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 about Scout's Real Estate Data
With 31,284 people, 13,194 houses or apartments, and a median cost of homes of $230,699, 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 66.85% of the city's housing units. Other types of housing that are prevalent in Alamogordo include mobile homes or trailers ( 15.01%), duplexes, homes converted to apartments or other small apartment buildings ( 9.71%), and a few large apartment complexes or high rise apartments ( 5.65%).
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 58.74% owning and 41.26% 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 ( 27.61%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.27%). There's also some housing in Alamogordo built before 1939 ( 2.44%).
Vacant housing appears to be an issue in Alamogordo. Fully 14.06% 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Alamogordo during the period has been just 4.90%, which is lower than 80% of US communities.
Over the last year, Alamogordo appreciation rates have trailed the rest of the nation. In the last twelve months, Alamogordo's appreciation rate has been 6.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alamogordo were at 0.70%, which equates to an annual appreciation rate of 2.85%.
Relative to New Mexico, our data show that Alamogordo's latest annual appreciation rate is lower than 60% 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.
$230,699
for New mexico
for nation
13,194
$1,481 / per month