Location: Albuquerque, NM | Metro: Albuquerque, NM MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $2,200 |
| 5 Bedrooms | $2,552 |
| 6 Bedrooms | $2,858 |
| 7 Bedrooms | $3,087 |
| 8 Bedrooms | $3,241 |
The ZIP code 87191 is located in Albuquerque, NM, and represents a neighborhood with specific characteristics that can inform investment decisions.
Total population data is currently unavailable for ZIP 87191, making it difficult to assess the overall size of the community. However, the percentage of renters and median income figures are also not available, suggesting a need for further investigation into these aspects to understand the local economic landscape.
The median home value in ZIP 87191 is similarly unreported, which could indicate a variety of scenarios including a lack of sufficient data points or unique property characteristics.
Moving to the rent economics, the Fair Market Rent (FMR) for ZIP 87191 is set at $1200 for the fiscal year 2024. This figure is crucial for landlords and investors to determine the viability of their properties under the Section 8 program. Unfortunately, the exact market rent is not available, which might require additional research to compare against the FMR and gauge the potential profitability of rental properties.
Given the limited availability of specific data points, ZIP 87191 might be better suited for a hands-on value-add buyer who can conduct thorough due diligence and potentially uncover hidden opportunities within the neighborhood. A hands-off voucher operator may struggle without clear insights into the local rental market dynamics and population trends.
Data Sources: FMR data from HUD (2027).
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.