Rent to own Homes in Santa Fe, NM
Santa Fe, New Mexico, is a city where both art and artists prosper, and it's the oldest capital city in the country. It's a place that has caught the fancy of many writers, including George R.R. Martin, Cormac McCarthy, and D.H.Lawrence, who once exclaimed that the magnificence of Santa Fe made his "soul stand still". Be it the George O'Keefe Museum or SITE Santa Fe, St. Francis Cathedral or the State Capitol Building, the Santa Fe Opera or Fiesta De Santa Fe, each of these attractions has helped Santa Fe earn its its famous nickname: "The City Different".
Santa Fe, NM is a great place for affordable rent-to-own homes! With a median household income of over $57,274 and a median rent of $1,125, the Santa Fe, NM rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Santa Fe, NM. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Santa Fe, NM Property Resources
Rent to own Homes in Cities Near Santa Fe, NM
- Cañada de los Alamos
- Cañada De Los Alamos
- Canoncito
- Cerrillos
- Chamita
- Chimayo
- Chupadero
- Cochiti
- Cochiti Lake
- Conejo
- Cordova
- Cuartelez
- Cundiyo
- Cuyamungue Grant
- Eldorado at Santa Fe
- El Rancho
- El Valle de Arroyo Seco
- Encantado
- Glorieta
- Hernandez
- Hyde Park
- Jacona
- La Bajada
- La Cienega
- Lamy
- La Puebla
- Las Campanas
- La Tierra
- Los Alamos
- Los Cerrillos
- Madrid
- Nambe
- Ohkay Owingeh
- Peak Place
- Peña Blanca
- Pojoaque
- Pueblito
- Rio Chiquito
- Rio en Medio
- San Ildefonso Pueblo
- Santa Cruz
- Santa Fe Foothills
- Santo Domingo Pueblo
- Seton Village
- Sombrillo
- Sunlit Hills
- Tano Road
- Tesuque
- Tesuque Pueblo
- Valle Vista
Neighborhoods in Santa Fe, NM
La Cieneguita rent to own homes Candlelight rent to own homes Downtown Santa Fe rent to own homes Campo Conejos rent to own homes Lovato Grant rent to own homes La Nueva Casa Solana rent to own homes El Canon rent to own homes Historic Guadalupe rent to own homes Vista Encantada rent to own homes Vista Primera rent to own homesPopular Zip Codes in Santa Fe, NM
87594 rent to own homes 87592 rent to own homes 87502 rent to own homes 87504 rent to own homesBuying a Home in Santa Fe, NM
Santa Fe, NM is seeing rapid growth and Santa Fe, NM's' housing market remains not optimal with an average home price that is 34% above the 2024 national average. Santa Fe, NM is part of Santa Fe county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Santa Fe is 0.39% which is below the national average, which is 0.99%.
Median Home Price in Santa Fe, NM
Median Rent in Santa Fe, NM
Top Reasons to Live in Santa Fe NM
Housing Statistics Average house prices and number of home sale transactions in Santa Fe have been on the decline in the last few years, and the median home sales price fell to approximately $248,000 this year. 60% of houses are occupied by owners, indicating that people are more inclined to settle down in this city. At the same time, apartments are filling up, as the vacancy rate has hit rock bottom at 7%.
Local Sports Santa Fe has an emerging local sports scene. The city is home to Santa Fe Fuego, a professional baseball team and a member of the Pecos League. Sports is also an integral part of the city's high schools, and the district football playoffs are a major event. Don't forget about the Rodeo de Santa Fe, which is one of the top 100 rodeos in the country.
Local Restaurants Santa Fe also boasts an array of acclaimed local restaurants. The chili pepper is the king of New Mexican cuisine. It is found in almost all kinds of dishes, be it a hamburger or a burrito. If you are looking for a quick bite, try the Tomasita, Guadalupe Cafe or Tia Sophia's. All these cafes are known for their authentic New Mexican cuisine, especially dishes like blue-corn enchilladas, huevos rancheros and green-chili. For a more elaborate dining experience, book a table at Geronimo, Luminaria, or the Compound, which is run by the famed chef Mark Kiffen.
Neighborhood Guide As a historic city that's home to over 70,000 people, Santa Fe has a number of different neighborhoods. While the older neighborhoods are quite community oriented, newer neighborhoods have a more modern feel to them.