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La Plata, NM Home Values and Rents
The typical home value in La Plata is $315,606, 71st highest of 150 cities and towns in New Mexico. Median rent is $938 a month.
- Typical home value
- $315,606
- 71st of 150 in NM
- Median rent
- $938/mo
- ACS 2020-2024
- Price change, 1 year
- +6.8%
- Sep 2026
- Homeownership
- 82.9%
- NM: 70.0%
Typical home value in La Plata
Zillow Home Value Index, all homes, middle tier
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| Period | La Plata |
|---|---|
| Sep 2026 | $315,606 |
| Dec 2025 | $307,637 |
| Dec 2024 | $293,549 |
| Dec 2023 | $284,239 |
| Dec 2022 | $269,566 |
| Dec 2021 | $245,603 |
Over five years, La Plata prices changed +30.6%.
Source: Zillow Research · Last updated 09/01/2026
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Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
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| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 87418 | $225,000 | - | - | - |
Fair Market Rents, FY2027
HUD rent standard for Farmington, NM MSA
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $850 | -3.6% |
| 1 bedroom | $855 | -3.4% |
| 2 bedrooms | $1,116 | +2.9% |
| 3 bedrooms | $1,545 | +2.4% |
| 4 bedrooms | $1,673 | +2.6% |
Frequently asked questions
- What is the typical home value in La Plata, NM?
- The typical home value in La Plata is $315,606 (Zillow Home Value Index, Sep 2026). The New Mexico median is $248,100.
- How much is rent in La Plata?
- The median rent in La Plata is $938 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,116.
- Are home prices going up in La Plata?
- The typical home value in La Plata changed +6.8% over one year and +30.6% over five years, as of Sep 2026.
- How does La Plata compare with the rest of New Mexico?
- La Plata has the 71st highest median home value of 150 cities and towns with 1,000+ residents in New Mexico.
- Which ZIP code in La Plata has the highest home values?
- ZIP code 87418 has the highest median home value at $225,000.