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ZIP Code · NM

ZIP 87501

Part of Santa Fe, NM
Pop. 16,007·Santa Fe County·2nd most expensive ZIP in New Mexico
Median rent (all units)
$2,223/mo
Year-over-Year
+2.6%
Month-over-Month
+3.7%
vs US Median
+$261
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 87501 · $2,223
More expensive than 70% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,440
1 BR
$1,590
2 BR
$1,930
3 BR
$2,430
4 BR+
$2,560
Research median
$1,930/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$26,676/yr
At $2,223/mo median
Location
StateNM
CountySanta Fe County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 2.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+2.6% YoY, +3.7% MoM), not inventory.
Demographics

Who lives here

ZIP 87501 (Santa Fe, NM) is majority owner-occupied, has a large retiree population, 64.1% of residents hold a bachelor's degree or higher.

Population
16,007
Median income
$79,603
Median age
58.7
Renters
34.8%
Age distribution
14.7%
23%
41%
Under 189.4%
18–3414.7%
35–5423%
55–6412%
65+41%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
73.1%
26.4%
White73.1%
Black0.7%
Hispanic26.4%
Asian1.2%
Education (25+)
22%
64.1%
No HS diploma2.8%
HS diploma11.1%
Some college22%
Bachelor's+64.1%
Housing tenure
65.2%
34.8%
Owner65.2%
Renter34.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 87501 in Santa Fe, NM has changed in 5 years

Rent
$1,513 → $2,223
up 46.9%
Income
$71,468 → $79,603
up 11.4%
Population
14,637 → 16,007
up 9.4%
Renter share
35.5% → 34.8%
-0.7 pts
Bachelor's+
60.2% → 64.1%
+3.9 pts
Median age
56.7 → 58.7
+2.0 yrs

Since 2021, the typical rent in ZIP 87501 in Santa Fe, NM has climbed from $1,513 to $2,223, a 46.9% change over five years. Local incomes tracked alongside that move, going from a median of $71,468 in 2021 to $79,603 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 9.4% since 2021, moving from about 14,637 residents to roughly 16,007. College-educated residents now make up 64.1% of adults here, versus 60.2% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 87501 in Santa Fe, NM market of 2021.

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Local insights

Tips for renters in ZIP 87501

About renting in ZIP 87501

Last updated: August 17, 2026

ZIP code 87501 covers Santa Fe, NM. The median rent here is $2,223/mo as of August 2026. A 1-bedroom rents for a median of $1,590/mo. A 2-bedroom rents for a median of $1,930/mo.

At 34% of local median household income ($79,603/yr), ZIP 87501 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 87501?

As of August 17, 2026, the median monthly rent in ZIP 87501 (Santa Fe, NM) is $2,223. This is based on aggregated data from public sources and community submissions.

How does ZIP 87501 rent compare to the US average?

ZIP 87501's median rent of $2,223/mo is $261 (13%) above the US national median of $1,962/mo.

How does ZIP 87501 compare to other ZIPs in New Mexico?

ZIP 87501 is one of the pricier ZIP codes in New Mexico, ranking #2 out of 37 ZIPs tracked at $2,223/mo.

How much income do you need to rent in ZIP 87501?

To keep rent at or below 30% of gross income, you would need to earn at least $89,000/year (~$43/hour full-time) to afford the median rent of $2,223/mo in ZIP 87501. The local median household income is $79,603/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 87501?

Rent in ZIP 87501 has increased 2.6% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 87501 an affordable place to rent?

ZIP 87501 is considered moderate for renters. At $2,223/mo, rent takes approximately 34% of the local median household income ($79,603/yr). The standard benchmark is 30%. ZIP 87501 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 87501 residents rent vs. own?

According to Census data, approximately 34.8% of ZIP 87501 households are renters, while 65.2% are owner-occupied. ZIP 87501 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 87501 compare to the rest of Santa Fe?

ZIP 87501 is pricier than Santa Fe as a whole. At $2,223/mo, it's $341 above the Santa Fe citywide median of $1,882/mo.

When was rent data for ZIP 87501 last updated?

Rent data for ZIP 87501 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
34%
MODERATE

At $2,223/mo, rent takes ~34% of ZIP 87501's median household income ($79,603/yr). The standard benchmark is 30%.

ZIP 87501 34%Benchmark 30%
State income tax1.7–5.9%
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Public schools near ZIP 87501 (Santa Fe, NM)

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