Alamogordo, New Mexico Housing Market Prices
Alamogordo Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 38% below the New Mexico median$127,211
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Median rent 20% below the New Mexico median$858
Housing Market Overview
| Metric | Alamogordo | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $127,211 | $204,122 | $248,835 |
| Price Trend (Annual %) | 8.4% | 3.1% | 7.5% |
| Median Gross Rent | $858 | $1,067 | $1,407 |
| Rent Trend (Annual %) | 1.7% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Alamogordo is about 38% lower than in New Mexico. Rent is about 20% lower than the New Mexico average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Alamogordo, up about 8.4% and 1.7% a year respectively. Home prices are changing faster.
Median rent in Alamogordo rose about 24.2% between 2015 and 2024, from $691 to $858. Over the same span, rent in New Mexico rose about 37.3%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Alamogordo.
Buying the median-priced home in Alamogordo costs roughly 12.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Alamogordo. The price-to-rent ratio in New Mexico is about 15.9.
| Metric | Alamogordo | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $127,211 | $204,122 | $248,835 |
| Median Household Income | $53,614 | $64,523 | $80,455 |
| Price-to-Income Ratio | 2.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Alamogordo rose about 49.3%, while median household income rose about 34.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Alamogordo | New Mexico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.1% | 61.3% | 58.5% |
| Rental Rate | 32.9% | 26.2% | 31.2% |
| Vacancy Rate | 16.0% | 12.5% | 10.2% |
| Median Tenure (years) | 10.0 | 16.0 | 15.0 |
| Median Year Moved In | 2016 | 2010 | 2011 |
Alamogordo has a homeownership rate of 51.1%, lower than the New Mexico average of 61.3%. Its housing vacancy rate is 16.0%, compared with 12.5% in New Mexico.
Housing Stock
| Metric | Alamogordo | New Mexico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1979 | 1983 | 1978 |
| Median Number of Rooms | 5.5 | 5.3 | 5.5 |
The typical housing unit in Alamogordo was built around 1979. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Alamogordo, New Mexico.
What is the median home price in Alamogordo, New Mexico?
The median home price in Alamogordo, New Mexico is $127,211, lower than the New Mexico average of $204,122.
What is the average home price in Alamogordo, New Mexico?
The typical home price in Alamogordo, New Mexico, reported as the median sale price, is $127,211. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Alamogordo, New Mexico?
The median gross rent in Alamogordo, New Mexico is $858 per month, lower than the New Mexico average of $1,067.
What was the median gross rent in Alamogordo in 2020?
In 2020, the median gross rent in Alamogordo, New Mexico was $730 per month.
What is the price-to-rent ratio in Alamogordo, New Mexico?
The price-to-rent ratio in Alamogordo, New Mexico is about 12.3, meaning it would take roughly 12.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Alamogordo.
Are home prices or rent rising faster in Alamogordo, New Mexico?
Both home prices and rent are rising in Alamogordo, up about 8.4% and 1.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Alamogordo, New Mexico?
51.1% of households in Alamogordo, New Mexico own their home, lower than the New Mexico average of 61.3%.
What is the vacancy rate in Alamogordo, New Mexico?
The housing vacancy rate in Alamogordo, New Mexico is 16.0%, higher than the New Mexico average of 12.5%.
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