Real Estate Investing in Pie Town, New Mexico

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 300 • Catron County

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Should you buy in Pie Town, NM? Our answer, based on the numbers below.

🏠 For Homebuyers
WEAK FIT
Grade F (19/100)

Multiple negative signals. Better options likely exist nearby.

📈 For Investors
WEAK
2.0 / 5 (33/100)

Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.

⚠️ Risks to Know
3 flags
  • High vacancy: 50.5% of homes vacant — above national norms.
  • Flat appreciation: Values have barely moved over 5 years (0.0% CAGR).
  • Elevated poverty: 25.0% poverty rate — can affect rent collection.

What’s happening in Pie Town, NM?

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2.0/ 5

Investability

Citywide average

0.0/ 5

Appreciation

Long-term value growth

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $241,210
Avg Monthly Rent $936
ZIP Codes 1

Investing in Pie Town Real Estate

Across Pie Town's 1 ZIPs, the picture is modest: $241K median values, $936/mo rents, and a population that has faced real economic pressure.

The investment case for Pie Town is difficult to make on screen data alone. better suited elsewhere for a 2.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

Market conditions in Pie Town are muted. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

The 0% renter share in Pie Town masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$241,210
Avg Monthly Rent
$936
1% Rule
✗ Below
Landlord Friendly (NM)

ZIP Codes in Pie Town, NM

Screen every ZIP in Pie Town

Filter Pie Town’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Pie Town, NM

What type of investing works in Pie Town, NM?

Investors usually favor careful cash-flow rentals with hands-on management in Pie Town, NM. With home values at $241K and rents near $936/mo, other strategies can work but produce steady rather than outsized returns.

Does Pie Town, NM favor landlords or tenants?

Pie Town, NM operates under NM law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.

What is the average monthly rent in Pie Town, NM?

Expect rents around $936/mo per month in Pie Town, NM. With home values at $241K, the yield math works out to reasonable levels for rental investors.

Do rentals sit vacant long in Pie Town, NM?

Rental vacancy in Pie Town, NM is elevated. Investors should budget normal turnover but not chronic empty units.

Can I live-in-and-rent in Pie Town, NM?

House hacking in Pie Town, NM is a challenging. With home values around $241K and rents at $936/mo, owner-occupants can offset a meaningful share of PITI.

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