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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

$258,382

AVERAGE PRICE OF 1,108 HOMES

$296,081

AVERAGE PRICE OF 5 DISTRESSED HOMES

$1,979,200

AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES

$481,986

AVERAGE PRICE OF 212 NEWLY BUILT HOMES

$493,429

AVERAGE PRICE OF 17 HOMES WITH A POOL

$412,875

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $258,382
Avg Bedrooms 1.7 beds
Avg Bathrooms 1.25 baths

Average Price by Bedrooms

1 bedroom $180,750
2 bedrooms $291,126
3 bedrooms $398,245
4 bedrooms $483,361
5 bedrooms $568,217
Rio Rancho Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 1,112 1,068 1,068 1,090 1,099
Average Price $254,679 $252,618 $252,507 $241,359 $236,384
Avg Price Change +0.82% +0.04% +4.62% +2.10% -0.43%
Median Price $230,243 $205,116 $222,820 $165,043 $149,150
Med Price Change +12.25% -8.63% +35.01% +10.66% -2.30%
Avg Bedrooms 1.67 beds 1.63 beds 1.64 beds 1.56 beds 1.51 beds
Avg Bathrooms 1.26 baths 1.23 baths 1.23 baths 1.17 baths 1.13 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
V. Sue Cleveland 214 $325,563 129 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,108 $258,382 151 days
Distressed Homes 5 $296,081 113 days
Multi-Million Dollar Homes 5 $1,979,200 271 days
Newly Built Homes 212 $481,986 82 days
Homes with a Pool 17 $493,429 34 days
Reduced Price Homes 29 $412,875 58 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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