Rental numbers for the Farmington, NM metro
The typical home here runs -$913 a month at 7.78% with 25% down, breaking even at about 0.2%. 0 of 2 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.1%.
- Gross yield
- 5.5%
- typical home, Zillow
- Median ZIP yield
- 6.1%
- 2 ZIPs with full data
- Cash flow
- -$913/mo
- at 7.78%, 25% down
- Typical price
- $282,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,303/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
10 with published figures
| 87410Aztec | $285,000 | $1,613 | 6.8% | 3.6% | -$675 | n/a |
| 87419Navajo Dam | $224,000 | $1,180* | 6.3% | 3.0% | -$637 | n/a |
| 87415Flora Vista | $312,000 | $1,630* | 6.3% | 3.5% | -$767 | n/a |
| 87421Waterflow | $244,000 | $1,170* | 5.8% | 2.7% | -$763 | n/a |
| 87401Farmington | $278,000 | $1,245 | 5.4% | 2.4% | -$933 | +5.7% |
| 87416Waterflow | $281,000 | $1,230* | 5.3% | 2.3% | -$979 | n/a |
| 87417Kirtland | $236,000 | $970* | 4.9% | 2.1% | -$869 | n/a |
| 87413Bloomfield | $267,000 | $1,020* | 4.6% | 1.6% | -$1,084 | n/a |
| 87402Farmington | $338,000 | $1,200* | 4.3% | 1.6% | -$1,370 | n/a |
| 87418La Plata | $327,000 | $1,150* | 4.2% | 1.3% | -$1,397 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +7.3%
- Rent, 12 months
- +4.4%
- Rent minus price growth
- -2.9 pts
- Property tax
- 0.64%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $210,353 | n/a |
| Aug 2022 | $236,526 | n/a |
| Aug 2023 | $245,880 | $1,120 |
| Aug 2024 | $258,868 | $1,174 |
| Aug 2025 | $262,339 | $1,248 |
| Aug 2026 | $281,628 | $1,303 |
Counties
- San Juan County, NM6.1% median yield
Tools
Questions
- Is the Farmington, NM metro good for rental property?
- The typical home here runs -$913 a month at 7.78% with 25% down, breaking even at about 0.2%. 0 of 2 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.1%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Farmington, NM metro have the highest rental yield?
- 87410 (Aztec) at 6.8%, 87401 (Farmington) at 5.4%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.