Is Santa Fe, NM a good place to invest in rental property?

Santa Fe, NM has a median modeled monthly cash flow of $-1,961 and a median cap rate of 2.5%, on a median sold price of $499,990. Prices changed -3.0% year over year.

What is the average cap rate in Santa Fe, NM?

The median cap rate across recently sold homes in Santa Fe, NM is 2.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Santa Fe, NM?

The median sold price in Santa Fe, NM is $499,990 (about $310 per square foot).

Investing in Santa Fe, NM Real Estate

A data-driven snapshot of the Santa Fe, NM rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$499,990Median sold price

$310Median $/sqft

2.5%Median cap rate

$-1,961Modeled cash flow / mo

-3.0%Appreciation YoY

180.5Months of supply

1,339Active listings

89Sold (last 12 mo)

What the Santa Fe numbers say

In Santa Fe, NM, the median home sold for $499,990 (about $310 per square foot), and the typical deal models out to a 2.5% cap rate with a median $-1,961 of monthly cash flow. Sold prices moved -3.0% over the past year. Inventory sits at about 180.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New Mexico markets to compare

See Santa Fe cash-flowing listings

CashFlowRE ranks every for-sale home in Santa Fe, NM by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Santa Fe deals, or browse the national market data.