Are there zoning restrictions for STRs in Santa Fe?

Yes, residential STRs must maintain 50-foot spacing from others and face caps in historic districts. Multi-unit buildings limit STRs to 25% of units. Verify zoning via city planning.[4]

What taxes apply to Santa Fe short-term rentals?

Collect 7.375% city lodgers' tax and ~8% state gross receipts tax on bookings. Remit monthly to NM Taxation Dept. Non-compliance risks permit revocation.[1]

How does the STR permit cap affect investors?

With only 1,000 residential permits available, competition is high; new applications paused into 2026. One permit per person, non-transferable on sale. Prior compliance secures positions.[2]

Short Term Rental Investment Properties for Sale in Santa Fe, NM

Property at 442 Greg Ave #C-306, Santa Fe, NM

2 Bed
2 Bath
930 sft

442 Greg Ave #C-306, Santa Fe, NM, 87501

Property at 151 Calle Ojo Feliz UNIT W, Santa Fe, NM

2 Bed
1 Bath
830 sft

151 Calle Ojo Feliz UNIT W, Santa Fe, NM, 87505

Property at 812 Camino De Monte Rey APT 111, Santa Fe, NM

1 Bed
1 Bath
615 sft

812 Camino De Monte Rey APT 111, Santa Fe, NM, 87505

Here are some other similar properties you might be interested in:

3 Bed
2 Bath
1710 sft

109 Church Rd, Edgewood, NM, 87015

Property at 1817 Miracerros Ln, Alamogordo, NM

4 Bed
3 Bath
1870 sft

1817 Miracerros Ln, Alamogordo, NM, 88310

Property at 1013 La Poblana Rd NW, Albuquerque, NM

3 Bed
2 Bath
1410 sft

1013 La Poblana Rd NW, Albuquerque, NM, 87107

4 Bed
2 Bath
1160 sft

1418 N Denson Dr, Hobbs, NM, 88240

3 Bed
1 Bath
1342 sft

310 N 9th St, Loving, NM, 88256

$ 100,000

ROI

Cash Flow/m

1 Bed
1 Bath
208 sft

39 Choten Rd, Carson, NM, 87517

Property at 802 N Pennsylvania Ave, Roswell, NM

3 Bed
2 Bath
1870 sft

802 N Pennsylvania Ave, Roswell, NM, 88201

4 Bed
3 Bath
3466 sft

1001 York Dr, Clovis, NM, 88101

Property at 16235 New Mexico 28, La Mesa, NM

1 Bed
1 Bath
1188 sft

16235 New Mexico 28, La Mesa, NM, 88044

Property at 1206 Marshall Ave, Tularosa, NM

$ 100,000

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Cash Flow/m

2 Bed
1 Bath
984 sft

1206 Marshall Ave, Tularosa, NM, 88352

3 Bed
2 Bath
1984 sft

54 Horseshoe Dr, Hurley, NM, 88043

Property at 408 Ross Ave N, Mountainair, NM

3 Bed
2 Bath
1255 sft

408 Ross Ave N, Mountainair, NM, 87036

Property at 1701 S Adams St, Tucumcari, NM

3 Bed
2 Bath
1616 sft

1701 S Adams St, Tucumcari, NM, 88401

Property at 165 Bridge St, Las Vegas, NM

- Bed
2 Bath
1500 sft

165 Bridge St, Las Vegas, NM, 87701

Property at 990 Brownlee Ave, Las Cruces, NM

2 Bed
1 Bath
1006 sft

990 Brownlee Ave, Las Cruces, NM, 88005

3 Bed
2 Bath
1120 sft

109 Salado Rd, Capitan, NM, 88316

3 Bed
2 Bath
1108 sft

510 Park Ave, Raton, NM, 87740

Property at 11 Stephens Pl, Bluewater, NM

$ 100,000

ROI

Cash Flow/m

4 Bed
2 Bath
2080 sft

11 Stephens Pl, Bluewater, NM, 87005

Property at 259 Lopez Rd SE, Los Lunas, NM

3 Bed
2 Bath
1350 sft

259 Lopez Rd SE, Los Lunas, NM, 87031

3 Bed
2 Bath
1624 sft

718 Aspen St, Milan, NM, 87021

3 Bed
2 Bath
1159 sft

709 2nd St, Socorro, NM, 87801

Property at 411 N Elm St, Truth Or Consequences, NM

3 Bed
2 Bath
1991 sft

411 N Elm St, Truth Or Consequences, NM, 87901

Property at 301 2nd Dr, Ruidoso Downs, NM

3 Bed
2 Bath
1288 sft

301 2nd Dr, Ruidoso Downs, NM, 88346

2 Bed
2 Bath
859 sft

25 Turquoise Trl, Datil, NM, 87821

Why Invest in Santa Fe, New Mexico?

Santa Fe's short-term rental market offers strong potential for investors navigating the city's regulated environment. With a cap of 1,000 residential permits and tourism-driven demand, compliant properties achieve solid returns[4]. Average cap rates hover around 6-8% amid steady visitor growth. Renter occupancy exceeds 70%, supported by cultural attractions. Annual appreciation averages 4%, bolstered by limited supply. Focus on historic district compliance unlocks premium nightly rates.

9.5%

Avg. ROI

7.2%

Rental Yield

6.8%

Cap Rate

$28500/mo

Avg. Cash Flow

$225/mo

Avg. Rent

4.1%

1Y Appreciation

Frequently Asked Questions

Residential properties need a Short-Term Rental Permit and business license, capped at 1,000 citywide. Non-residential require registration. Display permit numbers on listings and notify neighbors within 200 feet.[4]

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Are there zoning restrictions for STRs in Santa Fe?

What taxes apply to Santa Fe short-term rentals?

How does the STR permit cap affect investors?

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