Otero County, NM Housing Market
$233,516
2.3% 1-yrThe average Otero County, NM home value is $233,516, down 2.3% over the past year, and homes go to pending in around 40 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Otero County Key Takeaways
Typical Home Values: $233,516
1-Year Value Change: -2.3%
(Data through August 31, 2026)
Otero County Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Alvarado
- NameMedian ZHVI
- North Hills$281,723
- Sandstone Ranch Estates$277,608
- Northeast$207,130
- Homestead Meadows North$291,692
- Irvin View Pointe$178,646
- Castner Heights$238,973
- Mountain View$166,607
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Otero County Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Otero County, NM?
The median home value in Otero County, NM is $233,516 as of August 2026. This represents a 0.1% increase compared to last month and a 2.3% decrease year-over-year.
How do home values in Otero County, NM compare to New Mexico and the national average?
The median home value in Otero County, NM ($233,516) compares to New Mexico ($318,241) and the U.S. national median ($368,697).
What are the top cities in Otero County, NM by home value?
The cities with the highest median home values in Otero County, NM include: Cloudcroft ($315,713), La Luz ($270,914), Sacramento ($254,971), Alamogordo ($223,635), Timberon ($195,183). These cities represent the most expensive areas within the county.
