Home prices
The median home in Rico is valued at $304,800. This is about $141,620 (31%) lower in comparison to other places in this area.It is approximately $87,300 (40%) higher in comparison to the country as a whole, and compared to the city of Farmington is approximately $118,000 (63%) higher.
Rents
In Rico the median monthly rent is $860. In comparison to its nearby areas it is roughly $155 (15%) lower.It is roughly $202 (19%) lower in comparison to the United States as a whole, and is is very similar in comparison to the city of Farmington.
Nearby places
Ophir
Ophir is approximately 15 miles northeast from Rico. Its housing prices are a lot more expensive. The median home value in Ophir is $625,000, which is $320,200 (51%) higher than Rico. Rents there are somewhat more expensive. The median rent in Ophir is $980 a month, which comes out to $120 (12%) higher than Rico.
Mountain Village
Mountain Village is roughly 18 miles northeast from Rico. The real estate prices there are significantly more expensive. The price of the median home in Mountain Village is $739,900, which comes out to $435,100 (58%) higher than Rico. The rent there is somewhat less expensive. Mountain Village's median rent is $783 a month, which comes out to $77 (9%) lower than Rico.
Silverton
Silverton is approximately 19 miles northeast from Rico. Housing prices there are similar. Silverton's median home value is $296,200, which works out to $8,600 (2%) lower than Rico. Its rents are somewhat more expensive. The median rent in Silverton is $1,026 per month, which works out to $166 (16%) higher than Rico.
Telluride
Telluride is roughly 19 miles northeast from Rico. Its real estate prices are somewhat more expensive. The median home in Telluride is valued at $410,800, which works out to $106,000 (25%) higher than Rico. Rents there are substantially more expensive. In Telluride the median monthly rent is $1,412, which comes out to $552 (39%) higher than Rico.
Dolores
Dolores is roughly 26 miles southwest of Rico. Real estate prices there are a lot less expensive. The value of the median home in Dolores is $160,200, which works out to $144,600 (90%) lower than Rico. The rent there is similar. Dolores's median rent is $874 a month, which works out to $14 (1%) higher than Rico.
