HomeNew MexicoColfax County
Colfax County, New Mexico: commercial real estate data.
Colfax County, New Mexico had an estimated 12,307 residents on July 1, 2024, down 0.6 percent since the 2020 census base of 12,383, across 3,758 square miles. County output reached $623.5 m in 2024, 372 establishments operate here, and the SBA record carries 6 7(a) approvals worth $3.5 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Colfax County
How many people live in Colfax County
- Population, American Community Survey 2020-202412,322
- Households5,368
- Average household size2.30
- Median household income$53,554
- Median age49.1
- Median gross rent$729 per month
- Median owner-occupied home value$167,200
- Home value to household income3.1 times
- Annual rent as a share of median income16.3 percent
- Adults 25 and over with a bachelor degree or higher25.4 percent
- Adults 25 and over with a graduate degree9.2 percent
- Adults 25 and over9,281
- Population under 182,160
- Share under 1817.5 percent
- Population 65 and over3,549
- Share 65 and over28.8 percent
- Working age population, 18 to 646,613
- Civilian labor force5,032
- Unemployment rate3.8 percent
- Labor force participation, adults 18 and over49.5 percent
- Rank by population among New Mexico counties24th of 33
- Rank by population among US county-equivalents, Puerto Rico included2335th of 3,222
Colfax County is the 24th largest of 33 New Mexico counties by population. A median home costs 3.1 times median household income, which is moderately unaffordable by national standards. Residents 65 and over outnumber those under 18, at 28.8 percent against 17.5 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Colfax County
Is Colfax County's population growing?
- Population, July 1, 202412,307
- Census 2020 base population12,383
- Population change since the 2020 census base-0.61 percent
- Population change, 2023 to 2024-5
- Births, 202492
- Deaths, 2024173
- Natural change, 2024-81
- Net domestic migration, 2024-2
- Net international migration, 202477
- Total net migration, 202475
- Cumulative net domestic migration, 2021 to 2024166
- Rank by growth among US county-equivalents2060th of 3,144
The county has lost 0.61 percent of its population since the 2020 census base. Deaths exceeded births in 2024 by more than net migration added, so the population fell even though more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Colfax County
Where are people moving to Colfax County from?
- Tax returns filed by households arriving350
- People arriving, from those returns581
- Tax returns filed by households leaving309
- Net household movement41
- Adjusted gross income arriving$25.4 m
- Net adjusted gross income movement$6.7 m
- Average income of an arriving household$72,569
- Average income of a leaving household$60,508
- Largest single originBernalillo County (30 households)
- Largest single destinationBernalillo County (32 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Bernalillo County | 30 | 46 | $2.6 m |
Households arriving report $12,061 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Bernalillo County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Colfax County
What is the Colfax County economy?
- County GDP, 2024$623.5 m
- County GDP, 2023$608.6 m
- GDP change, 2023 to 20242.4 percent
- GDP change over five years34.8 percent
- Rank by GDP among the New Mexico areas BEA publishes24th of 33
- Rank by GDP among the US county areas BEA publishes2244th of 3,127
- GDP per resident$50,599
Output grew 2.4 percent in the latest year and 34.8 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Colfax County
Employment by industry in Colfax County
- Covered employment, annual average4,287
- Establishments reporting550
- Average annual pay$44,087
- Average weekly wage$848
- Accommodation and food services, employment1,330
- Accommodation and food services, average annual pay$30,725
- Retail trade, employment528
- Retail trade, average annual pay$34,137
- Manufacturing, employment135
- Manufacturing, average annual pay$48,939
- Construction, employment131
- Construction, average annual pay$42,564
- Professional, scientific and technical services, employment94
- Other services, except public administration, employment93
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Accommodation and food services | 1,330 | 61 | $30,725 |
| Retail trade | 528 | 66 | $34,137 |
| Manufacturing | 135 | 12 | $48,939 |
| Construction | 131 | 44 | $42,564 |
| Professional, scientific and technical services | 94 | 48 | $58,249 |
| Other services, except public administration | 93 | 26 | $37,990 |
| Finance and insurance | 69 | 16 | $50,929 |
| Wholesale trade | 67 | 12 | $50,347 |
Accommodation and food services is the largest private sector at 1,330 jobs, 31.0 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Colfax County
How many businesses are in Colfax County?
