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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Alamogordo, NM Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Alamogordo, NM Housing Market Trends

With 31,309 people, 13,022 houses or apartments, and a median cost of homes of $211,419, house prices in Alamogordo are solidly below the national average.

Single-family detached homes are the single most common housing type in Alamogordo, accounting for 68.55% of the city's housing units. Other types of housing that are prevalent in Alamogordo include mobile homes or trailers ( 14.93%), duplexes, homes converted to apartments or other small apartment buildings ( 7.62%), and a few large apartment complexes or high rise apartments ( 5.58%).

The most prevalent building size and type in Alamogordo are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.12% owning and 40.88% renting.

There is a lot of housing in Alamogordo built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Alamogordo built between 1940-1969 ( 29.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.20%). There's also some housing in Alamogordo built before 1939 ( 2.13%).

Vacant housing appears to be an issue in Alamogordo. Fully 14.06% of the housing stock is classified as vacant. Left unchecked, vacant Alamogordo homes and apartments can be a drag on the real estate market, holding Alamogordo real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Alamogordo Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Alamogordo, where house values have increased just 49.46%, which is annualized rate of 4.10%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Alamogordo's appreciation rate, at 5.72%, has been at or slightly above the national average. In the latest quarter, Alamogordo's appreciation rate has been -0.37%, which annualizes to a rate of -1.47%.

Relative to New Mexico, our data show that Alamogordo's latest annual appreciation rate is lower than 90% of the other cities and towns in New Mexico.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Alamogordo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Alamogordo - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Alamogordo real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$211,419

Alamogordo, NM Home Prices
> $1,319,000
$990,001 - $1,319,000
$659,001 - $990,000
$527,001 - $659,000
$395,001 - $527,000
$264,001 - $395,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
0.1%
0.1%
0.5%
0.5%
0.8%
0.8%
2.7%
2.7%
10.2%
10.2%
18.5%
18.5%
39.4%
39.4%
18.9%
18.9%
9.0%
9.0%
0% 100.0%
% of Homes
Average

for New mexico

Low

for nation

Number of Homes And Apartments:

13,022

Alamogordo Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,439 / per month

Homeownership Rate

Owners
Renters
59.1%
59.1%
40.9%
40.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.1%
14.1%
85.9%
85.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.2%
17.2%
50.9%
50.9%
29.8%
29.8%
2.1%
2.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.5%
68.5%
3.1%
3.1%
7.6%
7.6%
5.6%
5.6%
14.9%
14.9%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
6.4%
6.4%
23.3%
23.3%
48.9%
48.9%
18.7%
18.7%
0.6%
0.6%
0% 100.0%
% of Homes