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

Santa Fe, NM has a median modeled monthly cash flow of $-2,029 and a median cap rate of 2.4%, on a median sold price of $499,495. Prices changed -5.3% 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 2.4%, 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 $499,495 (about $302 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.

$499,495Median sold price

$302Median $/sqft

2.4%Median cap rate

$-2,029Modeled cash flow / mo

-5.3%Appreciation YoY

135.2Months of supply

811Active listings

72Sold (last 12 mo)

What the Santa Fe numbers say

In Santa Fe, NM, the median home sold for $499,495 (about $302 per square foot), and the typical deal models out to a 2.4% cap rate with a median $-2,029 of monthly cash flow. Sold prices moved -5.3% over the past year. Inventory sits at about 135.2 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.