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Rio Rancho

Why you'd want to live in Rio Rancho

Rio Rancho, New Mexico, in Sandoval county, is 12 miles N of Albuquerque, New Mexico. It's regarded as the economic center for the county. It's the third largest city in the state. The northeast portion of the city is bordered by the Rio Grande. Intel is the largest employer. Services, the government and retail are major factors for the economy. Rio Rancho features a high-desert climate. Residents enjoy the numerous parks, trails, bicycle paths and open space located in the city. Golf enthusiasts enjoy playing golf all year long at the numerous courses. The scenic Jemez Mountains includes water falls, warm springs and attractive meadows. The Kasha-Katuwe Tent Rocks National Monument offers trails running through canyons, and features huge cone-shaped formations made from pumice. The top of the Tent Ricks Trail offers spectacular views. The nearby Sandia Peak Tramway is one of the longest aerial tramways in the world. The top of Sandia Peak provides wonderful views. Astronomy enthusiasts enjoy the views from the nearby desert hills. Hot air balloon rides are available. There are numerous locations for mountain biking. The paved trail situated along the Rio Grand River is popular with residents. Fishing opportunities are available at the nearby lakes and streams. The scenic Luz Trail traverses through a desert landscape, a forest area, alpine meadows and impressive boulder fields. The nearby Sandia Ski Area is a popular destination. The scenic "Bosque," located near the Rio Grande features ancient cottonwood trees and opportunities to see wildlife, including bald eagles, coyotes and beavers. via citytowninfo.com

Rio Rancho Market Report

$238,314

AVERAGE PRICE OF 1,042 HOMES

$276,958

AVERAGE PRICE OF 6 DISTRESSED HOMES

$2,154,333

AVERAGE PRICE OF 6 MULTI-MILLION DOLLAR HOMES

$461,246

AVERAGE PRICE OF 145 NEWLY BUILT HOMES

$556,053

AVERAGE PRICE OF 15 HOMES WITH A POOL

$404,589

AVERAGE PRICE OF 19 REDUCED PRICE HOMES

Average Home

Average Price $238,314
Avg Bedrooms 1.56 beds
Avg Bathrooms 1.18 baths

Average Price by Bedrooms

1 bedroom $132,500
2 bedrooms $247,182
3 bedrooms $400,226
4 bedrooms $470,324
5 bedrooms $548,045
Rio Rancho Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 1,026 1,023 1,002 1,011 1,000
Average Price $234,168 $225,312 $214,842 $218,319 $217,448
Avg Price Change +3.93% +4.87% -1.62% +0.40% +0.00%
Median Price $127,485 $106,466 $93,768 $104,004 $104,595
Med Price Change +19.74% +13.54% -10.92% -0.57% -7.04%
Avg Bedrooms 1.54 beds 1.47 beds 1.39 beds 1.42 beds 1.43 beds
Avg Bathrooms 1.14 baths 1.1 baths 1.05 baths 1.08 baths 1.08 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cibola 11 $376,384 103 days
Rio Rancho 125 $369,636 71 days
V. Sue Cleveland 220 $324,977 104 days
Volcano Vista 7 $484,782 82 days
West Mesa 2 $19,897 225 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,042 $238,314 119 days
Distressed Homes 6 $276,958 75 days
Multi-Million Dollar Homes 6 $2,154,333 74 days
Newly Built Homes 145 $461,246 94 days
Homes with a Pool 15 $556,053 27 days
Reduced Price Homes 19 $404,589 43 days
Keller Williams Riverside
Anne Vallejos
6240 Riverside Plaza NW, Suite 100
Albuquerque, NM 87120
505-226-4348
mortgage-solutions-financial.png
Michael E. Martin
7770 Jefferson NE, Suite 100
Albuquerque, NM 87109
505-264-6277

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