Real Estate Investing in Edgewood, New Mexico (87015)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87015 (Edgewood, NM)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Edgewood, NM (87015)?
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Market Analysis: 87015 Edgewood
ZIP 87015 inside Santa Fe County looks affordable on the surface — median value of $387K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 87015 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 87015 sits on the difficult end of the NM spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Turning to rents, 14,476 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 87015 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Edgewood:
Property Strategy for 87015
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $272,141 | $1,520 | 4.0% | +6.4% | $136,070 |
| 3BR | $379,909 | $1,990 | 3.8% | +6.4% | $126,636 |
| 4BR | $466,904 | $2,190 | 3.4% | +6.0% | $116,726 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 87015 Compare?
| Metric | 87015 | Edgewood | Santa Fe, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $387,299 | $387,299 | N/A | $308,799 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 7.3% |
| Avg Rent | $2,200 | $2,200 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 87015 (Edgewood, NM). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $387,299 |
| Monthly Rent | $2,200 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 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 (4.4%). 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 87015
Population: 14,476
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 87015
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.
Frequently Asked Questions
Should investors worry about vacancy in Edgewood, NM?
Edgewood, NM sees elevated vacancy, which is reasonable relative to the broader NM rental market.
Does house hacking work in Edgewood, NM?
House hacking works a challenging in Edgewood, NM. Rents of $2,200/mo against $387K acquisition make the strategy solid for owner-occupants.
Where do rents currently stand in Edgewood, NM?
Investors in Edgewood, NM typically see rents near $2,200/mo per month against $387K home values - a solid setup for rental cash flow.
Which investment style suits Edgewood, NM?
A careful cash-flow rentals with hands-on management strategy Edgewood, NM best. The market produces measured results for that approach at the $387K price point.
Is real estate in Edgewood, NM a good investment right now?
Edgewood, NM scores 3.0/5 for investability. Home values sit at $387K and rents near $2,200/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 87015 now. You don’t know where it ranks.
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How 87015 ranks in Santa Fe, NM
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