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Affordable
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These days, finding an affordable place to live in the North Colfax Union area can be challenging. Home prices in North Colfax Union are now at a median cost of $273,705, higher than the New Mexico average of $265,486.
The average cost of rent is $691/mo in North Colfax Union, primarily driven by the current value of real estate in the North Colfax Union area. In North Colfax Union, 27.31% of households rent, and 83.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in North Colfax Union is $7,043 per month. Households that rent pay about 9.81% of their income on rent here. North Colfax Union’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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