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1 / 8#8. Kirtland, NM
- Typical home value: $234,060
- 1-year price change: +6.0%
- 5-year price change: +17.9%
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 $371,757 in July, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of August 13, the 30-year fixed mortgage rate sits at 6.67%.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.
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2 / 8#7. Waterflow, NM
- Typical home value: $236,602
- 1-year price change: +13.2%
- 5-year price change: +17.9%
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3 / 8#6. Bloomfield, NM
- Typical home value: $254,309
- 1-year price change: +9.3%
- 5-year price change: +23.5%
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4 / 8#5. Aztec, NM
- Typical home value: $274,675
- 1-year price change: +6.3%
- 5-year price change: +24.5%
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5 / 8#4. Fruitland, NM
- Typical home value: $286,615
- 1-year price change: +7.7%
- 5-year price change: +34.6%
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6 / 8#3. Farmington, NM
- Typical home value: $286,908
- 1-year price change: +6.4%
- 5-year price change: +43.2%
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7 / 8#2. Flora Vista, NM
- Typical home value: $309,106
- 1-year price change: +8.9%
- 5-year price change: +30.5%
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8 / 8#1. La Plata, NM
- Typical home value: $320,823
- 1-year price change: +6.8%
- 5-year price change: +32.5%
