Location: Taos County, NM | Metro: Taos County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,440 |
| 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 rent math in ZIP 87558 does not work favorably for landlords. The Fair Market Rent (FMR) set at $1,130 for the metro area for fiscal year 2026 is higher than the actual market rent of $933, as reported by the Census ACS. This discrepancy suggests that landlords might struggle to meet the FMR due to lower prevailing market rates.
Acquisition in this area is relatively affordable. With a median home value of $427,567, potential investors can secure properties at a reasonable cost. However, the lack of data on days on market (DOM) and the fact that only 0.1% of listings require a price cut indicate a stable but possibly less active market for property purchases. This stability can be seen as an advantage, ensuring that once acquired, properties maintain their value.
Tenant demand is present but limited by the size of the local population. ZIP 87558 has a total population of 1,064, with 34.5% of residents being renters. Given these numbers, landlords should expect a smaller pool of potential tenants compared to larger metropolitan areas. Despite this, the high percentage of renters suggests a steady demand for rental properties within the constrained market.
In summary, while the rent math in ZIP 87558 poses challenges due to the gap between FMR and market rent, the affordability of acquisitions offers a stable investment opportunity. Tenant demand is consistent, though it is limited by the small population size. Landlords and small-portfolio investors should carefully consider the local market dynamics before making investment decisions in this area.
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.