Hagerman, NM
Population 599 · New Mexico
About Hagerman, NM
Hagerman is a small community located in New Mexico with a population of 599 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,750 per year, which is 9% below the national median of $75,149. The median age of 44.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Hagerman features a median home value of $72,900, which is 70% below the national median of $244,900. This makes Hagerman one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $640, 45% below the national average of $1,163/month. Of the 305 total housing units, 84% are owner-occupied (186 units) and 16% are renter-occupied (35 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hagerman shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hagerman have an average one-way commute time of 23.5 minutes.
Education & Demographics
9.4% of Hagerman residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 69.1% White, 9.5% Hispanic or Latino, 0.0% Black or African American, and 5.8% Asian residents, with 14.4% of the population being foreign-born.
How Hagerman Ranks in New Mexico
Cost of Living in Hagerman, NM
Compared to national averages, Hagerman has a median household income of $68,750 (9% below the national median of $75,149). Home values average $72,900, which is 70% below the national median. Monthly rent at $640 is 45% below the US average of $1,163. Within New Mexico, Hagerman's income is 2% above the state average of $67,435, and home values are 69% below the state median of $233,762.
Why Live in Hagerman, NM?
Hagerman offers affordable housing with a median home value of $72,900, below the US average of $244,900, and rent that’s lower than the national average at $640/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 10.4%, better than the national average, and short commute times averaging just 23.5 minutes.
Potential considerations include median household income ($68,750) that falls below the national average. However, Hagerman’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hagerman has a population of 599 with a median age of 44.2 years. Compare Hagerman with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Hagerman
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Williamsburg | 599 | $36,023 | $75,200 | Compare |
| Chamberino | 601 | $60,694 | $195,800 | Compare |
| Cuartelez | 594 | $0 | $372,600 | Compare |
| Torreon CDP (Sandoval County), New Mexico | 594 | $0 | $0 | Compare |
| Encinal | 591 | $0 | $0 | Compare |
| Sedillo | 610 | $139,375 | $463,500 | Compare |
| White Cliffs | 610 | $93,095 | $0 | Compare |
| Wagon Mound | 587 | $41,823 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hagerman With Other Cities
Frequently Asked Questions about Hagerman
What is the population of Hagerman, NM?
The population of Hagerman, NM is 599 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New Mexico.
What is the median household income in Hagerman?
The median household income in Hagerman, NM is $68,750 per year, which is 9% below the national median of $75,149.
What is the median home value in Hagerman?
The median home value in Hagerman, NM is $72,900, which is 70% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hagerman?
The median monthly rent in Hagerman, NM is $640, which is 45% below the national average of $1,163/month.
What is the unemployment rate in Hagerman?
The unemployment rate in Hagerman, NM is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hagerman, NM a good place to live?
Hagerman offers a moderate cost of living, affordable housing, and a strong job market. With a population of 599 and a median age of 44.2, the city appeals to a broad range of residents.
How educated is Hagerman, NM?
9.4% of residents in Hagerman aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hagerman?
Key cost-of-living indicators for Hagerman, NM: median home value is $72,900 (70% below national), median rent is $640/month, and median household income is $68,750. The home-value-to-income ratio is 1.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hagerman?
The poverty rate in Hagerman, NM is 10.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hagerman, NM?
Hagerman's population is 69.1% White, 9.5% Hispanic or Latino, 0.0% Black or African American, 5.8% Asian, and 0.0% two or more races. 14.4% of residents are foreign-born.