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 87715 presents an interesting scenario for real-estate investors, particularly those interested in Section 8 properties. With a Fair Market Rent (FMR) of $970 for the fiscal year 2026, it indicates a rental market that is supported by government standards, which can be a reliable benchmark for pricing.
The absence of specific market rent and home value figures suggests limited private market data, making the FMR a crucial reference point. However, with 48.8% of residents being renters, there is a substantial demand for rental housing, which supports the viability of rental investments in this area.
Stability in this market is harder to gauge due to the lack of specific metrics such as days on market (DOM) and median income levels. These missing pieces could significantly influence the predictability of cash flow and the potential for tenant turnover. Without these figures, it's challenging to definitively classify the stability of the market.
Based on the available data, 87715 leans towards a steady-cashflow zone. The high percentage of renters ensures a consistent demand for rental properties, which is key for maintaining a steady stream of income. While the yield appears reasonable with the FMR at $970, the lack of private market data makes it difficult to assess whether this is a high-yield opportunity compared to other investment strategies such as flipping properties.
To make a more informed decision, additional research into the local economy, employment rates, and trends in housing demand would be necessary. This will provide a clearer picture of the stability and potential growth in rental yields over time.
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.