Farmington is the sixth largest (≈46,000) and serves as an economic hub for northwestern New Mexico, tied to energy, minerals, and the Navajo/San Juan region. The housing market includes older mid-century single-family homes, newer subdivisions, and more land‐rich plots in semi-rural settings. The atmosphere is less dense urban and more small-city/rural fringe blend. Median home value around USD $266,000. For building, land plus infrastructure may cost more depending on remote utilities, so you might estimate USD $200–300 per sq ft plus lot cost; in certain rural lots utility cost could add premium.