House Prices

House Prices & Home Values Farmington, NM 2026


Average Data

average house price$251,558
average size per house2035 ft²
average price per ft²124 $ / ft²

01/24/2026 - The value range (VR) for house prices in Farmington, NM is $113/ sqft to $128/ sqft. An average home with 2035 sqft costs approximately $229,955 to $260,480. Farmington, NM includes 3 ZIP codes and it is located in San Juan county. The lowest prices are found in ZIP 87401, while the highest are in ZIP 87402. The average price per sqare feet is $124. Our analysis is based on 19 property listings.

Avergage prices by ZIP codes Farmington

87401118 $ / ft²
87402137 $ / ft²
87499114 $ / ft²




Historical development of home values in Farmington

Year Estimated value (USD) Change vs. 2025
2010 $116,828 -53.6%
2011 $112,310 -55.4%
2012 $112,008 -55.5%
2013 $116,195 -53.8%
2014 $121,972 -51.5%
2015 $128,232 -49.0%
2016 $134,924 -46.4%
2017 $142,207 -43.5%
2018 $150,069 -40.3%
2019 $157,027 -37.6%
2020 $165,145 -34.4%
2021 $187,834 -25.3%
2022 $218,973 -13.0%
2023 $230,917 -8.2%
2024 $244,276 -2.9%
2025 $251,558 0.0%

Graph: estimated home values in Farmington over time (USD)



Example: 100% financing house in Farmington

Loan amount: $251,558

Interest rate: 6.00%

Fixed monthly payment: $1,508.22

Breakdown in the 1st month:
Interest portion: $1,257.79  –  Principal portion: $250.43

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $15,009.45 $3,089.16 $248,468.84
2 $14,818.91 $3,279.69 $245,189.14
3 $14,616.63 $3,481.98 $241,707.17
4 $14,401.87 $3,696.74 $238,010.43
5 $14,173.86 $3,924.75 $234,085.68
6 $13,931.79 $4,166.82 $229,918.86
7 $13,674.79 $4,423.82 $225,495.05
8 $13,401.94 $4,696.67 $220,798.38
9 $13,112.26 $4,986.35 $215,812.03
10 $12,804.71 $5,293.89 $210,518.14
11 $12,478.20 $5,620.41 $204,897.73
12 $12,131.54 $5,967.07 $198,930.66
13 $11,763.51 $6,335.10 $192,595.56
14 $11,372.77 $6,725.84 $185,869.72
15 $10,957.94 $7,140.67 $178,729.05
16 $10,517.52 $7,581.09 $171,147.96
17 $10,049.93 $8,048.68 $163,099.28
18 $9,553.51 $8,545.10 $154,554.18
19 $9,026.46 $9,072.14 $145,482.04
20 $8,466.91 $9,631.70 $135,850.34
21 $7,872.85 $10,225.76 $125,624.58
22 $7,242.15 $10,856.46 $114,768.13
23 $6,572.55 $11,526.06 $103,242.06
24 $5,861.64 $12,236.96 $91,005.10
25 $5,106.89 $12,991.71 $78,013.39
26 $4,305.59 $13,793.01 $64,220.37
27 $3,454.87 $14,643.74 $49,576.64
28 $2,551.68 $15,546.93 $34,029.71
29 $1,592.78 $16,505.83 $17,523.87
30 $574.73 $17,523.87 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Farmington, NM


1500 sqft3900 sqft
Ø selling price$225,061$478,765
Ø fast selling$204,601$430,888
Ø high price sale$245,521$526,641

In 2026, houses in Farmington, NM will be offered at an average price of $124 per square foot. A 1,500 sqft home priced at $225,061 is 23.92% more expensive per square foot than a 3,900 sqft home priced at $478,765. Home prices in Farmington, NM vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $331,452. Sellers who can wait longer may achieve a higher price of up to $405,109.


Farmington, NM Travel Guide

Overview

Farmington, New Mexico is a vibrant hub in the Four Corners region with easy access to outdoor adventures.
Located where the San Juan, Animas, and La Plata rivers meet, the city blends desert beauty with riverfront charm.
Travelers choose Farmington, NM for its mix of culture, history, and affordable lodging.

Things to Do and Nearby Attractions

Top things to do include fly-fishing the San Juan River Quality Waters, hiking and photography at the otherworldly Bisti/De-Na-Zin Wilderness, and mountain biking on desert singletrack.
Day trips reach Four Corners Monument, Navajo Nation cultural sites, and the scenic Aztec Ruins National Monument.
Golf, off-roading, and boating at nearby Navajo Lake add year-round recreation for families and adventure seekers.

Community and Events

A regional center for energy, retail, and healthcare, Farmington balances its oil-and-gas heritage with growing outdoor and cultural tourism.
Historic downtown features murals, local restaurants, breweries, and events like Riverfest and the Connie Mack World Series that draw visitors each year.

When to Visit and Planning

With sunny high-desert weather, mild winters, and big-sky sunsets, the city is ideal for road trips and extended stays.
Plan your Farmington, New Mexico travel with practical tips on hotels, trails, maps, and family-friendly attractions to make the most of your visit.



FAQ – Home Values in Farmington

What is the median home value in Farmington in 2026?

In 2026, the typical home value in Farmington is about $251,558 for an average home size of 2035 square feet. This corresponds to an average price of roughly $124 per square foot.

What is the average cost per square foot in Farmington?

In 2026, homes in Farmington sell for an average of around $124 per square foot, with a typical range between $113 and $128 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Farmington is about 2035 square feet, with an estimated 2026 value around $251,558.



Locations close to Farmington, NM

Santa Fe, NM318 $ / ft²
Abiquiu, NM272 $ / ft²
Alcalde, NM126 $ / ft²
Sanostee, NM127 $ / ft²
Newcomb, NM122 $ / ft²
Waterflow, NM124 $ / ft²
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