Rio Rancho, NM—87144
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 $366,000, with a year-over-year change of 1.2%. 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 | $366,000 | 1.2% |
| Single Family | $366,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $246,000 | 1.7% |
3 Bed | $343,000 | 0.9% |
4 Bed | $408,000 | 0.7% |
| 5 Bed | $467,000 | 0.2% |
% of Housing Stock
Rental Trends — Rio Rancho, NM
As of July '25, Rentcast reports the average rent in Rio Rancho, NM is $2,210, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Rio Rancho, NM is 1-bedrooms: $947, 2-bedrooms: $1,750, 3-bedrooms: $2,120, 4-bedrooms: $2,530. The most common rental property sizes in Rio Rancho, NM are 3-bedroom and 4-bedroom, accounting for 41.1% and 33.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,210 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $875 | $947 |
| 2 Bed Rent | $1,750 | $1,750 |
| 3 Bed Rent | $2,100 | $2,120 |
| 4 Bed Rent | $2,420 | $2,530 |
% 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 74. This is a increase of 26.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $445,000 | 7.0% |
Listing Count | 377 | 27.0% |
| Listings as % of Homes | 1.3% | 27.0% |
Days on Market | 74 | 26.0% |
Demographics — Rio Rancho, NM
As of the latest ACS Survey released in 2023, Rio Rancho, NM has a population of 50,000, which has increased by 17.3% over the past 5 years. Rio Rancho, NM is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 34.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,000 | 17.3% |
% Under 18 | 23.7% | -18.6% |
% Seniors | 14.3% | 36.2% |
% WFH | 13.7% | 234.1% |
% w/ College Degree | 34.0% | 8.3% |
As of the latest ACS Survey released in 2023, Rio Rancho, NM is a predominantly white area, with 44.0% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Rio Rancho, NM is hispanic, making up 43.9% of the population. Foreign-born residents account for 5.5% of the population in Rio Rancho, NM, and this percentage has increased by 3.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 44.0% | -10.0% |
% Black | 2.9% | -14.7% |
% Hispanic | 43.9% | 3.5% |
% Asian | 1.4% | -6.7% |
% Foreign Born | 5.5% | 3.8% |
Mortgage and Risk — Rio Rancho, NM
According to HUD data as of 2023, there were 187 mortgage originations in Rio Rancho, NM, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 24.0% 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. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 187 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
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 4.3%. 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. In Rio Rancho, NM, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 164 |
Total Units Section 8 | 164 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $605 | $875 | $1,480 |
| 2 Bedroom | $70 | $1,750 | $1,820 |
| 3 Bedroom | $450 | $2,100 | $2,550 |
| 4 Bedroom | $600 | $2,420 | $3,020 |
Affordability — Rio Rancho, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $366,000 |
| Median Household Income | $91,000 |