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City · 89,019 residents · Santa Fe County, New Mexico

Santa Fe , New Mexico

In Santa Fe, a typical home is worth $444,900 and typical rent is $1,463 a month. Compared with all of Santa Fe County, typical household income is 7% lower, typical rent is 5% higher, and the share of households that own their home is 8 points lower.

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  • Typical home value

    $444,900

    About the same as the county

    79% above New Mexico

    • Santa Fe
    • County
    • New Mexico

  • Typical rent

    $1,463a month

    5% above the county

    37% above New Mexico

    • Santa Fe
    • County
    • New Mexico

  • Typical household income

    $73,482a year

    7% below the county

    15% above New Mexico

    • Santa Fe
    • County
    • New Mexico

  • Households that own their home

    64%

    8 points below the county

    6 points below New Mexico

    • Santa Fe
    • County
    • New Mexico

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$576,890
0.6% more than 12 months ago
Typical rent
$1,956 a month
0.6% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Santa Fe is in Santa Fe County. The FHA loan limit ($569,250 for a one-unit home), the fair market rents and the help on this page are those of all of Santa Fe County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Santa Fe apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Española, the typical home value is $210,800: 53% less than in Santa Fe ($444,900).

  2. Nearby, in Española, the typical rent is $829: 43% less than in Santa Fe ($1,463).

  3. Santa Fe has the 3rd highest typical rent of the 43 cities in New Mexico with more than 5,000 people ($1,463).

  4. 64% of households in Santa Fe own their home, against 72% in Santa Fe County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Santa Fe

What homes there are in Santa Fe, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Santa Fe, but it weighs less than in Santa Fe County: 56% against 63%.

Year built

By age, homes in Santa Fe look like those in Santa Fe County: the typical year built is 1986.

There are fewer big homes in Santa Fe than in Santa Fe County: 52% have 3 bedrooms or more, against 59%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for Santa Fe County is $569,250: about 65% of owner-occupied homes in Santa Fe are worth less, and the rest more.

Monthly rent with utilities

About 64% of rented homes in Santa Fe cost less than HUD's 2-bedroom fair market rent for Santa Fe County ($1,735); the rest cost more.

With a mortgage

$1,847 a month

Santa Fe County: $1,911 a month

Without a mortgage

$579 a month

Santa Fe County: $533 a month

Owners with a mortgage

57%

Santa Fe County: 53%

Owning costs about the same in Santa Fe as in Santa Fe County: with a mortgage, $1,847 a month; without one, $579.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Santa Fe gained value faster than in Santa Fe County: 58% against 53%.

Rents in Santa Fe rose at about the same pace as in Santa Fe County: 36% since 2015–2019, against 33%.

Here income did not keep up with housing: it rose 27%, while home values changed +58% and rent +36%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSanta FeSanta Fe CountyNew MexicoUnited States
Rental vacancy 4.5%4.6%5.9%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.0%0.9%
More than one person per room 2.3%2.2%3.3%3.4%
People per household 2.092.172.482.53
Drive alone 69%68%74%69%
Carpool 8%8%10%9%
Public transit 1%1%1%3%
Walk or bike 4%3%2%3%
Work from home 17%18%12%15%
Other means 1%1%1%2%
Typical commute 10 to 19 minutesUnreliable estimate10 to 19 minutes20 to 29 minutes

Much as in Santa Fe County, the rental vacancy rate in Santa Fe is 4.5%.

In Santa Fe, 2.3% of households live with more than one person per room, about the same as in Santa Fe County.

By size, households in Santa Fe look like those in Santa Fe County: 2.09 people on average.

The car rules in Santa Fe: 69% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Santa Fe?

A typical home costs more than the typical income allows

We start with a typical home in Santa Fe, worth $444,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 57% of the typical household income in Santa Fe, which is $73,482 a year. For that payment to be 28% of income, a household would need to earn about $150,833 a year.

The calculator's FHA and conventional loan limits are those of all of Santa Fe County.

