Real Estate Investing in Jemez Pueblo, New Mexico (87024)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87024 (Jemez Pueblo, NM)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Jemez Pueblo, NM (87024)?
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Market Analysis: 87024 Jemez Pueblo
ZIP 87024 in Jemez Pueblo, NM carries a solid set of headwinds. Home values near $359K and rents of $1,215/mo sit inside a market where underwriting has to be tight.
The 87024 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 87024 among NM's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 87024 ZIP's population of 2,792 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Jemez Pueblo:
Market Trends
Home Value History (with trend line)
📊 How Does 87024 Compare?
| Metric | 87024 | Jemez Pueblo | Albuquerque, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $359,264 | $359,264 | N/A | $308,799 |
| 5-Year CAGR | N/A | N/A | N/A | 7.3% |
| Avg Rent | $1,215 | $1,215 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 87024 (Jemez Pueblo, NM). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $359,264 |
| Monthly Rent | $1,215 |
| Price-to-Rent | 24.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (2.6%). 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 87024
Population: 2,792
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 87024
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
What are rental rates like in Jemez Pueblo, NM?
Jemez Pueblo, NM rentals go for roughly $1,215/mo a month. That puts gross yield in solid territory relative to $359K acquisition costs.
Is vacancy a concern in Jemez Pueblo, NM?
Occupancy in Jemez Pueblo, NM runs even-keeled with elevated vacancy. Well-priced units at $1,215/mo lease on reasonable timelines.
Is Jemez Pueblo, NM a good market for buy-and-hold investors?
Jemez Pueblo, NM rates 2.0/5 for investability. With median values at $359K and rents near $1,215/mo, the market offers reasonable fundamentals for rental investors.
Are landlord laws favorable in Jemez Pueblo, NM?
For rental operators, Jemez Pueblo, NM rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is housing expensive in Jemez Pueblo, NM?
Typical homes in Jemez Pueblo, NM go for around $359K. The 5-year CAGR of 0.0% reliable price movement.
You know 87024 now. You don’t know where it ranks.
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How 87024 ranks in Albuquerque, NM
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