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Nogal

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

Median Home$137,520
Median Rent$633/month
Population103
Leading IndustriesWholesale Trade · Education · Manufacturing15% wholesale trade
Home Value Growth⬆⬆+17.0% over 2 years
Retirees37% of residentstop 2% nationally
Homeowners83% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAffordable Market$138k median home · lower cost than 78% of the country
Nogal
NM

Frequently Asked Questions

What are today's mortgage rates in Nogal?

As of today, the 30-year fixed mortgage rate for Nogal 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 Nogal?

The median home value in Nogal is $138k. The median monthly rent is $633. Annual property taxes average $696. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nogal?

Home values in Nogal have increased 17.0% 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 Nogal?

Based on a typical all-in ownership cost of $587/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nogal is $47k/year.

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What industries drive the economy in Nogal?

The largest employment sectors in Nogal are public administration (22%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.