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  1. Home
  2. /Browse ZIP Codes
  3. /New Mexico
  4. /Santa Fe, NM - 87501

Santa Fe, NM—87501

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$751,000
1.4% YoY Growth
Household Income
$81,200
19.1% YoY Growth
Days on Market
65
16.0% Shorter YoY
Home Price Forecast
0.2%
Median Rent
$2,140
4.7% YoY Growth
1-Bed Rent
$1,780
14.2% YoY Growth
2-Bed Rent
$2,330
14.6% YoY Growth
3-Bed Rent
$2,800
3.7% YoY Growth

Other Zip Codes in Santa Fe, NM

87508875068750787505
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Santa Fe, NM

As of May '26, the median home price in Santa Fe, NM is $751,000, with a year-over-year change of 1.4%. This indicates that home prices in Santa Fe, NM are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$751,0001.4%
Single Family $808,0001.9%
Condos $578,0001.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $432,000
    0.2%
    2 Bed
    		$633,0001.8%
    3 Bed
    		$842,0002.7%
    4 Bed
    		$1,269,0003.2%
    5 Bed $2,086,1964.2%
    Loading chart...

    % of Housing Stock

    Studio
    4.8%
    1 Bedroom
    15.4%
    2 Bedrooms
    36.8%
    3 Bedrooms
    32.8%
    4 Bedrooms
    8.7%
    5+ Bedrooms
    1.5%

    Rental Trends — Santa Fe, NM

    As of July '25, Rentcast reports the average rent in Santa Fe, NM is $2,440, with a year-over-year rent change of 4.7%. Per bedroom, the median rent as of July '25 in Santa Fe, NM is studios: $1,410, 1-bedrooms: $1,930, 2-bedrooms: $2,590, 3-bedrooms: $3,060. The most common rental property sizes in Santa Fe, NM are 2-bedroom and 1-bedroom, accounting for 46.1% and 30.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,140$2,440
    Studio Rent $1,250$1,410
    1 Bed Rent $1,780$1,930
    2 Bed Rent $2,330$2,590
    3 Bed Rent $2,800$3,060
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    6.9%
    1 Bedroom
    30.7%
    2 Bedrooms
    46.1%
    3 Bedrooms
    13.8%
    4 Bedrooms
    2.1%
    5+ Bedrooms
    0.4%

    Property Listings — Santa Fe, NM

    As of May '26, Realtor.com reports that the median days on market for a home in Santa Fe, NM is 65. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$892,000-4.0%
    Listing Count
    		163-3.0%
    Listings as % of Homes0.8%-3.0%
    Days on Market
    		65-16.0%
    Loading chart...

    Demographics — Santa Fe, NM

    As of the latest ACS Survey released in 2023, Santa Fe, NM has a population of 15,400, which has decreased by -2.9% over the past 5 years. Santa Fe, NM is a less popular place for families, as children make up 9.0% of the population. The area has a highly educated workforce, with 60.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		15,400-2.9%
    % Under 18
    		9.0%-14.3%
    % Seniors
    		41.0%21.3%
    % WFH
    		21.6%91.2%
    % w/ College Degree
    		60.8%5.6%
    Loading chart...

    As of the latest ACS Survey released in 2023, Santa Fe, NM is a predominantly white area, with 64.2% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Santa Fe, NM is hispanic, making up 28.3% of the population. Foreign-born residents account for 7.5% of the population in Santa Fe, NM, and this percentage has decreased by 2.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		64.2%-1.7%
    % Black
    		0.7%-22.2%
    % Hispanic
    		28.3%-6.0%
    % Asian
    		1.1%-15.4%
    % Foreign Born
    		7.5%-2.6%
    Loading chart...

    Mortgage and Risk — Santa Fe, NM

    According to HUD data as of 2023, there were 199 mortgage originations in Santa Fe, NM, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Santa Fe, NM. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		199
    % Conventional Loans
    		94.0%
    % Government Loans
    		6.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		14.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Santa Fe, NM

    Santa Fe, NM lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		212
    Total Units Section 8
    		184
    % Rentals under Section 8
    		6.7%
    % Occupied Section 8
    		84.6%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$170$1,780$1,610
    2 Bedroom-$410$2,330$1,920
    3 Bedroom-$370$2,800$2,430
    4 BedroomN/AN/A$2,550

    Affordability — Santa Fe, NM

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio8.8
    Median Home Price$751,000
    Median Household Income$81,200

    Santa Fe, NM — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Santa Fe, NM

    87505

    Santa Fe, NM

    87506

    Glorieta, NM

    87535

    Santa Fe, NM

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    Pecos, NM

    87552

    Frequently Asked Questions