Farmington, NM Metro Area - Investment Guide
Metro Area • 7 Cities • 10 ZIP Codes
Avg Home Value
$271,860
Avg Monthly Rent
$1,090
Avg Cap Rate
3.18%
Avg Investability
3.0 ★
Cities
7
ZIP Codes
10
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
7.28%
as of Oct 1
Source: Freddie Mac PMMS
☀️
WARM MARKET
Farmington, NM Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
7.1%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of September 19, 2026 — updated weekly
Best ZIP codes in Farmington, NM
Every ZIP in the metro, ranked four ways. Free.
Cities in Farmington, NM
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 87416 | Waterflow | NM | $260,942 | $1,107 | 3.31% | |
| 87421 | Waterflow | NM | $235,983 | $1,053 | 3.48% | |
| 87401 | Farmington | NM | $275,208 | $1,335 | 3.78% | |
| 87402 | Farmington | NM | $334,610 | $1,100 | 2.56% | |
| 87417 | Kirtland | NM | $222,840 | $873 | 3.06% | |
| 87410 | Aztec | NM | $281,025 | $1,025 | 2.84% | |
| 87418 | La Plata | NM | $303,888 | $1,035 | 2.66% | |
| 87413 | Bloomfield | NM | $260,251 | $918 | 2.75% | |
| 87415 | Aztec | NM | $311,017 | $1,467 | 3.68% | |
| 87421 | Waterflow | NM | $234,741 | $1,053 | 3.50% | |
| 87401 | Farmington | NM | $254,409 | $1,283 | 3.93% | |
| 87416 | Waterflow | NM | $278,178 | $1,107 | 3.10% | |
| 87402 | Farmington | NM | $315,869 | $1,600 | 3.95% | |
| 87410 | Aztec | NM | $255,476 | $927 | 2.83% | |
| 87417 | Kirtland | NM | $238,796 | $873 | 2.85% | |
| 87413 | Bloomfield | NM | $233,212 | $918 | 3.07% | |
| 87418 | La Plata | NM | $322,586 | $1,035 | 2.50% | |
| 87419 | Navajo Dam | NM | $202,440 | $1,062 | 4.09% | |
| 87415 | Aztec | NM | $285,072 | $1,467 | 4.01% | |
| 87421 | Waterflow | NM | $245,628 | $1,053 | 3.34% | |
| 87401 | Farmington | NM | $271,625 | $1,321 | 3.79% | |
| 87402 | Farmington | NM | $331,491 | $1,600 | 3.76% | |
| 87417 | Kirtland | NM | $211,507 | $873 | 3.22% | |
| 87410 | Aztec | NM | $276,823 | $1,025 | 2.89% | |
| 87413 | Bloomfield | NM | $257,474 | $918 | 2.78% | |
| 87401 | Farmington | NM | $254,409 | $1,283 | 3.93% | |
| 87415 | Aztec | NM | $307,156 | $1,467 | 3.73% | |
| 87416 | Waterflow | NM | $274,428 | $1,107 | 3.15% | |
| 87402 | Farmington | NM | $315,869 | $1,600 | 3.95% | |
| 87410 | Aztec | NM | $255,476 | $927 | 2.83% | |
| 87417 | Kirtland | NM | $233,571 | $873 | 2.92% | |
| 87413 | Bloomfield | NM | $233,212 | $918 | 3.07% | |
| 87418 | La Plata | NM | $320,079 | $1,035 | 2.52% | |
| 87415 | Aztec | NM | $285,072 | $1,467 | 4.01% | |
| 87421 | Waterflow | NM | $241,437 | $1,053 | 3.40% | |
| 87401 | Farmington | NM | $267,904 | $1,244 | 3.62% | |
| 87402 | Farmington | NM | $328,859 | $1,600 | 3.79% | |
| 87417 | Kirtland | NM | $211,507 | $873 | 3.22% | |
| 87410 | Aztec | NM | $272,365 | $927 | 2.65% | |
| 87413 | Bloomfield | NM | $250,848 | $918 | 2.85% | |
| 87415 | Aztec | NM | $302,448 | $1,467 | 3.78% | |
| 87416 | Waterflow | NM | $265,071 | $1,107 | 3.26% | |
| 87401 | Farmington | NM | $274,754 | $1,264 | 3.59% | |
| 87402 | Farmington | NM | $337,091 | $1,100 | 2.55% | |
| 87417 | Kirtland | NM | $226,913 | $873 | 3.00% | |
| 87410 | Aztec | NM | $276,541 | $1,025 | 2.89% | |
| 87418 | La Plata | NM | $314,453 | $1,035 | 2.57% | |
| 87419 | Navajo Dam | NM | $195,615 | $1,062 | 4.23% | |
| 87413 | Bloomfield | NM | $254,515 | $918 | 2.81% | |
| 87415 | Aztec | NM | $308,993 | $1,467 | 3.70% |
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About Farmington, NM Real Estate Market
The Farmington, NM metropolitan statistical area (MSA) encompasses 7 cities and 10 ZIP codes. The average home value across the metro is $271,860, with an average monthly rent of $1,090. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.