City · 31,307 residents · Otero County, New Mexico
Alamogordo, New Mexico
In Alamogordo, a typical home is worth $172,900 and typical rent is $902 a month. Compared with all of Otero County, the typical home value is 6% higher, typical rent is 6% lower, and the share of households that own their home is 5 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $166,493 to $220,091.
Typical rent
$1,533a month
▲ 4.4% more than 12 months ago
Typical rent from Zillow, March 2023 to September 2026: from $1,300 to $1,533.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Alamogordo is in Otero County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Otero County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Anthony, the typical rent is $561: 38% less than in Alamogordo ($902).
2
Nearby, in Chaparral, the typical home value is $109,300: 37% less than in Alamogordo ($172,900).
3
According to Zillow, in the 12 months to September 2026 the typical home value in Alamogordo fell 2.2%; in New Mexico, it rose 1.7%.
4
62% of households in Alamogordo own their home, against 67% in Otero County.
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Alamogordo
What homes there are in Alamogordo, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Alamogordo
Otero County
New Mexico
United States
Kind of home: Alamogordo and its comparisons
Measure
Alamogordo
Otero County
New Mexico
United States
Detached house
65%
58%
65%
61%
Attached house
2%
3%
4%
6%
Building of 2 to 4
10%
6%
6%
8%
Apartments (5 or more)
Unreliable estimate
3%
10%
19%
Mobile home
16%
29%
16%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house rules in Alamogordo: 65% of homes, more than in Otero County (58%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Alamogordo
Otero County
New Mexico
United States
Year built: Alamogordo and its comparisons
Measure
Alamogordo
Otero County
New Mexico
United States
Before 1960
14%
11%
17%
26%
1960–1979
35%
30%
26%
24%
1980–1999
30%
37%
32%
25%
2000–2009
11%
13%
16%
14%
2010 or later
10%
9%
10%
11%
Homes in Alamogordo are older: the typical year built is 1980; in Otero County, 1984.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K24%
$100K–$200K35%
$200K–$300K22%
$300K–$500K16%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Alamogordo and its comparisons
Measure
Alamogordo
Under $100K
24%
$100K–$200K
35%
$200K–$300K
22%
$300K–$500K
16%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
With an FHA limit of $541,287, at least 96% of owner-occupied homes in Alamogordo sit below it: they are worth less than $500,000.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50010%
$500–$99947%
$1,000–$1,49926%
HUD fair market rent, 2 bedrooms: $1,014
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Alamogordo and its comparisons
Measure
Alamogordo
Under $500
10%
$500–$999
47%
$1,000–$1,499
26%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
Measured against HUD's 2-bedroom fair market rent ($1,014), about 58% of rented homes in Alamogordo cost less.
With a mortgage
$1,303 a month
Otero County: $1,271 a month
Without a mortgage
$409 a month
Otero County: $376 a month
Owners with a mortgage
53%
Otero County: 46%
Owning costs about the same in Alamogordo as in Otero County: with a mortgage, $1,303 a month; without one, $409.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Alamogordo+52%
Otero County+45%
New Mexico+45%
United States+53%
Typical rent
Alamogordo+14%
Otero County+22%
New Mexico+26%
United States+33%
Typical household income
Alamogordo+33%
Otero County+33%
New Mexico+29%
United States+29%
Change since 2015–2019: Alamogordo and its comparisons
Measure
Alamogordo
Otero County
New Mexico
United States
Typical home value
+52%
+45%
+45%
+53%
Typical rent
+14%
+22%
+26%
+33%
Typical household income
+33%
+33%
+29%
+29%
The typical home value in Alamogordo rose 52% since 2015–2019, more than in Otero County (45%).
The typical rent in Alamogordo rose 14% over the same time; in Otero County, it rose 22%.
To compare: typical income in Alamogordo rose 33%; the home, +52%; the rent, +14%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Alamogordo and its comparisons
Measure
Alamogordo
Otero County
New Mexico
United States
Rental vacancy
9.2%
7.9%
5.9%
5.5%
Homeowner vacancy
Unreliable estimate
2.3%
1.0%
0.9%
More than one person per room
Unreliable estimate
4.1%
3.3%
3.4%
People per household
2.33
2.67
2.48
2.53
Drive alone
80%
78%
74%
69%
Carpool
10%
11%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
3%
2%
3%
Work from home
7%
7%
12%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
There is more rental housing open in Alamogordo: 9.2% is empty and offered for rent, against 7.9% in Otero County.
