Farmington, NM Real Estate
Farmington is a city in San Juan County, New Mexico with a population of about 46,339. The median home value is near $225,400, and median rent runs around $993/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$225,400
Median Rent
$993/mo
Population
46,339
Median Income
$63,745
Median Age
37
Homeownership
63.5%
Monthly payment on a median Farmington home
Example for a $225,400 home: 20% down, 30-yr at ~6.75%, NM property tax ~0.67%, 0.4% insurance.
Est. monthly (PITI)
$1,371
Principal & interest
$1,170
Property tax / mo
$126
Down payment (20%)
$45,080
Farmington at a glance
- 12% of residents 25+ hold a bachelor's degree or higher.
- 63.5% of occupied homes are owner-occupied.
- Median household income is $63,745.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
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