Alamogordo, NM—88310
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alamogordo, NM
As of Oct '25, the median home price in Alamogordo, NM is $217,000, with a year-over-year change of 4.7%. This indicates that home prices in Alamogordo, NM are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $217,000 | 4.7% |
| Single Family | $217,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $104,000 | -5.5% |
2 Bed | $120,000 | -1.6% |
3 Bed | $206,000 | 3.5% |
4 Bed | $334,000 | 4.0% |
| 5 Bed | $378,000 | 3.6% |
% of Housing Stock
Rental Trends — Alamogordo, NM
As of July '25, Rentcast reports the average rent in Alamogordo, NM is $1,550, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Alamogordo, NM is 1-bedrooms: $1,110, 2-bedrooms: $1,120, 3-bedrooms: $1,630, 4-bedrooms: $2,050. The most common rental property sizes in Alamogordo, NM are 2-bedroom and 3-bedroom, accounting for 42.0% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,530 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,230 | $1,110 |
| 2 Bed Rent | $1,080 | $1,120 |
| 3 Bed Rent | $1,600 | $1,630 |
| 4 Bed Rent | $2,100 | $2,050 |
% of Rental Stock
Property Listings — Alamogordo, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Alamogordo, NM is 70. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $272,000 | 0.0% |
Listing Count | 231 | 15.0% |
| Listings as % of Homes | 0.7% | 15.0% |
Days on Market | 70 | 17.0% |
Demographics — Alamogordo, NM
As of the latest ACS Survey released in 2023, Alamogordo, NM has a population of 36,700, which has increased by 1.3% over the past 5 years. Alamogordo, NM is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 24.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,700 | 1.3% |
% Under 18 | 19.5% | -9.7% |
% Seniors | 19.8% | 7.6% |
% WFH | 7.2% | 157.1% |
% w/ College Degree | 24.9% | 20.3% |
As of the latest ACS Survey released in 2023, Alamogordo, NM is a predominantly white area, with 55.7% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Alamogordo, NM is hispanic, making up 31.3% of the population. Foreign-born residents account for 6.5% of the population in Alamogordo, NM, and this percentage has decreased by 18.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 55.7% | -3.1% |
% Black | 5.0% | 8.7% |
% Hispanic | 31.3% | -5.2% |
% Asian | 2.3% | 35.3% |
% Foreign Born | 6.5% | -18.8% |
Mortgage and Risk — Alamogordo, NM
According to HUD data as of 2023, there were 573 mortgage originations in Alamogordo, NM, of which 30.0% of loans were conventional mortgages. The average loan-to-value was 85.0%, with 62.0% above 90% LTV (very high). This implies large mortgage risk in Alamogordo, NM. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 573 |
% Conventional Loans | 30.0% |
% Government Loans | 70.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Alamogordo, NM
Alamogordo, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 472 |
Total Units Section 8 | 251 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 59.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$470 | $1,230 | $760 |
| 2 Bedroom | -$150 | $1,080 | $930 |
| 3 Bedroom | -$290 | $1,600 | $1,310 |
| 4 Bedroom | -$520 | $2,100 | $1,580 |
Affordability — Alamogordo, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $217,000 |
| Median Household Income | $53,800 |