Rio Communities, NM has a median housing value of $214,300, which is far lower than the US median value of $338,100. Despite this disparity, Rio Communities' housing market has experienced greater appreciation over the past year with an increase of 13.83%, compared to the 8.27% seen across the US. This suggests the Rio Communities market is particularly strong and presents attractive opportunities for potential homebuyers and investors alike.
The median home cost in Rio Communities is $214,300. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Rio Communities is up 16.7%.
Average Age of Homes
- The median age of Rio Communities real estate is 37 years old
The Rental Market in Rio Communities
- Renters make up 18.1% of the Rio Communities population
- 6.2% of houses and apartments in Rio Communities, 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.