Cities with the most expensive homes in New Mexico

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 $366,913 in September, 1.0% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of October 15, the sits at 7.4%.

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 New Mexico using data from . Cities are ranked by the Zillow Home Values Index for all homes as of September 2026. The charts in this story were created automatically using .

Metros with the most cities in the top 30 in New Mexico
#1. Albuquerque, NM: 12
#2. Santa Fe, NM: 7
#3. Taos, NM: 3
#3. Las Vegas, NM: 3
#5. Las Cruces, NM: 1
#5. Espa卤ola, NM: 1
#5. Ruidoso, NM: 1
#5. Los Alamos, NM: 1

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#30. Santa Cruz

- Typical home value: $343,282
- 1-year price change: +6.4%
- 5-year price change: +20.8%
- Metro area: Santa Fe, NM

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#29. Albuquerque

- Typical home value: $344,199
- 1-year price change: +1.7%
- 5-year price change: +28.9%
- Metro area: Albuquerque, NM

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#28. Glorieta

- Typical home value: $350,752
- 1-year price change: +4.0%
- 5-year price change: +22.5%
- Metro area: Santa Fe, NM

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#27. Jemez Pueblo

- Typical home value: $359,910
- 1-year price change: +2.5%
- 5-year price change: +24.5%
- Metro area: Albuquerque, NM

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#26. Sapello

- Typical home value: $360,123
- 1-year price change: +13.5%
- 5-year price change: data not available
- Metro area: Las Vegas, NM

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#25. Rociada

- Typical home value: $360,397
- 1-year price change: +4.9%
- 5-year price change: data not available
- Metro area: Las Vegas, NM

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#24. Rio Rancho

- Typical home value: $360,463
- 1-year price change: +0.7%
- 5-year price change: +27.9%
- Metro area: Albuquerque, NM

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#23. Mesilla Park

- Typical home value: $366,993
- 1-year price change: +2.0%
- 5-year price change: +25.4%
- Metro area: Las Cruces, NM

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#22. Cerrillos

- Typical home value: $375,031
- 1-year price change: +0.2%
- 5-year price change: +4.9%
- Metro area: Santa Fe, NM

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#21. Edgewood

- Typical home value: $380,165
- 1-year price change: +3.2%
- 5-year price change: +19.6%
- Metro area: Santa Fe, NM

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#20. Algodones

- Typical home value: $380,950
- 1-year price change: +1.7%
- 5-year price change: +8.3%
- Metro area: Albuquerque, NM

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#19. Pecos

- Typical home value: $387,034
- 1-year price change: +4.0%
- 5-year price change: data not available
- Metro area: Las Vegas, NM

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#18. Stanley

- Typical home value: $402,831
- 1-year price change: +7.1%
- 5-year price change: +9.0%
- Metro area: Santa Fe, NM

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#17. Abiquiu

- Typical home value: $404,929
- 1-year price change: -2.3%
- 5-year price change: +0.7%
- Metro area: Espa卤ola, NM

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#16. Peralta

- Typical home value: $405,386
- 1-year price change: +2.0%
- 5-year price change: +26.7%
- Metro area: Albuquerque, NM

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#15. Ranchos de Taos

- Typical home value: $407,318
- 1-year price change: +0.6%
- 5-year price change: +4.4%
- Metro area: Taos, NM

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#14. Bosque Farms

- Typical home value: $420,703
- 1-year price change: +5.1%
- 5-year price change: +34.6%
- Metro area: Albuquerque, NM

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#13. Taos

- Typical home value: $425,471
- 1-year price change: -1.3%
- 5-year price change: -11.7%
- Metro area: Taos, NM

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#12. Tijeras

- Typical home value: $445,341
- 1-year price change: +3.5%
- 5-year price change: +24.5%
- Metro area: Albuquerque, NM

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#11. Cedar Crest

- Typical home value: $465,213
- 1-year price change: +3.3%
- 5-year price change: +25.7%
- Metro area: Albuquerque, NM

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#10. El Prado

- Typical home value: $479,749
- 1-year price change: -0.6%
- 5-year price change: +1.0%
- Metro area: Taos, NM

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#9. Angel Fire

- Typical home value: $507,125
- 1-year price change: -1.9%
- 5-year price change: +24.6%
- Metro area: not in a metro area

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#8. Sandia Park

- Typical home value: $533,794
- 1-year price change: +1.6%
- 5-year price change: +18.9%
- Metro area: Albuquerque, N/p>

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#7. Santa Fe

- Typical home value: $576,890
- 1-year price change: +0.6%
- 5-year price change: +15.8%
- Metro area: Santa Fe, NM

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#6. Los Alamos

- Typical home value: $579,259
- 1-year price change: -0.7%
- 5-year price change: +25.9%
- Metro area: Los Alamos, NM

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#5. Alto

- Typical home value: $600,275
- 1-year price change: +4.9%
- 5-year price change: +18.2%
- Metro area: Ruidoso, NM

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#4. Placitas

- Typical home value: $641,753
- 1-year price change: -1.8%
- 5-year price change: +18.2%
- Metro area: Albuquerque, NM

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#3. Corrales

- Typical home value: $701,035
- 1-year price change: +2.3%
- 5-year price change: +28.3%
- Metro area: Albuquerque, NM

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#2. Los Ranchos de Albuquerque

- Typical home value: $713,634
- 1-year price change: +4.3%
- 5-year price change: +30.3%
- Metro area: Albuquerque, NM

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#1. Lamy

- Typical home value: $828,664
- 1-year price change: +2.3%
- 5-year price change: +17.5%
- Metro area: Santa Fe, NM

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