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ZIP Code · NM

ZIP 87505

Part of Santa Fe, NM
Pop. 32,092·Santa Fe County·8th most expensive ZIP in New Mexico
Median rent (all units)
$1,777/mo
Year-over-Year
-3.7%
Month-over-Month
+1.2%
vs US Median
-$188
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 87505 · $1,777
More affordable than 53% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,310
1 BR
$1,440
2 BR
$1,750
3 BR
$2,200
4 BR+
$2,320
Research median
$1,750/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: July 20, 2026

Annual cost
$21,324/yr
At $1,777/mo median
Location
StateNM
CountySanta Fe County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-3.7% YoY, +1.2% MoM), not inventory.
Demographics

Who lives here

ZIP 87505 (Santa Fe, NM) is majority owner-occupied, has a large retiree population, 57.2% of residents hold a bachelor's degree or higher.

Population
32,092
Median income
$78,247
Median age
54
Renters
39.6%
Age distribution
17.9%
22.8%
14.5%
34.1%
Under 1810.7%
18–3417.9%
35–5422.8%
55–6414.5%
65+34.1%
Gender
47.4%
52.6%
Male47.4%
Female52.6%
Race & ethnicity
67.2%
35.2%
White67.2%
Black1.8%
Hispanic35.2%
Asian1.9%
Education (25+)
14.2%
23.1%
57.2%
No HS diploma5.4%
HS diploma14.2%
Some college23.1%
Bachelor's+57.2%
Housing tenure
60.4%
39.6%
Owner60.4%
Renter39.6%

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

2021 vs 2026

How ZIP 87505 in Santa Fe, NM has changed in 5 years

Rent
$1,409 → $1,777
up 26.1%
Income
$68,760 → $78,247
up 13.8%
Population
31,885 → 32,092
up 0.6%
Renter share
38.1% → 39.6%
+1.5 pts
Bachelor's+
51.7% → 57.2%
+5.5 pts
Median age
51.1 → 54
+2.9 yrs

Since 2021, the typical rent in ZIP 87505 in Santa Fe, NM has climbed from $1,409 to $1,777, a 26.1% change over five years. Household income in the area moved from $68,760 to $78,247 across the same window, up 13.8% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 39.6% of households, compared with 38.1% five years ago. College-educated residents now make up 57.2% of adults here, versus 51.7% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 87505 in Santa Fe, NM look reasonable against where the market sat half a decade ago.

Community

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Local insights

Tips for renters in ZIP 87505

About renting in ZIP 87505

Last updated: July 20, 2026

ZIP code 87505 covers Santa Fe, NM. The median rent here is $1,777/mo as of July 2026. A 1-bedroom rents for a median of $1,440/mo. A 2-bedroom rents for a median of $1,750/mo.

At 27% of local median household income ($78,247/yr), ZIP 87505 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 87505?

As of July 20, 2026, the median monthly rent in ZIP 87505 (Santa Fe, NM) is $1,777. This is based on aggregated data from public sources and community submissions.

How does ZIP 87505 rent compare to the US average?

ZIP 87505's median rent of $1,777/mo is $188 (10%) below the US national median of $1,965/mo.

How does ZIP 87505 compare to other ZIPs in New Mexico?

ZIP 87505 is one of the pricier ZIP codes in New Mexico, ranking #8 out of 35 ZIPs tracked at $1,777/mo.

How much income do you need to rent in ZIP 87505?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (~$34/hour full-time) to afford the median rent of $1,777/mo in ZIP 87505. The local median household income is $78,247/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 87505?

Rent in ZIP 87505 has decreased 3.7% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 87505 an affordable place to rent?

ZIP 87505 is considered affordable for renters. At $1,777/mo, rent takes approximately 27% of the local median household income ($78,247/yr). The standard benchmark is 30%. ZIP 87505 falls comfortably within that range.

What percentage of ZIP 87505 residents rent vs. own?

According to Census data, approximately 39.6% of ZIP 87505 households are renters, while 60.4% are owner-occupied. ZIP 87505 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 87505 compare to the rest of Santa Fe?

ZIP 87505 is more affordable than Santa Fe overall. At $1,777/mo, it's $155 below the Santa Fe citywide median of $1,932/mo.

When was rent data for ZIP 87505 last updated?

Rent data for ZIP 87505 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,777/mo, rent takes ~27% of ZIP 87505's median household income ($78,247/yr). The standard benchmark is 30%.

ZIP 87505 27%Benchmark 30%
State income tax1.7–5.9%
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