FARMINGTON Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Farmington averaged 6.64% for the week of 2024-02-22, compared to the national average of 6.9% for the same period.

The average rate for the prior week (2024-02-15) was 6.51% and one month ago for the week of 2024-01-18, the average rate was 6.54%.

Farmington's average rate one year ago was 6.69%.

For refis of the same type during the week of 2024-02-22, the average rate was 6.16%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-22 6.9%
Farmington 30 Year Fixed Rate 2024-02-22 6.64%
Farmington 30 Year Fixed Rate Refi 2024-02-22 6.16%
Farmington 15 Year Fixed Rate 2024-02-22 6.39%
Farmington 15 Year Fixed Rate Refi 2024-02-22 6.49%
Farmington 30 Year FHA 2024-02-22 -0.26%
Farmington 30 Year FHA Refi 2024-02-22 0%
Farmington 30 Year USDA 2024-02-22 0%
Farmington 30 Year USDA Refi 2024-02-22 -0.2%
Farmington 30 Year VA 2024-02-22 0.05%
Farmington 30 Year VA Refi 2024-02-22 0%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within FARMINGTON, NM.

FARMINGTON Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the FARMINGTON, NM market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
AMCAP MORTGAGE, LTD. 80 5.24% $5,811
QUICKEN LOANS, LLC 52 4.88% $7,196
CORNERSTONE HOME LENDING, INC. 51 5.32% $5,523
UNITED WHOLESALE MORTGAGE, LLC 42 4.95% $4,237
LEGACY MORTGAGE LLC 35 5.47% $6,427
MORTGAGE SOLUTIONS OF COLORADO, LLC 34 4.64% $7,235
Waterstone Mortgage Corporation 23 5.49% $4,813
Century Mortgage Company DBA Century Lending Company 15 4.66% $5,097
GUILD MORTGAGE COMPANY 14 5.00% $5,902
LOANDEPOT.COM, LLC 12 3.39% $5,881
Wells Fargo Bank 12 5.24% $4,548
MICHIGAN MUTUAL, INC. 9 5.94% $6,859
Mr. Cooper ( Nationstar Mortgage ) 9 4.78% $7,456
SANDIA LABORATORY 8 4.05% $2,510
AMERISAVE MORTGAGE CORPORATION 7 4.55% $7,875
ACADEMY MORTGAGE CORPORATION 6 5.35% $6,478
AMERICAN FINANCING CORPORATION 5 3.95% $5,915
Bank of America 5 3.95% $4,252
Ally Bank 5 4.92% $5,151
BROKER SOLUTIONS, INC. 5 5.22% $5,408
First Financial Credit Union 5 4.13% $5,092
JPMorgan Chase Bank 4 3.40% $3,646
BETTER MORTGAGE CORPORATION 4 4.25% $3,661
PENNYMAC LOAN SERVICES, LLC 4 4.91% $6,769
Flagstar Bank, FSB 4 4.62% $4,117
V.I.P. MORTGAGE, INC. 4 5.25% $3,981
FREEDOM MORTGAGE CORPORATION 4 4.47% $4,655
Zions Bank 4 6.88% $4,793
Bank of Colorado 3 6.04% $6,616
MUTUAL OF OMAHA MORTGAGE, INC. 3 5.21% $5,921
BOKF 3 5.08% $3,776
Carrington Mortgage Services, LLC 3 6.17% $6,876
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 4.54% $3,844
MID AMERICA MORTGAGE, INC. 3 5.63% $9,053
USAA Federal Savings Bank 2 5.63% $4,631
Flanagan State Bank 2 5.69% $6,442
HOME POINT FINANCIAL CORPORATION 2 4.74% $5,039
Washington Federal Bank 2 3.38% $5,203
MOVEMENT MORTGAGE, LLC 2 5.53% $5,621
CHURCHILL MORTGAGE CORPORATION 2 5.06% $4,391
Loan Simple, Inc. 2 5.75% $7,884
GUARANTEED RATE, INC. 2 3.54% $5,565
LAKEVIEW LOAN SERVICING, LLC 2 4.93% $5,822
CMG MORTGAGE, INC. 2 5.75% $8,166
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.38% $4,406
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 5.44% $6,276
PENTAGON FEDERAL CREDIT UNION 2 4.06% $4,484
CALIBER HOME LOANS, INC. 2 5.25% $7,610
STARBOARD FINANCIAL MANAGEMENT, LLC 2 5.06% $3,405
The Central Trust Bank 2 3.25% $3,099
Discover Bank 2 6.99% $0
NAVY FEDERAL CREDIT UNION 2 7.38% $3,394
First Home Bank 2 4.56% $6,296
MEGASTAR FINANCIAL CORP. 1 3.88% $4,111
Adams Bank & Trust 1 5.50% $3,659
Amalgamated Bank 1 3.25% $5,124
Amerifirst Financial, Inc. 1 6.50% $8,961
Axos Bank 1 4.38% $8,160
Bell Bank 1 6.63% $1,843
BMO Harris Bank 1 4.25% $4,327
BNC National Bank 1 6.00% $3,142
CALCON MUTUAL MORTGAGE LLC 1 6.63% $13,030
CARDINAL FINANCIAL 1 4.25% $7,452
CENTENNIAL LENDING, LLC 1 3.25% $4,663
CHERRY CREEK MORTGAGE, LLC 1 5.50% $878
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.00% $5,585
CROSSCOUNTRY MORTGAGE, LLC 1 7.00% $4,485
DEEPHAVEN MORTGAGE LLC 1 4.75% $10,118
EVERETT FINANCIAL, INC. 1 5.50% $2,659
FINANCE OF AMERICA MORTGAGE LLC 1 5.38% $2,333
Financial Funding Solutions, Inc. 1 5.88% $5,226
FirstBank 1 3.25% $5,449
First Bank & Trust 1 3.38% $4,473
FIRST COMMUNITY MORTGAGE, INC. 1 4.63% $5,497
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $11,658
Goldwater Bank, N.A. 1 7.13% $8,042
Heritage Bank 1 5.50% $7,384
INTERCAP LENDING INC. 1 4.88% $4,287
KeyBank 1 3.75% $5,371
LADERA LENDING, INC. 1 3.88% $3,815
LOANPAL, LLC 1 5.38% $3,197
21ST MORTGAGE CORPORATION 1 6.95% $7,845
Morgan Stanley Private Bank 1 4.85% $4,952
NBH Bank 1 5.50% $4,217
NBKC BANK 1 6.63% $837
NEWREZ LLC 1 6.63% $6,129
Priority Bank 1 4.88% $5,154
RANLIFE, INC. 1 6.25% $2,971
RELIANCE FIRST CAPITAL, LLC 1 4.63% $10,199
RESIDENTIAL BANCORP 1 4.88% $6,869
S1L, Inc. 1 5.63% $4,128
The Federal Savings Bank 1 6.63% $810
The Huntington National Bank 1 6.00% $5,100
TRIAD FINANCIAL SERVICES, INC. 1 7.75% $6,695
Truist 1 4.88% $3,971
U.S. Bank 1 5.00% $3,300
ZILLOW HOME LOANS, LLC 1 3.50% $3,371

