87507 — Santa Fe County, New Mexico Market Snapshot
Housing market data for zip code 87507 in Santa Fe County, New Mexico. Updated monthly with median prices, days on market, and more.
Market Sales Data
108 sales in 2026 (year to date)
Median Sale Price
$524,750
Days to Sell
67
Homes Sold
108
Inventory
124
Sale-to-List
98.2%
New Listings
131
Price/SqFt
$309
Pending Sales
130
Conforming Loan Available
Most homebuyers in 87507 can comfortably use conventional financing. The median home price of $524,750 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 67 days on average, 87507 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
Homes are selling very close to asking price in 87507 (98.2% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 87507 can comfortably use conventional financing. The median home price of $524,750 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 87507 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 87507
To purchase the median home at $524,750 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,170.
Monthly Payment
$4,170
Income Required
$178,734
Principal & Interest
$3,233/mo
Down Payment (5%)
$26,238
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 87507.
Estimated Monthly Payment
$3,398
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