Agua Fria is a census-designated place (CDP) in Santa Fe County, New Mexico, United States. It is part of the Santa Fe, New Mexico Metropolitan Statistical Area. As of the 2020 census, Agua Fria had a population of 2,913. Agua Fria Village is a "Traditional Historic Community" (THC) as designated by the Santa Fe Board of County Commissioners in 1995 and subsequent Santa Fe County Ordinance #1996-16, as allowed by State Statute.