Rio Rancho, Corrales, Placitas, Bernalillo, Algodones

Rio Rancho, with an estimated population of over 70,000, is recognized for its affordable housing, excellent public schools, home to Intel's largest semiconductor manufacturing facility, beautiful landscape and Northern New Mexico scenery. The Village of Corrales, which is adjacent to the eastern edge of Rio Rancho, enjoys a more rural feel with abundant agricultural and river properties. Placitas is a picturesque bedroom community in the Sandia foothills, in Sandoval County just north of Albuquerque. The Town of Bernalillo and Algodones are north of Rio Rancho, straddling the Rio Grande River and stretching north along the I-25 corridor toward Santa Fe. These areas also enjoy a more rural setting with agricultural and river properties.

As part of the Albuquerque Metro Area, Rio Rancho, Placitas and Corrales share all of the wonderful cultural, recreational and educational opportunities of Albuquerque. Recently ranked #1 on HousingPredictor's "Top 25 Real Estate Markets", #1 on Forbe's list of "Best Places for Business and Careers" and third on Kiplinger's "50 Smart Places to Live", these areas retain their wide-open feel, low-to-no pollution, little traffic congestion and pleasant year-round climate, with all that New Mexico has to offer.

Real Estate Search

Search the entire Southwest MLS here (by property type, single family, multi-family, condominiums, townhouses, manufactured housing, land, lots, acreage, farms, ranches, price range, number of bedrooms and bathrooms, and extra features) or use the Rio Rancho Residential Area Map or Rio Rancho Vacant Land Area Map, which includes northern portions Bernalillo County and the City of Albuquerque and subdivisions including High Resort, Enchanted Hills, Rivers Edge, Northern Meadows, Cabezon, North Hills, Mariposa, Corrales Heights and all of Sandoval County. Don't forget that professional real estate search assistance is also just a click away.

Rio Rancho, Corrales, Placitas, Bernalillo and Algodones Listings by MLS Area
Houses, Homes, Townhouses, Condominiums, Vacant Land
Wednesday, July 23, 2008

Rio Rancho Central 179 residential listings 428 land listings	Rio Rancho Mid 374 residential listings 204 land listings	Rio Rancho Mid-North 240 residential listings 503 land listings	Rio Rancho Mid-West 27 residential listings 696 land listings
Rio Rancho North 191 residential listings 731 land listings	Rio Rancho Northwest 9 residential listings 488 land listings	Rio Rancho South 228 residential listings 156 land listings	Rio Rancho Southwest 18 residential listings 332 land listings
Corrales 157 residential listings 74 land listings	Placitas 126 residential listings 133 land listings	Bernalillo-Algodones 91 residential listings 69 land listings	Albuquerque MLS Areas

Greater Albuquerque Metropolitan Residential Real Estate Rankings
Wednesday, July 23, 2008
Data provided is deemed reliable but not guaranteed.

Demand Rank Area 1 Uptown Area 2 Northeast Heights 3 West River Valley 4 Far Northeast Heights 5 Academy West 6 Fairgrounds Area 7 Rio Rancho Mid-West 8 Paradise Hills West 9 Southwest Heights 10 Ladera Heights 11 Near South Valley 12 Albuquerque Acres West 13 Foothills South 14 Rio Rancho Central 15 Valley Farms 16 UNM Area 17 Paradise Hills East 18 Rio Rancho Mid 19 Far North Valley 20 Southeast Heights 21 Northwest Heights 22 UNM South 23 North Valley 24 Foothills North 25 Near North Valley 26 Rio Rancho Southwest 27 Four Hills Village 28 Rio Rancho North 29 Sandia Heights 30 Rio Rancho South 31 Placitas Area 32 Downtown Albuquerque 33 Pajarito 34 North Albuquerque Acres 35 Rio Rancho Mid-North 36 Bernalillo Algodones 37 Corrales 38 Rio Rancho Northwest Demand is calculated using number of active listings and average number of monthly closings.

Appreciation this Month Rank Area 1 Rio Rancho Mid-West 2 Near South Valley 3 North Valley 4 Rio Rancho Mid-North 5 Southeast Heights 6 Foothills South 7 Rio Rancho Mid 8 Paradise Hills East 9 Uptown Area 10 Bernalillo Algodones 11 Southwest Heights 12 Paradise Hills West 13 Northwest Heights 14 Near North Valley 15 Far Northeast Heights 16 Rio Rancho South 17 Albuquerque Acres West 18 Corrales 19 Northeast Heights 20 North Albuquerque Acres 21 Foothills North 22 UNM South 23 Ladera Heights 24 UNM Area 25 Four Hills Village 26 Rio Rancho North 27 Academy West 28 Downtown Albuquerque 29 Rio Rancho Central 30 Placitas Area 31 Fairgrounds Area 32 Sandia Heights 33 Rio Rancho Southwest NA Valley Farms NA Pajarito NA Far North Valley NA West River Valley NA Rio Rancho Northwest Monthly appreciation compares average per-square-foot closing prices month-to-month.

