Colfax County, NM Housing

Colfax, NM County is an area with a thriving housing market. The median house value in the county is $222,100, which is lower than the US house median of $338,100. However, what makes Colfax so attractive to potential homeowners is that in the last year alone house appreciation has been at 9.54%, higher than the national rate of 8.27%. With such great growth in the housing market, this county offers a great opportunity for those looking to make an investment in real estate.

The median home cost in Colfax County is $222,100. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Colfax County is up 12.5%.

Average Age of Homes

- The median age of Colfax County real estate is 39 years old

The Rental Market in Colfax County

- Renters make up 17.3% of the Colfax County population
- 2.2% of houses and apartments in Colfax County, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Colfax, New Mexico	United States
	9,583.0	139,647,020.0
	44	42
	$222,100	$338,100
	12.5%	16.6%
	43.0%	57.0%
	56.6%	101.1%
	$5.89	$10.98
	$738	$2,690
	41.4%	57.4%
	41.2%	11.2%
	17.4%	31.4%
Vacant Housing
	2.2%	1.9%
	0.0%	0.4%
	1.6%	0.7%
	0.4%	0.4%
	28.6%	3.6%
	8.4%	4.1%
Value of Owner-Occupied Housing
	4.2%	2.6%
	2.2%	2.4%
	11.1%	2.8%
	12.3%	3.9%
	12.0%	4.5%
	16.4%	11.3%
	11.5%	13.0%
	12.7%	20.1%
	7.5%	13.6%
	3.9%	8.3%
	2.3%	9.7%
	2.8%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.8%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.3%	13.6%
	13.3%	13.6%
	13.8%	13.6%
	15.4%	13.2%
	16.9%	14.8%
	13.8%	13.6%
	9.2%	10.0%
	6.4%	4.7%
	15.7%	12.2%

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