Ruidoso Downs, NM—88346
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | $230,000 | -3.5% |
| Single Family | $231,000 | -1.7% |
| Condos | $223,000 | -9.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Ruidoso Downs, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Ruidoso Downs, NM is 154. This is a increase of 40.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $248,000 | -17.0% |
Listing Count | 17 | 10.0% |
| Listings as % of Homes | 0.4% | 10.0% |
Days on Market | 154 | 40.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Ruidoso Downs, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $230,000 |
| Median Household Income | $33,200 |