Home values in New Mexico have taken off—and the Zillow Home Value Index shows just how far they’ve climbed. As of April 2025, these 19 towns rank as the most expensive places to buy a home in the state. Some are tourist magnets, others retirement favorites, but most are small, scenic communities where demand keeps rising and homes are in short supply.
What makes these markets stand out isn’t just the price tags—it’s the momentum. Some towns have doubled in value over the past five years. Others have quietly climbed year after year, outpacing the state average and leaving affordability behind. Whether you’re a buyer, investor, or just housing-curious, these towns show where New Mexico’s real estate heat is burning hottest.
19. Abiquiu – 53% Home Price Increase Since 2018
- 2010: N/A
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- 2016: N/A
- 2017: N/A
- 2018: $271,745
- 2019: $274,310 (+$2,565, +0.94% from previous year)
- 2020: N/A
- 2021: $361,166 (+$86,856, +31.66% from previous year)
- 2022: $406,258 (+$45,092, +12.49% from previous year)
- 2023: $393,051 (-$13,207, -3.25% from previous year)
- 2024: $403,004 (+$9,953, +2.53% from previous year)
- 2025: $415,911 (+$12,907, +3.20% from previous year)
Home prices in Abiquiu have jumped 53% since 2018, reflecting growing interest in rural Northern New Mexico. Despite a small dip in 2023, the market has regained momentum, ending at over $415,000 in 2025. Most of the increase occurred between 2020 and 2022, driven by high pandemic-era demand for scenic, low-density properties.
Abiquiu – Rising Demand for Remote Living
Abiquiu, best known for its connection to artist Georgia O’Keeffe, is a remote village northwest of Santa Fe with jaw-dropping desert views and a peaceful lifestyle. With few major developments and plenty of open space, it’s become a popular spot for those seeking solitude or second homes with views of the Chama River and surrounding mesas. Despite limited services, the town’s unique cultural character and landscape keep demand high.
The sharp appreciation in 2021 and 2022 tracks with national trends where buyers looked for space, beauty, and lifestyle — especially in the Southwest. Limited housing stock and seasonal interest from out-of-state buyers have helped support prices, even as the broader market stabilized. For investors or retirees with flexibility, Abiquiu continues to attract attention at the top end of rural real estate.
18. Bosque Farms – 132% Home Price Increase Since 2010
- 2010: $184,331
- 2011: $170,963 (-$13,367, -7.25% from previous year)
- 2012: $166,913 (-$4,051, -2.37% from previous year)
- 2013: $166,938 (+$25, +0.02% from previous year)
- 2014: $185,201 (+$18,263, +10.94% from previous year)
- 2015: $212,557 (+$27,356, +14.77% from previous year)
- 2016: $205,781 (-$6,776, -3.19% from previous year)
- 2017: $209,567 (+$3,786, +1.84% from previous year)
- 2018: $219,144 (+$9,577, +4.57% from previous year)
- 2019: $244,435 (+$25,291, +11.54% from previous year)
- 2020: N/A
- 2021: $320,112 (+$75,677, +30.96% from previous year)
- 2022: $367,795 (+$47,683, +14.90% from previous year)
- 2023: $377,855 (+$10,060, +2.74% from previous year)
- 2024: $413,366 (+$35,511, +9.40% from previous year)
- 2025: $428,614 (+$15,248, +3.69% from previous year)
Since 2010, home values in Bosque Farms have climbed by a staggering 132%. Much of the increase has come in just the past five years, where prices jumped from under $245K in 2019 to over $428K by 2025. The post-pandemic era accelerated demand, pushing values up sharply across the Albuquerque metro fringe.
Bosque Farms – Rural Charm Close to the City
Located about 20 miles south of Albuquerque, Bosque Farms offers rural tranquility with quick city access. This makes it a desirable choice for commuters who want land, horses, or space without sacrificing convenience. The village’s agricultural zoning and open lots appeal to buyers seeking a quieter lifestyle near the Rio Grande corridor.
Steady growth in the Albuquerque job market, combined with low inventory, has driven values higher. The village also benefits from strong school ratings and proximity to services in Los Lunas and Albuquerque. As more buyers look beyond city limits, places like Bosque Farms continue to attract both families and retirees looking for value with elbow room.