FARMINGTON Average Closing Costs & Other Stats

FARMINGTON, NM's 97 lenders originated 1,765 loans during 2022. The total origination value was $352,945,000, with an average loan value of $199,969.

FARMINGTON's average closing costs are $5,632.

The top FARMINGTON lender as defined by loan originations is AMCAP MORTGAGE, LTD., with 80 loans originated. Their average total fees are $5,811, which is $1,385 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee FARMINGTON lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($4,237), Wells Fargo Bank ($4,548), Waterstone Mortgage Corporation ($4,813), Century Mortgage Company DBA Century Lending Company ($5,097) and CORNERSTONE HOME LENDING, INC. ($5,523).

The lowest rate FARMINGTON lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC (3.39%), MORTGAGE SOLUTIONS OF COLORADO, LLC (4.64%), Century Mortgage Company DBA Century Lending Company (4.66%), QUICKEN LOANS, LLC (4.88%) and UNITED WHOLESALE MORTGAGE, LLC (4.95%).

FARMINGTON, NM Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
AMCAP MORTGAGE, LTD. $39,420,000 $35,555,000 -9.8% 10.1%
CORNERSTONE HOME LENDING, INC. $9,535,000 $26,330,000 176.1% 7.5%
QUICKEN LOANS, LLC $55,465,000 $23,980,000 -56.8% 6.8%
MORTGAGE SOLUTIONS OF COLORADO, LLC $14,640,000 $22,645,000 54.7% 6.4%
UNITED WHOLESALE MORTGAGE, LLC $33,630,000 $21,615,000 -35.7% 6.1%
The Citizens Bank $20,895,000 n/a 5.9%
LEGACY MORTGAGE LLC $19,115,000 $20,635,000 8.0% 5.8%
Waterstone Mortgage Corporation $52,715,000 $12,635,000 -76.0% 3.6%
GUILD MORTGAGE COMPANY $16,370,000 $12,160,000 -25.7% 3.4%
Century Mortgage Company DBA Century Lending Company $1,835,000 $11,140,000 507.1% 3.2%
Mortgage Research Center, LLC $12,125,000 $9,570,000 -21.1% 2.7%
MID AMERICA MORTGAGE, INC. $8,900,000 $7,850,000 -11.8% 2.2%
LOANDEPOT.COM, LLC $11,360,000 $7,605,000 -33.1% 2.2%
Wells Fargo Bank $12,095,000 $6,010,000 -50.3% 1.7%
21ST MORTGAGE CORPORATION $3,725,000 $5,200,000 39.6% 1.5%
Mr. Cooper ( Nationstar Mortgage ) $6,135,000 $4,825,000 -21.4% 1.4%
AMERISAVE MORTGAGE CORPORATION $6,625,000 $3,655,000 -44.8% 1.0%
PENNYMAC LOAN SERVICES, LLC $7,640,000 $3,645,000 -52.3% 1.0%
Zions Bancorporation, N.A. $5,595,000 $3,630,000 -35.1% 1.0%
MICHIGAN MUTUAL, INC. $5,290,000 $3,295,000 -37.7% 0.9%
FREEDOM MORTGAGE CORPORATION $25,730,000 $2,930,000 -88.6% 0.8%
NAVY FEDERAL CREDIT UNION $2,810,000 $2,600,000 -7.5% 0.7%
SANDIA LABORATORY $2,305,000 $2,520,000 9.3% 0.7%
Ally Bank $1,160,000 $2,400,000 106.9% 0.7%
BROKER SOLUTIONS, INC. $15,800,000 $2,310,000 -85.4% 0.7%
Bank of America $3,070,000 $2,150,000 -30.0% 0.6%
AMERICAN FINANCING CORPORATION $4,280,000 $2,110,000 -50.7% 0.6%
Amerifirst Financial, Inc. $2,085,000 n/a 0.6%
CMG MORTGAGE, INC. $185,000 $1,910,000 932.4% 0.5%
NEW DAY FINANCIAL, LLC $1,825,000 $1,730,000 -5.2% 0.5%
V.I.P. MORTGAGE, INC. $2,525,000 $1,685,000 -33.3% 0.5%
USAA Federal Savings Bank $1,340,000 $1,670,000 24.6% 0.5%
ACADEMY MORTGAGE CORPORATION $3,545,000 $1,645,000 -53.6% 0.5%
Flagstar Bank, FSB $1,260,000 $1,590,000 26.2% 0.5%
