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Cordova

Learn about the people, housing, costs and businesses in Cordova, New Mexico

Median Home$219,000
Median Rent$903/month
Population356
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare10% professional services
Home Value Growth⬆⬆+15.5% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners84% of occupied units
NotableHighly Educated34% bachelor's · 34% graduate · top 4% nationally
Cordova
NM

Frequently Asked Questions

What are today's mortgage rates in Cordova?

As of today, the 30-year fixed mortgage rate for Cordova is approximately 6.773% (6.805% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Cordova?

The median home value in Cordova is $219k. The median monthly rent is $903. Annual property taxes average $780. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cordova?

Home values in Cordova have increased 15.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cordova?

Based on a typical all-in ownership cost of $625/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cordova is $55k/year.

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What industries drive the economy in Cordova?

The largest employment sectors in Cordova are healthcare (30%) and arts, food, and hospitality (29%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.