New Mexico
Lea County
ZIP 88265
73,154 residents153 permits TTM$68,750 median HHI11 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$176,000
ACS 5-Year
Cap rate proxy
7.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
19.5%
HUD FMR ÷ ACS HHI
Net migration
+0.49%
IRS SOI
Permits (TTM)
153
Census BPS
Climate risk
86.0
FEMA NRI (0–100)
ZIP 88265
Median home value
—
Gross yield
—
Cap rate
7.6%
Rent gap
—
Affordability
P/I: 2.6R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown11 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 88252 | — | — | — | 8.9% | — |
| 88267 | — | — | — | 7.6% | — |
| 88231 | — | — | — | 7.6% | — |
| 88114 | — | — | — | 7.6% | — |
| 88244 | — | — | — | 7.6% | — |
Ranked by composite score
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Demographics
Owner-occupied
69.5%
Census ACS
Vacancy rate
12.6%
Census ACS
Bachelor's degree +
15.3%
Census ACS
Rent burdened
38.5%
Census ACS (>30% income)
Median age
32.5
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026