Waterflow, NM housing market
The typical Waterflow home is worth about $244,000, up 15.2% in a year, 23% below the New Mexico typical home.
Home values, sales, trends and how Waterflow compares with the towns next door — updated as new data is published.
Waterflow at a glance
Typical home value, 2021–2026
Show as a table
| January | Waterflow | New Mexico |
|---|---|---|
| 2022 | $209,000 | $263,000 |
| 2023 | $212,000 | $287,000 |
| 2024 | $213,000 | $302,000 |
| 2025 | $229,000 | $313,000 |
| 2026 | $231,000 | $315,000 |
| August 2026 | $244,000 | $318,000 |
Waterflow and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Waterflow | $244K | +15.2% | $1,190 | $61,429 |
| Fruitland | $285K | +8.8% | $1,190 | $142,750 |
4 years of income
The typical Waterflow home costs about 4 years of the town's median household income, less than across New Mexico (5 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,190
HUD's Fair Market Rent for a two-bedroom in Waterflow is $1,190 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Waterflow pay a median of $1,572. A two-bedroom takes about 23% of the town's median household income.
Studio $970 · 4 bedrooms $1,790
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (87416, 87421; Farmington, NM MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.