Nations Lending Corporation $1,350,000 $1,515,000 12.2% 0.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,530,000 $1,480,000 -3.3% 0.4%
The Federal Savings Bank $1,310,000 $1,420,000 8.4% 0.4%
LAKEVIEW LOAN SERVICING, LLC $5,815,000 $1,380,000 -76.3% 0.4%
BETTER MORTGAGE CORPORATION $4,740,000 $1,355,000 -71.4% 0.4%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,870,000 $1,295,000 -54.9% 0.4%
Flanagan State Bank $1,490,000 $1,295,000 -13.1% 0.4%
TRIAD FINANCIAL SERVICES, INC. $215,000 $1,270,000 490.7% 0.4%
Carrington Mortgage Services, LLC $1,745,000 $1,220,000 -30.1% 0.3%
KeyBank $1,210,000 n/a 0.3%
The Central Trust Bank $585,000 $1,210,000 106.8% 0.3%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $1,215,000 $1,170,000 -3.7% 0.3%
MOVEMENT MORTGAGE, LLC $245,000 $1,130,000 361.2% 0.3%
First Financial Credit Union $1,120,000 n/a 0.3%
FINANCE OF AMERICA MORTGAGE LLC $575,000 $1,080,000 87.8% 0.3%
BOKF $655,000 $1,070,000 63.4% 0.3%
Bank of Colorado $10,360,000 $1,045,000 -89.9% 0.3%
JPMorgan Chase Bank $1,825,000 $1,035,000 -43.3% 0.3%
CALIBER HOME LOANS, INC. $2,345,000 $1,005,000 -57.1% 0.3%
U.S. Bank $3,520,000 $980,000 -72.2% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $1,250,000 $970,000 -22.4% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $1,275,000 $960,000 -24.7% 0.3%
PRIMARY RESIDENTIAL MORTGAGE, INC. $295,000 $880,000 198.3% 0.2%
Equity Prime Mortgage LLC $165,000 $875,000 430.3% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,305,000 $870,000 -33.3% 0.2%
CALCON MUTUAL MORTGAGE LLC $545,000 $820,000 50.5% 0.2%
U.S. EAGLE $2,600,000 $820,000 -68.5% 0.2%
ZILLOW HOME LOANS, LLC $115,000 $775,000 573.9% 0.2%
Commerce Home Mortgage, Inc. $765,000 n/a 0.2%
LIMA ONE CAPITAL, LLC $720,000 n/a 0.2%
CHERRY CREEK MORTGAGE, LLC $545,000 $650,000 19.3% 0.2%
Amalgamated Bank $645,000 n/a 0.2%
TOP FLITE FINANCIAL, INC. $105,000 $615,000 485.7% 0.2%
Priority Bank $585,000 n/a 0.2%
NEWREZ LLC $4,695,000 $580,000 -87.6% 0.2%
PLAZA HOME MORTGAGE, INC. $1,320,000 $580,000 -56.1% 0.2%
UNION HOME MORTGAGE CORP. $450,000 $575,000 27.8% 0.2%
Morgan Stanley Private Bank $565,000 n/a 0.2%
Washington Federal Bank $3,475,000 $565,000 -83.7% 0.2%
RANLIFE, INC. $115,000 $560,000 387.0% 0.2%
Heritage Bank $535,000 n/a 0.2%
MOUNTAIN AMERICA $820,000 $525,000 -36.0% 0.1%
PENTAGON FEDERAL CREDIT UNION $625,000 $525,000 -16.0% 0.1%
RELIANCE FIRST CAPITAL, LLC $850,000 $525,000 -38.2% 0.1%
First Home Bank $510,000 n/a 0.1%
City National Bank $505,000 n/a 0.1%
GUARANTEED RATE, INC. $1,025,000 $500,000 -51.2% 0.1%
DEEPHAVEN MORTGAGE LLC $465,000 n/a 0.1%
The Huntington National Bank $465,000 n/a 0.1%
LOANPAL, LLC $460,000 n/a 0.1%
Gateway First Bank $755,000 $440,000 -41.7% 0.1%
PLANET HOME LENDING, LLC $1,780,000 $430,000 -75.8% 0.1%
Glacier Bank $410,000 n/a 0.1%
FirstBank $285,000 $405,000 42.1% 0.1%
North American Savings Bank, F.S.B. $395,000 $405,000 2.5% 0.1%
Paramount Residential Mortgage Group, Inc. $245,000 $405,000 65.3% 0.1%
PNC Bank $600,000 $405,000 -32.5% 0.1%
CHURCHILL MORTGAGE CORPORATION $1,470,000 $400,000 -72.8% 0.1%
