ZIP Code 87505

In Santa Fe's 87505 ZIP code, a median home value of $507,800 meets an effective property tax rate of 0.48%, yielding an annual bill of roughly $2,437. With median household income at $78,247, that tax consumes about 3.1% of yearly earnings—a share shaped as much by New Mexico's low county rate as by local home prices. Per-capita income reaches $60,039. Buyers here must also account for a combined sales tax of 8.19%, which raises the cost of everyday purchases and narrows what remains for mortgage payments in a market where values run high against earnings.