New Mexico Real Estate
Learn about the potential market value of your home based on the current real estate activity in Rio Rancho.
813 12th Avenue SW
List Price: $235,000
With this program, you’ll virtually only have to put $500 down for a new home. Even if you don’t have perfect credit, you can still be eligible for the program.
There are a wide variety of homes for sale in Rio Rancho, New Mexico nestled inside neighborhoods that offer panoramic views, alluring southwest landscapes and exquisite architecture designed by a variety of home builders.
Originally part of the 89,000 acre Alameda Land Grant given by King Philip IV of Spain in 1710 to Francisco Montes Vigil, the City of Rio Rancho was born in the early 1960s when an investment corporation purchased 55,000 of those acres, then referred to as Rio Rancho Estates.
Rio Rancho, New Mexico, the City of Vision, is the third largest and fastest growing city in the state of New Mexico. The 73 square miles of Rio Rancho rests at approximately 5,300 feet above sea level.
Located North of Albuquerque, Rio Rancho increased its independence as the city’s infrastructure grew rapidly in the early to mid 1990s. Presently, the city’s latest project has been the new downtown center which includes a new city hall building that opened in 2007.