Alamogordo, New Mexico Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Alamogordo, New Mexico rental market.
Alamogordo, New Mexico
Average Apartment Rent
$949
Y-o-Y Change in Average
Apartment Rent
-7.3%
As of July 2024
Compared to a year ago, Alamogordo, New Mexico apartments have recorded a -7.3% rent decrease.
Alamogordo, New Mexico |Average apartment rent trend
Alamogordo, New Mexico| Average apartment rent
Alamogordo, New Mexico | Apartment rent ranges
At 46.73%, apartments priced $700 - $1000 represent the bulk of Alamogordo, New Mexico rentals, while condos priced Under $500 hold the lowest share of the market – 2.53%.
Alamogordo, New Mexico | Housing tenure**
Renters take up 40% of Alamogordo, New Mexico real estate, occupying a total of 5,174 units, while homeowners live in 7,848 properties.
Median number of rooms of renter-occupied housing units**
4.8
Renter median household income**
$39,722
Average household size of renter-occupied housing units**
2.26
Rental vacancy rate**
8.4%
Alamogordo, New Mexico | Renter-occupied housing units by no. of bedrooms**
There are 1,887 rentals in Alamogordo, New Mexico with 2 beds making up the highest share of the market, at 36%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 172 units. Overall, the median number of rooms in Alamogordo, New Mexico homes for rent is 4.8.
Alamogordo, New Mexico |Renter-occupied units by age of householder**
Most condos for rent in Alamogordo, New Mexico are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Alamogordo, New Mexico | Renter-occupied housing units by family type**
Alamogordo, New Mexico | Renter-occupied housing units by the presence of own children**
A total of 2,166 apartments for rent in Alamogordo, New Mexico, or 42% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 1,466 units. All in all, the median size of a renter-occupied household in Alamogordo, New Mexico is 2.26.
Alamogordo, New Mexico | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Alamogordo, New Mexico.
Alamogordo, New Mexico | Renter-occupied units by year structure built**
The highest share of Alamogordo, New Mexico apartment rentals, namely 24% or 1,228 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (15%, 786 units), and the ones Built 1980 - 1989 (14%, 720 units).
Alamogordo, New Mexico | Renter-occupied units by year householder moved in**
Median year renter moved into unit2019
Most Alamogordo, New Mexico renters (50%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Alamogordo, New Mexico condos for rent is 2019.
Alamogordo, New Mexico | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Alamogordo, New Mexico renters have 1 vehicle available per household, 32% of them have 2 vehicles available, and 10% have No vehicle available.
Alamogordo, New Mexico | Means of transportation to work of householders living in renter-occupied housing units**
Alamogordo, New Mexico |Geographical mobility in the past year for householders living in renter-occupied housing units**
Alamogordo, New Mexico | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Alamogordo, New Mexico apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
