Santa Fe, NM 87508 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demographics
Economy
Santa Fe, NM — 87508
Market Hotness
54
Hotness Rank
#5,711
Hotness Score
54
Supply Score
44
Demand Score
65
DOM vs US
+1.0%
Slower
Price vs US
183%
Above avg
Median Listing Price
$787K
Population
18,518
Households
78,834
Median Days on Market
54
Active Listings
111
New Listings
48
Housing Market
Pricing
Median Listing Price
$787K
-0.8% YoY
Average Listing Price
$903K
-1.7% YoY
Price per Sq Ft
$351
-3.3% YoY
Median Sq Ft
2,431
+7.6% YoY
Inventory
Active Listings
111
+11.6% YoY
New Listings
48
-17.2% YoY
Total Listings
154
+9.6% YoY
Buyer Competition
Pending Listings
43
+4.9% YoY
Pending Ratio
0.39
-2.5% YoY
Median Days on Market
54
+31.7% YoY
Price Reduced
19.2%
+3.0% YoY
Units & Occupancy
2024 Occupancy
79K
units
Occupied
70,767
89.8%
Vacant
8,067
10.2%
2024 Tenure
71K
occupied
Owner
50,603
71.5%
Renter
20,164
28.5%
Renter Share
28.5%
-3.0% YoY
Total Housing Units
78,834
+1.5% YoY
FY2026 Fair Market Rent — Santa Fe County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,259
/month
1 BR
$1,390
/month
2 BR
$1,685
/month
3 BR
$2,122
/month
4 BR
$2,231
/month
FMR Trends — Santa Fe County
Source: HUD Fair Market Rents
Demographics
Median Age
48.7
2024
Population
ZIP Population
18,518
-1.2% YoY
Santa Fe County Population
157,765
+0.8% YoY
Households
Total Households
70,767
+2.0% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.17
-1.4% YoY
Age
2024 Age Mix
156K
residents
Under 18
25,077
16.1%
Adults 18–64
87,243
55.9%
65 & Over
43,785
28.0%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & Over
Population Under 18
25,077
-2.0% YoY
Population 65 & Over
43,785
+3.4% YoY
Median Age
48.70
+0.4% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
89.6%
Moved (within US)
10.0%
Other
0.4%
Veterans
6.8%
-2.9% YoY
Economy
Income
Median Household Income
$79K
+5.9% YoY
Per-Capita Income
$52K
+6.7% YoY
Mean Household Income
$112K
+6.0% YoY
Poverty
Below Poverty Level
12.0%
-4.0% YoY
Transportation to Work
2023 Commute Mode
of workers
Drove alone
69.7%
Public transit
0.9%
Worked from home
17.0%
Other
12.4%
Worked From Home
18.4%
+8.2% YoY
Mean Commute
23.80
+2.1% YoY
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