Zip 87501 (Santa Fe, NM) Housing

The housing market in 87501 Santa Fe, NM is doing exceptionally well. The median value of a home in this area is $652,700, which is nearly double the national median of $338,100. Furthermore, the house appreciation rate for 87501 Santa Fe, NM is 15.22% compared to the US 1 year house appreciation rate of 8.27%. This shows that the housing market in 87501 Santa Fe, NM has seen rapid growth and will likely continue to do so in the near future.

The median home cost in Santa Fe (zip 87501) is $652,700. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Santa Fe (zip 87501) is up 15.7%.

Average Age of Homes

- The median age of Santa Fe (zip 87501) real estate is 43 years old

The Rental Market in Santa Fe (zip 87501)

- Renters make up 31.2% of the Santa Fe (zip 87501) population
- 1.8% of houses and apartments in Santa Fe (zip 87501), 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
	10,206.0	139,647,020.0
	51	42
	$652,700	$338,100
	15.7%	16.6%
	62.5%	57.0%
	87.6%	101.1%
	$4.94	$10.98
	$2,519	$2,690
	50.0%	57.4%
	22.5%	11.2%
	27.5%	31.4%
Vacant Housing
	1.8%	1.9%
	0.2%	0.4%
	0.6%	0.7%
	0.5%	0.4%
	15.1%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.2%	2.4%
	0.1%	2.8%
	0.2%	3.9%
	0.3%	4.5%
	3.0%	11.3%
	2.8%	13.0%
	12.7%	20.1%
	13.7%	13.6%
	15.3%	8.3%
	23.4%	9.7%
	9.7%	3.9%
	7.1%	2.2%
	3.7%	0.8%
	7.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.2%	13.6%
	9.2%	13.6%
	11.7%	13.6%
	15.2%	13.2%
	11.1%	14.8%
	11.7%	13.6%
	15.3%	10.0%
	8.1%	4.7%
	14.3%	12.2%

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