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City · 46,314 residents · San Juan County, New Mexico

Farmington , New Mexico

In Farmington, a typical home is worth $233,000 and typical rent is $1,037 a month. Compared with all of San Juan County, typical household income is 23% higher, the typical home value is 20% higher, and the share of households that own their home is 5 points lower.

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  • Typical home value

    $233,000

    20% above the county

    6% below New Mexico

    • Farmington
    • San Juan
    • New Mexico

  • Typical rent

    $1,037a month

    8% above the county

    3% below New Mexico

    • Farmington
    • San Juan
    • New Mexico

  • Typical household income

    $68,784a year

    23% above the county

    7% above New Mexico

    • Farmington
    • San Juan
    • New Mexico

  • Households that own their home

    66%

    5 points below the county

    4 points below New Mexico

    • Farmington
    • San Juan
    • New Mexico

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$282,854
6.7% more than 12 months ago
Typical rent
$1,535 a month
4.2% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Farmington is in San Juan County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of San Juan County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Farmington apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Shiprock, the typical home value is $104,400: 55% less than in Farmington ($233,000).

  2. Nearby, in Aztec, the typical rent is $629: 39% less than in Farmington ($1,037).

  3. According to Zillow, in the 12 months to September 2026 the typical home value in Farmington rose 6.7%; in New Mexico, it rose 1.7%.

  4. The typical household income in Farmington is $68,784, 23% more than in San Juan County as a whole ($55,872).

  5. The typical home in Farmington is worth $233,000, 20% more than in San Juan County as a whole ($193,800).

  6. 10% of households in Farmington have no internet at home (19% in San Juan County).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Farmington

What homes there are in Farmington, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Farmington: 63% of homes, more than in San Juan County (57%).

Year built

In Farmington, half of the homes were built before 1982; in San Juan County, before 1986.

In Farmington, 71% of homes have 3 bedrooms or more, more than in San Juan County (67%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Farmington sit under the FHA limit for San Juan County ($541,287): about 93%.

Monthly rent with utilities

With a mortgage

$1,603 a month

San Juan County: $1,499 a month

Without a mortgage

$521 a month

San Juan County: $453 a month

Owners with a mortgage

61%

San Juan County: 44%

In Farmington, 61% of owners have a mortgage, and their typical cost is $1,603 a month, against $1,499 in San Juan County. Without one it drops to $521.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Farmington rose 25%; in San Juan County, it rose 28%.

The typical rent in Farmington rose 20% since 2015–2019, about the same as in San Juan County (17%).

To compare: typical income in Farmington rose 26%; the home, +25%; the rent, +20%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureFarmingtonSan Juan CountyNew MexicoUnited States
Rental vacancy 5.9%5.4%5.9%5.5%
Homeowner vacancy 3.2%1.8%1.0%0.9%
More than one person per room 3.9%5.8%3.3%3.4%
People per household 2.642.862.482.53
Drive alone 84%83%74%69%
Carpool 6%7%10%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate3%2%3%
Work from home 6%6%12%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutesUnreliable estimate10 to 19 minutes20 to 29 minutes

Open rentals in Farmington look like those in San Juan County: the rental vacancy rate is 5.9%.

Fewer households are short on space in Farmington: 3.9% have more than one person per room; in San Juan County, 5.8%.

Fewer people live in each home here: 2.64 on average, against 2.86 in San Juan County.

In Farmington, 84% of workers drive alone to work; in San Juan County, 83%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Farmington?

A typical home is tight for the typical income

We start with a typical home in Farmington, worth $233,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 33% of the typical household income in Farmington, which is $68,784 a year. For that payment to be 28% of income, a household would need to earn about $80,075 a year.

The calculator's FHA and conventional loan limits are those of all of San Juan County.

