Market Overview
Home Prices in Waterflow, NM
The median home value in Waterflow, NM is $247,350 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.8% compared to a year ago and down 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Waterflow are priced40% below average. Waterflow is part of the Farmington, NM metro area.
Over the past five years, Waterflow home values have risen by approximately17.7%, reflecting steady appreciation in this market.
Price History
Waterflow Home Price Trend
City Comparison
Waterflow vs. National Median
At $247,350, homes in Waterflow cost 40% below the national median of $410,000. This makes Waterflow a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Waterflow?
20% Down Payment
$49,470
on $247,350
Monthly P&I
$1,290/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,638/mo
incl. taxes & insurance
Income Needed
$65,520
gross annual (30% rule)
10% Down Option
$24,735
+ PMI applies
Loan Amount (20% dn)
$197,880
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Waterflow, NM?
The median home value in Waterflow is $247,350 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.8% year-over-year.
How much have home prices changed in Waterflow?
Over the past year, home values in Waterflow have increased by 10.8%. Over five years, prices have risen approximately 17.7%.
How much do I need to earn to buy a home in Waterflow?
To comfortably afford the median home price of $247,350 with a 20% down payment ($49,470) at today's rates (6.8%), you'd need a gross annual income of approximately $65,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Waterflow compare to the national average home price?
The national median home value is approximately $410,000. At $247,350, homes in Waterflow are 40% below the national average.
What metro area is Waterflow part of?
Waterflow is part of the Farmington, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.