Best ZIP Codes for Cash Flow in Ruidoso, NM (2026)
Ranked by cap rate — the annual return on the purchase price before financing. ZIPs that also clear the 1% rule are marked.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 88301 | Carrizozo, NM | $153,194 | $891 | 4.54% | — |
| 2 | 88345 | Ruidoso, NM | $331,273 | $1,700 | 4.00% | 1.7% |
| 3 | 88316 | Capitan, NM | $262,195 | $981 | 2.92% | — |
| 4 | 88346 | Ruidoso Downs, NM | $241,707 | $873 | 2.82% | 0.6% |
| 5 | 88341 | Carrizozo, NM | $379,507 | $918 | 1.89% | — |
| 6 | 88312 | Alto, NM | $602,147 | $900 | 1.17% | 4.9% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →