Rio Communities, NM housing market
The typical Rio Communities home is worth about $271,000, up 2.5% in a year, 15% below the New Mexico typical home.
Home values, sales, trends and how Rio Communities compares with the towns next door — updated as new data is published.
Rio Communities at a glance
Typical home value, 2016–2026
Show as a table
| January | Rio Communities | New Mexico |
|---|---|---|
| 2017 | $111,000 | $178,000 |
| 2018 | $120,000 | $184,000 |
| 2019 | $131,000 | $193,000 |
| 2020 | $142,000 | $205,000 |
| 2021 | $165,000 | $229,000 |
| 2022 | $199,000 | $263,000 |
| 2023 | $217,000 | $287,000 |
| 2024 | $242,000 | $302,000 |
| 2025 | $264,000 | $313,000 |
| 2026 | $267,000 | $315,000 |
| August 2026 | $271,000 | $318,000 |
10 new homes permitted in 2025
Builders were permitted 10 new homes in Rio Communities in 2025, all single-family houses, worth about $1.5 million to build. That's 2 per 1,000 residents, slower than across New Mexico (5.2). Over the past 10 years, Rio Communities has permitted 23 homes in all.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 7 | 7 | 0 | $1 million |
| 2025 | 10 | 10 | 0 | $1.5 million |
| 2024 | 12 | 12 | 0 | $1.8 million |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 1 | 1 | 0 | $265,000 |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
Rio Communities's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Rio Communities ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
5.9 years of income
The typical Rio Communities home costs about 5.9 years of the town's median household income, more than across New Mexico (5 years).
How Rio Communities ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,200
HUD's Fair Market Rent for a two-bedroom in Rio Communities is $1,200 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Rio Communities pay a median of $1,055, so moving in tends to cost more than staying put. A two-bedroom takes about 31% of the town's median household income, above the 30% guideline for affordable housing.
Studio $830 · 4 bedrooms $1,990
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (87002; Albuquerque, NM MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.