HomeNew MexicoSanta Fe County
Santa Fe County, New Mexico: commercial real estate data.
Santa Fe County, New Mexico has a population of 156,105 across 1,909 square miles, up 1.9 percent since the 2020 census base. County output reached $10.09 bn in 2024, 4,976 establishments operate here, and the SBA record carries 159 7(a) approvals worth $84.8 m.
122 sourced county values · tier FULL · 11 sections
Santa Fe County
How many people live in Santa Fe County
- Population156,105
- Households70,767
- Average household size2.21
- Median household income$79,071
- Median age48.7
- Median gross rent$1,389 per month
- Median owner-occupied home value$446,300
- Home value to household income5.6 times
- Annual rent as a share of median income21.1 percent
- Adults 25 and over with a bachelor degree or higher46.1 percent
- Adults 25 and over with a graduate degree23.9 percent
- Adults 25 and over120,004
- Population under 1825,077
- Share under 1816.1 percent
- Population 65 and over43,785
- Share 65 and over28.0 percent
- Working age population, 18 to 6487,243
- Civilian labor force76,615
- Unemployment rate5.3 percent
- Labor force participation, adults 18 and over58.5 percent
- Rank by population among New Mexico counties3rd of 33
- Rank by population among US county-equivalents445th
Santa Fe County is the 3rd largest of 33 New Mexico counties by population. A median home costs 5.6 times median household income, which is a stretched ownership market and usually shows up as rental demand. Residents 65 and over outnumber those under 18, at 28.0 percent against 16.1 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Santa Fe County
Is Santa Fe County growing
- Population change since the 2020 census base1.90 percent
- Census 2020 base population154,826
- Births, 20241,109
- Deaths, 20241,553
- Natural change, 2024-444
- Net domestic migration, 2024399
- Net international migration, 20241,309
- Total net migration, 20241,708
- Cumulative net domestic migration, 2021 to 20241,474
- Rank by growth among US county-equivalents1199th
The county has grown 1.90 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Santa Fe County
Where people moving to Santa Fe County come from
- Tax returns filed by households arriving4,704
- People arriving, from those returns7,319
- Adjusted gross income arriving$518.5 m
- Net adjusted gross income movement$0
- Average income of an arriving household$110,215
- Largest single originSanta Fe County Non-migrants (65,090 households)
- Largest single destination (65,090 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Santa Fe County Non-migrants | 65,090 | 113,160 | $6.63 bn |
| Other flows - Different State | 1,931 | 2,931 | $223.8 m |
| Other flows - South | 687 | 1,035 | $80.6 m |
| Other flows - West | 654 | 1,021 | $72.7 m |
| Bernalillo County | 617 | 1,016 | $38.7 m |
| Other flows - Midwest | 304 | 464 | $31.4 m |
| Other flows - Northeast | 286 | 411 | $39.2 m |
| Rio Arriba County | 207 | 367 | $9.7 m |
The largest single source of arrivals is Santa Fe County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Santa Fe County
What the Santa Fe County economy runs on
- County GDP, 2024$10.09 bn
- County GDP, 2023$9.45 bn
- GDP change, 2023 to 20246.8 percent
- GDP change over five years38.7 percent
- Rank by GDP among New Mexico counties5th
- Rank by GDP among US county-equivalents435th
- GDP per resident$64,614
Output grew 6.8 percent in the latest year and 38.7 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Santa Fe County
Who employs people in Santa Fe County
- Covered employment, annual average61,826
- Establishments reporting6,768
- Average annual pay$61,218
- Average weekly wage$1,177
- Sector 72, employment9,916
- Sector 72, average annual pay$34,023
- Sector 62, employment8,289
- Sector 62, average annual pay$70,150
- Sector 44-45, employment8,246
- Sector 44-45, average annual pay$41,135
- Sector 54, employment2,923
- Sector 54, average annual pay$100,597
- Sector 23, employment2,884
- Sector 81, employment2,561
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 72 | 9,916 | 470 | $34,023 |
| Sector 62 | 8,289 | 827 | $70,150 |
| Sector 44-45 | 8,246 | 738 | $41,135 |
| Sector 54 | 2,923 | 1,154 | $100,597 |
| Sector 23 | 2,884 | 524 | $55,223 |
| Sector 81 | 2,561 | 628 | $58,606 |
| Sector 56 | 1,964 | 392 | $45,844 |
| Sector 61 | 1,940 | 161 | $53,638 |
The largest sector is the biggest private employer group at 9,916 jobs, 16.0 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Santa Fe County
What businesses operate in Santa Fe County
- Establishments, all industries4,976
- Employment at those establishments48,934
- Annual payroll$2.57 bn
- Establishments per 1,000 residents31.9
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Santa Fe County
What is being built in Santa Fe County
- Housing units authorised by permit, 2024244
- Declared construction value permitted$91.4 m
- Single family units authorised244
