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Colfax County, NM Home Values and Rents

The typical home value in Colfax County is $244,949, 17th highest of 33 counties in New Mexico. Median rent is $729 a month.

Typical home value
$244,949
17th of 33 in NM
Median rent
$729/mo
ACS 2020-2024
Price change, 1 year
-2.7%
Sep 2026
Homeownership
71.8%
NM: 70.0%

Typical home value in Colfax County

Zillow Home Value Index, all homes, middle tier

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PeriodColfax County
Sep 2026$244,949
Dec 2025$245,673
Dec 2024$252,455
Dec 2023$253,545
Dec 2022$253,238
Dec 2021$233,484
Dec 2020$197,164
Dec 2019$179,671
Dec 2018$169,230
Dec 2017$161,664
Dec 2016$160,301
Dec 2015$171,746
Dec 2014$171,374
Dec 2013$183,081
Dec 2012$188,111

Over five years, Colfax County prices changed +8.7%.

Source: Zillow Research · Last updated 09/01/2026

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Home values by city in Colfax County

Median home value (ACS 2020-2024), places with 500+ residents

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#City or townPopulationMedian valueMedian rent
1Angel Fire1,111$546,800$1,052
2Raton6,026$134,300$741
3Cimarron701$126,600$625
4Springer1,017$87,000$501

Home values by ZIP code

Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index

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#ZIP codeMedian valueMedian rent1-year5-year
187710$569,200$1,148-+96.2%
287718$310,700$894--
387740$153,100$746-1.0%+42.2%
487714$126,600$625--
587747$119,500$503--
688422$116,300---
787728$86,700$609--

Fair Market Rents, FY2027

HUD rent standard for Colfax County, NM

NM rents
Unit sizeMonthly rentvs FY2026
Studio$807+10.5%
1 bedroom$931+4.8%
2 bedrooms$1,014+4.2%
3 bedrooms$1,376+5.7%
4 bedrooms$1,590+1.3%

Frequently asked questions

What is the typical home value in Colfax County, NM?
The typical home value in Colfax County is $244,949 (Zillow Home Value Index, Sep 2026). The New Mexico median is $248,100.
How much is rent in Colfax County?
The median rent in Colfax County is $729 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,014.
Are home prices going up in Colfax County?
The typical home value in Colfax County changed -2.7% over one year and +8.7% over five years, as of Sep 2026.
How does Colfax County compare with the rest of New Mexico?
Colfax County has the 17th highest median home value of 33 counties in New Mexico.
Which ZIP code in Colfax County has the highest home values?
ZIP code 87710 has the highest median home value at $569,200, and 87728 has the lowest at $86,700.