Ruidoso, NM is a small town nestled in the mountains of New Mexico. The housing median value is $274,800 which is lower than the US House Median Value of $338,100. Over the past year, the housing appreciation rate in Ruidoso has been 9.54%, higher than the US 1 year House Appreciation rate of 8.27%. This suggests that Ruidoso real estate has performed better than other areas across the US with regard to house appreciation over this period. This could be due to its location in a desirable mountain area and good economic conditions in the area, leading to higher demand for houses compared to other parts of the country.
The median home cost in Ruidoso (zip 88345) is $274,800. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Ruidoso (zip 88345) is up 12.5%.
Average Age of Homes
- The median age of Ruidoso (zip 88345) real estate is 36 years old
The Rental Market in Ruidoso (zip 88345)
- Renters make up 10.0% of the Ruidoso (zip 88345) population
- 5.0% of houses and apartments in Ruidoso (zip 88345), 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.