Farmington, NM · New Mexico

San Juan County

ZIP 87461

121,178 residents76 permits TTM$53,020 median HHI16 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$185,100

ACS 5-Year

Cap rate proxy

5.9%

FMR × 0.65 ÷ Home Value

Rent-to-income

20.8%

HUD FMR ÷ ACS HHI

Net migration

+1.47%

IRS SOI

Permits (TTM)

76

Census BPS

Climate risk

88.3

FEMA NRI (0–100)

ZIP 87461

Median home value

Gross yield

Cap rate

5.9%

Rent gap

Affordability

P/I: 3.5R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown16 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
870375.9%
873645.9%
874205.9%
874555.9%
874615.9%

Ranked by composite score

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Demographics

Owner-occupied

70.2%

Census ACS

Vacancy rate

14.6%

Census ACS

Bachelor's degree +

16.6%

Census ACS

Rent burdened

40.3%

Census ACS (>30% income)

Median age

38.0

Census ACS

Data sources
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