17. Tijeras – 85% Home Price Increase Since 2010
- 2010: $233,034
- 2011: $220,363 (-$12,671, -5.44% from previous year)
- 2012: $212,588 (-$7,775, -3.53% from previous year)
- 2013: $216,279 (+$3,691, +1.74% from previous year)
- 2014: $217,219 (+$940, +0.43% from previous year)
- 2015: $225,698 (+$8,479, +3.90% from previous year)
- 2016: $229,847 (+$4,149, +1.84% from previous year)
- 2017: $239,318 (+$9,471, +4.12% from previous year)
- 2018: $250,739 (+$11,421, +4.77% from previous year)
- 2019: $266,606 (+$15,867, +6.33% from previous year)
- 2020: N/A
- 2021: $338,472 (+$71,866, +26.96% from previous year)
- 2022: $391,754 (+$53,282, +15.74% from previous year)
- 2023: $395,531 (+$3,777, +0.96% from previous year)
- 2024: $419,332 (+$23,801, +6.02% from previous year)
- 2025: $431,395 (+$12,063, +2.88% from previous year)
Since 2010, Tijeras has seen home prices climb by 85%, with the bulk of that growth coming after 2019. The town’s home values crossed the $430,000 mark in 2025, signaling sustained interest in this wooded community just east of Albuquerque.
Tijeras – Mountain Living Minutes from the City
Tijeras sits at the base of the Sandia Mountains, offering a unique blend of pine forest serenity and city access. With just a short drive to Albuquerque via I-40, residents enjoy the perks of mountain air and privacy while staying within commuting distance of major employers and services. Hiking, biking, and scenic views are part of everyday life here.
This area’s appeal soared after 2020, when outdoor space became a top priority for buyers. The price surge in 2021 aligns with broader regional trends, as families looked beyond dense suburbs for more open space. Supply remains tight, which has helped support continued appreciation in home values even as other markets cool slightly.
16. Red River – No Historical Data Before 2024
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- 2024: $436,109
- 2025: $433,435 (-$2,674, -0.61% from previous year)
Data for Red River begins only in 2024, making long-term trend analysis difficult. However, the town debuted with a median home value of $436,109 in 2024 and held mostly steady into 2025. The slight dip of 0.6% year-over-year is modest and not indicative of a broader decline without more data.
Red River – High Altitude with Year-Round Appeal
Red River is a resort town nestled in the Sangre de Cristo Mountains of northern New Mexico. It’s known for its ski slopes, alpine trails, and vibrant year-round tourism economy. Unlike more suburban markets, Red River’s real estate is shaped by second-home buyers, short-term rentals, and seasonal investors who drive prices based on demand cycles.
The town’s relatively high home prices reflect its desirability for recreation, as well as limited buildable land. While data is sparse, its inclusion among New Mexico’s most expensive towns underscores the growing appeal of mountain communities for both lifestyle seekers and vacation rental owners. As remote work continues, towns like Red River are likely to remain hot spots for premium property values.
15. Ranchos de Taos – 69% Home Price Increase Since 2012
- 2010: N/A
- 2011: N/A
- 2012: $256,879
- 2013: $259,930 (+$3,052, +1.19% from previous year)
- 2014: $269,952 (+$10,022, +3.86% from previous year)
- 2015: $266,429 (-$3,524, -1.31% from previous year)
- 2016: $295,168 (+$28,739, +10.79% from previous year)
- 2017: $292,001 (-$3,167, -1.07% from previous year)
- 2018: $305,777 (+$13,776, +4.72% from previous year)
- 2019: $316,171 (+$10,394, +3.40% from previous year)
- 2020: N/A
- 2021: $383,096 (+$66,925, +21.17% from previous year)
- 2022: $423,200 (+$40,104, +10.47% from previous year)
- 2023: $446,679 (+$23,479, +5.55% from previous year)
- 2024: $444,612 (-$2,067, -0.46% from previous year)
- 2025: $434,467 (-$10,145, -2.28% from previous year)
Ranchos de Taos has experienced a 69% increase in home values since 2012, despite recent softening in 2024 and 2025. After peaking in 2023, prices dipped slightly, reflecting a broader market cooldown. Even so, homes remain far above pre-2020 levels, holding strong above $430,000.
Ranchos de Taos – Artistic Heritage Meets Elevated Pricing
Just south of Taos, Ranchos de Taos is famous for its historic adobe architecture and tranquil setting in the northern Rio Grande Valley. The iconic San Francisco de Asís Mission Church is a local landmark and popular photography subject, anchoring a town that blends history, art, and culture. These attributes have long made the area desirable to artists, retirees, and second-home buyers alike.
Price increases were especially strong after 2020, driven by tight supply and ongoing buyer interest in the broader Taos region. With limited land availability and high desirability, the area has become one of northern New Mexico’s most sought-after real estate markets. Recent price dips may reflect seasonality or buyer fatigue, but overall values remain historically high.
