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Rio Rancho

Why you'd want to live in Rio Rancho

Rio Rancho is the 3rd largest city in New Mexico, the fastest growing community in the state, and one of the fastest growing in the southwest. Rio Rancho has been recognized as one of “America’s 50 Best Cities to Live” citing exceptional public schools and well below national average crime rates (24/7 Wall Street). Rio Rancho encompasses approximately 104 sq. mi. and sits at an elevation of approximately 5,290 feet. via rrnm.gov

Rio Rancho Market Report

$255,993

AVERAGE PRICE OF 1,123 HOMES

$304,937

AVERAGE PRICE OF 16 DISTRESSED HOMES

$1,876,213

AVERAGE PRICE OF 10 MULTI-MILLION DOLLAR HOMES

$498,985

AVERAGE PRICE OF 205 NEWLY BUILT HOMES

$526,679

AVERAGE PRICE OF 10 HOMES WITH A POOL

$418,722

AVERAGE PRICE OF 30 REDUCED PRICE HOMES

Average Home

Average Price $255,993
Avg Bedrooms 1.65 beds
Avg Bathrooms 1.21 baths

Average Price by Bedrooms

1 bedroom $160,000
2 bedrooms $261,235
3 bedrooms $404,653
4 bedrooms $498,015
5 bedrooms $556,725
Rio Rancho Home Price Trends
  11/2024 10/2024 9/2024 8/2024 7/2024
Total Listings 1,159 1,189 1,145 1,163 1,129
Average Price $262,464 $267,931 $269,272 $263,955 $262,016
Avg Price Change -2.08% -0.50% +2.01% +0.74% +1.41%
Median Price $243,585 $254,854 $266,371 $262,964 $256,052
Med Price Change -4.63% -4.52% +1.30% +2.70% +4.46%
Avg Bedrooms 1.73 beds 1.76 beds 1.77 beds 1.74 beds 1.71 beds
Avg Bathrooms 1.28 baths 1.3 baths 1.32 baths 1.29 baths 1.27 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
V. Sue Cleveland 235 $311,416 145 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,123 $255,993 159 days
Distressed Homes 16 $304,937 57 days
Multi-Million Dollar Homes 10 $1,876,213 87 days
Newly Built Homes 205 $498,985 106 days
Homes with a Pool 10 $526,679 95 days
Reduced Price Homes 30 $418,722 73 days
Sarah Griffin Real Estate Group | Keller Williams Realty
Sarah Griffin
6703 Academy Rd NE
Albuquerque, NM 87109
505-350-8045

UPAFE27023DB384E.png Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
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