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Rio Rancho, NM Real Estate


According to census data in the year 2000 there were 20,176 housing units in Rio Rancho.

Of those housing units, 19,898 were located in either urbanized areas or urban clusters, and 278 were located in what is classified as a rural area.

Homeownership rate in Rio Rancho is about 81.4%. Rio Rancho's vacancy rate, including seasonal lodging, is about 6%. Average household size is 2.71 people.

The majority of houses, apartments or condos in Rio Rancho were built after 1988.

Statistics

Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom4.80%
Two Bedrooms22.60%
Three Bedrooms58.20%
Four Bedrooms11.60%
Five Bedrooms or more1.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.77
Median year structure was built1988
Median Value of occupied units$112,900
Median Price asked for vacant units$113,500

Rented Homes, Apartments and Condos

Average Household Size2.41
Median year structure was built1988
Median Monthly Rent asked for vacant units$690

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage12.60%
Home Equity Loan7.60%
Simple Mortgage65.50%
Debt Free14%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs21.3%