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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

    $224,159

    AVERAGE PRICE OF 998 HOMES

    $208,440

    AVERAGE PRICE OF 5 DISTRESSED HOMES

    $2,556,250

    AVERAGE PRICE OF 4 MULTI-MILLION DOLLAR HOMES

    $454,348

    AVERAGE PRICE OF 129 NEWLY BUILT HOMES

    $655,571

    AVERAGE PRICE OF 7 HOMES WITH A POOL

    $444,080

    AVERAGE PRICE OF 12 REDUCED PRICE HOMES

    Average Home

    Average Price $224,159
    Avg Bedrooms 1.45 beds
    Avg Bathrooms 1.09 baths

    Average Price by Bedrooms

    2 bedrooms $252,628
    3 bedrooms $395,949
    4 bedrooms $473,564
    5 bedrooms $567,691
    Rio Rancho Home Price Trends
      3/2023 2/2023 1/2023 12/2022 11/2022
    Total Listings 1,002 1,011 1,000 1,043 1,104
    Average Price $214,842 $218,319 $217,448 $217,447 $231,586
    Avg Price Change -1.62% +0.40% +0.00% -6.50% -1.91%
    Median Price $93,768 $104,004 $104,595 $111,957 $157,407
    Med Price Change -10.92% -0.57% -7.04% -40.60% -10.82%
    Avg Bedrooms 1.39 beds 1.42 beds 1.43 beds 1.46 beds 1.6 beds
    Avg Bathrooms 1.05 baths 1.08 baths 1.08 baths 1.09 baths 1.2 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Cibola 6 $360,875 89 days
    Rio Rancho 90 $350,417 81 days
    V. Sue Cleveland 224 $279,193 109 days
    Volcano Vista 4 $438,166 70 days
    West Mesa 2 $19,897 159 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 998 $224,159 112 days
    Distressed Homes 5 $208,440 76 days
    Multi-Million Dollar Homes 4 $2,556,250 64 days
    Newly Built Homes 129 $454,348 103 days
    Homes with a Pool 7 $655,571 29 days
    Reduced Price Homes 12 $444,080 67 days