Homes for Sale In Rio Rancho NM Real Estate
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Rio Rancho New Mexico is the largest city and economic hub of Sandoval County in New Mexico. A small portion of the city extends into northern Bernalillo County. Rio Rancho NM is the third-largest, and one of the fastest growing, cities in New Mexico.
According to the United States Census Bureau, Rio Rancho NM has a total area of 103.7 square miles. 103.4 square miles is land and 0.31 square miles is water. Zip codes for Rio Rancho NM include: 87124 and 87144.
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Our experienced Real Estate Agents will be happy to show you the most beautiful Rio Rancho homes for sale – Call Today! (505) 401-7500
Rio Rancho NM Home Buyers
If you are a buyer, our first goal is to provide you with exceptional customer service. Our goals are to help you find the right home, make sure you don’t miss out on any houses for sale in Rio Rancho that meet your needs, and make sure you don’t pay too much for your new home. Please utilize our Rio Rancho NM real estate expertise to make your home search and buying experience as stress free as possible.
Sell My Rio Rancho NM Home
If you are thinking about selling your Rio Rancho NM real estate, we utilize the latest, cutting-edge, real estate marketing tools to expose your property to the widest range of potential buyers. We are here to get your Rio Rancho real estate for sale marketed to sell as quickly as possible and for the best price! Our goals are to help you get your home sold and get you where you want to go on time. Put you in the strongest negotiating position as possible. Make it easier for you and reduce surprises. Click here to get a Free Valuation on Your Rio Rancho NM Home for Sale. Check out our great tips to sell your Rio Rancho NM home.
Before AMREP advertised Rio Rancho houses for sale to people across the United States, this city was just a quiet little town across the river from Albuquerque. However, after AMREP began offering Rio Rancho homes at low and affordable prices in the 1960s, and a great number of New Yorkers were attracted to the low prices and breathtaking vistas that they had never experienced on the East Coast.
This influx of people soon caused a population boom in the 1970s. The town saw itself becoming ten times its original size by 1980. In that same year, one company found Rio Rancho enticing enough to purchase land to build a 50 million dollar plant. This company was Intel, and its introduction to Rio Rancho transformed this quiet city to into one of the largest and fastest growing cities of New Mexico. The city of Rio Rancho moniker is “the City of Vision.”
Rio Rancho Realtors Real Estate Agents – Call Today! (505) 401-7500
There is intense focus on economic growth and reputation as a business friendly city. Now is the perfect time to look for Rio Rancho real estate for sale before the influx of newer businesses causes the price of properties to increase. Nestled by the gentle waters of the Rio Grande and in view of the Sandia Mountains, Rio Rancho is able to offer a picturesque living experience.
The city’s close proximity to Albuquerque also means that those who are looking for the perfect Rio Rancho homes for sale are also able to enjoy all the trappings of a large modern city without the expenses associated with actually living in a city. Call us today at (505) 401-7500 for more information about buying your next house in Rio Rancho.
Rio Rancho is in an arid climate, and gets around 10 inches of rain and 8 inches of snow per year. The number of days with any measurable precipitation is 51. On average, The city boasts 273 sunny days per year with July highs around 91 degrees and January lows around 20. The comfort index, which is based on humidity during the hot months, is a 64 out of 100, where higher is more comfortable. US average on the comfort index is 44.
As of 2014, Rio Rancho NM has a population of 87,068 with 842 people per square mile (population density). The median age is 36.1. 54.60% of people are married and 12.66% are divorced. The average household size is 2.75 people. 36.46% of people are married, with children. 18.11% of the Rio Rancho population have children and single.
Are you interested in buying new Rio Rancho house for sale built by some of the finest Rio Rancho home builders. We work with all the Rio Rancho new home builders and can help you purchase a brand new home. Myers & Myers Real Estate in the only full service real estate company you will need if you are buying or selling a home, house, homes, real estate, town houses, lots, land, foreclosures, or investment properties in Rio Rancho New Mexico.
- Rio Rancho NM First Time Home Buyers – Are you a first time home buyer? First time home buyers are defined as anyone that has not owned a home in the past three years. Learn about our $500 moves you in for Rio Rancho First Time Home Buyers program.
- Foreclosure Properties in Rio Rancho NM – Are you searching homes for sale in Rio Rancho NM or Rio Rancho real estate for sale at prices below market value? You may want to search Rio Rancho Foreclosures to learn more.
- New Homes For Sale In Rio Rancho NM – Are you interested in buying new Rio Rancho homes for sale built by some of Rio Rancho’s finest builders. We work with all the new home builders and can help you purchase a brand new home.
There was rapid development of the city during the 70s and continued increase in commercial importance. The number of homes for sale in Rio Rancho skyrocketed as well. This increase in the number of residences acted as a positive feed back to the ever-expanding industries in the city. In 2002, Intel opened the Intel Fab 11X. This was the world’s largest semiconductor plant, in the heart of Rio Rancho.
A number of other large name companies have also entered the area since, including Hewlett Packard. The rise in opportunities meant a similar rise in the price of many Rio Rancho homes for sale. But compared to the economic juggernaut of Albuquerque, the price of Rio Rancho real estate for sale remains affordable, sustaining the city’s rapid expansion.
Though Rio Rancho had traditionally been overshadowed by Albuquerque. There has been significant growth. In the fall of 2011, a new Presbyterian Hospital was inaugurated. Presbyterian Hospital is located in the southern part of Rio Rancho. The University of New Mexico also built a brand new teaching hospital downtown. The number of homes for sale in Rio Rancho is expected to rise quickly over the years.
Largest Employers in Rio Rancho in order of employees include: Intel, Rio Rancho Public Schools, Hewlett-Packard, Presbyterian Health Services, Bank of America, Stream Global, Alliance Data Inc., U.S. Cotton and Wal-Mart Stores, Inc..
The unemployment rate in Rio Rancho is 6.30%, with job growth of -0.51%. Future job growth over the next ten years is predicted to be 32.70%. Sales tax rate is 7.44%. Income tax is 4.90%. The income per capita is $27,261, which includes all adults and children. The median household income is $60,125.
Schools and Education
Rio Rancho is served by Rio Rancho Public Schools and has 4 middle schools and two high schools. In addition, Rio Rancho has one public charter school called The ASK Academy. The ASK academy focuses on STEM (Science Technology Engineering Mathematics) education, and currently serves grades 7-12. Rio Rancho schools spend $10,272 per student. There are 16 pupils per teacher, 526 students per librarian and 602 children per counselor.
Public transportation in Rio Ranch includes: ABQ Ride (bus service),New Mexico Rail Runner (commuter train). The nearest major airport is Albuquerque International Sunport (ABQ / KABQ). This airport has domestic flights from Albuquerque. It is located 25 miles from the center of Rio Rancho. Another major airport is Santa Fe Municipal Airport (SAF / KSAF), with domestic flights from Santa Fe.
Our extensive knowledge of the Rio Rancho real estate market allows us to guide our clients intelligently. Whether you are looking to buy, sell or invest, our mission is to provide you with exceptional customer service and assist you through the entire process.
Please call us today or fill out the contact form, and let us know how we can best serve your Rio Rancho real estate needs. We look forward to speaking with you!
John Myers, Owner and Qualifying Broker
Myers & Myers Real Estate
Office: 505 401-7500
Map of Rio Rancho, NM