Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 87508, New Mexico?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 87508, New Mexico (ZIP 87508) is $1,623/month (±$278), based on Census ACS 5-Year estimates (2024). The median home value is $561,200 (±$25,877), and the median household income is $101,565/year. The unemployment rate in Santa Fe County, New Mexico was 3.9% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 87508
| Metric | Value |
|---|---|
| Median Gross Rent | $1,623 |
| Median Home Value | $561,200 |
| Median Household Income | $101,565 |
| Total Housing Units | 7,455 |
| Renter-Occupied Units | 553 |
| Renter-Occupied Share | 7% |
| Households Paying 50%+ Income | 113 households |
| Unemployment Rate(April 2026) | 3.9% |
How does ZIP 87508 compare?
Median gross rent ranked against all ZIP codes in New Mexico.
Higher rent than 97% of ZIP codes in New Mexico · 6th of 173
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 87043 | $2,717 |
| 2 | ZCTA5 87122 | $2,534 |
| 3 | ZCTA5 87116 | $1,766 |
| … 2 more … | ||
| 6 | ZCTA5 87508(you are here) | $1,623 |
| … 164 more … | ||
| 171 | ZCTA5 88029 | $414 |
| 172 | ZCTA5 88119 | $387 |
| 173 | ZCTA5 88340 | $330 |
Geography
ZIP 87508 is in Santa Fe County, New Mexico.
It covers part of Eldorado at Santa Fe CDP city, New Mexico.
More data for ZCTA5 87508
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Frequently asked questions
What is the average rent in ZCTA5 87508, New Mexico?
The median gross rent in ZCTA5 87508, New Mexico (ZIP 87508) is $1,623/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in ZCTA5 87508, New Mexico?
The median rent for a 2-bedroom in ZCTA5 87508, New Mexico is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in ZCTA5 87508, New Mexico?
The median home value in ZCTA5 87508, New Mexico (ZIP 87508) is $561,200 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 87508 are rent-burdened?
In ZCTA5 87508, New Mexico, 113 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in ZCTA5 87508, New Mexico?
The median household income in ZCTA5 87508, New Mexico is $101,565/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,623 has a margin of error of ±$278. In very small areas, MOEs can be large relative to the estimate.
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