Cities with the fastest-growing home prices in New Mexico

Written by:
June 29, 2026
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Cities with the fastest-growing home prices in New Mexico

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The typical home value in the United States was $372,057 in June, 1.1% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

compiled a list of cities with the fastest-growing home prices in New Mexico using data from . Cities are ranked by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending June 2026. The charts in this story were created automatically using . Data was available for 50 cities and towns in New Mexico.

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#50. Hobbs

- Typical home value: $217,746
- 1-year price change: +$6,333 (+3.0%)
- 5-year price change: -$-28,808 (-11.7%)
- Metro area: Hobbs, NM

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#49. Belen

- Typical home value: $273,513
- 1-year price change: +$6,355 (+2.4%)
- 5-year price change: +$57,310 (+26.5%)
- Metro area: Albuquerque, NM

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#48. Elephant Butte

- Typical home value: $241,660
- 1-year price change: +$6,397 (+2.7%)
- 5-year price change: +$58,818 (+32.2%)
- Metro area: not in a metro area

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#47. Arenas Valley

- Typical home value: $149,803
- 1-year price change: +$6,827 (+4.8%)
- 5-year price change: +$3,202 (+2.2%)
- Metro area: Silver City, NM

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#46. Lamy

- Typical home value: $841,458
- 1-year price change: +$6,879 (+0.8%)
- 5-year price change: +$141,146 (+20.2%)
- Metro area: Santa Fe, NM

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#45. Algodones

- Typical home value: $400,534
- 1-year price change: +$7,480 (+1.9%)
- 5-year price change: +$36,846 (+10.1%)
- Metro area: Albuquerque, NM

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#44. Blanco

- Typical home value: $238,172
- 1-year price change: +$8,598 (+3.7%)
- 5-year price change: -$-31,735 (-11.8%)
- Metro area: Espa卤ola, NM

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#43. Deming

- Typical home value: $160,968
- 1-year price change: +$8,876 (+5.8%)
- 5-year price change: +$15,930 (+11.0%)
- Metro area: Deming, NM

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#42. Los Lunas

- Typical home value: $327,874
- 1-year price change: +$9,048 (+2.8%)
- 5-year price change: +$78,467 (+31.5%)
- Metro area: Albuquerque, NM

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#41. Nogal

- Typical home value: $377,693
- 1-year price change: +$10,348 (+2.8%)
- 5-year price change: data not available
- Metro area: Ruidoso, NM

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#40. Jemez Springs

- Typical home value: $351,452
- 1-year price change: +$10,520 (+3.1%)
- 5-year price change: +$76,488 (+27.8%)
- Metro area: Albuquerque, NM

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#39. Taos Ski Valley

- Typical home value: $564,242
- 1-year price change: +$10,943 (+2.0%)
- 5-year price change: data not available
- Metro area: Taos, NM

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#38. Kirtland

- Typical home value: $239,039
- 1-year price change: +$11,726 (+5.2%)
- 5-year price change: +$37,674 (+18.7%)
- Metro area: Farmington, NM

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#37. Moriarty

- Typical home value: $241,630
- 1-year price change: +$11,794 (+5.1%)
- 5-year price change: +$23,370 (+10.7%)
- Metro area: Albuquerque, NM

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#36. Santa Cruz

- Typical home value: $344,366
- 1-year price change: +$12,106 (+3.6%)
- 5-year price change: +$50,752 (+17.3%)
- Metro area: Santa Fe, NM

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#35. Edgewood

- Typical home value: $390,517
- 1-year price change: +$12,842 (+3.4%)
- 5-year price change: +$72,558 (+22.8%)
- Metro area: Santa Fe, NM

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#34. Tijeras

- Typical home value: $451,838
- 1-year price change: +$13,196 (+3.0%)
- 5-year price change: +$96,369 (+27.1%)
- Metro area: Albuquerque, NM

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#33. Carnuel

- Typical home value: $351,527
- 1-year price change: +$13,380 (+4.0%)
- 5-year price change: +$90,526 (+34.7%)
- Metro area: Albuquerque, NM

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#32. Estancia

- Typical home value: $212,939
- 1-year price change: +$14,586 (+7.4%)
- 5-year price change: data not available
- Metro area: Albuquerque, NM

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#31. Hillsboro

- Typical home value: $273,281
- 1-year price change: +$14,756 (+5.7%)
- 5-year price change: +$31,835 (+13.2%)
- Metro area: not in a metro area

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#30. Cedar Crest

- Typical home value: $471,780
- 1-year price change: +$14,958 (+3.3%)
- 5-year price change: +$105,838 (+28.9%)
- Metro area: Albuquerque, NM

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#29. Farmington

- Typical home value: $286,428
- 1-year price change: +$15,297 (+5.6%)
- 5-year price change: +$86,195 (+43.0%)
- Metro area: Farmington, NM

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#28. Aztec

- Typical home value: $279,863
- 1-year price change: +$15,452 (+5.8%)
- 5-year price change: +$55,745 (+24.9%)
- Metro area: Farmington, NM

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#27. Peralta

- Typical home value: $414,517
- 1-year price change: +$16,704 (+4.2%)
- 5-year price change: +$90,116 (+27.8%)
- Metro area: Albuquerque, NM

