(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. Given the current state of the real estate market, housing affordability plays a determining role for buyers. As of May 4, 2022, the 30-year fixed mortgage rate sits at 5.73%. As a result of higher mortgage rates across the board, home prices have risen significantly. According to the National Association of Realtors, the national median home price is $375,300—up from just over $356,000 this time last year.

Although home prices have inflated all across the U.S., there are definitely certain areas that have a higher price tag than others. Location, size, age, and condition are all contributing factors to home value. Whether you choose to hold off your home-buying plans in hopes of the market cooling down or are looking to buy ASAP, it’s good to educate yourself on the market in different cities.

Stacker compiled a list of cities with the most expensive homes in Albuquerque using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of March 2022. Cities with at least three years of historical data were included. The charts in this story were created automatically using Matplotlib.

#24. Estancia, NM

– Typical home value: $137,610
– 1-year price change: +8.4%
– 5-year price change: +43.4%

#23. Moriarty, NM

– Typical home value: $151,128
– 1-year price change: +14.6%
– 5-year price change: +42.8%

#22. Belen, NM

– Typical home value: $168,266
– 1-year price change: +26.0%
– 5-year price change: +66.9%

#21. Jarales, NM

– Typical home value: $193,665
– 1-year price change: +23.0%
– 5-year price change: +61.9%

#20. Cuba, NM

– Typical home value: $227,564
– 1-year price change: +24.8%
– 5-year price change: +36.7%

#19. Pena Blanca, NM

– Typical home value: $234,829
– 1-year price change: +12.6%
– 5-year price change: +51.0%

#18. South Valley, NM

– Typical home value: $239,512
– 1-year price change: +20.8%
– 5-year price change: +69.6%

#17. Los Lunas, NM

– Typical home value: $241,628
– 1-year price change: +23.2%
– 5-year price change: +65.6%

#16. Cochiti Lake, NM

– Typical home value: $257,288
– 1-year price change: +31.6%
– 5-year price change: +70.6%

#15. Carnuel, NM

– Typical home value: $279,679
– 1-year price change: +17.2%
– 5-year price change: +62.9%

#14. Jemez Springs, NM

– Typical home value: $281,731
– 1-year price change: +22.0%
– 5-year price change: +61.6%

#13. Peralta, NM

– Typical home value: $295,143
– 1-year price change: +24.4%
– 5-year price change: +66.7%

#12. Albuquerque, NM

– Typical home value: $296,671
– 1-year price change: +19.4%
– 5-year price change: +57.2%

#11. Rio Rancho, NM

– Typical home value: $305,987
– 1-year price change: +23.6%
– 5-year price change: +68.6%

#10. Bernalillo, NM

– Typical home value: $316,446
– 1-year price change: +26.9%
– 5-year price change: +63.7%

#9. Bosque Farms, NM

– Typical home value: $335,910
– 1-year price change: +21.3%
– 5-year price change: +59.0%

#8. Algodones, NM

– Typical home value: $342,886
– 1-year price change: +22.8%
– 5-year price change: +56.5%

#7. North Valley, NM

– Typical home value: $357,250
– 1-year price change: +19.4%
– 5-year price change: +57.8%

#6. Tijeras, NM

– Typical home value: $383,327
– 1-year price change: +15.5%
– 5-year price change: +59.8%

#5. Cedar Crest, NM

– Typical home value: $413,992
– 1-year price change: +17.6%
– 5-year price change: +57.3%

#4. Sandia Park, NM

– Typical home value: $446,630
– 1-year price change: +15.6%
– 5-year price change: +55.4%

#3. Placitas, NM

– Typical home value: $595,169
– 1-year price change: +15.0%
– 5-year price change: +56.0%

#2. Los Ranchos de Albuquerque, NM

– Typical home value: $604,513
– 1-year price change: +18.6%
– 5-year price change: +46.1%

#1. Corrales, NM

– Typical home value: $627,993
– 1-year price change: +20.4%
– 5-year price change: +59.8%