Much like the surrounding areas, it's a little more expensive compared to the entire nation. Compared to the city of Fort Lauderdale however, it's a bit less expensive.
Home prices
The price of the median home in Rio is $235,200. This is roughly $8,680 (3%) lower in comparison to its surrounding areas.It is about $17,700 (8%) higher in comparison to the US as a whole, and compared to the city of Fort Lauderdale it is about $98,800 (29%) lower.
Rents
Rio's median rent is $1,102 per month. In comparison to other places in this area it is roughly $102 (8%) lower.Compared to the United States as a whole it is about $40 (3%) higher, and it is approximately $191 (14%) lower compared to the city of Fort Lauderdale.
Nearby places
Stuart
Stuart is Rio's neighbor to the south. The housing prices there are somewhat less expensive. The median home value in Stuart is $185,700, which comes out to $49,500 (26%) lower than Rio. Rents there are pretty similar. The median monthly rent in Stuart is $1,127, which comes out to $25 (2%) higher than Rio.
Jensen Beach
Jensen Beach is Rio's neighbor to the north. Its housing prices are fairly similar. The median home in Jensen Beach costs $232,600, which comes out to $2,600 (1%) lower than Rio. The rent there is a bit less expensive. The median monthly rent in Jensen Beach is $972, which comes out to $130 (13%) lower than Rio.
North River Shores
North River Shores is about 1 mile west of Rio. The real estate prices there are pretty similar. The median home in North River Shores costs $229,800, which works out to $5,400 (2%) lower than Rio. Rent there is a bit more expensive. North River Shores's median monthly rent is $1,223, which comes out to $121 (9%) higher than Rio.
Palm City
Palm City is approximately 4 miles southwest from Rio. Its real estate prices are a lot more expensive. The median home price in Palm City is $350,900, which comes out to $115,700 (32%) higher than Rio. Rent there is a little more expensive. Palm City's median rent is $1,614 a month, which works out to $512 (31%) higher than Rio.
Port Salerno
Port Salerno is approximately 6 miles southeast of Rio. The housing prices there are somewhat less expensive. The median home in Port Salerno costs $220,400, which is $14,800 (6%) lower than Rio. Rent there is pretty similar. Port Salerno's median rent is $1,083 a month, which works out to $19 (1%) lower than Rio.
