Farmington, NM 87401 Landlot Properties For Sale
The median home value in Farmington, NM 87401 is $191,800. This is lower than the county median home value of $202,100. The national median home value is $338,100. The average price of homes sold in Farmington, NM 87401 is $191,800. Approximately 56.40% of Farmington, NM 87401 homes are owned, compared to 32.35% rented, while 11.25% are vacant. Farmington, NM 87401 real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Farmington, NM 87401 real estate agent to arrange a tour today!
Learn More About Farmington, NM 87401 Real EstateStatistics & facts
46,830
Population
$191K
Medium Home Value
15,255
# of Households
11.25%
Housing Vacancy
38.03%
Future Job Growth
3.50%
Unemployment Rate
Information Not Guaranteed. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or selling. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Triangle MLS, Inc. of North Carolina. All rights reserved.
Population
Farmington, NM 87401 has a population of approximately 46,830 and experiences a population change rate of 17.35%. The population density is 358.6 / sq mi.
Household
The median household income for Farmington, NM 87401 is $49,950, with 15,255 households and an average household size of 3.
Cost of Living
The cost of living index in Farmington, NM 87401 is 93%.
Home Value
The median value of a home in Farmington, NM 87401 is $191,800 with an appreciation rate of 13.4%. 56.4% of housing in the zip code is owned while 32.4% is rented.
Employment
The unemployment rate in Farmington, NM 87401 is 3.50%, and recent job growth is at 2.34%. Future job growth is projected at 38.03%.
Taxes
The sales tax rate in Farmington, NM 87401 is 8.31%, while the income tax rate is 4.90%.
Education
School expenditures in Farmington, NM 87401 are $12,458, and the school ratio is 15.1:1.
Weather
The average high temperature in July is 91.3 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 9.4 inches per year, with 12.7 inches of snow per year.
Education near Farmington NM, 87401
| Metric | City | County |
|---|---|---|
| High School Graduates | 87.65 | 85.85 |
| College Degree - 2 year | 13.89 | 12.5 |
| College Degree - 4 year | 19.79 | 14.92 |
| Graduate Degree | 6.83 | 4.66 |
| Expenditures per Student | $12,458 | $12,458 |
| Students per Teacher | 15.10 | 15.10 |
Elementary Schools near Farmington NM , 87401
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Country Club Elementary School | KG - 05 | 546 | 17.3 | 87401 |
| Esperanza Elementary School | PK - 05 | 610 | 14.7 | 87401 |
| Kirtland Elementary School | KG - 06 | 602 | 14.9 | 87417 |
| Kirtland Pre-K Early | PK - PK | 126 | 25.2 | 87417 |
| Ladera Del Norte Elementary School | KG - 05 | 598 | 15.9 | 87401 |
| McKinley Elementary School | KG - 05 | 614 | 15.4 | 87401 |
| Mesa Verde Elementary School | KG - 05 | 582 | 16.6 | 87401 |
| Northeast Elementary School | KG - 05 | 556 | 15 | 87401 |
| Ruth N Bond Elementary | KG - 03 | 364 | 15.5 | 87417 |
Middle Schools near Farmington NM , 87401
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Grace B. Wilson Elementary | 04 - 06 | 230 | 14.7 | 87417 |
| Heights Middle School | 06 - 08 | 695 | 16.4 | 87401 |
| Hermosa Middle School | 06 - 08 | 563 | 14.6 | 87401 |
| Kirtland Middle School | 07 - 08 | 474 | 15.3 | 87417 |
| Mesa View Middle School | 06 - 08 | 612 | 15.3 | 87401 |
| Tibbetts Middle School | 06 - 08 | 578 | 12.9 | 87401 |
High Schools near Farmington NM , 87401
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Central High School | 09 - 12 | 815 | 18.1 | 87417 |
| Farmington High School | 09 - 12 | 1424 | 17.3 | 87401 |
| Piedra Vista High School | 09 - 12 | 1407 | 17.2 | 87402 |
Ungraded Schools near Farmington NM , 87401
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| * Rocinante High School | 09 - 12 | 176 | 16.2 | 87401 |
| New Mexico Virtual Academy | 06 - 12 | 529 | 43.1 | 87409 |
