(STACKER) – 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 $350,091 in September, 2.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of Oct. 19, the 30-year fixed mortgage rate sits at 7.63%.
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 New Mexico using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of September 2023. The charts in this story were created automatically using Matplotlib.
#30. Santa Cruz
– Typical home value: $310,190
– 1-year price change: +4.5%
– 5-year price change: +48.4%
– Metro area: Santa Fe, NM
#29. Ruidoso
– Typical home value: $313,160
– 1-year price change: +2.3%
– 5-year price change: +38.6%
– Metro area: Ruidoso, NM
#28. Bernalillo
– Typical home value: $316,438
– 1-year price change: +3.6%
– 5-year price change: +59.2%
– Metro area: Albuquerque, NM
#27. Albuquerque
– Typical home value: $319,903
– 1-year price change: +4.3%
– 5-year price change: +64.3%
– Metro area: Albuquerque, NM
#26. Jemez Springs
– Typical home value: $320,220
– 1-year price change: +4.2%
– 5-year price change: +48.1%
– Metro area: Albuquerque, NM
#25. Rio Rancho
– Typical home value: $330,760
– 1-year price change: +2.9%
– 5-year price change: +70.0%
– Metro area: Albuquerque, NM
#24. Glorieta
– Typical home value: $331,287
– 1-year price change: +0.6%
– 5-year price change: +45.8%
– Metro area: Santa Fe, NM
#23. Mayhill
– Typical home value: $335,099
– 1-year price change: +3.3%
– 5-year price change: data not available
– Metro area: Roswell, NM
#22. Edgewood
– Typical home value: $349,759
– 1-year price change: +1.0%
– 5-year price change: +59.0%
– Metro area: Santa Fe, NM
#21. Algodones
– Typical home value: $365,589
– 1-year price change: -1.3%
– 5-year price change: data not available
– Metro area: Albuquerque, NM
#20. Mesilla Park
– Typical home value: $366,595
– 1-year price change: +6.0%
– 5-year price change: +50.5%
– Metro area: Las Cruces, NM
#19. Cerrillos
– Typical home value: $380,068
– 1-year price change: +1.9%
– 5-year price change: +51.9%
– Metro area: Santa Fe, NM
#18. Stanley
– Typical home value: $383,792
– 1-year price change: +0.7%
– 5-year price change: data not available
– Metro area: Santa Fe, NM
#17. Abiquiu
– Typical home value: $384,823
– 1-year price change: -0.4%
– 5-year price change: +49.4%
– Metro area: Espa-¦ola, NM
#16. Peralta
– Typical home value: $394,372
– 1-year price change: -2.7%
– 5-year price change: +53.7%
– Metro area: Albuquerque, NM
#15. Ranchos de Taos
– Typical home value: $395,879
– 1-year price change: +0.4%
– 5-year price change: +41.3%
– Metro area: Taos, NM
#14. Tijeras
– Typical home value: $399,694
– 1-year price change: +2.3%
– 5-year price change: +61.0%
– Metro area: Albuquerque, NM
#13. Bosque Farms
– Typical home value: $404,928
– 1-year price change: +2.8%
– 5-year price change: +77.0%
– Metro area: Albuquerque, NM
#12. Cedar Crest
– Typical home value: $427,124
– 1-year price change: +2.5%
– 5-year price change: +59.1%
– Metro area: Albuquerque, NM
#11. Taos
– Typical home value: $457,406
– 1-year price change: -5.6%
– 5-year price change: +37.2%
– Metro area: Taos, NM
#10. El Prado
– Typical home value: $472,752
– 1-year price change: +0.8%
– 5-year price change: +45.2%
– Metro area: Taos, NM
#9. Angel Fire
– Typical home value: $475,637
– 1-year price change: -1.3%
– 5-year price change: +74.0%
– Metro area: not in a metro area
#8. Sandia Park
– Typical home value: $487,249
– 1-year price change: +1.5%
– 5-year price change: +60.2%
– Metro area: Albuquerque, NM
#7. Los Alamos
– Typical home value: $511,254
– 1-year price change: +4.1%
– 5-year price change: +55.3%
– Metro area: Los Alamos, NM
#6. Alto
– Typical home value: $544,302
– 1-year price change: +7.0%
– 5-year price change: +40.8%
– Metro area: Ruidoso, NM
#5. Santa Fe
– Typical home value: $568,771
– 1-year price change: +1.4%
– 5-year price change: +62.3%
– Metro area: Santa Fe, NM
#4. Los Ranchos de Albuquerque
– Typical home value: $616,664
– 1-year price change: +2.5%
– 5-year price change: +55.6%
– Metro area: Albuquerque, NM
#3. Placitas
– Typical home value: $638,808
– 1-year price change: +3.8%
– 5-year price change: +56.4%
– Metro area: Albuquerque, NM
#2. Corrales
– Typical home value: $671,778
– 1-year price change: +3.6%
– 5-year price change: +62.1%
– Metro area: Albuquerque, NM
#1. Lamy
– Typical home value: $824,750
– 1-year price change: +1.1%
– 5-year price change: +68.8%
– Metro area: Santa Fe, NM
