Alamogordo housing market
Typical home value
$230K
▼ 1.8% 1 yr
Typical rent
$1,524/mo
▲ 4.2% 1 yr
12-month forecast
+2.5%
#207 of 546 metros
Gross rent yield
8.0%
#52 of 546 · U.S. 6.3%
Days to pending
72 days
▼ −8 days 1 yr
Listings with a price cut
21%
▼ −0.4 pts 1 yr
Key takeaways
- 1The typical home is worth $229,954, down 1.8% in a year and up 33% over five years.
- 2Zillow forecasts home values rising 2.5% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,524/mo (+4.2% YoY), a 8.0% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,264/mo in principal and interest, $260 less than renting.
- 5Homes go under contract in 72 days (−8 days vs last year); 21% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Alamogordo compares
| Measure | Alamogordo | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −1.8% | +1.2% | #519 |
| Home value, 5-yr change | +32.9% | +19.7% | |
| 12-month forecast | +2.5% | +1.1% | #207 |
| Rent, 1-yr change | +4.2% | +2.7% | #172 |
| Gross rent yield | 8.0% | 6.3% | #52 |
| Price-to-rent ratio | 12.6 | 15.8 | |
| Mortgage P&I on typical home | $1,264 | $2,012 | |
| Days to pending | 72 | 56 |
Cities in the Alamogordo metro
1 cities with home value and rent data.
| Alamogordo | $220K | ▼ 2.2% | $1,533 | ▲ 4.4% | 8.4% |
Run the numbers
Rental property calculator
Cash flow on a typical Alamogordo rental ($230K, $1,524/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Alamogordo home.
Rent vs buy
Is it cheaper to rent or buy in Alamogordo?
Other New Mexico metros
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$349K home$1,490 rent5.1% yield
▲ 1.5% 1 yr
Las Cruces, NM
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Santa Fe, NM
$549K home$1,953 rent4.3% yield
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Farmington, NM
$274K home$1,399 rent6.1% yield
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Hobbs, NM
$197K home$1,469 rent9.0% yield
▲ 3.0% 1 yr
Roswell, NM
$171K home$1,263 rent8.8% yield
▲ 0.4% 1 yr
Carlsbad, NM
$248K home$1,582 rent7.7% yield
▲ 3.1% 1 yr
Clovis, NM
$160K home$1,305 rent9.8% yield
▲ 2.4% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.