Rio Rancho, NM Multifamily Homes & Duplexes for Sale

Rio Rancho's A Park Above stands out as New Mexico's first fully inclusive playground, welcoming children and adults of all abilities. The Santa Ana Star Center and Rio Rancho Events Center bring major concerts and sporting events to the city, while outdoor recreation thrives at the Rio Rancho Sports Complex and Willow Creek Bosque. Local dining ranges from authentic New Mexican cuisine at El Pinto to wood-fired pizzas at Turtle Mountain Brewing Company, plus upscale Italian at M'tucci's Moderno. The housing market features diverse options across established neighborhoods. Single family homes in Mariposa Subdivision have a median price of $519,100, while Cabezon homes typically sell for $426,700. Northern Meadows presents more affordable options with a median price of $327,500. Townhomes throughout Rio Rancho have a median price of $315,000, and one bedroom condos start at a median of $148,000. Rio Rancho's cost of living sits 4.9% below the national average. Property taxes in Sandoval County are 0.76%, lower than nearby Albuquerque at 0.95%. A family with school age children should budget $8,000 monthly for expenses, including $1,500 for groceries. Renters need approximately $57,000 annually to live comfortably. The public school system includes highly rated institutions like Lincoln Middle School and Rio Rancho Middle School, both earning A ratings from Niche. Major employers include Intel Corporation, HP Inc., and Presbyterian Healthcare Services. The city experiences over 300 days of sunshine annually, with hot summers and mild winters, making it ideal for year round outdoor activities.