88311, Alamogordo, NM

Home equity is the difference between what a homeowner owes on their home and the value of their home. Home prices are the amount that someone is willing to pay for a property. Home equity and home prices have been on a steady rise in Alamogordo over the past few years, reaching new heights in 2017.

According to Zillow, the median home value in Alamogordo was $181,200 in December 2017. This represents an increase of almost 20% from December 2016, when the median home value was $157,600. The average monthly increase during this time period was 2%.

The main drivers of this trend appear to be strong demand and limited supply. The population of Alamogordo has been growing steadily over the past few years, which has led to increased demand for homes. Additionally, there are relatively few homes available for sale compared to population growth rates – meaning that buyers have more choice when it comes to picking a home.

This upward trend is likely to continue as long as there are no major unforeseen events that could disrupt it (such as a recession). In fact, Zillow predicts that Alamogordo's median home value will reach $190,000 by 2021 – an increase of almost 25%.

While this may seem like great news for homeowners in Alamogordo, it's important to keep in mind that these values don't necessarily reflect reality on the ground. There are many factors that can affect a property's market value (including location and size), so it's important not to get too carried away with predictions made by online calculators or statisticians. Instead, consult with an experienced real estate agent who can help you assess your specific situation and make informed decisions about whether or not buying a property is right for you.