Cities with the most expensive homes in the Santa Fe metro area

Written by:
August 25, 2025
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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 $364,891 in September, 0.0% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of October 16, the 30-year fixed mortgage rate sits at 6.27%.

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.

1 / 7
Stacker

#7. Santa Cruz, NM

- Typical home value: $329,627
- 1-year price change: -0.6%
- 5-year price change: +25.4%

2 / 7
Stacker

#6. Glorieta, NM

- Typical home value: $352,654
- 1-year price change: +1.5%
- 5-year price change: +35.7%

3 / 7
Stacker

#5. Edgewood, NM

- Typical home value: $374,796
- 1-year price change: +0.5%
- 5-year price change: +36.0%

4 / 7
Stacker

#4. Cerrillos, NM

- Typical home value: $378,566
- 1-year price change: -1.8%
- 5-year price change: +22.2%

5 / 7
Stacker

#3. Stanley, NM

- Typical home value: $398,200
- 1-year price change: -3.8%
- 5-year price change: +16.2%

6 / 7
Stacker

#2. Santa Fe, NM

- Typical home value: $580,317
- 1-year price change: -0.6%
- 5-year price change: +35.0%

7 / 7
Stacker

#1. Lamy, NM

- Typical home value: $839,224
- 1-year price change: -0.8%
- 5-year price change: +40.8%

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