Your numbers

Local data
$

Starts at the typical home value in Farmington. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,155 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,868

at 7.18% · 30 years

Loan amount
$228,780
Total interest
$329,160
Paid off in
November 2056

Includes $3,935 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,605 a month

  • Tight

    $1,605 to $2,064 a month

    Your payment · 33%

  • Hard

    more than $2,064 a month

Compared with the typical household income in Farmington ($68,784 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,868
Principal & interest$1,550
Property tax$118
Home insurance$97
FHA mortgage insurance (MIP)$103

You need at least $8,155 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Farmington and San Juan County

Farmington is in San Juan County, New Mexico. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Farmington's own numbers

Typical home value
$233,000
Typical monthly rent
$1,037
Typical yearly household income
$68,784
Households that own their home
66%
Effective property tax rate
0.61%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of San Juan County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,116
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
3.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of San Juan County.

Everything about San Juan County

Buying

Buying a home in Farmington

A typical home in Farmington is worth $233,000: 20% above the county and 6% below New Mexico. With the typical household income in Farmington ($68,784 a year), a typical home costs 3.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Farmington 3.4 years
  • San Juan 3.5 years
  • New Mexico 3.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in San Juan County

According to FHFA’s house price index, home prices in San Juan County rose 57% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of San Juan County.

Period County New Mexico U.S.
Last year (2025) +6.2% +3.1% +2.9%
5 years (2020–2025) +51% +50% +47%
10 years (2015–2025) +57% +82% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Farmington next to San Juan County, New Mexico and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Farmington $233,000
  • San Juan $193,800
  • New Mexico $248,100
  • United States $332,700
Typical monthly rent
  • Farmington $1,037
  • San Juan $956
  • New Mexico $1,067
  • United States $1,413
Typical yearly household income
  • Farmington $68,784
  • San Juan $55,872
  • New Mexico $64,059
  • United States $80,734
See the full table
Farmington next to San Juan County and New Mexico
Measure Farmington San Juan County New Mexico U.S.
Typical home value $233,000 $193,800 $248,100 $332,700
Typical monthly rent $1,037 $956 $1,067 $1,413
Typical yearly household income $68,784 $55,872 $64,059 $80,734
Households that own their home 66% 71% 70% 65%
Typical yearly property tax $1,427 $1,317 $1,731 $3,119
Effective property tax rate 0.61% 0.68% 0.7% 0.94%
Renters with high rent for their income 41% 42% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below San Juan County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Farmington

For a typical $233,000 home in Farmington, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Farmington's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,868a month

    Least cash to close
    Down payment
    $8,155
    Cash to close
    $15,145
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $103

  • Conventional, 5% down $1,826a month

    Down payment
    $11,650
    Cash to close
    $18,640
    Rate
    7.18%
    Mortgage insurance
    PMI · $111

  • Conventional, 20% down, no PMI $1,478a month

    Down payment
    $46,600
    Cash to close
    $53,590
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,694a month

    Down payment
    $34,950
    Cash to close
    $41,940
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Farmington and for San Juan County.

Property tax

Effective rate in Farmington

0.61%of the home’s value each year

$1,427 a year for the typical owner in Farmington.

  • Farmington 0.61%
  • San Juan 0.68%
  • New Mexico 0.7%

What New Mexico publishes 3 percent cap on the yearly increase in your home's taxable value (New Mexico Legislative Finance Committee ("Property Taxes in New Mexico" brief))

Exemptions and deadlines in New Mexico

Flood risk in San Juan County

FEMA does not publish these numbers by city: they are for all of San Juan County.

Homes in the high-risk zone
3.2%
1,466
Of those, with NFIP insurance
6.2%
County New Mexico U.S.
Homes in the high-risk zone 3.2% 5.7% 3.5%
Of those, with NFIP insurance 6.2% 16% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Farmington

Typical rent in Farmington is $1,037 a month: 8% above the county. In Farmington, 41% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of San Juan County, by unit size. To pay the 2-bedroom one ($1,116 a month) without spending more than 30% of your income, you would need to earn $21.46 an hour working full time.

HUD fair market rent for all of San Juan County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $850 $16.35 $34,000
1 bedroom $855 $16.44 $34,200
2 bedrooms $1,116 $21.46 $44,640
3 bedrooms $1,545 $29.71 $61,800
4 bedrooms $1,673 $32.17 $66,920

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Farmington

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Farmington has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,190 in 87401 to $1,220 in 87402.

