Home Insurance in Eagle Nest, New Mexico
The median home value in Eagle Nest is $301,200, 80% higher than the Colfax County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Eagle Nest was built around 1983. About 24% of homes were built before 1960, about 6 points below Colfax County's 30%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Eagle Nest is 76% single-family homes and 20% mobile or manufactured homes.
About 23% of owner-occupied homes in Eagle Nest have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Eagle Nest has an owner-occupancy rate of 84% and a vacancy rate of 55%; unoccupied homes typically need a different coverage form.
Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Eagle Nest, 59% of homes are primarily heated with propane.
What's the biggest home insurance risk near Eagle Nest? FEMA's National Risk Index points to wildfire (Relatively Moderate) in Colfax County and Colfax County had 22 active NFIP flood policies as of September 2026. See the full Colfax County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in New Mexico is $1,490 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $301,200 |
|---|---|
| Median year built | 1983 |
| Owner-occupied share | 84% |
| Share of owner-occupied homes with a mortgage | 23% |
| Top county hazard | Wildfire (Relatively Moderate) |
| Active NFIP policies in Colfax County | 22 |
| Home insurance premium | $1,490 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)