The housing market in 87505 Santa Fe, NM is thriving. The median value of a house in the area is $514,700, which is significantly higher than the US house median value of $338,100. The US 1 year house appreciation rate is 8.27%, while in Santa Fe it is 15.22%. This shows that the housing market in Santa Fe has been on a steady upward trend and is expected to continue growing for years to come.
The median home cost in Santa Fe (zip 87505) is $514,700. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Santa Fe (zip 87505) is up 15.7%.
Average Age of Homes
- The median age of Santa Fe (zip 87505) real estate is 39 years old
The Rental Market in Santa Fe (zip 87505)
- Renters make up 33.2% of the Santa Fe (zip 87505) population
- 2.3% of houses and apartments in Santa Fe (zip 87505), 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.