14. Cedar Crest – 83% Home Price Increase Since 2010
- 2010: $245,729
- 2011: $233,957 (-$11,772, -4.79% from previous year)
- 2012: $224,386 (-$9,571, -4.09% from previous year)
- 2013: $229,069 (+$4,683, +2.09% from previous year)
- 2014: $232,525 (+$3,455, +1.51% from previous year)
- 2015: $240,011 (+$7,486, +3.22% from previous year)
- 2016: $246,206 (+$6,196, +2.58% from previous year)
- 2017: $253,887 (+$7,680, +3.12% from previous year)
- 2018: $266,099 (+$12,212, +4.81% from previous year)
- 2019: $285,651 (+$19,552, +7.35% from previous year)
- 2020: N/A
- 2021: $352,884 (+$67,233, +23.54% from previous year)
- 2022: $409,457 (+$56,573, +16.03% from previous year)
- 2023: $416,363 (+$6,906, +1.69% from previous year)
- 2024: $443,429 (+$27,066, +6.50% from previous year)
- 2025: $451,016 (+$7,587, +1.71% from previous year)
Home values in Cedar Crest have climbed 83% since 2010, with a particularly strong surge since 2020. After years of modest growth, prices jumped in 2021 and have continued to rise, reaching over $451,000 in 2025. The growth reflects increasing demand for mountain-adjacent homes within commuting range of Albuquerque.
Cedar Crest – Forested Living Near the Metro
Located in the foothills of the Sandia Mountains, Cedar Crest offers a forested lifestyle just a short drive from Albuquerque via the scenic Turquoise Trail. Residents enjoy cool mountain air, hiking access, and a laid-back pace without being isolated. The town is popular with both retirees and families looking to escape the heat and density of the city.
The housing market here gained serious momentum in 2021, likely fueled by remote work flexibility and lifestyle changes during the pandemic. With limited buildable land and consistent demand, Cedar Crest home prices have remained elevated. The blend of nature, proximity to urban jobs, and rising statewide home values has kept this community firmly among New Mexico’s more expensive options.
13. Taos – 66% Home Price Increase Since 2012
- 2010: N/A
- 2011: N/A
- 2012: $274,397
- 2013: $299,312 (+$24,915, +9.08% from previous year)
- 2014: $310,321 (+$11,010, +3.68% from previous year)
- 2015: $306,813 (-$3,509, -1.13% from previous year)
- 2016: $340,040 (+$33,227, +10.83% from previous year)
- 2017: $356,060 (+$16,019, +4.71% from previous year)
- 2018: $368,564 (+$12,504, +3.51% from previous year)
- 2019: $373,931 (+$5,367, +1.46% from previous year)
- 2020: N/A
- 2021: $460,238 (+$86,307, +23.08% from previous year)
- 2022: $516,890 (+$56,652, +12.31% from previous year)
- 2023: $535,799 (+$18,909, +3.66% from previous year)
- 2024: $489,120 (-$46,679, -8.71% from previous year)
- 2025: $456,357 (-$32,763, -6.70% from previous year)
Taos home prices have increased 66% since 2012, with much of that growth happening between 2016 and 2022. Prices peaked in 2023 before falling for two consecutive years, though they still remain substantially higher than a decade ago. The recent correction reflects market cooling after a historic run-up.
Taos – Creative Capital with Pricey Property
Taos is known nationwide for its art scene, Pueblo history, and proximity to skiing and the Rio Grande Gorge. It’s one of the most culturally rich small towns in the Southwest, and that reputation keeps home prices higher than most of rural New Mexico. Many properties are owned by part-time residents, artists, and retirees drawn to the area’s lifestyle and landscape.
From 2020 to 2022, a surge in demand — especially from out-of-state buyers — pushed values to new highs. Now, with higher interest rates and some buyer pullback, prices have dipped but remain well above pre-2020 levels. Taos continues to attract attention thanks to its identity, walkable downtown, and access to outdoor activities in all seasons.
12. Angel Fire – 119% Home Price Increase Since 2010
- 2010: $236,523
- 2011: $222,880 (-$13,643, -5.77% from previous year)
- 2012: $223,906 (+$1,026, +0.46% from previous year)
- 2013: $243,615 (+$19,709, +8.80% from previous year)
- 2014: $254,445 (+$10,830, +4.45% from previous year)
- 2015: $262,313 (+$7,868, +3.09% from previous year)
- 2016: $258,238 (-$4,075, -1.55% from previous year)
- 2017: $258,116 (-$123, -0.05% from previous year)
- 2018: $275,431 (+$17,315, +6.71% from previous year)
- 2019: $287,478 (+$12,047, +4.37% from previous year)
- 2020: N/A
- 2021: $362,598 (+$75,119, +26.13% from previous year)
- 2022: $471,861 (+$109,264, +30.13% from previous year)
- 2023: $476,252 (+$4,391, +0.93% from previous year)
- 2024: $501,550 (+$25,297, +5.31% from previous year)
- 2025: $518,266 (+$16,716, +3.33% from previous year)
Angel Fire home prices have more than doubled since 2010, with a 119% increase over the period. The most dramatic growth occurred from 2020 to 2022, coinciding with broader national demand for vacation properties. Prices remain strong, with consistent growth into 2025.
