88345, Ruidoso, NM

Ruidoso is a small town in the 88345 zip code of Ruidoso, NM. The population of Ruidoso was 9,527 as of the 2010 census. The median home value in the 88345 zip code is $135,000. There are 1,868 homes in the 88345 zip code that are currently for sale. The average list price for a home in the 88345 zip code is $149,000.

The median home equity in the 88345 zip code is $50,000. Home equity represents the difference between what a homeowner owes on their mortgage and what their home is worth. As of May 2015, there were 1,964 mortgages in the 88345 zip code that had an outstanding balance of over $50,000. This means that approximately 44% of all mortgages in the 88345 zip code have an outstanding balance greater than 50% of a home's value.

The average price per square foot for homes in the 88345 zip code is $107. This means that on average homes in this area are selling for 3 times more than what it costs to purchase them.

There has been an increase in demand for properties within the 88345 zip code over recent years due to its proximity to Albuquerque and Santa Fe as well as its low cost of living and strong economy. Additionally, many people who live within this area commute to jobs located outside of Ruidoso which has also contributed to increased demand for property within this area