Santa Fe Metro Area, NM Housing

The housing market in the Santa Fe, NM Metro Area is booming. The median value for a house in the area is $490,000, which is far above the national median of $338,100. Furthermore, the one-year appreciation rate of houses in the area stands at 10.11%, significantly higher than the 8.27% appreciation rate nationally. This indicates that Santa Fe's housing market is particularly strong and promising for potential homeowners and investors alike.

The median home cost in Santa Fe Metro Area is $490,000. Home appreciation the last 10 years has been 86.0%. Home Appreciation in Santa Fe Metro Area is up 15.8%.

Average Age of Homes

- The median age of Santa Fe Metro Area real estate is 29 years old

The Rental Market in Santa Fe Metro Area

- Renters make up 26.2% of the Santa Fe Metro Area population
- 1.3% of houses and apartments in Santa Fe Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Santa Fe, New Mexico	United States
	75,798.0	139,647,020.0
	33	42
	$490,000	$338,100
	15.8%	16.6%
	61.9%	57.0%
	86.0%	101.1%
	$5.58	$10.98
	$1,759	$2,690
	62.0%	57.4%
	13.1%	11.2%
	24.9%	31.4%
Vacant Housing
	1.3%	1.9%
	0.3%	0.4%
	0.5%	0.7%
	0.3%	0.4%
	6.5%	3.6%
	4.1%	4.1%
Value of Owner-Occupied Housing
	3.9%	2.6%
	2.8%	2.4%
	1.3%	2.8%
	1.5%	3.9%
	1.2%	4.5%
	6.0%	11.3%
	9.1%	13.0%
	21.7%	20.1%
	16.7%	13.6%
	10.9%	8.3%
	12.9%	9.7%
	5.8%	3.9%
	3.2%	2.2%
	1.3%	0.8%
	1.8%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	19.1%	13.6%
	19.1%	13.6%
	22.4%	13.6%
	18.8%	13.2%
	12.4%	14.8%
	22.4%	13.6%
	6.3%	10.0%
	3.3%	4.7%
	5.7%	12.2%

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