The housing in the Alamogordo, NM Metro Area is quite affordable compared to the US median. The median value of homes in this area is $195,700 which is significantly lower than the US median of $338,100. What's more, the house appreciation rate in Alamogordo, NM Metro Area has been higher than the national average at 9.54%, while the US median 1 year house appreciation rate is 8.27%. This shows that housing prices in this area are likely to increase even further in the coming years making it an attractive option for potential homeowners looking for a good deal.
The median home cost in Alamogordo Metro Area is $195,700. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Alamogordo Metro Area is up 12.5%.
Average Age of Homes
- The median age of Alamogordo Metro Area real estate is 36 years old
The Rental Market in Alamogordo Metro Area
- Renters make up 27.2% of the Alamogordo Metro Area population
- 2.1% of houses and apartments in Alamogordo Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.