Farmington, NM Housing Market
Market data powered by Zillow Research. Last updated: 2026-04-02
Farmington, NM is showing healthy, moderate growth.
- •Steady price growth of 2.6% year-over-year — a balanced market.
- •Price-to-rent ratio: 15.8 — buying and renting are roughly comparable.
Median Home Value
$262,801
ZHVI
Year-over-Year
+2.6%
Price change
5-Year Change
+34.7%
Since 2021
Median Rent
$1,388/mo
ZORI
Active Listings
210
For sale
State Avg
$310,375
New Mexico
Home Value Trends
5-year Zillow Home Value Index for Farmington, NM vs. state and national averages.
Rent Data
Median Rent
$1,388/mo
Rent YoY Change
+3.2%
Other Markets in New Mexico
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.