Investor-grade market analytics for Alamogordo, New Mexico. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.
$233,538
-2.3% year-over-year
7.9%
gross annual
-2.4%
base case (Zillow ZHVF)
-2.4% year-over-year
50/100
ModerateNet migration: Top 21% nationally
In-migrants avg $44,881 AGI vs out-migrants $50,105
Alamogordo, NM is experiencing a correction with -2.3% year-over-year decline, signaling a buyer's market with softening demand. Affordability remains favorable with a price-to-income ratio of 4.43x, below the national average of 4.8x. Modest net positive migration (+198 returns/year) provides steady demand support. Climate risk is moderate (50/100) with manageable exposure. Rental yield of 7.92% is strong, making this market attractive for buy-and-hold investors.
12-month projection (Zillow ZHVF model)
Alamogordo, NM's primary climate exposure is wildfire (70/100). The composite climate risk score of 50/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. Buyers should consider climate-related insurance costs and potential future regulatory changes.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.