Angel Fire – Ski Resort Community with Strong Appeal
Angel Fire is one of New Mexico’s top ski towns, nestled in the Moreno Valley of the Sangre de Cristo Mountains. The village draws tourists and second-home buyers year-round thanks to its ski slopes, golf course, and summer mountain biking trails. Its real estate market is shaped more by tourism and seasonal use than primary residences.
During the post-pandemic housing boom, Angel Fire saw an influx of remote workers and retirees purchasing mountain homes. Low inventory and consistent recreational demand have helped prices stay elevated. With its year-round lifestyle and resort infrastructure, Angel Fire continues to rank among the state’s highest-priced housing markets.
11. El Prado – 83% Home Price Increase Since 2012
- 2010: N/A
- 2011: N/A
- 2012: $285,616
- 2013: $283,495 (-$2,121, -0.74% from previous year)
- 2014: $293,763 (+$10,268, +3.62% from previous year)
- 2015: $305,078 (+$11,315, +3.85% from previous year)
- 2016: $335,894 (+$30,816, +10.10% from previous year)
- 2017: $345,787 (+$9,893, +2.95% from previous year)
- 2018: $361,899 (+$16,113, +4.66% from previous year)
- 2019: $376,980 (+$15,081, +4.17% from previous year)
- 2020: N/A
- 2021: $465,049 (+$88,069, +23.36% from previous year)
- 2022: $514,652 (+$49,603, +10.67% from previous year)
- 2023: $557,307 (+$42,655, +8.29% from previous year)
- 2024: $533,301 (-$24,006, -4.31% from previous year)
- 2025: $523,508 (-$9,793, -1.84% from previous year)
El Prado home values have grown 83% since 2012, with a huge jump during the post-2020 housing surge. Prices peaked in 2023 and have since cooled slightly, but they remain substantially above pre-pandemic levels.
El Prado – Artistic Enclave on the Edge of Taos
Located just north of Taos, El Prado shares in the cultural richness of its neighboring town but offers more open space and larger lots. It’s long been a favorite among artists, craftspeople, and alternative lifestyle seekers. Homes here range from adobe bungalows to eco-conscious dwellings with stunning views of the Sangre de Cristo Mountains.
During the early 2020s, buyer demand surged, especially among remote workers and part-time residents. With limited supply and high appeal, prices soared. The recent softening may reflect a return to seasonal normalcy, but El Prado’s reputation as an artsy high-altitude retreat ensures continued interest from well-heeled buyers.
10. Sandia Park – 77% Home Price Increase Since 2010
- 2010: $298,801
- 2011: $279,420 (-$19,381, -6.49% from previous year)
- 2012: $266,696 (-$12,724, -4.55% from previous year)
- 2013: $274,108 (+$7,412, +2.78% from previous year)
- 2014: $279,690 (+$5,582, +2.04% from previous year)
- 2015: $286,969 (+$7,279, +2.60% from previous year)
- 2016: $289,391 (+$2,422, +0.84% from previous year)
- 2017: $302,570 (+$13,179, +4.55% from previous year)
- 2018: $311,494 (+$8,924, +2.95% from previous year)
- 2019: $335,017 (+$23,523, +7.55% from previous year)
- 2020: N/A
- 2021: $426,547 (+$91,530, +27.32% from previous year)
- 2022: $490,116 (+$63,569, +14.90% from previous year)
- 2023: $491,373 (+$1,257, +0.26% from previous year)
- 2024: $515,219 (+$23,846, +4.85% from previous year)
- 2025: $529,394 (+$14,175, +2.75% from previous year)
Sandia Park has seen a 77% rise in home prices since 2010, with most of the acceleration occurring post-2019. Between 2020 and 2022, prices rose by nearly $165,000, driven by surging demand for mountain-adjacent properties. The market has remained strong into 2025, with values now above $529,000.
Sandia Park – Scenic and Secluded, Yet Surprisingly Connected
Sandia Park sits along the eastern flank of the Sandia Mountains, offering a mix of mountain charm and access to Albuquerque just 30 minutes away. It’s popular with buyers looking for a rural feel without being remote, especially those drawn to outdoor lifestyles. The area is served by the scenic Turquoise Trail and includes access to Cibola National Forest, which adds appeal for hikers, cyclists, and nature enthusiasts. Because many lots are larger and tucked into the forested hills, homes here offer a feeling of seclusion that suburban buyers crave — especially in the post-2020 housing environment.
Home prices in Sandia Park skyrocketed after 2020 as urban dwellers looked to trade crowded neighborhoods for mountain views and breathing room. The 27% jump in 2021 alone reflects that intense buyer interest. Unlike some seasonal resort towns, Sandia Park has a steady population and growing year-round appeal. The community attracts families, retirees, and telecommuters alike, thanks to strong schools nearby and a relatively short commute to jobs and healthcare services in Albuquerque. Continued low inventory and zoning restrictions have kept supply tight, supporting sustained growth even as interest rates cooled demand in other parts of the state.