USAlliance Federal Credit Union $395,000 n/a 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $2,495,000 $390,000 -84.4% 0.1%
RESIDENTIAL BANCORP. $465,000 $390,000 -16.1% 0.1%
First Guaranty Mortgage Corporation $2,805,000 $365,000 -87.0% 0.1%
INTERCAP LENDING INC. $355,000 n/a 0.1%
Loan Simple, Inc. $690,000 $350,000 -49.3% 0.1%
LONGBRIDGE FINANCIAL, LLC $430,000 $345,000 -19.8% 0.1%
BNC National Bank $315,000 n/a 0.1%
HOME POINT FINANCIAL CORPORATION $940,000 $310,000 -67.0% 0.1%
LADERA LENDING, INC. $310,000 n/a 0.1%
SIRVA MORTGAGE, INC. $590,000 $305,000 -48.3% 0.1%
Kirtland Federal Credit Union $60,000 $295,000 391.7% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $285,000 n/a 0.1%
MORTGAGEONE, INC. $285,000 n/a 0.1%
MEGASTAR FINANCIAL CORP. $275,000 n/a 0.1%
Sunflower Bank $370,000 $275,000 -25.7% 0.1%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $175,000 $270,000 54.3% 0.1%
EVERETT FINANCIAL, INC. $125,000 $265,000 112.0% 0.1%
Low VA Rates, LLC $810,000 $265,000 -67.3% 0.1%
NBKC BANK $255,000 $265,000 3.9% 0.1%
PREMIA MORTGAGE, LLC $265,000 n/a 0.1%
CLEARPATH LENDING $1,290,000 $255,000 -80.2% 0.1%
NBH Bank $145,000 $255,000 75.9% 0.1%
Discover Bank $245,000 n/a 0.1%
NUSENDA $965,000 $245,000 -74.6% 0.1%
AMERICAN ADVISORS GROUP $345,000 $240,000 -30.4% 0.1%
Barrington Bank & Trust Company, N.A. $810,000 $235,000 -71.0% 0.1%
STARBOARD FINANCIAL MANAGEMENT, LLC $435,000 $220,000 -49.4% 0.1%
BMO Harris Bank $215,000 n/a 0.1%
S1L, Inc. $115,000 $215,000 87.0% 0.1%
Vibrant Credit Union $215,000 n/a 0.1%
Wyndham Capital Mortgage, Inc. $345,000 $215,000 -37.7% 0.1%
Adams Bank & Trust $205,000 n/a 0.1%
Axos Bank $205,000 n/a 0.1%
Chickasaw Community Bank $575,000 $205,000 -64.3% 0.1%
Quontic Bank $225,000 $195,000 -13.3% 0.1%
Figure Lending LLC $85,000 $190,000 123.5% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $365,000 $185,000 -49.3% 0.1%
CENTENNIAL LENDING, LLC $185,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $195,000 $185,000 -5.1% 0.1%
First Bank & Trust $1,025,000 $185,000 -82.0% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $180,000 n/a 0.1%
KELLER MORTGAGE, LLC $1,745,000 $175,000 -90.0% 0.0%
Goldwater Bank, N.A. $165,000 n/a 0.0%
HOMESTAR FINANCIAL CORPORATION $165,000 n/a 0.0%
Mid-Continent Funding, Inc. $680,000 $165,000 -75.7% 0.0%
EMBRACE HOME LOANS, INC. $285,000 $155,000 -45.6% 0.0%
THE MONEY SOURCE INC. $145,000 n/a 0.0%
Truist $395,000 $135,000 -65.8% 0.0%
Bell Bank $275,000 $125,000 -54.5% 0.0%
CHEVRON $125,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $450,000 $125,000 -72.2% 0.0%
Financial Funding Solutions, Inc. $390,000 $115,000 -70.5% 0.0%
FIRST COMMUNITY MORTGAGE, INC. $1,970,000 $115,000 -94.2% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $1,615,000 $105,000 -93.5% 0.0%
M&T Bank $135,000 $95,000 -29.6% 0.0%
QUORUM FEDERAL CREDIT UNION $95,000 n/a 0.0%
AMERICA FIRST $75,000 n/a 0.0%
COUNTRYPLACE MORTGAGE, LTD. $55,000 n/a 0.0%
SPRING EQ, LLC $235,000 $55,000 -76.6% 0.0%
Bethpage Federal Credit Union $35,000 n/a 0.0%
Stifel Bank and Trust $35,000 n/a 0.0%

