Santa Fe County Real Estate and Livability Trends
Santa Fe County, New Mexico has witnessed a noteworthy increase in median housing values from $275,200 in 2015 to $374,200 in 2022, outpacing both state and national trends. This likely coincides with rising property taxes, nearly doubling over the past decade to $5,177.24 in 2020. Additionally, the area sees predominantly principal residence mortgages, signaling a potential shift towards... Read more
Santa Fe County Market Trends
Santa Fe County, New Mexico has seen a remarkable increase in median housing values over the past eight years, climbing from $275,200 in 2015 to $374,200 in 2022, outpacing both state and national trends. Meanwhile, the county's real estate taxes nearly doubled in the last decade, peaking at $5,177.24 in 2020 compared to $2,796.30 in 2012, highlighting significant property value appreciation.... Read more
Median Value of Occupied Housing Units in Santa Fe County, New Mexico Over the Last 8 Years
Santa Fe County, New Mexico has seen a remarkable increase in median housing values over the past eight years, with a jump from $275,200 in 2015 to $374,200 in 2022. This growth outpaces both state and national trends, where New Mexico's median home values went from $160,300 to $216,000 and the national values from $125,500 to $179,400 in the same period. For those looking to invest in real estate, the rapid appreciation in Santa Fe may indicate a lucrative opportunity. People considering moving to or building property in Santa Fe County might find the booming housing market reflective of growing desirability and potential long-term value.
Residential Energy Tax Credit Per Tax Return in Santa Fe County, NM Over the Last 9 Years
Santa Fe County, New Mexico has shown fluctuating but generally significant residential energy tax credits over the past nine years, with a notable peak in 2018 at $4,583.33 per tax return. The data suggests periods of increased investment in energy-efficient upgrades, like in 2015 and 2017, which can potentially indicate a growing market for green energy solutions. This trend might be appealing for investors, real estate agents, and builders focusing on sustainable developments. Insurance agents and appraisers could see higher property values associated with these energy-efficient improvements, potentially affecting premiums and evaluations.
Average Real Estate Taxes Per Tax Return in Santa Fe County, NM Over the Last 10 Years
Santa Fe County, New Mexico, has experienced a noteworthy increase in average real estate taxes over the past decade. Starting at around $2,796.30 in 2012, taxes rose steadily each year, peaking at $5,177.24 in 2020, showcasing an almost doubling in just ten years. This significant rise may be of particular interest to potential investors, buyers, and real estate professionals, hinting at underlying factors such as property value appreciation, economic growth, or shifts in county tax policies. The sudden jump in 2018 to $4,439.31 from $3,529.62 the previous year may also warrant further scrutiny for those assessing long-term affordability and investment prospects in the area.
Percentage of Farm Returns in Santa Fe County, NM Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Santa Fe County, New Mexico has generally hovered around 0.63% to 0.75%. Farm tax returns are documents submitted by farmers to report their income and expenses from farming operations, playing a critical role in local agricultural economics. Understanding these trends can offer insights into the overall health and viability of agriculture in the area, which is crucial for prospective investors, property developers, and residents. Notably, there has been a modest but consistent decline, potentially signaling shifts in the county's agricultural landscape or broader economic factors.
Number of Mortgages by Occupancy Type in Santa Fe County, NM Over the Last 5 Years in Santa Fe County
Over the last five years in Santa Fe County, New Mexico, the number of principal residence mortgages consistently outnumbered those for investment and second residences, peaking in 2020. Changes in the type of property occupancy can indicate shifts in residential stability and investment strategy within the area, influencing decisions for investors, real estate agents, and property developers. Lower numbers in investment property mortgages in recent years could suggest a shift towards more permanent residency or a tighter market for rental properties, which is critical for appraisers and insurance agents assessing property values and risks. Understanding these trends helps potential movers gauge the community dynamics and real estate agents strategize on property listings and client targeting.
Economic Outlook
Santa Fe County, New Mexico, has seen a consistent rise in average taxable income per tax return, climbing from approximately $66,844.68 in 2013 to around $99,031.22 by 2021. This upward trend suggests possible economic growth, which could attract investors and affect property values. Additionally, average state and local income taxes rose from $6,562.29 in 2012 to $13,240.99 by 2021, potentially reflecting increased local economic activity or policy shifts. The average total tax liability also... Read more
Average Taxable Income per Tax Return in Santa Fe County, NM over the last 9 years
Over the last nine years, average taxable income per tax return in Santa Fe County, New Mexico has shown a consistent upward trend, rising from approximately $66,844.68 in 2013 to about $99,031.22 by 2021. This indicates potential economic growth and prosperity, which could be appealing to investors, real estate agents, and those looking to move to or do business in the area. The noticeable increase in incomes might also impact property values and demand for housing, making Santa Fe County a potentially lucrative market for appraisors and insurance agents.
Average State and Local Income Taxes Per Tax Return in Santa Fe County, NM Over the Last 10 Years
Santa Fe County, New Mexico has seen a notable increase in average state and local income taxes per tax return over the last decade. Starting at $6,562.29 in 2012, the taxes rose steadily, hitting a significant jump around 2018 with a peak to $11,144.90, and climbing to $13,240.99 by 2021. This trend might imply growing local economic activity or policy changes affecting taxation. Prospective investors, builders, and real estate agents could find these tax trends insightful for financial planning or advising clients, considering the potential impact on disposable income and property costs.
