Alamo median real estate price is $60,954, which is less expensive than 96.3% of New Mexico neighborhoods and 96.8% of all U.S. neighborhoods.
The average rental price in Alamo is currently $1,064, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 73.2% of the neighborhoods in New Mexico.
Alamo is a remote neighborhood (based on population density) located in Magdalena, New Mexico.
Alamo real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Alamo neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Alamo. The current real estate vacancy rate here is 56.3%. This is higher than the rate of vacancies in 99.1% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (37.4%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.