Santa Fe, NM · standard
ZIP Code 87508
Santa Fe County, New Mexico - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 18,183
- 48/sq mi Moderate-density area
- $101,565
- Median income Above-median income area
- $561,200
- Median home value Above-median home value
- 53.3%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Santa Fe pairs an upper-quartile household income with upper-quartile home values, in a rural, homeowner-dominated area.
- Top 18%
- household income, US ZIPs
- Top 11%
- home value, US ZIPs
- 48
- people per sq mi
- 93%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 87508 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 87508 (Santa Fe, NM) rose +12.0% from 2023 to 2024. The all-transactions index moved from 228.0 in 2023 to 255.3 in 2024 (2000 = 100).
ZIP code 87508 is a mid-sized community (a standard USPS delivery area) in Santa Fe, Santa Fe County, New Mexico, home to 18,183 residents across 382.8 square miles, a density of 48 people per square mile, in the Denver time zone.
ZIP 87508 lands in the middle-income range, with a median household income of $101,565 (71% above the average New Mexico ZIP), while per-capita income is $59,189. The poverty rate is 9.4%, with unemployment at 3.8%; those measures add context to the income figure. Housing is both higher-cost and owner-heavy: median home value is $561,200 (161% above the average New Mexico ZIP), while 92.6% of occupied homes are owner-occupied and median rent is $1,623.
This is a highly-educated ZIP: 53.3% of adults hold a bachelor's degree or higher, the median age is 55.9, and the average commute is 26 minutes. The page also surfaces 3 ZIP codes within roughly 10 miles and 6 more in Santa Fe County, so 87508 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 87508
Top 5 sectors by establishment count in Santa Fe, NM
Which industries have the most business establishments in ZIP 87508.
- Professional, scientific, and technical services
Professional, scientific, and technical services
70 establishments
- Construction
Construction
60 establishments
- Health care and social assistance
Health care and social assistance
39 establishments
- Real estate and rental and leasing
Real estate and rental and leasing
30 establishments
- Other services (except public administration) 26
Other services (except public administration)
26 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 87508, Santa Fe, NM · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
18,183
Population
382.8
Area (sq mi)
48
People / sq mi
Denver
Time Zone
standard
ZIP Type
Who lives in ZIP 87508?
55.9
Median Age
50.0%
Male
50.0%
Female
9.6%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$101,565
Median Household Income
+71% vs state ZIP avg
$59,189
Per Capita Income
9.4%
Poverty Rate
3.8%
Unemployment Rate
26.1 min
Mean Commute Time
How ZIP 87508 ranks among New Mexico ZIPs
Santa Fe, NM household income vs. every New Mexico ZIP code
Median household income among 265 reporting New Mexico ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$101,565 Top 6% higher than 94% of 265 New Mexico ZIPs
Each bar is a $20K-wide band; taller bars hold more New Mexico ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
7,819housing units
7,819
Total Housing Units
7,455
Occupied Units
364
Vacant Units
2.35
Avg Household Size
Occupancy Type
$561,200
Median Home Value
+161% vs state ZIP avg
$1,623
Median Rent
1997
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+12.0%
YoY Change (2024)
255
HPI Index (2000 = 100)
+155%
Total Change Since 2000
Home values in ZIP 87508 have increased 12.0% over the past year (2024). Since 2000, this ZIP has seen +155% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +5.3% | 173 |
| 2021 | +11.2% | 192 |
| 2022 | +16.1% | 223 |
| 2023 | +2.3% | 228 |
| 2024 | +12.0% | 255 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 373 business establishments in ZIP 87508, employing approximately 2,160 people with a combined annual payroll of $114,482,000.
373
Businesses
2,160
Employees
$114.5M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Professional, scientific, and technical services | 70 | 18.8% |
| Construction | 60 | 16.1% |
| Health care and social assistance | 39 | 10.5% |
| Real estate and rental and leasing | 30 | 8.0% |
| Other services (except public administration) | 26 | 7.0% |
| Accommodation and food services | 24 | 6.4% |
| Administrative and support and waste management and remediation services | 23 | 6.2% |
| Retail trade | 22 | 5.9% |
| Manufacturing | 19 | 5.1% |
| Information | 14 | 3.8% |
| Arts, entertainment, and recreation | 13 | 3.5% |
| Educational services | 12 | 3.2% |
| Wholesale trade | 7 | 1.9% |
| Transportation and warehousing | 5 | 1.3% |
| Finance and insurance | 3 | 0.8% |
| Management of companies and enterprises | 3 | 0.8% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 87508 vs 87540 →
ZIP 87508 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 87507
Santa Fe (87507)
45,890 residents
- 87505
Santa Fe (87505)
31,013 residents
- 87508 18,183
Santa Fe (87508)
18,183 residents
- 87540 923
Lamy (87540)
923 residents
What this shows Among its immediate neighbors, ZIP 87508 ranks #3 by population - useful context the national average alone can't give.
ZIP 87508 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 87508
Santa Fe (87508)
$101,565 median income
- 87505
Santa Fe (87505)
$78,247 median income
- 87507
Santa Fe (87507)
$70,398 median income
- 87540
Lamy (87540)
$52,500 median income
What this shows By household income, ZIP 87508 ranks the highest of 4 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 87508, both outside NM so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (18,183 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Santa Fe County
Related Areas
Frequently Asked Questions
What county is ZIP code 87508 in?
ZIP code 87508 (Santa Fe) is located in Santa Fe County, New Mexico. Santa Fe County contains multiple ZIP codes, see the full list at /counties/santa-fe-nm.
What is the population of ZIP code 87508?
ZIP code 87508 in Santa Fe, NM has a population of 18,183 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 87508?
The median household income in ZIP 87508 is $101,565, which is 33% above the national average of $76,288.
What is the average home value in ZIP 87508?
The median home value in ZIP 87508 is $561,200, which is 102% above the national average of $278,155.
What is the demographic makeup of ZIP 87508?
The largest racial group in ZIP 87508 is White at 66.6%. Hispanic or Latino residents make up 37.9% of the population.
How many businesses are in ZIP code 87508?
ZIP code 87508 has 373 business establishments employing approximately 2,160 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 87508?
The top industries by establishment count in ZIP 87508 are: Professional, scientific, and technical services (70), Construction (60), Health care and social assistance (39). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 87508?
According to the FHFA House Price Index, home values in ZIP 87508 increased by 12.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 155%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 87508?
In ZIP code 87508, 67.7% of residents aged 25+ have a high school diploma or higher, and 53.3% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 87508?
The mean commute time for workers in ZIP code 87508 is 26.1 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 87508?
In ZIP code 87508, approximately 92.6% of occupied housing units are owner-occupied and 7.4% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 87508?
The poverty rate in ZIP code 87508 is 9.4% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 87508's numbers, next.
- See how ZIP 87508 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Santa Fe, NM ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.