Ruidoso, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ruidoso, NM Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ruidoso Housing Market Information

With 7,739 people, 3,560 houses or apartments, and a median cost of homes of $159,344, Ruidoso real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Ruidoso, accounting for 66.34% of the village's housing units. Other types of housing that are prevalent in Ruidoso include mobile homes or trailers ( 17.17%), large apartment complexes or high rise apartments ( 6.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.50%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ruidoso. Owner-occupied housing accounts for 77.61% of Ruidoso's homes, and 50.97% have either three or four bedrooms, which is average sized relative to America.

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 ( 21.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.33%). There's also some housing in Ruidoso built before 1939 ( 4.11%).

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.

Ruidoso Home Appreciation Rates

Real estate appreciation rates in Ruidoso's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.01% during the period.

NeighborhoodScout's data show that during the latest twelve months, Ruidoso's appreciation rate, at 5.16%, has been at or slightly above the national average. In the latest quarter, Ruidoso's appreciation rate has been 1.52%, which annualizes to a rate of 6.23%.

Relative to New Mexico, our data show that Ruidoso's latest annual appreciation rate is lower than 50% of the other cities and towns in New Mexico.

Average Home Values

 

Median Home Value:
$159,344

Ruidoso, NM HOME PRICES

Value Range
> $1,043,000 0.6
$782,001 - $1,043,000 2.7
$522,001 - $782,000 4.3
$417,001 - $522,000 8.0
$313,001 - $417,000 8.5
$209,001 - $313,000 16.6
$104,001 - $209,000 38.8
$52,001 - $104,000 13.6
$0 - $52,000 6.9

High for NM
Average for Nation

Value Relative to Nation Value Relative to State
45.980311730927 29.3103448275862

Number Of Homes And Apartments:
3,560

Ruidoso Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NM*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
57.80% 2.68% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$982 / per month

Homeownership Rate

Homeownership
Owners 77.61
Renters 22.39
Vacant 58.09

Housing Market Details

 

Age of Homes

AGE OF Ruidoso HOMES
2000 or Newer 9.3
1970 - 1999 65.2
1940 - 1969 21.4
1939 or Older 4.1

Types of Homes

TYPE OF Ruidoso HOMES
Single-Family 66.3
Townhomes 4.2
Small Apt. Buildings 5.5
Apt. Complexes 6.8
Mobile Homes 17.2
Other 0.0

Home Size

SIZE OF Ruidoso HOMES
No Bedroom 2.46
1 Bedroom 8.46
2 Bedrooms 33.36
3 Bedrooms 42.66
4 Bedrooms 8.31
5 or more bedrooms 4.74

Popular Neighborhoods in Ruidoso

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Zip Codes in Ruidoso, NM