Ruidoso, NM—88345
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ruidoso, NM
Ruidoso, NM lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $329,000 | -4.7% |
| Single Family | $344,000 | -3.4% |
| Condos | $253,000 | -3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $252,000 | 0.0% |
3 Bed | $391,000 | 1.0% |
4 Bed | $504,000 | -0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ruidoso, NM
As of July '25, Rentcast reports the average rent in Ruidoso, NM is $1,770, with a year-over-year rent change of -14.5%. Per bedroom, the median rent as of July '25 in Ruidoso, NM is 2-bedrooms: $1,580, 3-bedrooms: $1,800, 4-bedrooms: $2,400. The most common rental property sizes in Ruidoso, NM are 2-bedroom and 3-bedroom, accounting for 42.7% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,770 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,600 | $1,580 |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Ruidoso, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Ruidoso, NM is 134. This is a increase of 64.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $399,000 | -10.0% |
Listing Count | 274 | 29.0% |
| Listings as % of Homes | 1.2% | 29.0% |
Days on Market | 134 | 64.0% |
Demographics — Ruidoso, NM
As of the latest ACS Survey released in 2023, Ruidoso, NM has a population of 7,750, which has decreased by -8.0% over the past 5 years. Ruidoso, NM is a moderately popular place for families, as children make up 20.0% of the population. The area has a moderately educated workforce, with 33.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,750 | -8.0% |
% Under 18 | 20.0% | 39.9% |
% Seniors | 25.6% | -15.5% |
% WFH | 15.0% | 294.7% |
% w/ College Degree | 33.1% | 3.4% |
As of the latest ACS Survey released in 2023, Ruidoso, NM is a predominantly white area, with 63.9% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Ruidoso, NM is hispanic, making up 28.3% of the population. Foreign-born residents account for 6.5% of the population in Ruidoso, NM, and this percentage has decreased by 36.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 63.9% | -5.2% |
% Black | 1.7% | 70.0% |
% Hispanic | 28.3% | -1.0% |
% Asian | 1.0% | -9.1% |
% Foreign Born | 6.5% | -36.9% |
Mortgage and Risk — Ruidoso, NM
According to HUD data as of 2023, there were 219 mortgage originations in Ruidoso, NM, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Ruidoso, NM. Investor activity is low, as 8.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 219 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 8.0% |
% Second Loans | 41.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Ruidoso, NM
Ruidoso, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 47 |
Total Units Section 8 | 47 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 59.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | -$650 | $1,600 | $950 |
| 3 Bedroom | -$510 | $1,800 | $1,290 |
| 4 Bedroom | -$820 | $2,400 | $1,580 |
Affordability — Ruidoso, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $329,000 |
| Median Household Income | $51,000 |