Rent-to-Own Homes in Rio Rancho, NM: What You Need to Know
Rio Rancho, New Mexico, as a community, began when Princeton, NJ developer AMREP Corporation purchased 55,000 acres of an unincorporated area outside of Albuquerque in the early 1960s. National in marketing reach, AMREP sold plots to near-retirees in the east and Midwest U.S., all the while buying additional acres for its Rancho Estates. After two decades, the population reached 10,000, and Rio Rancho was incorporated. At this point, the city shifted its recruiting focus from senior citizens to young families by offering attractive financing packages to new owners. Today, Rio Rancho is home to nearly 100,000 residents.
Rio Rancho, NM Weather and Climate
Located near the geographical center of New Mexico, Rio Rancho has a high elevation and tends to be dry and sunny. The average rainfall is about 12 inches annually, and snowfall comes in at 10 inches per year. The temperature spectrum is a wide one: July highs normally fall near 94ºF, while new year cold dips to 22ºF on average. Spring and autumn are the most comfortable with highs in the 70s and lows in the 40s. Rio Rancho enjoys an ample number of sunny days every year, 273 when averaged. In fact, it shares these conditions with most of New Mexico.
What is the Cost of Living in Rio Rancho, NM?
Rio Rancho homes are moderately priced – the median is $273,089. Leased dwellings are rented at $855 adjusted for size and luxury. Utility bills average about $150 each month. Meanwhile, groceries, given ups and downs of inflation, tend to be less than in other parts of the United States.
Schools and Education in Rio Rancho, NM
In addition to a Head-Start conforming preschool, Rio Rancho operates 10 public elementary schools, serving nearly 7,500 pupils. Its four middle schools instruct over a thousand students each, while four high schools serve the needs of teens. One secondary school is a "Cyber Academy" that employed blended learning well before COVID-19 came along. The school system also offers classes and extra-curricular activities to home-schooled children to provide social interaction and an alternative perspective. Furthermore, the Rio Rancho schools maintain a vigorous schedule of summer school classes, camps and athletic training. Residents avail themselves of private education at evangelical, Roman Catholic, and Montessori academies in town.
What are the Best Job Opportunities in Rio Rancho, NM?
887 people make their living at U.S. Cotton in Rio Rancho, where many cotton products related to health care are produced. Another 510 are employed by the University of New Mexico Sandoval Regional Medical Center. In an aligned field, Rancho Physical Therapy has another 200 on staff. A leader in kitchen remodeling materials, Form-Cove Manufacturing Co. supports 175 employees. Just 12 and a half miles from Albuquerque, Rio Rancho denizens also have a substantial metro area in which to secure employment.