Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 20,549 people, 6,809 houses or apartments, and a median cost of homes of $265,694, Rio Rico real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Rio Rico, accounting for 88.32% of the town's housing units. Other types of housing that are prevalent in Rio Rico include duplexes, homes converted to apartments or other small apartment buildings ( 4.55%), row houses and other attached homes ( 3.12%), and a few large apartment complexes or high rise apartments ( 2.23%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rio Rico. Owner-occupied housing accounts for 81.76% of Rio Rico's homes, and 83.34% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Rio Rico built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rio Rico built between 2000 and later ( 43.54%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.06%).
In the last 10 years, Rio Rico has experienced some of the highest home appreciation rates of any community in the nation. Rio Rico real estate appreciated 128.59% over the last ten years, which is an average annual home appreciation rate of 8.62%, putting Rio Rico in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rio Rico definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Rio Rico appreciation rates have trailed the rest of the nation. In the last twelve months, Rio Rico's appreciation rate has been 3.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rio Rico were at 2.08%, which equates to an annual appreciation rate of 8.59%.
Relative to Arizona, our data show that Rio Rico's latest annual appreciation rate is lower than 70% of the other cities and towns in Arizona.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Rio Rico differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rio Rico - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Rio Rico real estate investment or home purchase decisions.
$265,694
for Arizona
for nation
6,809
$2,235 / per month