Alto, NM 88312 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Alto, NM—88312

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$558,000

0.9% YoY Growth

Household Income

$95,500

62.0% YoY Growth

Days on Market

155

46.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$2,000

20.9% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$3,200

52.4% YoY Growth

Home Price Trends — Alto, NM

Alto, NM lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$558,000	-0.9%
Single Family	$573,000	-0.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Alto, NM

As of July '25, Rentcast reports the average rent in Alto, NM is $2,600, with a year-over-year rent change of 20.9%. Per bedroom, the median rent as of July '25 in Alto, NM is 3-bedrooms: $3,200, 4-bedrooms: $2,000. The most common rental property sizes in Alto, NM are 2-bedroom and 3-bedroom, accounting for 86.5% and 13.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,000	$2,600
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$3,200	$3,200
4 Bed Rent	$2,000	$2,000

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% of Rental Stock

2 Bedrooms

86.5%

3 Bedrooms

13.5%

Property Listings — Alto, NM

As of Dec '25, Realtor.com reports that the median days on market for a home in Alto, NM is 144. This is a increase of 63.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$700,000	-14.0%
Listing Count	147	47.0%
Listings as % of Homes	1.6%	47.0%
Days on Market	155	46.0%

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Demographics — Alto, NM

As of the latest ACS Survey released in 2023, Alto, NM has a population of 3,180, which has increased by 16.9% over the past 5 years. Alto, NM is a less popular place for families, as children make up 14.6% of the population. The area has a moderately educated workforce, with 43.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,180	16.9%
% Under 18	14.6%	5.8%
% Seniors	45.0%	61.3%
% WFH	18.4%	-8.0%
% w/ College Degree	43.2%	-5.5%

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As of the latest ACS Survey released in 2023, Alto, NM is a predominantly white area, with 70.0% of the population identifying as white. The white population has shrunk by 12.9% in the last 5 years. The second most common race or ethnicity in Alto, NM is hispanic, making up 24.0% of the population. Foreign-born residents account for 3.3% of the population in Alto, NM, and this percentage has decreased by 28.3% 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	70.0%	-12.9%
% Black	0.6%	∞%
% Hispanic	24.0%	22.4%
% Asian	0.6%	∞%
% Foreign Born	3.3%	-28.3%

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Mortgage and Risk — Alto, NM

According to HUD data as of 2023, there were 39 mortgage originations in Alto, NM, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Alto, NM. Investor activity is low, as 5.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	39
% Conventional Loans	92.0%
% Government Loans	8.0%
% Investor Loans	5.0%
% Second Loans	28.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Alto, NM

Alto, NM lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	2
Total Units Section 8	2
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$790
2 Bedroom	N/A	N/A	$930
3 Bedroom	-$1,930	$3,200	$1,270
4 Bedroom	-$440	$2,000	$1,560

Alto, NM—88312

Key Metrics at a Glance

Home Price Trends — Alto, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Alto, NM

% of Rental Stock

Property Listings — Alto, NM

Demographics — Alto, NM

Race and Ethnicity

Mortgage and Risk — Alto, NM

Mortgages

Rentals and Section 8 — Alto, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Alto, NM

Home Price to Income Ratio

Alto, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Ponderosa Heights

Ruidoso, NM

Ruidoso Downs, NM

Carrizozo, NM

Glencoe, NM

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.5
Median Home Price	$558,000
Median Household Income	$95,500

Alto, NM—88312

Key Metrics at a Glance

Home Price Trends — Alto, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Alto, NM

% of Rental Stock

Property Listings — Alto, NM

Demographics — Alto, NM

Race and Ethnicity

Mortgage and Risk — Alto, NM

Mortgages

Rentals and Section 8 — Alto, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Alto, NM

Home Price to Income Ratio

Alto, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Ponderosa Heights

Ruidoso, NM

Ruidoso Downs, NM

Carrizozo, NM

Glencoe, NM

Frequently Asked Questions

What is the average home price in Alto, NM 88312?

How have home prices in Alto, NM 88312 changed over the past year?

What is the home price projection for Alto, NM 88312?

What are the demographics of Alto, NM 88312?

How long does it take homes to sell in Alto, NM 88312?

What is the average rent price in Alto, NM 88312?