Cities With the Fastest-growing Home Prices in the Albuquerque Metro Area

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Cities with the fastest-growing home prices in the Albuquerque metro area

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The typical home value in the United States was $361,371 in February, 0.4% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

compiled a list of cities with the most expensive homes in the Albuquerque, NM metro area using data from . Charts show the monthly typical home value since January 2018.

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#25. Ponderosa, NM

- 1-year price change: -$9,131 (-3.2%)
- 5-year price change: $-20,959 (-7.0%)
- Typical home value: $277,520 (#17 most expensive city in metro)

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#24. Placitas, NM

- 1-year price change: -$8,983 (-1.4%)
- 5-year price change: +$155,740 (+32.4%)
- Typical home value: $635,970 (#3 most expensive city in metro)

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#23. Algodones, NM

- 1-year price change: -$5,428 (-1.4%)
- 5-year price change: +$45,379 (+13.8%)
- Typical home value: $374,275 (#9 most expensive city in metro)

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#22. Cochiti Lake, NM

- 1-year price change: -$4,928 (-1.7%)
- 5-year price change: +$85,068 (+44.3%)
- Typical home value: $277,041 (#18 most expensive city in metro)

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#21. La Jara, NM

- 1-year price change: -$541 (-0.2%)
- 5-year price change: +$17,642 (+7.4%)
- Typical home value: $255,385 (#22 most expensive city in metro)

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#20. Rio Rancho, NM

- 1-year price change: +$1,164 (+0.3%)
- 5-year price change: +$105,088 (+41.8%)
- Typical home value: $356,585 (#10 most expensive city in metro)

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#19. Rio Communities, NM

- 1-year price change: +$2,678 (+1.0%)
- 5-year price change: +$98,257 (+59.4%)
- Typical home value: $263,775 (#20 most expensive city in metro)

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#18. Belen, NM

- 1-year price change: +$2,799 (+1.1%)
- 5-year price change: +$65,944 (+34.5%)
- Typical home value: $256,872 (#21 most expensive city in metro)

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#17. Albuquerque, NM

- 1-year price change: +$3,236 (+1.0%)
- 5-year price change: +$98,402 (+41.0%)
- Typical home value: $338,329 (#12 most expensive city in metro)

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#16. Mountainair, NM

- 1-year price change: +$3,428 (+2.0%)
- 5-year price change: data is not available (data not available)
- Typical home value: $171,048 (#25 most expensive city in metro)

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#15. Los Lunas, NM

- 1-year price change: +$3,863 (+1.2%)
- 5-year price change: +$89,924 (+39.5%)
- Typical home value: $317,377 (#16 most expensive city in metro)

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#14. Bernalillo, NM

- 1-year price change: +$4,754 (+1.4%)
- 5-year price change: +$87,157 (+34.7%)
- Typical home value: $338,294 (#13 most expensive city in metro)

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#13. Estancia, NM

- 1-year price change: +$5,651 (+2.9%)
- 5-year price change: data is not available (data not available)
- Typical home value: $199,639 (#24 most expensive city in metro)