Cloudcroft, New Mexico.
Typical home $314,819 (-1.5% in a year). Alamogordo, NM metro.
to buy the typical home at today's mortgage rate — +$973 (+143%) since Jan 2020.
- 1 year
- Down $4,924 -2%
- $319,743$314,819 since Sep 2025
- 5 years
- Up $82,744 +36%
- $232,074$314,819 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.
- Cloudcroft$1,652
- New Mexico$1,658
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Cloudcroft, NM fell 1.5% over the past year — slower than the nation's +1.2%.
Living in Cloudcroft, Otero County, New Mexico
Cloudcroft is a village of 750 people in Otero County. Unemployment in Otero County was 4.9% in August 2026, and the county had 0.1% more jobs in 2025 than the year before. The most people in Otero County work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Cloudcroft is a small village in Otero County, high enough in the mountains that winters are colder and snowier than in most of the country, while summers stay mild, with the warmest month, June, never getting hot. Homes here are valued well above what a typical household income in the county would suggest, which is common in mountain towns with many second homes and visitors.
Work. Residents of the village mostly work in schools, hospitals and social care, in shops, in restaurants, hotels and entertainment, and in the building trades. Across Otero County, the largest workplaces include Gerald Champion Regional Medical CTR, Alamogordo Schools and Walmart. Unemployment in the county has risen a little over the past year, and the number of jobs has been close to flat.
Things to do. Ski Cloudcroft is a ski area in or beside town, and Lincoln National Forest, a protected area of woods and trails, is a short drive away. The Rio Penasco, a river, is also a short drive away. For a longer day out, White Sands National Park is a longer drive away.
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What people in Otero County work in
Employed residents by industry, from the Census survey. Otero County had 17,539 jobs in 2025, 0.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 42° and lows near 19°; warmest in June, with highs near 74° and lows near 45°. About 67 inches of snow and 28 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Cloudcroft weather station, under a mile away (NOAA).
Largest workplaces in Otero County
- Gerald Champion Regional Medical CTRGeneral hospital899FTE
- Alamogordo SchoolsSchool district678FTE
- WalmartWarehouse clubs and supercenters390
- Management & Training CorporationJails, privately operated261
- United SupermarketsSupermarket169
- WalmartSupermarkets and other grocery stores130
- New Mexico State University-AlamogordoTwo-year college126
- Lowe's Companies, INCHomecenter123
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 32 workplaces with 20 or more staff, 3,575 people in all across the county; Cloudcroft has two of its own. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- WildfireVery high
- Winter weatherVery high
- Inland floodingVery high
- LightningRelatively high
- Ice stormsRelatively moderate
- HailRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Cloudcroft’s census tracts, against the rest of the country; all of them together, very high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Otero County and the Alamogordo, NM metro.
Cloudcroft home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Cloudcroft$314,819
- New Mexico$315,812
- United States$366,157
Sellers are cutting prices on about 1 in 5 Cloudcroft listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Cloudcroft19.16%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Cloudcroft78
New listings per month
Sellers arriving at the market.
- Cloudcroft10
Zip codes with a Cloudcroft address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Cloudcroft — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.