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Rio Rancho

Why you'd want to live in Rio Rancho

Rio Rancho is the 3rd largest city in New Mexico, the fastest growing community in the state, and one of the fastest growing in the southwest. Rio Rancho has been recognized as one of “America’s 50 Best Cities to Live” citing exceptional public schools and well below national average crime rates. Rio Rancho sits at an elevation of approximately 5,290 feet and enjoys a picturesque view of the Sandia Mountains. via rrnm.gov

Rio Rancho Market Report

$241,929

AVERAGE PRICE OF 1,082 HOMES

$248,580

AVERAGE PRICE OF 5 DISTRESSED HOMES

$1,962,200

AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES

$456,209

AVERAGE PRICE OF 133 NEWLY BUILT HOMES

$530,880

AVERAGE PRICE OF 31 HOMES WITH A POOL

$417,758

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $241,929
Avg Bedrooms 1.69 beds
Avg Bathrooms 1.26 baths

Average Price by Bedrooms

1 bedroom $120,000
2 bedrooms $260,119
3 bedrooms $360,090
4 bedrooms $475,467
5 bedrooms $587,843
Rio Rancho Home Price Trends
  7/2022 6/2022 5/2022 4/2022 3/2022
Total Listings 1,052 n/a n/a n/a 930
Average Price $244,095 n/a n/a n/a $221,658
Avg Price Change n/a n/a n/a n/a +1.58%
Median Price $208,200 n/a n/a n/a $108,700
Med Price Change n/a n/a n/a n/a +6.71%
Avg Bedrooms 1.71 beds n/a n/a n/a 1.48 beds
Avg Bathrooms 1.27 baths n/a n/a n/a 1.11 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cibola 6 $389,400 142 days
Independence 3 $382,966 78 days
Rio Rancho 128 $391,955 70 days
V. Sue Cleveland 207 $266,940 135 days
Volcano Vista 4 $325,900 154 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,082 $241,929 128 days
Distressed Homes 5 $248,580 258 days
Multi-Million Dollar Homes 5 $1,962,200 271 days
Newly Built Homes 133 $456,209 102 days
Homes with a Pool 31 $530,880 52 days
Reduced Price Homes 29 $417,758 32 days
RE/MAX Select | The ORTEGA Team
Ruben Ortega
8300 Carmel Ave NE, Suite 203
Albuquerque, NM 87122
505-459-8589

UPAFE27023DB384E.png Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
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