Logo Colfax County Fair Market Rent FY 2024 Colfax County, NM Rental Data

Fair Market Rent Prices in Colfax County, NM :
$760 $781 $877 $1,158 $1,372
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Colfax County are average compared to the national average. This FMR area is more expensive than 50% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Colfax County is $877 per month.

The previous year, rent for a two-bedroom home was $795 per month. This is a 10.31% increase year-over-year.

This FMR rate applies to Eagle Nest, NM, Maxwell, NM, Miami, NM, Gladstone, NM, Ute Park, NM, Wagon Mound, NM, Capulin, NM, Folsom, NM, Cimarron, NM, Springer, NM and other cities within the region. The Metro Code or CBSA code for this region is NCNTY35007N35007.

Additionally, This Fair Market Rent (FMR) area Colfax County, NM spans one county or city in New Mexico which is listed in the table below. Estimated population of Colfax County, NM FMR area is 12,106 people based on latest Census data.

Compared to the rest of New Mexico, the Colfax County FMR area is more expensive than 58% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Colfax County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Colfax County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 760
1-BR 1-Bedroom $ 781
2-BR 2-Bedroom $ 877
3-BR 3-Bedroom $ 1158
4-BR 4-Bedroom $ 1372
Change Year:

There is just one county (listed below) within the Colfax County, NM FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Albuquerque - Santa Fe and Amarillo.

County / Region Est. Population
Colfax County, NM 12,106
Zip Codes in Colfax County, NM

There are 12 unique zip codes in this Fair Market Rent (FMR) area:

87710, 87714, 87718, 87728, 87729, 87740, 87747, 87749, 87752, 88414, 88419 and 88422

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