Alamogordo, NM housing market
The typical Alamogordo home is worth about $223,000, down 2.9% in a year, 30% below the New Mexico typical home. Homes typically sell in 50 days.
Home values, sales, trends and how Alamogordo compares with the towns next door — updated as new data is published.
Alamogordo at a glance
A seller's market
Supply is tight — about 3.4 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Alamogordo | New Mexico |
|---|---|---|
| 2017 | $123,000 | $178,000 |
| 2018 | $127,000 | $184,000 |
| 2019 | $128,000 | $193,000 |
| 2020 | $137,000 | $205,000 |
| 2021 | $151,000 | $229,000 |
| 2022 | $176,000 | $263,000 |
| 2023 | $201,000 | $287,000 |
| 2024 | $209,000 | $302,000 |
| 2025 | $226,000 | $313,000 |
| 2026 | $224,000 | $315,000 |
| August 2026 | $223,000 | $318,000 |
No new homes permitted in 2009
No permits for new homes were issued in Alamogordo in 2009. The last year with any was 2008 (60 new homes).
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2009 | 0 | 0 | 0 | — |
| 2008 | 60 | 57 | 3 | $13.1 million |
| 2007 | 153 | 150 | 3 | $34.4 million |
| 2006 | 210 | 185 | 25 | $42.3 million |
| 2005 | 281 | 219 | 62 | $46.1 million |
| 2004 | 209 | 195 | 14 | $36 million |
| 2003 | 161 | 161 | 0 | $26.6 million |
| 2002 | 104 | 104 | 0 | $14.5 million |
| 2001 | 79 | 79 | 0 | $11.6 million |
| 2000 | 144 | 96 | 48 | $14.9 million |
Alamogordo's permit office didn't report to the Census in 2009, so the 2009 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Alamogordo and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2009 | Median income |
|---|---|---|---|---|---|
| Alamogordo | $223K | −2.9% | $970 | 0 | $55,952 |
| Boles Acres | — | +8.9%† | $970 | — | $52,788 |
| La Luz | $274K | +2.1% | $970 | — | $46,655 |
† FHFA price index change, where Zillow has no home value for the town.
4 years of income
The typical Alamogordo home costs about 4 years of the town's median household income, less than across New Mexico (5 years).
How Alamogordo ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Alamogordo is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Alamogordo pay a median of $902. A two-bedroom takes about 21% of the town's median household income.
Studio $670 · 4 bedrooms $1,640
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (88310; Otero County, NM), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.