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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Alamogordo HOMES|
|2000 or Newer||14.1|
|1970 - 1999||47.2|
|1940 - 1969||36.4|
|1939 or Older||2.3|
|TYPE OF Alamogordo HOMES|
|Small Apt. Buildings||6.1|
|SIZE OF Alamogordo HOMES|
|5 or more bedrooms||1.08|