9. Taos Ski Valley – No Historical Data Before 2024
- 2010: N/A
- 2011: N/A
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- 2015: N/A
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- 2024: $545,944
- 2025: $561,064 (+$15,119, +2.77% from previous year)
Data for Taos Ski Valley begins in 2024, when the median home value stood at nearly $546,000. By 2025, prices had increased to over $561,000 — a 2.77% year-over-year gain. While limited in historical scope, these figures already place it among the most expensive housing markets in the state.
Taos Ski Valley – Elite Elevation with Exclusive Pricing
Taos Ski Valley is one of the highest-altitude towns in the United States, sitting at over 9,000 feet in elevation. It’s home to New Mexico’s premier ski resort, which draws winter tourists from across the country and supports a niche real estate market focused on luxury and investment properties. Most homes here are high-end vacation houses, condos, or chalets that cater to second-home owners and high-income buyers looking for premium alpine experiences. The village is small in population but outsized in market value, with limited housing inventory and extremely high demand during ski season.
Real estate in Taos Ski Valley is driven by lifestyle and scarcity. There are few buildable lots, and strict zoning ensures that the area retains its upscale, low-density feel. Unlike many other towns in the state, the local economy here revolves almost entirely around tourism, particularly in the winter months. While we don’t yet have long-term data, the town’s entry into the Zillow Home Value Index with such a high median price confirms its status as a luxury enclave. As ski tourism continues to thrive, values in this area are likely to remain stable or even rise further — especially if short-term rental demand holds strong.
8. Alto – 64% Home Price Increase Since 2010
- 2010: $343,204
- 2011: $323,314 (-$19,891, -5.80% from previous year)
- 2012: $326,515 (+$3,201, +0.99% from previous year)
- 2013: $343,368 (+$16,853, +5.16% from previous year)
- 2014: $354,401 (+$11,033, +3.21% from previous year)
- 2015: $370,919 (+$16,518, +4.66% from previous year)
- 2016: $359,866 (-$11,053, -2.98% from previous year)
- 2017: $362,999 (+$3,132, +0.87% from previous year)
- 2018: $385,699 (+$22,700, +6.25% from previous year)
- 2019: $382,991 (-$2,707, -0.70% from previous year)
- 2020: N/A
- 2021: $460,956 (+$77,965, +20.36% from previous year)
- 2022: $517,544 (+$56,588, +12.28% from previous year)
- 2023: $549,334 (+$31,790, +6.14% from previous year)
- 2024: $568,137 (+$18,803, +3.42% from previous year)
- 2025: $562,987 (-$5,150, -0.91% from previous year)
Alto’s home values have grown by 64% since 2010, with much of that surge happening after 2020. Between 2021 and 2023 alone, prices increased by nearly $90,000. While the market dipped slightly in 2025, home values remain among the highest in the state.
Alto – Resort-Like Living in the Southern Mountains
Alto is located in Lincoln County, just north of the popular tourist town of Ruidoso. Known for its scenic alpine setting, golf resorts, and proximity to outdoor attractions, Alto draws homebuyers looking for a mountain lifestyle without the bustle of larger resort areas. It’s also home to the Alto Lakes Golf & Country Club, which gives the area a distinctly resort-like character that appeals to both seasonal and full-time residents. Many homes in the community are custom-built with views of the Sierra Blanca mountains, and some are situated directly along the fairways and lakes.
Post-2020, the community saw an influx of buyers from urban Texas and Arizona seeking second homes or remote work-friendly escapes. The increase in demand collided with low inventory, sending prices up sharply — particularly in 2021 and 2022. Even with a slight dip in 2025, values remain high due to the community’s desirable setting and steady seasonal appeal. The area’s relatively high elevation and access to hiking, skiing, and cultural amenities in Ruidoso continue to make Alto one of New Mexico’s most desirable high-end housing markets.
7. Santa Fe – 87% Home Price Increase Since 2010
- 2010: $316,157
- 2011: $294,465 (-$21,692, -6.86% from previous year)
- 2012: $280,997 (-$13,468, -4.57% from previous year)
- 2013: $285,351 (+$4,353, +1.55% from previous year)
- 2014: $298,804 (+$13,453, +4.71% from previous year)
- 2015: $304,868 (+$6,065, +2.03% from previous year)
- 2016: $316,653 (+$11,785, +3.87% from previous year)
- 2017: $335,430 (+$18,777, +5.93% from previous year)
- 2018: $355,630 (+$20,200, +6.02% from previous year)
- 2019: $387,383 (+$31,752, +8.93% from previous year)
- 2020: N/A
- 2021: $485,984 (+$98,602, +25.45% from previous year)
- 2022: $557,939 (+$71,954, +14.81% from previous year)
- 2023: $564,726 (+$6,788, +1.22% from previous year)
- 2024: $588,439 (+$23,712, +4.20% from previous year)
- 2025: $590,132 (+$1,693, +0.29% from previous year)
Santa Fe’s home prices have risen 87% since 2010, reflecting one of the strongest long-term markets in New Mexico. The biggest jump came in 2021, when home values shot up nearly $100,000 in a single year. Since then, growth has slowed but stayed positive, with 2025 values nearing $600,000.
