Location: Mora County, NM | Metro: Mora County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The ZIP code 87712, located in Mora County, NM, presents a unique opportunity for inclusion in a Section 8 portfolio strategy. This area should be considered primarily as a diversifier due to its low median income of $12,274 and the absence of data regarding the renter share and median home value.
The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. However, the lack of specific market data for ZIP 87712 makes it challenging to predict exact cash flow outcomes. In the context of a diversified portfolio, ZIP 87712 can offer stability through government-backed rental assistance payments, ensuring steady income despite the lower median income levels.
Apart from being a diversifier, the area does not present significant potential as a cash-flow anchor or an appreciation play. The absence of recent sales data and the lack of robust market trends suggest that property values and rental prices are relatively stable but do not indicate strong growth or high rental yields compared to other markets.
In conclusion, ZIP 87712 serves best as a diversifier within a Section 8 portfolio strategy, providing consistent cash flow through government subsidies and reducing overall risk by including properties in less volatile markets. Landlords and small-portfolio investors should consider the long-term benefits of such stability when evaluating the role of ZIP 87712 in their investment strategies.
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.