Santa Fe, NM is a beautiful city with a thriving economy that is reflected in its housing market. The median value for houses in Santa Fe is $541,100, which is significantly higher than the US median value of $338,100. This difference reflects the desirability of living in Santa Fe and suggests that the housing market in Santa Fe has been strong. In addition to this, the 1 year appreciation rate for houses in Santa Fe has been 15.22%, higher than the national average of 8.27%. This demonstrates how much house prices have increased over the last year and makes investing in real estate in Santa Fe much more attractive.
The median home cost in Santa Fe is $541,100. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Santa Fe is up 15.7%.
Average Age of Homes
- The median age of Santa Fe real estate is 34 years old
The Rental Market in Santa Fe
- Renters make up 33.3% of the Santa Fe population
- 1.8% of houses and apartments in Santa Fe, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.