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Rent To Own Homes in Ruidoso Downs, NM

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Ruidoso Downs, NM Foreclosures

How much do homes sell for in Ruidoso Downs, NM?
The average home price is currently $231,116.
In Ruidoso Downs, NM, how many homes are available?
There are currently 1 active home listings available in Ruidoso Downs.
What’s the average rental cost in Ruidoso Downs, NM?
The average rental price in Ruidoso Downs is $1,051.
What is the most expensive home in Ruidoso Downs?
The most expensive home sold in Ruidoso Downs had a price of $2,960,677.
What is currently the cheapest priced home in Ruidoso Downs, NM?
The cheapest home for sale in Ruidoso Downs is priced at $43,195.

Living in Ruidoso Downs, NM

Ruidoso Downs, NM, is a quaint town nestled in the Sierra Blanca mountains, known for its horse racing and outdoor recreation. The area offers a small-town atmosphere with access to numerous trails, parks, and community events. Residents enjoy the balance of peaceful living with proximity to Ruidoso's amenities, making it an ideal location for nature lovers and families alike.

Current Market Conditions in Ruidoso Downs, NM

The real estate market in Ruidoso Downs has shown steady growth over the past year, with an increase in demand for both vacation homes and permanent residences. The scenic beauty and outdoor activities attract buyers looking for a second home or a quiet primary residence. There’s a mix of properties available, from cozy cabins to larger family homes, accommodating various buyer preferences.

With the ongoing trend of remote work, more individuals are contemplating relocating to Ruidoso Downs for its tranquil environment and beautiful landscapes. Home prices have gradually risen, yet they remain relatively affordable compared to larger urban areas in New Mexico.

Home Value Estimator For Ruidoso Downs, NM

There are currently 823 real estate properties in Ruidoso Downs, NM, with a median automated valuation model (AVM) price of $201,094.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ruidoso Downs, NM, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Ruidoso Downs, NM, is $231,116.00, with the most expensive house in Ruidoso Downs, NM, topping out at $2,960,677.00 and the cheapest home in Ruidoso Downs, NM, clocking in at $43,195.00. In other words, there’s something for every potential homebuyer or savvy investor in Ruidoso Downs, NM!

Rent Prices In Ruidoso Downs, NM

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ruidoso Downs, NM, is on a rollercoaster ride. The average rent price in Ruidoso Downs, NM, is $1,051.00. Indeed, when looking to rent in Ruidoso Downs, NM, you can expect to pay as little as $570.00 or as much as $1,980.00, with the average rent median estimated to be $1,040.00. The good news is that finding an affordable and desirable property to rent in Ruidoso Downs, NM -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Ruidoso Downs, NM Rent To Own Homes

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