Real Estate Investing in Pie Town, New Mexico (87827)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87827 (Pie Town, 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.
- High vacancy: 50.5% of homes vacant — above national norms.
- Elevated poverty: 25.0% poverty rate — can affect rent collection.
• 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 Pie Town, NM (87827)?
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Market Analysis: 87827 Pie Town
This part of Catron County is not an easy win. The 87827 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 87827 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
From an investor standpoint, 87827 offers a low basis, the region around Pie Town has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
On balance, 300 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.
Strategy in 87827 is an operator game, not a passive one. On balance, entry prices of $241K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Pie Town:
Market Trends
Home Value History (with trend line)
📊 How Does 87827 Compare?
| Metric | 87827 | Pie Town | New Mexico |
|---|---|---|---|
| Home Value | $241,210 | $241,210 | $308,799 |
| 5-Year CAGR | N/A | N/A | 7.3% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 3.0% | 3.0% | - |
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 87827 (Pie Town, NM). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $241,210 |
| Monthly Rent | $936 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 12.7% |
📈 Home Appreciation
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 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 (7.0%) exceeds the estimated cap rate (3.0%). 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 87827
Population: 300
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
How does Pie Town, NM rate as a rental market?
Pie Town, NM scores 2.0/5 for investability. Home values sit at $241K and rents near $936/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much does a house cost in Pie Town, NM?
Homes in Pie Town, NM typically sell near $241K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
How strong are rents in Pie Town, NM?
Investors in Pie Town, NM typically see rents near $936/mo per month against $241K home values - a solid setup for rental cash flow.
Is Pie Town, NM a friendly market for rental owners?
Pie Town, NM falls under NM landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Are there empty rentals in Pie Town, NM?
Vacancy in Pie Town, NM is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $936/mo.
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