Performance indicators for the Espanola short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Espanola.
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Challenging to Investors
STRs are technically legal but severely constrained by a one-year moratorium on new non-owner-occupied registrations since March 2023, which directly deters new investment properties. The regulatory framework imposes significantly higher fees on investment properties ($675 first year vs. $35 for owner-occupied) and emphasizes owner-occupied properties, creating substantial barriers for real estate investors while maintaining uncertain future policy direction based on ongoing data collection.
Local STR Agent
STR specialist · Espanola, NM
Española is a city primarily in Rio Arriba County, New Mexico, United States. A portion of the central and eastern section of the city is in Santa Fe County. Founded as a railroad village some distance from the old Indian town of San Juan de los Caballeros (now renamed Ohkay Owingeh), it was named Española and officially incorporated in 1925. It has been called the first capital city in the United States. At the time of the 2010 census, the city had a total population of 10,495. Española is within the Albuquerque–Santa Fe–Las Vegas combined statistical area.