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These days, finding an affordable place to live in the Santa Fe area can be challenging. Home prices in Santa Fe are now at a median cost of $531,976, higher than the New Mexico average of $265,486.
The average cost of rent is $1,506/mo in Santa Fe, primarily driven by the current value of real estate in the Santa Fe area. In Santa Fe, 31.46% of households rent, and 46.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Santa Fe is $7,050 per month. Households that rent pay about 21.37% of their income on rent here. Santa Fe’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tesuque Pueblo, NM: higher priced homes
- La Cienega, NM: equally priced homes
- Tesuque, NM: less expensive homes
- Eldorado at Santa Fe, NM: equally priced homes
- Glorieta, NM: less expensive homes
- Lower La Posada, NM: less expensive homes
- Pecos, NM: less expensive homes
- Cochiti Lake, NM: less expensive homes
- Tererro, NM: less expensive homes
- Cochiti, NM: less expensive homes
Cities with Similar Populations
- Winchester, VA: less expensive homes
- White Plains, NY: higher priced homes
- Winter Haven, FL: less expensive homes
- Wichita, KS: less expensive homes
- Westerville, OH: less expensive homes
- Westland, MI: less expensive homes
- Wichita Falls, TX: less expensive homes
- Winnetka, CA: higher priced homes
- Westminster, CA: higher priced homes
- Wilmington, NC: less expensive homes
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