Santa Fe, NM Home Values (2026)
The median home value in Santa Fe is about $654,000 (~$443/sq ft) — 126% more expensive than the typical U.S. home. Below: how Santa Fe compares, values by home size and ZIP code, and a free tool for your own address.
Thinking of moving to Santa Fe?
Here’s what the numbers say about housing costs in Santa Fe. A typical home runs about $654,000, which is 126% more expensive than the national median and 109% more expensive than the New Mexico average. At roughly $443 per square foot, a median budget here buys you around 1,480 sq ft of home.
Prices swing a lot by neighborhood: across Santa Fe’s 5 ZIP codes, the most affordable is 87507 (~$463,000) and the priciest is 87506 (~$1,103,000) — roughly a 2.4× difference. If you’re relocating, that spread is where the real budgeting happens, so it pays to target ZIP by ZIP rather than the citywide average.
Santa Fe home value by size
Using the local rate of about $443 per square foot, here’s a rough estimate by home size. Condition, lot, and exact location move these meaningfully.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $443,000 |
| 1,500 sq ft | $664,500 |
| 2,000 sq ft | $886,000 |
| 2,500 sq ft | $1,107,500 |
| 3,000 sq ft | $1,329,000 |
Estimate your specific home in Santa Fe
Enter your ZIP and size for an instant estimate tailored to your exact area:
Home values by ZIP code in Santa Fe, NM
Typical value and price per square foot for each Santa Fe ZIP code we have data for:
| ZIP code | Typical value | $ / sq ft |
|---|---|---|
| 87506 | $1,103,000 | $569 |
| 87501 | $738,000 | $498 |
| 87508 | $654,000 | $348 |
| 87505 | $573,000 | $443 |
| 87507 | $463,000 | $317 |
Grow your home’s value in Santa Fe
Use our Increase Home Value calculator to see which improvements add the most, or read the pre-sale projects that actually pay off. See how Santa Fe stacks up against other New Mexico cities on the New Mexico home values page, or browse the full U.S. directory.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. Actual values vary by home and change over time.