Real Estate Investing in Glorieta, New Mexico (87535)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87535 (Glorieta, NM)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.5% of homes vacant — above national norms.
- Higher unemployment: 10.5% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 25.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Glorieta, NM (87535)?
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Market Analysis: 87535 Glorieta
Investors eyeing 87535 need to respect the fundamentals at play. Home values of $428K come alongside slower price movement and elevated management overhead.
For an experienced owner, 87535 can be a a strong candidate for hunting ground — but the discount at $428K reflects genuine risk that outside investors often underestimate.
Within NM, ZIP 87535 trails on several market indicators that neighboring Santa Fe County submarkets outperform. The gap is real and substantial enough to shape underwriting.
The demographic picture in 87535 includes headwinds that any investor should price in. Income distribution skews lower than Glorieta averages, and tenant stability requires active management.
leans 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 Glorieta:
Market Trends
Home Value History (with trend line)
📊 How Does 87535 Compare?
| Metric | 87535 | Glorieta | Santa Fe, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $428,057 | $428,057 | N/A | $308,799 |
| 5-Year CAGR | 2.7% | 2.7% | N/A | 7.3% |
| Avg Rent | $1,422 | $1,422 | 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 87535 (Glorieta, NM). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $428,057 |
| Monthly Rent | $1,422 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 87535
Population: 1,603
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,321 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Glorieta, NM stack up for property investment?
Investors tracking Glorieta, NM will find a 3.0/5 rating supported by $428K median home values and $1,422/mo rents. That profile suits long-term holders targeting even-keeled returns.
What strategy should investors use in Glorieta, NM?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Glorieta, NM. The numbers - $428K homes against $1,422/mo rents - support that play.
What do landlords charge for rent in Glorieta, NM?
Glorieta, NM rentals go for roughly $1,422/mo a month. That puts gross yield in solid territory relative to $428K acquisition costs.
What are home prices like in Glorieta, NM?
Glorieta, NM home values average about $428K. That price point suits investors targeting rentals with $1,422/mo in monthly income.
Is it easy to find good tenants in Glorieta, NM?
Expect a solid tenant pool in Glorieta, NM. The rental market absorbs $1,422/mo rents without meaningful friction.
You know 87535 now. You don’t know where it ranks.
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How 87535 ranks in Santa Fe, NM
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