There are currently 6,037 real estate properties in Rio Rico, AZ, with a median automated valuation model (AVM) price of $221,232.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rio Rico, AZ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Rio Rico, AZ, is $258,280.00, with the most expensive house in Rio Rico, AZ, topping out at $3,456,033.00 and the cheapest home in Rio Rico, AZ, clocking in at $21,727.00. In other words, there’s something for every potential homebuyer or savvy investor in Rio Rico, AZ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rio Rico, AZ, is on a rollercoaster ride. The average rent price in Rio Rico, AZ, is $1,113.00. Indeed, when looking to rent in Rio Rico, AZ, you can expect to pay as little as $700.00 or as much as $2,990.00, with the average rent median estimated to be $1,070.00. The good news is that finding an affordable and desirable property to rent in Rio Rico, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Rio Rico is located in Santa Cruz, Arizona, with an estimated municipal population of 19,581 residents. All of the best foreclosed homes for sale in Rio Rico are located in the following zip code areas on Foreclosure.com: 85640 85648. The estimated population per square kilometer (.62 miles) in Rio Rico is 121.
So, about how much do homes cost in Rio Rico? The most recent median value of resident-owned homes in Rio Rico is 143,850. An estimated 78.3 percent of households in Rio Rico own their homes, with an average family size of 3.43. The median household income in Rio Rico is 51,475, with19.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Rio Rico, the median commute time of resident workers (in minutes) is 25.7. And last, but certainly not least, are you looking for homes to rent in Rio Rico? If so, the average rent price paid by renters in Rio Rico is 904, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Rio Rico, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Rio Rico is 33.3, split between 46.6 percent male versus 53.4 female. The percentage of residents who report being married in Rio Rico is 53.4, with an average family size of 3.43.
The percentage of residents who report their race in Rio Rico is as follows:
| White | 84.3% |
| Black / African American | 0% |
| Asian | 0.4% |
| American Indian / Alaskan Native | 0.7% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.6% |
| Other | 14% |
Looking for family-friendly neighborhoods in and/or near Rio Rico? Or maybe you are searching for 55+ active adult communities in and/or near Rio Rico?
The percentage of residents who report their age in Rio Rico is as follows:
| Under 10 | 18.1% |
| Aged 10-19 | 14.2% |
| 20s | 14.8% |
| 30s | 12.5% |
| 40s | 10.8% |
| 50s | 12.3% |
| 60s | 10.3% |
| 70s | 4.3% |
| 80+ | 2.6% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Rio Rico with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Rio Rico.
How do you know that living in -- or moving to -- Rio Rico is right where you need to be? Perhaps you grew up in Rio Rico or already live nearby; therefore, the decision to buy a home in Rio Rico is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Rio Rico for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Rio Rico:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Rio Rico.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Rio Rico can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Rio Rico, meanwhile, can field multiple offers from more qualified buyers.
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