Housing market/New Mexico/ZIP 87410

ACS 2023 · FY2027 SAFMR

ZIP 87410 Aztec, New Mexico

Farmington, NM MSA · New Mexico. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
14,372
Households
5,505
Median HH income
$51,283
Renter share
23.2%
Median gross rent
$802
Vacancy
14.0%
Pop. change
-16.9%
2BR SAFMR
$1,010
SAFMR / rent
1.259×
2–49 unit stock
546
LIHTC proj / units
2 / 60
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 87410 · NM — sent to you.

ZIP 87410 · NM

ACS median rent$802
2BR SAFMR$1,010
90% floor$909
110% ceiling$1,111

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 87410

  • 1-unit detached3,01847.9%
  • 1-unit attached310.5%
  • 2–4 units4206.7%
  • 5–49 units1262.0%
  • 50+ units260.4%
  • Mobile2,68242.6%
TypeUnitsShare
1-unit detached3,01847.1%
1-unit attached310.5%
2 units (duplex)1111.7%
3–4 units3094.8%
5–9 units651.0%
10–19 units611.0%
20–49 units00.0%
50+ units260.4%
Mobile2,68241.9%

2–4 unit share 6.6% · 5–49 unit share 2.0% · combined 2–49 8.5%.

Units by bedrooms

Studio
300
1BR
288
2BR
1,240
3BR
3,504
4BR
966
5+
104

Rent burden

Rent ≥30% of income55.4%
Rent ≥50% of income19.9%
  • ACS median gross rent $802 (all bedrooms, occupied rentals).
  • Median contract rent $600.
  • Renters paying ≥30% of income 55.4%; ≥50% 19.9%.
  • FY2027 2BR SAFMR $1,010 (1.259× ACS median gross rent).

Population

14,372 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -16.9%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 2 projects, 60 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 87410 23.2% of occupied households are renters; vacancy is 14.0%; ACS median gross rent is $802; population changed -16.9% between the 2018 and 2023 ACS vintages; the housing stock includes 420 units in 2–4-unit structures and 126 units in 5–49-unit structures; 2 LIHTC projects totaling 60 units; FY2027 2BR SAFMR is $1,010 versus ACS median gross rent of $802. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

New Mexico research

ZIP 87410 is a Census / HUD profile for Farmington, NM. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New Mexico research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 87410?

ZIP 87410 (Farmington, NM MSA) has 14,372 residents, 5,505 households, a renter share of 23.2%, median household income of $51,283, and ACS 2023 median gross rent of $802. Vacancy is 14.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 87410?

ACS counts 111 units in 2-unit buildings, 309 in 3–4 unit buildings, 65 in 5–9, 61 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 546 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 87410?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,010. See the full schedule and 90–110% payment-standard band on the ZIP 87410 — Aztec, NM HUD Section 8 Payment Standards / SAFMR.

Does this New Mexico ZIP profile include Georgia listings?

No. ZIP 87410 is Census / HUD research for Farmington, NM MSA. Jeff Crowe CRE does not list New Mexico property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.