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ZIP Code · NM

ZIP 88345

Part of Ruidoso, NM
Pop. 7,835·Lincoln County·12th most expensive ZIP in New Mexico
Median rent (all units)
$1,700/mo
Year-over-Year
Stable
Month-over-Month
+6.3%
vs US Median
-$265
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 88345 · $1,700
More affordable than 59% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$850
1 BR
$850
2 BR
$1,040
3 BR
$1,360
4 BR+
$1,680
Research median
$1,040/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$20,400/yr
At $1,700/mo median
Location
StateNM
CountyLincoln County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +6.3% MoM), not inventory.
Demographics

Who lives here

ZIP 88345 (Ruidoso, NM) is majority owner-occupied, has a large retiree population, has a median income below the national average, 38.4% of residents hold a bachelor's degree or higher.

Population
7,835
Median income
$53,971
Median age
47.7
Renters
29.8%
Age distribution
16%
17.6%
22%
15.6%
29%
Under 1816%
18–3417.6%
35–5422%
55–6415.6%
65+29%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
74.1%
28.2%
White74.1%
Black2.2%
Hispanic28.2%
Asian0.6%
Education (25+)
16.6%
40.9%
38.4%
No HS diploma4.1%
HS diploma16.6%
Some college40.9%
Bachelor's+38.4%
Housing tenure
70.2%
29.8%
Owner70.2%
Renter29.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 88345 in Ruidoso, NM has changed in 5 years

Income
$46,440 → $53,971
up 16.2%
Population
8,415 → 7,835
down 6.9%
Renter share
25.1% → 29.8%
+4.7 pts
Bachelor's+
29.1% → 38.4%
+9.3 pts
Median age
49.2 → 47.7
-1.5 yrs

Median household income rose from $46,440 to $53,971 between 2021 and 2024, a 16.2% shift. The population has contracted by 6.9% since 2021, moving from about 8,415 residents to roughly 7,835. Renters now make up 29.8% of households, compared with 25.1% five years ago. College-educated residents now make up 38.4% of adults here, versus 29.1% in 2021.

Community

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Local insights

Tips for renters in ZIP 88345

About renting in ZIP 88345

Last updated: June 22, 2026

ZIP code 88345 covers Ruidoso, NM. The median rent here is $1,700/mo as of June 2026. A 1-bedroom rents for a median of $850/mo. A 2-bedroom rents for a median of $1,040/mo.

At 38% of local median household income ($53,971/yr), ZIP 88345 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 88345?

As of June 22, 2026, the median monthly rent in ZIP 88345 (Ruidoso, NM) is $1,700. This is based on aggregated data from public sources and community submissions.

How does ZIP 88345 rent compare to the US average?

ZIP 88345's median rent of $1,700/mo is $265 (13%) below the US national median of $1,965/mo.

How does ZIP 88345 compare to other ZIPs in New Mexico?

ZIP 88345 is one of the pricier ZIP codes in New Mexico, ranking #12 out of 37 ZIPs tracked at $1,700/mo.

How much income do you need to rent in ZIP 88345?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (~$33/hour full-time) to afford the median rent of $1,700/mo in ZIP 88345. The local median household income is $53,971/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 88345?

Rent in ZIP 88345 has been relatively stable over the past year, with a 0.0% change year over year as of June 22, 2026.

Is ZIP 88345 an affordable place to rent?

ZIP 88345 is considered moderate for renters. At $1,700/mo, rent takes approximately 38% of the local median household income ($53,971/yr). The standard benchmark is 30%. ZIP 88345 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 88345 residents rent vs. own?

According to Census data, approximately 29.8% of ZIP 88345 households are renters, while 70.2% are owner-occupied. ZIP 88345 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 88345 compare to the rest of Ruidoso?

ZIP 88345 sits right at the Ruidoso citywide median of $1,700/mo.

When was rent data for ZIP 88345 last updated?

Rent data for ZIP 88345 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
38%
MODERATE

At $1,700/mo, rent takes ~38% of ZIP 88345's median household income ($53,971/yr). The standard benchmark is 30%.

ZIP 88345 38%Benchmark 30%
State income tax1.7–5.9%
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Schools nearby

Public schools near ZIP 88345 (Ruidoso, NM)

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