Ruidoso Downs, NM Real Estate

Ruidoso Downs, New Mexico Real Estate

Ruidoso Downs is a small city immediately east of Ruidoso at a slightly lower elevation of approximately 6,400 feet in the Rio Ruidoso canyon. The 2020 U.S. Census recorded a population of 2,337. The city is home to Ruidoso Downs Race Track, which hosts thoroughbred and quarter horse racing including the prestigious All American Futurity—the world's richest quarter horse race with a purse of over $3 million. Ruidoso Downs is served by Ruidoso Municipal Schools.

Real Estate Overview

Ruidoso Downs offers more affordable real estate than neighboring Ruidoso while still providing access to the same mountain environment and recreational amenities. The housing stock includes single-family homes, mobile homes, and some cabin-style properties. Buyers who want mountain living at a lower price point than Ruidoso's premium market often look to Ruidoso Downs as an entry into the area. Race track events during the summer season bring significant visitor traffic that supports local businesses. Properties near the race track may have vacation rental potential during the racing season.