HousingHandbookReference data

U.S. ZIP Code · NM87402

San Juan County · Farmington, NM

Typical home value

$328,859[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.9%
5-year / yr
+7.9%
10-year / yr
+5.7%

Relative price

vs U.S.
+15.8%
vs metro
+23.4%
vs state
+17.6%
ZIP 87402 location in NM
Location of ZIP 87402 in NM

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 87402 is worth $328,859 — 23.4% above the Farmington, NM median. Over the past year, values have risen 4.9%. The effective property tax rate is 0.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.5%[3]
Typical annual tax
$1,663[3]

#Climate risk

FEMA National Risk Index ratings for San Juan County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
Relatively High
Heat wave
Relatively Moderate
Hurricane
Not Applicable
Tornado
Very Low
Earthquake
Relatively Low
Winter weather
Relatively High

#Who lives here

Population
11,418[3]
Median household income
$79,461[3]

#Migration

Household moves in and out of San Juan County over a year, from IRS tax-return data.

Net migration
-77[5]
Moved in
1,966
Moved out
2,043

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
3
Elementary
0
Middle
0
High
2
  • PIEDRA VISTA HIGH

    High · Grades 9–12 · FARMINGTON

    1,591 students

  • SAN JUAN COLLEGE HIGH SCHOOL

    High · Grades 9–12 · FARMINGTON

    297 students

  • FARMINGTON PRESCHOOL ACADEMY EAST

    Prekindergarten · Grades PK · FARMINGTON

    98 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,663
Loan principal$263,088
Down payment$65,772
Total interest paid$335,554

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$2,077
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
100th percentile[1]
Rental yield
[2]
Property tax
50th percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 87402?
The typical home in 87402 is worth $328,859, based on the Zillow Home Value Index.
Are home values rising in 87402?
Home values in 87402 are up 4.9% over the past year, and up 7.9% a year over five years.
What is the property tax rate in 87402?
The effective property tax rate in 87402 is 0.5% — roughly $1,663 a year on a typical home.
Who lives in 87402?
ZIP code 87402 has a population of 11,418 and a median household income of $79,461.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • La Plata CDP, NM

    Typical home
    $314,453
    Gross yield
  • Flora Vista CDP, NM

    Typical home
    $302,448
    Gross yield
  • Aztec, NM

    Typical home
    $272,365
    Gross yield
  • Farmington, NM

    Typical home
    $267,904
    Gross yield
    5.6%
  • Upper Fruitland CDP, NM

    Typical home
    $265,071
    Gross yield
  • Bloomfield, NM

    Typical home
    $250,848
    Gross yield

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