87506 — Santa Fe County, New Mexico Market Snapshot
Housing market data for zip code 87506 in Santa Fe County, New Mexico. Updated monthly with median prices, days on market, and more.
Market Sales Data
51 sales in 2026 (year to date)
Median Sale Price
$1,440,000
Days to Sell
107
Homes Sold
51
Inventory
141
Sale-to-List
96.5%
New Listings
119
Price/SqFt
$458
Pending Sales
73
Jumbo Loan Likely Needed
The median home in 87506 at $1,440,000 exceeds the 2026 conforming loan limit of $832,750 by $607,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
With homes sitting for 107 days on average, 87506 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 87506 sells for 3.5% below asking price (96.5% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 87506 at $1,440,000 exceeds the 2026 conforming loan limit of $832,750 by $607,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 87506 are set at the county level.
2026 Loan Limits — Santa Fe County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $569,250 |
| 2 Units | $1,066,250 | $728,750 |
| 3 Units | $1,288,800 | $880,900 |
| 4 Units | $1,601,750 | $1,094,700 |
Affordability Snapshot — Zip 87506
To purchase the median home at $1,440,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $11,183.
Monthly Payment
$11,183
Income Required
$479,264
Principal & Interest
$8,873/mo
Down Payment (5%)
$72,000
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 87506.
Estimated Monthly Payment
$9,062
Jumbo loan required. Loan amount exceeds the $832,750 conforming limit for 87506.
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