From http://www.WelcomeHomeABQ.com
Rio Rancho and Rio Rancho Estates consist of 91,000+ acres of New Mexico Real Estate northwest of Albuquerque. Rio Rancho Land was platted into approximately 112,000 home sites and commercial lots between 1961 and 1977. During the 60's and 70's AMREP sold more than 75,000 lots in "Rio Rancho Estates" to thousands of individuals throughout the country.
Rio Rancho has come a long way from the early days. Dubbed the "City of Vision", Rio Rancho now has a population of over 70,000... and growing fast. The City of Rio Rancho planners made a decision a few years ago to build a new "Downtown" and chose a parcel of Real Estate in the middle of Rio Rancho. The new Rio Rancho "City Center" will be a modern and dynamic downtown and already has a state of the art Arena (Santa Ana Star Center), the new Rio Rancho City Hall, and will soon have the CNM (Community College) and UNM Campus.
The Rio Rancho Real Estate market is dynamic and complex. Land in Rio Rancho can range in price from $4,000 to $150,000 for a ½ acre lot depending location and unilities available. Rio Rancho is a young and growing community that is moving toward being the most visionary city in New Mexico, and with Rio Rancho Land being plentiful; We expect the growth to continue for many years.
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