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Market Intelligence · NM / Sandoval County

Rio Rancho, NM home prices and housing market

2 ZIP markets liveData updated September 2026Typical value$361K1-yr changeUp0.7%

The typical home value in Rio Rancho, NM is $361K as of September 2026, up 0.7% from a year ago, based on the Zillow Home Value Index. In the typical Rio Rancho ZIP code, the median list price is $423K and homes spend a median of 66 days on market as of September 2026 (Realtor.com).

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The coverage

Rio Rancho, by the numbers.

Typical home valueZillow ZHVI, September 2026
$361K
1-yr changeMedian across Rio Rancho ZIPs
+0.7%
ZIP markets live3 tracked in Rio Rancho
2
County
Sandoval County

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12-month value trend

+0.7% over 12 months

Typical home value in Rio Rancho over the last 12 months: $358K in Sep 2025 to $361K in Sep 2026 (+0.7%).

Sep 2025$358K

Sep 2026$361K

Median Zillow home value index across Rio Rancho's ZIP codes.

Context

Rio Rancho has a typical home value of $360,743 as of September 2026, up 0.7% over the past year. The median list price stands at $422,973, with 487 homes currently for sale and 164 new listings added recently. Homes are staying on the market for a median of 66 days, and about 29.8% of listings have seen a price cut. The market is moving slowly, so if you're thinking about selling, be prepared for a longer sales timeline and the likelihood that price adjustments may be necessary.

The numbers

What is the housing market like in Rio Rancho, NM?

Typical home value

$361K

Up0.7%YoY

Median list price

$423K

Days on market

66

Homes for sale

487

Price cuts

29.8%

New listings

164

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Rio Rancho's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Rio Rancho, NM home prices over time

Typical home values in Rio Rancho, NM are up 0.7% over the past year, from $358K in September 2025 to $361K in September 2026.

Typical home value in Rio Rancho, NM, September of each year
MonthTypical value1-yr change
September 2026$360,743+0.7%
September 2025$358,103No prior year

Typical value is the median Zillow Home Value Index across Rio Rancho ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Rio Rancho, NM a buyer's or seller's market?

Rio Rancho, NM leans toward a buyer's market.

Homes are taking longer to sell, a large share of listings have cut their asking price, and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 66 days on market and 30% of listings with a price cut in the typical Rio Rancho ZIP code, and 164 new listings against 487 active listings across Rio Rancho, as of September 2026 (Realtor.com).

The outlook

Rio Rancho housing market forecast 2027

+1.7%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 2 Rio Rancho ZIP codes, points to typical home values rising 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in Rio Rancho rose 0.7%, per the Zillow Home Value Index.

Will home prices drop in Rio Rancho?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Rio Rancho shows typical home values rising 1.7% by September 2027, after a 0.7% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 2 Rio Rancho ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Rio Rancho?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 3 Rio Rancho ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Rio Rancho, NM home prices.

What is a typical home worth in Rio Rancho?

The typical home value in Rio Rancho is $360,743 as of September 2026, which is up 0.7% from the previous year.

How long do homes stay on the market in Rio Rancho?

The median time on market is 66 days in Rio Rancho as of September 2026.

What is the median list price in Rio Rancho?

The median list price in Rio Rancho is $422,973 as of September 2026, with 487 homes currently for sale.

Are home prices going up or down in Rio Rancho, NM?

Typical home values in Rio Rancho, NM are up 0.7% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Rio Rancho, NM a buyer's or seller's market?

Rio Rancho, NM leans toward a buyer's market. Homes are taking longer to sell, a large share of listings have cut their asking price, and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 66 days on market and 30% of listings with a price cut in the typical Rio Rancho ZIP code, and 164 new listings against 487 active listings across Rio Rancho, as of September 2026 (Realtor.com).

Nearby markets

More New Mexico housing markets.

The market is moving

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