Santa Fe – A Cultural Capital with Premium Prices
Santa Fe is widely regarded as one of the most desirable places to live in the American Southwest. The city’s rich blend of Pueblo architecture, international art scene, and centuries-old history make it a magnet for homebuyers across the country. As the state capital and a major cultural hub, Santa Fe offers a rare mix of government stability, tourism, and creative energy — all of which help support high property values. Its historic downtown, walkable neighborhoods, and high-end restaurants attract buyers willing to pay top dollar for homes with character and location.
Housing supply in Santa Fe is limited by topography, zoning, and preservation rules, making it difficult to build at scale. This has kept inventory tight, even as demand continues to grow. Post-pandemic, the city saw a major influx of buyers from coastal cities looking for second homes or permanent moves, which drove prices sharply upward. While the pace of appreciation has slowed, the city’s long-term outlook remains strong. Santa Fe combines livability, prestige, and investment appeal in a way that few other mid-sized U.S. cities can match.
6. Los Alamos – 96% Home Price Increase Since 2010
- 2010: $303,687
- 2011: $278,891 (-$24,796, -8.17% from previous year)
- 2012: $265,118 (-$13,773, -4.94% from previous year)
- 2013: $263,106 (-$2,012, -0.76% from previous year)
- 2014: $256,182 (-$6,924, -2.63% from previous year)
- 2015: $251,499 (-$4,683, -1.83% from previous year)
- 2016: $259,038 (+$7,539, +3.00% from previous year)
- 2017: $286,813 (+$27,776, +10.72% from previous year)
- 2018: $326,463 (+$39,650, +13.82% from previous year)
- 2019: $353,266 (+$26,802, +8.21% from previous year)
- 2020: N/A
- 2021: $458,894 (+$105,629, +29.90% from previous year)
- 2022: $500,230 (+$41,335, +9.01% from previous year)
- 2023: $510,761 (+$10,532, +2.11% from previous year)
- 2024: $564,823 (+$54,062, +10.58% from previous year)
- 2025: $596,317 (+$31,494, +5.58% from previous year)
Los Alamos home prices have climbed 96% since 2010, with sharp increases from 2017 onward. The town’s strongest growth occurred between 2020 and 2024, adding over $200,000 in value during that span. Prices remain high in 2025, reaching nearly $600,000 — the sixth-highest in the state.
Los Alamos – Science, Stability, and Soaring Prices
Home to the Los Alamos National Laboratory, this town is anything but ordinary. Its economy is built on science, government contracts, and some of the highest per-capita incomes in New Mexico. With a highly educated workforce and low unemployment, Los Alamos enjoys economic stability that translates directly into housing demand. It’s not just lab employees driving the market — the area also appeals to families and retirees who want safety, scenery, and quality schools.
Housing in Los Alamos is limited by geography, surrounded by national forest and steep terrain. New construction is scarce, and most homes are mid-century modern or contemporary infill. With inventory tight and demand steady, prices have steadily risen over the years, with a particularly large spike after 2020. Unlike vacation-driven markets, Los Alamos is powered by full-time residents and a steady influx of STEM talent. The result is a housing market that’s both expensive and resilient, with values that continue to rise even as statewide trends flatten.
5. Arroyo Seco – No Historical Data Before 2024
- 2010: N/A
- 2011: N/A
- 2012: N/A
- 2013: N/A
- 2014: N/A
- 2015: N/A
- 2016: N/A
- 2017: N/A
- 2018: N/A
- 2019: N/A
- 2020: N/A
- 2021: N/A
- 2022: N/A
- 2023: N/A
- 2024: $640,010
- 2025: $653,736 (+$13,726, +2.14% from previous year)
Arroyo Seco entered Zillow’s dataset in 2024 with a home value of $640,010 and saw a modest increase to $653,736 by 2025. Although long-term historical data is unavailable, the town’s high starting value puts it among the most expensive markets in New Mexico. Its pricing suggests a strong combination of location, scarcity, and appeal to higher-income buyers.
