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 |
The analysis of ZIP code 87581 in Rio Arriba County, New Mexico reveals several key points for landlords and small-portfolio investors.
The rent math does not work favorably in this area. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. However, the market rent is listed as N/A, indicating that it may be lower than the FMR. This discrepancy suggests that landlords might struggle to achieve the FMR if market conditions do not support such pricing.
Acquisition affordability is unclear due to insufficient data. The median home value is listed as N/A, making it difficult to assess whether buying properties in this ZIP code would be a financially sound investment. Additionally, the days on market (DOM) and the percentage of homes requiring price cuts are also marked as N/A, which further complicates the evaluation of property acquisition costs.
Tenant demand is also ambiguous given the available information. The population figure is N/A, and so is the percentage of residents who are renters. Without these specifics, it's challenging to gauge the potential occupancy rates and the stability of rental income in this ZIP code.
Verdict: Investing in ZIP code 87581 presents significant challenges due to the lack of critical data points needed to make informed decisions about rent pricing, acquisition costs, and tenant demand. Until more precise figures are available, potential investors should proceed with caution and consider supplementing this analysis with local real estate insights and trends. The current Fair Market Rent of $970 cannot be fully evaluated against market conditions without additional data, suggesting that thorough local research is essential before committing to investments in this area.
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.