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Santa Fe city, NM

ZIP 87501 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87501

Median Home Value
$649,100
Median Rent
$1,426
Affordability Snapshot
$179,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,170/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

8.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

37.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 87501 in Santa Fe city, NM, a household would need roughly $179,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,170. That is about 120% above the local median household income ($81,229), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 18% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
66.4%+2% vs US avg
x
Vacancy Rate
18.1%+75% vs US avg
x
Broadband Access
90.2%+4% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
7.6%-41% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
28.5%-43% vs US avg
x
Mortgage-Free
47.3%+24% vs US avg
x
$649,100
Home Value
$1,426
Rent
1971
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached63.6%
  • 1-unit attached11.6%
  • 2-9 units17.2%
  • 10+ units6.1%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$649,100
Median rent$1,426
Owner-occupied66.4%
Vacant18.1%
Price-to-income8.0x
Est. income to buy$179,000