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  • Rio Rancho

    Why you'd want to live in Rio Rancho

    The third-largest city in New Mexico, Rio Rancho is surrounded by scenic desert landscapes and views of the Sandia Mountains. It has emerged as an alternative to nearby Albuquerque, attracting numerous residents with a high quality of life and plentiful amenities. The rapidly growing city boasts good schools and a reputation as one of the safest places in the state. Family incomes are well above the state median, while housing costs are still modest. Rio Rancho has also been surging economically in the past decade. By far the area’s largest employer is Intel, which has a $2 billion facility located here. But other employers include major companies like Hewlett Packard and Walmart, as well as schools like University of New Mexico West Campus and Central New Mexico Community College. via money.com

    Rio Rancho Market Report

    $241,520

    AVERAGE PRICE OF 1,130 HOMES

    $279,990

    AVERAGE PRICE OF 10 DISTRESSED HOMES

    $1,874,000

    AVERAGE PRICE OF 8 MULTI-MILLION DOLLAR HOMES

    $450,277

    AVERAGE PRICE OF 194 NEWLY BUILT HOMES

    $639,136

    AVERAGE PRICE OF 19 HOMES WITH A POOL

    $366,830

    AVERAGE PRICE OF 26 REDUCED PRICE HOMES

    Average Home

    Average Price $241,520
    Avg Bedrooms 1.55 beds
    Avg Bathrooms 1.16 baths

    Average Price by Bedrooms

    2 bedrooms $261,254
    3 bedrooms $394,091
    4 bedrooms $474,934
    5 bedrooms $604,709
    Rio Rancho Home Price Trends
      11/2023 10/2023 9/2023 8/2023 7/2023
    Total Listings 1,142 1,146 1,130 1,116 1,086
    Average Price $240,827 $242,531 $241,968 $240,192 $232,369
    Avg Price Change -0.71% +0.23% +0.74% +3.37% -1.54%
    Median Price $177,770 $187,584 $165,970 $154,950 $127,625
    Med Price Change -5.52% +13.02% +7.11% +21.41% -8.16%
    Avg Bedrooms 1.57 beds 1.62 beds 1.6 beds 1.57 beds 1.5 beds
    Avg Bathrooms 1.16 baths 1.18 baths 1.18 baths 1.16 baths 1.11 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Cibola 23 $413,847 80 days
    Rio Rancho 133 $368,619 97 days
    V. Sue Cleveland 210 $321,279 127 days
    Volcano Vista 3 $345,475 201 days
    West Mesa 2 $19,897 409 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 1,130 $241,520 159 days
    Distressed Homes 10 $279,990 69 days
    Multi-Million Dollar Homes 8 $1,874,000 158 days
    Newly Built Homes 194 $450,277 80 days
    Homes with a Pool 19 $639,136 49 days
    Reduced Price Homes 26 $366,830 86 days