87501 — Santa Fe County, New Mexico Market Snapshot
Housing market data for zip code 87501 in Santa Fe County, New Mexico. Updated monthly with median prices, days on market, and more.
Market Sales Data
71 sales in 2026 (year to date)
Median Sale Price
$940,000
Days to Sell
56
Homes Sold
71
Inventory
156
Sale-to-List
96.8%
New Listings
147
Price/SqFt
$543
Pending Sales
85
Jumbo Loan Likely Needed
The median home in 87501 at $940,000 exceeds the 2026 conforming loan limit of $832,750 by $107,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
87501's market is balanced with homes taking an average of 56 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 87501 sells for 3.2% below asking price (96.8% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 87501 at $940,000 exceeds the 2026 conforming loan limit of $832,750 by $107,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 87501 are set at the county level.
2026 Loan Limits — Santa Fe County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $569,250 |
| 2 Units | $1,066,250 | $728,750 |
| 3 Units | $1,288,800 | $880,900 |
| 4 Units | $1,601,750 | $1,094,700 |
Affordability Snapshot — Zip 87501
To purchase the median home at $940,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $7,352.
Monthly Payment
$7,352
Income Required
$315,085
Principal & Interest
$5,792/mo
Down Payment (5%)
$47,000
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 87501.
Estimated Monthly Payment
$5,967
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 87501. Tell us what you're looking for.