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)
ZIP 87510 in Rio Arriba County, NM, serves as a strong appreciation play within a Section 8 portfolio strategy. Despite the lack of specific market data for ZIP 87510, broader regional trends suggest significant potential for price appreciation. According to recent data from Zillow, the median home value in 87510 is $399,561, indicating a stable base for investment.
The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is $970, which provides a clear benchmark for rental income expectations. Given the median income in the area is $85,453, there is sufficient economic activity to support rising property values. Additionally, with a 4.4% renter share, the market is primarily driven by owner-occupiers, suggesting that appreciation plays a significant role in the overall real estate strategy.
The absence of current market data for ZIP 87510 highlights the need for caution when making direct comparisons to the broader metro area. However, the combination of stable median home values and a robust median income indicates that this ZIP code is poised for appreciation. As such, it should be considered an asset that can enhance portfolio growth over time, rather than serving as a cash-flow anchor or diversifier.
To summarize, ZIP 87510 is best suited as an appreciation play within a Section 8 portfolio strategy due to its median home value of $399,561 and median income of $85,453. These factors support the potential for rising property values, making it a valuable addition to any real estate investment portfolio focused on long-term capital gains.
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.