Zip 87507 (Santa Fe, NM) Housing

The housing market in 87507 Santa Fe, NM is doing very well compared to the national average. The median value of homes in the area is $394,300 - around 18% higher than the national median value of $338,100. Additionally, house appreciation over the last year has been 15.22%, much higher than the national average of 8.27%. These figures indicate that 87507 Santa Fe, NM is a desirable place to own a home and that property values are likely to continue appreciating in the near future.

The median home cost in Santa Fe (zip 87507) is $394,300. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Santa Fe (zip 87507) is up 15.7%.

Average Age of Homes

- The median age of Santa Fe (zip 87507) real estate is 23 years old

The Rental Market in Santa Fe (zip 87507)

- Renters make up 30.8% of the Santa Fe (zip 87507) population
- 1.2% of houses and apartments in Santa Fe (zip 87507), 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
	20,424.0	139,647,020.0
	26	42
	$394,300	$338,100
	15.7%	16.6%
	62.5%	57.0%
	87.6%	101.1%
	$5.86	$10.98
	$1,456	$2,690
	65.4%	57.4%
	4.8%	11.2%
	29.8%	31.4%
Vacant Housing
	1.2%	1.9%
	0.1%	0.4%
	0.3%	0.7%
	0.2%	0.4%
	1.8%	3.6%
	1.2%	4.1%
Value of Owner-Occupied Housing
	8.6%	2.6%
	5.8%	2.4%
	0.6%	2.8%
	0.8%	3.9%
	0.7%	4.5%
	8.1%	11.3%
	10.2%	13.0%
	29.5%	20.1%
	18.6%	13.6%
	7.5%	8.3%
	6.5%	9.7%
	2.7%	3.9%
	0.1%	2.2%
	0.3%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	27.2%	13.6%
	27.2%	13.6%
	29.9%	13.6%
	16.4%	13.2%
	10.0%	14.8%
	29.9%	13.6%
	1.4%	10.0%
	0.9%	4.7%
	1.4%	12.2%

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