Rio Rico, AZ is a great place to invest in property due to the high appreciation rate in the area. According to recent data, the median value of homes in Rio Rico is $239,800 which is significantly lower than the US House Median Value of $338,100. Moreover, the 1 year House Appreciation rate in Rio Rico is 16.45%, which is nearly double the US rate of 8.27%. This makes it an ideal market for those looking for investments with a high potential of return.
The median home cost in Rio Rico is $239,800. Home appreciation the last 10 years has been 88.3%. Home Appreciation in Rio Rico is up 18.2%.
Average Age of Homes
- The median age of Rio Rico real estate is 20 years old
The Rental Market in Rio Rico
- Renters make up 20.2% of the Rio Rico population
- 0.0% of houses and apartments in Rio Rico, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.