Housing in Farmington, NM
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$259,900
Median List Price
$349,950
Price Per Sq Ft
$170
Days on Market
42
Active Inventory
71
Months of Supply
2.6
Seller's market
Zillow Home Value
$269,906
ZHVI — January 2026
Zillow Rent Index
$1,489
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
37.5%
Market Activity
Source: RedfinHomes Sold
27
New Listings
32
Pending Sales
40
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$170
Median List $/SF
$173
Farmington vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Farmington is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$225,400
Median Rent
$993
Total Housing Units
18,220
Vacancy Rate
10.5%
Owner Occupied
63.5%
Renter Occupied
36.5%
Median Property Tax
$1,361
per year
Monthly Cost (w/ Mortgage)
$1,217
Housing Types
The current median sale price in Farmington, NM is $259,900 according to Redfin data. Homes spend a median of 42 days on the market. 0.0% of homes sold above asking price. The market has 2.6 months of supply. The median price per square foot is $170. Zillow's observed rent index is $1,489/month. About 63.5% of housing units are owner-occupied. The median year homes were built is 1982. There are 18,220 total housing units.