87401, Farmington, NM Housing Market

ZIP code 87401's median home value is $272K, up 7.4% over the past year. Homes here sell in a median 35 days. Its PropertyIQ Score of 63 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.

87401, Farmington, NM is one of nearly 20,000 U.S. ZIP codes that PropertyIQ analyzes with AI-powered demand signal scoring. ZIP-level analysis provides the most hyperlocal view of housing market dynamics available, measuring how demand within 87401 compares to the NM state average and identifying outperformance potential before it appears in price data.

Mountain West ZIP codes experienced explosive growth through 2022, with dramatic variation in post-boom performance. PropertyIQ's ZIP-level scores separate neighborhoods with sustained demand from those experiencing corrections, providing the hyperlocal precision investors need in volatile markets. Within the Mountain West, ZIP code 87401's PropertyIQ Score of 63 ranks among the Mountain West's stronger demand signals.

The PropertyIQ Score for 87401, Farmington, NM is built from four inputs measured at the ZIP-code level: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all ZIP codes nationally and calibrated so 50 equals the state average, so a score above 50 points to a micro-market positioned to outperform its state.

Use PropertyIQ's analytics tools to evaluate 87401, Farmington, NM alongside other ZIP codes and investment opportunities. The interactive map, ZIP-level rankings, and AI-generated reports provide the hyperlocal market intelligence that separates informed decisions from guesswork.