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Santa Fe city, NM

ZIP 87507 — Housing & Real Estate

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

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87507

Median Home Value
$333,300
Median Rent
$1,113
Affordability Snapshot
$92,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,141/mo PITI).

21%
Rent-to-Income Ratio

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

5.3x
Home Price-to-Income Ratio

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

25.0 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 87507 in Santa Fe city, NM, a household would need roughly $92,000 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 $2,141. That is about 46% above the local median household income ($62,955), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
66.7%+2% vs US avg
x
Vacancy Rate
4.7%-54% vs US avg
x
Broadband Access
87.6%+1% vs US avg
x
4+ Bedrooms
2.4%-84% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
2.6%-62% vs US avg
x
Rent Burden >30%
29.1%-41% vs US avg
x
Mortgage-Free
41.2%+8% vs US avg
x
$333,300
Home Value
$1,113
Rent
1997
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 detached50.9%
  • 1-unit attached8.4%
  • 2-9 units8.6%
  • 10+ units9.8%
  • Mobile home & other22.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$333,300
Median rent$1,113
Owner-occupied66.7%
Vacant4.7%
Price-to-income5.3x
Est. income to buy$92,000