Real Estate Investing in Navajo Dam, New Mexico (87419)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87419 (Navajo Dam, 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: 59.3% of homes vacant — above national norms.
- Declining values: -1.8% 5-year CAGR — values have moved lower.
- Higher unemployment: 17.0% unemployment — tenant risk signal.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Navajo Dam, NM (87419)?
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Market Analysis: 87419 Navajo Dam
ZIP 87419 in Navajo Dam, NM carries a healthy set of headwinds. Home values near $192K and rents of $1,062/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 87419 can be a a credible choice for hunting ground — but the discount at $192K reflects genuine risk that outside investors often underestimate.
Within NM, ZIP 87419 trails on several market indicators that neighboring San Juan County submarkets outperform. The gap is real and impressive enough to shape underwriting.
The demographic picture in 87419 includes headwinds that any investor should price in. Income distribution skews lower than Navajo Dam averages, and tenant stability requires active management.
New investors are better served looking at Navajo Dam's stable or hybrid ZIPs before stepping into 87419. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Navajo Dam:
Market Trends
Home Value History (with trend line)
📊 How Does 87419 Compare?
| Metric | 87419 | Navajo Dam | Farmington, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $192,096 | $192,096 | N/A | $308,799 |
| 5-Year CAGR | N/A | N/A | N/A | 7.3% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 87419 (Navajo Dam, NM). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $192,096 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 2.5% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | -1.1% ▼ |
| 5-Year CAGR | -1.8% ▼ |
| 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 (4.3%). 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 87419
Population: 426
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
Frequently Asked Questions
Is Navajo Dam, NM a smart market for rental property?
Yes - Navajo Dam, NM a 3.0/5 investability score. With $192K home prices against $1,062/mo monthly rent, the market delivers a reasonable entry point for new investors.
What monthly rent should investors expect in Navajo Dam, NM?
Rents in Navajo Dam, NM run near $1,062/mo. Compared with median home prices of $192K that produces solid gross yields for typical rentals.
What is the renter demographic in Navajo Dam, NM?
The renter base in Navajo Dam, NM is reasonable for the $1,062/mo price point. Screening well and pricing to market typically yields reliable tenants.
How tight is the rental market in Navajo Dam, NM?
Navajo Dam, NM sees elevated vacancy, which is reasonable relative to the broader NM rental market.
What strategy should investors use in Navajo Dam, NM?
In Navajo Dam, NM the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $192K prices and $1,062/mo rents suits that approach.
You know 87419 now. You don’t know where it ranks.
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How 87419 ranks in Farmington, NM
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