Omaha Mortgage Calculator for Rio Rancho, New Mexico (87174)

Free omaha mortgage calculator for residents of Rio Rancho, New Mexico. Calculate your monthly mortgage payment in Omaha, NE. Includes Nebraska property tax and insurance rates so you know your true housing cost.

MEDIAN HOUSEHOLD INCOME
$57,879
per year in Rio Rancho
MEDIAN HOME VALUE
$248,463
in Rio Rancho, NM
HOUSING AFFORDABILITY: MODERATELY AFFORDABLE

Home prices require a significant portion of household income in this area.

Local Context for Rio Rancho, New Mexico

In Rio Rancho, New Mexico (Bernalillo County, ZIP area), the median household income is $57,879 per year and the median home value is $248,463. Use this free calculator for accurate, instant results tailored to your needs. No sign-up or account required.

About Rio Rancho, New Mexico (ZIP 87174)

City Rio Rancho, New Mexico
County Bernalillo County
ZIP Code 87174
State New Mexico
Time Zone Denver
Median Household Income $57,879/year
Median Home Value $248,463

Housing & Cost of Living — Rio Rancho, New Mexico

Affordability Tier Moderately Expensive
Price-to-Income Ratio 4.3x
Est. Monthly Mortgage (20% down, 6.65%) $1,276/mo
Mortgage as % of Monthly Income 26.5%
Income vs. National Median near the national median
Income Tier Lower-Middle Income
Home Value vs. National Median near the national median
Housing Market Tier Affordable Market
Cost of Living Index 84 (Below Average)

With a price-to-income ratio of 4.3x — above the national average of 4.1x — buyers in this area need to stretch further relative to their income.

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