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 $367,369 in June, 0.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 17, the 30-year fixed mortgage rate sits at 6.75%.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: $215,125
- 1-year price change: -0.0%
- 5-year price change: +17.1%

#7. Waterflow, NM
- Typical home value: $221,496
- 1-year price change: -1.6%
- 5-year price change: data not available

#6. Bloomfield, NM
- Typical home value: $238,069
- 1-year price change: +1.5%
- 5-year price change: +18.0%

#5. Aztec, NM
- Typical home value: $252,404
- 1-year price change: +0.9%
- 5-year price change: +20.6%

#4. Fruitland, NM
- Typical home value: $263,033
- 1-year price change: +3.2%
- 5-year price change: data not available

#3. Farmington, NM
- Typical home value: $267,948
- 1-year price change: +3.9%
- 5-year price change: +42.9%

#2. Flora Vista, NM
- Typical home value: $282,258
- 1-year price change: -0.1%
- 5-year price change: +26.8%

#1. La Plata, NM
- Typical home value: $295,989
- 1-year price change: +3.3%
- 5-year price change: data not available