87402 — Farmington, NM Home Values
Typical home value $334,610 as of June 2026 · 1st of 10 in Farmington, NM
Blue: typical home value (Zillow ZHVI) in ZIP code 87402, June 2021 to June 2026. This page shows observed data only; no forecast.
How 87402 compares in the Farmington, NM area
ZIP code 87402 (Farmington, NM) has a typical home value of $334,610 as of June 2026, ranking 1st of 10 ZIP codes tracked in the Farmington, NM area, the most expensive ZIP code in the metro. Prices here have moved +6.3% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +46.6%, from $228,224 in June 2021 to $334,610 in June 2026. Against observed rent, the typical home here sells for 25.3× the annual rent ($1,100/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 87402 has a population of 10,997, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 47.9% White, 28.2% Hispanic or Latino, 19.3% American Indian or Alaska Native, 2.9% two or more races, 0.9% Black or African American, 0.6% another race, 0.2% Asian, and 0.1% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| PIEDRA VISTA HIGH | 5700 COLLEGE BLVD, FARMINGTON, NM | 1.3 mi |
| COUNTRY CLUB ELEMENTARY | 5300 FOOTHILLS DR, FARMINGTON, NM | 1.5 mi |
| FARMINGTON PRESCHOOL ACADEMY EAST | 5840 FORTUNA DR, FARMINGTON, NM | 1.6 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 87402?
$334,610 as of June 2026, the latest month Zillow has published observed data for.
Is 87402 an expensive ZIP code in the Farmington, NM area?
87402 ranks 1st of 10 ZIP codes in the Farmington, NM area by typical home value, the most expensive ZIP code in the metro.
How much have home values in 87402 changed over the past year?
+6.3% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 87402?
The typical home price is 25.3× the observed annual rent in this ZIP code ($1,100/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 87402?
10,997, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 87402?
PIEDRA VISTA HIGH (1.3 mi), COUNTRY CLUB ELEMENTARY (1.5 mi), FARMINGTON PRESCHOOL ACADEMY EAST (1.6 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 87402?
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.