Home New mexico real estate Areas with the most expensive homes near Albuquerque

Areas with the most expensive homes near Albuquerque

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(STACKER) – Buying a home is one of the most important investments there is. More than a place to live, home ownership is an asset whose value can increase considerably. Given the current state of the real estate market, housing affordability plays a key role for buyers. As of May 4, 2022, the 30-year fixed mortgage rate was 5.73%. Due to the general rise in mortgage rates, house prices have increased significantly. According to the National Association of Realtors, the national median home price is $375,300, up from just over $356,000 this time last year.

Although home prices have been inflating across the United States, there are definitely some areas that are priced higher than others. Location, size, age and condition are all factors that contribute to home value. Whether you choose to put your home buying plans on hold in the hope that the market will cool down or you are looking to buy as soon as possible, it is good to find out about the market in different cities.

Stacker compiled a list of cities with the most expensive homes in Albuquerque using data from Zillow. Cities are ranked by the Zillow Home Values ​​Index for all homes as of March 2022. Cities with at least three years of historical data were included. The graphs in this story were created automatically using Matplotlib.

#24. Estancia, New Mexico

– Typical home value: $137,610
– Price variation over 1 year: +8.4%
– Price variation over 5 years: +43.4%

#23. Moriarty, New Mexico

– Typical home value: $151,128
– Price variation over 1 year: +14.6%
– Price variation over 5 years: +42.8%

#22. Belen, New Mexico

– Typical home value: $168,266
– Price change over 1 year: +26.0%
– Price variation over 5 years: +66.9%

#21. Jarales, New Mexico

– Typical home value: $193,665
– Price change over 1 year: +23.0%
– Price variation over 5 years: +61.9%

#20. Cuba, New Mexico

– Typical home value: $227,564
– Price variation over 1 year: +24.8%
– Price variation over 5 years: +36.7%

#19. Pena Blanca, New Mexico

– Typical home value: $234,829
– Price variation over 1 year: +12.6%
– Price change over 5 years: +51.0%

#18. South Valley, New Mexico

– Typical home value: $239,512
– Price variation over 1 year: +20.8%
– Price variation over 5 years: +69.6%

#17. Los Lunas, New Mexico

– Typical value of a house: $241,628
– Price variation over 1 year: +23.2%
– Price variation over 5 years: +65.6%

#16. Lake Cochiti, New Mexico

– Typical home value: $257,288
– Price variation over 1 year: +31.6%
– Price variation over 5 years: +70.6%

#15. Carnuel, New Mexico

– Typical home value: $279,679
– Price variation over 1 year: +17.2%
– Price variation over 5 years: +62.9%

#14. Jemez Springs, New Mexico

– Typical home value: $281,731
– Price variation over 1 year: +22.0%
– Price variation over 5 years: +61.6%

#13. Peralta, New Mexico

– Typical home value: $295,143
– Price variation over 1 year: +24.4%
– Price variation over 5 years: +66.7%

#12. Albuquerque, New Mexico

– Typical home value: $296,671
– Price variation over 1 year: +19.4%
– Price variation over 5 years: +57.2%

#11. Rio Rancho, New Mexico

– Typical home value: $305,987
– Price variation over 1 year: +23.6%
– Price variation over 5 years: +68.6%

#ten. Bernalillo, New Mexico

– Typical value of a house: $316,446
– Price variation over 1 year: +26.9%
– Price variation over 5 years: +63.7%

#9. Bosque Farms, New Mexico

– Typical home value: $335,910
– Price variation over 1 year: +21.3%
– Price change over 5 years: +59.0%

#8. Algodones, New Mexico

– Typical home value: $342,886
– Price variation over 1 year: +22.8%
– Price variation over 5 years: +56.5%

#7. North Valley, New Mexico

– Typical home value: $357,250
– Price variation over 1 year: +19.4%
– Price variation over 5 years: +57.8%

#6. Tijeras, New Mexico

– Typical home value: $383,327
– Price variation over 1 year: +15.5%
– Price variation over 5 years: +59.8%

#5. Cedar Crest, New Mexico

– Typical home value: $413,992
– Price variation over 1 year: +17.6%
– Price variation over 5 years: +57.3%

#4. Sandia Park, New Mexico

– Typical value of a house: $446,630
– Price variation over 1 year: +15.6%
– Price variation over 5 years: +55.4%

#3. Placitas, New Mexico

– Typical home value: $595,169
– Price variation over 1 year: +15.0%
– Price change over 5 years: +56.0%

#2. Los Ranchos de Albuquerque, New Mexico

– Typical value of a house: $604,513
– Price variation over 1 year: +18.6%
– Price variation over 5 years: +46.1%

#1. Corrales, New Mexico

– Typical home value: $627,993
– Price variation over 1 year: +20.4%
– Price variation over 5 years: +59.8%