88337
La Luz, New Mexico.
La Luz, Otero County, NM · Alamogordo, NM metro · population 1,859
to buy the typical home at today's mortgage rate — +$817 (+137%) since Jan 2020.
- 1 year
- Up $6,538 +2%
- $262,591$269,129 since Sep 2025
- 5 years
- Up $71,633 +36%
- $197,496$269,129 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 88337$1,413
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in zip 88337 rose 2.5% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: La Luz, NM — measured over the city limits, which is a different area from this zip.
Typical home value — 88337
Mid-tier homes, smoothed and seasonally adjusted.
- 88337$269,129
- Alamogordo$229,954
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 9.7 | 88325 | High Rolls Mountain Park | 1,370 | — | $340,967 |
| 15.1 | 88352 | Tularosa | 4,124 | — | $185,932 |
| 15.4 | 88317 | Cloudcroft | 2,077 | — | $301,991 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.