ZIP Code 88341

In ZIP code 88341, near Ruidoso, homes carry a median value of $365,400 while the county's effective property tax rate sits at 0.53%. That combination yields an annual tax bill well above what many households bring in: median household income here is $48,393, and per-capita income reaches $41,362. A 4.88% combined sales tax adds further cost to everyday purchases. The gap between home values and earnings shapes who can buy and stay in this area, since property taxes alone consume a meaningful share of yearly income for a household near the median.