Is Farmington, NM a good place to invest in rental property?

Farmington, NM has a median modeled monthly cash flow of $-527 and a median cap rate of 4.2%, on a median sold price of $295,000. Prices changed n/a year over year.

What is the average cap rate in Farmington, NM?

The median cap rate across recently sold homes in Farmington, NM is 4.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Farmington, NM?

The median sold price in Farmington, NM is $295,000 (about $177 per square foot).

Investing in Farmington, NM Real Estate

A data-driven snapshot of the Farmington, NM rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$295,000Median sold price

$177Median $/sqft

4.2%Median cap rate

$-527Modeled cash flow / mo

—Appreciation YoY

44.6Months of supply

424Active listings

114Sold (last 12 mo)

What the Farmington numbers say

In Farmington, NM, the median home sold for $295,000 (about $177 per square foot), and the typical deal models out to a 4.2% cap rate with a median $-527 of monthly cash flow. Inventory sits at about 44.6 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New Mexico markets to compare

See Farmington cash-flowing listings

CashFlowRE ranks every for-sale home in Farmington, NM by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Farmington deals, or browse the national market data.