Mortgage payment estimates, closing cost breakdowns, and homebuying data for Raton, New Mexico.
Pre-filled with Raton median home price and New Mexico tax/insurance rates. Adjust for your property.
Estimated closing costs based on New Mexico rates and fees applied to Raton prices.
The median home price in Raton is $135,000, 52% below the New Mexico state median of $280,000. With a population of 6,180, Raton is a smaller market where home prices tend to be more accessible than in many parts of New Mexico.
Property taxes in New Mexico average 0.8% annually. This moderate property tax rate means a $135,000 home in Raton would carry roughly $90/month in property taxes. Homeowners insurance in New Mexico runs approximately $1,900 per year. This is within the normal range nationally.
Average rent in Raton is $680/month. The price-to-rent ratio in Raton is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Raton offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with New Mexico's MFA First Home program.