Eldorado at Santa Fe, NM housing market
Homes typically sell in 35 days, close to asking.
Home values, sales, trends and how Eldorado at Santa Fe compares with the towns next door — updated as new data is published.
Eldorado at Santa Fe at a glance
A seller's market
Supply is tight — about 3 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Home prices up 37% in 5 years
The federal house price index for the ZIP codes around Eldorado at Santa Fe rose 37% over the past 5 years, slower than across New Mexico (50%). Last year prices fell 5.3%. Carrying the Census median home value forward with that index puts the typical Eldorado at Santa Fe home at roughly $630,000 today.
Show as a table
| Year | Change that year | Since 2000 | New Mexico since 2000 |
|---|---|---|---|
| 2025 | −5.3% | +133% | +151% |
| 2024 | +13% | +145% | +143% |
| 2023 | −0.2% | +118% | +131% |
| 2022 | +16% | +118% | +114% |
| 2021 | +11% | +89% | +87% |
| 2020 | +6.4% | +70% | +68% |
| 2019 | +9.9% | +60% | +60% |
| 2018 | +0.9% | +45% | +52% |
| 2017 | +4.2% | +44% | +47% |
| 2016 | +5% | +38% | +42% |
| 2015 | +4.1% | +32% | +38% |
| 2014 | −1.1% | +27% | +36% |
| 2013 | −0.5% | +28% | +34% |
| 2012 | −4.9% | +29% | +33% |
| 2011 | −2.3% | +35% | +37% |
| 2010 | −9.3% | +39% | +43% |
| 2009 | −4.9% | +53% | +49% |
| 2008 | −2.4% | +61% | +57% |
| 2007 | +5.6% | +65% | +59% |
| 2006 | +7.5% | +56% | +50% |
| 2005 | +12% | +45% | +33% |
| 2004 | +9.2% | +29% | +18% |
| 2003 | +6.5% | +18% | +11% |
| 2002 | +4.6% | +11% | +6.8% |
| 2001 | +6.1% | +6.1% | +3.6% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 87508, 87540, covering 86% of Eldorado at Santa Fe’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
5.6 years of income
The typical Eldorado at Santa Fe home costs about 5.6 years of the town's median household income, more than across New Mexico (5 years).
How Eldorado at Santa Fe ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,030
HUD's Fair Market Rent for a two-bedroom in Eldorado at Santa Fe is $2,030 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Eldorado at Santa Fe pay a median of $2,526. A two-bedroom takes about 23% of the town's median household income.
Studio $1,510 · 4 bedrooms $2,680
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (87508, 87540; Santa Fe, NM MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.