ZIP Code Market Report
88345 — Ruidoso, NM
Data through February 2026 · Updated monthly
Avg Home Value
$331,689
▼ 0.9% year-over-year
Month-over-Month
-0.1%
▼ 0.1%
Single Family
$343,749
Condo / Co-op
$239,679
The average home value in the 88345 ZIP code (Ruidoso, New Mexico) is $331,689 as of February 2026. Home prices are stable, down 0.9% compared to last year.
A 3-bedroom home in 88345 is valued at $386,129. Single-family homes average $343,749, while condos average $239,679.
The market in 88345 has a $263,451 spread between bottom-tier homes at $225,348 and top-tier homes at $488,799. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Lincoln County market area in New Mexico. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Lincoln County report.
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Market Snapshot
88345 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $331,972 | $332,109 | $331,689 | ▼ 0.1% |
| Single Family Value | $340,139 | $341,386 | $343,749 | ▲ 1.1% |
Home Values
88345 Home Value Trend
Historical home values for ZIP code 88345. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 88345
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $247,530 |
| 3 Bedrooms | $386,129 |
| 4 Bedrooms | $501,906 |
Property Types
Home Values by Property Type in 88345
How different property types compare in this ZIP code.
All Homes
$331,689
Single Family
$343,749
Condo / Co-op
$239,679
Bottom Tier
$225,348
Top Tier
$488,799
Data Sources and Methodology
Home value data for ZIP code 88345 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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