Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 87540, New Mexico?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 87540, New Mexico (ZIP 87540) is $1,039/month (±$234), based on Census ACS 5-Year estimates (2024). The median home value is $729,700 (±$186,444), and the median household income is $52,500/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 87540
| Metric | Value |
|---|---|
| Median Gross Rent | $1,039 |
| Median Home Value | $729,700 |
| Median Household Income | $52,500 |
| Total Housing Units | 632 |
| Renter-Occupied Units | 254 |
| Renter-Occupied Share | 40% |
| Households Paying 50%+ Income | 12 households |
| Unemployment Rate(April 2026) | 3.9% |
How does ZIP 87540 compare?
Median gross rent ranked against all ZIP codes in New Mexico.
Higher rent than 66% of ZIP codes in New Mexico · 60th of 173
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 87043 | $2,717 |
| 2 | ZCTA5 87122 | $2,534 |
| 3 | ZCTA5 87116 | $1,766 |
| … 56 more … | ||
| 60 | ZCTA5 87540(you are here) | $1,039 |
| … 110 more … | ||
| 171 | ZCTA5 88029 | $414 |
| 172 | ZCTA5 88119 | $387 |
| 173 | ZCTA5 88340 | $330 |
Geography
ZIP 87540 is in Santa Fe County, New Mexico.
It covers part of Galisteo CDP city, New Mexico.
More data for ZCTA5 87540
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Frequently asked questions
What is the average rent in ZCTA5 87540, New Mexico?
The median gross rent in ZCTA5 87540, New Mexico (ZIP 87540) is $1,039/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 87540, New Mexico?
The median rent for a 2-bedroom in ZCTA5 87540, 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 87540, New Mexico?
The median home value in ZCTA5 87540, New Mexico (ZIP 87540) is $729,700 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 87540 are rent-burdened?
In ZCTA5 87540, New Mexico, 12 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 87540, New Mexico?
The median household income in ZCTA5 87540, New Mexico is $52,500/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 $1,039 has a margin of error of ±$234. In very small areas, MOEs can be large relative to the estimate.
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