Rental numbers for Santa Fe County, NM
The typical home here runs -$2,130 a month at 7.78% with 25% down. 0 of 5 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.0%.
- Gross yield
- 4.2%
- typical home, Zillow
- Median ZIP yield
- 4.0%
- 5 ZIPs with full data
- Cash flow
- -$2,130/mo
- at 7.78%, 25% down
- Typical price
- $553,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,922/mo
- Zillow ZORI, Aug 2026
ZIP codes in Santa Fe County
12 with published figures
| 87508Santa Fe | $648,000 | $3,100 | 5.7% | 3.3% | -$1,735 | n/a |
| 87010Cerrillos | $390,000 | $1,660* | 5.1% | 2.7% | -$1,228 | n/a |
| 87567Santa Cruz | $346,000 | $1,470* | 5.1% | 2.4% | -$1,161 | n/a |
| 87507Santa Fe | $456,000 | $1,904 | 5.0% | 2.5% | -$1,499 | -0.8% |
| 87532Espanola | $354,000 | $1,470* | 5.0% | 2.4% | -$1,206 | n/a |
| 87015Edgewood | $379,000 | $1,520* | 4.8% | 2.3% | -$1,332 | n/a |
| 87535Glorieta | $411,000 | $1,580* | 4.6% | 2.2% | -$1,459 | n/a |
| 87056Stanley | $417,000 | $1,470* | 4.2% | 1.8% | -$1,623 | n/a |
| 87501Santa Fe | $737,000 | $2,435 | 4.0% | 1.8% | -$2,873 | +7.0% |
| 87505Santa Fe | $568,000 | $1,794 | 3.8% | 1.5% | -$2,353 | -1.5% |
| 87540Lamy | $843,000 | $1,910* | 2.7% | 0.7% | -$4,065 | n/a |
| 87506Santa Fe | $1,108,000 | $2,384 | 2.6% | 0.6% | -$5,399 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.9%
- Rent, 12 months
- +0.6%
- Rent minus price growth
- -0.3 pts
- Property tax
- 0.48%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $474,400 | $1,591 |
| Aug 2022 | $538,177 | $1,759 |
| Aug 2023 | $540,898 | $1,879 |
| Aug 2024 | $550,639 | $1,942 |
| Aug 2025 | $547,595 | $1,911 |
| Aug 2026 | $552,709 | $1,922 |
HUD Fair Market Rent
FY2027, Santa Fe, NM MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,260 | $1,413 | $1,735 | $2,134 | $2,280 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 7.9
- 557 units, last 12 months
- National percentile
- 63th
- among US counties
Tools
Test a listing in Santa Fe County against today's rate.
Open the calculatorPart of the Santa Fe, NM metro.
Questions
- Is Santa Fe County good for rental property?
- The typical home here runs -$2,130 a month at 7.78% with 25% down. 0 of 5 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.0%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Santa Fe County?
- About 0.48% of value, from Census ACS median taxes paid over median home value. On a $553,000 home that is about $2,664 a year.
- What is Fair Market Rent in Santa Fe County?
- HUD's FY2027 Fair Market Rent here is $1,413 for a 1-bedroom, $1,735 for a 2-bedroom and $2,134 for a 3-bedroom. Typical cash flow at today's rate is -$2,130 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.