Rio Rancho, NM

Population: 91,949
Average annual home appreciation rate: 2.81%
Total of homes for sale in this market: 827
Median home price: $173,222
Median Rent: $1,068 per room
Home price range: 54.40% of homes are between $99,001 – $198,000
Median sales price: NO DATA
Number of homes: 478
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 88.60% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 7.32%
Number of renters: 21.96%
Number of owner occupied: 78.04%
Number people living below poverty level: 11.37%
Unemployment rate: 5.60%
Is this area perfect for real estate deals going on right now? Markets such as Rio Rancho can spell opportunity for the savvy cash investor. Based on the fact that down markets can produce properties owned by motivated sellers who are much more willing to negotiate the prices of their properties, when cash is the means of the purchase. There is always opportunity for savvy real estate investors in a market that has been ‘down’ for some time.

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