Hagerman is located in southeast New Mexico. Hagerman is part of Chaves County. Hagerman has 1.38 square miles of land area and 0.00 square miles of water area. As of 2010-2014, the total Hagerman population is 1,158, which has shrunk 0.86% since 2000. The population growth rate is much lower than the state average rate of 14.35% and is much lower than the national average rate of 11.61%. Hagerman median household income is $34,474 in 2010-2014 and has grown by 47.99% since 2000. The income growth rate is much higher than the state average rate of 31.74% and is much higher than the national average rate of 27.36%. Hagerman median house value is $60,000 in 2010-2014 and has grown by 55.44% since 2000. The house value growth rate is higher than the state average rate of 47.36% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Hagerman is close to the state average in quality. The Hagerman area code is 575.