Market Intelligence · NM / Rio Rancho

Rio Rancho, NM 87124 Housing Market

Typical home value in Rio Rancho 87124 is $351,939, up 0.3% over the past year. The median list price stands at $434,035, with homes spending a median 57 days on market.

Updated August 2026Median value$350K

The median home value in Rio Rancho, NM 87124 is $350K as of August 2026, up 0.5% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 87124 range

$322K to $378K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.5% over 12 months

Typical home value in 87124 over the last 12 months: $348K in Aug 2025 to $350K in Aug 2026 (+0.5%).

Aug 2025$348K

Aug 2026$350K

The numbers

What is the 87124 housing market like?

Typical home value

$350K

Up0.5%YoY

Median list price

$434K

Up1.1%MoM

Days on market

57

Down1.7%MoM

Homes for sale

194

Up6.6%MoM

Price cuts

22.1%

Down1.3%MoM

New listings

100

Up4.2%MoM

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

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The comparison

How do 87124 home prices compare?

  • 87124$350,072
  • Rio Rancho$361,574
  • New Mexico$282,082
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Rio Rancho: 2 ZIPs; New Mexico: 153 ZIPs; United States: 26,265 ZIPs).

Context

Rio Rancho's market shows steady but modest growth. There are 194 homes for sale as of August 2026, with 100 new listings arriving recently. The median time to sell remains measured at 57 days. Price cuts appear on 22.1% of listings, suggesting some sellers are testing the market or adjusting expectations. For homeowners considering a sale, this is a balanced market where pricing strategy matters.

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