The median home value in Rio Rancho, NM is $120,332. This is lower than the county median home value of $260,000. The national median home value is $266,648. The average price of homes sold in Rio Rancho, NM is $120,332. Approximately 75% of Rio Rancho homes are owned, compared to 20% rented, while 6% are vacant. Rio Rancho real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Rio Rancho real estate agent to arrange a tour today! Learn more about Rio Rancho Real Estate.