Market Overview
Home Prices in Raton, NM
The median home value in Raton, NM is $159,510 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and up 15.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Raton are priced61% below average.
Over the past five years, Raton home values have risen by approximately25.4%, reflecting strong long-term appreciation in this market.
Price History
Raton Home Price Trend
2020
$107,175
$107K
—
2021
$127,176
$127K
+18.7%
2022
$132,801
$133K
+4.4%
2023
$132,445
$132K
-0.3%
2024
$133,197
$133K
+0.6%
2025
$153,293
$153K
+15.1%
2026
$159,510
$160K
+4.1%
City Comparison
Raton vs. National Median
🏠 Raton
$159,510
National Median
$410,000
At $159,510, homes in Raton cost 61% below the national median of $410,000. This makes Raton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Raton?
20% Down Payment
$31,902
on $159,510
Monthly P&I
$832/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,057/mo
incl. taxes & insurance
Income Needed
$42,280
gross annual (30% rule)
10% Down Option
$15,951
+ PMI applies
Loan Amount (20% dn)
$127,608
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Raton, NM?
The median home value in Raton is $159,510 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Raton?
Over the past year, home values in Raton have increased by 4.1%. Over five years, prices have risen approximately 25.4%.
How much do I need to earn to buy a home in Raton?
To comfortably afford the median home price of $159,510 with a 20% down payment ($31,902) at today's rates (6.8%), you'd need a gross annual income of approximately $42,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Raton compare to the national average home price?
The national median home value is approximately $410,000. At $159,510, homes in Raton are 61% below the national average.