Ruidoso, NM is a great place to buy a home, with the median housing value sitting at $282,600. This is significantly lower than the US house median value of $338,100. Additionally, the 1 year house appreciation rate in Ruidoso, NM is 9.54%, which is slightly higher than the national average of 8.27%. With its low median value and high appreciation rate, Ruidoso offers a great opportunity for potential buyers to get a good deal on their next home.
The median home cost in Ruidoso is $282,600. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Ruidoso is up 12.5%.
Average Age of Homes
- The median age of Ruidoso real estate is 36 years old
The Rental Market in Ruidoso
- Renters make up 11.3% of the Ruidoso population
- 5.3% of houses and apartments in Ruidoso, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.