PlainZIP

Raton, NM · standard

ZIP Code 87740

Colfax County, New Mexico - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

8,068
3/sq mi
$52,815
Median income
$153,100
Median home value
20.6%
Bachelor's or higher

The verdict

Raton pairs one of the lowest household incomes in the country with below-median home values, in a rural, homeowner-dominated area.

18th pct
household income, US ZIPs
26th pct
home value, US ZIPs
3
people per sq mi
71%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 87740 against every reporting US ZIP.

ZIP code 87740 is a mid-sized community (a standard USPS delivery area) in Raton, Colfax County, New Mexico, home to 8,068 residents across 3103.1 square miles, a density of 3 people per square mile, in the Denver time zone.

ZIP 87740 reports a modest median household income of $52,815 (11% below the New Mexico average), while per-capita income is $29,861. The poverty rate stands at 22.4% and the unemployment rate at 3.9%. On housing, the median home value is $153,100 (29% below the state average) with median rent at $746 per month, and 71.1% of occupied units are owner-occupied.

Educational attainment sits below the national norm: 20.6% of adults hold a bachelor's degree or higher, the median age is 45.7, and the average commute is -. Compare these figures to the New Mexico and national benchmarks above rather than reading 87740's numbers in isolation.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Top industries in ZIP 87740

Top 5 sectors by establishment count in Raton, NM

Which industries have the most business establishments in ZIP 87740.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 87740, Raton, NM · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

8,068

Population

3103.1

Area (sq mi)

3

People / sq mi

Denver

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 87740?

45.7

Median Age

49.5%

Male

50.5%

Female

2.5%

Foreign-Born

White 59.6%
African American 0.6%
Asian 0.4%
American Indian or Alaska Native 2.5%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 25.6%
Hispanic or Latino 54.7%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$52,815

Median Household Income

-11% vs state

$29,861

Per Capita Income

22.4%

Poverty Rate

3.9%

Unemployment Rate

How ZIP 87740 ranks nationally

Raton, NM household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$52,815 18th percentile higher than 18% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). This entry sits in this band. $60,000–$80,000: 9,980 US ZIPs (33%). Above this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 58.6%
Bachelor's Degree or Higher 20.6%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

3,862

Total Housing Units

3,123

Occupied Units

739

Vacant Units

2.20

Avg Household Size

Occupancy Type

Owner 71.1%
Renter 28.9%

$153,100

Median Home Value

-29% vs state

$746

Median Rent

1962

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How have home values changed over time?

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+5.5%

YoY Change (2024)

218

HPI Index (2000 = 100)

+118%

Total Change Since 2000

Home values in ZIP 87740 have increased 5.5% over the past year (2024). Since 2000, this ZIP has seen +118% cumulative appreciation.

Year Annual Change HPI Index
2020 +7.7% 151
2021 +13.1% 171
2022 +16.8% 199
2023 +3.5% 206
2024 +5.5% 218

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 183 business establishments in ZIP 87740, employing approximately 1,745 people with a combined annual payroll of $67,476,000.

183

Businesses

1,745

Employees

$67.5M

Annual Payroll

14

Industry Sectors

Industry Establishments % of Total
Retail trade 39 21.3%
Accommodation and food services 33 18.0%
Other services (except public administration) 19 10.4%
Health care and social assistance 18 9.8%
Finance and insurance 14 7.7%
Construction 12 6.6%
Professional, scientific, and technical services 12 6.6%
Manufacturing 7 3.8%
Real estate and rental and leasing 5 2.7%
Administrative and support and waste management and remediation services 5 2.7%
Arts, entertainment, and recreation 5 2.7%
Mining, quarrying, and oil and gas extraction 4 2.2%
Information 4 2.2%
Transportation and warehousing 3 1.6%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

More ZIP Codes in Colfax County

87710 standard
Angel Fire, NM
Pop: 1,768
87747 standard
Springer, NM
Pop: 1,624
87714 standard
Cimarron, NM
Pop: 1,151
87718 standard
Eagle Nest, NM
Pop: 467
87728 standard
Maxwell, NM
Pop: 417
87729 standard
Miami, NM
Pop: 126

Related Areas

Colfax County Raton, NM New Mexico

Frequently Asked Questions

What county is ZIP code 87740 in? ▼
ZIP code 87740 (Raton) is located in Colfax County, New Mexico. Colfax County contains multiple ZIP codes, see the full list at /counties/colfax-nm.
What is the population of ZIP code 87740? ▼
ZIP code 87740 in Raton, NM has a population of 8,068 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 87740? ▼
The median household income in ZIP 87740 is $52,815, which is 31% below the national average of $76,288.
What is the average home value in ZIP 87740? ▼
The median home value in ZIP 87740 is $153,100, which is 45% below the national average of $278,155.
What is the demographic makeup of ZIP 87740? ▼
The largest racial group in ZIP 87740 is White at 59.6%. Hispanic or Latino residents make up 54.7% of the population.
How many businesses are in ZIP code 87740? ▼
ZIP code 87740 has 183 business establishments employing approximately 1,745 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 87740? ▼
The top industries by establishment count in ZIP 87740 are: Retail trade (39), Accommodation and food services (33), Other services (except public administration) (19). There are 14 industry sectors represented in total.
How have home values changed in ZIP code 87740? ▼
According to the FHFA House Price Index, home values in ZIP 87740 increased by 5.5% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 118%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 87740? ▼
In ZIP code 87740, 58.6% of residents aged 25+ have a high school diploma or higher, and 20.6% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 87740? ▼
In ZIP code 87740, approximately 71.1% of occupied housing units are owner-occupied and 28.9% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 87740? ▼
The poverty rate in ZIP code 87740 is 22.4% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.