- Establishments, all industries372
- Employment at those establishments3,329
- Annual payroll$122.3 m
- Establishments per 1,000 residents30.2
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Colfax County
SBA loans in Colfax County (7(a) and 504)
- 7(a) approvals recorded6
- 7(a) gross approval dollars$3.5 m
- Average 7(a) approval$585,833
- Median 7(a) approval$497,500
- Largest single approval$1,450,000
- Jobs reported supported, 7(a)26
- Jobs per approval4.3
- Distinct 7(a) lenders active5
- Distinct industries receiving approvals6
- Median 7(a) term180 months
- Share of loans on real estate terms, 240 months or longer50.0 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter3
- Franchise loans1
- Franchise share of approvals16.7 percent
- 504 approvals recorded3
- 504 gross approval dollars$361,000
- Average 504 approval$120,333
- Median 504 approval$120,000
- Distinct CDCs active3
- 504 jobs per approval4.0
- 504 jobs per million dollars approved33.2
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$3.9 m
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Colfax County
SBA loan default and charge-off rates in Colfax County
Do SBA loans in Colfax County get paid back?
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Exempt from disclosure5
- Status: Paid in full1
Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Colfax County
SBA lending by place in Colfax County
- Borrower cities with recorded lending4
- Raton, approvals3
- Eagle Nest, approvals1
- Maxwell, approvals1
- Angel Fire, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Raton | 3 | $2,640,000 |
| Eagle Nest | 1 | $435,000 |
| Maxwell | 1 | $325,000 |
| Angel Fire | 1 | $115,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Colfax County
How large is Colfax County?
- Land area3,758 sq mi
- Rank by land area among New Mexico counties17th of 33
- Width, east to west76 mi
- Height, north to south53.7 mi
- Geographies sharing a boundary6
- Residents per square mile of land3
- Establishments per square mile0.10
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Colfax County
Flood risk in Colfax County
- Participation of the county's own NFIP community Colfax County, unincorporated areasParticipating, community 350126
- Communities in the county in the NFIP Community Status Book7
- Of those, participating in the NFIP6
- NFIP participation rate85.7 percent
- Communities carrying a CRS class0
- Radon levels in Colfax County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Colfax County (community 350126), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Colfax County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 85.7 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Colfax County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Colfax County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202412,322
- Households5,368
- Average household size2.30
- Median household income$53,554
- Median age49.1
Common questions
Colfax County questions, answered from the record.
How many people live in Colfax County, New Mexico?
The Census Bureau estimates 12,307 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 12,322, in 5,368 households, ranking 24th of 33 New Mexico counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Colfax County's population growing?
The population has fallen 0.61 percent since the 2020 census base of 12,383, to 12,307 on July 1, 2024. In 2024 there were 92 births against 173 deaths, with net migration of 75. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Colfax County?
$53,554. The median owner-occupied home is valued at $167,200, which is 3.1 times income, and median gross rent is $729 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Colfax County?
372 establishments, employing 3,329 people with an annual payroll of $122.3 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Colfax County?
Accommodation and food services is the largest private sector at 1,330 jobs, 31.0 percent of covered employment. Covered employment averages 4,287 jobs at an average annual pay of $44,087, or $848 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Colfax County?
6 7(a) approvals totaling $3.5 m since FY2020, across 5 lenders, with a median approval of $497,500, plus 3 504 approvals worth $361,000 since FY2010. These are approvals recorded in the release, not loans disbursed.
What is the radon zone for Colfax County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Colfax County come from?
The largest single origin is Bernalillo County, with 30 households. Arriving households report an average income of $72,569 against $60,508 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Colfax County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Colfax County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Colfax County
Cities and places in Colfax.
7 Census places lie wholly or partly in Colfax County. All 7 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Raton | city | 6,026 | 3 | Wholly in this county |
| Angel Fire | village | 1,111 | 1 | Wholly in this county |
| Springer | town | 1,017 | None recorded | Wholly in this county |
| Cimarron | village | 701 | None recorded | Wholly in this county |
| Eagle Nest | village | 451 | 1 | Wholly in this county |
| Maxwell | village | 331 | 1 | Wholly in this county |
| Ute Park | CDP | 0 | None recorded | Wholly in this county |