Rio Rancho, NM—87124
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Rio Rancho, NM
Home Price Trends — Rio Rancho, NM
As of Oct '25, the median home price in Rio Rancho, NM is $344,000, with a year-over-year change of 1.3%. This indicates that home prices in Rio Rancho, NM are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $344,000 | 1.3% |
| Single Family | $345,000 | 0.9% |
| Condos | $200,000 | 3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $172,000 | 1.8% |
2 Bed | $252,000 | 2.4% |
3 Bed | $333,000 | 0.9% |
4 Bed | $439,000 | 1.2% |
| 5 Bed | $549,000 | 1.3% |
% of Housing Stock
Rental Trends — Rio Rancho, NM
As of July '25, Rentcast reports the average rent in Rio Rancho, NM is $1,760, with a year-over-year rent change of -3.3%. Per bedroom, the median rent as of July '25 in Rio Rancho, NM is studios: $1,230, 1-bedrooms: $1,440, 2-bedrooms: $1,600, 3-bedrooms: $2,070, 4-bedrooms: $2,620. The most common rental property sizes in Rio Rancho, NM are 3-bedroom and 2-bedroom, accounting for 37.9% and 35.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,760 |
| Studio Rent | $1,140 | $1,230 |
| 1 Bed Rent | $1,400 | $1,440 |
| 2 Bed Rent | $1,630 | $1,600 |
| 3 Bed Rent | $2,000 | $2,070 |
| 4 Bed Rent | $2,600 | $2,620 |
% of Rental Stock
Property Listings — Rio Rancho, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Rio Rancho, NM is 66. This is a increase of 36.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $402,000 | -4.0% |
Listing Count | 261 | 19.0% |
| Listings as % of Homes | 0.6% | 19.0% |
Days on Market | 66 | 36.0% |
Demographics — Rio Rancho, NM
As of the latest ACS Survey released in 2023, Rio Rancho, NM has a population of 58,400, which has increased by 6.6% over the past 5 years. Rio Rancho, NM is a moderately popular place for families, as children make up 22.7% of the population. The area has a moderately educated workforce, with 32.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,400 | 6.6% |
% Under 18 | 22.7% | 3.2% |
% Seniors | 19.3% | 11.6% |
% WFH | 13.9% | 265.8% |
% w/ College Degree | 32.9% | 15.4% |
As of the latest ACS Survey released in 2023, Rio Rancho, NM is a predominantly white area, with 46.8% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Rio Rancho, NM is hispanic, making up 41.4% of the population. Foreign-born residents account for 6.2% of the population in Rio Rancho, NM, and this percentage has decreased by 6.1% 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 | 46.8% | -5.1% |
% Black | 2.9% | 16.0% |
% Hispanic | 41.4% | 0.5% |
% Asian | 2.4% | 26.3% |
% Foreign Born | 6.2% | -6.1% |
Mortgage and Risk — Rio Rancho, NM
According to HUD data as of 2023, there were 722 mortgage originations in Rio Rancho, NM, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Rio Rancho, NM. Investor activity is low, as 3.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 722 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Rio Rancho, NM
As of 2024, the percent of homes in Rio Rancho, NM under the Section 8 program is 4.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Rio Rancho, NM, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 181 |
Total Units Section 8 | 181 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,400 | $1,280 |
| 2 Bedroom | -$60 | $1,630 | $1,570 |
| 3 Bedroom | $200 | $2,000 | $2,200 |
| 4 Bedroom | $10 | $2,600 | $2,610 |
Affordability — Rio Rancho, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $344,000 |
| Median Household Income | $82,300 |