Home/New Mexico/Colfax County

Colfax County Housing Market

New Mexico · 33 counties · Ranked #1345 in home value

Below National Avg

Housing at a Glance

Median Home Value

$161,000

vs national$161,000 vs $281,900 national

Median Gross Rent

$704/mo

vs national$704 vs $1,163 national

Effective Tax Rate

0.58%

vs national0.58% vs 1.02% national

Median Household Income

$52,690

vs national$52,690 vs $74,755 national

Affordability Ratio

3.1x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

23.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$927

Tax as % of Home Value

0.58%

Monthly Owner Cost

$675

Renter Income

$34,692

Take Action

Property Tax

Lower Your Property Tax

Ownwell can help you appeal your property tax assessment. Average savings: $$139+/year.

Mortgage

Compare Mortgage Rates

See current mortgage rates from multiple lenders. Shop and compare to find your best rate.

Home Search

Browse Homes on Zillow

Search active listings in Colfax County. See photos, prices, and open house dates.

Similar Counties by Home Value

Explore Related Data

Frequently Asked Questions

What is the median home value in Colfax County?

The median home value in Colfax County is $161,000. This is below the national median of $281,900.

How much is rent in Colfax County?

The median gross rent in Colfax County is $704 per month.

What is the property tax rate in Colfax County?

The effective property tax rate in Colfax County is 0.58%. The median annual property tax bill is $927.

Is Colfax County affordable?

With a home-value-to-income ratio of 3.1x, Colfax County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.