Top 5 most expensive places to buy a home in New Mexico
The distinct culture of New Mexico makes it a wonderful place to reside, as it offers a unique blend of Native American, Spanish, Mexican, and Anglo influences. With this mixed culture comes a delicious and unique blend of local cuisines, as well as fascinating history and architecture. There are many friendly and charming towns across the state with welcoming communities. If you are looking to buy a home in this “land of enchantment”, below is a list of the top 5 most expensive places to buy a home in the state, and why.
The fifth most expensive place to live in New Mexico is Albuquerque, with a median home value for cash buyers of $198,200. Albuquerque is the 32nd most populous city in the United States, with a population of just over 560,000. It’s rated one of the best places to live in New Mexico and it offers residents a dense suburban feel. The city has good public schools and many parks to enjoy, and its geography is breathtaking, with the Sandia Mountains to the east, the Petroglyph National Monument to the west, and the Rio Grande river that flows straight through the city.
Taos is ranked as the fourth most expensive place to buy a home in New Mexico, with a median home value of $260,800. Taos is much smaller than Albuquerque, with a population of just over 6,000. Residents get a sparse suburban feel with a laid back, rustic, and charming atmosphere. There are many restaurants and outdoor activities to choose from and the city has a small-town feel, so if you’re looking something a little less bustling than a big city, this is a great town to look into.
- Santa Fe
The third most expensive place to buy a home in New Mexico is Santa Fe, with a median home value of $280,800. Santa Fe offers residents a dense suburban feel, and it has a population of roughly 84,000. There are plenty of restaurants, coffee shops, and parks to enjoy, and the city is made up of many young professionals and retirees. Residents describe the city as a peaceful and diverse rural town with beautiful art and history.
The second most expensive place to live in New Mexico is Corrales, with a median home value of $447,600. This town is rated as one of the best places to live in New Mexico and it offers residents a rural feel. The town is made up of many retirees and is very family-friendly, with great public schools, safety, diversity, and natural beauty. Residents get the best of both worlds being just outside the big city, while living in a rural, friendly town.
- Los Ranchos de Albuquerque
Finally, the most expensive place to live in New Mexico is Los Ranchos de Albuquerque, also known locally as simply “Los Ranchos” or “The Village”. Los Ranchos has a median home value of $447,700 and a population of just over 6,000. Residents get a sparse suburban feel, with many parks and outdoor activities to enjoy. Residents describe it as a kind, welcoming, and walkable city with local-owned shops, entertainment, restaurants, and bakeries to enjoy.