Real Estate Investing in Kirtland, New Mexico (87417)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87417 (Kirtland, NM)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.0% of homes vacant — above national norms.
- Higher unemployment: 10.3% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Kirtland, NM (87417)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 87417 Kirtland
ZIP 87417 inside San Juan County looks affordable on the surface — median value of $234K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 87417 can be a worth a close look for hunting ground — but the discount at $234K reflects genuine risk that outside investors often underestimate.
Meanwhile, 87417 offers a low basis, the region around Kirtland has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Looking more closely, 6,507 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.
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 Kirtland:
Property Strategy for 87417
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $241,286 | $1,350 | 4.0% | +9.2% | $80,429 |
| 4BR | $291,797 | $1,460 | 3.6% | — | $72,949 |
Market Trends
Home Value History (with trend line)
📊 How Does 87417 Compare?
| Metric | 87417 | Kirtland | Farmington, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $233,885 | $233,885 | N/A | $308,799 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 7.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 87417 (Kirtland, NM). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $233,885 |
| Monthly Rent | $873 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 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 (2.9%). 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 87417
Population: 6,507
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 87417
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,029 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are vacancy rates like in Kirtland, NM?
Vacancy in Kirtland, NM is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $873/mo.
Is Kirtland, NM a good market for FHA house hackers?
Kirtland, NM is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $234K price point reasonable to enter.
Is Kirtland, NM a smart market for rental property?
The 3.0/5 investability rating in Kirtland, NM reflects its $234K prices and $873/mo rents. Investors generally consider it a solid option within NM.
What are home prices like in Kirtland, NM?
Median home price in Kirtland, NM is near $234K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Which real estate strategy fits Kirtland, NM?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Kirtland, NM. The numbers - $234K homes against $873/mo rents - support that play.
You know 87417 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 87417 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 87417 ranks in Farmington, NM
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