Ruidoso Downs, NM housing market
The typical Ruidoso Downs home is worth about $223,000, down 0.7% in a year, 30% below the New Mexico typical home.
Home values, sales, trends and how Ruidoso Downs compares with the towns next door — updated as new data is published.
Ruidoso Downs at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Ruidoso Downs | New Mexico |
|---|---|---|
| 2017 | $178,000 | $178,000 |
| 2018 | $184,000 | $184,000 |
| 2019 | $203,000 | $193,000 |
| 2020 | $199,000 | $205,000 |
| 2021 | $230,000 | $229,000 |
| 2022 | $254,000 | $263,000 |
| 2023 | $251,000 | $287,000 |
| 2024 | $241,000 | $302,000 |
| 2025 | $229,000 | $313,000 |
| 2026 | $229,000 | $315,000 |
| August 2026 | $223,000 | $318,000 |
No new homes permitted in 2025
No permits for new homes were issued in Ruidoso Downs in 2025. The last year with any was 2024 (3 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Ruidoso Downs's population fell by 195 even though 2 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. 15% of Ruidoso Downs's homes are seasonal or vacation homes, which adds housing without adding residents. Across New Mexico: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $300,000 |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 3 | 3 | 0 | $900,000 |
| 2023 | 4 | 4 | 0 | $1.1 million |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 3 | 3 | 0 | $314,000 |
| 2020 | 2 | 2 | 0 | $274,000 |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 1 | 1 | 0 | $33,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $341,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 3 | 3 | 0 | $438,000 |
| 2008 | 1 | 1 | 0 | $32,000 |
| 2007 | 1 | 1 | 0 | $121,000 |
| 2006 | 1 | 1 | 0 | $250,000 |
| 2005 | 4 | 4 | 0 | $679,000 |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
How Ruidoso Downs ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Ruidoso Downs and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Ruidoso Downs | $223K | −0.7% | $970 | 0 | $31,354 |
| Ruidoso | $320K | −3.9% | $1,030 | 111 | $52,736 |
7.1 years of income
The typical Ruidoso Downs home costs about 7.1 years of the town's median household income, more than across New Mexico (5 years).
How Ruidoso Downs ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Ruidoso Downs is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Ruidoso Downs pay a median of $936. A two-bedroom takes about 37% of the town's median household income, above the 30% guideline for affordable housing.
Studio $790 · 4 bedrooms $1,570
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (88346; Lincoln County, NM), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.