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Market MapNew MexicoSanta Fe

Santa Fe County

New MexicoPopulation: 154,481
39
/100
Avoid
#963 of 1,000 counties
#28 in New Mexico (30 counties)

Market Snapshot

$543,970
Median Home Price
99% above national median
$2,000/mo
Median Rent
34% above national median
4.41%
Rent-to-Price Ratio
Top 88% nationally
-$1,551
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$543,970
Down Payment (20%)$108,794
Loan Amount$435,176
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$2,000
Monthly P&I-$2,852
Est. Expenses (35%)-$700
Net Cash Flow-$1,551/mo
2.9%
Cap Rate (all cash)
-14.9%
Cash-on-Cash Return
4.41%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 2.9% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
39/100
39
Cash Flow(30%)
36/100

Based on 4.41% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
46/100

Based on -0.8% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
23/100

Price-to-income ratio of 7.7x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Complete rent data available

Challenges

  • -Below-average rent-to-price ratio (4.41%)
  • -Declining home values (-0.8% YoY)
  • -Negative cash flow at typical financing (-$1,551/mo)
  • -Negative leverage (cap rate 2.9% < mortgage rate 6.9%)

Economic Indicators

Population
154,481
Median Income
$70,522
vs $62,400 national est.
Unemployment Rate
—
Data pending
Price-to-Income
7.7x
Less affordable

Compare to Nearby Counties

CountyVerdict
HidalgoNM
45$87,347Est. pending—HoldView
De BacaNM
42$94,683Est. pending—AvoidView
TaosNM
41$428,702$2,4166.76%AvoidView
CurrentSanta FeNM
39$543,970$2,0004.41%Avoid
LincolnNM
36$342,784Est. pending—AvoidView
GrantNM
36$183,001Est. pending—AvoidView

The Bottom Line

AvoidSanta Fe may be challenging for traditional rentals. High prices or low rents make cash flow difficult.

Santa Fe County in New Mexico scores 39/100, ranking #963 of 1,000 US counties (top 96%). The 4.41% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-1,551/mo
Cap Rate
2.9%
Cash-on-Cash
-14.9%

Ready to Analyze a Deal in Santa Fe?

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