Area data
Farmington, NM — ZIP 87402
Population: 11,418 (Census ACS)
Home values & appreciation
- Median home value
- $337,091
- 1-year appreciation
- +6.9%
- 3-year appreciation
- +17.2%
- 5-year appreciation
- +46.7%
- 10-year appreciation
- +74.8%
- All-time peak (2026-07)
- $337,091
- House Price Index
- 406.5 (+0.8% YoY)
Market activity
- Median sale price
- $197,450
- Median list price
- $195,000
- Median days on market
- 7.5 days
- 1-year forecast
- +2.5%
- New listings (monthly)
- 15
Rents
- 2-bedroom fair-market rent (HUD reference)
- $1,319/mo
- 3BR fair-market rent
- $1,715/mo
Affordability
- Cost of living index (Below Average)
- 92.5 (100 = US avg)
- Electricity rate (state-level)
- 15.1¢/kWh
- Natural gas rate (state-level)
- $9.80/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 3
- Elementary schools
- 0
- Middle schools
- 0
- High schools
- 2
Natural hazards & flood risk
- Overall hazard risk
- Relatively Moderate
- Top hazards
- drought, lightning, winterWeather, coldWave, heatWave
- FEMA flood zone
- X
- Flood risk level
- Minimal
Climate (30-year normals)
- Average annual temperature
- 53.0°F
- Average high
- 67.0°F
- Average low
- 40.0°F
- Annual precipitation
- 7.4 in
- Annual snowfall
- 8.7 in
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 46
- Days with Good air quality
- 249
Walkability & transit
- Walkability index
- 12.2 / 20
- Transit service frequency
- 1,069
Amenities
- National parks within ~60 mi
- 4
- Nearest national park
- Aztec Ruins National Monument (9 mi)
- Nearest airport
- Exceptional Community Hospital Heliport (2 mi)
- Nearest major airport
- Four Corners Regional Airport (FMN) (6 mi)
- Hospitals nearby (~15 mi)
- 1
- Avg hospital rating
- 2.0 / 5
- Solar radiation rating
- Good (5.5 kWh/m²/day)
Migration
- Net migration
- +860 tax filers
Housing stock
- Median year housing built
- 1,988
- Median annual property tax
- $1,684
- Mean commute to work
- 21 min
- Households with broadband internet
- 69.1%
Employment & development
- Total county employment
- 34,792
- Average weekly wage
- $1,031
- Top industries (by employment)
- Health Care, Accommodation & Food, Mining
- Annual residential building permits (county)
- 70
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →