Zip 87506 (Santa Fe, NM) Housing

The housing market in Santa Fe, NM (87506) is very strong. The median value of homes in the area is $968,900, which is almost triple the US median value of $338,100. In the last year alone, home appreciation in Santa Fe has increased by 15.22%, significantly higher than the national average of 8.27%. This indicates that Santa Fe has a strong and healthy real estate market, with values that continue to rise each year.

The median home cost in Santa Fe (zip 87506) is $968,900. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Santa Fe (zip 87506) is up 15.7%.

Average Age of Homes

- The median age of Santa Fe (zip 87506) real estate is 27 years old

The Rental Market in Santa Fe (zip 87506)

- Renters make up 16.5% of the Santa Fe (zip 87506) population
- 0.4% of houses and apartments in Santa Fe (zip 87506), 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
	8,222.0	139,647,020.0
	28	42
	$968,900	$338,100
	15.7%	16.6%
	62.5%	57.0%
	87.6%	101.1%
	$6.30	$10.98
	$2,366	$2,690
	66.1%	57.4%
	18.4%	11.2%
	15.5%	31.4%
Vacant Housing
	0.4%	1.9%
	0.9%	0.4%
	0.9%	0.7%
	0.5%	0.4%
	10.7%	3.6%
	5.0%	4.1%
Value of Owner-Occupied Housing
	6.1%	2.6%
	3.7%	2.4%
	2.7%	2.8%
	1.1%	3.9%
	3.2%	4.5%
	4.3%	11.3%
	8.7%	13.0%
	13.4%	20.1%
	8.8%	13.6%
	6.6%	8.3%
	14.6%	9.7%
	10.6%	3.9%
	8.9%	2.2%
	3.3%	0.8%
	3.8%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	26.0%	13.6%
	26.0%	13.6%
	23.3%	13.6%
	15.8%	13.2%
	10.1%	14.8%
	23.3%	13.6%
	4.1%	10.0%
	2.3%	4.7%
	6.1%	12.2%

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