Real Estate Investing in Santa Fe County, New Mexico

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

12 ZIP codes • Population: 173,135

Should you buy in Santa Fe County, NM? Our answer, based on the numbers below.

🏠 For Homebuyers
WEAK FIT
Grade F (31/100)

Multiple negative signals. Better options likely exist nearby.

πŸ“ˆ For Investors
WEAK
2.7 / 5 (42/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 12.1% of homes vacant β€” above national norms.

What’s happening in Santa Fe County, NM?

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2.7/ 5

Investability

County-wide average

2.0/ 5

Appreciation

3.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $563,277
Avg Monthly Rent $1,840
ZIP Codes 12

Investing in Santa Fe County Real Estate

Santa Fe County (NM) covers 12 ZIPs and 8 municipalities. clearly the fundamentals here skew distressed, and both rent and price trends have been underwhelming across most of the geography.

Investors considering Santa Fe, New Mexico should understand what the β˜…β˜…β˜…β˜†β˜† rating represents β€” a region with material challenges, not a temporary rough patch.

Demographics in Santa Fe show real pressure β€” $N/AK median income is thin relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Santa Fe County, NM. Anonymous, moderated, never written by AI.

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Avg Home Value
$563,277
Avg Monthly Rent
$1,840
1% Rule
βœ— Below
Landlord Friendly (NM)
β˜…β˜…β˜…β˜…β˜…

πŸ“‰ Market Crash Risk Index

Based on Santa Fe, NM metro

3/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
67%
Days Pending
1/2
58 days

View all metro crash risk rankings β†’

πŸŽ“ Colleges & Universities in Santa Fe County

6 Colleges 6,376 Students 1,818 Off-Campus Renters
C+
St. John's College
4-Year Private Β· 447 students
C+
Northern New Mexico College
4-Year Public Β· 1,310 students
πŸ“ ~497 students rent off-campus
C
Institute of American Indian and Alaska Native Culture and Arts Development
4-Year Public Β· 831 students
C
Santa Fe Community College
2-Year Public Β· 3,478 students
πŸ“ ~1,321 students rent off-campus
D
Vogue College of Cosmetology-Santa Fe
Vocational For-Profit Β· 61 students
D
Southwestern College
4-Year Private Β· 249 students

Investor Insight: With 1,818 students living off-campus, Santa Fe County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Santa Fe County

ZIP Codes in Santa Fe County, NM

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Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Santa Fe County

What kind of vacancy should I budget for in, NM?

Rental vacancy in, NM is elevated. Investors should budget normal turnover but not chronic empty units.

What do landlords charge for rent in, NM?

The typical rental in, NM commands about $1,840/mo monthly. That rent profile predictable cash flow against the $563K purchase basis.

What are home prices like in, NM?

Homes in, NM typically sell near $563K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.

How does, NM stack up against NM overall?

, NM measures broadly in line with the NM state benchmark. Investors should treat statewide figures as a reference, not a substitute for local data.

Community Ratings

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