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Market MapNew MexicoSierra

Sierra County

New MexicoPopulation: 11,506
47
/100
Hold
#611 of 1,000 counties
#21 in New Mexico (30 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated January 1, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$172,877
Median Home Price
26% below national median
$10,265/mo
Est. Rent
Based on regional data
5.94%
Rent-to-Price Ratio
Estimated from price data
+$0
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score
47/100
47
Cash Flow(30%)
0/100

Rent data not available for cash flow calculation.

Appreciation(25%)
38/100

Based on -2.5% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
56/100

Price-to-income ratio of 4.9x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

No significant strengths identified based on current data.

Challenges

  • -Declining home values (-2.5% YoY)
  • -Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
  • -Limited rent data (estimates used)

Economic Indicators

Population
11,506
Median Income
$35,256
vs $57,059 national est.
Unemployment Rate
—
Data pending
Price-to-Income
4.9x
Moderately affordable

Who this market fits

Skip if
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)
  • −You expect appreciation to carry the deal, but prices have declined year over year

Compare to Nearby Counties

CountyVerdict
LunaNM
51$153,314Est. pending—HoldView
GrantNM
49$188,064$1,1007.02%HoldView
CurrentSierraNM
47$172,877Est. pending—Hold
ColfaxNM
47$240,853Est. pending—HoldView
TaosNM
45$427,888$2,1636.06%HoldView
HidalgoNM
45$87,347Est. pending—HoldView

The Bottom Line

HoldSierra is a neutral market.

Sierra County in New Mexico scores 47/100, ranking #611 of 1,000 US counties (top 81%). At 20% down and current rates, a median-priced rental roughly breaks even on cash flow. The deal works on appreciation or with better terms, not on month-one cash flow.

Monthly Cash Flow
+$0/mo
Cap Rate
0.0%
Cash-on-Cash
0.0%

Related markets

Markets like Sierra with stronger cash flow

  • Grant County for cash-flow rentals
  • Taos County for cash-flow rentals

Cheaper alternatives to Sierra

  • Hidalgo County, lower entry price
  • Luna County, lower entry price

Head-to-head comparisons

  • Sierra vs Colfax for rentals
  • Sierra vs Grant for rentals
  • Sierra vs Taos for rentals
All counties in New Mexico →

Ready to Analyze a Deal in Sierra?

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