Real Estate Investing in Mayhill, New Mexico (88339)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 88339 (Mayhill, 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: 65.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 34.6 — 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 Mayhill, NM (88339)?
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Market Analysis: 88339 Mayhill
Not every below-median market is a bargain. Mayhill's 88339 ZIP records signals that favor experienced operators who can absorb the risk $362K pricing implies.
Turning to rents, the numbers look inviting — $362K purchase price, 0.0% nominal cap — the work to hit that pro forma in 88339 is substantial and deserves full respect.
Regionally, 88339 sits on the difficult end of the NM spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 88339 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
seems to 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 Mayhill:
Property Strategy for 88339
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $284,802 | $970 | 2.5% | +10.5% | $142,401 |
| 3BR | $394,335 | $1,350 | 2.5% | +8.9% | $131,445 |
Market Trends
Home Value History (with trend line)
📊 How Does 88339 Compare?
| Metric | 88339 | Mayhill | Alamogordo, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $362,124 | $362,124 | N/A | $308,799 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 88339 (Mayhill, NM). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $362,124 |
| Monthly Rent | $873 |
| Price-to-Rent | 34.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 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 (1.9%). 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 88339
Population: 664
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
What price range are homes in Mayhill, NM?
Homes in Mayhill, NM typically sell near $362K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
What is the tenant pool like in Mayhill, NM?
Working renters make up the core of the Mayhill, NM tenant base. The pool is reasonable for investors targeting long-term holds.
Is house hacking profitable in Mayhill, NM?
For house hackers, Mayhill, NM is a challenging. The $873/mo rent on a unit helps defray the mortgage on a $362K property.
How strict are landlord regulations in Mayhill, NM?
Mayhill, NM falls under NM landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is Mayhill in NM worth investing in?
Mayhill, NM scores 3.0/5 for investability. Home values sit at $362K and rents near $873/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 88339 now. You don’t know where it ranks.
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How 88339 ranks in Alamogordo, NM
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