Cities with the most expensive homes in the Albuquerque 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, plays a huge role for buyers.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

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.

compiled a list of cities with the most expensive homes in the Albuquerque metro area using data from . Charts show the monthly typical home value since January 2018. All 23 cities and towns with data available were included in the list.

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#23. Moriarty, NM

- Typical home value: $234,198
- 1-year price change: +3.6%
- 5-year price change: +8.6%

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#22. La Jara, NM

- Typical home value: $267,613
- 1-year price change: +1.9%
- 5-year price change: +8.8%

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#21. Rio Communities, NM

- Typical home value: $271,061
- 1-year price change: +2.5%
- 5-year price change: +46.0%

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#20. Belen, NM

- Typical home value: $272,375
- 1-year price change: +2.6%
- 5-year price change: +23.6%

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#19. Cochiti Lake, NM

- Typical home value: $272,457
- 1-year price change: -2.5%
- 5-year price change: +26.4%

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#18. Pena Blanca, NM

- Typical home value: $282,672
- 1-year price change: +8.5%
- 5-year price change: +8.2%

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#17. Ponderosa, NM

- Typical home value: $291,414
- 1-year price change: +0.7%
- 5-year price change: -3.6%

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#16. Los Lunas, NM

- Typical home value: $331,123
- 1-year price change: +3.0%
- 5-year price change: +28.1%

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#15. Jemez Springs, NM

- Typical home value: $341,015
- 1-year price change: +2.7%
- 5-year price change: +26.3%

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#14. Carnuel, NM

- Typical home value: $342,938
- 1-year price change: +4.0%
- 5-year price change: +32.9%

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#13. Bernalillo, NM

- Typical home value: $343,632
- 1-year price change: +0.8%
- 5-year price change: +24.6%

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#12. Albuquerque, NM

- Typical home value: $345,503
- 1-year price change: +1.6%
- 5-year price change: +29.5%

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#11. Rio Rancho, NM

- Typical home value: $361,320
- 1-year price change: +0.6%
- 5-year price change: +28.8%

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#10. Jemez Pueblo, NM

- Typical home value: $367,707
- 1-year price change: +3.6%
- 5-year price change: +24.2%

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#9. Algodones, NM

- Typical home value: $382,339
- 1-year price change: +2.4%
- 5-year price change: +9.0%

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#8. Peralta, NM

- Typical home value: $408,031
- 1-year price change: +3.0%
- 5-year price change: +26.7%

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#7. Bosque Farms, NM

- Typical home value: $422,894
- 1-year price change: +6.1%
- 5-year price change: +35.6%

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#6. Tijeras, NM

- Typical home value: $445,593
- 1-year price change: +3.4%
- 5-year price change: +25.0%

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#5. Cedar Crest, NM

- Typical home value: $464,743
- 1-year price change: +3.4%
- 5-year price change: +26.4%

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#4. Sandia Park, NM

- Typical home value: $535,089
- 1-year price change: +1.6%
- 5-year price change: +19.9%

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#3. Placitas, NM

- Typical home value: $639,689
- 1-year price change: -2.1%
- 5-year price change: +18.7%

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#2. Corrales, NM

- Typical home value: $700,444
- 1-year price change: +2.5%
- 5-year price change: +28.6%

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#1. Los Ranchos de Albuquerque, NM

- Typical home value: $713,376
- 1-year price change: +4.4%
- 5-year price change: +30.8%

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