Cities with the most expensive homes in the Santa Fe metro area
Cities with the most expensive homes in the Santa Fe metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $360,385 in October, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of November 14, the 30-year fixed mortgage rate sits at 6.78%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Santa Fe metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 7 cities and towns with data available were included in the list.
#7. Santa Cruz, NM
- Typical home value: $312,670
- 1-year price change: +0.6%
- 5-year price change: +37.8%
#6. Glorieta, NM
- Typical home value: $344,515
- 1-year price change: +5.2%
- 5-year price change: +45.0%
#5. Edgewood, NM
- Typical home value: $360,308
- 1-year price change: +2.9%
- 5-year price change: +48.4%
#4. Cerrillos, NM
- Typical home value: $377,845
- 1-year price change: +1.3%
- 5-year price change: +35.6%
#3. Stanley, NM
- Typical home value: $384,006
- 1-year price change: -2.2%
- 5-year price change: +31.4%
#2. Santa Fe, NM
- Typical home value: $581,794
- 1-year price change: +1.9%
- 5-year price change: +46.4%
#1. Lamy, NM
- Typical home value: $834,152
- 1-year price change: +1.2%
- 5-year price change: +55.4%