Farmington, NM housing market
The typical Farmington home is worth about $290,000, up 7.1% in a year, 9% below the New Mexico typical home. Homes typically sell in 11 days.
Home values, sales, trends and how Farmington compares with the towns next door — updated as new data is published.
Farmington at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Farmington | New Mexico |
|---|---|---|
| 2017 | $175,000 | $178,000 |
| 2018 | $179,000 | $184,000 |
| 2019 | $183,000 | $193,000 |
| 2020 | $191,000 | $205,000 |
| 2021 | $196,000 | $229,000 |
| 2022 | $214,000 | $263,000 |
| 2023 | $236,000 | $287,000 |
| 2024 | $255,000 | $302,000 |
| 2025 | $273,000 | $313,000 |
| 2026 | $280,000 | $315,000 |
| August 2026 | $290,000 | $318,000 |
Farmington and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Farmington | $290K | +7.1% | 11 | $68,784 |
| Flora Vista | $311K | +9.3% | — | $44,352 |
| Crouch Mesa | — | — | — | $63,750 |
| La Plata | $324K | +7.3% | — | $57,071 |
| Lee Acres | — | — | — | $44,583 |
| South River | — | — | — | $68,668 |
4.2 years of income
The typical Farmington home costs about 4.2 years of the town's median household income, less than across New Mexico (5 years).
How Farmington ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.