Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Magdalena area can be challenging. Home prices in Magdalena are now at a median cost of $54,554, lower than the New Mexico average of $199,923.
The average cost of rent is $763/mo in Magdalena, primarily driven by the current value of real estate in the Magdalena area. While nearly 90.88% of residents own their homes outright in Magdalena, 17.53% rent.
Housing affordability isn’t just about home prices, though. The average household income in Magdalena is $2,145 per month. Households that rent pay about 35.58% of their income on rent here. Magdalena's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- San Acacia, NM: higher priced homes
- Polvadera, NM: higher priced homes
- Lemitar, NM: higher priced homes
- La Joya, NM: higher priced homes
- Pie Town, NM: higher priced homes
- Quemado, NM: higher priced homes
- Claunch, NM: higher priced homes
- Red Hill, NM: higher priced homes
- Escudilla Bonita, NM: higher priced homes
- Corona, NM: higher priced homes
Cities with Similar Populations
- Balcones Heights, TX: higher priced homes
- Trenton, NC: higher priced homes
- Huntsburg, OH: higher priced homes
- Bristolville, OH: higher priced homes
- Thompson Falls, MT: higher priced homes
- Stockton, IL: higher priced homes
- Clarksboro, NJ: higher priced homes
- Freer, TX: higher priced homes
- Steep Falls, ME: higher priced homes
- Mayville, NY: higher priced homes
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