2 of the 2 are above the fair market rent for San Juan County ($1,116).

  • 87401 $1,190$1,650
  • 87402 $1,220$1,690

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Farmington when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Farmington

HUD lists 9 buildings with rents for lower incomes in Farmington. These are the largest.

  • Apple Ridge Apts 1600 Cliffside Dr, Farmington 87401 80 low-income homes · In service since 2002 · For older adults (505) 327-0151
  • La Terraza Apts 2009 (farmington) 900 Cannery Ct, Farmington 87401 60 low-income homes
  • Mesa Village 1750 E Elm St, Farmington 87401 60 low-income homes · 2 bd: 48 · 3 bd: 12 · In service since 1999
  • Northgate Village 2500 W Apache St, Farmington 87401 56 low-income homes · For families (505) 327-4197
  • San Juan Apartments 2614 E 20th St, Farmington 87401 50 low-income homes · For families (505) 325-8590

See all 15 buildings in San Juan County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Farmington

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in San Juan County. The nearest ones are below; many serve by phone or online.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Farmington

No down payment, repair or rent-help program on our list is for Farmington or San Juan County. The ones below are statewide in New Mexico: they work in Farmington the same as in the rest of the state.

Which programs do I qualify for? All programs in New Mexico

  • FirstDown

    Statewide in New Mexico

    New Mexico state agency fixed-rate second mortgage for the down payment and closing costs of first-time buyers, together with the FirstHome mortgage. Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).

    Repayable

    See the program Official page

  • HomeNow

    Statewide in New Mexico

    New Mexico state agency fixed $7,000 second mortgage for the down payment and closing costs of low-income first-time buyers; no monthly payments and forgivable after 10 years. Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).

    Forgivable

    See the program Official page

  • FirstDown Plus

    Statewide in New Mexico

    New Mexico state agency fixed $10,000 third loan at 0%, for the down payment only, added to FirstDown or HomeNow; repaid in monthly installments over 15 years. Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).

    Repayable

    See the program Official page

Housing counselors near Farmington

The HUD-approved agencies closest to the center of Farmington, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Southwest Neighborhood Housing Services, Inc.

    6301 4th St NW Ste 5, Los Ranchos · 140 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (505) 243-5511

  • Homewise, Inc.

    1301 Siler Rd, Santa Fe · 144 miles away · Spanish

    • Budget and credit workshops
    • Pre-purchase counseling
    • and 1 more
    (505) 983-9473

  • Homewise, Inc.

    500 2nd St. SW, Albuquerque · 144 miles away · Spanish

    Also serves in American Sign Language (ASL).

    • Budget and credit workshops
    • Pre-purchase counseling
    • and 1 more
    (505) 243-6566

All counseling agencies in New Mexico

Help in Spanish near Farmington

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Farmington

HUD’s record names them for Farmington or San Juan County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the County of San Juan Section 8 vouchers (505) 334-4545

All housing agencies in New Mexico Source: HUD

Cities

Other cities in San Juan County

These cities are also in San Juan County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about San Juan County Housing in New Mexico

Nearby cities

The cities closest to Farmington, with the typical home value.

Neighboring counties

If San Juan County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Farmington.

All guides
A smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about Farmington

Short answers with the numbers for Farmington and all of San Juan County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Farmington?

The typical home value in Farmington is $233,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in San Juan County it is $193,800.

How much does it cost to rent in Farmington?

Typical rent in Farmington is $1,037 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in San Juan County is $1,116.

What is the FHA loan limit in Farmington?

Farmington uses the FHA limit for all of San Juan County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Farmington?

The typical homeowner in Farmington pays $1,427 a year, according to the U.S. Census Bureau. That is 0.61% of the home’s value; in San Juan County, the rate is 0.68%.

Where can I find free help to buy or rent in Farmington?

We found no HUD-approved counseling agencies with an office in San Juan County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).