Alamogordo appreciation rates and housing market information

Alamogordo housing market information

With 35,392 people, 15,818 houses or apartments, and a median cost of homes of $131,695, 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 58.06% of the city's housing units. Other types of housing that are prevalent in Alamogordo include mobile homes or trailers (22.51%), large apartment complexes or high rise apartments (6.64%), duplexes, homes converted to apartments, or other small apartment buildings (5.93%), and a few row houses and other attached homes (5.90%).

The most prevalent building size and type in Alamogordo are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 52.16% owning, and 33.99% renting.

There is a lot of housing in Alamogordo built from 1970-1994, 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 from 1940-1969 (40.47%). A lesser amount of the housing stock also hails from 1995 and later (9.75%), and some were built from 1939 and earlier (9.75%).

Vacant housing appears to be an issue in Alamogordo. Fully 13.85% 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 40.70%, which is an average annual increase of 4.07%. NeighborhoodScout's data show that in the latest quarter, Alamogordo house values appreciated -1.29%, which is an annualized rate of -5.16%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Alamogordo appreciation rates have trailed the rest of the nation. In the last twelve months, Alamogordo's appreciation rate has been -3.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alamogordo were at -1.29%, which equates to an annual appreciation rate of -5.16%.

Notably, Alamogordo's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New Mexico, our data show that Alamogordo's latest annual appreciation rate is higher than 13% 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 1990, to assist you in making the best Alamogordo real estate investment or home purchase decisions.