87532 — Espanola, NM Home Values
Typical home value $353,395 as of June 2026 · 11th of 12 in Santa Fe, NM
Blue: typical home value (Zillow ZHVI) in ZIP code 87532, June 2021 to June 2026. This page shows observed data only; no forecast.
How 87532 compares in the Santa Fe, NM area
ZIP code 87532 (Espanola, NM) has a typical home value of $353,395 as of June 2026, ranking 11th of 12 ZIP codes tracked in the Santa Fe, NM area, more expensive than about 17% of ZIP codes in the metro. Prices here have moved +4.9% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +31.6%, from $268,569 in June 2021 to $353,395 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 87532 has a population of 19,522, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 77.2% Hispanic or Latino, 12.5% White, 7.8% American Indian or Alaska Native, 1% two or more races, 0.6% Black or African American, 0.5% Asian, and 0.3% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| CARLOS F. VIGIL MIDDLE | 1260 INDUSTRIAL PARK RD, ESPANOLA, NM | 1.9 mi |
| LOS NINOS ELEMENTARY | 323 NORTH CORONADO AVE, ESPANOLA, NM | 2 mi |
| JAMES RODRIGUEZ ELEMENTARY | 420 NORTH CORONADO AVE, ESPANOLA, NM | 2.2 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 87532?
$353,395 as of June 2026, the latest month Zillow has published observed data for.
Is 87532 an expensive ZIP code in the Santa Fe, NM area?
87532 ranks 11th of 12 ZIP codes in the Santa Fe, NM area by typical home value, more expensive than about 17% of ZIP codes in the metro.
How much have home values in 87532 changed over the past year?
+4.9% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 87532?
19,522, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 87532?
CARLOS F. VIGIL MIDDLE (1.9 mi), LOS NINOS ELEMENTARY (2 mi), JAMES RODRIGUEZ ELEMENTARY (2.2 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 87532?
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.