Your numbers

Local data
$

Starts at the typical home value in Santa Fe. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $15,572 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,520

at 7.18% · 30 years

Loan amount
$436,841
Total interest
$628,512
Paid off in
November 2056

Includes $7,513 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,715 a month

  • Tight

    $1,715 to $2,204 a month

  • Hard

    more than $2,204 a month

    Your payment · 57%

Compared with the typical household income in Santa Fe ($73,482 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,520
Principal & interest$2,959
Property tax$178
Home insurance$185
FHA mortgage insurance (MIP)$197

You need at least $15,572 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Santa Fe and Santa Fe County

Santa Fe is in Santa Fe County, New Mexico. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Santa Fe's own numbers

Typical home value
$444,900
Typical monthly rent
$1,463
Typical yearly household income
$73,482
Households that own their home
64%
Effective property tax rate
0.48%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Santa Fe County

FHA limit, one-unit home
$569,250
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,735
Price change over 5 years (FHFA)
+48%
Homes in a high flood-risk zone
0.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Santa Fe County.

Everything about Santa Fe County

Buying

Buying a home in Santa Fe

A typical home in Santa Fe is worth $444,900: about the same as the county and 79% above New Mexico. With the typical household income in Santa Fe ($73,482 a year), a typical home costs 6.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Santa Fe 6.1 years
  • County 5.6 years
  • New Mexico 3.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Santa Fe County

According to FHFA’s house price index, home prices in Santa Fe County rose 95% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Santa Fe County.

Period County New Mexico U.S.
Last year (2025) +0.8% +3.1% +2.9%
5 years (2020–2025) +48% +50% +47%
10 years (2015–2025) +95% +82% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Santa Fe next to Santa Fe County, New Mexico and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Santa Fe $444,900
  • County $446,300
  • New Mexico $248,100
  • United States $332,700
Typical monthly rent
  • Santa Fe $1,463
  • County $1,389
  • New Mexico $1,067
  • United States $1,413
Typical yearly household income
  • Santa Fe $73,482
  • County $79,071
  • New Mexico $64,059
  • United States $80,734
See the full table
Santa Fe next to Santa Fe County and New Mexico
Measure Santa Fe Santa Fe County New Mexico U.S.
Typical home value $444,900 $446,300 $248,100 $332,700
Typical monthly rent $1,463 $1,389 $1,067 $1,413
Typical yearly household income $73,482 $79,071 $64,059 $80,734
Households that own their home 64% 72% 70% 65%
Typical yearly property tax $2,126 $2,152 $1,731 $3,119
Effective property tax rate 0.48% 0.48% 0.7% 0.94%
Renters with high rent for their income 52% 51% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Santa Fe County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Santa Fe

For a typical $444,900 home in Santa Fe, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Santa Fe's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,519a month

    Least cash to close
    Down payment
    $15,572
    Cash to close
    $28,919
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $197

  • Conventional, 5% down $3,438a month

    Down payment
    $22,245
    Cash to close
    $35,592
    Rate
    7.18%
    Mortgage insurance
    PMI · $211

  • Conventional, 20% down, no PMI $2,774a month

    Down payment
    $88,980
    Cash to close
    $102,327
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,186a month

    Down payment
    $66,735
    Cash to close
    $80,082
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Santa Fe and for Santa Fe County.

Property tax

Effective rate in Santa Fe

0.48%of the home’s value each year

$2,126 a year for the typical owner in Santa Fe.

  • Santa Fe 0.48%
  • County 0.48%
  • New Mexico 0.7%

What New Mexico publishes 3 percent cap on the yearly increase in your home's taxable value (New Mexico Legislative Finance Committee ("Property Taxes in New Mexico" brief))

Exemptions and deadlines in New Mexico

Flood risk in Santa Fe County

FEMA does not publish these numbers by city: they are for all of Santa Fe County.

Homes in the high-risk zone
0.9%
609
Of those, with NFIP insurance
17%
County New Mexico U.S.
Homes in the high-risk zone 0.9% 5.7% 3.5%
Of those, with NFIP insurance 17% 16% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Santa Fe

Typical rent in Santa Fe is $1,463 a month: 5% above the county. In Santa Fe, 52% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Santa Fe County, by unit size. To pay the 2-bedroom one ($1,735 a month) without spending more than 30% of your income, you would need to earn $33.37 an hour working full time.

HUD fair market rent for all of Santa Fe County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,260 $24.23 $50,400
1 bedroom $1,413 $27.17 $56,520
2 bedrooms $1,735 $33.37 $69,400
3 bedrooms $2,134 $41.04 $85,360
4 bedrooms $2,280 $43.85 $91,200

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Santa Fe

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Santa Fe has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,590 in 87507 to $1,960 in 87501.

2 of the 3 are above the fair market rent for Santa Fe County ($1,735).

