Rio Rancho, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rio Rancho Neighborhoods Since 2000




Rio Rancho, NM Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Rio Rancho Housing Market Information

With 94,171 people, 32,511 houses or apartments, and a median cost of homes of $192,573, Rio Rancho real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rio Rancho, accounting for 87.92% of the city's housing units. Other types of housing that are prevalent in Rio Rancho include large apartment complexes or high rise apartments ( 4.61%), duplexes, homes converted to apartments or other small apartment buildings ( 3.64%), and a few row houses and other attached homes ( 2.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rio Rancho. Owner-occupied housing accounts for 78.41% of Rio Rancho's homes, and 77.22% 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 to 1999 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 between 2000 and later ( 41.54%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.27%).

Rio Rancho Home Appreciation Rates

Rio Rancho's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rio Rancho during the period has been just -1.56%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Rio Rancho's appreciation rate, at 4.76%, has been at or slightly above the national average. In the latest quarter, Rio Rancho's appreciation rate has been 0.49%, which annualizes to a rate of 1.99%.

Relative to New Mexico, our data show that Rio Rancho's latest annual appreciation rate is lower than 60% 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 2000, to assist you in making the best Rio Rancho real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$192,573

Rio Rancho, NM HOME PRICES

Value Range
> $1,095,000 0.1
$821,001 - $1,095,000 0.1
$547,001 - $821,000 1.6
$438,001 - $547,000 2.1
$329,001 - $438,000 6.7
$219,001 - $329,000 24.7
$109,001 - $219,000 54.4
$55,001 - $109,000 6.8
$0 - $55,000 3.4

Very High for NM
High for Nation

Value Relative to Nation Value Relative to State
34.1146138521036 18.1034482758621

Number Of Homes And Apartments:
32,511

Rio Rancho Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NM*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
31.09% 1.58% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,331 / per month

Homeownership Rate

Homeownership
Owners 78.41
Renters 21.59
Vacant 7.56

Housing Market Details

 

Age of Homes

AGE OF Rio Rancho HOMES
2000 or Newer 41.5
1970 - 1999 54.9
1940 - 1969 3.3
1939 or Older 0.3

Types of Homes

TYPE OF Rio Rancho HOMES
Single-Family 87.9
Townhomes 2.0
Small Apt. Buildings 3.6
Apt. Complexes 4.6
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Rio Rancho HOMES
No Bedroom 0.50
1 Bedroom 2.95
2 Bedrooms 15.09
3 Bedrooms 53.06
4 Bedrooms 24.16
5 or more bedrooms 4.24