Santa Fe

New Mexico · Ranked #352 of 373 metros

32Crisis
💡
Housing in Santa Fe costs 6.16× the median income, above the national average of 4.5×. The median home price is $485K and median rent is $1,254/month. Santa Fe ranks #352 of 373 metros for affordability.

Median Home Price

🏠

$485K

Need $149K income

Median Rent

🔑

$1,254

Need $56K income

Housing Shortage

📉

5,000

units needed

Building Permits

🔨

244

annual

Median Income

💰

$79K

Pop: 154,823

Rent Burden

⚠️

33.0%

of renters paying >30%

Price Change (YoY)

📈

+5%

Homeownership

🏡

69.0%

Rent Burden

vs. National Average

Key Facts vs. National Average

MetricSanta FeNational
Price-to-Income Ratio6.16x6.1x
Rent Burden33.0%31.5%
Homeownership Rate69.0%65.5%
YoY Price Change+5%+3.5%
YoY Rent Change+3.5%+2.8%
Mortgage Denial Rate13.0%13.5%
Eviction Rate2.5%3.6%

House Price Index (2000–2025)

FHFA All-Transactions HPI

Since 2019: +62.1%Since 2000: +196.3%

HUD Fair Market Rents (FY2026)

Section 8 voucher payment standards

Studio$1,259/mo
1 Bedroom$1,390/mo
2 Bedroom$1,685/mo
3 Bedroom$2,122/mo
4 Bedroom$2,231/mo

Zillow Market Data

Home Value (ZHVI)

$543K

1yr: -0.8%5yr: +24.8%

Rent (ZORI)

$1,943/mo

1yr: +1.1%5yr: +37.7%

Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.

Redfin Market Activity

Median Sale Price

$324K

Active Inventory

109

Days on Market

111

Sold Above List

7.1%

Price Drops

13.8%