Real Estate Investing in Cedar Crest, New Mexico (87008)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87008 (Cedar Crest, 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.
- High vacancy: 13.4% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cedar Crest, NM (87008)?
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Market Analysis: 87008 Cedar Crest
Not every below-median market is a bargain. Cedar Crest's 87008 ZIP comes in at signals that favor experienced operators who can absorb the risk $467K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 87008 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 87008 among NM's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 87008 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 87008 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Cedar Crest:
Property Strategy for 87008
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $341,648 | $1,780 | 3.8% | +7.3% | $170,824 |
| 3BR | $450,715 | $2,470 | 3.9% | +7.1% | $150,238 |
| 4BR | $553,868 | $2,900 | 3.8% | +7.4% | $138,467 |
Market Trends
Home Value History (with trend line)
📊 How Does 87008 Compare?
| Metric | 87008 | Cedar Crest | Albuquerque, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $467,292 | $467,292 | N/A | $308,799 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.3% |
| Avg Rent | $1,602 | $1,602 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 87008 (Cedar Crest, NM). Anonymous, moderated, never written by AI.
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Property managers serving Bernalillo County
Manage rentals here? List your business →Rhino Realty Property Management offers full-service property management and investment services for single-family homes, multifamily properties, condos, townhomes, and apartments in Albuquerque and R summary from their website
BottomLineManagement.com is a domain name available for sale. summary from their website
Deacon Property Services operates as a real estate agency. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $467,292 |
| Monthly Rent | $1,602 |
| Price-to-Rent | 24.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (2.7%). 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 87008
Population: 2,338
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
🎓 Nearby Colleges & Universities
Investor Insight: With 10,321 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Cedar Crest, NM?
Cedar Crest, NM home values average about $467K. That price point suits investors targeting rentals with $1,602/mo in monthly income.
How much rent can I charge in Cedar Crest, NM?
Rents in Cedar Crest, NM run near $1,602/mo. Compared with median home prices of $467K that produces solid gross yields for typical rentals.
Are tenants stable in Cedar Crest, NM?
Cedar Crest, NM draws a measured base of working renters. Demand at the $1,602/mo rent level is reasonable for standard single-family and small multi rentals.
What is the rental occupancy rate in Cedar Crest, NM?
Cedar Crest, NM vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is rental property easy to operate in Cedar Crest, NM?
The landlord environment in Cedar Crest, NM is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 87008 now. You don’t know where it ranks.
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How 87008 ranks in Albuquerque, NM
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