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Home appreciation in Santa Fe, NM

Over the five years ending 2025, home prices in Santa Fe, NM grew an average of 8.7% a year.

Price growth at a glance

1-year

+2.8%

2025 over 2024. New Mexico: +4.0%.

5-year, per year

+8.7%

Average annual growth, 2020 to 2025. New Mexico: +8.9%.

10-year, per year

+7.3%

+101.7% in total since 2015. New Mexico: +6.5%.

How does your home compare?

Santa Fe, NM home prices rose 101.7% over the ten years to 2025, while its ZIP codes ranged from +62.9% to +106.9%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How Santa Fe, NM compares with New Mexico

The metro and its state moved almost together over that window. For five-year price growth, Santa Fe, NM ranks 253rd out of 409 metros nationwide and 4th out of 4 in New Mexico.

Index, 2005 = 100

Santa Fe, NM and New Mexico, quarterly house price index rebased to 100 in 2005.
YearSanta Fe, NMNew Mexico
2005 Q1100100
2005 Q2102104
2005 Q3106108
2005 Q4109112
2006 Q1110115
2006 Q2114119
2006 Q3116122
2006 Q4118125
2007 Q1119127
2007 Q2120128
2007 Q3120128
2007 Q4122129
2008 Q1120129
2008 Q2119128
2008 Q3116124
2008 Q4114124
2009 Q1115125
2009 Q2112122
2009 Q3110119
2009 Q4107118
2010 Q1105118
2010 Q2103116
2010 Q3104117
2010 Q4103116
2011 Q1100113
2011 Q298111
2011 Q399111
2011 Q499111
2012 Q198110
2012 Q295109
2012 Q396110
2012 Q496110
2013 Q195110
2013 Q297110
2013 Q396110
2013 Q498111
2014 Q197110
2014 Q297111
2014 Q399112
2014 Q497112
2015 Q199113
2015 Q2100113
2015 Q3103114
2015 Q4102114
2016 Q1102115
2016 Q2105116
2016 Q3107117
2016 Q4108119
2017 Q1106118
2017 Q2109119
2017 Q3110122
2017 Q4112122
2018 Q1113122
2018 Q2115124
2018 Q3118126
2018 Q4121127
2019 Q1122127
2019 Q2124130
2019 Q3128133
2019 Q4129134
2020 Q1131136
2020 Q2132137
2020 Q3135140
2020 Q4137143
2021 Q1142147
2021 Q2149153
2021 Q3158162
2021 Q4163167
2022 Q1169173
2022 Q2176182
2022 Q3183186
2022 Q4181187
2023 Q1183188
2023 Q2184192
2023 Q3195198
2023 Q4181197
2024 Q1193199
2024 Q2199204
2024 Q3200207
2024 Q4199208
2025 Q1198209
2025 Q2204214
2025 Q3203213
2025 Q4208215
2026 Q1209216
2026 Q2212218

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +7.3% a year over ten years, +101.7% in total.

Over this history, home prices peaked in 2007, fell 20.1% to its 2012 low, and regained the 2007 level in 2019.

The strongest year was 2022 at +15.8%, and the weakest was 2010 at -6.5%.

In 2025 alone the index moved +2.8%, against +4.0% for the state.

ZIP codes in Santa Fe, NM

Over the ten years to 2025, the 6 ZIP codes FHFA measures in this metro ranged from +62.9% in 87506 to +106.9% in 87507, while the metro as a whole rose 101.7%.

ZIP codes in Santa Fe, NM ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
87507+1.6%+8.4%+7.5%+106.9%
87015+0.3%+8.6%+7.1%+98.5%
87501-4.4%+8.7%+6.9%+95.4%
87505+2.5%+8.0%+6.8%+92.7%
87508-5.3%+6.6%+6.0%+78.4%
87506-0.7%+6.4%+5.0%+62.9%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for Santa Fe, NM and New Mexico, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006110.1+10.1%113.3
2007115.5+4.8%120.4
2008112.7-2.4%119.0
2009106.6-5.4%114.2
201099.7-6.5%110.0
201194.9-4.8%105.0
201292.3-2.8%103.1
201392.7+0.5%103.9
201493.6+1.0%104.9
201596.9+3.5%106.9
2016101.4+4.7%110.0
2017104.9+3.5%113.4
2018112.2+7.0%117.6
2019120.6+7.5%123.4
2020128.5+6.6%130.9
2021147.0+14.4%148.2
2022170.2+15.8%171.4
2023178.5+4.9%182.6
2024190.0+6.4%192.8
2025195.4+2.8%200.5

The 4 measured metros in New Mexico

Measured metros in New Mexico ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1Albuquerque, NM+3.9%+9.4%+6.8%
2Farmington, NM+9.3%+9.1%+5.0%
3Las Cruces, NM+2.4%+9.1%+6.3%
4Santa Fe, NM+2.8%+8.7%+7.3%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the New Mexico row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

Look up your home

Investing? Score any property free

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Measured FHFA data · chart through 2026 Q2