Home prices
The median home in Rio Rancho is valued at $190,800. It is about $40,540 (17%) lower compared to nearby areas.In comparison to the nation as a whole it is approximately $26,700 (12%) lower, and is roughly $7,400 (3%) lower compared to the city of Albuquerque.
Rents
In Rio Rancho the median rent is $1,167 a month. It is about $174 (17%) higher in comparison to nearby areas.It is about $105 (9%) higher compared to the entire country, and in comparison to the city of Albuquerque is roughly $294 (33%) higher.
Nearby places
Corrales
Corrales is Rio Rancho's neighbor to the southeast. The real estate prices there are significantly more expensive. The median home value in Corrales is $447,600, which works out to $256,800 (57%) higher than Rio Rancho. Its rents are a bit less expensive. In Corrales the median monthly rent is $1,094, which comes out to $73 (6%) lower than Rio Rancho.
Bernalillo
Bernalillo is Rio Rancho's neighbor to the east. Housing prices there are somewhat less expensive. Bernalillo's median home cost is $161,300, which works out to $29,500 (18%) lower than Rio Rancho. Rents there are a lot less expensive. The median monthly rent in Bernalillo is $800, which works out to $367 (45%) lower than Rio Rancho.
Paradise Hills
Paradise Hills is roughly 6 miles south of Rio Rancho. Real estate prices there are similar. The median home in Paradise Hills costs $182,100, which is $8,700 (4%) lower than Rio Rancho. Rent there is pretty similar. The median rent in Paradise Hills is $1,121 per month, which works out to $46 (4%) lower than Rio Rancho.
Pueblo of Sandia Village
Pueblo of Sandia Village is approximately 6 miles east from Rio Rancho. Real estate prices there are substantially less expensive. The value of the median home in Pueblo of Sandia Village is $109,400, which works out to $81,400 (74%) lower than Rio Rancho. Rents there are substantially less expensive. The median rent in Pueblo of Sandia Village is $744 per month, which comes out to $423 (56%) lower than Rio Rancho.
Edith Endave
Edith Endave is roughly 7 miles southeast from Rio Rancho. Its housing prices are somewhat more expensive. The median home value in Edith Endave is $256,300, which works out to $65,500 (25%) higher than Rio Rancho. Rent there is fairly similar. The median rent in Edith Endave is $1,208 per month, which works out to $41 (3%) higher than Rio Rancho.
