Housing in Rio Rancho, NM
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$353,785
Zillow Rent Index
$1,871
Rio Rancho vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 100,000 - 250,000 residents. Rio Rancho is highlighted.
Median Home Value
71st%ilemost expensive$273,300show rank
Median Rent
81st%ilemost expensive rent$1,481show rank
Rent Burden
64th%ilehighest rent burden20.7%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$273,300
Median Rent
$1,481
Total Housing Units
40,640
Vacancy Rate
3.6%
Owner Occupied
82.2%
Renter Occupied
17.8%
Median Property Tax
$2,104
per year
Monthly Cost (w/ Mortgage)
$1,308
Housing Types
Single Family90.0%
Multi-Family8.1%
Mobile Home1.9%
The median home value in Rio Rancho, NM is $273,300. According to Zillow, the home value index for Rio Rancho is $353,785. Zillow's observed rent index is $1,871/month. About 82.2% of housing units are owner-occupied. The median year homes were built is 2000. There are 40,640 total housing units.