Alto, NM—88312
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | $550,000 | -1.0% |
| Single Family | $564,000 | -1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $541,000 | 1.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Alto, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Alto, NM is 132. This is a increase of 71.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $725,000 | -9.0% |
Listing Count | 160 | 49.0% |
| Listings as % of Homes | 1.6% | 49.0% |
Days on Market | 132 | 71.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Alto, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $550,000 |
| Median Household Income | $95,500 |