The story of this market
The typical home in Lincoln County, New Mexico sells for about $344,933, or $223 per square foot.
Prices are down 2.32% from a year ago, which gives buyers more room to negotiate. Homes take about 55 days to sell. Over the long run, values in this county have grown 119% since 2000. Last year 2 of 6 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is wildfire, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,063 a month.
HUD sets the fair market rent for a 2-bedroom at $1,063 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively High.
Price climate
Every year of price change, 2000–2025
-1.1%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+14%). Worst: 2011 (-4.5%). Hover to read a year.
Monthly price momentum
Home values since 2015
+3.3%
NM · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,355
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
-1.1%
2025 change
FHFA repeat-sales index, median of 6 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
92
Relatively High
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $27,784,084.
Mortgage activity
Home lending in this county
74.4%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 1053 | 538 | 74.4% | 7.3% | $195,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Lincoln County, New Mexico
Lincoln County is currently a buyer's market characterized by high inventory levels and longer days on market. While median home values remain elevated relative to local income, price growth has softened year-over-year. Buyers are currently exercising increased negotiating power, as evidenced by the sale-to-list price ratio.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 4 cities · 8 ZIP reports
Median prices moved up 1.8% year over year.
Homes spend a median of 33 days on market with 1.2 months of supply — a fast-moving market.
3% of listings have cut prices · homes sell at 34.88% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 0.0% — a stable, low-distress profile.
Deterministic aggregate of 8 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 29
researched Sep 29
researched Sep 29
researched Sep 29
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researched Sep 29
researched Sep 29
| 88301 | Carrizozo | $165,000 | $128 | +2.1% | 92 | 96.5% | 12% | 7 | 14 | $850 | researched Sep 29 |
| 88310 | Alamogordo | $235,000 | $155 | +4.8% | 51 | 98.2% | 12.5% | 2.5 | 331 | $1,150 | researched Sep 29 |
| 88316 | Capitan | $325,000 | $215 | +3.2% | 88 | 96.5% | 12% | 10.5 | 42 | $1,250 | researched Sep 29 |
| 88318 | Corona | — | — | — | — | — | — | — | — | — | researched Sep 29 |
| 88340 | Mescalero | $399,000 | $246 | -6.3% | 132 | — | — | — | 480 | $1,800 | researched Sep 29 |
| 88341 | Nogal | $329,000 | $439 | — | 180 | 100% | — | 12 | 1 | $1,200 | researched Sep 29 |
| 88345 | Ruidoso | $366,000 | $258 | +11.5% | 105 | 110% | — | 5.1 | 259 | $1,200 | researched Sep 29 |
| 88348 | San Patricio | $325,000 | $185 | +2.1% | 68 | 98.5% | 8.3% | 6 | 12 | $1,150 | researched Sep 29 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
The region faces wildfire risks common to the mountainous terrain of New Mexico.
The economy is driven by tourism and services, particularly in the Ruidoso area, with limited large-scale industrial infrastructure.
Property taxes are administered at the county level based on assessed valuations; specific exemptions and district rates are determined by local mill levies.
The area is known for mountain recreation, including proximity to the Lincoln National Forest and seasonal tourism activities.
The rental market is influenced by the tourism-heavy economy, with significant demand for short-term and seasonal housing.
The economy is primarily supported by tourism, hospitality, and service sectors, with Ruidoso serving as a key commercial hub.
Transportation is primarily reliant on personal vehicles via state highway corridors; public transit options are limited.
The Lincoln County Assessor manages property valuations for tax purposes.
Parcels may be subject to various local school district and municipal tax levies.
Property insurance costs are impacted by regional wildfire exposure and environmental hazards.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
Provides extensive outdoor recreation, hiking, and scenic areas.
Data sourced from US Census Bureau and Data Commons.
applies when — Applies to residential parcels governed by a Homeowner Association (HOA) as defined by state statute.
Parcels are subject to the declaration, bylaws, and rules of the association, including the obligation to pay common expense assessments and potential liens for unpaid assessments.
NMSA 1978 § 47-16-1 et seq.
applies when — Applies to the resale of a unit within a condominium association.
The unit owner must furnish the purchaser with a resale certificate containing the declaration, bylaws, rules, and a statement of monthly common expense assessments, unpaid assessments, and other fees. The purchaser is not liable for unpaid assessments exceeding the amount disclosed in the certificate.
NMSA 1978 § 47-7D-9.
Tax is calculated by applying a tax rate (expressed in mills) to the net taxable value. The net taxable value is defined as one-third (33.33%) of the taxable value of the property. The taxable value is generally the market value, subject to statutory limitations on annual valuation increases for residential property. The total tax obligation is the product of the net taxable value and the sum of applicable local and state mill levies.
NMSA 1978 § 7-36-21.2; Property Tax Facts 2021, New Mexico Department of Finance and Administration.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.