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 Type | 0.80% |
| One Bedroom | 4.80% |
| Two Bedrooms | 22.60% |
| Three Bedrooms | 58.20% |
| Four Bedrooms | 11.60% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1988 |
| Median Value of occupied units | $112,900 |
| Median Price asked for vacant units | $113,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1988 |
| Median Monthly Rent asked for vacant units | $690 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 12.60% |
| Home Equity Loan | 7.60% |
| Simple Mortgage | 65.50% |
| Debt Free | 14% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.3% |
