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Rio Rancho Estates

Learn about the people, housing, costs and businesses in Rio Rancho Estates, New Mexico

Median Home$231,807
Median Rent$1,492/month
Population1,669
Leading IndustriesHealthcare · Arts, Food & Hospitality18% healthcare
Home Value Growth⬆⬆+16.1% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners90% of occupied units
NotableVeteran Community14% of residents · top 3% nationally
Rio Rancho Estates
NM

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Rio Rancho Estates?

As of today, the 30-year fixed mortgage rate for Rio Rancho Estates is approximately 6.995% (7.035% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Rio Rancho Estates?

The median home value in Rio Rancho Estates is $232k. The median monthly rent is $1,492. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rio Rancho Estates?

Home values in Rio Rancho Estates have increased 16.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Rio Rancho Estates?

Based on a typical all-in ownership cost of $1,050/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rio Rancho Estates is $64k/year.

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What industries drive the economy in Rio Rancho Estates?

The largest employment sectors in Rio Rancho Estates are public administration (21%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.