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$374,457
- Units authorised per 1,000 households3.4
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Santa Fe County
How much SBA lending happens in Santa Fe County
- 7(a) approvals recorded159
- 7(a) gross approval dollars$84.8 m
- Average 7(a) approval$533,215
- Median 7(a) approval$200,000
- 10th percentile approval$20,000
- 90th percentile approval$1,335,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)1,677
- Jobs per approval10.5
- Distinct 7(a) lenders active43
- Distinct industries receiving approvals100
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer13.2 percent
- Loans on real estate terms21
- Loans on working capital terms, 120 months or shorter129
- Franchise loans17
- Franchise share of approvals10.7 percent
- Leading industry by approval countPlumbing, Heating, and Air-Conditioning Contractors (6)
- Most active lenderCentury Bank (23)
- 504 approvals recorded96
- 504 gross approval dollars$46.7 m
- Average 504 approval$486,667
- Median 504 approval$313,000
- Distinct CDCs active5
- 504 jobs per approval6.5
- 504 jobs per million dollars approved13.4
- Most active CDCCapital Certified Development Corporation (55)
- 7(a) share of SBA approvals62.4 percent
- Combined SBA approval dollars$131.5 m
The average approval of $533,215 sits well above the median of $200,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 13.2 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Santa Fe County
Do SBA loans in Santa Fe County get paid back
- Loans with a final outcome recorded27
- Paid in full26
- Charged off1
- Charge off rate on resolved loans3.7 percent
- Status: Paid in full26
- Status: Cancelled20
- Status: Charged off1
- Status: Exempt from disclosure104
- Status: Committed, not yet disbursed8
Of the 27 loans that have reached a final outcome, 3.7 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Santa Fe County
Which parts of Santa Fe County get the lending
- Places in the county with recorded lending5
- SANTA FE, approvals151
- Edgewood, approvals5
- Sante Fe, approvals1
- ESPANOLA, approvals1
- Taos, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| SANTA FE | 151 | $77,952,200 |
| Edgewood | 5 | $5,900,000 |
| Sante Fe | 1 | $779,000 |
| ESPANOLA | 1 | $50,000 |
| Taos | 1 | $100,000 |
SANTA FE accounts for 151 approvals against 5 in Edgewood. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Santa Fe County
How big is Santa Fe County
- Land area1,909 sq mi
- Rank by land area among New Mexico counties29th of 33
- Width, east to west30.1 mi
- Height, north to south66.4 mi
- Geographies sharing a boundary7
- Residents per square mile of land82
- Establishments per square mile2.61
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Santa Fe County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Santa Fe County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population156,105
- Households70,767
- Average household size2.21
- Median household income$79,071
- Median age48.7
Common questions
Santa Fe County questions, answered from the record.
How many people live in Santa Fe County, New Mexico?
156,105, in 70,767 households, ranking 3rd of 33 New Mexico counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Santa Fe County growing?
The population has grown 1.90 percent since the 2020 census base. In 2024 there were 1,109 births against 1,553 deaths, with net migration of 1,708. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Santa Fe County?
$79,071. The median owner-occupied home is valued at $446,300, which is 5.6 times income, and median gross rent is $1,389 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Santa Fe County?
4,976 establishments, employing 48,934 people with an annual payroll of $2.57 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Santa Fe County?
Average annual pay is $61,218, or $1,177 a week, across 61,826 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Santa Fe County?
159 7(a) approvals totalling $84.8 m since FY2020, across 43 lenders, with a median approval of $200,000, plus 96 504 approvals worth $46.7 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Santa Fe County get paid back?
Of the 27 loans that have reached a final outcome, 26 were paid in full and 1 charged off, a charge off rate of 3.7 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Santa Fe County?
244 housing units were authorised by permit in 2024, with a declared construction value of $91.4 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Santa Fe County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Santa Fe County come from?
The largest single origin is Santa Fe County Non-migrants, with 65,090 households. Arriving households report an average income of $110,215 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Santa Fe County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Santa Fe County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.