87401 — Farmington, NM Home Values
Typical home value $275,208 as of June 2026 · 6th of 10 in Farmington, NM
Blue: typical home value (Zillow ZHVI) in ZIP code 87401, June 2021 to June 2026. This page shows observed data only; no forecast.
How 87401 compares in the Farmington, NM area
ZIP code 87401 (Farmington, NM) has a typical home value of $275,208 as of June 2026, ranking 6th of 10 ZIP codes tracked in the Farmington, NM area, more expensive than about 50% of ZIP codes in the metro. Prices here have moved +5.1% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +39.0%, from $197,947 in June 2021 to $275,208 in June 2026. Against observed rent, the typical home here sells for 17.2× the annual rent ($1,335/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Farmington, NM forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Farmington.
Population and demographics
ZIP code 87401 has a population of 45,020, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 37.9% White, 30.4% American Indian or Alaska Native, 25.8% Hispanic or Latino, 4% two or more races, 1.2% Asian, 0.6% Black or African American, and 0.1% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| NORTHEAST ELEMENTARY | 1400 EAST 23RD, FARMINGTON, NM | 0.9 mi |
| ANIMAS ELEMENTARY | 1612 HUTTON AVE, FARMINGTON, NM | 0.9 mi |
| MCKINLEY ELEMENTARY | 1201 NORTH BUTLER AVE, FARMINGTON, NM | 1 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 87401?
$275,208 as of June 2026, the latest month Zillow has published observed data for.
Is 87401 an expensive ZIP code in the Farmington, NM area?
87401 ranks 6th of 10 ZIP codes in the Farmington, NM area by typical home value, more expensive than about 50% of ZIP codes in the metro.
How much have home values in 87401 changed over the past year?
+5.1% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 87401?
The typical home price is 17.2× the observed annual rent in this ZIP code ($1,335/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 87401?
45,020, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 87401?
NORTHEAST ELEMENTARY (0.9 mi), ANIMAS ELEMENTARY (0.9 mi), MCKINLEY ELEMENTARY (1 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 87401?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Farmington, NM forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.