County market report · FIPS 35035
Otero County, NM
Alamogordo, NM · Population 67,967 (Census V2020 est.)
Typical value
$229,953
Sep 2026
1M
+0.1%
3M
+0.3%
12M
-1.8%
5Y
+32.9%
10Y
+86.1%
From peak
-2.9%
Peak $236,891 · May 2025
Rank US / state
2732 / 23
by 12M change
Zillow Home Value Index
Source: Zillow Home Value Index (ZHVI), all homes, smoothed & seasonally adjusted · data through Sep 2026.
Inflection signal
Price-OnlyA · Potential Recovery
r3+0.26%p3-0.39%Acceleration+0.65ppMonths persisting2Evidence (Price-Only)64/100
Inventory, sales & days on market — Phase 2
Supply and demand confirmation is not yet available.
Yearly values (December)
| Year | ZHVI (Dec) | YoY change |
|---|---|---|
| 2025 | $229,976 | -0.2% |
| 2024 | $230,510 | +7.0% |
| 2023 | $215,404 | +6.0% |
| 2022 | $203,287 | +14.6% |
| 2021 | $177,423 | +15.9% |
| 2020 | $153,148 | +10.2% |
| 2019 | $138,928 | +5.9% |
| 2018 | $131,208 | +2.8% |
| 2017 | $127,690 | +3.3% |
| 2016 | $123,630 | — |