Under $500K Investment Properties for Sale in New Mexico

New Mexico offers strong investment opportunities in properties under $500K, with abundant inventory across urban and rural areas. Statewide **rental yields** average 7-9% due to steady demand from a growing workforce. **Cap rates** hover around 8%, supported by low acquisition costs and moderate appreciation. **Renter occupancy** exceeds 35%, driven by affordability challenges in major metros like Albuquerque. Cash flow potential remains high with average monthly rents supporting positive returns even at entry-level prices. Economic diversification reduces risk for long-term holds.