  • 87501 $1,960$2,410
  • 87505 $1,780$2,190
  • 87507 $1,590$1,960

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Santa Fe when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Santa Fe

HUD lists 49 buildings with rents for lower incomes in Santa Fe. These are the largest.

  • Mountain View Apts 2000 Hopewell St, Santa Fe 87505 279 low-income homes
  • Las Palomas 2001 Hopewell St, Santa Fe 87505 278 low-income homes · Studio: 168 · 2 bd: 110 · In service since 2006
  • Cerrillos/Santa Cruz 56 Camino De Jacobo, Santa Fe 87507 199 homes, 198 low-income · Run by Housing Authority of the County of Santa Fe · Average payment: $518 a month · Average wait: 32 months · Homes at several sites (505) 992-3051
  • San Rafael Apts 1409 Zepol Rd, Santa Fe 87507 196 homes, 176 low-income
  • Tuscany at ST Francis 2218 Miguel Chavez Rd, Santa Fe 87505 176 low-income homes · 1 bd: 88 · 2 bd: 72 · 3 bd: 16 · In service since 2000

See all 52 buildings in Santa Fe County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Santa Fe

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Santa Fe County; 1 says it serves in Spanish.

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Santa Fe

No down payment, repair or rent-help program on our list is for Santa Fe or Santa Fe County. The ones below are statewide in New Mexico: they work in Santa Fe the same as in the rest of the state.

Which programs do I qualify for? All programs in New Mexico

  • FirstDown

    Statewide in New Mexico

    New Mexico state agency fixed-rate second mortgage for the down payment and closing costs of first-time buyers, together with the FirstHome mortgage. Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).

    Repayable

    See the program Official page

  • HomeNow

    Statewide in New Mexico

    New Mexico state agency fixed $7,000 second mortgage for the down payment and closing costs of low-income first-time buyers; no monthly payments and forgivable after 10 years. Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).

    Forgivable

    See the program Official page

  • FirstDown Plus

    Statewide in New Mexico

    New Mexico state agency fixed $10,000 third loan at 0%, for the down payment only, added to FirstDown or HomeNow; repaid in monthly installments over 15 years. Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).

    Repayable

    See the program Official page

Housing counselors near Santa Fe

The HUD-approved agencies closest to the center of Santa Fe, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Homewise, Inc.

    1301 Siler Rd, Santa Fe · 1 miles away · Spanish

    • Budget and credit workshops
    • Pre-purchase counseling
    • and 1 more
    (505) 983-9473

  • Southwest Neighborhood Housing Services, Inc.

    6301 4th St NW Ste 5, Los Ranchos · 51 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (505) 243-5511

  • Homewise, Inc.

    500 2nd St. SW, Albuquerque · 55 miles away · Spanish

    Also serves in American Sign Language (ASL).

    • Budget and credit workshops
    • Pre-purchase counseling
    • and 1 more
    (505) 243-6566

Every agency in Santa Fe County All counseling agencies in New Mexico

Help in Spanish near Santa Fe

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Santa Fe

HUD’s record names them for Santa Fe or Santa Fe County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Santa Fe Civic Housing Authority Public housing and Section 8 vouchers (505) 988-2859
  • Housing Authority of the County of Santa Fe Public housing and Section 8 vouchers (505) 992-3051

One other authority has an office in Santa Fe County: see the list Source: HUD

Cities

Other cities in Santa Fe County

These cities are also in Santa Fe County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Santa Fe County Housing in New Mexico

Nearby cities

The cities closest to Santa Fe, with the typical home value.

Neighboring counties

If Santa Fe County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Santa Fe.

All guides
Three women of one family lean in together to stir the pan.

Questions

Housing questions about Santa Fe

Short answers with the numbers for Santa Fe and all of Santa Fe County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Santa Fe?

The typical home value in Santa Fe is $444,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Santa Fe County it is $446,300.

How much does it cost to rent in Santa Fe?

Typical rent in Santa Fe is $1,463 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Santa Fe County is $1,735.

What is the FHA loan limit in Santa Fe?

Santa Fe uses the FHA limit for all of Santa Fe County (2026): $569,250 for a one-unit home and $1,094,700 for a four-unit home.

How much property tax do owners pay in Santa Fe?

The typical homeowner in Santa Fe pays $2,126 a year, according to the U.S. Census Bureau. That is 0.48% of the home’s value; in Santa Fe County, the rate is 0.48%.

Where can I find free help to buy or rent in Santa Fe?

There is 1 HUD-approved counseling agency with an office in Santa Fe County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).