Appreciation this Year Rank Area 1 Bernalillo Algodones 2 West River Valley 3 Near North Valley 4 Southeast Heights 5 Academy West 6 Far Northeast Heights 7 Placitas Area 8 Uptown Area 9 Fairgrounds Area 10 Rio Rancho Mid 11 Albuquerque Acres West 12 Rio Rancho South 13 Foothills South 14 Southwest Heights 15 UNM Area 16 North Valley 17 Four Hills Village 18 Northeast Heights 19 Corrales 20 Paradise Hills East 21 Northwest Heights 22 North Albuquerque Acres 23 Paradise Hills West 24 Sandia Heights 25 Rio Rancho Mid-North 26 Foothills North 27 Ladera Heights 28 Rio Rancho North 29 UNM South 30 Downtown Albuquerque 31 Rio Rancho Central 32 Near South Valley 33 Valley Farms 34 Rio Rancho Mid-West NA Pajarito NA Far North Valley NA Rio Rancho Southwest NA Rio Rancho Northwest Annual appreciation compares average 90-day per-square-foot closing prices year-to-year.

Affordability Rank Area 1 Rio Rancho Southwest 2 Southwest Heights 3 Near South Valley 4 Rio Rancho Mid-West 5 Pajarito 6 Ladera Heights 7 Paradise Hills West 8 Rio Rancho Central 9 Southeast Heights 10 Fairgrounds Area 11 Rio Rancho Mid 12 Rio Rancho Northwest 13 Valley Farms 14 Rio Rancho South 15 Uptown Area 16 Paradise Hills East 17 Academy West 18 Northeast Heights 19 Rio Rancho North 20 Northwest Heights 21 Foothills South 22 Rio Rancho Mid-North 23 Four Hills Village 24 Far Northeast Heights 25 Near North Valley 26 Bernalillo Algodones 27 Albuquerque Acres West 28 UNM South 29 North Valley 30 Far North Valley 31 Downtown Albuquerque 32 UNM Area 33 West River Valley 34 Placitas Area 35 Sandia Heights 36 North Albuquerque Acres 37 Corrales 38 Foothills North Affordability is based on average per-square-foot listing price.

House Size (sq. feet) Rank Area 1 North Albuquerque Acres 2 Corrales 3 Foothills North 4 Placitas Area 5 Sandia Heights 6 West River Valley 7 Rio Rancho Mid-North 8 Far North Valley 9 Albuquerque Acres West 10 Four Hills Village 11 North Valley 12 Rio Rancho South 13 Rio Rancho North 14 Bernalillo Algodones 15 Foothills South 16 Northwest Heights 17 Far Northeast Heights 18 Paradise Hills East 19 Valley Farms 20 UNM Area 21 Near North Valley 22 Paradise Hills West 23 Rio Rancho Northwest 24 Rio Rancho Mid 25 Rio Rancho Southwest 26 Ladera Heights 27 Rio Rancho Central 28 Academy West 29 Northeast Heights 30 Pajarito 31 Uptown Area 32 Southwest Heights 33 Near South Valley 34 Southeast Heights 35 Rio Rancho Mid-West 36 UNM South 37 Fairgrounds Area 38 Downtown Albuquerque House Size is based on the median average square-feet per area.

Lot Size (acres) Rank Area 1 Placitas Area 2 Corrales 3 North Albuquerque Acres 4 Far North Valley 5 Rio Rancho Mid-North 6 Rio Rancho Southwest 7 Valley Farms 8 Pajarito 9 Sandia Heights 10 Four Hills Village 11 West River Valley 12 Southeast Heights 13 Bernalillo Algodones 14 North Valley 15 Rio Rancho Mid-West 16 Rio Rancho South 17 Rio Rancho Mid 18 Rio Rancho North 19 Foothills North 20 Foothills South 21 Near South Valley 22 Rio Rancho Northwest 23 Uptown Area 24 UNM South 25 Near North Valley 26 Rio Rancho Central 27 Northwest Heights 28 Far Northeast Heights 29 Albuquerque Acres West 30 Paradise Hills West 31 Paradise Hills East 32 Fairgrounds Area 33 Northeast Heights 34 Academy West 35 UNM Area 36 Downtown Albuquerque 37 Ladera Heights 38 Southwest Heights Lot Size is based on median average acreage per area

