Market Overview
Home Prices in Cloudcroft, NM
The median home value in Cloudcroft, NM is $315,713 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.2% compared to a year ago and up 5.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cloudcroft are priced23% below average. Cloudcroft is part of the Alamogordo, NM metro area.
Over the past five years, Cloudcroft home values have risen by approximately38.1%, reflecting strong long-term appreciation in this market.
Price History
Cloudcroft Home Price Trend
City Comparison
Cloudcroft vs. National Median
At $315,713, homes in Cloudcroft cost 23% below the national median of $410,000. This makes Cloudcroft a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cloudcroft?
20% Down Payment
$63,143
on $315,713
Monthly P&I
$1,647/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,092/mo
incl. taxes & insurance
Income Needed
$83,680
gross annual (30% rule)
10% Down Option
$31,571
+ PMI applies
Loan Amount (20% dn)
$252,570
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 Cloudcroft, NM?
The median home value in Cloudcroft is $315,713 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.2% year-over-year.
How much have home prices changed in Cloudcroft?
Over the past year, home values in Cloudcroft have decreased by 2.2%. Over five years, prices have risen approximately 38.1%.
How much do I need to earn to buy a home in Cloudcroft?
To comfortably afford the median home price of $315,713 with a 20% down payment ($63,143) at today's rates (6.8%), you'd need a gross annual income of approximately $83,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Cloudcroft compare to the national average home price?
The national median home value is approximately $410,000. At $315,713, homes in Cloudcroft are 23% below the national average.
What metro area is Cloudcroft part of?
Cloudcroft is part of the Alamogordo, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.