FARMINGTON's top lender by overall market share is AMCAP MORTGAGE, LTD., with 10.1% market share. In second place, with 7.5%, is CORNERSTONE HOME LENDING, INC., having originated $26,330,000 in loans. In third place, with 6.8%, is QUICKEN LOANS, LLC, having originated $23,980,000 in loans. In fourth place, with 6.4%, is MORTGAGE SOLUTIONS OF COLORADO, LLC, having originated $22,645,000 in loans. In fifth place, with 6.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $21,615,000 in loans.


FARMINGTON Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - FARMINGTON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $207,500 (-0.7%) $247,120 (-1.3%) 0.00 487
2018-02-01 $204,919 (-2.2%) $243,690 (-3.3%) 0.00 481
2018-03-01 $204,900 (-3.0%) $245,070 (-2.9%) 0.00 486
2018-04-01 $199,694 (-7.1%) $243,662 (-5.3%) 0.00 520
2018-05-01 $199,900 (-7.1%) $248,491 (-3.3%) 0.00 537
2018-06-01 $208,000 (-3.3%) $250,099 (-2.1%) 0.00 548
2018-07-01 $209,350 (-2.6%) $249,946 (-3.2%) 0.00 533
2018-08-01 $209,850 (0.0%) $252,485 (-0.7%) 0.00 528
2018-09-01 $210,000 (0.0%) $257,836 (1.0%) 0.00 524
2018-10-01 $209,000 (-0.5%) $253,824 (-0.5%) 0.00 540
2018-11-01 $208,975 (0.5%) $251,798 (-0.8%) 0.00 517
2018-12-01 $214,000 (7.1%) $250,727 (0.8%) 0.00 486
2019-01-01 $214,444 (3.4%) $249,226 (0.9%) 0.00 446
2019-02-01 $209,950 (2.5%) $243,667 (0.0%) 0.00 453
2019-03-01 $216,243 (5.5%) $253,949 (3.6%) 0.00 455
2019-04-01 $219,900 (10.1%) $264,386 (8.5%) 0.00 456
2019-05-01 $219,950 (10.0%) $262,555 (5.7%) 0.00 462
2019-06-01 $219,900 (5.7%) $261,516 (4.6%) 0.00 481
2019-07-01 $219,000 (4.6%) $260,698 (4.3%) 0.00 507
2019-08-01 $218,651 (4.2%) $261,060 (3.4%) 0.00 503
2019-09-01 $216,879 (3.3%) $260,099 (0.9%) 0.00 495
2019-10-01 $215,250 (3.0%) $258,068 (1.7%) 0.00 486
2019-11-01 $215,000 (2.9%) $259,529 (3.1%) 0.00 434
2019-12-01 $215,000 (0.5%) $261,925 (4.5%) 0.00 398
2020-01-01 $209,950 (-2.1%) $259,907 (4.3%) 0.00 366
2020-02-01 $209,650 (-0.1%) $258,307 (6.0%) 0.00 381
2020-03-01 $209,925 (-2.9%) $257,516 (1.4%) 0.00 394
2020-04-01 $210,000 (-4.5%) $263,799 (-0.2%) 0.00 388
2020-05-01 $218,000 (-0.9%) $270,178 (2.9%) 0.00 364
2020-06-01 $209,950 (-4.5%) $260,280 (-0.5%) 0.00 353
2020-07-01 $212,450 (-3.0%) $258,303 (-0.9%) 0.00 375
2020-08-01 $209,900 (-4.0%) $255,794 (-2.0%) 0.00 370
