Is Sierra County, NM good for real estate investing?

Sierra County has an investment score of 73/100, rated as "Buy". The county ranks #88 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Sierra?

The rent-to-price ratio in Sierra County is 8.69% annually, which ranks in the 95th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Sierra?

The median home price in Sierra County is $181,189. This ranks #290 in affordability among all US counties.

Can you cash flow on rental properties in Sierra?

Based on median values with 20% down at current rates, a typical rental in Sierra County would generate negative cash flow of $96/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Sierra County

New MexicoPopulation: 11,506

/100

Buy

#88 of 1,000 counties

#1 in New Mexico (30 counties)

Analysis by RentalCalcs ResearchIndependent data + algorithm-driven scoring

Updated July 28, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$181,189

Median Home Price

21% below national median

$1,313/mo

Median Rent

9% below national median

8.69%

Rent-to-Price Ratio

Top 5% nationally

-$96

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Scenario comparison

Same $1,313/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.

Scenario	Purchase price	Monthly cash flow	Cap rate	Cash-on-cash
75% of median value-add or distressed	$135,892	+$141/mo	7.5%	+5.4%
Median typical MLS deal	$181,189	-$96/mo	5.7%	-2.8%
125% of median newer / premium	$226,486	-$334/mo	4.5%	-7.7%

Price History

Median Home Price

Median Rent

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$181,189

Down Payment (20%)$36,238

Loan Amount$144,951

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,313

Monthly P&I-$950

Est. Expenses (35%)-$459

Net Cash Flow-$96/mo

5.7%

Cap Rate (all cash)

-2.8%

Cash-on-Cash Return

8.69%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 5.7% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

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Score Breakdown

Overall Investment Score

73/100

Cash Flow(30%)

87/100

Based on 8.69% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

64/100

Based on 1.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

91/100

Based on price relative to estimated local incomes.

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

+Above-average rent-to-price ratio (8.69%)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Negative leverage (cap rate 5.7% < mortgage rate 6.9%)

Economic Indicators

Population

11,506

Median Income

—

Data pending

Unemployment Rate

—

Data pending

Price-to-Income

—

Data pending

Who this market fits

Best for

+Value-add operators who can buy below median and force rent up

Skip if

−You can't tolerate negative leverage (cap rate below mortgage rate today)

Compare to Nearby Counties

County					Verdict
CurrentSierraNM	73	$181,189	$1,313	8.69%	Buy
LeaNM	70	$189,259	$1,363	8.64%	Buy	View
CibolaNM	68	$154,549	Est. pending	—	Buy	View
RooseveltNM	66	$141,276	$997	8.47%	Buy	View
San MiguelNM	65	$257,118	Est. pending	—	Buy	View
OteroNM	64	$227,246	$1,489	7.87%	Buy	View

The Bottom Line

BuySierra offers solid investment potential with roughly break-even cash flow at typical financing.

Sierra County in New Mexico scores 73/100, ranking #88 of 1,000 US counties (top 11%). At 20% down and current rates, a median-priced rental roughly breaks even on cash flow (8.69% gross rent-to-price ratio). The deal works on appreciation or with better terms, not on month-one cash flow.

Monthly Cash Flow

$-96/mo

Cap Rate

5.7%

Cash-on-Cash

-2.8%