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 $363,946 in August, 0.0% lower than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 18, the 30-year fixed mortgage rate sits at 6.26%.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: $327,771
- 1-year price change: -0.6%
- 5-year price change: +28.1%

#6. Glorieta, NM
- Typical home value: $349,780
- 1-year price change: +1.0%
- 5-year price change: +36.4%

#5. Edgewood, NM
- Typical home value: $375,568
- 1-year price change: +0.7%
- 5-year price change: +38.2%

#4. Cerrillos, NM
- Typical home value: $383,732
- 1-year price change: -1.2%
- 5-year price change: +23.5%

#3. Stanley, NM
- Typical home value: $402,467
- 1-year price change: -4.2%
- 5-year price change: +17.5%

#2. Santa Fe, NM
- Typical home value: $581,875
- 1-year price change: -0.6%
- 5-year price change: +36.5%

#1. Lamy, NM
- Typical home value: $838,413
- 1-year price change: -0.3%
- 5-year price change: +42.4%