The story of this market
The typical home in ZIP 87507 sells for about $464,769, or $309 per square foot.
Homes take about 67 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,835 a month.
ZIP 87507 — Santa Fe
The 87507 housing market is currently a buyer's market characterized by high inventory and slow turnover. Prices have remained flat year-over-year, reflecting a structural gap in recovery compared to neighboring ZIP codes. Investors should exercise caution as cash-flow potential is constrained by maintenance and vacancy factors.
This ZIP is best suited for long-term investors and buyers willing to navigate a slower, buyer-favored market, as it offers more accessible entry prices compared to other Santa Fe submarkets.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 67 days on market with 20.2 months of supply — a slower-moving market.
35% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 12.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 87507, Santa Fe County NM
Property taxes are administered at the county level; specific exemptions for primary residences and seniors apply under New Mexico state law.
Residents typically commute toward the Santa Fe employment core via major arterial roads; transit options are limited.
The area features access to local parks and trails, with proximity to the broader Santa Fe amenity base including shopping and dining districts.
The rental market shows high vacancy pressure and significant investor presence, with cash-flow requiring careful underwriting due to maintenance and turnover costs.
The local economy is anchored by government, tourism, and services, with Santa Fe serving as the primary employment hub.
Data retrieved from data.census.gov and local market reports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.