Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 7,796, 3,593 total housing units (homes and apartments), and a median house value of $342,860, Ruidoso real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Ruidoso, accounting for 71.54% of the village's housing units. Other types of housing that are prevalent in Ruidoso include mobile homes or trailers ( 16.47%), large apartment complexes or high rise apartments ( 4.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.64%).
The most prevalent building size and type in Ruidoso are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 63.92% owning and 36.08% renting.
There is a lot of housing in Ruidoso built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ruidoso built between 1940-1969 ( 21.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.23%).
A decent proportion of the Ruidoso housing stock is seasonally occupied. That is, homes and condos in Ruidoso are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Ruidoso housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Ruidoso have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.44%, which ranks in the top 50% nationwide. This equates to an annual average Ruidoso house appreciation rate of 6.31%.
NeighborhoodScout's data show that during the latest twelve months, Ruidoso's appreciation rate, at 5.72%, has been at or slightly above the national average. In the latest quarter, Ruidoso's appreciation rate has been -0.37%, which annualizes to a rate of -1.47%.
Relative to New Mexico, our data show that Ruidoso's latest annual appreciation rate is lower than 70% of the other cities and towns in New Mexico.
$342,860
for New mexico
for nation
3,593
$1,276 / per month