Is Colfax County, NM good for real estate investing?

Colfax County has an investment score of 47/100, rated as "Hold". The county ranks #850 nationally among 1000 counties analyzed.

What is the median home price in Colfax?

The median home price in Colfax County is $240,853. This ranks #394 in affordability among all US counties.

Can you cash flow on rental properties in Colfax?

Based on median values with 20% down at current rates, a typical rental in Colfax County would generate positive cash flow of $0/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Colfax County

New MexicoPopulation: 12,370

/100

Hold

#850 of 1,000 counties

#23 in New Mexico (30 counties)

Market Snapshot

$240,853

Median Home Price

12% below national median

$14,414/mo

Est. Rent

Based on regional data

5.98%

Rent-to-Price Ratio

Estimated from price data

+$0

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score

47/100

Cash Flow(30%)

0/100

Based on 0.00% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

41/100

Based on -1.8% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

52/100

Price-to-income ratio of 5.2x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

No significant strengths identified based on current data.

Challenges

-Declining home values (-1.8% YoY)
-Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
-Limited rent data (estimates used)

Economic Indicators

Population

12,370

Median Income

$46,286

vs $62,400 national est.

Unemployment Rate

—

Data pending

Price-to-Income

5.2x

Less affordable

Compare to Nearby Counties

County					Verdict
Dona AnaNM	52	$285,598	$1,459	6.13%	Hold	View
LunaNM	51	$153,314	Est. pending	—	Hold	View
CurrentColfaxNM	47	$240,853	Est. pending	—	Hold
SierraNM	47	$172,877	Est. pending	—	Hold	View
HidalgoNM	45	$87,347	Est. pending	—	Hold	View
De BacaNM	42	$94,683	Est. pending	—	Avoid	View

The Bottom Line

HoldColfax is a neutral market.

Colfax County in New Mexico scores 47/100, ranking #850 of 1,000 US counties (top 85%).

Monthly Cash Flow

+$0/mo

Cap Rate

0.0%

Cash-on-Cash

0.0%

Ready to Analyze a Deal in Colfax?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

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Score Breakdown

Overall Investment Score

47/100

Cash Flow(30%)

0/100

Based on 0.00% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

41/100

Based on -1.8% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

52/100

Price-to-income ratio of 5.2x. Lower ratios indicate more affordable markets.

County

Verdict

Dona AnaNM

$285,598

$1,459

6.13%

Hold

View

LunaNM

$153,314

Est. pending

—

Hold

View

CurrentColfaxNM

$240,853

Est. pending

—

Hold

SierraNM

$172,877

Est. pending

—

Hold

View

HidalgoNM

$87,347

Est. pending

—

Hold

View

De BacaNM

$94,683

Est. pending

—

Avoid

View