Much like other places in this area, it's substantially less expensive compared to the entire country. However compared to the city of Albuquerque, it's a little less expensive.
Home prices
The median home in Rio Communities is valued at $140,000. It is is very similar compared to nearby areas.In comparison to the rest of the country it is approximately $77,500 (35%) lower, and in comparison to the city of Albuquerque it is approximately $58,200 (29%) lower.
Rents
Rio Communities's median rent is $968 per month. It is about $184 (23%) higher in comparison to other places in this area.It is about $94 (8%) lower in comparison to the rest of the country, and is about $95 (10%) higher in comparison to the city of Albuquerque.
Nearby places
Jarales
Jarales is approximately 3 miles southwest of Rio Communities. Its housing prices are a bit more expensive. Jarales's median home cost is $148,000, which works out to $8,000 (5%) higher than Rio Communities. Rents there are significantly less expensive. In Jarales the median rent is $614 per month, which works out to $354 (57%) lower than Rio Communities.
Sausal
Sausal is about 3 miles northwest from Rio Communities. Its real estate prices are somewhat more expensive. The median home in Sausal is valued at $172,500, which works out to $32,500 (18%) higher than Rio Communities. The rent there is a little less expensive. Sausal's median monthly rent is $916, which works out to $52 (5%) lower than Rio Communities.
Madrone
Madrone is about 4 miles south from Rio Communities. Real estate prices there are significantly less expensive. The cost of the median home in Madrone is $105,200, which comes out to $34,800 (33%) lower than Rio Communities. Rents there are a little less expensive. In Madrone the median monthly rent is $779, which works out to $189 (24%) lower than Rio Communities.
Belen
Belen is about 6 miles northwest of Rio Communities. Housing prices there are a little less expensive. The median home in Belen costs $106,500, which is $33,500 (31%) lower than Rio Communities. Rent there is significantly less expensive. The median monthly rent in Belen is $731, which is $237 (32%) lower than Rio Communities.
Los Chaves
Los Chaves is about 6 miles north of Rio Communities. Its real estate prices are a bit more expensive. Los Chaves's median home value is $162,500, which comes out to $22,500 (13%) higher than Rio Communities. Its rents are a bit less expensive. Los Chaves's median rent is $881 per month, which comes out to $87 (9%) lower than Rio Communities.
