87508 — Santa Fe County, New Mexico Market Snapshot
Housing market data for zip code 87508 in Santa Fe County, New Mexico. Updated monthly with median prices, days on market, and more.
Market Sales Data
78 sales in 2026 (year to date)
Median Sale Price
$758,798
Days to Sell
56
Homes Sold
78
Inventory
123
Sale-to-List
99.1%
New Listings
138
Price/SqFt
$355
Pending Sales
95
Conforming Loan Available
The median home in 87508 at $758,798 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
87508'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
Homes are selling very close to asking price in 87508 (99.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 87508 at $758,798 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 87508 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 87508
To purchase the median home at $758,798 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,964.
Monthly Payment
$5,964
Income Required
$255,586
Principal & Interest
$4,675/mo
Down Payment (5%)
$37,940
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 87508.
Estimated Monthly Payment
$4,846
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