Housing in Columbus

A typical Columbus home is worth roughly $106,000

Typical home value

$106K

NM $318K

Estimate

2-bedroom rent

$970

a month, utilities in · HUD

Median tax bill

$482

NM $1,731

What kind of housing town is Columbus?

Read from the numbers below. The page puts what stands out first.

Your money goes further67% below the New Mexico typical home.

★ What stands out · Affordability

A typical home costs 4 years of income

Less than across New Mexico (5 years). Try your own numbers below.

You could afford about

$108,000

Typical Columbus home $106K

That covers a typical Columbus home, with $2K to spare.

The typical home, each month

$590

Loan $520Tax $40Insurance $30

A two-bedroom rents for about $970 a month here, $380 more than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Columbus’s typical property tax (0.46% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $970

Renters already here pay a median of $414, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$670

1 bedroom$780

2 bedrooms$970

3 bedrooms$1,280

4 bedrooms$1,530

46%

of households rent · NM 30%

134

renter households

39%

of renters spend 30%+ of income on rent · NM 50%

45%

of the median income, for a two-bedroom

$414

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Luna County, NM): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

54% of Columbus households own their home

Half of Columbus’s homes were built before 1986.

Owners and renters

Own 54%Rent 46%

New Mexico: 70% own.

1986

typical home built · NM 1985

$482

median property tax bill · NM $1,731

0.46%

of a home’s value, a year in tax · NM 0.70%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Neighbors talk housing

What Columbus buyers, sellers and renters are saying.

Town Square →

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Is Columbus still affordable for young families?

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Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.