Q1 2026 State Underwriting Telemetry · New Mexico (NM)

New Mexico (NM) DSCR, Cap-Rate & Rental Market Report (2026)

In Q1 2026, New Mexico (NM) 1–4 unit investment properties trade at a median acquisition price of $325,000 with Form 1007 market rent of $2,350/mo (8.68% gross rental yield) and 5+ unit multifamily rent of $1,380/door. Lenders underwrite New Mexico escrows at a 0.76% average property tax rate and $520/$100K landlord hazard insurance under a Judicial (or Commercial Deed of Trust Act) statutory regime (160–220 days days).

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New Mexico (NM) DSCR, Cap-Rate & Rental Market Report (2026) | Stephen R. Mannenbach | Stephen Mannenbach