87508 — Santa Fe, NM Home Values
Typical home value $657,062 as of June 2026 · 4th of 12 in Santa Fe, NM
Blue: typical home value (Zillow ZHVI) in ZIP code 87508, June 2021 to June 2026. This page shows observed data only; no forecast.
How 87508 compares in the Santa Fe, NM area
ZIP code 87508 (Santa Fe, NM) has a typical home value of $657,062 as of June 2026, ranking 4th of 12 ZIP codes tracked in the Santa Fe, NM area, more expensive than about 75% of ZIP codes in the metro. Prices here have moved +0.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +19.3%, from $550,874 in June 2021 to $657,062 in June 2026.
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 87508 has a population of 18,745, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 54.2% White, 40.7% Hispanic or Latino, 1.9% two or more races, 1.4% Asian, 0.9% Black or African American, 0.8% American Indian or Alaska Native, and 0.1% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| EL DORADO COMMUNITY SCHOOL | 2 AVENIDA TORREON, SANTA FE, NM | 2.4 mi |
| ACADEMY FOR TECHNOLOGY & CLASSICS | 74 A VAN NU PO RD, SANTA FE, NM | 5.8 mi |
| TURQUOISE TRAIL CHARTER SCHOOL | 13A SAN MARCOS LOOP, SANTA FE, NM | 6.1 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 87508?
$657,062 as of June 2026, the latest month Zillow has published observed data for.
Is 87508 an expensive ZIP code in the Santa Fe, NM area?
87508 ranks 4th of 12 ZIP codes in the Santa Fe, NM area by typical home value, more expensive than about 75% of ZIP codes in the metro.
How much have home values in 87508 changed over the past year?
+0.4% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 87508?
18,745, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 87508?
EL DORADO COMMUNITY SCHOOL (2.4 mi), ACADEMY FOR TECHNOLOGY & CLASSICS (5.8 mi), TURQUOISE TRAIL CHARTER SCHOOL (6.1 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 87508?
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.