Gross rental yield of 8.37% — ranked #4 of 40 New Mexico ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -3.9% | +37.4% |
| Market rent | +0.4% | — |
Metro: Alamogordo, NM · County: Otero County · Annual rent: $18,552
Similar home values, sorted by yield — the cheapest way to see if 88310 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 87901 | Truth or Consequences | NM | $165,816 | $1,200 | 8.68% | 11.5 | +2.6% |
| 88201 | Roswell | NM | $230,789 | $1,520 | 7.90% | 12.7 | +2.0% |
| 88240 | Hobbs | NM | $200,981 | $1,299 | 7.75% | 12.9 | +3.2% |
| 88220 | Carlsbad | NM | $259,004 | $1,568 | 7.26% | 13.8 | +1.1% |
| 87401 | Farmington | NM | $275,208 | $1,335 | 5.82% | 17.2 | +5.1% |
| 88001 | Las Cruces | NM | $209,165 | $971 | 5.57% | 17.9 | -1.8% |
| 87102 | Albuquerque | NM | $250,105 | $1,151 | 5.52% | 18.1 | -0.3% |
| 88005 | Las Cruces | NM | $278,433 | $1,118 | 4.82% | 20.8 | +0.1% |
Top rental yields in all of New Mexico →
Screening more than one ZIP? Get every New Mexico ZIP and all 49 other states at once. CSV, opens in Excel / Sheets / pandas. 13 columns incl. metro, county, price-to-rent, 1y & 5y value and rent growth.
Instant download after checkout · what's inside