What is the average home price in Ruidoso Downs, NM 88346?

As of May '26, the median home price in Ruidoso Downs, NM 88346 is $242,000, based on Zillow home estimates.

How have home prices in Ruidoso Downs, NM 88346 changed over the past year?

As of May '26, home prices have increased 2.0% over the past year, according to Zillow home estimates data.

What is the home price projection for Ruidoso Downs, NM 88346?

As of May '26, Zillow projects home prices in Ruidoso Downs, NM 88346 to decrease N/A in the next year.

What are the demographics of Ruidoso Downs, NM 88346?

According to the latest Census, the demographics of Ruidoso Downs, NM 88346 are 34.1% White, 0.2% Black, 0.2% Asian, 54.0% Hispanic. The population is 3,090, with 19.7% under 18 years old.

How long does it take homes to sell in Ruidoso Downs, NM 88346?

According to Realtor.com, as of May '26, the median home in Ruidoso Downs, NM 88346 is on the market for 70 days. This is a decrease of 48.0% from last year.

What is the average rent price in Ruidoso Downs, NM 88346?

The average rent price in Ruidoso Downs, NM 88346, as of the latest data, is N/A. The average rent for 1 bedroom homes is N/A. For 2, 3, and 4 bedroom homes, the average rent is N/A, N/A, and N/A respectively.

Ruidoso Downs, NM 88346 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Ruidoso Downs, NM—88346

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$242,000

2.0% YoY Growth

Household Income

$33,200

30.2% YoY Growth

Days on Market

48.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Ruidoso Downs, NM

Ruidoso Downs, NM lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$242,000	2.0%
Single Family	$249,000	3.8%
Condos	$209,000	-5.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Ruidoso Downs, NM

Ruidoso Downs, NM lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

11.3%

2 Bedrooms

39.7%

3 Bedrooms

49.0%

Property Listings — Ruidoso Downs, NM

As of May '26, Realtor.com reports that the median days on market for a home in Ruidoso Downs, NM is 70. This is a decrease of -48.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$244,000	-15.0%
Listing Count	28	39.0%
Listings as % of Homes	0.4%	39.0%
Days on Market	70	-48.0%

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Demographics — Ruidoso Downs, NM

As of the latest ACS Survey released in 2023, Ruidoso Downs, NM has a population of 3,090, which has increased by 7.4% over the past 5 years. Ruidoso Downs, NM is a moderately popular place for families, as children make up 19.7% of the population. The area has a poorly educated workforce, with 8.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,090	7.4%
% Under 18	19.7%	-41.0%
% Seniors	25.5%	52.7%
% WFH	0.0%	-100.0%
% w/ College Degree	8.7%	-33.6%

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As of the latest ACS Survey released in 2023, Ruidoso Downs, NM is a predominantly hispanic area, with 54.0% of the population identifying as hispanic. The hispanic population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Ruidoso Downs, NM is white, making up 34.1% of the population. Foreign-born residents account for 17.8% of the population in Ruidoso Downs, NM, and this percentage has increased by 6.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	34.1%	-16.2%
% Black	0.2%	-91.3%
% Hispanic	54.0%	-5.1%
% Asian	0.2%	∞%
% Foreign Born	17.8%	6.6%

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Mortgage and Risk — Ruidoso Downs, NM

According to HUD data as of 2023, there were 98 mortgage originations in Ruidoso Downs, NM, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Ruidoso Downs, NM. Investor activity is low, as 5.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	98
% Conventional Loans	72.0%
% Government Loans	28.0%
% Investor Loans	5.0%
% Second Loans	18.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Ruidoso Downs, NM

Ruidoso Downs, NM lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	23
Total Units Section 8	23
% 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	$790
2 Bedroom	N/A	N/A	$930
3 Bedroom	N/A	N/A	$1,270
4 Bedroom	N/A	N/A	$1,560

Ruidoso Downs, NM—88346

Key Metrics at a Glance

Home Price Trends — Ruidoso Downs, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ruidoso Downs, NM

% of Rental Stock

Property Listings — Ruidoso Downs, NM

Demographics — Ruidoso Downs, NM

Race and Ethnicity

Mortgage and Risk — Ruidoso Downs, NM

Mortgages

Rentals and Section 8 — Ruidoso Downs, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Ruidoso Downs, NM

Home Price to Income Ratio

Ruidoso Downs, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Glencoe, NM

Ponderosa Heights

Ruidoso, NM

Alto, NM

Glencoe, NM

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7.6
Median Home Price	$242,000
Median Household Income	$33,200