Lamy tops New Mexico's most expensive home markets with a typical value of $849,071, followed by Corrales and Los Ranchos de Albuquerque. Albuquerque leads with 12 cities in the top 30, including Placitas and Rio Rancho. Santa Fe and Taos also feature prominently. Home values have generally increased over five years, with some cities seeing over 50% growth, despite recent slight declines in a few areas.