What is the average home price in Santa Fe New Mexico?
DID YOU KNOW
| HOUSING | Santa Fe, New Mexico | United States |
|---|---|---|
| Median Home Cost | $470,000 | $291,700 |
| Home Appr. Last 12 months | 13.8% | 15.0% |
| Home Appr. Last 5 yrs. | 40.5% | 42.4% |
| Home Appr. Last 10 yrs. | 53.4% | 77.0% |
Is Santa Fe real estate a good investment?
According to Forbes, in 2021 alone, Santa Fe properties appreciated in value by around 20%, which is extremely high compared to most other places across the country. In terms of real estate trends, Santa Fe has been trending upward for multiple years and is predicted to continue to do so according to Norada reports.
What’s it like to live in Santa Fe?
Living in Santa Fe offers residents a dense suburban feel and most residents own their homes. In Santa Fe there are a lot of restaurants, coffee shops, and parks. Many young professionals and retirees live in Santa Fe and residents tend to lean liberal. The public schools in Santa Fe are above average.
Why is Santa Fe real estate so expensive?
Low inventory, high demand and construction delays have contributed to skyrocketing housing prices in Santa Fe in 2022, new data from the Santa Fe Association of Realtors shows. The median sales price of single-family homes jumped almost 10%, or $63,980, since April of last year.
Is it cheaper to live in Albuquerque or Santa Fe?
Santa Fe is 26.7% more expensive than Albuquerque. Santa Fe housing costs are 86.9% more expensive than Albuquerque housing costs. Health related expenses are 1.2% more in Santa Fe.
Is Santa Fe wealthy?
But only the rich need apply. Rancho Santa Fe, a town of 5,000 people 30 miles north of San Diego, is the nation’s wealthiest among communities of 1,000 households or more, according to Census figures released Tuesday.
Should I retire to Santa Fe NM?
You don’t have to look far online to find people who agree that Santa Fe is a desirable retirement community. Conde Nast listed Santa Fe as one of the world’s top 10 best places to retire, for example, and US News and World Report picked Santa Fe as one of the best 10 places to reinvent your life in retirement.