Housing in 87124 Rio Rancho, NM is quite a bit higher than the US house median value. The median value for homes in this area is $281,600 and the US house median value is $338,100. This area has experienced an impressive appreciation rate of 13.79%, which is higher than the US house appreciation rate of 8.27%. This data indicates that housing values in Rio Rancho have seen healthy growth over the past year and could be an attractive place to invest in property.
The median home cost in Rio Rancho (zip 87124) is $281,600. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Rio Rancho (zip 87124) is up 17.1%.
Average Age of Homes
- The median age of Rio Rancho (zip 87124) real estate is 28 years old
The Rental Market in Rio Rancho (zip 87124)
- Renters make up 22.3% of the Rio Rancho (zip 87124) population
- 1.8% of houses and apartments in Rio Rancho (zip 87124), 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.