88081 — Chaparral, NM Home Values
Typical home value $228,518 as of August 2026 · 5th of 8 in Alamogordo, NM
Blue: typical home value (Zillow ZHVI) in ZIP code 88081, August 2021 to August 2026. This page shows observed data only; no forecast.
How 88081 compares in the Alamogordo, NM area
ZIP code 88081 (Chaparral, NM) has a typical home value of $228,518 as of August 2026, ranking 5th of 8 ZIP codes tracked in the Alamogordo, NM area, more expensive than about 50% of ZIP codes in the metro. Prices here have moved -2.0% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +23.5%, from $185,005 in August 2021 to $228,518 in August 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Alamogordo, NM forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Alamogordo.
Population and demographics
ZIP code 88081 has a population of 18,334, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 87% Hispanic or Latino, 9% White, 1.2% Black or African American, 0.9% another race, 0.9% two or more races, 0.7% American Indian or Alaska Native, and 0.3% Asian.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| OTERO COUNTY PRISON | 10 MCGREGOR RANGE RD, CHAPARRAL, NM | 9.8 mi |
| YUCCA HEIGHTS ELEMENTARY | 580 ANGELINA BLVD, CHAPPARAL, NM | 12.9 mi |
| SUNRISE ELEMENTARY | 1000 COUNTY LINE DR, ANTHONY, NM | 12.9 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 88081?
$228,518 as of August 2026, the latest month Zillow has published observed data for.
Is 88081 an expensive ZIP code in the Alamogordo, NM area?
88081 ranks 5th of 8 ZIP codes in the Alamogordo, NM area by typical home value, more expensive than about 50% of ZIP codes in the metro.
How much have home values in 88081 changed over the past year?
-2.0% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 88081?
18,334, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 88081?
OTERO COUNTY PRISON (9.8 mi), YUCCA HEIGHTS ELEMENTARY (12.9 mi), SUNRISE ELEMENTARY (12.9 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 88081?
No. Every number on this page is observed Zillow data as of August 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Alamogordo, NM forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.