US5.com
  1. Home
  2. States
  3. New Mexico
  4. ZIP 87124
  5. Housing & Real Estate
Rio Rancho Estates CDP, NM

ZIP 87124 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87124

Median Home Value
$262,800
Median Rent
$1,168
Affordability Snapshot
$72,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,688/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

18.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 87124 in Rio Rancho Estates CDP, NM, a household would need roughly $72,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,688. That sits below the local median household income ($82,278), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
79.2%+21% vs US avg
x
Vacancy Rate
3.9%-62% vs US avg
x
Broadband Access
92.4%+6% vs US avg
x
4+ Bedrooms
4.7%-68% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
20.1%-60% vs US avg
x
Mortgage-Free
32.4%-15% vs US avg
x
$262,800
Home Value
$1,168
Rent
1992
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached79.5%
  • 1-unit attached3.7%
  • 2-9 units8.2%
  • 10+ units5.0%
  • Mobile home & other3.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$262,800
Median rent$1,168
Owner-occupied79.2%
Vacant3.9%
Price-to-income3.2x
Est. income to buy$72,000