Average Total Tax Liability Per Tax Return in Santa Fe County, NM Over the Last 10 Years
Santa Fe County, New Mexico, has seen a generally upward trend in average total tax liability per tax return over the past decade. Starting at approximately $13,248.20 in 2012, the liability peaked significantly in 2021 at around $18,675.85. Notable fluctuations, such as a dip in 2015 and a steady climb post-2016, reflect potential shifts in the local economy and property values. This trend suggests that those investing, building, or selling property in the area should be aware of the rising tax burdens, which could impact financial planning and investment strategies.
Cost of Living in Santa Fe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,597 | $1,653 | $1,594 | $1,714 | $1,474 |
| 1 adult 4 children | $1,597 | $1,350 | $1,230 | $1,714 | $1,627 |
| 2 adults 3 children | $1,597 | $1,350 | $1,377 | $1,714 | $1,246 |
| 1 adult 3 children | $1,597 | $1,102 | $1,014 | $1,714 | $1,387 |
| 2 adults 2 children | $1,249 | $1,105 | $1,161 | $1,507 | $999 |
| 1 adult 2 children | $1,249 | $826 | $797 | $1,507 | $1,032 |
| 2 adults 1 child | $1,249 | $874 | $944 | $833 | $896 |
| 1 adult 1 child | $1,249 | $564 | $580 | $833 | $763 |
| 2 adults | $1,087 | $702 | $728 | $0 | $670 |
| 1 adult | $952 | $383 | $364 | $0 | $583 |
Safety trends & Data
Santa Fe County, New Mexico has seen fluctuating property crime rates over the past five years, with Larceny-Theft incidents tapering from 462 in 2018 to 301 in 2022. Burglary and Motor Vehicle Theft show noticeable declines, hinting at potentially effective local law enforcement measures. However, Vandalism and Stolen Property offenses remain steady, which might concern property investors or builders evaluating local security. This nuanced crime data could guide key decisions for those looking... Read more
Property Crime Trends in Santa Fe County, NM Over the Last 5 Years
Santa Fe County, New Mexico has seen fluctuating property crime rates over the past five years, with Larceny-Theft consistently being the most reported crime, showing a significant tapering from 462 incidents in 2018 to 301 in 2022. Burglary and Motor Vehicle Theft also exhibit noticeable declines, potentially indicating effective local law enforcement measures. However, Vandalism and Stolen Property offenses remain relatively steady, which might concern property investors or builders considering the local security landscape. This nuanced crime data could guide key decisions for those looking to move to the area, real estate professionals, and insurance agents evaluating risk factors.
Demographics
Santa Fe County's adult population shows a relatively balanced gender ratio with a slight majority of females. Education levels suggest a highly educated populace, with a significant portion having Bachelor's and graduate degrees, transcending national averages. The age distribution hints at an older demographic, particularly notable in the 55 to 74-year age brackets. Racially, the county remains predominantly White, but there's a considerable Hispanic/Latino influence inferred from the... Read more
Race Distribution in Santa Fe County, New Mexico (2022)
Educational Attainment in Santa Fe County, New Mexico (2022)
Age Distribution in Santa Fe County, New Mexico
Citizen Population in Santa Fe County, New Mexico (2022)
Political Trends & Data
Santa Fe County, New Mexico skewed significantly Democratic in the 2020 U.S. Presidential Election, with Democrats potentially securing around 76% of the vote. Republicans seemed to trail substantially, possibly capturing just over 22%. Libertarian, Green, and other minor parties might have barely crossed 1.5%, suggesting a strong two-party preference, particularly favoring... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Santa Fe County, New Mexico leaned heavily Democratic in the 2020 U.S. Presidential Election, with Democrats possibly capturing around 76% of the vote. Republicans trailed significantly, potentially garnering just over 22%. Libertarian, Green, and other minor party candidates combined may have barely exceeded 1.5%, indicating a strong preference for the major parties, particularly Democrats, among voters in this county.
22.29% of voters voted for the Republican party in the 2020 Presidential Election
76.05% of voters voted for the Democrat party in the 2020 Presidential Election
0.92% of voters voted for the Livertarian party in the 2020 Presidential Election
0.49% of voters voted for the Green party in the 2020 Presidential Election
0.25% of voters voted for the Other party in the 2020 Presidential Election
School Data
Santa Fe County, New Mexico has seen its student-to-teacher ratio peak at 38 students per teacher in 2015 before declining to around 14 students per teacher by 2023. This high variability indicates potential periods of resource scarcity, impacting classroom effectiveness. With the ratio now aligning with the national average, improving educational conditions may attract families, positively affecting real estate and property... Read more
Student-to-teacher ratio in Santa Fe County, New Mexico over the last 10 years
Santa Fe County, New Mexico has seen significant fluctuations in its student-to-teacher ratio over the last decade, peaking dramatically at 38 students per teacher in 2015 before steadily declining to around 14 students per teacher by 2023. This high variability could indicate times of resource scarcity, affecting classroom effectiveness and potentially impacting educational outcomes. For those considering investments or relocations, this ratio's alignment with the national average of 14 students per teacher in recent years might suggest improving educational conditions. Real estate agents, appraisers, and developers may find this a positive trend for attracting families, while insurance agents should consider the implications of fluctuating educational quality on property values.
