Real Estate Investing in Gallup, New Mexico (87301)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87301 (Gallup, NM)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated poverty: 20.4% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Gallup, NM (87301)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 87301 Gallup
ZIP 87301 in Gallup, NM carries a robust set of headwinds. Home values near $223K and rents of $999/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 87301 can be a a solid fit for hunting ground — but the discount at $223K reflects genuine risk that outside investors often underestimate.
ZIP 87301's metrics run below McKinley County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 87301 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 87301 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Gallup:
Property Strategy for 87301
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $234,370 | $1,330 | 4.1% | +6.7% | $78,123 |
| 4BR | $310,605 | $1,470 | 3.4% | +6.3% | $77,651 |
Market Trends
Home Value History (with trend line)
📊 How Does 87301 Compare?
| Metric | 87301 | Gallup | Gallup, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $223,468 | $111,734 | N/A | $308,799 |
| 5-Year CAGR | 2.4% | 2.4% | N/A | 7.3% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 87301 (Gallup, NM). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 87301 (Gallup, NM)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $223,468 |
| Monthly Rent | $999 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +3.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 87301
Population: 21,981
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 87301
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How strong are rents in Gallup, NM?
Expect rents around $999/mo per month in Gallup, NM. With home values at $223K, the yield math works out to reasonable levels for rental investors.
Can I house hack in Gallup, NM?
House hacking in Gallup, NM is a challenging. With home values around $223K and rents at $999/mo, owner-occupants can offset a meaningful share of PITI.
What kind of market is Gallup, NM for investors?
Gallup, NM rates 3.0/5 for investability. With median values at $223K and rents near $999/mo, the market offers reasonable fundamentals for rental investors.
How tight is the rental market in Gallup, NM?
Vacancy in Gallup, NM is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $999/mo.
What price range are homes in Gallup, NM?
Homes in Gallup, NM typically sell near $223K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
You know 87301 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 87301 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 87301 (Gallup)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 87301 (Gallup, NM).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.