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Home appreciation in Farmington, NM

Over the five years ending 2025, home prices in Farmington, NM grew an average of 9.1% a year.

Price growth at a glance

1-year

+9.3%

2025 over 2024. New Mexico: +4.0%.

5-year, per year

+9.1%

Average annual growth, 2020 to 2025. New Mexico: +8.9%.

10-year, per year

+5.0%

+63.0% in total since 2015. New Mexico: +6.5%.

How does your home compare?

Farmington, NM home prices rose 63.0% over the ten years to 2025, while its ZIP codes ranged from +53.2% to +63.0%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How Farmington, NM compares with New Mexico

The metro and its state moved almost together over that window. For five-year price growth, Farmington, NM ranks 202nd out of 409 metros nationwide and 2nd out of 4 in New Mexico.

Index, 2005 = 100

Farmington, NM and New Mexico, quarterly house price index rebased to 100 in 2005.
YearFarmington, NMNew Mexico
2005 Q1100100
2005 Q2106104
2005 Q3107108
2005 Q4112112
2006 Q1114115
2006 Q2118119
2006 Q3119122
2006 Q4123125
2007 Q1122127
2007 Q2124128
2007 Q3124128
2007 Q4125129
2008 Q1128129
2008 Q2125128
2008 Q3123124
2008 Q4124124
2009 Q1126125
2009 Q2125122
2009 Q3122119
2009 Q4121118
2010 Q1120118
2010 Q2118116
2010 Q3120117
2010 Q4118116
2011 Q1116113
2011 Q2111111
2011 Q3113111
2011 Q4114111
2012 Q1112110
2012 Q2111109
2012 Q3112110
2012 Q4114110
2013 Q1115110
2013 Q2115110
2013 Q3111110
2013 Q4114111
2014 Q1110110
2014 Q2117111
2014 Q3112112
2014 Q4114112
2015 Q1115113
2015 Q2114113
2015 Q3114114
2015 Q4114114
2016 Q1116115
2016 Q2116116
2016 Q3115117
2016 Q4116119
2017 Q1114118
2017 Q2114119
2017 Q3115122
2017 Q4112122
2018 Q1112122
2018 Q2111124
2018 Q3112126
2018 Q4114127
2019 Q1113127
2019 Q2114130
2019 Q3114133
2019 Q4116134
2020 Q1119136
2020 Q2119137
2020 Q3121140
2020 Q4122143
2021 Q1125147
2021 Q2127153
2021 Q3135162
2021 Q4138167
2022 Q1146173
2022 Q2147182
2022 Q3153186
2022 Q4158187
2023 Q1153188
2023 Q2155192
2023 Q3168198
2023 Q4165197
2024 Q1160199
2024 Q2169204
2024 Q3173207
2024 Q4178208
2025 Q1184209
2025 Q2179214
2025 Q3193213
2025 Q4188215
2026 Q1193216
2026 Q2193218

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +5.0% a year over ten years, +63.0% in total.

Over this history, home prices peaked in 2008, fell 9.9% to its 2012 low, and regained the 2008 level in 2021.

The strongest year was 2022 at +15.0%, and the weakest was 2011 at -4.7%.

In 2025 alone the index moved +9.3%, against +4.0% for the state.

ZIP codes in Farmington, NM

Over the ten years to 2025, the 4 ZIP codes FHFA measures in this metro ranged from +53.2% in 87402 to +63.0% in 87413, while the metro as a whole rose 63.0%.

ZIP codes in Farmington, NM ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
87413+11.0%+9.4%+5.0%+63.0%
87401+4.2%+8.8%+4.6%+57.5%
87410+3.7%+8.1%+4.5%+55.1%
87402+8.1%+8.0%+4.4%+53.2%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for Farmington, NM and New Mexico, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006111.4+11.4%113.3
2007116.4+4.5%120.4
2008117.5+1.0%119.0
2009116.3-1.0%114.2
2010112.1-3.7%110.0
2011106.8-4.7%105.0
2012105.9-0.8%103.1
2013107.2+1.2%103.9
2014106.5-0.6%104.9
2015107.4+0.8%106.9
2016109.1+1.6%110.0
2017107.1-1.9%113.4
2018105.9-1.1%117.6
2019107.6+1.6%123.4
2020113.2+5.3%130.9
2021123.5+9.1%148.2
2022142.0+15.0%171.4
2023150.9+6.2%182.6
2024160.3+6.2%192.8
2025175.1+9.3%200.5

The 4 measured metros in New Mexico

Measured metros in New Mexico ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1Albuquerque, NM+3.9%+9.4%+6.8%
2Farmington, NM+9.3%+9.1%+5.0%
3Las Cruces, NM+2.4%+9.1%+6.3%
4Santa Fe, NM+2.8%+8.7%+7.3%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the New Mexico row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

Look up your home

Investing? Score any property free

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Measured FHFA data · chart through 2026 Q2