2020-09-01 $204,900 (-5.5%) $259,136 (-0.4%) 0.00 335
2020-10-01 $205,375 (-4.6%) $266,758 (3.4%) 0.00 311
2020-11-01 $207,000 (-3.7%) $260,486 (0.4%) 0.00 290
2020-12-01 $202,750 (-5.7%) $255,716 (-2.4%) 0.00 273
2021-01-01 $205,000 (-2.4%) $253,691 (-2.4%) 0.00 245
2021-02-01 $208,000 (-0.8%) $263,302 (1.9%) 0.00 252
2021-03-01 $213,500 (1.7%) $265,077 (2.9%) 0.00 237
2021-04-01 $211,388 (0.7%) $273,405 (3.6%) 0.00 203
2021-05-01 $219,900 (0.9%) $295,832 (9.5%) 0.00 207
2021-06-01 $222,000 (5.7%) $320,693 (23.2%) 0.00 200
2021-07-01 $222,375 (4.7%) $330,029 (27.8%) 0.00 206
2021-08-01 $225,000 (7.2%) $335,741 (31.3%) 0.00 212
2021-09-01 $230,550 (12.5%) $330,997 (27.7%) 0.00 218
2021-10-01 $245,000 (19.3%) $360,150 (35.0%) 0.00 193
2021-11-01 $259,447 (25.3%) $363,665 (39.6%) 0.00 185
2021-12-01 $272,250 (34.3%) $368,971 (44.3%) 0.00 163
2022-01-01 $289,900 (41.4%) $394,179 (55.4%) 0.00 116
2022-02-01 $273,450 (31.5%) $375,491 (42.6%) 0.00 111
2022-03-01 $261,750 (22.6%) $345,694 (30.4%) 0.00 117
2022-04-01 $299,900 (41.9%) $410,833 (50.3%) 0.00 115
2022-05-01 $318,725 (44.9%) $432,891 (46.3%) 0.00 108
2022-06-01 $317,700 (43.1%) $404,742 (26.2%) 0.00 144
2022-07-01 $287,450 (29.3%) $381,989 (15.7%) 0.00 148
2022-08-01 $299,000 (32.9%) $405,702 (20.8%) 0.00 131
2022-09-01 $300,725 (30.4%) $425,187 (28.5%) 0.00 113
2022-10-01 $299,000 (22.0%) $385,715 (7.1%) 0.00 102
2022-11-01 $302,225 (16.5%) $404,226 (11.2%) 0.00 98
2022-12-01 $285,000 (4.7%) $405,744 (10.0%) 0.00 96
2023-01-01 $320,000 (10.4%) $429,925 (9.1%) 0.00 85
2023-02-01 $349,500 (27.8%) $486,999 (29.7%) 0.00 66
2023-03-01 $350,000 (33.7%) $477,746 (38.2%) 0.00 66
2023-04-01 $342,000 (14.0%) $466,954 (13.7%) 0.00 69
2023-05-01 $333,925 (4.8%) $464,500 (7.3%) 0.00 89
2023-06-01 $330,000 (3.9%) $456,319 (12.7%) 0.00 107
2023-07-01 $333,750 (16.1%) $476,929 (24.9%) 0.00 121
2023-08-01 $350,000 (17.1%) $502,342 (23.8%) 0.00 127
2023-09-01 $349,950 (16.4%) $477,738 (12.4%) 0.00 140
2023-10-01 $338,250 (13.1%) $478,104 (24.0%) 0.00 146
2023-11-01 $337,500 (11.7%) $460,199 (13.9%) 0.00 148
2023-12-01 $332,400 (16.6%) $468,760 (15.5%) 0.00 137
FARMINGTON's median listing price for 2023-12-01 was $332,400, a difference of $47,400 (16.6%) versus the prior year and $-5,100 versus the prior month.

