Is the Espa±ola, NM metro good for rental property?

Zillow does not publish enough data to estimate cash flow for this metro. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.

Which ZIP codes in the Espa±ola, NM metro have the highest rental yield?

, on Zillow value and rent. The full table above sorts by any column.

Rental numbers for the Espa±ola, NM metro

Zillow does not publish enough data to estimate cash flow for this metro.

Gross yield: n/a; no Zillow rent index
Median ZIP yield: n/a; 0 ZIPs with full data
Cash flow: n/a; at 7.78%, 25% down
Typical price: $336,000; Zillow ZHVI, Aug 2026
Typical rent: n/a; Zillow ZORI, Aug 2026

ZIP codes in the metro

4 with published figures


87522Santa Cruz	$327,000	$1,470*	5.4%	2.8%	-$992	n/a
87412Blanco	$269,000	$1,020*	4.5%	1.3%	-$1,164	n/a
87520Chama	$319,000	$970*	3.6%	1.1%	-$1,425	n/a
87510Abiquiu	$402,000	$970*	2.9%	0.8%	-$1,915	n/a

* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.

Trends

Five years to August 2026

Price, 12 months: +2.3%
Rent, 12 months: n/a
Rent minus price growth: n/a
Property tax: 0.43%; effective rate, ACS 2024

Typical value (Zillow ZHVI)Indexed to 100 at Aug 2021

Show the numbers

Month	Typical value
Aug 2021	$297,127
Aug 2022	$312,291
Aug 2023	$305,733
Aug 2024	$312,591
Aug 2025	$328,227
Aug 2026	$335,859

Counties

Rio Arriba County, NMn/a median yield

Tools

Test a listing in the Espa±ola, NM area against today's rate.

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All of New Mexico

Questions

Is the Espa±ola, NM metro good for rental property?: Zillow does not publish enough data to estimate cash flow for this metro. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
Which ZIP codes in the Espa±ola, NM metro have the highest rental yield?: , on Zillow value and rent. The full table above sorts by any column.

Sources and method

Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.

Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.

Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.