Location: Rio Arriba County, NM | Metro: Rio Arriba County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 87064 in Rio Arriba County, NM, reveals several key points that are crucial for decision-making. The HUD Fair Market Rent (FMR) for the area is set at $970 for the fiscal year 2026, which is the benchmark figure for voucher tenants.
Unfortunately, specific market rent data for ZIP 87064 is not available, making direct comparisons challenging. However, based on the HUD FMR, it's reasonable to infer that voucher tenants will cashflow marginally in this region. This is because the FMR is typically lower than the actual market rent, especially in areas where housing demand is steady or growing.
The median home value in ZIP 87064 is also not available, which means we cannot calculate an exact rent-to-price ratio. Nevertheless, understanding the local real estate trends is essential for assessing the long-term potential of rental investments. While the lack of specific market rent data limits our ability to provide a precise rent-to-price ratio, the general trend suggests that rental properties will remain competitive due to the scarcity of detailed housing market information.
The days on market (DOM) and price-cut share percentages are not available, indicating that there might be limited activity in the real estate market. This could imply that the rental market is more active than the sales market, making rental properties a more attractive option for investors looking for immediate returns.
The strongest investor angle in ZIP 87064 is likely to be stability. Given the reliance on HUD FMR data and the absence of significant market volatility indicators, investing in rental properties here promises consistent, predictable cash flow, which is ideal for small-portfolio investors and landlords seeking a reliable income stream without the risk associated with rapidly changing markets.
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.