Real Estate Investing in Moriarty, New Mexico (87035)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87035 (Moriarty, NM)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 21.9% 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 Moriarty, NM (87035)?
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Market Analysis: 87035 Moriarty
Not every below-median market is a bargain. Moriarty's 87035 ZIP records signals that favor experienced operators who can absorb the risk $237K pricing implies.
Rent of $1,323/mo on a $237K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 87035 sits below the stated 0.0% once reality is priced in.
Within NM, ZIP 87035 trails on several market indicators that neighboring Torrance County submarkets outperform. The gap is real and durable enough to shape underwriting.
The 87035 ZIP's population of 6,847 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
The 87035 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 Moriarty:
Market Trends
Home Value History (with trend line)
📊 How Does 87035 Compare?
| Metric | 87035 | Moriarty | Albuquerque, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $237,190 | $237,190 | N/A | $308,799 |
| 5-Year CAGR | 1.6% | 1.6% | N/A | 7.3% |
| Avg Rent | $1,323 | $1,323 | 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 87035 (Moriarty, NM). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $237,190 |
| Monthly Rent | $1,323 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | +1.6% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 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 87035
Population: 6,847
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 87035
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 Moriarty, NM better for rentals, flips, or BRRRR?
Moriarty, NM investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($237K prices, $1,323/mo rents) make it a reasonable choice.
Is NM a landlord-friendly state?
The landlord environment in Moriarty, NM is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How strong is tenant demand in Moriarty, NM?
Working renters make up the core of the Moriarty, NM tenant base. The pool is reasonable for investors targeting long-term holds.
Does house hacking work in Moriarty, NM?
House hacking works a challenging in Moriarty, NM. Rents of $1,323/mo against $237K acquisition make the strategy solid for owner-occupants.
Do landlords face vacancy issues in Moriarty, NM?
Rental vacancy in Moriarty, NM is elevated. Investors should budget normal turnover but not chronic empty units.
You know 87035 now. You don’t know where it ranks.
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How 87035 ranks in Albuquerque, NM
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