Farmington, NM Metro Area: Median Gross Rent Trend
How Farmington, NM Metro Area's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$778
2023
$917
Total change
+$139
% change
+17.9%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $778 | — |
| 2019 | $817 | +$39 (5%) |
| 2020 | $803 | $14 (-1.7%) |
| 2021 | $839 | +$36 (4.5%) |
| 2022 | $894 | +$55 (6.6%) |
| 2023 | $917 | +$23 (2.6%) |