Fewer people live in each home here: 2.33 on average, against 2.67 in Otero County.
In Alamogordo, 80% of workers drive alone to work; in Otero County, 78%.
Do the math
What would you pay each month for a home in Alamogordo?
A typical home is tight for the typical income
We start with a typical home in Alamogordo, worth $172,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 30% of the typical household income in Alamogordo, which is $55,952 a year. For that payment to be 28% of income, a household would need to earn about $59,729 a year.
The calculator's FHA and conventional loan limits are those of all of Otero County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Alamogordo. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $6,052 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,394
at 7.18% · 30 years
Loan amount
$169,768
Total interest
$244,256
Paid off in
November 2056
Includes $2,920 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,306 a month
Tight
$1,306 to $1,679 a month
Your payment · 30%
Hard
more than $1,679 a month
Compared with the typical household income in Alamogordo ($55,952 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,150
Property tax
$95
Home insurance
$72
FHA mortgage insurance (MIP)
$76
You need at least $6,052 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,394; principal and interest $1,150.
The city and its county
Alamogordo and Otero County
Alamogordo is in Otero County, New Mexico. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Alamogordo
Map of Otero County, New Mexico, with Alamogordo marked. Around it, the neighboring counties.
Alamogordo
Otero County
Other cities with a page
Alamogordo's own numbers
Typical home value
$172,900
Typical monthly rent
$902
Typical yearly household income
$55,952
Households that own their home
62%
Effective property tax rate
0.66%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Otero County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,014
Price change over 5 years (FHFA)
+58%
Homes in a high flood-risk zone
19%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Otero County.
A typical home in Alamogordo is worth $172,900: 6% above the county and 30% below New Mexico. With the typical household income in Alamogordo ($55,952 a year), a typical home costs 3.1 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Alamogordo3.1 years
Otero2.9 years
New Mexico3.9 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Otero County
According to FHFA’s house price index, home prices in Otero County rose 83% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Otero County.
Yearly change in FHFA’s price index in Otero County, 2016 to 2025
2016: +0.3% +0.3% 2016
2017: +3.3% +3.3% 2017
2018: +0.1% +0.1% 2018
2019: +6.9% +6.9% 2019
2020: +3.9% +3.9% 2020
2021: +10.7% +10.7% 2021
2022: +15.1% +15.1% 2022
2023: +4.6% +4.6% 2023
2024: +10.2% +10.2% 2024
2025: +7.9% +7.9% 2025
Change in FHFA’s price index in Otero County, New Mexico and the United States
Period
County
New Mexico
U.S.
Last year (2025)
+7.9%
+3.1%
+2.9%
5 years (2020–2025)
+58%
+50%
+47%
10 years (2015–2025)
+83%
+82%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Alamogordo next to Otero County, New Mexico and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Alamogordo$172,900
Otero$162,700
New Mexico$248,100
United States$332,700
Typical monthly rent
Alamogordo$902
Otero$962
New Mexico$1,067
United States$1,413
Typical yearly household income
Alamogordo$55,952
Otero$55,876
New Mexico$64,059
United States$80,734
See the full table
Alamogordo next to Otero County and New Mexico
Measure
Alamogordo
Otero County
New Mexico
U.S.
