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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Raton, NM Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Raton, NM Housing Market Trends

With a population of 5,974, 2,843 total housing units (homes and apartments), and a median house value of $204,685, house prices in Raton are solidly below the national average.

Single-family detached homes are the single most common housing type in Raton, accounting for 72.76% of the city's housing units. Other types of housing that are prevalent in Raton include mobile homes or trailers ( 14.75%), duplexes, homes converted to apartments or other small apartment buildings ( 5.66%), and a few large apartment complexes or high rise apartments ( 5.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Raton. Owner-occupied housing accounts for 66.48% of Raton's homes, and 55.17% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Raton's housing was primarily built during this period, from the '40s through the '60s. A full 41.49% of the city's housing hails from this era. Other housing ages represented in Raton include homes built between 1970-1999 ( 27.98%) and housing constructed before 1939 ( 21.62%). There's also some housing in Raton built between 2000 and later ( 8.91%).

Vacant housing appears to be an issue in Raton. Fully 15.81% of the housing stock is classified as vacant. Left unchecked, vacant Raton homes and apartments can be a drag on the real estate market, holding Raton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Raton Home Appreciation Rates

Raton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Raton during the period has been just 5.50%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Raton's appreciation rate, at 6.32%, has been at or slightly above the national average. In the latest quarter, Raton's appreciation rate has been 3.18%, which annualizes to a rate of 13.34%.

Importantly, this makes Raton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to New Mexico, our data show that Raton's latest annual appreciation rate is higher than 50% of the other cities and towns in New Mexico.

Average Home Values

Median Home Value

$204,685

Raton, NM Home Prices
> $1,372,000
$1,029,001 - $1,372,000
$686,001 - $1,029,000
$549,001 - $686,000
$411,001 - $549,000
$274,001 - $411,000
$137,001 - $274,000
$68,001 - $137,000
$0 - $68,000
1.8%
1.8%
0.0%
0.0%
2.0%
2.0%
1.8%
1.8%
5.2%
5.2%
14.6%
14.6%
41.1%
41.1%
25.1%
25.1%
8.4%
8.4%
0% 100.0%
% of Homes
Average

for New mexico

Low

for nation

Number of Homes And Apartments:

2,843

Raton Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,105 / per month

Homeownership Rate

Owners
Renters
66.5%
66.5%
33.5%
33.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.8%
15.8%
84.2%
84.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.9%
8.9%
28.0%
28.0%
41.5%
41.5%
21.6%
21.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.8%
72.8%
1.5%
1.5%
5.7%
5.7%
5.3%
5.3%
14.7%
14.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.7%
2.7%
12.1%
12.1%
28.0%
28.0%
48.5%
48.5%
6.7%
6.7%
2.1%
2.1%
0% 100.0%
% of Homes

Popular Neighborhoods in Raton

Popular Communities Near Raton, NM

Zip Codes in Raton, NM