The median home in Farmington, New Mexico is valued at $269,906, up 2.7% year over year. Typical monthly rent is $1,489, producing a price-to-rent ratio of 15.1x — near the national average of 18x. Farmington is part of the Farmington, NM metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$269,906

+2.7%

Rent$1,489/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Farmington.

Income (annual)

Down Payment

$53,981 on $269,906

Example: $75,000 household income. Change it above to see your own.

Affordable26.8% of income

Under the 28% guideline.

PITI$1,678

P/I26.8%

Afford$281K

Room+$12K

P&I $1,365Tax $180Ins $133

Renting $189/mo cheaper ($1,489 rent)6.50% 30yr, 20% down, county tax + NM ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in New Mexico

Compare Farmington with other housing markets across New Mexico.

Lamy$810K Los Ranchos de Albuquerque$685K Corrales$684K Placitas$635K Arroyo Seco$620K Alto$569K Santa Fe$569K Los Alamos$568K

Full Farmington, NM analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Farmington, NM metro.

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