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Otero County, NM

RANK #302 / 996  ·  POP 67,850  ·  NM

PROJECTED GROWTH: +1.5%

Otero County combines solid growth with real affordability — a rare combination.

[01] Why Otero County?

Otero County, New Mexico, is perhaps best known for White Sands National Park, a striking landscape of gypsum dunes that draws visitors for hiking, sand sledding, and stargazing. Located in southern New Mexico, the county seat, Alamogordo, is approximately 85 miles from El Paso, Texas. The area offers a blend of desert and mountain environments, with the Sacramento Mountains and Lincoln National Forest providing opportunities for hiking, camping, and skiing at Ski Cloudcroft, the southernmost ski resort in the country. Life in Otero County is shaped by its natural amenities and military presence. Holloman Air Force Base and White Sands Missile Range are significant employers, contributing to a community with a notable number of military retirees. The economy is driven by government employment, tourism, retail trade, and construction. Alamogordo Public Schools serve over 5,000 students across multiple campuses, including those from Holloman Air Force Base. The county has recently explored regional economic development initiatives with neighboring Lincoln County to attract businesses and boost tourism.

[02] Market Snapshot

Housing Ratio
3.2x

Undervalued relative to economy

GDP Growth
-0.5%

Contracting economy

Home Prices
-1.4%

Prices declining

Climate & Terrain
4.0

Favorable climate & terrain

Price/Rent
8x

Strong rental yield

Housing looks undervalued at 3.2x — home prices are low relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Otero County U.S. National

The Numbers

DEMOGRAPHICS
Population
67,850
+0.82% YoY
Median Household Income
$50,833
Median Home Value
$139,100
-1.42% 12mo
Median Rent
$882
Average Annual Pay
$50,017
+3.1% YoY
Employment
17,528
0.0% YoY
Income-to-Home-Value
0.3654
More affordable than average
Migration Inflow
2.38%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$264,900
Days on Market
86
Slower market
Months of Supply
5.9
Buyer's market
Listings w/ Price Drops
17.0%
Building Permits (2024)
6
Single-Family Permits
6

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth -0.5% 6 percentile
Population Growth +0.8% 65 percentile
Income Growth +8.3% 42 percentile
Vacancy Rate 1.7% 14 percentile
Home Price Change -1.4% 18 percentile
Rent Growth +3.5% 60 percentile
Price/Rent 8x 99 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Otero County, NM a good place to move to?

Otero County has a Boom Town Index score of 70/100, ranking #302 among 996 U.S. counties. With a median household income of $50,833, it's an above-average county on economic indicators.

Is Otero County affordable?

The median home value in Otero County is $139,100 with median rent at $882/month. The income-to-home-value ratio is 0.3654, which is more affordable than the national average.

Is Otero County growing or shrinking?

Population growth: +0.8% year-over-year. Job growth: 0.0%. Home values changed -1.4% in the past 12 months.

Are people moving to Otero County?

Yes — 2.38% of Otero County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Davidson County, NC 80 Hampden County, MA 80 Belknap County, NH 80 Camden County, NJ 80 Augusta County, VA 80 Naugatuck Valley Planning Region, CT 80 Box Elder County, UT 80 Boone County, IN 80