Santa Fe, NM home prices
Typical home $548,757 · +0.8% in a year · income needed $147,800
The Santa Fe, NM metro area ranks 58 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +0.8% in a year and +15.6% over five years. With 20% down at 7.11%, the typical home costs about $3,448 a month including 0.48% property tax (Santa Fe County rate).
Mortgage on the typical Santa Fe home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $109,751 | $439,006 | $2,953 | $0 | $495 | $3,448 | $147,800 |
| 10% down | $54,876 | $493,882 | $3,322 | $206 | $495 | $4,023 | $172,400 |
| 5% down | $27,438 | $521,319 | $3,507 | $217 | $495 | $4,219 | $180,800 |
| 3.5% down (FHA) | $19,207 | $538,818 | $3,625 | $243 | $495 | $4,362 | $187,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.48% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Santa Fe area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Santa Fe County, NM | $548,874 | +0.8% | 0.48% |
What can you afford in New Mexico on your salary? · New Mexico home prices · Salaries in New Mexico
Frequently asked questions
How much is a house in Santa Fe?
The typical home in the Santa Fe, NM metro area is worth $548,757 (Zillow, September 2026).
What salary do you need to buy a house in Santa Fe?
About $147,800 a year for the typical home with 20% down at 7.11%.