There are currently 49,722 real estate properties in Santa Fe, NM, with a median automated valuation model (AVM) price of $542,366.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Santa Fe, NM, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Santa Fe, NM, is $731,994.00, with the most expensive house in Santa Fe, NM, topping out at $27,857,800.00 and the cheapest home in Santa Fe, NM, clocking in at $34,287.00. In other words, there’s something for every potential homebuyer or savvy investor in Santa Fe, NM!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Santa Fe, NM, is on a rollercoaster ride. The average rent price in Santa Fe, NM, is $1,885.00. Indeed, when looking to rent in Santa Fe, NM, you can expect to pay as little as $700.00 or as much as $4,600.00, with the average rent median estimated to be $1,810.00. The good news is that finding an affordable and desirable property to rent in Santa Fe, NM -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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