Rio Rancho appreciation rates and housing market information

Rio Rancho housing market information

With 51,722 people, 20,176 houses or apartments, and a median cost of homes of $214,585, Rio Rancho real estate is some of the most expensive in New Mexico, although Rio Rancho home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Rio Rancho, accounting for 84.06% of the city's housing units. Other types of housing that are prevalent in Rio Rancho include large apartment complexes or high rise apartments (8.55%), row houses and other attached homes (3.38%), duplexes, homes converted to apartments, or other small apartment buildings (2.12%), and a few mobile homes or trailers (1.85%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Rio Rancho. Owner-occupied housing accounts for 76.50% of Rio Rancho's homes, and 69.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rio Rancho built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rio Rancho built from 1995 and later (25.61%). A lesser amount of the housing stock also hails from 1940-1969 (3.19%), and some were built from 1939 and earlier (3.19%).

Rio Rancho home appreciation rates

Appreciation rates for homes in Rio Rancho have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 79.15%, which ranks in the top 40% nationwide. This equates to an annual average Rio Rancho house appreciation rate of 7.91%.

Over the last year, Rio Rancho appreciation rates have trailed the rest of the nation. In the last twelve months, Rio Rancho's appreciation rate has been -1.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rio Rancho were at -0.13%, which equates to an annual appreciation rate of -0.52%.

Relative to New Mexico, our data show that Rio Rancho's latest annual appreciation rate is higher than 44% of the other cities and towns in New Mexico.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Rio Rancho differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rio Rancho - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Rio Rancho real estate investment or home purchase decisions.