Location: Sierra County, NM | Metro: Sierra County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 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)
184525 In ZIP code 87931, the median home value stands at $184,525, offering a solid base for property investment. 249 Additionally, 24.9% of residents are renters, indicating a healthy demand for rental properties in the area. 1000 Furthermore, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,000, which provides a benchmark for rental pricing and potential income. 0 The lack of available data on median income suggests that further research is necessary to understand the economic profile of the residents, though the current figures offer a promising outlook for landlords and small-portfolio investors. 0 With no information on days on market (DOM) or the percentage of price-cut share, it's advisable to closely monitor these metrics as they can significantly impact investment decisions and property management strategies. 184525 Given the median home value and the proportion of renters, properties in ZIP 87931 can be leveraged effectively to meet the needs of both owners and tenants. 1000 The $1,000 FMR offers a clear guideline for setting competitive rental rates, ensuring that properties remain attractive to potential tenants while also generating steady cash flow for investors.
Based on the available data, landlords and small-portfolio investors should consider ZIP 87931 for Section 8 investments due to the strong rental demand and favorable FMR. However, the absence of certain key indicators such as median income and DOM highlights the need for thorough local market analysis before making any investment decisions. 1000 The $1,000 FMR provides a reliable starting point for evaluating rental opportunities, but investors must ensure that their properties align with the overall economic landscape of the area. 184525 With a median home value of $184,525, there is a clear opportunity to acquire properties at reasonable prices, especially if targeting areas where the renter share is high. 249 The 24.9% renter share underscores the ongoing need for affordable housing solutions, making Section 8 a viable option for meeting this demand.
Section 8 Verdict: Suitable for investment with caution.
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.