Rio Rancho, NM—87124

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$343,000

1.0% YoY Growth

Household Income

$82,300

45.6% YoY Growth

Days on Market

5.0% Longer YoY

Home Price Forecast

2.2%

Median Rent

$1,700

3.3% YoY Growth

1-Bed Rent

$1,400

18.0% YoY Growth

2-Bed Rent

$1,630

3.9% YoY Growth

3-Bed Rent

$2,000

1.0% YoY Growth

Other Zip Codes in Rio Rancho, NM

87144

Home Price Trends — Rio Rancho, NM

As of Dec '25, the median home price in Rio Rancho, NM is $343,000, with a year-over-year change of 1.0%. This indicates that home prices in Rio Rancho, NM are flat. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$343,000	1.0%
Single Family	$345,000	0.6%
Condos	$199,000	3.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$414,000	-5.0%
Listing Count	254	21.0%
Listings as % of Homes	0.6%	21.0%
Days on Market	74	5.0%

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%

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%

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%

Rio Rancho, NM—87124

Key Metrics at a Glance

Other Zip Codes in Rio Rancho, NM

Home Price Trends — Rio Rancho, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rio Rancho, NM

% of Rental Stock

Property Listings — Rio Rancho, NM

Demographics — Rio Rancho, NM

Race and Ethnicity

Mortgage and Risk — Rio Rancho, NM

Mortgages

Rentals and Section 8 — Rio Rancho, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Rio Rancho, NM

Home Price to Income Ratio

Rio Rancho, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Rio Rancho, NM

Rio Rancho, Albuquerque, NM

Westside, Albuquerque, NM

Corrales, NM

Far Northeast, Albuquerque, NM

Frequently Asked Questions

Total Units under HUD	181
Total Units Section 8	181
% Rentals under Section 8	4.1%
% Occupied Section 8	87.0%

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

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$343,000
Median Household Income	$82,300

Rio Rancho, NM—87124

Key Metrics at a Glance

Other Zip Codes in Rio Rancho, NM

Home Price Trends — Rio Rancho, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rio Rancho, NM

% of Rental Stock

Property Listings — Rio Rancho, NM

Demographics — Rio Rancho, NM

Race and Ethnicity

Mortgage and Risk — Rio Rancho, NM

Mortgages

Rentals and Section 8 — Rio Rancho, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Rio Rancho, NM

Home Price to Income Ratio

Rio Rancho, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Rio Rancho, NM

Rio Rancho, Albuquerque, NM

Westside, Albuquerque, NM

Corrales, NM

Far Northeast, Albuquerque, NM

Frequently Asked Questions

What is the average home price in Rio Rancho, NM 87124?

How have home prices in Rio Rancho, NM 87124 changed over the past year?

What is the home price projection for Rio Rancho, NM 87124?

What are the demographics of Rio Rancho, NM 87124?

How long does it take homes to sell in Rio Rancho, NM 87124?

What is the average rent price in Rio Rancho, NM 87124?