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 $366,289 in May, 0.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of June 18, the 30-year fixed mortgage rate sits at 6.81%.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: $332,515
- 1-year price change: -0.2%
- 5-year price change: +34.8%

#6. Glorieta, NM
- Typical home value: $348,644
- 1-year price change: +1.9%
- 5-year price change: +39.7%

#5. Edgewood, NM
- Typical home value: $377,858
- 1-year price change: +1.4%
- 5-year price change: +42.6%

#4. Cerrillos, NM
- Typical home value: $383,636
- 1-year price change: +0.2%
- 5-year price change: +24.9%

#3. Stanley, NM
- Typical home value: $398,145
- 1-year price change: -2.4%
- 5-year price change: +23.6%

#2. Santa Fe, NM
- Typical home value: $591,223
- 1-year price change: -0.5%
- 5-year price change: +39.3%

#1. Lamy, NM
- Typical home value: $848,169
- 1-year price change: +0.7%
- 5-year price change: +44.4%