Home values, rents and more in ZIP code 87740 (Raton, NM)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 87740 in ProMap- Under $160k
- $160k–$270k
- $270k–$410k
- $410k–$470k
- $470k+
- No data
How 87740 compares
The typical home in ZIP code 87740 (Raton, NM) is worth about $154,000, according to the Zillow Home Value Index for September 2026. Home values in 87740 are 51% below the typical value in New Mexico ($316,000) and 58% below the U.S. typical value ($366,000).
Over the past year, home values in 87740 rose 5.6%, compared with +1.7% in New Mexico and +1.2% nationally.
The median household income is $52,815, against $64,059 in New Mexico and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 7,078 people live in 87740 (American Community Survey 2020–24).
87740 has the 14th-lowest typical home value of the 152 ZIP codes in New Mexico with Zillow figures.
Part of: Raton, NM · Colfax County, NM · New Mexico
More for 87740 in ProMap Plus
These measures are on the map for subscribers. Open ProMap to see them for 87740 and every other place.
- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Zillow 12-month price forecast
- Crime rates
- School test scores
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby ZIP codes
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.