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 87753 presents a unique market scenario that is worth exploring for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area, set at $970 for fiscal year 2026, provides a benchmark for rental pricing. However, the absence of current market rent data suggests a lack of recent activity, which could indicate either a stable market or one that has yet to be fully analyzed.
The 0.0% renter share statistic is particularly intriguing. This figure implies that there are currently no reported renters in the area, which could mean two things: either the market is primarily composed of homeowners, indicating low immediate demand for rentals, or the data collection methods have not captured rental transactions accurately. In either case, it points towards a potential long-term housing pressure issue if the trend persists. Homeowners might be reluctant to sell, leading to a constrained supply of rental properties.
The missing data on price-cut share and days on market (DOM) further complicate the analysis but do suggest a market that is not actively fluctuating. A high DOM would typically signal a glut of listings, suggesting that supply outpaces demand. Conversely, a low DOM would indicate strong demand, with properties renting quickly. Since we don't have these figures, it's clear that the market in 87753 is not experiencing rapid changes, which can be advantageous for those looking to maintain steady occupancy rates.
In summary, ZIP 87753 appears to be a market where the dynamics lean towards a balance between supply and demand, possibly skewed towards a homeowner-dominated landscape. The lack of rental activity indicated by the 0.0% renter share should be monitored closely, as it may affect future rental opportunities. For investors, understanding these underlying conditions is crucial for making informed decisions about property investments 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.