
Cities with the most expensive homes in the Farmington metro area
Cities with the most expensive homes in the Farmington 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 $363,946 in August, 0.0% lower than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 18, the 30-year fixed mortgage rate sits at 6.26%.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 Farmington metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 8 cities and towns with data available were included in the list.

#8. Kirtland, NM
- Typical home value: $216,034
- 1-year price change: -2.2%
- 5-year price change: +14.7%

#7. Waterflow, NM
- Typical home value: $219,994
- 1-year price change: -3.9%
- 5-year price change: data not available

#6. Bloomfield, NM
- Typical home value: $235,630
- 1-year price change: +1.4%
- 5-year price change: +17.2%

#5. Aztec, NM
- Typical home value: $257,368
- 1-year price change: -0.8%
- 5-year price change: +18.4%

#4. Fruitland, NM
- Typical home value: $260,809
- 1-year price change: +1.6%
- 5-year price change: data not available

#3. Farmington, NM
- Typical home value: $269,676
- 1-year price change: +2.7%
- 5-year price change: +41.2%

#2. Flora Vista, NM
- Typical home value: $284,514
- 1-year price change: -1.2%
- 5-year price change: +24.4%

#1. La Plata, NM
- Typical home value: $295,288
- 1-year price change: +2.8%
- 5-year price change: data not available