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📍 Carrizozo, NM · Zillow ZHVI · July 2026

Average Home Price in
Carrizozo, NM

Ruidoso, NM metro area · Lincoln County County

Median Home Value
$145,303
↓ 5.8% year-over-year
vs. National Median
$410,000
Carrizozo is 65% below
Est. Monthly Payment
$758/mo
20% down · 6.8% rate
Income Needed
$39K
gross annual (30% rule)
Median Home Value
$145,303
↓ 5.8% year-over-year
Down Payment (20%)$29,061
Monthly P&I$758/mo
With Taxes & Ins.~$963/mo
Income Needed$38,520/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Carrizozo, NM

The median home value in Carrizozo, NM is $145,303 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.8% compared to a year ago and down 12.3% from two years prior.

Compared to the U.S. national median of $410,000, homes in Carrizozo are priced65% below average. Carrizozo is part of the Ruidoso, NM metro area.

City Comparison

Carrizozo vs. National Median

🏠 Carrizozo
$145,303
National Median
$410,000

At $145,303, homes in Carrizozo cost 65% below the national median of $410,000. This makes Carrizozo a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Carrizozo?

20% Down Payment
$29,061
on $145,303
Monthly P&I
$758/mo
30-yr @ 6.8%
Total Monthly Est.
~$963/mo
incl. taxes & insurance
Income Needed
$38,520
gross annual (30% rule)
10% Down Option
$14,530
+ PMI applies
Loan Amount (20% dn)
$116,242
at current rates

Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.

FAQ

Frequently Asked Questions

What is the average home price in Carrizozo, NM?
The median home value in Carrizozo is $145,303 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.8% year-over-year.
How much have home prices changed in Carrizozo?
Over the past year, home values in Carrizozo have decreased by 5.8%.
How much do I need to earn to buy a home in Carrizozo?
To comfortably afford the median home price of $145,303 with a 20% down payment ($29,061) at today's rates (6.8%), you'd need a gross annual income of approximately $38,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Carrizozo compare to the national average home price?
The national median home value is approximately $410,000. At $145,303, homes in Carrizozo are 65% below the national average.
What metro area is Carrizozo part of?
Carrizozo is part of the Ruidoso, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.