Interested in purchasing investment houses in the 87825 zip code in Magdalena, NM?
The zip code 87825 is in Socorro county with a latitude of -107.632630000000 and longitude of 33.875610000000, is in the state of New Mexico. The average asking price of houses and condos is $567,179.00 and the average sale price was $50,014.00. this regions is classified as the Albuquerque - Santa Fe metro area and is in the 575 area code. The location in degrees is 33° 52' 32.196" N, 107° 37' 57.468" W. The county F.I.P.S. is 35053. This zip code contains two cities including Alamo, NM (1.41%), and Magdalena, NM (0.24%) The total land area is 2663.1 square miles and the water area is 0.9 square miles. The elevation in this area is 4584 - 9243 feet. The zip code is on mountain standard time and observes daylight savings time.
The zip 87825 is in county number 053 and is L. Sector 00, L. Segment 01, H. Sector 06, and H. Segment 06. The population was 2,284 in 2019 and 2,999 in 2010. This further breaks down to 1,114 males (48.8%) and 1,169 females (51.2%). The median age of residents is 45.4 years. The population density (people per square mile) is 0.858. This zip code has a combined total of 1,400 houses and condos. There are 67 rented appartments. 11% of residents rent versus the 11% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $30,359 and the average salary is $26,429. The median household income of individuals is $25,000.00 and the average is $33,800.00. This zip code has a mean commute time to work of 52.4 minutes. The unemployment rate is 11.2%. Income earners by percent breakdown as 74.80% (Under $50,000), 19.40% ($50,000-$100,000), and 5.70% earn over $100,000. 47.3% of residents live below poverty line versus the 18.2% in the state that are below this line. The cost of living index is 86.6. The educational breakdown is 72.2% have a high school education or higher, 14.6% have a bachelor's degree or higher, and 6.9% have some kind of profesional degree.
This area has 998 households and the average size is 3.8 people. Individuals who are single and have never been married are 54.4%, 29.7% are now married, 0.5% are separated, 7.3% are widowed, and 8.0% are divorced. The average yearly contribution amount given by people to charity was $2,080 versus the state average of $4,195. The percent of residents who gave to charity was 4.5%.
The estimated median value of houses and condos is $65,460. The median monthly owner costs of mortgage holders was $1,016, where as the costs for those who don't have a mortgage are $231. The median number of rooms in houses and condos are 5.3 versus apartments which had a median number of 4.1.
The real estate tax percent rate is 0.7% which equated to an average real estate tax amount payment of $434. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $1,403. The median housing property tax percent for residents with mortgages was 0.4% which amounted to an average tax amount of $693. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.5% which amounted to an average tax amount of $298. Reported taxable interest for persons was $1,439, dividends $2,814, capital gains +$3,314, and itemized deductions $20,913. The average earned income tax credit is $2,821. The percent of individuals that use a tax preparer is 59.5%. The total average income taxes paid by individuals was $4,750. Businesses reported an average profit of $3,864.
Magdalena Cafe
109 Main St, Magdalena, NM 87825
Bear Mtn Coffee House & Gallery
902 First St, Magdalena, NM 87825
High Country Lodge
303 First Street, Magdalena, NM 87825
Kelly's Place Cafe
404 2nd St, Magdalena, NM 87825
M and M Cafe
400 Highway 78n, Magdalena, NM 87825
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