Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Farmington city, New Mexico?
City · Census ACS 5-Year estimates
The median gross rent in Farmington city, New Mexico is $1,037/month (±$92), based on Census ACS 5-Year estimates (2024). The median home value is $233,000 (±$5,796), and the median household income is $68,784/year. The unemployment rate in San Juan County, New Mexico was 4.8% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Farmington city, New Mexico
| Metric | Value |
|---|---|
| Median Gross Rent | $1,037 |
| Median Home Value | $233,000 |
| Median Household Income | $68,784 |
| Total Housing Units | 17,114 |
| Renter-Occupied Units | 5,787 |
| Renter-Occupied Share | 34% |
| Households Paying 50%+ Income | 1,167 households |
| Unemployment Rate(April 2026) | 4.8% |
How does Farmington city, New Mexico compare?
Median gross rent ranked against all cities in New Mexico.
Higher rent than 66% of cities in New Mexico · 64th of 185
| # | City | Value |
|---|---|---|
| 1 | Sandia Heights CDP | $3,050 |
| 2 | Cañoncito CDP | $3,011 |
| 3 | Placitas CDP (Sandoval County) | $2,717 |
| … 60 more … | ||
| 64 | Farmington city(you are here) | $1,037 |
| … 118 more … | ||
| 183 | Cuba village | $306 |
| 184 | Mescalero CDP | $260 |
| 185 | Peña Blanca CDP | $99 |
More data for Farmington city, New Mexico
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Frequently asked questions
What is the average rent in Farmington city, New Mexico?
The median gross rent in Farmington city, New Mexico is $1,037/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Farmington city, New Mexico?
The median rent for a 2-bedroom in Farmington city, New Mexico is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Farmington city, New Mexico?
The median home value in Farmington city, New Mexico is $233,000 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Farmington city are rent-burdened?
In Farmington city, New Mexico, 1,167 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Farmington city, New Mexico?
The median household income in Farmington city, New Mexico is $68,784/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,037 has a margin of error of ±$92. In very small areas, MOEs can be large relative to the estimate.
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