Farmington
Housing in Farmington, NM: Rent, Home Prices & Property Tax
$2,529 left/mo
$883/mo (1 bd) in Farmington. Median home $185,100. Property tax 0.67%.
- Rent (1-bedroom)
- $883
- /mo
- Buy
- $1,282
- Mortgage, tax, insurance
- Buying costs more
- $399
- /mo
To buy
- 20% down payment$37,020
- Mortgage at 7.24%$1,009
- Property tax (0.67% of value)$103/mo · $1,240/yr
- Insurance and upkeep$170
- Monthly total$1,282
Months to 20% down
$2,529 left each month. About 15 months (1.3 years) to save $37,020.
Rent is Zillow asking rent. The price is the Census median home value. The mortgage is a 30-year fixed at 7.24%, the Freddie Mac PMMS average for the week of Oct 29, 2026, with 20% down.
Guide: state tax and rent when you compare cities
Moving from Farmington
Take-home by job in Farmington
- Registered nurse
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- Elementary school teacher
- High school teacher
- Accountant / auditor
- Truck driver (heavy)
- Electrician
- Civil engineer
- Lawyer
- Police officer
- Financial analyst
- Pharmacist
- Product / project manager
- Physical therapist
- Nurse practitioner
- Physician
- Construction manager
- Data scientist
- Firefighter
- Mechanical engineer