Baca County has a low-data underwriting tension: ACS survey context provides owner-occupied value and rent measures, but labor and mover evidence does not establish current rental demand. Investigators with parcel-level flood, lease, and sale evidence should test it; buyers needing market rent, yield, or MLS liquidity should be cautious. In QCEW 2025, county workplaces averaged 1,164 covered jobs, down 0.60%, while weekly covered wages rose 1.54%. Trade, transportation, and utilities was the largest disclosed private supersector. These are annual covered workplace measures, not resident employment, unemployment, or a forecast.
ACS 2024 5-year reports a $122,900 owner-reported median value for owner-occupied homes and $592 median gross rent for occupied units. They are separate survey contexts—not current asking or transaction measures—and cannot be combined into yield. Market rent is not published, so gross yield cannot be computed. HUD's two-bedroom FMR is a payment standard, not market asking rent. The effective property-tax rate is 0.44%, with $545 median annual tax; this is a carrying-cost input, while parcel assessment, insurance, and operating costs are unreported.
Tax-return migration shows 37 households moving in and 58 moving out, a net loss of 21; incoming movers averaged $890 more income than outgoing movers. The income differential does not identify renters. Investor purchase mortgages were zero among 20 purchases, indicating no recorded non-owner mortgage participation, not an absence of cash buyers or all competition. Together, migration and mortgage evidence warrant direct checks of tenant sources, buyer mix, and completed transactions rather than a county-level demand conclusion.
Inland flood is the dominant hazard, and the modeled annual climate loss ratio is 0.14% of building value. That county model is not a parcel flood determination or an insurance quote. The record has no Zillow county home-value series, FHFA HPI observation, or Realtor.com listing price, active-listing, marketing-time, and price-reduction figures; current pricing, visible supply, marketing time, and concessions cannot be tested. Next checks are site flood exposure, insurance terms, tax assessment, achieved and asking rents, lease-up, and recent closed sales.