Rio Rancho, NM Real Estate
Rio Rancho is a city in Sandoval County, New Mexico with a population of about 106,533. The median home value is near $273,300, and median rent runs around $1,481/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$273,300
Median Rent
$1,481/mo
Population
106,533
Median Income
$85,755
Median Age
39
Homeownership
82.2%
Monthly payment on a median Rio Rancho home
Example for a $273,300 home: 20% down, 30-yr at ~6.75%, NM property tax ~0.67%, 0.4% insurance.
Est. monthly (PITI)
$1,662
Principal & interest
$1,418
Property tax / mo
$153
Down payment (20%)
$54,660
Rio Rancho at a glance
- 20.7% of residents 25+ hold a bachelor's degree or higher.
- 82.2% of occupied homes are owner-occupied.
- Median household income is $85,755.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
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