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Ruidoso Downs, NM Home Values and Rents

The typical home value in Ruidoso Downs is $220,797, 97th highest of 150 cities and towns in New Mexico. Median rent is $936 a month.

Typical home value
$220,797
97th of 150 in NM
Median rent
$936/mo
ACS 2020-2024
Price change, 1 year
-1.1%
Sep 2026
Homeownership
63.0%
NM: 70.0%

Typical home value in Ruidoso Downs

Zillow Home Value Index, all homes, middle tier

Show as a table
PeriodRuidoso Downs
Sep 2026$220,797
Dec 2025$225,637
Dec 2024$232,877
Dec 2023$243,560
Dec 2022$249,033
Dec 2021$253,358
Dec 2020$226,701
Dec 2019$196,067
Dec 2018$204,187
Dec 2017$183,389
Dec 2016$176,713
Dec 2015$185,038
Dec 2014$177,600
Dec 2013$171,933
Dec 2012$171,625

Over five years, Ruidoso Downs prices changed -10.1%.

Source: Zillow Research · Last updated 09/01/2026

Housing at a glance

American Community Survey 2020-2024 5-year estimates, compared with New Mexico

Median home value
$154,000 · NM $248,100
Median gross rent
$936/mo · NM $1,067
Home value to income
4.9 times the median household income ($31,354)
Rent to income
A year of median rent equals 36% of median household income
Owner-occupied
63.0% of 1,215 households
Housing units
1,487
Vacancy rate
18.3%
Median year built
1983

Fair Market Rents, FY2027

HUD rent standard for Lincoln County, NM

NM rents
Unit sizeMonthly rent
Studio$834
1 bedroom$839
2 bedrooms$1,063
3 bedrooms$1,355
4 bedrooms$1,667

Frequently asked questions

What is the typical home value in Ruidoso Downs, NM?
The typical home value in Ruidoso Downs is $220,797 (Zillow Home Value Index, Sep 2026). The New Mexico median is $248,100.
How much is rent in Ruidoso Downs?
The median rent in Ruidoso Downs is $936 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,063.
Are home prices going up in Ruidoso Downs?
The typical home value in Ruidoso Downs changed -1.1% over one year and -10.1% over five years, as of Sep 2026.
How does Ruidoso Downs compare with the rest of New Mexico?
Ruidoso Downs has the 97th highest median home value of 150 cities and towns with 1,000+ residents in New Mexico.