Location: Rio Arriba County, NM | Metro: Albuquerque, NM MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,360 |
| 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 ZIP code 87018, located in Rio Arriba County, NM, can serve as an effective cash-flow anchor within a Section 8 portfolio strategy. This classification is based on the Federal Market Rent (FMR) for ZIP 87018 in fiscal year 2024, which is set at $1030. Given the lack of recent market data and median home values, the FMR provides a reliable benchmark for rental income.
The median income in ZIP 87018 is $30,250, indicating a relatively low-income area where Section 8 vouchers are likely to be prevalent. The absence of significant market fluctuations or high appreciation potential suggests that this ZIP code is best suited for generating stable, predictable cash flows rather than capital gains.
Despite the limited availability of specific market metrics such as price-cut shares and days on market (DOM), the low median home value of $32,500 implies a cost-effective entry point for acquiring rental properties. The primary build era of homes in this ZIP code being the 1970s also points towards a mature market with fewer speculative opportunities.
Therefore, ZIP 87018 should be considered as a cash-flow anchor due to the alignment of its FMR with the low median home value and the prevalence of low-income households. This ensures a steady stream of rental income through Section 8 programs, making it a reliable component of a diversified real estate investment portfolio.
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.