Location: Otero County, CO | Metro: Las Animas County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The classification of ZIP code 81059 hinges significantly on the available data points. With a Fair Market Rent (FMR) of $1,060 for the fiscal year 2026, it's evident that the rental market is supported by federal guidelines, indicating a baseline for rental prices. However, the lack of specific market rent and home value data introduces uncertainty into the analysis.
The stability of ZIP 81059 can be gauged by examining the percentage of renters, which stands at 28.2%. This figure suggests a moderate reliance on rental housing, neither too high nor too low. Additionally, the median household income of $93,068 implies a relatively stable economic environment where residents have disposable income, potentially supporting higher rents. The absence of data regarding days on market (DOM) further complicates the assessment of stability but does not detract from the overall financial health indicated by income levels.
In terms of yield, the FMR provides a solid benchmark, yet without comparative market rent data, it's challenging to ascertain if there's an opportunity for above-average returns. The high FMR relative to potential market rents could suggest a high-yield market, but this is speculative due to missing data. The ZIP code does not exhibit characteristics typical of a flip-style market, which usually requires detailed information about home values and market rents to assess short-term investment opportunities.
Given the available data, ZIP 81059 appears to be a steady-cashflow zone. The support from federal FMR guidelines ensures a consistent minimum rental price, while the moderate renter population and substantial median income indicate a stable tenant base capable of paying rents close to the FMR. Although the exact yield cannot be determined without market rent data, the combination of these factors leans towards a predictable and reliable income stream rather than a high-risk, high-reward scenario.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.