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Raton city, NM

ZIP 87740 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87740

Median Home Value
$157,000
Median Rent
$578
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,009/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

22.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 87740 in Raton city, NM, a household would need roughly $43,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,009. That sits below the local median household income ($52,856), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
72.6%+11% vs US avg
x
Vacancy Rate
17.4%+69% vs US avg
x
Broadband Access
75.4%-13% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
7.1%-45% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
22.5%-55% vs US avg
x
Mortgage-Free
55.3%+45% vs US avg
x
$157,000
Home Value
$578
Rent
1963
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached72.9%
  • 1-unit attached2.1%
  • 2-9 units6.7%
  • 10+ units1.7%
  • Mobile home & other16.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$157,000
Median rent$578
Owner-occupied72.6%
Vacant17.4%
Price-to-income3.0x
Est. income to buy$43,000