Farmington, NM — Momentum Score, Home Values & Best-For

All states·New Mexico·Farmington

San Juan County · Farmington · population 46,262

First-time buyersInvestors
Farmington, NM
Image: Wikipedia · Farmington, New Mexico
OverviewCost of livingMoving guide
View watchlist →
70
Rising
Momentum score · 0–100

Where Farmington stands

At or near all-time high. home values up 4.4% in the last year. averaging 7.4% annual growth over 5 years.

Median home $279,567
1-year +4.4%
5-yr CAGR +7.4%
vs 5-yr peak +0.0%
Population -0.2%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-04$280k$156k$201k$246k$291k201620182020202220242026

Lifestyle scores

🚶
Walkability
32/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
22/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
82/100
Excellent for remote work
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$1,258/mo$996$1,169$1,34220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent11911910012020242026

Rent vs buy

Price-to-rent ratio: 18.5
Lean buy

At a 18.5 price-to-rent ratio, Farmington is in the 'depends on horizon' zone. Buy if you'll be there 5+ years and value flexibility on the home; rent if you might move, want zero maintenance friction, or expect rates to drop.

How the momentum score breaks down

methodology →
Home YoY
72 · w22%
Home 5-yr CAGR
76 · w22%
Distance from peak
90 · w18%
Population growth
42 · w16%
Rent YoY
69 · w12%
Home 10-yr CAGR
62 · w10%
Long thesis

Farmington has averaged 7.4% annual appreciation over five years and the trend is still live (+4.4% in the last 12 months). When a momentum trade keeps working, the simplest explanation is usually correct: more people want in.

Short thesis

Farmington's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.

About Farmington

Farmington is a city in San Juan County, New Mexico, with an estimated population of 46,262. The median home value in Farmington is $279,567 as of 2026-04, up 4.4% over the last 12 months. Over the last five years, home values have averaged +7.4% annual growth, with prices at or near the 5-year peak. Rents in Farmington average $1,258 per month, up 3.5% year-over-year. The composite momentum score is 70 of 100 (Rising). The market is healthy with prices supported by underlying demand.

▲ Bull case

●Healthy 5-year run: +7.4% annualized over 5 years, outpacing US inflation.
●Quiet strength: +4.4% over the trailing year — not a melt-up, but the market is bid.
●Held the highs: currently +0.0% from the 5-year peak — this market refused to give back gains.

▼ Bear case

○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About Farmington (Wikipedia)

Farmington is a city in San Juan County, New Mexico, United States. As of the 2020 census, the city had a population of 46,624 people. Farmington makes up one of the four metropolitan statistical areas (MSAs) in New Mexico.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

Playbook

Buyer

You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.

Seller

Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.

Investor

Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.

Local safety & alerts

No active National Weather Service alerts for San Juan County right now.

NWS active alerts (NM)New Mexico Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. San Juan County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like Farmington

Los Ranchos de Albuquerque, NM70 · RisingCorrales, NM69 · RisingRaton, NM68 · RisingAztec, NM65 · Rising

Run the numbers for Farmington

ToolCan I afford Farmington?Income → city shortlistToolROI on a Farmington rentalCap rate, cash-on-cash, DSCRToolCompare Farmington to anywhereSide-by-side up to 3 citiesToolFarmington cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
50° / 25°
avg high / low
Summer (Jul)
87° / 61°
avg high / low
Sunny days/yr
280
~77% of year
Annual precip
14″ rain
12″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
Low
Wildfire
Very high
Earthquake
Low
Flood
Low

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Farmington listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local sports teams

Major professional teams the Farmington area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Local economy & environment

Humidity
48%
Dry climate
Median household income
$58,700
New Mexico state median
Top industries (state-level)
Government (labs)TourismOil & Gas

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

Cities similar to Farmington

Explore other places with comparable momentum or affordability.

See all New Mexico cities →    Browse best-of lists →