Welcome to our 87505 real estate data hub, tailored for investors in Santa Fe, NM. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 87505 in Santa Fe, NM. Discover Section 8 housing opportunities and challenges to maximize your investment potential in SANTA FE COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Santa Fe, NM real estate investing. Uncover the wealth of information available, and position yourself for success in the Santa Fe property market.
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Location Overview
- Zip Code: 87505
- City: Santa Fe
- State: NM
- Metro Area: Santa Fe, NM
- County Name: SANTA FE COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $515,027
- Average Home Price (Single Family Homes): $554,788
- Average Monthly Rental Price (All Types): $1,849
- Price-to-Rent Ratio: 23
- Zillow Projected % appreciation from 4/2023-4/2024: 2.4%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,300
- Average 3 Bedroom Section 8 Rental Rates: $1,660
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 33.01
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 25.85
- Number of Units Offered in Section 8 in the County: 987
- Number of Occupied Units in Section 8 in the County: 891
- Percentage of Section 8 Units Occupied in the County: 90.30000305%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 293.73
- Total % Appreciation since 2000 (Government Data): 141.72
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.14%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.97%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 36.12%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 62.93%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 119.74%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 67.13%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 160.15%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 3.04%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 8.88%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%