House Age (years) Rank Area 1 Fairgrounds Area 2 UNM South 3 Uptown Area 4 UNM Area 5 Northeast Heights 6 Academy West 7 Far North Valley 8 Downtown Albuquerque 9 Foothills South 10 Sandia Heights 11 Valley Farms 12 Far Northeast Heights 13 Near South Valley 14 Four Hills Village 15 Rio Rancho Mid 16 Near North Valley 17 Pajarito 18 Corrales 19 North Valley 20 Southeast Heights 21 Ladera Heights 22 Rio Rancho Northwest 23 Paradise Hills East 24 Northwest Heights 25 Rio Rancho Mid-West 26 Placitas Area 27 West River Valley 28 Foothills North 29 North Albuquerque Acres 30 Rio Rancho Central 31 Rio Rancho Southwest 32 Southwest Heights 33 Bernalillo Algodones 34 Rio Rancho Mid-North 35 Albuquerque Acres West 36 Rio Rancho South 37 Paradise Hills West 38 Rio Rancho North House Age is based on the median average age calculated using year-built.

Greater Albuquerque Residential Real Estate Composite Statistical Market Indicators Date Monthly Appreciation Annual Appreciation Annual Sales Supply in Months 2/28/2008 -1% -1% -30% 10.9 3/3/2008 -1% -1% -28% 10.7 3/9/2008 2% -1% -25% 10.8 3/16/2008 3% -2% -26% 11.1 3/23/2008 2.9% -3.1% -29.9% 11.1 3/30/2008 2.4% -3.3% -27.9% 11.5 4/6/2008 1.7% -3.2% -23.9% 11.3 4/13/2008 1.4% -3.3% -22.8% 11.5 4/20/2008 -0.2% -3.9% -24.4% 11.9 4/27/2008 -1.0% -4.1% -28.7% 12.2 5/4/2008 1.3% -3.8% -25.1% 11.5 5/11/2008 0.9% -3.6% -24.9% 11.7 5/18/2008 2.1% -3.7% -25.3% 11.9 5/24/08 0.9% -3.7% -26.0% 11.9 5/30/08 0.8% -4.1% -25.6% 11.9 6/5/08 0.7% -4.4% -26.1% 11.7 6/12/08 -0.6% -4.2% -24.9% 11.9 6/19/08 -1.1% -4.5% -23.7% 11.9 6/26/08 -1.1% -4.8% -24.2% 12.7 7/2/08 -1.4% -4.9% -23.5% 12.2 7/9/08 -1.3% -4.9% -22.5% 11.9 7/16/08 -1.2% -5.2% -22% 12.1 Composite indicators are computed on the weighted (by number of listings) median average of all Greater Albuquerque MLS areas (including Rio Rancho, Corrales, Placitas and Bernalillo-Algonones).

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Real Estate and Economic Briefs

Rio Rancho is Top Real Estate Market - 2007
Forbes lists Albuquerque/Rio Rancho in `Top 10' for real estate, Friday, December 22, 2006. Albuquerque's placement on the latest national list comes courtesy of the metro area's resilient real estate market. The Duke City ranked third nationally on a list published Thursday by Fortune magazine listing the "top 10 places to own real estate". The Fortune report, with analysis provided by Moody's economy.com and real estate valuation company Fiserv Lending Solutions, highlights the top markets where real estate values are expected to rise in 2007 and 2008. Albuquerque, with a median home price of $179,620, is expected to see home values increase by 5.9 percent in 2007, according to the report on Fortune's Web site. Albuquerque was ranked first among cities in the western United States.

Helpful Links

Virtual Tours and Home Show Videos are cool if you have a fast Internet connection.

Open House search is good if you know when you're going to be in town.

How Much Can You Afford is a handy calculator program to help you figure out how much you can afford to spend on a home.

The Mortgage Process is a good place to start if you have questions on financing, need a handy mortgage calculator, or need a home loan.

Price Comparison shows you how home prices in your city compare to home prices here in Albuquerque.

Concierge Services are even available for home buyers and sellers.

I've collected the following information to help you when considering or planning a move to Rio Rancho, Corrales and Sandoval County.

City Overview	City Government	City Map	Population	Visit	Major Employers
Chamber of Commerce	Yellow Pages	Public Schools	Private Schools	Higher Education	Economic Development
County Government	County Overview	County Map	Recreation	Entertainment	Shopping

Here are a few of our local news (television and newspaper) organizations.

KOB TV Channel 4 NBC Affiliate	KOAT TV Channel 7 ABC Affiliate	KRKE TV Channel 13 CBS Affiliate
Rio Rancho Observer	Albuquerque Tribune	Albuquerque Journal