Average Rent in Colfax County, NM↑ Rents rising 4.2% YoY🔻 Cheapest in NM

Colfax County, NM has rental prices ranging from $807/month to $1,590/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $931/month — 33% below the national average of $1,400/month. With a median household income of $52,690/year, spending $931/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Colfax County Compares

With an average 2-bedroom rent of $1,014/month, Colfax County ranks #30 most expensive of the 30 cities tracked in New Mexico — more affordable than 63% of all US cities in our data.

The Colfax County Rental Market

The Colfax County, NM area has a population of about 12,336 and 28% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Colfax County, NM have risen by $41/month (4.2%) over the past year, from $973 to $1,014. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Colfax County, NM without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $37,240. The local median household income of $52,690 exceeds that threshold by $15,450, making Colfax County relatively accessible compared to local wages.

Economy & Jobs

Colfax County, NM has an unemployment rate of 4.9%, 1.0 percentage point above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Is Colfax County, NM Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Colfax County?

Break-even analysis and mortgage estimates based on local market data.

Living in Colfax County

Cost of living, job market, crime rates, and moving cost estimates.