ZIP Code · NM

ZIP 88345

Part of Ruidoso, NM

Pop. 7,835·Lincoln County·13th 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

-$232

Reported rents

Rising (Monthly)

Be the first to discuss 88345 rents ↓

Most AffordableMost Expensive

ZIP 88345 · $1,700

More affordable than 57% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

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

Loading…

Last updated: June 22, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($53,971) is $1,349 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,040); a 3-bedroom is $1,360.

From Zillow's monthly rent index (ZORI) for ZIP 88345. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,400/yr

At $1,700/mo median

Location

CityRuidoso

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

Discussions about ZIP 88345

No discussions yet. Start the conversation.

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 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 (about $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, so the typical household falls short of that bar.