Alamogordo, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Alamogordo, NM Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Alamogordo Housing Market Information

With a population of 30,753, 12,428 total housing units (homes and apartments), and a median house value of $125,562, 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 70.59% of the city's housing units. Other types of housing that are prevalent in Alamogordo include mobile homes or trailers ( 15.19%), duplexes, homes converted to apartments or other small apartment buildings ( 6.06%), and a few large apartment complexes or high rise apartments ( 5.66%).

The most prevalent building size and type in Alamogordo are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.19% owning and 42.81% renting.

There is a lot of housing in Alamogordo built from 1970 to 1999 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 between 1940-1969 ( 36.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.09%). There's also some housing in Alamogordo built before 1939 ( 2.33%).

Vacant housing appears to be an issue in Alamogordo. Fully 12.90% 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

Real estate appreciation rates in Alamogordo's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.01% during the period.

NeighborhoodScout's data show that during the latest twelve months, Alamogordo's appreciation rate, at 3.91%, has been at or slightly above the national average. In the latest quarter, Alamogordo's appreciation rate has been 1.52%, which annualizes to a rate of 6.23%.

Relative to New Mexico, our data show that Alamogordo's latest annual appreciation rate is lower than 70% 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 2000, to assist you in making the best Alamogordo real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$125,562

Alamogordo, NM HOME PRICES

Value Range
> $1,026,000 0.4
$770,001 - $1,026,000 0.1
$513,001 - $770,000 1.5
$410,001 - $513,000 0.7
$308,001 - $410,000 2.9
$205,001 - $308,000 12.0
$103,001 - $205,000 37.9
$52,001 - $103,000 33.1
$0 - $52,000 11.5

Average for NM
Low for Nation

Value Relative to Nation Value Relative to State
62.2348529239423 46.551724137931

Number Of Homes And Apartments:
12,428

Alamogordo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NM*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
37.36% 1.86% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$998 / per month

Homeownership Rate

Homeownership
Owners 57.19
Renters 42.81
Vacant 12.90

Housing Market Details

 

Age of Homes

AGE OF Alamogordo HOMES
2000 or Newer 14.1
1970 - 1999 47.2
1940 - 1969 36.4
1939 or Older 2.3

Types of Homes

TYPE OF Alamogordo HOMES
Single-Family 70.6
Townhomes 1.7
Small Apt. Buildings 6.1
Apt. Complexes 5.7
Mobile Homes 15.2
Other 0.8

Home Size

SIZE OF Alamogordo HOMES
No Bedroom 3.61
1 Bedroom 6.75
2 Bedrooms 23.54
3 Bedrooms 48.73
4 Bedrooms 16.30
5 or more bedrooms 1.08