Location: Baca County, CO | Metro: Baca County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 81087 presents a complex picture for landlords and small-portfolio investors. The median home value is currently unavailable, which suggests that there may be limited recent sales data or that the area has a low volume of transactions. This lack of data can make it challenging to gauge the overall health and direction of the housing market.
Additionally, the percentage of listings that have been reduced and the median days on market (DOM) are also not available. These missing figures would typically provide insight into seller urgency and market liquidity. In their absence, we must infer that the market is either stable or experiencing conditions where price reductions and DOM trends are not significant enough to report. Such stability could imply that pricing power remains relatively balanced between buyers and sellers over the next 12-24 months.
On the rental side, the forward market rate (FMR) for ZIP 81087 is projected at $1,010 for fiscal year 2026, compared to the current market rate of $464 based on Census ACS data. This significant gap indicates that rental values could potentially rise towards the FMR, suggesting a positive trend for long-term investors who can afford to hold properties for several years. However, it's important to note that reaching the FMR is contingent upon various factors including economic growth, job creation, and population increase.
For long-hold investors, the setup implied by the data suggests a potential appreciation thesis. As rental rates approach the FMR, the demand for rental properties may increase, which could put upward pressure on property values. This scenario supports the idea that holding properties for an extended period might yield capital appreciation, especially if the local economy strengthens and attracts more residents. However, the lack of specific historical and current median home value data means that such appreciation cannot be guaranteed and should be considered alongside broader economic indicators and trends.
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.