Location: San Miguel County, NM | Metro: Guadalupe County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The analysis of ZIP 87711, located in San Miguel County, NM, reveals several critical factors that landlords and small-portfolio investors must consider.
Firstly, regarding the rent math, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,010. However, the absence of market rent data for ZIP 87711 makes it impossible to directly compare the two figures and assess whether renting properties at the FMR would be profitable. Without a benchmark, it's challenging to determine if the rent math works effectively in this specific area.
Secondly, on the affordability of acquisitions, the lack of data on median home values, days on the market (DOM), and the percentage of price cuts shared among sellers indicates an incomplete picture. This missing information prevents a thorough evaluation of how affordable property acquisitions might be in ZIP 87711. Investors would need to seek out additional local real estate data to make informed decisions about purchasing properties here.
Lastly, concerning tenant demand, ZIP 87711 has a total population of 1,033. The data shows a 0.0% renter share, which suggests there is no current demand for rental properties in this area. This statistic implies that tenants are scarce, and landlords may struggle to find occupants willing to pay the FMR or even a lower rate.
Verdict: Based on the available data, investing in rental properties in ZIP 87711 presents significant challenges. The absence of key metrics such as market rent and median home values hinders the ability to accurately assess profitability and acquisition costs. Moreover, the zero percent renter share indicates a lack of tenant demand, making it unwise for landlords and small-portfolio investors to pursue opportunities in this ZIP code without further investigation into local housing trends and conditions.
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.