Farmington, NM

Metro area in New Mexico · Updated Jan 2026

12-Month Forecast ↑ +1.7%

Median Home Value

$260,435

↑ +2.2%

Year-over-year

Median Rent

$1,439/mo

↑ +5.3%

Year-over-year

Rental Yield

6.6%

Excellent for investors

5-Year Appreciation

+34.3%

Income Needed to Buy

$63,131

20% down, 30% DTI max

Active Listings

199

For-sale inventory

Price-to-Rent Ratio

15.1

Neutral market

Price Forecast

1 Month

↑ +0.7%

3 Months

↑ +1.3%

12 Months

↑ +1.7%

5-Year Price Trend

Calculate your mortgage for Farmington, NM

See monthly payments for a $260,435 home →

Should you rent or buy in Farmington, NM?

Price-to-rent ratio: 15.1x — It depends on your timeline. Run a full breakeven analysis with Farmington, NM numbers pre-filled →

Frequently Asked Questions