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Housing Affordability in Colfax County, NM
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 27.9%
- New Mexico 29.0%
- Renters paying 30%+
- 46.5%
- New Mexico 50.2%
- Homeowners paying 30%+
- 22.4%
- New Mexico 20.8%
- Owner costs with a mortgage
- $1,274/mo
- New Mexico $1,564/mo
Housing costs compared with income
- Renters paying 30% or more52846.5%
- Homeowners paying 30% or more85222.4%
- Renters paying 50% or more25722.6%
- Median rent as a share of income: 25.3%
- Median owner costs as a share of income, with a mortgage: 23.9%
- Median owner costs without a mortgage: $448/mo
- Median home value divided by median household income: 3.1
How it compares
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| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Colfax County, NM | 27.9% | 46.5% | 22.4% | 25.3% |
| New Mexico | 29.0% | 50.2% | 20.8% | 30.1% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Cities and towns in Colfax County
Places with 1,000 or more people
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| City | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Raton | 32.2% | 47.1% | 26.2% | 27.4% |
| Angel Fire | 27.7% | 28.4% | 27.5% | 14.2% |
| Springer | 22.9% | 52.8% | 12.1% | 36.0% |
Frequently asked questions
- What is the housing cost burden in Colfax County, NM?
- In Colfax County, NM, 27.9% of households spend 30% or more of their income on housing costs.
- How does Colfax County compare with New Mexico?
- The households paying 30%+ for housing in Colfax County is 27.9%, compared with 29.0% for New Mexico as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates