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Eldorado at Santa Fe CDP, NM

ZIP 87508 — 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 87508

Median Home Value
$529,000
Median Rent
$1,320
Affordability Snapshot
$146,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,398/mo PITI).

16%
Rent-to-Income Ratio

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

5.5x
Home Price-to-Income Ratio

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

33.4 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 87508 in Eldorado at Santa Fe CDP, NM, a household would need roughly $146,000 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 $3,398. That is about 51% above the local median household income ($96,767), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
90.5%+38% vs US avg
x
Vacancy Rate
4.2%-59% vs US avg
x
Broadband Access
95.0%+9% vs US avg
x
4+ Bedrooms
3.3%-77% vs US avg
x
Built Pre-1939
0.3%-98% vs US avg
x
Built Post-2014
0.7%-89% vs US avg
x
Rent Burden >30%
19.4%-61% vs US avg
x
Mortgage-Free
43.0%+12% vs US avg
x
$529,000
Home Value
$1,320
Rent
1996
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached85.6%
  • 1-unit attached2.7%
  • 2-9 units1.1%
  • 10+ units0.2%
  • Mobile home & other10.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$529,000
Median rent$1,320
Owner-occupied90.5%
Vacant4.2%
Price-to-income5.5x
Est. income to buy$146,000