Rio Rancho, Albuquerque, NM—87120
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rio Rancho, Albuquerque, NM
As of Oct '25, the median home price in Rio Rancho, Albuquerque, NM is $351,000, with a year-over-year change of 2.2%. This indicates that home prices in Rio Rancho, Albuquerque, 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 | $351,000 | 2.2% |
| Single Family | $353,000 | 2.0% |
| Condos | $249,000 | 2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $271,000 | 2.3% |
3 Bed | $334,000 | 2.1% |
4 Bed | $433,000 | 1.6% |
| 5 Bed | $511,000 | 1.6% |
% of Housing Stock
Rental Trends — Rio Rancho, Albuquerque, NM
As of July '25, Rentcast reports the average rent in Rio Rancho, Albuquerque, NM is $1,740, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Rio Rancho, Albuquerque, NM is studios: $735, 1-bedrooms: $1,370, 2-bedrooms: $1,660, 3-bedrooms: $2,260, 4-bedrooms: $3,320. The most common rental property sizes in Rio Rancho, Albuquerque, NM are 3-bedroom and 2-bedroom, accounting for 39.2% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,740 |
| Studio Rent | $735 | $735 |
| 1 Bed Rent | $1,350 | $1,370 |
| 2 Bed Rent | $1,610 | $1,660 |
| 3 Bed Rent | $2,250 | $2,260 |
| 4 Bed Rent | $2,500 | $3,320 |
% of Rental Stock
Property Listings — Rio Rancho, Albuquerque, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Rio Rancho, Albuquerque, NM is 58. This is a increase of 10.0% 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 | $430,000 | 2.0% |
Listing Count | 257 | 19.0% |
| Listings as % of Homes | 0.5% | 19.0% |
Days on Market | 58 | 10.0% |
Demographics — Rio Rancho, Albuquerque, NM
As of the latest ACS Survey released in 2023, Rio Rancho, Albuquerque, NM has a population of 65,500, which has increased by 5.2% over the past 5 years. Rio Rancho, Albuquerque, NM is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 38.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 65,500 | 5.2% |
% Under 18 | 20.8% | -9.6% |
% Seniors | 17.8% | 35.9% |
% WFH | 14.9% | 380.6% |
% w/ College Degree | 38.9% | 15.8% |
As of the latest ACS Survey released in 2023, Rio Rancho, Albuquerque, NM is a predominantly hispanic area, with 53.6% of the population identifying as hispanic. The hispanic population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Rio Rancho, Albuquerque, NM is white, making up 33.7% of the population. Foreign-born residents account for 7.7% of the population in Rio Rancho, Albuquerque, NM, and this percentage has increased by 14.9% 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 | 33.7% | -8.4% |
% Black | 3.2% | -15.8% |
% Hispanic | 53.6% | 1.9% |
% Asian | 2.3% | -17.9% |
% Foreign Born | 7.7% | 14.9% |
Mortgage and Risk — Rio Rancho, Albuquerque, NM
According to HUD data as of 2023, there were 13 mortgage originations in Rio Rancho, Albuquerque, NM, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Rio Rancho, Albuquerque, NM. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 13 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Rio Rancho, Albuquerque, NM
As of 2024, the percent of homes in Rio Rancho, Albuquerque, NM under the Section 8 program is 8.4%. 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, Albuquerque, NM, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 481 |
Total Units Section 8 | 461 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,350 | $1,220 |
| 2 Bedroom | -$110 | $1,610 | $1,500 |
| 3 Bedroom | -$150 | $2,250 | $2,100 |
| 4 Bedroom | -$10 | $2,500 | $2,490 |
Affordability — Rio Rancho, Albuquerque, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $351,000 |
| Median Household Income | $84,900 |