87501 — Santa Fe, NM Home Values
Typical home value $742,149 as of June 2026 · 3rd of 12 in Santa Fe, NM
Blue: typical home value (Zillow ZHVI) in ZIP code 87501, June 2021 to June 2026. This page shows observed data only; no forecast.
How 87501 compares in the Santa Fe, NM area
ZIP code 87501 (Santa Fe, NM) has a typical home value of $742,149 as of June 2026, ranking 3rd of 12 ZIP codes tracked in the Santa Fe, NM area, more expensive than about 83% of ZIP codes in the metro. Prices here have moved +1.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +18.4%, from $627,021 in June 2021 to $742,149 in June 2026. Against observed rent, the typical home here sells for 28.8× the annual rent ($2,144/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Santa Fe, NM forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Santa Fe.
Population and demographics
ZIP code 87501 has a population of 15,409, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 64.5% White, 29.7% Hispanic or Latino, 2.7% two or more races, 1.1% American Indian or Alaska Native, 1.1% Asian, 0.6% Black or African American, and 0.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| ATALAYA ELEMENTARY | 721 CAMINO CABRA, SANTA FE, NM | 4.2 mi |
| ACEQUIA MADRE ELEMENTARY | 700 ACEQUIA MADRE ST, SANTA FE, NM | 4.8 mi |
| CARLOS GILBERT ELEMENTARY | 300 GRIFFIN ST, SANTA FE, NM | 5.3 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 87501?
$742,149 as of June 2026, the latest month Zillow has published observed data for.
Is 87501 an expensive ZIP code in the Santa Fe, NM area?
87501 ranks 3rd of 12 ZIP codes in the Santa Fe, NM area by typical home value, more expensive than about 83% of ZIP codes in the metro.
How much have home values in 87501 changed over the past year?
+1.4% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 87501?
The typical home price is 28.8× the observed annual rent in this ZIP code ($2,144/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 87501?
15,409, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 87501?
ATALAYA ELEMENTARY (4.2 mi), ACEQUIA MADRE ELEMENTARY (4.8 mi), CARLOS GILBERT ELEMENTARY (5.3 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 87501?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Santa Fe, NM forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.