Alamogordo, NM 88310 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Alamogordo, NM—88310

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$221,000

3.2% YoY Growth

Household Income

$53,800

19.5% YoY Growth

Days on Market

14.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$1,530

0.0% YoY Growth

1-Bed Rent

$1,230

13.7% YoY Growth

2-Bed Rent

$1,080

19.5% YoY Growth

3-Bed Rent

$1,600

5.8% YoY Growth

Home Price Trends — Alamogordo, NM

As of May '26, the median home price in Alamogordo, NM is $221,000, with a year-over-year change of -3.2%. This indicates that home prices in Alamogordo, NM are decreasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$221,000	-3.2%
Single Family	$221,000	-3.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

4.4%

1 Bedroom

14.1%

2 Bedrooms

42.0%

3 Bedrooms

31.6%

4 Bedrooms

7.7%

5+ Bedrooms

0.2%

Property Listings — Alamogordo, NM

As of May '26, Realtor.com reports that the median days on market for a home in Alamogordo, NM is 56. This is a increase of 14.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$279,000	0.0%
Listing Count	218	-13.0%
Listings as % of Homes	0.7%	-13.0%
Days on Market	56	14.0%

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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%

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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%

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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%

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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

Alamogordo, NM—88310

Key Metrics at a Glance

Home Price Trends — Alamogordo, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Alamogordo, NM

% of Rental Stock

Property Listings — Alamogordo, NM

Demographics — Alamogordo, NM

Race and Ethnicity

Mortgage and Risk — Alamogordo, NM

Mortgages

Rentals and Section 8 — Alamogordo, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Alamogordo, NM

Home Price to Income Ratio

Alamogordo, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Boles Acres, NM

Holloman Air Force Base, NM

Sunspot

La Luz, NM

Timberon, NM

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$221,000
Median Household Income	$53,800

Alamogordo, NM—88310

Key Metrics at a Glance

Home Price Trends — Alamogordo, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Alamogordo, NM

% of Rental Stock

Property Listings — Alamogordo, NM

Demographics — Alamogordo, NM

Race and Ethnicity

Mortgage and Risk — Alamogordo, NM

Mortgages

Rentals and Section 8 — Alamogordo, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Alamogordo, NM

Home Price to Income Ratio

Alamogordo, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Boles Acres, NM

Holloman Air Force Base, NM

Sunspot

La Luz, NM

Timberon, NM

Frequently Asked Questions

What is the average home price in Alamogordo, NM 88310?

How have home prices in Alamogordo, NM 88310 changed over the past year?

What is the home price projection for Alamogordo, NM 88310?

What are the demographics of Alamogordo, NM 88310?

How long does it take homes to sell in Alamogordo, NM 88310?

What is the average rent price in Alamogordo, NM 88310?