Home values and rents: available snapshot
Only one observation is stored for Alamogordo, NM. A historical trend cannot be calculated from this snapshot.
- Typical home value (ZHVI)
- $232,130
- Source period: 2026-05-31
- Monthly rent index (ZORI)
- $1,517
- Source period: 2026-05-31
Stored snapshot: 2026-06-29. Source dates describe the underlying observations, not today’s market.
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Purchase
Monthly Cash Flow
* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.
Score Breakdown
Based on 7.84% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.
Based on -3.0% YoY price growth. Moderate growth (3-8%) scores highest.
Based on 0.0% population growth. Growing areas indicate economic stability.
Based on price relative to estimated local incomes.
Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.
Investment Outlook
Strengths
- +Above-average rent-to-price ratio (7.84%)
- +Affordable relative to local incomes
- +Low unemployment (0.0%)
Challenges
- -Declining home values (-3.0% YoY)
- -Negative cash flow at typical financing (-$231/mo)
- -Negative leverage (cap rate 5.1% < mortgage rate 6.9%)
Counties in Alamogordo, NM
Compare to Similar Metros
| Metro Area | Verdict | ||||||
|---|---|---|---|---|---|---|---|
Elmira, NY Elmira, NY | 81 | $161,607 | $1,263 | 9.38% | Strong Buy | View | |
Lamesa, TX Lamesa, TX | 81 | $113,282 | Est. | Strong Buy | View | ||
Lincoln, IL Lincoln, IL | 81 | $142,630 | Est. | Strong Buy | View | ||
Union City, TN Union City, TN | 80 | $166,036 | Est. | Strong Buy | View | ||
Guymon, OK Guymon, OK | 80 | $168,571 | Est. | Strong Buy | View | ||
Current Alamogordo, NM | 61 | $232,130 | $1,517 | 7.84% | Buy |
Rent vs buy in this metro
The Bottom Line
The Alamogordo, NM metro area scores 61/100, ranking #484 of 894 US metros (top 54%). The 7.84% rent-to-price ratio falls below the 1% monthly rent rule (12% annually). Check operating costs and financing before making an offer.