Rio Arriba County, New Mexico Housing Market Prices
Rio Arriba County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 9% below the New Mexico median$186,120
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Median rent 31% below the New Mexico median Cheaper than 72% of counties in New Mexico$739
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Rio Arriba County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,120 | $204,122 | $248,835 |
| Price Trend (Annual %) | 11.2% | 3.1% | 7.5% |
| Median Gross Rent | $739 | $1,067 | $1,407 |
| Rent Trend (Annual %) | 2.8% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rio Arriba County is about 9% lower than in New Mexico. Rent is about 31% lower than the New Mexico average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Rio Arriba County, up about 11.2% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Rio Arriba County rose about 16.7% between 2015 and 2024, from $633 to $739. Over the same span, rent in New Mexico rose about 37.3%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Rio Arriba County.
Buying the median-priced home in Rio Arriba County costs roughly 21.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Rio Arriba County. The price-to-rent ratio in New Mexico is about 15.9.
| Metric | Rio Arriba County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,120 | $204,122 | $248,835 |
| Median Household Income | $56,646 | $64,523 | $80,455 |
| Price-to-Income Ratio | 3.3 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rio Arriba County rose about 80.6%, while median household income rose about 23.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Rio Arriba County | New Mexico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.0% | 61.3% | 58.5% |
| Rental Rate | 15.8% | 26.2% | 31.2% |
| Vacancy Rate | 21.2% | 12.5% | 10.2% |
| Median Tenure (years) | 23.0 | 16.0 | 15.0 |
| Median Year Moved In | 2003 | 2010 | 2011 |
Rio Arriba County has a homeownership rate of 63.0%, higher than the New Mexico average of 61.3%. Its housing vacancy rate is 21.2%, compared with 12.5% in New Mexico.
Housing Stock
| Metric | Rio Arriba County | New Mexico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1983 | 1983 | 1978 |
| Median Number of Rooms | 5.1 | 5.3 | 5.5 |
The typical housing unit in Rio Arriba County was built around 1983. On average, 2.5 people live in a home with about 5.1 rooms, staying for about 23.0 years on average.
Rio Arriba County, NM Housing Compared With Nearby Counties
Rio Arriba County, NM is the 2nd largest of the 4 counties compared here, 40,067 residents against a local median of 34,542. The measure that sets Rio Arriba County, NM apart most is median rent: $739, 46% below the local median of $1,374.
Median home price tells the same story from another angle: $186,120 against a local median of $302,768, 39% below it. The counties themselves spread $392 on median rent, so Rio Arriba County, NM sits at one end of an already wide local range rather than apart from it. Rio Arriba County, NM has the 4th highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Rio Arriba County, NM | 40,067 | $186,120 #4/4 | $739 #4/4 | 80.0% #2/4 |
| Los Alamos County, NM | 19,409 | $245,215 | $1,374 | 74.8% |
| Sandoval County, NM | 153,584 | $302,768 | $1,426 | 83.5% |
| Taos County, NM | 34,542 | $333,329 | $1,034 | 77.6% |
Frequently Asked Questions
Common questions about the housing market in Rio Arriba County, New Mexico.
What is the median home price in Rio Arriba County, New Mexico?
The median home price in Rio Arriba County, New Mexico is $186,120, lower than the New Mexico average of $204,122.
What is the average home price in Rio Arriba County, New Mexico?
The typical home price in Rio Arriba County, New Mexico, reported as the median sale price, is $186,120. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Rio Arriba County, New Mexico?
The median gross rent in Rio Arriba County, New Mexico is $739 per month, lower than the New Mexico average of $1,067.
What was the median gross rent in Rio Arriba County in 2020?
In 2020, the median gross rent in Rio Arriba County, New Mexico was $628 per month.
What is the price-to-rent ratio in Rio Arriba County, New Mexico?
The price-to-rent ratio in Rio Arriba County, New Mexico is about 21.0, meaning it would take roughly 21.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Rio Arriba County.
Are home prices or rent rising faster in Rio Arriba County, New Mexico?
Both home prices and rent are rising in Rio Arriba County, up about 11.2% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rio Arriba County, New Mexico?
63.0% of households in Rio Arriba County, New Mexico own their home, higher than the New Mexico average of 61.3%.
What is the vacancy rate in Rio Arriba County, New Mexico?
The housing vacancy rate in Rio Arriba County, New Mexico is 21.2%, higher than the New Mexico average of 12.5%.
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