Zip 88346 (Ruidoso Downs, NM) Housing

The housing market in Ruidoso Downs, NM (88346) has seen some significant growth over the past year. The median value of homes in the area is $195,200 - significantly lower than the US median value of $338,100. However, home appreciation in Ruidoso Downs has been much higher than the national average, with a one-year appreciation rate of 9.54%, compared to 8.27% for the nation overall. This suggests that Ruidoso Downs is a good place to invest in real estate right now, as it has experienced strong growth and may continue to do so in future years.

The median home cost in Ruidoso Downs (zip 88346) is $195,200. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Ruidoso Downs (zip 88346) is up 12.5%.

Average Age of Homes

- The median age of Ruidoso Downs (zip 88346) real estate is 37 years old

The Rental Market in Ruidoso Downs (zip 88346)

- Renters make up 22.3% of the Ruidoso Downs (zip 88346) population
- 2.8% of houses and apartments in Ruidoso Downs (zip 88346), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Ruidoso Downs, New Mexico	United States
	1,342.0	139,647,020.0
	41	42
	$195,200	$338,100
	12.5%	16.6%
	43.0%	57.0%
	56.6%	101.1%
	$6.30	$10.98
	$395	$2,690
	44.3%	57.4%
	24.2%	11.2%
	31.4%	31.4%
Vacant Housing
	2.8%	1.9%
	0.0%	0.4%
	3.1%	0.7%
	0.0%	0.4%
	4.6%	3.6%
	13.8%	4.1%
Value of Owner-Occupied Housing
	3.4%	2.6%
	28.9%	2.4%
	7.1%	2.8%
	8.2%	3.9%
	0.0%	4.5%
	30.6%	11.3%
	16.1%	13.0%
	0.0%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	5.7%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.6%	13.6%
	6.6%	13.6%
	22.1%	13.6%
	20.8%	13.2%
	20.6%	14.8%
	22.1%	13.6%
	16.2%	10.0%
	1.6%	4.7%
	2.9%	12.2%

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