Real Estate Investing in Santa Fe, New Mexico (87507)
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Should you buy in 87507 (Santa Fe, NM)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Santa Fe, NM (87507)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 87507 Santa Fe
The 87507 ZIP covers a section of Santa Fe that demands careful diligence. Prices near $465K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $465K asset, 87507 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Santa Fe have seen price recovery that 87507 has not matched. Santa Fe County data supports the view that the spread is structural rather than temporary.
From a cash-flow lens, 51,109 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 87507 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Santa Fe:
Property Strategy for 87507
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $280,747 | $1,310 | 3.4% | +6.7% | $280,747 |
| 2BR | $377,443 | $1,590 | 3.0% | +6.7% | $188,721 |
| 3BR | $461,140 | $2,000 | 3.1% | +6.1% | $153,713 |
| 4BR | $547,406 | $2,110 | 2.8% | +6.2% | $136,852 |
| 5BR | $698,094 | — | — | +6.3% | $139,619 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 87507 Compare?
| Metric | 87507 | Santa Fe | Santa Fe, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $464,769 | $356,631 | N/A | $308,799 |
| 5-Year CAGR | 3.8% | 3.7% | N/A | 7.3% |
| Avg Rent | $1,873 | $2,254 | N/A | - |
| Cap Rate | 3.1% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 87507 (Santa Fe, NM). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $464,769 |
| Monthly Rent | $1,873 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +4.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 87507
Population: 51,109
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 87507
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,321 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of tenants rent in Santa Fe, NM?
Tenant quality in Santa Fe, NM ranks as solid. Landlords generally report predictable occupancy at market rents of $1,873/mo.
Should investors consider Santa Fe, NM?
The 3.0/5 investability rating in Santa Fe, NM reflects its $465K prices and $1,873/mo rents. Investors generally consider it a solid option within NM.
Is housing expensive in Santa Fe, NM?
Santa Fe, NM home values average about $465K. That price point suits investors targeting rentals with $1,873/mo in monthly income.
Do rentals sit vacant long in Santa Fe, NM?
Expect elevated vacancy in Santa Fe, NM. Rents at $1,873/mo are absorbed by the tenant base without meaningful lag.
What strategy should investors use in Santa Fe, NM?
A careful cash-flow rentals with hands-on management strategy Santa Fe, NM best. The market produces predictable results for that approach at the $465K price point.
You know 87507 now. You don’t know where it ranks.
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How 87507 ranks in Santa Fe, NM
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