Housing in Springer

A typical Springer home is worth roughly $87,000

Typical home value

$87K

NM $318K

Estimate

2-bedroom rent

$970

a month, utilities in · HUD

Median tax bill

$821

NM $1,731

What kind of housing town is Springer?

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

Your money goes further73% below the New Mexico typical home.A high tax rateAbout 0.94% of a home’s value a year, vs 0.70% across New Mexico.

★ What stands out · Affordability

A typical home costs 1.7 years of income

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

You could afford about

$193,000

Typical Springer home $87K

That covers a typical Springer home, with $106K to spare.

The typical home, each month

$520

Loan $430Tax $70Insurance $30

A two-bedroom rents for about $970 a month here, $450 more than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Springer’s typical property tax (0.94% 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 $501, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$730

1 bedroom$890

2 bedrooms$970

3 bedrooms$1,300

4 bedrooms$1,570

29%

of households rent · NM 30%

127

renter households

53%

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

23%

of the median income, for a two-bedroom

$501

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Colfax 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

1 of Springer’s houses are on the National Register

Half of Springer’s homes were built before 1958.

History →

Owners and renters

Own 71%Rent 29%

New Mexico: 70% own.

1958

typical home built · NM 1985

$821

median property tax bill · NM $1,731

0.94%

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

of homes are seasonal or vacation homes

Historic houses in Springer

Mills HouseBuilt 1877

U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.

Neighbors talk housing

What Springer buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Springer still affordable for young families?

Your answer becomes a post in Town Square.

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. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.