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El Duende

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

Median Home$238,383
Median Rent$960/month
Population537
Leading IndustriesHealthcare · Wholesale Trade · Arts, Food & Hospitality19% healthcare
Home Value Growth⬆⬆+15.7% over 2 years
Young Adults26% of residents
Homeowners80% of occupied units
El Duende
NM

Frequently Asked Questions

What are today's mortgage rates in El Duende?

As of today, the 30-year fixed mortgage rate for El Duende is approximately 6.995% (7.035% 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 El Duende?

The median home value in El Duende is $238k. The median monthly rent is $960. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in El Duende?

Home values in El Duende have increased 15.7% 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 El Duende?

Based on a typical all-in ownership cost of $496/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in El Duende is $59k/year.

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What industries drive the economy in El Duende?

The largest employment sectors in El Duende are healthcare (19%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.