FARMINGTON's median listing price comes in at 0% of the national average.

FARMINGTON's average listing price for 2023-12-01 was $468,760, a difference of $63,016 (15.5%) versus the prior year and $8,561 versus the prior month.

For the 2023-12-01 period, FARMINGTON had 137 MLS listings, a difference of -11 listings (-7%) versus the prior month and 41 listings (43%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - FARMINGTON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,812 sqft
2018-02-01 0 days 1,796 sqft
2018-03-01 0 days 1,803 sqft
2018-04-01 0 days 1,782 sqft
2018-05-01 0 days 1,818 sqft
2018-06-01 0 days 1,864 sqft
2018-07-01 0 days 1,864 sqft
2018-08-01 0 days 1,881 sqft
2018-09-01 0 days 1,895 sqft
2018-10-01 0 days 1,886 sqft
2018-11-01 0 days 1,897 sqft
2018-12-01 0 days 1,901 sqft
2019-01-01 0 days 1,866 sqft
2019-02-01 0 days 1,820 sqft
2019-03-01 0 days 1,848 sqft
2019-04-01 0 days 1,889 sqft
2019-05-01 0 days 1,885 sqft
2019-06-01 0 days 1,883 sqft
2019-07-01 0 days 1,876 sqft
2019-08-01 0 days 1,867 sqft
2019-09-01 0 days 1,850 sqft
2019-10-01 0 days 1,829 sqft
2019-11-01 0 days 1,838 sqft
2019-12-01 0 days 1,881 sqft
2020-01-01 0 days 1,885 sqft
2020-02-01 0 days 1,838 sqft
2020-03-01 0 days 1,812 sqft
2020-04-01 0 days 1,842 sqft
2020-05-01 0 days 1,901 sqft
2020-06-01 0 days 1,863 sqft
2020-07-01 0 days 1,848 sqft
2020-08-01 0 days 1,792 sqft
2020-09-01 0 days 1,770 sqft
2020-10-01 0 days 1,816 sqft
2020-11-01 0 days 1,799 sqft
2020-12-01 0 days 1,717 sqft
2021-01-01 0 days 1,702 sqft
2021-02-01 0 days 1,827 sqft
2021-03-01 0 days 1,853 sqft
2021-04-01 0 days 1,795 sqft
2021-05-01 0 days 1,782 sqft
2021-06-01 0 days 1,790 sqft
2021-07-01 0 days 1,763 sqft
2021-08-01 0 days 1,767 sqft
2021-09-01 0 days 1,778 sqft
2021-10-01 0 days 1,887 sqft
2021-11-01 0 days 1,954 sqft
2021-12-01 0 days 1,972 sqft
2022-01-01 0 days 2,005 sqft
2022-02-01 0 days 1,942 sqft
2022-03-01 0 days 1,844 sqft
2022-04-01 0 days 2,004 sqft
2022-05-01 0 days 2,056 sqft
2022-06-01 0 days 2,052 sqft
2022-07-01 0 days 1,916 sqft
2022-08-01 0 days 2,019 sqft
2022-09-01 0 days 2,078 sqft
2022-10-01 0 days 2,027 sqft
2022-11-01 0 days 2,043 sqft
2022-12-01 0 days 1,950 sqft
2023-01-01 0 days 2,000 sqft
2023-02-01 0 days 2,031 sqft
2023-03-01 0 days 2,030 sqft
2023-04-01 0 days 1,995 sqft
2023-05-01 0 days 1,952 sqft
2023-06-01 0 days 1,973 sqft
2023-07-01 0 days 1,992 sqft
2023-08-01 0 days 2,081 sqft
2023-09-01 0 days 2,114 sqft
2023-10-01 0 days 2,028 sqft
2023-11-01 0 days 2,019 sqft
2023-12-01 0 days 2,000 sqft
FARMINGTON's median listing age (time on market) for 2023-12-01 was 0 days.

