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Real Estate Prices & Overview

Rio Rico Estates median real estate price is $223,775, which is less expensive than 80.6% of Arizona neighborhoods and 66.8% of all U.S. neighborhoods.

The average rental price in Rio Rico Estates is currently $1,881, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.6% of Arizona neighborhoods.

Rio Rico Estates is a suburban neighborhood (based on population density) located in Rio Rico, Arizona.

Rio Rico Estates real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Rio Rico Estates neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

In Rio Rico Estates, the current vacancy rate is 3.2%, which is a lower rate of vacancies than 80.0% of all neighborhoods in the U.S. This means that the housing supply in Rio Rico Estates is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Rio Rico, the Rio Rico Estates neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Rio Rico Estates neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 7.9% of the workforce so employed, this neighborhood has a greater concentration of such workers than 98.4% of U.S. neighborhoods.

Diversity

Did you know that the Rio Rico Estates neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 90.0% of this neighborhood's residents have Mexican ancestry.

Rio Rico Estates is also pretty special linguistically. Significantly, 88.8% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.4% of all U.S. neighborhoods.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Rio Rico Estates neighborhood in Rio Rico are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 89.4% of U.S. neighborhoods. With 46.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.2% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Rio Rico Estates neighborhood, 25.2% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 24.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.9%), and 19.6% in executive, management, and professional occupations.

Languages

The most common language spoken in the Rio Rico Estates neighborhood is Spanish, spoken by 88.8% of households. Some people also speak English (11.2%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Rio Rico Estates neighborhood in Rio Rico, AZ, residents most commonly identify their ethnicity or ancestry as Mexican (90.0%). There are also a number of people of German ancestry (2.5%), and residents who report Puerto Rican roots (1.7%), and some of the residents are also of French ancestry (1.1%), along with some Irish ancestry residents (1.1%), among others. In addition, 30.5% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Rio Rico Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (57.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (85.9%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (10.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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