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Santa Fe, NM Home Values and Rents
The typical home value in Santa Fe is $576,890, 17th highest of 150 cities and towns in New Mexico. Median rent is $1,956 a month.
- Typical home value
- $576,890
- 17th of 150 in NM
- Median rent
- $1,956/mo
- Zillow observed rent
- Price change, 1 year
- +0.7%
- Sep 2026
- Homeownership
- 63.6%
- NM: 70.0%
Home sale prices in the Santa Fe, NM area
Zillow median sale price, Sep 2026
$683,747-4.6% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Typical home value in Santa Fe
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Santa Fe |
|---|---|
| Sep 2026 | $576,890 |
| Dec 2025 | $574,251 |
| Dec 2024 | $578,758 |
| Dec 2023 | $568,442 |
| Dec 2022 | $549,001 |
| Dec 2021 | $511,849 |
| Dec 2020 | $444,139 |
| Dec 2019 | $399,250 |
| Dec 2018 | $360,321 |
| Dec 2017 | $347,329 |
| Dec 2016 | $314,337 |
| Dec 2015 | $312,337 |
| Dec 2014 | $299,773 |
| Dec 2013 | $286,163 |
| Dec 2012 | $279,430 |
Over five years, Santa Fe prices changed +15.8%.
Source: Zillow Research · Last updated 09/01/2026
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Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
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Fair Market Rents, FY2027
HUD rent standard for Santa Fe, NM MSA
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,260 | +0.1% |
| 1 bedroom | $1,413 | +1.7% |
| 2 bedrooms | $1,735 | +3.0% |
| 3 bedrooms | $2,134 | +0.6% |
| 4 bedrooms | $2,280 | +2.2% |
Frequently asked questions
- What is the typical home value in Santa Fe, NM?
- The typical home value in Santa Fe is $576,890 (Zillow Home Value Index, Sep 2026). The New Mexico median is $248,100.
- How much is rent in Santa Fe?
- The median rent in Santa Fe is $1,956 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,735.
- Are home prices going up in Santa Fe?
- The typical home value in Santa Fe changed +0.7% over one year and +15.8% over five years, as of Sep 2026.
- How does Santa Fe compare with the rest of New Mexico?
- Santa Fe has the 17th highest median home value of 150 cities and towns with 1,000+ residents in New Mexico.
- Which ZIP code in Santa Fe has the highest home values?
- ZIP code 87501 has the highest median home value at $673,100, and 87507 has the lowest at $363,000.