Santa Fe appreciation rates and housing market information

Santa Fe housing market information

With 61,805 people, 30,488 houses or apartments, and a median cost of homes of $366,732, Santa Fe house prices are not only among the most expensive in New Mexico, Santa Fe real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Santa Fe, accounting for 58.53% of the city's housing units. Other types of housing that are prevalent in Santa Fe include large apartment complexes or high rise apartments (17.84%), row houses and other attached homes (11.12%), duplexes, homes converted to apartments, or other small apartment buildings (8.60%), and a few mobile homes or trailers (3.79%).

People in Santa Fe primarily live in small (one, two, or no bedroom) single-family detached homes. Santa Fe has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Santa Fe built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Santa Fe built from 1940-1969 (30.60%). A lesser amount of the housing stock also hails from 1995 and later (10.56%), and some were built from 1939 and earlier (10.56%).

Santa Fe home appreciation rates

Appreciation rates for homes in Santa Fe have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.12%, which ranks in the top 30% nationwide. This equates to an annual average Santa Fe house appreciation rate of 9.31%.

Over the last year, Santa Fe appreciation rates have trailed the rest of the nation. In the last twelve months, Santa Fe's appreciation rate has been -1.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Santa Fe were at 0.48%, which equates to an annual appreciation rate of 1.92%.

Relative to New Mexico, our data show that Santa Fe's latest annual appreciation rate is higher than 33% of the other cities and towns in New Mexico.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Santa Fe differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Santa Fe - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Santa Fe real estate investment or home purchase decisions.