Typical home value
$172,900 ▲6% above the county
$162,700
$248,100
$332,700
Typical monthly rent
$902 ▼6% below the county
$962
$1,067
$1,413
Typical yearly household income
$55,952
$55,876
$64,059
$80,734
Households that own their home
62% ▼5 points below the county
67%
70%
65%
Typical yearly property tax
$1,133 ▲26% above the county
$902
$1,731
$3,119
Effective property tax rate
0.66% ▲0.11 points above the county
0.55%
0.7%
0.94%
Renters with high rent for their income
49% ▲3 points above the county
47%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Otero County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Alamogordo
For a typical $172,900 home in Alamogordo, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Alamogordo's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,394a month
Least cash to close
Down payment
$6,052
Cash to close
$11,239
Rate
7.18%
Mortgage insurance
FHA MIP · $76
Conventional, 5% down$1,362a month
Down payment
$8,645
Cash to close
$13,832
Rate
7.18%
Mortgage insurance
PMI · $82
Conventional, 20% down, no PMI$1,104a month
Down payment
$34,580
Cash to close
$39,767
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,264a month
Down payment
$25,935
Cash to close
$31,122
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Alamogordo
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,394
$6,052
$169,768
7.18%
FHA MIP · $76
$11,239
580
Conventional, 5% down
$1,362
$8,645
$164,255
7.18%
PMI · $82
$13,832
620*
Conventional, 20% down, no PMI
$1,104
$34,580
$138,320
7.18%
None
$39,767
620*
ITIN, 15% down (example)
$1,264
$25,935
$146,965
8.18%
None
$31,122
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Alamogordo and for Otero County.
Property tax
Effective rate in Alamogordo
0.66%of the home’s value each year
$1,133 a year for the typical owner in Alamogordo.
Alamogordo0.66%
Otero0.55%
New Mexico0.7%
What New Mexico publishes3 percent cap on the yearly increase in your home's taxable value (New Mexico Legislative Finance Committee ("Property Taxes in New Mexico" brief))
Typical rent in Alamogordo is $902 a month: 6% below the county. In Alamogordo, 49% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Otero County, by unit size. To pay the 2-bedroom one ($1,014 a month) without spending more than 30% of your income, you would need to earn $19.50 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Otero County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$706
$13.58
$28,240
1 bedroom
$877
$16.87
$35,080
2 bedrooms
$1,014
$19.50
$40,560
3 bedrooms
$1,404
$27.00
$56,160
4 bedrooms
$1,695
$32.60
$67,800
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Alamogordo
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Alamogordo is in ZIP code 88310.
For 2 bedrooms it is $1,010: $4 less than the fair market rent for Otero County ($1,014).
Fair market rent by ZIP code and size in Alamogordo, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
88310
$710
$880
$1,010
$1,410
$1,700
ZIP code2 bd3 bd
88310 $1,010$1,410
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Alamogordo when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 4 buildings with rents for lower incomes in Alamogordo. These are the largest.
Alamogordo1620D Abuelito Dr, Alamogordo 88310221 low-income homes · Run by Eastern Regional Housing Authority · Average payment: $386 a month · Average wait: 8 months(575) 622-0881
Azotea Senior Apt Homes2400 1st St, Alamogordo 8831060 low-income homes · 1 bd: 24 · 2 bd: 36 · In service since 2005 · For older adults
Cottonwood Commons1709 13th St, Alamogordo 8831060 homes, 56 low-income · 1 bd: 16 · 2 bd: 40 · 3 bd: 4 · In service since 2007
Otero Village2553 1st St, Alamogordo 8831040 low-income homes · 2 bd: 20 · 3 bd: 20 · In service since 2001
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Otero County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Alamogordo or Otero County. The ones below are statewide in New Mexico: they work in Alamogordo the same as in the rest of the state.
New Mexico state agency fixed-rate second mortgage for the down payment and closing costs of first-time buyers, together with the FirstHome mortgage.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
New Mexico state agency fixed $7,000 second mortgage for the down payment and closing costs of low-income first-time buyers; no monthly payments and forgivable after 10 years.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
New Mexico state agency fixed $10,000 third loan at 0%, for the down payment only, added to FirstDown or HomeNow; repaid in monthly installments over 15 years.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
No legal help resource on our list is for Alamogordo or Otero County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Alamogordo and all of Otero County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Alamogordo?
The typical home value in Alamogordo is $172,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Otero County it is $162,700.
How much does it cost to rent in Alamogordo?
Typical rent in Alamogordo is $902 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Otero County is $1,014.
What is the FHA loan limit in Alamogordo?
Alamogordo uses the FHA limit for all of Otero County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Alamogordo?
The typical homeowner in Alamogordo pays $1,133 a year, according to the U.S. Census Bureau. That is 0.66% of the home’s value; in Otero County, the rate is 0.55%.
Where can I find free help to buy or rent in Alamogordo?
We found no HUD-approved counseling agencies with an office in Otero County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
