HousingHandbookReference data

U.S. ZIP Code · NM87416

San Juan County · Farmington, NM

Typical home value

$265,071[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.6%
5-year / yr
+5.5%
10-year / yr

Relative price

vs U.S.
-6.7%
vs metro
≈ metro median
vs state
-5.2%
ZIP 87416 location in NM
Location of ZIP 87416 in NM

Price history

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

The typical home in 87416 is worth $265,071. Over the past year, values have risen 4.6%. The effective property tax rate is 0.2%.

#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
0.2%[3]
Typical annual tax
$605[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
4,546[3]
Median household income
$49,973[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
2
Elementary
2
Middle
0
High
0
  • OJO AMARILLO ELEMENTARY

    Elementary · Grades PK–6 · CENTRAL

    299 students

  • Nenahnezad Community School

    Elementary · Grades K–6 · Nenahnezad Community School

    146 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$1,340
Loan principal$212,057
Down payment$53,014
Total interest paid$270,467

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$1,612
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
56th percentile[1]
Rental yield
[2]
Property tax
13th percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 87416?
The typical home in 87416 is worth $265,071, based on the Zillow Home Value Index.
Are home values rising in 87416?
Home values in 87416 are up 4.6% over the past year, and up 5.5% a year over five years.
What is the property tax rate in 87416?
The effective property tax rate in 87416 is 0.2% — roughly $605 a year on a typical home.
Who lives in 87416?
ZIP code 87416 has a population of 4,546 and a median household income of $49,973.

#Comparable ZIPs

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

  • Farmington, NM

    Typical home
    $267,904
    Gross yield
    5.6%
  • Aztec, NM

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

    Typical home
    $250,848
    Gross yield
  • Flora Vista CDP, NM

    Typical home
    $302,448
    Gross yield
  • Waterflow CDP, NM

    Typical home
    $227,546
    Gross yield
  • Kirtland, NM

    Typical home
    $226,913
    Gross yield

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