Rio Rancho, New Mexico is a part of the Northwest Submarket submarket area, and contains 3 zip codes: 87174, 87124, and 87144.
The 2019 average effective rent for Class A, B, and C apartments in the Rio Rancho, NM submarket area was $985, which is 23.28% higher than 2014 average rent. This represents a compounded annual growth rate of 4.27%. 2019 vacancy in Rio Rancho, NM was 4.00%.
The total population of the city of Rio Rancho, NM has grown 12.00% since 2010. As of 2018, the population was 98,023. The median household income of the Rio Rancho was $63,014, which is 4.51% higher than the national average.
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