Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 108,082 people, 38,190 houses or apartments, and a median cost of homes of $394,075, Rio Rancho real estate is some of the most expensive in New Mexico, although Rio Rancho home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Rio Rancho, accounting for 87.07% of the city's housing units. Other types of housing that are prevalent in Rio Rancho include large apartment complexes or high rise apartments ( 5.19%), duplexes, homes converted to apartments or other small apartment buildings ( 3.31%), and a few row houses and other attached homes ( 2.28%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rio Rancho. Owner-occupied housing accounts for 80.71% of Rio Rancho's homes, and 77.15% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Rio Rancho built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rio Rancho built between 2000 and later ( 46.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.92%).
Appreciation rates for homes in Rio Rancho have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.79%, which ranks in the top 40% nationwide. This equates to an annual average Rio Rancho house appreciation rate of 7.33%.
NeighborhoodScout's data show that during the latest twelve months, Rio Rancho's appreciation rate, at 5.81%, has been at or slightly above the national average. In the latest quarter, Rio Rancho's appreciation rate has been 2.25%, which annualizes to a rate of 9.33%.
Relative to New Mexico, our data show that Rio Rancho's latest annual appreciation rate is lower than 50% of the other cities and towns in New Mexico.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Rio Rancho differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rio Rancho - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Rio Rancho real estate investment or home purchase decisions.
$394,075
for New mexico
for nation
38,190
$2,335 / per month