Area data
Rio Rancho, NM — ZIP 87124
Population: 58,499 (Census ACS)
The median home value in ZIP 87124 (Rio Rancho, NM) is $351,939 — up 0.3% over the past year. Typical rent runs $1,692/month. 13 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with lightning, drought, hail the top-rated hazards. Cost of living is 7.5% below the US average (BEA, metro/state-level).
$351,939
Median home value
+0.3%
1-year change
Relatively Low
Hazard risk (county)
Home values & appreciation
- Median home value
- $351,939
- 1-year appreciation
- +0.3%
- 3-year appreciation
- +7.5%
- 5-year appreciation
- +30.3%
- 10-year appreciation
- +101.6%
- All-time peak (2026-03)
- $353,104
- House Price Index (state)
- 406.5 (+0.8% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- For-sale inventory
- 240
- 1-year forecast
- +1.7%
- Days to pending
- 37 days
- New listings (monthly)
- 91
Source: recent area sales and market data (ZIP-level)
Rents
- Typical rent
- $1,692/mo
- 1-year rent change
- +2.5%
Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)
Affordability
- Cost of living index (Below Average)
- 92.5 (100 = US avg)
- Electricity rate (state-level)
- 15.1¢/kWh
- Natural gas rate (state-level)
- $9.80/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Schools
- Total schools
- 13
- Elementary schools
- 7
- Middle schools
- 2
- High schools
- 4
- Charter schools
- 1
- School districts serving the area
- RIO RANCHO PUBLIC SCHOOLS, THE ASK ACADEMY
- Schools include
- RIO RANCHO ELEMENTARY, PUESTA DEL SOL ELEMENTARY, LINCOLN MIDDLE, MARTIN KING JR ELEMENTARY, ERNEST STAPLETON ELEMENTARY
Source: NCES school directory, 2022-23 (school-address-based)
Natural hazards & flood risk
- Overall hazard risk (county)
- Relatively Low
- Top hazards (county)
- lightning, drought, hail, heatWave, inlandFlooding
- Notable hazard ratings (county)
- coldWave: Relatively Low · drought: Relatively Moderate · earthquake: Relatively Low · hail: Relatively Moderate · heatWave: Relatively Moderate · inlandFlooding: Relatively Moderate
- Wildfire risk to homes (county)
- Higher than 87% of US counties
- Buildings in wildfire direct-exposure zone
- 44.7%
- Radon potential (county)
- Moderate radon potential — EPA Zone 2 of 3
- EPA Superfund (NPL) sites within 5 mi
- None
- Nearest Superfund site
- Fruit Avenue Plume (14.2 mi)
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Annual precipitation
- 9.6 in
- USDA plant hardiness zone
- 7b (extreme annual low 5 to 10°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 44
- Days with Good air quality
- 270
- Days with Moderate air quality
- 70
- Highest AQI recorded (year)
- 87
Source: EPA air quality data (nearest monitoring station, annual)
Amenities
- National parks within ~60 mi
- 4
- Nearest national park
- Petroglyph National Monument (10 mi)
- National parks include
- Petroglyph National Monument, Bandelier National Monument, Valles Caldera National Preserve
- Airports within 30 mi
- 3
- Nearest airport
- Double Eagle II Airport (11 mi)
- Nearest major airport
- Double Eagle II Airport (11 mi)
- Hospitals nearby (~15 mi)
- 1,090
- Hospitals include
- MIZELL MEMORIAL HOSPITAL, CRENSHAW COMMUNITY HOSPITAL, CRENSHAW COMMUNITY HOSPITAL
- Avg hospital rating (CMS)
- 3.1 / 5
- Best hospital rating nearby (CMS)
- 5.0 / 5
- EV charging stations (within 10 mi)
- 33
- Solar radiation rating
- Excellent (5.6 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- +984 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,991
- Housing built before 1970
- 5.1%
- Housing built 2000 or later
- 36.6%
- Median annual property tax
- $2,086
- Mean commute to work
- 23 min
- Households with broadband internet
- 78.4%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 25,406
- Average weekly wage
- $1,076
- Top industries (by employment)
- Health Care, Accommodation & Food, Construction
- Annual residential building permits (county)
- 1,040
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 87124 | State median | US median | |
|---|---|---|---|
| Median home value | $351,939 | $276,184 | $289,727 |
| Typical rent | $1,692/mo | $1,508/mo | $1,808/mo |
| Median annual property tax | $2,086 | $929 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in ZIP 87124?
- $351,939.
- What is typical rent in ZIP 87124?
- Typical rent: $1,692/month.
- What is the natural-hazard risk in ZIP 87124?
- Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: lightning, drought, hail, heatWave, inlandFlooding.
- What is the wildfire risk in ZIP 87124?
- Risk to homes is higher than 87% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in ZIP 87124?
- Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 87124?
- No current or proposed National Priorities List sites within 5 miles (EPA).
- How many schools serve ZIP 87124?
- 13 schools (7 elementary, 2 middle, 4 high) (NCES, 2022-23).
- What is the air quality in ZIP 87124?
- Good. Median AQI: 44. (EPA AQI).
- What is the cost of living in ZIP 87124?
- Regional Price Parity: 92.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).
Nearby ZIP codes
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Data last updated
Most recent source refresh: Sep 2026. See all data sources →