FARMINGTON's median square footage for active listings during the 2023-12-01 period was 2,000 sqft. One year prior, the average listing was 1,950 sqft.

FARMINGTON, NM Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
81137 Farmington, NM $860 $870 $1,010 $1,350 $1,570
87013 Farmington, NM $620 $700 $850 $1,220 $1,460
87037 Farmington, NM $650 $680 $790 $1,070 $1,260
87313 Farmington, NM $620 $630 $730 $970 $1,120
87325 Farmington, NM $620 $630 $730 $970 $1,120
87328 Farmington, NM $620 $630 $730 $970 $1,120
87364 Farmington, NM $620 $630 $730 $970 $1,120
87401 Farmington, NM $770 $790 $910 $1,210 $1,410
87402 Farmington, NM $950 $970 $1,120 $1,490 $1,740
87410 Farmington, NM $720 $730 $850 $1,130 $1,320
87412 Farmington, NM $690 $710 $820 $1,100 $1,280
87413 Farmington, NM $690 $700 $810 $1,080 $1,260
87415 Farmington, NM $830 $850 $980 $1,310 $1,530
87416 Farmington, NM $870 $880 $1,020 $1,360 $1,580
87417 Farmington, NM $700 $710 $820 $1,090 $1,270
87418 Farmington, NM $620 $630 $730 $970 $1,120
87419 Farmington, NM $820 $830 $960 $1,280 $1,500
87420 Farmington, NM $620 $630 $730 $970 $1,120
87421 Farmington, NM $880 $890 $1,030 $1,370 $1,600
87455 Farmington, NM $620 $630 $730 $970 $1,120
87461 Farmington, NM $620 $630 $730 $970 $1,120
87499 Farmington, NM $680 $690 $800 $1,060 $1,230

2022 Average & Median Rent Data Statistics
FARMINGTON, NM average 1BR rent: $729, median: $700
FARMINGTON, NM average 2BR rent: $846, median: $815
FARMINGTON, NM average 3BR rent: $1,131, median: $1,085

FARMINGTON, NM Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,216 $250,620,000 $206,102
Cash Out Refi 276 $51,850,000 $187,862
Refi 202 $42,810,000 $211,931
Other 39 $4,705,000 $120,641
Home Improvement 32 $2,960,000 $92,500

Farmington's most frequently cited loan purpose was Home Purchase, with 1,216 originations. The 2nd most popular reason was Cash Out Refi, with 276 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 455 $95,645,000 $210,209
4-5% 365 $78,995,000 $216,425
3-4% 317 $64,945,000 $204,874
6-7% 235 $49,895,000 $212,319
7-8% 101 $10,305,000 $102,030
2.5-3% 81 $18,325,000 $226,235
Over 8% 70 $5,350,000 $76,429
<2.5% 61 $7,765,000 $127,295

During 2022, Farmington's most frequently originated rate bucket was 5-6%, with 455 originations.

Loan Sizing (FARMINGTON, NM MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 728 $110,990,000 $152,459
$200k-400k 653 $174,345,000 $266,991
$100,000 or less 282 $13,100,000 $46,454
$400k-600k 84 $39,710,000 $472,738
$600k-1000k 17 $11,865,000 $697,941
$Over $1MM 1 $2,935,000 $2,935,000

FARMINGTON's loan sizing saw the bucket of loans from $100k-200k with 728 originations, totaling $110,990,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 933 $213,615,000 $228,955
60-80% 388 $78,190,000 $201,521
40-60% 120 $18,480,000 $154,000
Under 20% 120 $1,820,000 $15,167
20-40% 66 $7,100,000 $107,576
Over 100% 31 $9,385,000 $302,742

FARMINGTON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 933 originations, totaling $213,615,000 in origination value.