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#26. Jemez Pueblo

- Typical home value: $369,675
- 1-year price change: +$16,747 (+4.7%)
- 5-year price change: +$75,925 (+25.8%)
- Metro area: Albuquerque, NM

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#25. Rociada

- Typical home value: $368,439
- 1-year price change: +$17,174 (+4.9%)
- 5-year price change: data not available
- Metro area: Las Vegas, NM

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#24. Fruitland

- Typical home value: $283,399
- 1-year price change: +$17,248 (+6.5%)
- 5-year price change: +$72,126 (+34.1%)
- Metro area: Farmington, NM

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#23. Datil

- Typical home value: $220,508
- 1-year price change: +$17,389 (+8.6%)
- 5-year price change: data not available
- Metro area: not in a metro area

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#22. Corrales

- Typical home value: $713,957
- 1-year price change: +$17,610 (+2.5%)
- 5-year price change: +$166,210 (+30.3%)
- Metro area: Albuquerque, NM

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#21. Espanola

- Typical home value: $348,481
- 1-year price change: +$18,033 (+5.5%)
- 5-year price change: +$93,933 (+36.9%)
- Metro area: Espa卤ola, NM

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#20. Pena Blanca

- Typical home value: $299,001
- 1-year price change: +$19,212 (+6.9%)
- 5-year price change: +$23,372 (+8.5%)
- Metro area: Albuquerque, NM

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#19. La Plata

- Typical home value: $320,146
- 1-year price change: +$19,436 (+6.5%)
- 5-year price change: +$79,081 (+32.8%)
- Metro area: Farmington, NM

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#18. Capitan

- Typical home value: $249,883
- 1-year price change: +$20,319 (+8.9%)
- 5-year price change: data not available
- Metro area: Ruidoso, NM

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#17. Cuba

- Typical home value: $238,494
- 1-year price change: +$21,071 (+9.7%)
- 5-year price change: +$33,170 (+16.2%)
- Metro area: Gallup, NM

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#16. Bloomfield

- Typical home value: $260,337
- 1-year price change: +$21,100 (+8.8%)
- 5-year price change: +$49,700 (+23.6%)
- Metro area: Farmington, NM

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#15. Pecos

- Typical home value: $401,790
- 1-year price change: +$21,568 (+5.7%)
- 5-year price change: data not available
- Metro area: Las Vegas, NM

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#14. Reserve

- Typical home value: $215,096
- 1-year price change: +$22,188 (+11.5%)
- 5-year price change: data not available
- Metro area: not in a metro area

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#13. Glorieta

- Typical home value: $362,483
- 1-year price change: +$22,554 (+6.6%)
- 5-year price change: +$82,102 (+29.3%)
- Metro area: Santa Fe, NM

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#12. Las Vegas

- Typical home value: $241,726
- 1-year price change: +$23,302 (+10.7%)
- 5-year price change: +$43,411 (+21.9%)
- Metro area: Las Vegas, NM

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#11. Flora Vista

- Typical home value: $309,535
- 1-year price change: +$23,830 (+8.3%)
- 5-year price change: +$72,715 (+30.7%)
- Metro area: Farmington, NM

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#10. Quemado

- Typical home value: $264,140
- 1-year price change: +$23,965 (+10.0%)
- 5-year price change: data not available
- Metro area: not in a metro area

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#9. Waterflow

- Typical home value: $247,350
- 1-year price change: +$24,024 (+10.8%)
- 5-year price change: +$37,193 (+17.7%)
- Metro area: Farmington, NM

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#8. Alto

- Typical home value: $590,415
- 1-year price change: +$24,586 (+4.3%)
- 5-year price change: +$116,795 (+24.7%)
- Metro area: Ruidoso, NM

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#7. Los Ranchos de Albuquerque

- Typical home value: $718,625
- 1-year price change: +$26,919 (+3.9%)
- 5-year price change: +$182,445 (+34.0%)
- Metro area: Albuquerque, NM

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#6. Bosque Farms

- Typical home value: $429,156
- 1-year price change: +$28,534 (+7.1%)
- 5-year price change: +$121,234 (+39.4%)
- Metro area: Albuquerque, NM

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#5. Stanley

- Typical home value: $429,034
- 1-year price change: +$29,560 (+7.4%)
- 5-year price change: +$28,879 (+7.2%)
- Metro area: Santa Fe, NM

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#4. Pie Town

- Typical home value: $272,912
- 1-year price change: +$31,487 (+13.0%)
- 5-year price change: data not available
- Metro area: not in a metro area

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#3. Chimayo

- Typical home value: $347,139
- 1-year price change: +$33,774 (+10.8%)
- 5-year price change: +$56,658 (+19.5%)
- Metro area: Espa卤ola, NM

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#2. San Jose

- Typical home value: $322,918
- 1-year price change: +$35,917 (+12.5%)
- 5-year price change: data not available
- Metro area: Las Vegas, NM

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#1. Sapello

- Typical home value: $385,146
- 1-year price change: +$40,004 (+11.6%)
- 5-year price change: data not available
- Metro area: Las Vegas, NM

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