Location: Taos County, NM | Metro: Taos County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
U.S. Census Bureau data (2024)
The ZIP code 87513 is located in a unique area with a total population of 811. This neighborhood stands out due to its exceptionally low percentage of renters at 0.0%, indicating that it is primarily composed of homeowners. The lack of data on median income and median home value suggests that there might be limited diversity in economic status among residents, or that the available data is insufficient to provide a comprehensive picture.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,280. However, the absence of market rent data for ZIP 87513 makes it challenging to directly compare the two figures. This gap in information could imply either a very stable rental market or an underdeveloped one where rental properties are scarce.
Given the characteristics of ZIP 87513, it would likely be a better fit for a hands-off voucher operator rather than a hands-on value-add buyer. The high proportion of homeowners suggests a strong preference for ownership over renting, which means that demand for rental properties might be limited. Additionally, the stability implied by the homeowner-heavy makeup of the area supports a strategy focused on maintaining existing properties rather than actively seeking to improve and revalue them. Landlords and small-portfolio investors should consider these factors when deciding whether to enter this market, focusing on the potential for steady, if not highly dynamic, returns.
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.