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ZIP 88311

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.New Mexico
$87K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
2
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$127K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Jul 2023 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Market Trends

Sale pricesThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.MedianSales
AprJul
Price per square footThe middle price per square foot, for sales where the size is known. It adjusts for homes being different sizes.$/ft²
AprJul
Annual turnover (share of homes sold)The share of all homes here that sold in the trailing 12 months. Higher turnover means a more liquid market where homes trade hands more often.Turnover
AprJul
Buyer mixWho is buying. Cash means no mortgage was recorded, investor means the buyer looked like an investor, and flip means the home resold within a year.CashInvestorFlip resale
AprJul
Financing (share of purchase price)For buyers who borrowed: the middle share of the price they financed, and the middle share they paid up front.Loan (LTV)Down payment
AprJul
Preforeclosure filingsForeclosure notices filed each month. A rise can be an early sign that more owners are struggling. Auction stage counts the filings that reached a scheduled foreclosure auction.FilingsAuction stage
May

Housing Stock

HomesHow many homes we have records for in this area.201
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$127K
Median sizeThe middle home size here, measured in square feet.1,478 ft²
Median bedroomsThe middle bedroom count for homes here.3
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1977
Single familyThe share of homes here that are single-family houses.79%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.77%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.5.4%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.39%
Company ownedThe share of homes owned by a company or trust instead of a person.6.0%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.0%
Typical ownership tenureHow long the typical owner here has held their home.16.8 yrs

Market metrics are derived from recorded arms-length deeds and refreshed nightly. Temperature blends price momentum, sales velocity, turnover and resale outcomes, ranked against all ZIP codes nationally.

How ZIP 88311 compares

By median home value, ZIP 88311 is the 10th most expensive of 10 ZIP codes in Otero County, and its typical home is worth more than 19% of all homes in Otero County.

Home values in ZIP 88311

Share of homes at each estimated value.

Median
$61K$260K
ZIP codes in Otero County ranked by median home value
#Otero CountyMedian valueHomes
1High Rolls Mountain Park 88325$585K566
2Mayhill 88339$468K679
3Cloudcroft 88317$401K2,625
4Pinon 88344$242K123
5La Luz 88337$237K918
6Sacramento 88347$226K210
7Alamogordo 88310$191K12,963
8Timberon 88350$182K553
9Tularosa 88352$157K1,733
1088311$127K201

About the ZIP 88311 market

What is the median home price in ZIP 88311, NM?

The median sale price in ZIP 88311, NM is $86,950 (data through July 2023), based on deeds recorded with the county.

How many homes sell in ZIP 88311, NM each year?

2 homes sold in ZIP 88311, NM over the last 12 months (data through July 2023). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in ZIP 88311, NM?

ZIP 88311, NM contains 201 residential properties, with a median of 1,478 square feet, 3 bedrooms, built around 1977. The median TopHap Estimate is $127K.

How does ZIP 88311, NM compare to the rest of Otero County?

By median home value, ZIP 88311, NM is the 10th most expensive of 10 ZIP codes in Otero County. Its typical home is worth more than 19% of all homes in Otero County. Tularosa 88352 ranks just above it. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in ZIP 88311, NM?

39% of homes in ZIP 88311, NM are owner-occupied. 6% are held by a company rather than an individual.

How much equity do owners in ZIP 88311, NM hold?

77% of mortgaged homes in ZIP 88311, NM are equity-rich, meaning the loan balance is under half the home's value. 5.4% owe more than the home is worth.

Browse addresses

Every street and address TopHap holds is browsable by state, county and city. Browse New Mexico property records.

Explore ZIP 88311 on the map

See every recorded sale, price heat map, school zone and flood overlay across ZIP 88311 in TopHap’s interactive 3D map.

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A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map