There are currently 32,066 real estate properties in Rio Rancho, NM, with a median automated valuation model (AVM) price of $256,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rio Rancho, NM, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Rio Rancho, NM, is $277,577.00, with the most expensive house in Rio Rancho, NM, topping out at $1,772,822.00 and the cheapest home in Rio Rancho, NM, clocking in at $47,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Rio Rancho, NM!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rio Rancho, NM, is on a rollercoaster ride. The average rent price in Rio Rancho, NM, is $1,571.00. Indeed, when looking to rent in Rio Rancho, NM, you can expect to pay as little as $690.00 or as much as $5,580.00, with the average rent median estimated to be $1,500.00. The good news is that finding an affordable and desirable property to rent in Rio Rancho, NM -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Rio Rancho, NM area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Rio Rancho, NM and much more. Save thousands at closing with home foreclosure listings in Rio Rancho, NM — up to 75% off market value!
Rio Rancho is located in Sandoval, New Mexico, with an estimated municipal population of 99,178 residents. All of the best foreclosed homes for sale in Rio Rancho are located in the following zip code areas on Foreclosure.com: 87124 87121 87144 87174. The estimated population per square kilometer (.62 miles) in Rio Rancho is 370.
So, about how much do homes cost in Rio Rancho? The most recent median value of resident-owned homes in Rio Rancho is 190,227. An estimated 77.5 percent of households in Rio Rancho own their homes, with an average family size of 3.24. The median household income in Rio Rancho is 66,856, with26.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Rio Rancho, the median commute time of resident workers (in minutes) is 27.7. And last, but certainly not least, are you looking for homes to rent in Rio Rancho? If so, the average rent price paid by renters in Rio Rancho is 1,167, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Rio Rancho, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Rio Rancho is 38.4, split between 48.6 percent male versus 51.4 female. The percentage of residents who report being married in Rio Rancho is 51, with an average family size of 3.24.
The percentage of residents who report their race in Rio Rancho is as follows:
|Black / African American||3.1%|
|American Indian / Alaskan Native||2.6%|
|Native Hawaiian / Other Pacifc Islander||0.3%|
Looking for family-friendly neighborhoods in and/or near Rio Rancho? Or maybe you are searching for 55+ active adult communities in and/or near Rio Rancho?
The percentage of residents who report their age in Rio Rancho is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Rio Rancho with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Rio Rancho.
How do you know that living in -- or moving to -- Rio Rancho is right where you need to be? Perhaps you grew up in Rio Rancho or already live nearby; therefore, the decision to buy a home in Rio Rancho is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Rio Rancho for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Rio Rancho:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Rio Rancho.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Rio Rancho can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Rio Rancho, meanwhile, can field multiple offers from more qualified buyers.