Rio Rancho Profile
Quality of Life
Housing Archive
The City of Rio Rancho has attracted award-winning local, regional, and national homebuilders, which has resulted in a wide range of housing options. The City has maintained its reputation and marketability of affordable housing while building a name for itself in high-end real estate.
In November of 2005, the Albuquerque Metropolitan Board of Realtors (AMBOR) divided Rio Rancho into eight categories for residential sales reporting purposes. The AMBOR had previously maintained three reporting categories for Rio Rancho. The following table presents the summary statistics for Rio Rancho residential sales in 2005 by each district.
 For an enlarged map of Rio Rancho's eight residential districts, CLICK HERE.
 For an enlarged district map listing 2006 Residential Home Sales, CLICK HERE.
Resale activity within the community is active with many options from which to choose. The table below shows the current inventory of Rio Rancho single-family homes on the market by region and price range. For many years, Rio Rancho was known for its affordable housing. That trend continues and the City now boasts custom homes rivaling those of anywhere in the MSA.
Current Single Family Residential
Resale Market by District
Price* |
140 |
141 |
150 |
151 |
152 |
160 |
161 |
162 |
< $150 |
1 |
1 |
30 |
2 |
5 |
1 |
36 |
0 |
$150 - $200 |
22 |
3 |
128 |
28 |
3 |
27 |
67 |
2 |
$201 - $250 |
35 |
5 |
57 |
21 |
3 |
27 |
48 |
0 |
$251 - $500 |
110 |
1 |
94 |
111 |
1 |
101 |
25 |
1 |
> $500 |
13 |
0 |
18 |
45 |
0 |
20 |
4 |
0 |
Totals |
181 |
10 |
327 |
207 |
12 |
176 |
180 |
3 |
*Price in $1,000. October 3, 2007 Data, SWMLS
To conduct a search of the residential listings in the City of Rio Rancho, please see the Southwest Multiple Listing Service website at www.abqrealtors.com. Additional information on housing statistics can be located at the Albuquerque Metropolitan Board of Realtors website.
2006 Single Family Residential
Sales by District
District |
Description |
Sales |
Average Price |
140 |
Rio Rancho South |
206 |
$249,080 |
141 |
Rio Rancho Southwest |
11 |
$150,104 |
150 |
Rio Rancho Mid |
696 |
$185,691 |
151 |
Rio Rancho Mid- North |
204 |
$273,153 |
152 |
Rio Rancho Mid-West |
58 |
$132,673 |
160 |
Rio Rancho - North |
409 |
$228,000 |
161 |
Rio Rancho Central |
389 |
$165,667 |
162 |
Rio Rancho Northwest |
7 |
$258,199 |
2005 Single Family Residential
Sales by District
District |
Description |
Sales |
Average Price |
140 |
Rio Rancho South |
162 |
$188,733 |
141 |
Rio Rancho Southwest |
15 |
$154,653 |
150 |
Rio Rancho Mid |
794 |
$160,750 |
151 |
Rio Rancho Mid- North |
180 |
$232,898 |
152 |
Rio Rancho Mid-West |
47 |
$138,696 |
160 |
Rio Rancho - North |
491 |
$188,741 |
161 |
Rio Rancho Central |
216 |
$123,502 |
162 |
Rio Rancho Northwest |
2 |
$135,450 |
The overall average housing price in Rio Rancho for Class R1 (Existing Single family Detached) and R2 (Existing Condo/Town home Attached) in 2006 was $200,810. The median price was $175,000, total units sold and closed was 2,080, total dollar volume was $417,685,643, and 4,009 new listings were recorded. The following table provides more in-depth data for 2006’s R1 and R2 residential sales.
2006 Single Family Residential Sales by Class
2006 |
Class R1 |
Class R2 |
Class R1 & R2 |
Average Price |
$204,680 |
$123,388 |
$200,810 |
Median Price |
$177,000 |
$105,000 |
$175,000 |
Total Sold & Closed |
1,981 |
99 |
2,080 |
Total Dollar Volume |
$405,470,214 |
$12,215,429 |
$417,685,643 |
New Listings |
3,866 |
143 |
4,009 |
2005 Single Family Residential Sales by Class
2005 |
Class R1 |
Class R2 |
Class R1 & R2 |
Average Price |
$172,307 |
$106,815 |
$168,735 |
Median Price |
$149,500 |
$87,700 |
$147,000 |
Total Sold & Closed |
1,907 |
110 |
2,017 |
Total Dollar Volume |
$328,589,463 |
$11,749,630 |
$340,339,093 |
New Listings |
2,573 |
142 |
2,715 |
The table below shows the 2001-2004 average Rio Rancho residential sale price by zone. (Remember, prior to November 2005, Rio Rancho only had three reporting districts for sales reporting purposes.)
2001 – 2004 Single Family Residential
Average Sales Price
Categories
(Pre-November 2005) |
2004 |
2003 |
2002 |
2001 |
Total Sales |
Average Sale Price |
Total Sales |
Average Sale Price |
Total Sales |
Average Sale Price |
Total Sales |
Average Sale Price |
Rio Rancho South |
105 |
$145,305 |
82 |
$135,545 |
90 |
$131,791 |
69 |
$122,059 |
Rio Rancho Mid/Corrales Heights |
702 |
$133,050 |
579 |
$127,849 |
583 |
$122,283 |
523 |
$112,625 |
Rio Rancho North |
726 |
$148,995 |
489 |
$140,101 |
413 |
$131,320 |
384 |
$122,383 |
Source: Southwest Multiple Listing Service
To view recent and historical "Housing Permits" in Rio Rancho, CLICK HERE.
(Last updated 10/5/07)
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