| State: | NM |
| Type: | SR |
| Route: | 127 |
| Map Custom: | yes |
| Map Notes: | NM 127 highlighted in red |
| Length Mi: | 3.530 |
| Length Ref: | [1] |
| Direction A: | East |
| Terminus A: | in Eagle Nest |
| Direction B: | West |
| Terminus B: | End of state maintenance by Idlewild |
| Counties: | Colfax |
| Previous Type: | NM |
| Previous Route: | 126 |
| Next Type: | NM |
| Next Route: | 128 |
State Road 127 (NM 127) is a 3.5adj=midNaNadj=mid state highway in the US state of New Mexico. NM 127's eastern terminus is at U.S. Route 64 (US 64) in Eagle Nest, and the western terminus is at the end of state maintenance near Idlewild.