
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 $359,741 in March, 1.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of April 17, the 30-year fixed mortgage rate sits at 6.83%.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: $323,475
- 1-year price change: +2.0%
- 5-year price change: +38.8%

#6. Glorieta, NM
- Typical home value: $334,589
- 1-year price change: +4.2%
- 5-year price change: +43.2%

#5. Cerrillos, NM
- Typical home value: $362,659
- 1-year price change: +1.9%
- 5-year price change: +28.1%

#4. Edgewood, NM
- Typical home value: $363,098
- 1-year price change: +3.3%
- 5-year price change: +46.0%

#3. Stanley, NM
- Typical home value: $383,493
- 1-year price change: +0.6%
- 5-year price change: +28.6%

#2. Santa Fe, NM
- Typical home value: $573,092
- 1-year price change: +1.2%
- 5-year price change: +41.5%

#1. Lamy, NM
- Typical home value: $834,442
- 1-year price change: +1.7%
- 5-year price change: +47.5%