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City · 6,026 residents · Colfax County, New Mexico

Raton , New Mexico

In Raton, a typical home is worth $134,300 and typical rent is $741 a month. Compared with all of Colfax County, the typical home value is 20% lower.

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  • Typical home value

    $134,300

    20% below the county

    46% below New Mexico

    • Raton
    • Colfax
    • New Mexico

  • Typical rent

    $741a month

    About the same as the county

    31% below New Mexico

    • Raton
    • Colfax
    • New Mexico

  • Typical household income

    $52,641a year

    About the same as the county

    18% below New Mexico

    • Raton
    • Colfax
    • New Mexico

  • Households that own their home

    67%

    4 points below the county

    3 points below New Mexico

    • Raton
    • Colfax
    • New Mexico

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$153,766
5.6% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Raton is in Colfax County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Colfax County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Raton apart

What this place has that others do not, from public data, most unusual first.

  1. According to Zillow, in the 12 months to September 2026 the typical home value in Raton rose 5.6%; in New Mexico, it rose 1.7%.

  2. The typical home in Raton is worth $134,300, 20% less than in Colfax County as a whole ($167,200).

Sources: Zillow (September 2026 data); U.S. Census Bureau (Average 2020–2024). Zillow data

The homes here

Housing in Raton

What homes there are in Raton, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Raton, 7 in 10 homes are single-family detached houses; in Colfax County, 7.

There are more mobile homes here than in Colfax County: 20% of homes, against 14%.

Year built

Homes in Raton are older: the typical year built is 1959; in Colfax County, 1977.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,145 a month

Colfax County: $1,274 a month

Without a mortgage

$406 a month

Colfax County: $448 a month

Owners with a mortgage

42%

Colfax County: 37%

In Raton, 42% of owners have a mortgage, and their typical cost is $1,145 a month, against $1,274 in Colfax County. Without one it drops to $406.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Colfax County, the typical home value in Raton rose 61% since 2015–2019.

Rent in Raton moved so little since 2015–2019 that the Census cannot say whether it rose or fell.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureRatonColfax CountyNew MexicoUnited States
Rental vacancy Unreliable estimate6.5%5.9%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.0%0.9%
More than one person per room Unreliable estimateUnreliable estimate3.3%3.4%
People per household 2.172.172.482.53
Drive alone 74%69%74%69%
Carpool 21%14%10%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home Unreliable estimate12%12%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate10 to 19 minutes10 to 19 minutes20 to 29 minutes

By size, households in Raton look like those in Colfax County: 2.17 people on average.

Carpooling is common in Raton: 21% of workers get to work that way, against 14% in Colfax County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Raton?

A typical home is within reach of the typical income

We start with a typical home in Raton, worth $134,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 24% of the typical household income in Raton, which is $52,641 a year.

The calculator's FHA and conventional loan limits are those of all of Colfax County.

Your numbers

Local data
$

Starts at the typical home value in Raton. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,701 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,069

at 7.18% · 30 years

Loan amount
$131,867
Total interest
$189,726
Paid off in
November 2056

Includes $2,268 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,228 a month

    Your payment · 24%

  • Tight

    $1,228 to $1,579 a month

  • Hard

    more than $1,579 a month

Compared with the typical household income in Raton ($52,641 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,069
Principal & interest$893
Property tax$60
Home insurance$56
FHA mortgage insurance (MIP)$59

You need at least $4,701 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Raton and Colfax County

Raton is in Colfax County, New Mexico. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Raton's own numbers

Typical home value
$134,300
Typical monthly rent
$741
Typical yearly household income
$52,641
Households that own their home
67%
Effective property tax rate
0.54%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Colfax County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,014
Price change over 5 years (FHFA)
+45%
Homes in a high flood-risk zone
2.7%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Colfax County.

Everything about Colfax County

Buying

Buying a home in Raton

A typical home in Raton is worth $134,300: 20% below the county and 46% below New Mexico. With the typical household income in Raton ($52,641 a year), a typical home costs 2.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Raton 2.6 years
  • Colfax 3.1 years
  • New Mexico 3.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Colfax County

According to FHFA’s house price index, home prices in Colfax County rose 64% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Colfax County.

Period County New Mexico U.S.
Last year (2025) −1.4% +3.1% +2.9%
5 years (2020–2025) +45% +50% +47%
10 years (2015–2025) +64% +82% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Raton next to Colfax County, New Mexico and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Raton $134,300
  • Colfax $167,200
  • New Mexico $248,100
  • United States $332,700
Typical monthly rent
  • Raton $741
  • Colfax $729
  • New Mexico $1,067
  • United States $1,413
Typical yearly household income
  • Raton $52,641
  • Colfax $53,554
  • New Mexico $64,059
  • United States $80,734
See the full table
Raton next to Colfax County and New Mexico
Measure Raton Colfax County New Mexico U.S.
Typical home value $134,300 $167,200 $248,100 $332,700
Typical monthly rent $741 $729 $1,067 $1,413
Typical yearly household income $52,641 $53,554 $64,059 $80,734
Households that own their home 67% 72% 70% 65%
Typical yearly property tax $719 $867 $1,731 $3,119
Effective property tax rate 0.54% 0.52% 0.7% 0.94%
Renters with high rent for their income 47% 47% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Colfax County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Raton

For a typical $134,300 home in Raton, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Raton's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,069a month

    Least cash to close
    Down payment
    $4,701
    Cash to close
    $8,730
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $59

  • Conventional, 5% down $1,044a month

    Down payment
    $6,715
    Cash to close
    $10,744
    Rate
    7.18%
    Mortgage insurance
    PMI · $64

  • Conventional, 20% down, no PMI $844a month

    Down payment
    $26,860
    Cash to close
    $30,889
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $968a month

    Down payment
    $20,145
    Cash to close
    $24,174
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Raton and for Colfax County.

