Otero County, New Mexico is a great place to invest in real estate. The county has a population of over 61,000 people and is growing at a rapid pace. The median home value in the county is $129,000, which is much lower than the national average. There are many innovative real estate investing opportunities in the various cities in Otero County.
Alamogordo is the largest city in Otero County with a population of over 30,000 people. Alamogordo is a great place to invest in rental properties. The median rent price in Alamogordo is $850, which is significantly lower than the national average of $1,200. There is a high demand for rental properties in Alamogordo due to the large military presence in the city.
Cloudcroft is a small town located in the mountains of Otero County. Cloudcroft has a population of less than 1,000 people and is a popular tourist destination. The median home value in Cloudcroft is $250,000, which is much higher than the national average. There are many vacation rental properties available in Cloudcroft that offer high returns on investment.
Tularosa is another small town located in Otero County with a population of less than 4,000 people. Tularosa has a median home value of $115,000 and offers many affordable investment opportunities. Tularosa also has a low cost of living and crime rate making it an attractive place to live for families and retirees alike.