Arroyo Seco – High Desert Prices in a Bohemian Setting
Located between Taos and Taos Ski Valley, Arroyo Seco is a compact, artistic village that blends mountain charm with creative energy. Though small, the community is known for its colorful adobe architecture, vibrant artisan scene, and sweeping views of the Sangre de Cristo Mountains. Its strategic location near major recreational destinations makes it especially attractive to second-home buyers and investors in short-term rentals. Unlike larger towns, Arroyo Seco has maintained its rural roots, with limited new development and a focus on preservation and authenticity.
Home prices here are supported by strong demand and very limited inventory. Many of the properties are custom or historic homes, and the lack of large subdivisions keeps supply tight. The town’s character — part alpine, part desert, entirely artistic — makes it one of the more unique and exclusive places to live in northern New Mexico. As nearby Taos continues to draw buyers, spillover demand for areas like Arroyo Seco is likely to keep prices elevated. It’s a high-end market without feeling commercial, which is exactly what its niche buyer base is looking for.
4. Placitas – 76% Home Price Increase Since 2014
- 2010: N/A
- 2011: N/A
- 2012: N/A
- 2013: N/A
- 2014: $372,925
- 2015: $368,566 (-$4,359, -1.17% from previous year)
- 2016: $380,637 (+$12,072, +3.28% from previous year)
- 2017: $390,337 (+$9,699, +2.55% from previous year)
- 2018: $407,670 (+$17,333, +4.44% from previous year)
- 2019: $422,011 (+$14,341, +3.52% from previous year)
- 2020: N/A
- 2021: $510,253 (+$88,242, +20.91% from previous year)
- 2022: $594,724 (+$84,471, +16.55% from previous year)
- 2023: $622,285 (+$27,561, +4.63% from previous year)
- 2024: $655,878 (+$33,594, +5.40% from previous year)
- 2025: $657,426 (+$1,548, +0.24% from previous year)
Placitas has seen a 76% increase in home values since 2014, climbing from $372,925 to $657,426 over 11 years. The steepest growth occurred between 2020 and 2022, during a time of unprecedented demand. While growth has slowed, the market remains steady, with 2025 values nearly unchanged from the year before.
Placitas – Wide Views and High Values Near Albuquerque
Placitas lies just northeast of Albuquerque and offers a high-desert living experience with panoramic views of the Sandia Mountains. Known for its mix of upscale adobe homes, artist enclaves, and large lots, the town has long been popular with retirees, telecommuters, and second-home owners. Its elevation and low population density provide a strong contrast to urban life just 20 minutes away. Residents are drawn to its wildlife corridors, local vineyards, and a strong sense of open space and tranquility.
The town has strict zoning and development policies that help preserve its character, but they also limit new housing supply. As demand rose post-2020, prices jumped significantly — a trend seen in other low-density, view-heavy markets across the Southwest. With its combination of scenery, exclusivity, and proximity to a major city, Placitas remains one of New Mexico’s most desirable and expensive residential destinations. It’s a place where privacy, scenery, and design all come at a premium — and buyers are still willing to pay it.
3. Los Ranchos de Albuquerque – 104% Home Price Increase Since 2010
- 2010: $333,545
- 2011: $345,823 (+$12,277, +3.68% from previous year)
- 2012: $336,469 (-$9,354, -2.70% from previous year)
- 2013: $348,130 (+$11,661, +3.47% from previous year)
- 2014: $368,938 (+$20,807, +5.98% from previous year)
- 2015: $380,053 (+$11,115, +3.01% from previous year)
- 2016: $390,485 (+$10,432, +2.74% from previous year)
- 2017: $400,150 (+$9,665, +2.48% from previous year)
- 2018: $406,155 (+$6,006, +1.50% from previous year)
- 2019: $422,429 (+$16,274, +4.01% from previous year)
- 2020: N/A
- 2021: $510,281 (+$87,852, +20.80% from previous year)
- 2022: $613,209 (+$102,928, +20.17% from previous year)
- 2023: $618,072 (+$4,864, +0.79% from previous year)
- 2024: $655,155 (+$37,083, +6.00% from previous year)
- 2025: $680,515 (+$25,360, +3.87% from previous year)
Home prices in Los Ranchos de Albuquerque have surged 104% since 2010. The area experienced particularly strong gains after 2020, with property values jumping over $200,000 between 2020 and 2025. Values remain on an upward trajectory, supported by both local demand and limited inventory.
Los Ranchos de Albuquerque – Albuquerque’s Greenbelt of Luxury
Los Ranchos is a semi-rural enclave just north of downtown Albuquerque known for large estates, horse properties, and mature cottonwood trees. The area is prized for its lush feel — thanks to Rio Grande irrigation — and quiet, upscale character. While technically within the greater Albuquerque metro, it feels worlds away from the bustle of the city. Residents enjoy privacy, green space, and access to high-end dining, markets, and events without leaving the area. The village also has strong community roots, with local ordinances protecting open space and historic farmland.
