The Real Estate market in Alamogordo, NM has skyrocketed because of reallignment at Holloman Air Force Base. We have about two hundred homes in our property management and every one of them is leased. Also with your budget you could probably buy two investment properies here or one super nice one that would lease for a large amount. My name is Shawn and I am a Broker at ERA Simmons Real Estate. My cell phone is 575-443-3349 and e-mail is firstname.lastname@example.org, please call me I think I can help you.