88346
Ruidoso Downs, New Mexico.
Ruidoso Downs, Lincoln County, NM · Ruidoso, NM metro · population 3,191
to buy the typical home at today's mortgage rate — +$499 (+70%) since Jan 2020.
- 1 year
- Down $1,843 -1%
- $232,867$231,024 since Sep 2025
- 5 years
- Down $10,564 -4%
- $241,588$231,024 since Sep 2021
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.
- 88346$1,213
- United States$1,922
At the last five years' pace, prices here aren't rising.
Typical home values in zip 88346 fell 0.8% over the past year — slower than the nation's +1.2%.
Zillow also publishes an index for the city itself: Ruidoso Downs, NM — measured over the city limits, which is a different area from this zip.
Typical home value — 88346
Mid-tier homes, smoothed and seasonally adjusted.
- 88346$231,024
- 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 |
|---|---|---|---|---|---|
| 7.5 | 88345 | Ruidoso | 7,835 | — | $322,064 |
| 8.3 | 88312 | Alto | 3,287 | — | $596,028 |
| 18.2 | 88341 | Nogal | 653 | — | $368,159 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.