Rio Rico, AZ 85648 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Rio Rico, AZ—85648

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$264,000

0.4% YoY Growth

Household Income

$63,700

28.7% YoY Growth

Days on Market

2.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

$1,700

1.1% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,080

7.1% YoY Growth

3-Bed Rent

$1,800

5.2% YoY Growth

Home Price Trends — Rio Rico, AZ

As of Dec '25, the median home price in Rio Rico, AZ is $264,000, 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 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$264,000	-0.4%
Single Family	$264,000	-0.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

1.4%

1 Bedroom

6.9%

2 Bedrooms

49.2%

3 Bedrooms

38.3%

4 Bedrooms

4.0%

5+ Bedrooms

0.3%

Property Listings — Rio Rico, AZ

As of Dec '25, Realtor.com reports that the median days on market for a home in Rio Rico, AZ is 64. This is a increase of 7.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$300,000	-5.0%
Listing Count	174	14.0%
Listings as % of Homes	1.3%	14.0%
Days on Market	75	2.0%

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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%

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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%

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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%

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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

Rio Rico, AZ—85648

Key Metrics at a Glance

Home Price Trends — Rio Rico, AZ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rio Rico, AZ

% of Rental Stock

Property Listings — Rio Rico, AZ

Demographics — Rio Rico, AZ

Race and Ethnicity

Mortgage and Risk — Rio Rico, AZ

Mortgages

Rentals and Section 8 — Rio Rico, AZ

Section 8 Market Size

Section 8 Opportunity

Affordability — Rio Rico, AZ

Home Price to Income Ratio

Rio Rico, AZ — ZIP Code Boundary Map

Nearby ZIP Codes

Tumacacori, AZ

Nogales, AZ

Tubac

Amado, AZ

Patagonia, AZ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$264,000
Median Household Income	$63,700

Rio Rico, AZ—85648

Key Metrics at a Glance

Home Price Trends — Rio Rico, AZ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rio Rico, AZ

% of Rental Stock

Property Listings — Rio Rico, AZ

Demographics — Rio Rico, AZ

Race and Ethnicity

Mortgage and Risk — Rio Rico, AZ

Mortgages

Rentals and Section 8 — Rio Rico, AZ

Section 8 Market Size

Section 8 Opportunity

Affordability — Rio Rico, AZ

Home Price to Income Ratio

Rio Rico, AZ — ZIP Code Boundary Map

Nearby ZIP Codes

Tumacacori, AZ

Nogales, AZ

Tubac

Amado, AZ

Patagonia, AZ

Frequently Asked Questions

What is the average home price in Rio Rico, AZ 85648?

How have home prices in Rio Rico, AZ 85648 changed over the past year?

What is the home price projection for Rio Rico, AZ 85648?

What are the demographics of Rio Rico, AZ 85648?

How long does it take homes to sell in Rio Rico, AZ 85648?

What is the average rent price in Rio Rico, AZ 85648?