|All Rio Rancho Listings||Home Values|
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Rio Rancho, New Mexico is situated between Albuquerque and Sante Fe, to the west of the Rio Grande. The third largest of New Mexico’s cities, and the fastest growing, Rio Rancho has a population of 93,820 residents in the 87124 zip code. Rio Rancho, part of the Albuquerque Metropolitan Statistical Area, is the largest economic hub in Sandoval County, fostering a highly educated workforce in a quickly evolving urban community.
A booming metropolis, Rio Rancho, hailed as The City of Vision, is creating a multitude of new master-planned communities with a plethora of amenities. Furthermore, a new town commercial center is being born with The Villages, a mixed-use 65-acre site at the center of attention. The Villages will house a variety of retail options including Michaels, Kirkland’s, Petsmart, and more.
Already existing in Rio Rancho are a multitude of national chain restaurants and local favorites including Applebees, O’Hares, Hot Tamales, pizza ovens, Italian eateries, and Asian cuisine.
At the crossroads of I40 and I25, the technology corridor boasts the highest concentration of engineers and scientists, as well as the city’s largest employer, The Intel Corporation.
Travel is convenient thanks to the New Mexico Rail Runner Express, coupled with ABQ Ride, Albuquerque’s transit department. Furthermore, the Albuquerque International Sunport accommodates air travel.
Rio Rancho enjoys 273 days of sunshine each year. The city is showered with approximately 10 inches of rain and 11 inches of snow annually. Summer high temperatures are about 91 degrees with low humidity, and winter lows are around 21 degrees.
Students in the area receive their education via the Rio Rancho Public School system.
Average annual household income for residents of Rio Rancho are around $64,475, well above the state average of $45,382. Median home values are around $180,900, with single family detached houses holding mean values of $201,014.
Rio Rancho not only promises continued growth and development, but also boasts low unemployment, low property taxes, and low cost of living.
Your real estate agent is the best source of information about the local community and real estate topics. Give Melanie McLaughlin a call today at 505-489-8504 to learn more about local areas, discuss selling a house, or tour available homes for sale.