Home values, rents and more in ZIP code 87124 (Rio Rancho, NM)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 87124 in ProMap- Under $330k
- $330k–$360k
- $360k–$380k
- $380k–$460k
- $460k+
- No data
How 87124 compares
The typical home in ZIP code 87124 (Rio Rancho, NM) is worth about $349,000, according to the Zillow Home Value Index for September 2026. Home values in 87124 are about the same as the typical value in the Albuquerque metro area ($349,000) and 5% below the U.S. typical value ($366,000).
Over the past year, home values in 87124 rose 0.5%, compared with +1.5% in the Albuquerque metro area and +1.2% nationally.
Typical rent is $1,688 a month (Zillow Observed Rent Index), 13% above the Albuquerque metro area ($1,490) and 13% below the U.S. ($1,932). Rents rose 2.7% over the past year.
The median household income is $86,555, against $70,783 in the Albuquerque metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 58,499 people live in 87124 (American Community Survey 2020–24).
87124 has the 19th-lowest typical home value of the 39 ZIP codes in the Albuquerque metro area and the 48th-highest of 152 in New Mexico with Zillow figures.
Part of: Rio Rancho, NM · Sandoval County, NM · Albuquerque metro area · New Mexico
More for 87124 in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Zillow 12-month price forecast
- Crime rates
- School test scores
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby ZIP codes
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.