The story of this market
The typical home in Otero County, New Mexico sells for about $265,000, or $182 per square foot.
Prices are up +17.8% from a year ago, so sellers still have some momentum. Homes take about 81 days to sell, which is slow. Over the long run, values in this county have grown 96% since 2000. Last year 6 of 10 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is lightning, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,014 a month.
HUD sets the fair market rent for a 2-bedroom at $1,014 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
+1.3%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+13.2%). Worst: 2013 (-3.3%). Hover to read a year.
Monthly price momentum
Home values since 2015
+3.3%
NM · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,404
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+1.3%
2025 change
FHFA repeat-sales index, median of 10 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
50
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $43,290,019.
Mortgage activity
Home lending in this county
74.7%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 2207 | 988 | 74.7% | 2.3% | $145,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Otero County, New Mexico
The Otero County housing market shows strong price appreciation with a 17.8% year-over-year increase in median sale price to $265,000. While sales volume has increased, the market is experiencing slower turnover compared to the previous year, as evidenced by a rise in median days on market.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 2 cities · 2 ZIP reports
Median prices moved up 17.8% year over year.
Homes spend a median of 81 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 0.0% — a stable, low-distress profile.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
No researched ZIP reports yet — ZIP discovery runs with the county's first refresh, and each ZIP's intel report appears here once its research lands.
The county economy is anchored by the Alamogordo Micropolitan area, with significant economic activity tied to regional government and military installations.
The economy is supported by the Alamogordo Micropolitan area, with a 4.7% unemployment rate as of May 2026.
- D. H. LESCOMBES WINERY & BISTRO4.727.1 mi
- Flickinger Center for Performing Arts4.828.1 mi
- Apache Point Observatory4.716.6 mi
- New Mexico Museum of Space History4.727.4 mi
- Oliver Lee Memorial State Park4.620.4 mi
- Toy Train Depot4.528.8 mi
- Tularosa Basin Museum of History4.728.1 mi
- Eight the Cake, LLC4.924 mi
- Camp Rio4.518.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Data sourced from US Census Bureau and Data Commons.
applies when — Applies to residential parcels governed by a Homeowner Association (HOA) as defined by state statute.
Parcels are subject to the declaration, bylaws, and rules of the association, including the obligation to pay common expense assessments and potential liens for unpaid assessments.
NMSA 1978 § 47-16-1 et seq.
applies when — Applies to the resale of a unit within a condominium association.
The unit owner must furnish the purchaser with a resale certificate containing the declaration, bylaws, rules, and a statement of monthly common expense assessments, unpaid assessments, and other fees. The purchaser is not liable for unpaid assessments exceeding the amount disclosed in the certificate.
NMSA 1978 § 47-7D-9.
Tax is calculated by applying a tax rate (expressed in mills) to the net taxable value. The net taxable value is defined as one-third (33.33%) of the taxable value of the property. The taxable value is generally the market value, subject to statutory limitations on annual valuation increases for residential property. The total tax obligation is the product of the net taxable value and the sum of applicable local and state mill levies.
NMSA 1978 § 7-36-21.2; Property Tax Facts 2021, New Mexico Department of Finance and Administration.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.