Housing in 87508 Santa Fe, NM is significantly more expensive than the US median value of $338,100, with a median value of $597,500. Although this is a high cost for housing compared to the national average, homeowners in 87508 Santa Fe have seen an increase in their home value at a rate of 15.22% over the past year – much higher than the US appreciation rate of 8.27%. Despite the higher costs associated with living in 87508 Santa Fe, it appears that homes here are appreciating in value at a much faster rate than the rest of the country.
The median home cost in Santa Fe (zip 87508) is $597,500. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Santa Fe (zip 87508) is up 15.7%.
Average Age of Homes
- The median age of Santa Fe (zip 87508) real estate is 23 years old
The Rental Market in Santa Fe (zip 87508)
- Renters make up 17.0% of the Santa Fe (zip 87508) population
- 0.4% of houses and apartments in Santa Fe (zip 87508), 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.