HousingHandbookReference data

U.S. ZIP Code · NM87056

Santa Fe County · Santa Fe, NM

Typical home value

$411,273[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.8%
5-year / yr
+2.0%
10-year / yr

Relative price

vs U.S.
+44.8%
vs metro
-6.4%
vs state
+47.1%
ZIP 87056 location in NM
Location of ZIP 87056 in NM

Price history

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

The typical home in 87056 is worth $411,273 — 6.4% below the Santa Fe, NM median. Over the past year, values have risen 3.8%. The effective property tax rate is 0.4%.

#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
0.4%[3]
Typical annual tax
$1,511[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
1,084[3]
Median household income
$76,563[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

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$2,080
Loan principal$329,019
Down payment$82,255
Total interest paid$419,645

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$2,549
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
9th percentile[1]
Rental yield
[2]
Property tax
27th percentile[3]

Frequently asked

How much is a home worth in ZIP code 87056?
The typical home in 87056 is worth $411,273, based on the Zillow Home Value Index.
Are home values rising in 87056?
Home values in 87056 are up 3.8% over the past year, and up 2.0% a year over five years.
What is the property tax rate in 87056?
The effective property tax rate in 87056 is 0.4% — roughly $1,511 a year on a typical home.
Who lives in 87056?
ZIP code 87056 has a population of 1,084 and a median household income of $76,563.

#Comparable ZIPs

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

  • La Cueva CDP, NM

    Typical home
    $419,923
    Gross yield
  • Los Cerrillos CDP, NM

    Typical home
    $390,266
    Gross yield
  • Edgewood, NM

    Typical home
    $380,286
    Gross yield
  • Santa Fe, NM

    Typical home
    $459,141
    Gross yield
    5.2%
  • Cuartelez CDP, NM

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

    Typical home
    $327,472
    Gross yield

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