Housing market/New Mexico/ZIP 87505
ZIP 87505 Santa Fe, New Mexico
Santa Fe, NM MSA · New Mexico. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 87505 · NM — sent to you.
ZIP 87505 · NM
ACS rent vs 2BR SAFMR
ZIP 87505 — Santa Fe, NM HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 87505
- 1-unit detached11,16859.6%
- 1-unit attached1,8559.9%
- 2–4 units1,90310.2%
- 5–49 units2,82615.1%
- 50+ units4692.5%
- Mobile5122.7%
2–4 unit share 10.2% · 5–49 unit share 15.1% · combined 2–49 25.2%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,348 (all bedrooms, occupied rentals).
- Median contract rent $1,185.
- Renters paying ≥30% of income 43.6%; ≥50% 21.7%.
- FY2027 2BR SAFMR $1,780 (1.320× ACS median gross rent).
Population
32,189 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +5.0%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 13 projects, 1,386 units.
- HUD project-based assisted MF: 6 properties, 450 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 244 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 87505 41.0% of occupied households are renters; vacancy is 12.7%; ACS median gross rent is $1,348; population increased +5.0% between the 2018 and 2023 ACS vintages; the housing stock includes 1,903 units in 2–4-unit structures and 2,826 units in 5–49-unit structures; 13 LIHTC projects totaling 1,386 units; FY2027 2BR SAFMR is $1,780 versus ACS median gross rent of $1,348. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
New Mexico research
ZIP 87505 is a Census / HUD profile for Santa Fe, NM. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 87505 — Santa Fe, NM HUD Section 8 Payment Standards / SAFMR·New Mexico ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New Mexico research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 87505?
ZIP 87505 (Santa Fe, NM MSA) has 32,189 residents, 16,352 households, a renter share of 41.0%, median household income of $75,912, and ACS 2023 median gross rent of $1,348. Vacancy is 12.7%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 87505?
ACS counts 747 units in 2-unit buildings, 1,156 in 3–4 unit buildings, 1,093 in 5–9, 1,190 in 10–19, and 543 in 20–49. Combined 2–49 unit stock is 4,729 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 87505?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,780. See the full schedule and 90–110% payment-standard band on the ZIP 87505 — Santa Fe, NM HUD Section 8 Payment Standards / SAFMR.
Does this New Mexico ZIP profile include Georgia listings?
No. ZIP 87505 is Census / HUD research for Santa Fe, NM MSA. Jeff Crowe CRE does not list New Mexico property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.