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Magdalena

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

Median Home$105,700
Median Rent$588/month
Population778
Leading IndustriesAgriculture & Mining · Construction · Manufacturing32% agriculture & mining
Home Value Growth⬆⬆+17.4% over 2 years
Retirees43% of residentstop 1% nationally
Homeowners80% of occupied units
NotableAffordable Market$106k median home · lower cost than 90% of the country
Magdalena
NM

Frequently Asked Questions

What are today's mortgage rates in Magdalena?

As of today, the 30-year fixed mortgage rate for Magdalena is approximately 6.988% (7.030% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Magdalena
What is the median home price in Magdalena?

The median home value in Magdalena is $106k. The median monthly rent is $588. Annual property taxes average $696. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Magdalena?

Home values in Magdalena have increased 17.4% 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.

What industries drive the economy in Magdalena?

The largest employment sectors in Magdalena are agriculture and mining (32%) and construction (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.