Alamogordo, NM housing market
Typical home value
$220K
▼ 2.2% 1 yr
Typical rent
$1,533/mo
▲ 4.4% 1 yr
Gross rent yield
8.4%
U.S. 6.3%
5-year home value change
+32%
U.S. +20%
Key takeaways
- 1The typical home in Alamogordo is worth $220,091, down 2.2% over the past year and up 32% over five years.
- 2Typical rent is $1,533 a month (+4.4% YoY), a gross rent yield of 8.4% (above the Alamogordo, NM metro's 8.0%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,209/mo, $324 less than typical rent.
- 4Zillow forecasts the Alamogordo, NM metro's home values to change +2.5% over the next 12 months.
Market temperature (Alamogordo, NM metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 41/100, #268 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Alamogordo compares
| Measure | Alamogordo | Alamogordo, NM metro | United States |
|---|---|---|---|
| Typical home value | $220,091 | $229,954 | $366,157 |
| Home value, 1-yr change | −2.2% | −1.8% | +1.2% |
| Typical rent | $1,533 | $1,524 | $1,932 |
| Rent, 1-yr change | +4.4% | +4.2% | +2.7% |
| Gross rent yield | 8.4% | 8.0% | 6.3% |
| Price-to-rent ratio | 12.0 | 12.6 | 15.8 |
| Mortgage P&I, typical home | $1,209 | $1,264 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Alamogordo rental, pre-filled.
Rent vs buy in Alamogordo
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $220K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.