Property tax

Effective rate in Raton

0.54%of the home’s value each year

$719 a year for the typical owner in Raton.

  • Raton 0.54%
  • Colfax 0.52%
  • New Mexico 0.7%

What New Mexico publishes 3 percent cap on the yearly increase in your home's taxable value (New Mexico Legislative Finance Committee ("Property Taxes in New Mexico" brief))

Exemptions and deadlines in New Mexico

Flood risk in Colfax County

FEMA does not publish these numbers by city: they are for all of Colfax County.

Homes in the high-risk zone
2.7%
210
Of those, with NFIP insurance
6.7%
County New Mexico U.S.
Homes in the high-risk zone 2.7% 5.7% 3.5%
Of those, with NFIP insurance 6.7% 16% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Raton

Typical rent in Raton is $741 a month: about the same as the county. In Raton, 47% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Colfax County, by unit size. To pay the 2-bedroom one ($1,014 a month) without spending more than 30% of your income, you would need to earn $19.50 an hour working full time.

HUD fair market rent for all of Colfax County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $807 $15.52 $32,280
1 bedroom $931 $17.90 $37,240
2 bedrooms $1,014 $19.50 $40,560
3 bedrooms $1,376 $26.46 $55,040
4 bedrooms $1,590 $30.58 $63,600

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Raton

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Raton is in ZIP code 87740.

For 2 bedrooms it is $1,050: $36 more than the fair market rent for Colfax County ($1,014).

  • 87740 $1,050$1,420

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Raton when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Raton

HUD lists one building with rents for lower incomes in Raton.

  • Raton 155 Grant Ave, Raton 87740 156 low-income homes · Run by Northern Regional Housing Authority · Average payment: $424 a month · Average wait: 3 months · Homes at several sites (505) 425-9463

See all 4 buildings in Colfax County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Raton

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Colfax County. The nearest ones are below; many serve by phone or online.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Raton

No down payment, repair or rent-help program on our list is for Raton or Colfax County. The ones below are statewide in New Mexico: they work in Raton the same as in the rest of the state.

Which programs do I qualify for? All programs in New Mexico

  • FirstDown

    Statewide in New Mexico

    New Mexico state agency fixed-rate second mortgage for the down payment and closing costs of first-time buyers, together with the FirstHome mortgage. Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).

    Repayable

    See the program Official page

  • HomeNow

    Statewide in New Mexico

    New Mexico state agency fixed $7,000 second mortgage for the down payment and closing costs of low-income first-time buyers; no monthly payments and forgivable after 10 years. Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).

    Forgivable

    See the program Official page

  • FirstDown Plus

    Statewide in New Mexico

    New Mexico state agency fixed $10,000 third loan at 0%, for the down payment only, added to FirstDown or HomeNow; repaid in monthly installments over 15 years. Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).

    Repayable

    See the program Official page

Housing counselors near Raton

The HUD-approved agencies closest to the center of Raton, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Homewise, Inc.

    1301 Siler Rd, Santa Fe · 121 miles away · Spanish

    • Budget and credit workshops
    • Pre-purchase counseling
    • and 1 more
    (505) 983-9473

  • Southwest Neighborhood Housing Services, Inc.

    6301 4th St NW Ste 5, Los Ranchos · 172 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (505) 243-5511

  • Homewise, Inc.

    500 2nd St. SW, Albuquerque · 176 miles away · Spanish

    Also serves in American Sign Language (ASL).

    • Budget and credit workshops
    • Pre-purchase counseling
    • and 1 more
    (505) 243-6566

All counseling agencies in New Mexico

Help in Spanish near Raton

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Raton

In HUD’s record, no housing authority with an office in Colfax County is named for Raton or Colfax County.

One other authority has an office in Colfax County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Raton, with the typical home value.

Everything about Colfax County Housing in New Mexico

Neighboring counties

If Colfax County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Raton.

All guides
A father smiles as he carries his baby on his shoulders outdoors.

Questions

Housing questions about Raton

Short answers with the numbers for Raton and all of Colfax County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Raton?

The typical home value in Raton is $134,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Colfax County it is $167,200.

How much does it cost to rent in Raton?

Typical rent in Raton is $741 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Colfax County is $1,014.

What is the FHA loan limit in Raton?

Raton uses the FHA limit for all of Colfax County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Raton?

The typical homeowner in Raton pays $719 a year, according to the U.S. Census Bureau. That is 0.54% of the home’s value; in Colfax County, the rate is 0.52%.

Where can I find free help to buy or rent in Raton?

We found no HUD-approved counseling agencies with an office in Colfax County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).