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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 (24/7 Wall Street). Rio Rancho sits at an elevation of approximately 5,290 feet and enjoys a picturesque view of the Sandia Mountains. via https://rrnm.gov/4185/Community-Overview

Rio Rancho Market Report

$218,334

AVERAGE PRICE OF 1,026 HOMES

$165,833

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,033,394

AVERAGE PRICE OF 8 MULTI-MILLION DOLLAR HOMES

$444,859

AVERAGE PRICE OF 149 NEWLY BUILT HOMES

$619,338

AVERAGE PRICE OF 11 HOMES WITH A POOL

$274,314

AVERAGE PRICE OF 14 REDUCED PRICE HOMES

Average Home

Average Price $218,334
Avg Bedrooms 1.55 beds
Avg Bathrooms 1.18 baths

Average Price by Bedrooms

1 bedroom $139,500
2 bedrooms $217,433
3 bedrooms $339,847
4 bedrooms $433,698
5 bedrooms $513,755
Rio Rancho Home Price Trends
  11/2021 10/2021 9/2021 8/2021 7/2021
Total Listings 1,030 1,080 1,125 1,173 1,128
Average Price $220,090 $219,176 $221,851 $219,948 $211,014
Avg Price Change +0.42% -1.22% +0.87% +4.23% +2.06%
Median Price $146,765 $158,965 $188,223 $187,666 $180,500
Med Price Change -8.31% -18.41% +0.30% +3.97% +6.12%
Avg Bedrooms 1.62 beds 1.65 beds 1.73 beds 1.74 beds 1.73 beds
Avg Bathrooms 1.21 baths 1.24 baths 1.3 baths 1.29 baths 1.3 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cibola 2 $224,500 138 days
La Cueva 1 $35,000 254 days
Rio Rancho 113 $280,888 95 days
V. Sue Cleveland 228 $297,822 158 days
Volcano Vista 6 $108,916 244 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,026 $218,334 147 days
Distressed Homes 3 $165,833 233 days
Multi-Million Dollar Homes 8 $2,033,394 170 days
Newly Built Homes 149 $444,859 94 days
Homes with a Pool 11 $619,338 59 days
Reduced Price Homes 14 $274,314 63 days