Expensive
Affordable
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These days, finding an affordable place to live in the Ruidoso Downs area can be challenging. Home prices in Ruidoso Downs are now at a median cost of $204,185, lower than the New Mexico average of $265,486.
The average cost of rent is $876/mo in Ruidoso Downs, primarily driven by the current value of real estate in the Ruidoso Downs area. In Ruidoso Downs, 32.14% of households rent, and 55.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ruidoso Downs is $4,029 per month. Households that rent pay about 21.74% of their income on rent here. Ruidoso Downs’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ruidoso, NM: higher priced homes
- Glencoe, NM: higher priced homes
- Alto, NM: higher priced homes
- Sierra Vista, NM: higher priced homes
- Ponderosa Heights, NM: less expensive homes
- Fort Stanton, NM: higher priced homes
- San Patricio, NM: higher priced homes
- Hondo, NM: higher priced homes
- Picacho, NM: higher priced homes
- Roswell, NM: less expensive homes
Cities with Similar Populations
- Byrnes Mill, MO: higher priced homes
- Double Oak, TX: higher priced homes
- Spartansburg, PA: less expensive homes
- Hotchkiss, CO: higher priced homes
- Jasonville, IN: less expensive homes
- Johnson City, TX: higher priced homes
- Julian, CA: higher priced homes
- Mead, OK: less expensive homes
- Melba, ID: higher priced homes
- Ocean Grove, NJ: higher priced homes
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