Rio Rico, AZ—85648
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rio Rico, AZ
As of Oct '25, the median home price in Rio Rico, AZ is $266,000, with a year-over-year change of -0.4%. This indicates that home prices in Rio Rico, AZ are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $266,000 | -0.4% |
| Single Family | $266,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $223,000 | -0.4% |
3 Bed | $259,000 | -0.8% |
4 Bed | $332,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rio Rico, AZ
As of July '25, Rentcast reports the average rent in Rio Rico, AZ is $1,740, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Rio Rico, AZ is 2-bedrooms: $1,210, 3-bedrooms: $1,810, 4-bedrooms: $2,100. The most common rental property sizes in Rio Rico, AZ are 2-bedroom and 3-bedroom, accounting for 49.2% and 38.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,080 | $1,210 |
| 3 Bed Rent | $1,800 | $1,810 |
| 4 Bed Rent | $2,100 | $2,100 |
% of Rental Stock
Property Listings — Rio Rico, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Rio Rico, AZ is 68. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | -6.0% |
Listing Count | 165 | 16.0% |
| Listings as % of Homes | 1.3% | 16.0% |
Days on Market | 68 | 11.0% |
Demographics — Rio Rico, AZ
As of the latest ACS Survey released in 2023, Rio Rico, AZ has a population of 21,800, which has increased by 10.5% over the past 5 years. Rio Rico, AZ is a popular place for families, as children make up 30.0% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,800 | 10.5% |
% Under 18 | 30.0% | 4.9% |
% Seniors | 12.0% | 1.7% |
% WFH | 6.2% | 34.8% |
% w/ College Degree | 24.5% | 19.5% |
As of the latest ACS Survey released in 2023, Rio Rico, AZ is a predominantly hispanic area, with 86.5% of the population identifying as hispanic. The hispanic population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Rio Rico, AZ is white, making up 12.2% of the population. Foreign-born residents account for 30.2% of the population in Rio Rico, AZ, and this percentage has decreased by 3.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 12.2% | 1.7% |
% Black | 0.1% | ∞% |
% Hispanic | 86.5% | -0.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 30.2% | -3.5% |
Mortgage and Risk — Rio Rico, AZ
According to HUD data as of 2023, there were 393 mortgage originations in Rio Rico, AZ, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Rio Rico, AZ. Investor activity is low, as 1.0% of loans were by investors. 26.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 393 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 26.0% |
Loan Activity
Rentals and Section 8 — Rio Rico, AZ
Rio Rico, AZ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,070 |
| 2 Bedroom | $320 | $1,080 | $1,400 |
| 3 Bedroom | $160 | $1,800 | $1,960 |
| 4 Bedroom | -$130 | $2,100 | $1,970 |
Affordability — Rio Rico, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $266,000 |
| Median Household Income | $63,700 |