87506 — Santa Fe, NM Home Values
Typical home value $1,107,870 as of June 2026 · 1st of 12 in Santa Fe, NM
Blue: typical home value (Zillow ZHVI) in ZIP code 87506, June 2021 to June 2026. This page shows observed data only; no forecast.
How 87506 compares in the Santa Fe, NM area
ZIP code 87506 (Santa Fe, NM) has a typical home value of $1,107,870 as of June 2026, ranking 1st of 12 ZIP codes tracked in the Santa Fe, NM area, the most expensive ZIP code in the metro. Prices here have moved +1.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +20.5%, from $919,044 in June 2021 to $1,107,870 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Santa Fe, NM forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Santa Fe.
Population and demographics
ZIP code 87506 has a population of 16,055, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 43.9% Hispanic or Latino, 39.3% White, 14% American Indian or Alaska Native, 1.4% two or more races, 0.8% Asian, 0.4% Black or African American, 0.2% another race, and 0.1% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Te Tsu Geh Oweenge Day School | Tesuque Pueblo, Tesuque Pueblo, NM | 2 mi |
| TESUQUE ELEMENTARY | 1555 BISHOPS LODGE RD, TESUQUE, NM | 4.6 mi |
| SIXTH GRADE ACADEMY | 1574 STATE RD 502, POJOAQUE, NM | 6 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 87506?
$1,107,870 as of June 2026, the latest month Zillow has published observed data for.
Is 87506 an expensive ZIP code in the Santa Fe, NM area?
87506 ranks 1st of 12 ZIP codes in the Santa Fe, NM area by typical home value, the most expensive ZIP code in the metro.
How much have home values in 87506 changed over the past year?
+1.4% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 87506?
16,055, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 87506?
Te Tsu Geh Oweenge Day School (2 mi), TESUQUE ELEMENTARY (4.6 mi), SIXTH GRADE ACADEMY (6 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 87506?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Santa Fe, NM forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.