The story of this market
The typical home in ZIP 87124 sells for about $445,000, or $188 per square foot.
Prices are down 42.6% from a year ago, which gives buyers more room to negotiate. Homes take about 94 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,384 a month.
ZIP 87124 — Rio Rancho
The housing market in 87124 is currently experiencing significant volatility with a sharp year-over-year decline in median sale prices and a substantial increase in days on market. Limited sales volume and rising inventory suggest a cooling trend in this Rio Rancho area. Several metrics, including rent and specific school ratings, were not determinable at the ZIP level.
Median prices moved down 42.6% year over year.
Homes spend a median of 94 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 87124, Sandoval County NM
Property taxes in this ZIP are assessed at an effective rate of approximately 0.6%, consistent with the New Mexico state average.
Data retrieved from US Census and IncomeByZipCode.com
- Urban Air Trampoline and Adventure Park49.2 mi
- Cliff's Amusement Park4.39.1 mi
- Hinkle Fun Center4.415.1 mi
- Round1 Bowling & Arcade - Albuquerque4.211.6 mi
- Electric Playhouse4.28.9 mi
- Sandia Resort & Casino4.27.7 mi
- Isleta Amphitheater4.417.2 mi
- Rio Rancho Events Center4.34.7 mi
- Albuquerque Convention Center4.311 mi
- RGCU Field at Isotopes Park4.712.5 mi
- Sandia Peak Tramway4.712.8 mi
- ABQ BioPark Zoo4.511.5 mi
- Cinemark Century Rio Plex 24 and XD4.58.7 mi
- ABQ BioPark Aquarium4.610.3 mi
- Explora Science Center and Children's Museum of Albuquerque4.810.1 mi
- Sandia Peak Tramway4.712.8 mi
- Petroglyph National Monument4.68.7 mi
- ABQ BioPark - Botanic Garden4.710.3 mi
- Old Town Plaza4.610.2 mi
- North Domingo Baca Park4.78.7 mi
- Sandia Resort & Casino4.27.7 mi
- Topgolf Albuquerque4.48.9 mi
- Ladera Golf Course4.28.3 mi
- Arroyo Del Oso Golf Course4.410.1 mi
- Paradise Hills Golf Course4.33.1 mi
- Cottonwood Mall4.23.7 mi
- Coronado Center4.311.6 mi
- El Super4.110.7 mi
- Smith's412.2 mi
- Smith's4.111.4 mi
- Albuquerque International Sunport4.414.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).