Market Overview
Home Prices in Ruidoso Downs, NM
The median home value in Ruidoso Downs, NM is $218,691 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.2% compared to a year ago and down 6.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ruidoso Downs are priced47% below average. Ruidoso Downs is part of the Ruidoso, NM metro area.
Over the past five years, Ruidoso Downs home values have fallen by approximately4.9%, reflecting softening conditions in this market.
Price History
Ruidoso Downs Home Price Trend
City Comparison
Ruidoso Downs vs. National Median
At $218,691, homes in Ruidoso Downs cost 47% below the national median of $410,000. This makes Ruidoso Downs a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ruidoso Downs?
20% Down Payment
$43,738
on $218,691
Monthly P&I
$1,141/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,449/mo
incl. taxes & insurance
Income Needed
$57,960
gross annual (30% rule)
10% Down Option
$21,869
+ PMI applies
Loan Amount (20% dn)
$174,953
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 Ruidoso Downs, NM?
The median home value in Ruidoso Downs is $218,691 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.2% year-over-year.
How much have home prices changed in Ruidoso Downs?
Over the past year, home values in Ruidoso Downs have increased by 1.2%. Over five years, prices have fallen approximately 4.9%.
How much do I need to earn to buy a home in Ruidoso Downs?
To comfortably afford the median home price of $218,691 with a 20% down payment ($43,738) at today's rates (6.8%), you'd need a gross annual income of approximately $57,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Ruidoso Downs compare to the national average home price?
The national median home value is approximately $410,000. At $218,691, homes in Ruidoso Downs are 47% below the national average.
What metro area is Ruidoso Downs part of?
Ruidoso Downs is part of the Ruidoso, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.