Cheap Homes in Alamogordo, NM

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View this home at Buena Vista Ct Alamogordo NM 88310
$25,000 List Price

3 Bed | 2 Bath | 1,449 Sq. Ft.

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Home Value Estimator For Alamogordo, NM

There are currently 13,796 real estate properties in Alamogordo, NM, with a median automated valuation model (AVM) price of $172,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Alamogordo, NM, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Alamogordo, NM, is $195,609.00, with the most expensive house in Alamogordo, NM, topping out at $2,294,500.00 and the cheapest home in Alamogordo, NM, clocking in at $18,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Alamogordo, NM!

Rent Prices In Alamogordo, NM

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Alamogordo, NM, is on a rollercoaster ride. The average rent price in Alamogordo, NM, is $973.00. Indeed, when looking to rent in Alamogordo, NM, you can expect to pay as little as $480.00 or as much as $2,900.00, with the average rent median estimated to be $990.00. The good news is that finding an affordable and desirable property to rent in Alamogordo, NM -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Alamogordo, NM

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Alamogordo, NM area at Get information on foreclosure homes for rent, how to buy foreclosures in Alamogordo, NM and much more. Save thousands at closing with home foreclosure listings in Alamogordo, NM — up to 75% off market value!

Top Reasons To Live In Alamogordo, NM In 2023

Alamogordo is located in Otero, New Mexico, with an estimated municipal population of 31,980 residents. All of the best foreclosed homes for sale in Alamogordo are located in the following zip code areas on 88310. The estimated population per square kilometer (.62 miles) in Alamogordo is 577.

Cost Of Living In Alamogordo, NM

So, about how much do homes cost in Alamogordo? The most recent median value of resident-owned homes in Alamogordo is 113,073. An estimated 57.2 percent of households in Alamogordo own their homes, with an average family size of 3.22. The median household income in Alamogordo is 42,204, with13.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Alamogordo, the median commute time of resident workers (in minutes) is 16.2. And last, but certainly not least, are you looking for homes to rent in Alamogordo? If so, the average rent price paid by renters in Alamogordo is 791, according to recent statistics.

Diversity And Demographics In Alamogordo, New Mexico

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Alamogordo, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Alamogordo is 36.3, split between 49.1 percent male versus 50.9 female. The percentage of residents who report being married in Alamogordo is 44.7, with an average family size of 3.22.

The percentage of residents who report their race in Alamogordo is as follows:

White 82.7%
Black / African American 4.3%
Asian 1.7%
American Indian / Alaskan Native 1.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4.9%
Other 4.9%

Looking for family-friendly neighborhoods in and/or near Alamogordo? Or maybe you are searching for 55+ active adult communities in and/or near Alamogordo?

The percentage of residents who report their age in Alamogordo is as follows:

Under 10 12.7%
Aged 10-19 11.4%
20s 16.8%
30s 13.1%
40s 10.3%
50s 12.6%
60s 10.9%
70s 8.1%
80+ 4.1%

Best Schools In Alamogordo, New Mexico

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Alamogordo with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Alamogordo.

Pros And Cons Of Living In Alamogordo, New Mexico

How do you know that living in -- or moving to -- Alamogordo is right where you need to be? Perhaps you grew up in Alamogordo or already live nearby; therefore, the decision to buy a home in Alamogordo is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Alamogordo for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Alamogordo:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Alamogordo.

Reasons To Move To Alamogordo, New Mexico, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Alamogordo can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Alamogordo, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Alamogordo, NM


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