Market Overview
Home Prices in Alamogordo, NM
The median home value in Alamogordo, NM is $223,635 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.7% compared to a year ago and up 9.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alamogordo are priced45% below average. Alamogordo is part of the Alamogordo, NM metro area.
Over the past five years, Alamogordo home values have risen by approximately37.5%, reflecting strong long-term appreciation in this market.
Price History
Alamogordo Home Price Trend
City Comparison
Alamogordo vs. National Median
At $223,635, homes in Alamogordo cost 45% below the national median of $410,000. This makes Alamogordo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alamogordo?
20% Down Payment
$44,727
on $223,635
Monthly P&I
$1,166/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,481/mo
incl. taxes & insurance
Income Needed
$59,240
gross annual (30% rule)
10% Down Option
$22,364
+ PMI applies
Loan Amount (20% dn)
$178,908
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Alamogordo, NM?
The median home value in Alamogordo is $223,635 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.7% year-over-year.
How much have home prices changed in Alamogordo?
Over the past year, home values in Alamogordo have decreased by 3.7%. Over five years, prices have risen approximately 37.5%.
How much do I need to earn to buy a home in Alamogordo?
To comfortably afford the median home price of $223,635 with a 20% down payment ($44,727) at today's rates (6.8%), you'd need a gross annual income of approximately $59,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Alamogordo compare to the national average home price?
The national median home value is approximately $410,000. At $223,635, homes in Alamogordo are 45% below the national average.
What metro area is Alamogordo part of?
Alamogordo is part of the Alamogordo, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.