Location: Cibola County, NM | Metro: Albuquerque, NM MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
U.S. Census Bureau data (2024)
The analysis of ZIP 87014 in Cibola County, NM, reveals several critical factors that landlords and small-portfolio investors must consider before making investment decisions.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the zip code for fiscal year 2024 is set at $1480. However, due to limited data availability on the market rent, it's challenging to make a direct comparison. This means that while the FMR provides a benchmark, the actual market conditions might differ, requiring further investigation into local rental trends.
Regarding the affordability of acquisition, the data presents a challenge. With a median home value marked as 'N/A', alongside an unspecified number of days on the market (DOM) and an unknown percentage of homes sold with price cuts, it's difficult to assess the overall cost-effectiveness of purchasing properties in this area. Landlords should conduct thorough research to understand the current state of the housing market and negotiate effectively based on the available information.
The third point of interest is the tenant demand. ZIP 87014 has a total population of 517, but only 0.0% of these residents are renters. This indicates a significant lack of potential tenants, suggesting that rental properties might struggle to find occupants. Landlords considering investments here should prepare for challenges in attracting and retaining tenants.
Verdict: Investing in ZIP 87014 is not advisable given the low renter share and the lack of comprehensive data on market rent and property values. While the FMR offers a guideline, the absence of tenants makes it unlikely that rental properties will be profitable. Landlords should focus their efforts on areas with higher demand for rentals and more transparent market conditions.
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.