Real Estate Investing in Tularosa, New Mexico (88352)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 88352 (Tularosa, NM)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 37.9% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Tularosa, NM (88352)?
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Market Analysis: 88352 Tularosa
ZIP 88352 inside Otero County looks affordable on the surface — median value of $185K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 88352 is substantial only for operators who understand what they are buying. A $185K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader NM picture, 88352 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A durable renter share of 15% in 88352 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Tularosa:
Property Strategy for 88352
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $146,274 | $970 | 4.8% | +9.4% | $73,137 |
| 3BR | $188,943 | $1,350 | 5.1% | +9.4% | $62,981 |
| 4BR | $274,480 | $1,640 | 4.3% | +8.1% | $68,620 |
Market Trends
Home Value History (with trend line)
📊 How Does 88352 Compare?
| Metric | 88352 | Tularosa | Alamogordo, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $184,943 | $184,943 | N/A | $308,799 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 7.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 88352 (Tularosa, NM). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $184,943 |
| Monthly Rent | $873 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 88352
Population: 4,211
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 88352
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What is the average home sale price in Tularosa, NM?
Typical homes in Tularosa, NM go for around $185K. The 5-year CAGR of 0.0% consistent price movement.
Is real estate in Tularosa, NM a good investment right now?
Tularosa, NM rates 3.0/5 for investability. With median values at $185K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
What does house hacking look like in Tularosa, NM?
For house hackers, Tularosa, NM is a challenging. The $873/mo rent on a unit helps defray the mortgage on a $185K property.
How strict are landlord regulations in Tularosa, NM?
Rental owners in Tularosa, NM deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Are tenants stable in Tularosa, NM?
Working renters make up the core of the Tularosa, NM tenant base. The pool is reasonable for investors targeting long-term holds.
You know 88352 now. You don’t know where it ranks.
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How 88352 ranks in Alamogordo, NM
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