Real Estate Investing in Bloomfield, New Mexico (87413)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87413 (Bloomfield, 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 vacancy: 10.7% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bloomfield, NM (87413)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 87413 Bloomfield
The 87413 ZIP in Bloomfield, NM is a local-operator market. Outside capital chasing a $255K entry has to pair deep knowledge with the discount.
The 87413 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 87413 sits on the difficult end of the NM spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The 87413 ZIP's population of 14,966 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
The 87413 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 Bloomfield:
Property Strategy for 87413
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $187,128 | $1,020 | 3.9% | — | $93,564 |
| 3BR | $269,955 | $1,420 | 3.8% | +9.0% | $89,985 |
| 4BR | $332,202 | $1,530 | 3.3% | +8.2% | $83,051 |
Market Trends
Home Value History (with trend line)
📊 How Does 87413 Compare?
| Metric | 87413 | Bloomfield | Farmington, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $254,515 | $254,515 | N/A | $308,799 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 7.3% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 87413 (Bloomfield, NM). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 87413 (Bloomfield, NM)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $254,515 |
| Monthly Rent | $918 |
| Price-to-Rent | 23.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +11.5% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 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 (2.8%). 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 87413
Population: 14,966
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 87413
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
Is real estate in Bloomfield, NM a good investment right now?
Bloomfield, NM scores 3.0/5 for investability. Home values sit at $255K and rents near $918/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Does house hacking make sense in Bloomfield, NM?
House hacking works a challenging in Bloomfield, NM. Rents of $918/mo against $255K acquisition make the strategy solid for owner-occupants.
Do landlords face vacancy issues in Bloomfield, NM?
Rental vacancy in Bloomfield, NM is elevated. Investors should budget normal turnover but not chronic empty units.
How much does a house cost in Bloomfield, NM?
Homes in Bloomfield, NM typically sell near $255K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
What type of investing works in Bloomfield, NM?
A careful cash-flow rentals with hands-on management strategy Bloomfield, NM best. The market produces measured results for that approach at the $255K price point.
You know 87413 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 87413 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.
How 87413 ranks in Farmington, NM
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 87413 (Bloomfield)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 87413 (Bloomfield, NM).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.