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Santa Fe city, NM

ZIP 87505 — 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 87505

Median Home Value
$484,100
Median Rent
$1,185
Affordability Snapshot
$133,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,110/mo PITI).

19%
Rent-to-Income Ratio

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

6.4x
Home Price-to-Income Ratio

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

34.0 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 87505 in Santa Fe city, NM, a household would need roughly $133,000 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 $3,110. That is about 75% above the local median household income ($75,912), 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 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
59.0%-10% vs US avg
x
Vacancy Rate
12.7%+23% vs US avg
x
Broadband Access
88.6%+2% vs US avg
x
4+ Bedrooms
2.3%-84% vs US avg
x
Built Pre-1939
4.9%-62% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
21.7%-56% vs US avg
x
Mortgage-Free
44.0%+15% vs US avg
x
$484,100
Home Value
$1,185
Rent
1981
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached59.6%
  • 1-unit attached9.9%
  • 2-9 units16.0%
  • 10+ units11.8%
  • Mobile home & other2.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$484,100
Median rent$1,185
Owner-occupied59.0%
Vacant12.7%
Price-to-income6.4x
Est. income to buy$133,000