New Mexico — Rental Investment Markets
All New Mexico metros ranked by cap rate. Median cap rate: 3.5%, median home price: $298,381.
Median Cap Rate
3.5%
Median Home Price
$298,381
Median Rent
$1,625/mo
| # | City | Cap Rate | Cash Flow | Home Price | Rent (3BR) | Verdict |
|---|---|---|---|---|---|---|
| 1 | Garfield, NM | 5.5% | -$135/mo | $178,862 | $1,305/mo | 🟡 MODERATE |
| 2 | Waterflow, NM | 4.8% | -$327/mo | $246,308 | $1,625/mo | 🟡 MODERATE |
| 3 | Cuba, NM | 4.5% | -$358/mo | $232,007 | $1,470/mo | 🟡 MODERATE |
| 4 | Moriarty, NM | 4.4% | -$383/mo | $235,666 | $1,470/mo | 🟡 MODERATE |
| 5 | Aztec, NM | 4.3% | -$481/mo | $287,406 | $1,775/mo | 🟡 MODERATE |
| 6 | Rio Rancho, NM | 4.3% | -$636/mo | $362,770 | $2,205/mo | 🟡 MODERATE |
| 7 | Las Cruces, NM | 4.3% | -$511/mo | $276,227 | $1,380/mo | 🟡 MODERATE |
| 8 | Farmington, NM | 3.6% | -$695/mo | $298,381 | $1,605/mo | 🔴 WEAK |
| 9 | Anthony, NM | 3.5% | -$573/mo | $236,516 | $1,245/mo | 🔴 WEAK |
| 10 | Santa Cruz, NM | 3.4% | -$838/mo | $331,866 | $1,705/mo | 🔴 WEAK |
| 11 | Albuquerque, NM | 3.3% | -$993/mo | $354,333 | $1,680/mo | 🔴 WEAK |
| 12 | Santa Teresa, NM | 3.3% | -$638/mo | $249,242 | $1,270/mo | 🔴 WEAK |
| 13 | Edgewood, NM | 3.2% | -$997/mo | $380,286 | $1,910/mo | 🔴 WEAK |
| 14 | Los Lunas, NM | 3.2% | -$987/mo | $364,852 | $1,795/mo | 🔴 WEAK |
| 15 | La Mesa, NM | 2.7% | -$997/mo | $323,755 | $1,445/mo | 🔴 WEAK |
| 16 | Sandia Park, NM | 2.6% | -$1,687/mo | $531,408 | $2,310/mo | 🔴 WEAK |
| 17 | Santa Fe, NM | 1.7% | -$2,341/mo | $646,703 | $1,970/mo | 🔴 POOR |