Real Estate Investing in Lamy, New Mexico (87540)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87540 (Lamy, NM)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 11.6% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 41.2 — hard to cash-flow at these prices.
• 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 Lamy, NM (87540)?
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Market Analysis: 87540 Lamy
ZIP 87540 inside Santa Fe County looks affordable on the surface — median value of $851K — but the discount exists for reasons that a careful buyer should understand before committing.
The 87540 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 87540's metrics run below Santa Fe County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 87540 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. resilient returns are possible in 87540, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Lamy:
Property Strategy for 87540
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $635,585 | $1,910 | 2.2% | +6.6% | $317,792 |
| 3BR | $862,754 | $2,400 | 2.0% | +6.9% | $287,585 |
| 4BR | $1,003,512 | $2,520 | 1.8% | +5.7% | $250,878 |
Market Trends
Home Value History (with trend line)
📊 How Does 87540 Compare?
| Metric | 87540 | Lamy | Santa Fe, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $850,798 | $850,798 | N/A | $308,799 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 7.3% |
| Avg Rent | $1,719 | $1,719 | N/A | - |
| Cap Rate | 1.6% | 1.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 87540 (Lamy, NM). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $850,798 |
| Monthly Rent | $1,719 |
| Price-to-Rent | 41.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.4% |
| Cap Rate | 1.6% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (1.6%). 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 87540
Population: 876
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
Frequently Asked Questions
Does house hacking make sense in Lamy, NM?
House hacking works a challenging in Lamy, NM. Rents of $1,719/mo against $851K acquisition make the strategy solid for owner-occupants.
What kind of tenants rent in Lamy, NM?
Tenant quality in Lamy, NM ranks as solid. Landlords generally report stable occupancy at market rents of $1,719/mo.
What is the investability score for Lamy, NM?
Yes - Lamy, NM a 2.0/5 investability score. With $851K home prices against $1,719/mo monthly rent, the market delivers a reasonable entry point for new investors.
Do landlords face vacancy issues in Lamy, NM?
Expect elevated vacancy in Lamy, NM. Rents at $1,719/mo are absorbed by the tenant base without meaningful lag.
Is Lamy, NM a friendly market for rental owners?
For rental operators, Lamy, NM rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 87540 now. You don’t know where it ranks.
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How 87540 ranks in Santa Fe, NM
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Community Ratings
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