Rio Rancho, New Mexico is a part of the Northwest Submarket submarket area, and contains 3 zip codes: 87124, 87144, and 87174.
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.
Submarket Area
Avg Rent
Rent Growth
Vacancy
Median Income
Population (2018)
Population Growth
Vs. Nat’l Avg
Zip Codes
Northwest Submarket
$985
23.28%
4.00%
$63,014
98,023
12.00%
4.51%
87124 87144 87174
Submarket Area Northwest Submarket
Avg Rent $985
Rent Growth 23.28%
Vacancy 4.00%
Median Income $63,014
Population (2018) 98,023
Population Growth 12.00%
Vs. Nat’l Avg 4.51%
Zip Codes 87124 87144 87174
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By providing my number and email, I agree to receive emails, text messages, and phone calls, which may be recorded unless I opt out of such communications. I understand that my consent to be contacted is not a requirement to purchase any product or service and that I can opt out at any time. Message & data rates may apply. Message frequency varies. Subscription may be canceled by texting STOP, END, QUIT, CANCEL or UNSUBSCRIBE.By submitting this form, you agree to receive personalized information. Your information is encrypted, anonymized, and will never be shared.
By providing my number and email, I agree to receive emails, text messages, and phone calls, which may be recorded unless I opt out of such communications. I understand that my consent to be contacted is not a requirement to purchase any product or service and that I can opt out at any time. Message & data rates may apply. Message frequency varies. Subscription may be canceled by texting STOP, END, QUIT, CANCEL or UNSUBSCRIBE.By submitting this form, you agree to receive personalized information. Your information is encrypted, anonymized, and will never be shared.
By providing my number and email, I agree to receive emails, text messages, and phone calls, which may be recorded unless I opt out of such communications. I understand that my consent to be contacted is not a requirement to purchase any product or service and that I can opt out at any time. Message & data rates may apply. Message frequency varies. Subscription may be canceled by texting STOP, END, QUIT, CANCEL or UNSUBSCRIBE.By submitting this form, you agree to receive personalized information. Your information is encrypted, anonymized, and will never be shared.
By providing my number and email, I agree to receive emails, text messages, and phone calls, which may be recorded unless I opt out of such communications. I understand that my consent to be contacted is not a requirement to purchase any product or service and that I can opt out at any time. Message & data rates may apply. Message frequency varies. Subscription may be canceled by texting STOP, END, QUIT, CANCEL or UNSUBSCRIBE. By submitting this form, you agree to receive personalized information. Your information is encrypted, anonymized, and will never be shared.