U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New Mexico
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
Old 09-03-2007, 10:44 AM
6 posts, read 23,260 times
Reputation: 12


in response to the cost of living in santa fe...We just sold our house and are rentng for a while, so we've really checked out the market...

coming from Chicago or New York, it really is not as bad as some make it sound - food, utilities, etc. are all comparable...gas, for some unknown reason is always at least .10 per gallon more then the rest of the state ($2.93/ gal).

Rentals go for $1.00 a square foot, sometimes a little higher in historical areas or furnished.

To buy, Santa Fe is a big second home market so there are a disproportionate amount of multi-million dollar homes that are only occupied a month or two a year. The sale of several homes for 3-5 million dollars really skews the home price here, but you can find affordable homes if you go away from the downtown area. Tourists usually stay in about 1 sq mile of town, but Santa fe county is actually something like 300 sq miles - its huge.

There is lots of affordable housing going in on the south end of town... 2000 sq ft for in the low 300's, but it will be interesting to see if that drops because that sector of the market is dead right now - lots of sellers renting instead and offering lease to own with no money down deals. There are several programs for 1st time buyers to buy with no money down, I think if you stay in the house for 5 years, you don't have to pay back the 20,000$ down payment they help you with.

If you want land and space and don't mind a little drive into town, that is where santa fe, and all of new mexico really, give you a lot for your money. Lots of people come here from bigger cities to live on 2 or 3 acres with a 2500 sq ft home, in the 200-600's, depending which direction and how far out you go.
Reply With Quote Quick reply to this message

Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New Mexico
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top