Cloudcroft, NM—88317
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cloudcroft, NM
As of Oct '25, the median home price in Cloudcroft, NM is $295,000, with a year-over-year change of 3.6%. This indicates that home prices in Cloudcroft, NM are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | 3.6% |
| Single Family | $295,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $182,000 | 2.2% |
2 Bed | $247,000 | 2.5% |
3 Bed | $339,000 | 2.4% |
4 Bed | $449,000 | 2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cloudcroft, NM
As of July '25, Rentcast reports the average rent in Cloudcroft, NM is $1,320, with a year-over-year rent change of -17.5%. Per bedroom, the median rent as of July '25 in Cloudcroft, NM is 1-bedrooms: $1,300, 3-bedrooms: $1,400. The most common rental property sizes in Cloudcroft, NM are 2-bedroom and 1-bedroom, accounting for 70.1% and 16.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cloudcroft, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Cloudcroft, NM is 118. This is a increase of 49.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -13.0% |
Listing Count | 72 | 59.0% |
| Listings as % of Homes | 0.8% | 59.0% |
Days on Market | 118 | 49.0% |
Demographics — Cloudcroft, NM
As of the latest ACS Survey released in 2023, Cloudcroft, NM has a population of 2,630, which has increased by 59.2% over the past 5 years. Cloudcroft, NM is a popular place for families, as children make up 32.0% of the population. The area has a moderately educated workforce, with 28.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,630 | 59.2% |
% Under 18 | 32.0% | 90.5% |
% Seniors | 16.7% | -53.0% |
% WFH | 3.2% | -71.4% |
% w/ College Degree | 28.0% | -23.5% |
As of the latest ACS Survey released in 2023, Cloudcroft, NM is a predominantly white area, with 86.1% of the population identifying as white. The white population has grown by 6.6% in the last 5 years. The second most common race or ethnicity in Cloudcroft, NM is hispanic, making up 12.5% of the population. Foreign-born residents account for 1.4% of the population in Cloudcroft, NM, and this percentage has decreased by 41.7% 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 | 86.1% | 6.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 12.5% | -19.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.4% | -41.7% |
Mortgage and Risk — Cloudcroft, NM
According to HUD data as of 2023, there were 83 mortgage originations in Cloudcroft, NM, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Cloudcroft, NM. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 83 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 30.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Cloudcroft, NM
Cloudcroft, 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 | -$540 | $1,300 | $760 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | -$90 | $1,400 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Cloudcroft, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $295,000 |
| Median Household Income | $72,100 |