ZIP Code · NM

ZIP 88310

Part of Alamogordo, NM

Pop. 36,983·Otero County·18th most expensive ZIP in New Mexico

Median rent (all units)

$1,533/mo

Year-over-Year

+4.8%

Month-over-Month

+0.6%

vs US Median

-$399

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 88310 · $1,533

More affordable than 71% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$670

1 BR

$790

2 BR

$970

3 BR

$1,350

4 BR+

$1,640

Research median

$970/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 88310 is at its highest level since Zillow's records here began in March 2023.

Past year vs. the rest of New Mexico

Rent in ZIP 88310 changed +4.8% over the year to September 2026. Across the 32 New Mexico ZIP codes Zillow tracks, the typical change was +3.2%.

Recent direction

Rent has risen 4 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($57,214) is $1,430 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,350); a 4-bedroom is $1,640.

From Zillow's monthly rent index (ZORI) for ZIP 88310. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,396/yr

At $1,533/mo median

Location

CityAlamogordo

StateNM

CountyOtero County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.8% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 88310 (Alamogordo, NM) is majority owner-occupied, has a median income below the national average, 25.7% of residents hold a bachelor's degree or higher.

Population

36,983

Median income

$57,214

Median age

38.2

Renters

34.4%

Age distribution

20.8%

25.1%

22.8%

19.6%

Under 1820.8%

18–3425.1%

35–5422.8%

55–6411.6%

65+19.6%

Gender

53.6%

46.4%

Male53.6%

Female46.4%

Race & ethnicity

62.8%

31.9%

White62.8%

Black5%

Hispanic31.9%

Asian2.1%

Education (25+)

27%

40.1%

25.7%

No HS diploma7.2%

HS diploma27%

Some college40.1%

Bachelor's+25.7%

Housing tenure

65.6%

34.4%

Owner65.6%

Renter34.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 88310 in Alamogordo, NM has changed in 5 years

Rent

$1,304 → $1,533

up 17.6%

Income

$48,096 → $57,214

up 19.0%

Population

37,138 → 36,983

down 0.4%

Renter share

35.6% → 34.4%

-1.2 pts

Bachelor's+

22.9% → 25.7%

+2.8 pts

Median age

39.6 → 38.2

-1.4 yrs

Since 2023, the typical rent in ZIP 88310 in Alamogordo, NM has increased from $1,304 to $1,533, a 17.6% change over five years. Census figures show median household income at $57,214 today, compared with $48,096 five years earlier. College-educated residents now make up 25.7% of adults here, versus 22.9% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

Community

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Local insights

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About renting in ZIP 88310

Last updated: October 17, 2026

ZIP code 88310 covers Alamogordo, NM. The median rent here is $1,533/mo as of October 2026. A 1-bedroom rents for a median of $790/mo. A 2-bedroom rents for a median of $970/mo.

At 32% of local median household income ($57,214/yr), ZIP 88310 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 88310?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (about $29/hour full-time) to afford the median rent of $1,533/mo in ZIP 88310. The local median household income is $57,214/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 88310?

Rent in ZIP 88310 has risen 4.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2023.

How does ZIP 88310 compare to other ZIPs in New Mexico?

ZIP 88310 is in the middle among New Mexico ZIP codes for rent, ranking #18 of 36 at $1,533/mo. Over the year to September 2026, rent in ZIP 88310 changed +4.8%, against a typical +3.2% across the 32 New Mexico ZIP codes Zillow tracks.