HousingHandbookReference data

U.S. ZIP Code · NM87015

Santa Fe County · Santa Fe, NM

Typical home value

$380,286[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.2%
5-year / yr
+4.6%
10-year / yr
+6.6%

Relative price

vs U.S.
+33.9%
vs metro
-13.5%
vs state
+36.0%
ZIP 87015 location in NM
Location of ZIP 87015 in NM

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 87015 is worth $380,286 — 13.5% below the Santa Fe, NM median. Over the past year, values have risen 2.2%. The effective property tax rate is 0.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.5%[3]
Typical annual tax
$1,971[3]

#Climate risk

FEMA National Risk Index ratings for Santa Fe County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Relatively High
Drought
Relatively Moderate
Heat wave
Relatively Low
Hurricane
Not Applicable
Tornado
Very Low
Earthquake
Relatively Low
Winter weather
Relatively High

#Who lives here

Population
14,443[3]
Median household income
$79,904[3]

#Migration

Household moves in and out of Santa Fe County over a year, from IRS tax-return data.

Net migration
+339[5]
Moved in
4,682
Moved out
4,343

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
3
Elementary
1
Middle
0
High
0
  • PECOS CYBER ACADEMY

    Other · Grades K–12 · PECOS CYBER ACADEMY

    1,431 students

  • ESTANCIA VALLEY CLASSICAL ACADEMY

    Other · Grades K–12 · ESTANCIA VALLEY CLASSICAL ACADEMY

    603 students

  • SOUTH MOUNTAIN ELEMENTARY

    Elementary · Grades K–5 · MORIARTY-EDGEWOOD

    309 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,923
Loan principal$304,229
Down payment$76,057
Total interest paid$388,028

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$2,405
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
91st percentile[1]
Rental yield
[2]
Property tax
100th percentile[3]

Frequently asked

How much is a home worth in ZIP code 87015?
The typical home in 87015 is worth $380,286, based on the Zillow Home Value Index.
Are home values rising in 87015?
Home values in 87015 are up 2.2% over the past year, and up 4.6% a year over five years.
What is the property tax rate in 87015?
The effective property tax rate in 87015 is 0.5% — roughly $1,971 a year on a typical home.
Who lives in 87015?
ZIP code 87015 has a population of 14,443 and a median household income of $79,904.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Los Cerrillos CDP, NM

    Typical home
    $390,266
    Gross yield
  • Stanley CDP, NM

    Typical home
    $411,273
    Gross yield
  • La Cueva CDP, NM

    Typical home
    $419,923
    Gross yield
  • Cuartelez CDP, NM

    Typical home
    $336,261
    Gross yield
  • Chimayo CDP, NM

    Typical home
    $327,472
    Gross yield
  • Santa Fe, NM

    Typical home
    $459,141
    Gross yield
    5.2%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 87015 against any other ZIP — full side-by-side table.

Compare 87015

#Jump to section