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Springer, NM Home Values and Rents
The median home value in Springer is $87,000, 137th highest of 150 cities and towns in New Mexico. Median rent is $501 a month.
- Median home value
- $87,000
- 137th of 150 in NM
- Median rent
- $501/mo
- ACS 2020-2024
- Price change, 1 year
- -1.4%
- County index, 2025
- Homeownership
- 70.7%
- NM: 70.0%
Colfax County home price trend
FHFA annual House Price Index for Colfax County, 2000 = 100, compared with New Mexico
Show as a table
| Period | Colfax County |
|---|---|
| 2025 | 242 |
| 2024 | 246 |
| 2023 | 225 |
| 2022 | 230 |
| 2021 | 188 |
| 2020 | 167 |
| 2019 | 153 |
| 2018 | 148 |
| 2017 | 150 |
| 2016 | 141 |
| 2015 | 148 |
| 2014 | 142 |
| 2013 | 145 |
| 2012 | 148 |
| 2011 | 147 |
Over five years, Colfax County prices changed +45.1%, compared with +33.9% for New Mexico.
Source: Federal Housing Finance Agency · Last updated 07/01/2026
Housing at a glance
American Community Survey 2020-2024 5-year estimates, compared with New Mexico
- Median home value
- $87,000 · NM $248,100
- Median gross rent
- $501/mo · NM $1,067
- Home value to income
- 1.7 times the median household income ($50,345)
- Rent to income
- A year of median rent equals 12% of median household income
- Owner-occupied
- 70.7% of 492 households
- Housing units
- 621
- Vacancy rate
- 20.8%
- Median year built
- 1958
Fair Market Rents, FY2027
HUD rent standard for Colfax County, NM
| Unit size | Monthly rent |
|---|---|
| Studio | $807 |
| 1 bedroom | $931 |
| 2 bedrooms | $1,014 |
| 3 bedrooms | $1,376 |
| 4 bedrooms | $1,590 |
Frequently asked questions
- What is the median home value in Springer, NM?
- The median home value in Springer is $87,000, based on the American Community Survey 2020-2024 5-year estimates. The New Mexico median is $248,100.
- How much is rent in Springer?
- The median rent in Springer is $501 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 Springer?
- Home prices in Colfax County changed -1.4% over one year and +45.1% over five years, as of 2025.
- How does Springer compare with the rest of New Mexico?
- Springer has the 137th highest median home value of 150 cities and towns with 1,000+ residents in New Mexico.