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Now, we’ll be getting into more information about the city of Santa Fe, New Mexico. When you first start talking with realtors in Santa Fe NM, you’ll probably have a long list of questions for them. In order to simplify the whole process, we spoke with top real estate agents in Santa Fe NM, and gathered as much information as possible. Like this, when you do talk to them, you can go directly into specifics.
As you are looking for realtors in Santa Fe NM we’ll firstly talk about the real estate market in this city. As one of the most appealing cities in the country, the housing market in Santa Fe, New Mexico, is leaning towards the buyers. This makes it a buyer’s market that has more people interested in buying a home in Santa Fe NM than there are homes available on the market. But don’t fret. Top real estate agents in Santa Fe NM will find your dream home for you in a minute. With a median home value of $438,000 and a 62% homeownership rate, residents of Santa Fe, New Mexico, get to enjoy some of the most exciting opportunities in the city. Realtors in Santa Fe NM told us that the average rent in their city is just below $1,500, and they can help you find a short-term accommodation while you are browsing the listings if you’re planning on buying a home in Santa Fe NM.
Taking a look into more housing market details, real estate agents in Santa Fe NM know that the city’s rich history can be seen in the age of the homes. In Santa Fe, New Mexico, approximately 50% of all homes were built between 1970 and 2000, 21% of homes were built since then, and another 21% were built before then, between 1940 and 1970. The remaining 8% are older than 1940. Regarding housing types, the highest percentage are single-family homes, over 57%. There are also around 16% of all housing in apartment complexes, 10% in townhomes, 9% in small apartment buildings, and 8% in mobile homes.
In order to deal with the cost of living in the city, realtors in Santa Fe NM shared with us some very useful information, especially for those thinking about buying a home in Sante Fe NM. After all, the expenses that come from living in such a lively city have to be covered. You can easily enjoy the thriving tourism industry throughout the city of Santa Fe, New Mexico, with a stable income. That leads us towards the city’s job market.
Looking at how the industries impact the city’s economy and quality of life, real estate agents in Santa Fe NM gave the following information. The most common industry in the city of Santa Fe, New Mexico, based on the number of employees, is the Health Care and Social Assistance Industry. Regarding incomes, the industry with the highest revenues is the Mining, Quarrying, Oil, and Gas Extraction Industry with median earnings of $78,000. At the same time, Professional, Scientific, and Technical Services offer median earnings of $66,000. Keep this information in mind when you discuss with realtors in Santa Fe NM especially if you work in these industries or positions.
Firstly, the median household income in Santa Fe, New Mexico, is around $56,000. But we’ll get into more details about that because the real estate agents in Santa Fe NM provided us with that information. The first thing potential newcomers should know is that Sante Fe, New Mexico, belongs to the metropolitan statistical area of Santa Fe, which is much larger than the city itself and has a median household income of $59,000. The most common jobs occupied by the city’s residents based on realtors’ data in Santa Fe NM are Management Occupations. At the same time, the highest-paying occupations are Architecture and Engineering Occupations with median earnings of $82,000, followed by Life, Physical, and Social Science Occupations with median earnings of $81,700.
New Mexico’s capital city, Santa Fe, allows its residents to enjoy a relaxing lifestyle. By contacting one of the best real estate agents in Santa Fe NM you’ll increase your chances of finding your dream home in the city.