Real estate here has always been in high demand, but the market accelerated sharply in the 2020s. Buyers fleeing dense urban cores sought space and beauty, and Los Ranchos delivered. It’s now one of the most exclusive zip codes in the state, and rising property values reflect that. With zoning that limits overdevelopment and a growing preference for properties with land, Los Ranchos continues to offer a premium New Mexico living experience — at a premium price.
2. Corrales – 93% Home Price Increase Since 2014
- 2010: N/A
- 2011: N/A
- 2012: N/A
- 2013: N/A
- 2014: $356,320
- 2015: $365,972 (+$9,652, +2.71% from previous year)
- 2016: $372,934 (+$6,962, +1.90% from previous year)
- 2017: $388,490 (+$15,556, +4.17% from previous year)
- 2018: $407,625 (+$19,135, +4.93% from previous year)
- 2019: $427,095 (+$19,470, +4.78% from previous year)
- 2020: N/A
- 2021: $529,936 (+$102,841, +24.08% from previous year)
- 2022: $624,275 (+$94,338, +17.80% from previous year)
- 2023: $640,975 (+$16,700, +2.68% from previous year)
- 2024: $681,608 (+$40,633, +6.34% from previous year)
- 2025: $686,832 (+$5,224, +0.77% from previous year)
Since 2014, Corrales has experienced a 93% increase in home values, with the most intense gains arriving between 2020 and 2022. Median prices crossed the $600,000 mark in 2022 and have continued rising, albeit more slowly. As of 2025, values are holding strong above $686,000.
Corrales – Rural Sophistication in the Heart of the Metro
Corrales is a rare blend of rural charm and metropolitan proximity. Tucked between Albuquerque and Rio Rancho, it maintains a village feel with horse trails, vineyards, and a ban on commercial chain stores. Homes here tend to sit on large lots, often with views of the Sandia Mountains or nestled among cottonwoods near the Rio Grande. Residents value the town’s commitment to preserving its agrarian roots and natural beauty, making it a haven for professionals, artists, and retirees who want space and peace without being far from services.
The housing market here has thrived as Albuquerque’s west side expanded, creating greater awareness and demand for Corrales living. Large, custom homes dominate the listings, and strong building codes ensure aesthetic harmony and low density. While the price growth has slowed since 2022, the area’s desirability has not. Corrales offers something that’s increasingly rare in U.S. suburbs: authentic rural atmosphere within city reach — a combination that keeps its real estate firmly in the luxury tier.
1. Lamy – 96% Home Price Increase Since 2010
- 2010: $434,642
- 2011: $416,899 (-$17,743, -4.08% from previous year)
- 2012: $421,663 (+$4,764, +1.14% from previous year)
- 2013: $431,343 (+$9,680, +2.30% from previous year)
- 2014: $442,261 (+$10,919, +2.53% from previous year)
- 2015: $446,090 (+$3,829, +0.87% from previous year)
- 2016: $458,354 (+$12,264, +2.75% from previous year)
- 2017: $483,178 (+$24,824, +5.42% from previous year)
- 2018: $507,487 (+$24,309, +5.03% from previous year)
- 2019: $530,405 (+$22,918, +4.52% from previous year)
- 2020: N/A
- 2021: $687,521 (+$157,116, +29.62% from previous year)
- 2022: $811,041 (+$123,519, +17.97% from previous year)
- 2023: $823,921 (+$12,880, +1.59% from previous year)
- 2024: $840,578 (+$16,657, +2.02% from previous year)
- 2025: $850,258 (+$9,680, +1.15% from previous year)
Lamy tops the list with a 96% increase in home prices since 2010, soaring from $434,642 to $850,258. This small community’s housing market exploded between 2020 and 2022, with year-over-year gains as high as 30%. Even in a cooling market, prices continue to inch upward.
Lamy – Art, Railroads, and Pricey Real Estate
Located about 18 miles southeast of Santa Fe, Lamy is a tiny town with an outsized presence in New Mexico’s cultural and real estate landscape. Known for its historic train station and peaceful desert surroundings, Lamy attracts those seeking solitude with style. The town was once a crucial railway hub, and its historic structures and wide-open views have drawn artists and creatives for decades. Today, it’s a high-end enclave with a handful of expensive homes, many custom-built and designed to blend into the landscape. Despite its small size, Lamy’s character, charm, and exclusivity drive its high housing values.
Home price growth in Lamy has been driven by a mix of tight supply, buyer interest in the Santa Fe area, and the town’s aesthetic appeal. With limited new construction and virtually no sprawl, housing remains scarce — which keeps values high. Its proximity to Santa Fe also makes it appealing to those looking for luxury without the crowds. The market here is small but elite, with prices that reflect both location and lifestyle. For buyers seeking quiet, culture, and investment potential, Lamy stands at the very top of the New Mexico market.
