88341
Carrizozo, New Mexico.
Carrizozo, Lincoln County, NM · Ruidoso, NM metro · population 653
to buy the typical home at today's mortgage rate — $36 (-2%) since Dec 2023.
- 1 year
- Down $4,891 -1%
- $373,050$368,159 since Sep 2025
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 88341$1,932
- United States$1,922
Typical home values in zip 88341 fell 1.3% over the past year — slower than the nation's +1.2%.
Zillow also publishes an index for the city itself: Carrizozo, NM — measured over the city limits, which is a different area from this zip.
Typical home value — 88341
Mid-tier homes, smoothed and seasonally adjusted.
- 88341$368,159
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 10.0 | 88312 | Alto | 3,287 | — | $596,028 |
| 12.9 | 88345 | Ruidoso | 7,835 | — | $322,064 |
| 17.0 | 88301 | Carrizozo | 1,197 | — | $149,290 |
| 18.2 | 88346 | Ruidoso Downs | 3,191 | — | $231,024 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.