Farmington, NM—87402
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$317,000
2.7% YoY Growth
Household Income
$77,000
6.4% YoY Growth
Days on Market
72
23.0% Longer YoY
Home Price Forecast
2.1%
Median Rent
$1,550
0.0% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,400
12.5% YoY Growth
3-Bed Rent
$1,800
22.8% YoY Growth
Other Zip Codes in Farmington, NM
Home Price Trends — Farmington, NM
As of Dec '25, the median home price in Farmington, NM is $317,000, with a year-over-year change of 2.7%. This indicates that home prices in Farmington, NM are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | 2.7% |
| Single Family | $319,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |