
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 $365,887 in April, 0.7% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of May 15, 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: $332,176
- 1-year price change: +1.0%
- 5-year price change: +37.0%

#6. Glorieta, NM
- Typical home value: $356,364
- 1-year price change: +3.2%
- 5-year price change: +41.7%

#5. Edgewood, NM
- Typical home value: $376,437
- 1-year price change: +2.4%
- 5-year price change: +44.3%

#4. Cerrillos, NM
- Typical home value: $384,941
- 1-year price change: +1.2%
- 5-year price change: +26.5%

#3. Stanley, NM
- Typical home value: $398,301
- 1-year price change: -0.5%
- 5-year price change: +26.5%

#2. Santa Fe, NM
- Typical home value: $590,132
- 1-year price change: +0.3%
- 5-year price change: +40.3%

#1. Lamy, NM
- Typical home value: $850,258
- 1-year price change: +1.2%
- 5-year price change: +45.7%