Real Estate Investing in Anthony, New Mexico (88024)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 88024 (Anthony, 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: 21.2% of homes vacant — above national norms.
- Elevated poverty: 21.6% poverty rate — can affect rent collection.
- Lower household income: $36,474 median — tenant affordability is tighter.
• 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 Anthony, NM (88024)?
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Market Analysis: 88024 Anthony
This part of Dona Ana County is not an easy win. The 88024 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 88024 can be a a solid fit for hunting ground — but the discount at $235K reflects genuine risk that outside investors often underestimate.
Regionally, 88024 sits on the difficult end of the NM spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 88024 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 88024 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Anthony:
Market Trends
Home Value History (with trend line)
📊 How Does 88024 Compare?
| Metric | 88024 | Anthony | Las Cruces, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $235,202 | $236,319 | N/A | $308,799 |
| 5-Year CAGR | 7.5% | 6.9% | N/A | 7.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 88024 (Anthony, NM). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $235,202 |
| Monthly Rent | $873 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 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 (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 88024
Population: 546
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 Anthony, NM a good market for buy-and-hold investors?
Anthony, NM scores 3.0/5 for investability. Home values sit at $235K and rents near $873/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much is rent in Anthony, NM?
Average rent in Anthony, NM is approximately $873/mo per month. Against $235K home values that yields a reasonable rent-to-price ratio.
Are renters plentiful in Anthony, NM?
The tenant pool in Anthony, NM is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.
What are vacancy rates like in Anthony, NM?
Vacancy risk in Anthony, NM is elevated. That supports even-keeled cash flow for typical rental holds.
Is rental property easy to operate in Anthony, NM?
NM law landlord-friendly for landlords, and Anthony inherits those rules. Investors should still review local ordinances for rental licensing.
You know 88024 now. You don’t know where it ranks.
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How 88024 ranks in Las Cruces, NM
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