Santa Fe, NM housing market
Typical home value
$577K
▲ 0.6% 1 yr
Typical rent
$1,956/mo
▲ 0.6% 1 yr
Gross rent yield
4.1%
U.S. 6.3%
5-year home value change
+16%
U.S. +20%
Key takeaways
- 1The typical home in Santa Fe is worth $576,890, up 0.6% over the past year and up 16% over five years.
- 2Typical rent is $1,956 a month (+0.6% YoY), a gross rent yield of 4.1% (below the Santa Fe, NM metro's 4.3%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $3,170/mo, $1,214 more than typical rent.
- 4Zillow forecasts the Santa Fe, NM metro's home values to change +1.5% over the next 12 months.
Market temperature (Santa Fe, NM metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 28/100, #471 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Santa Fe compares
| Measure | Santa Fe | Santa Fe, NM metro | United States |
|---|---|---|---|
| Typical home value | $576,890 | $548,757 | $366,157 |
| Home value, 1-yr change | +0.6% | +0.8% | +1.2% |
| Typical rent | $1,956 | $1,953 | $1,932 |
| Rent, 1-yr change | +0.6% | +0.7% | +2.7% |
| Gross rent yield | 4.1% | 4.3% | 6.3% |
| Price-to-rent ratio | 24.6 | 23.4 | 15.8 |
| Mortgage P&I, typical home | $3,170 | $3,016 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Santa Fe rental, pre-filled.
Rent vs buy in Santa Fe
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $577K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.