87124, Rio Rancho, NM

Rio Rancho, NM is located in the 87124 zip code. The median home value in this zip code is $269,000. The median home equity in this zip code is $128,000. This means that the majority of homes in this zip code have more equity than their mortgages.

The average credit score for homes in the 87124 zip code is 740. This indicates that most homeowners in this zip code have excellent credit scores and are able to borrow money at a low interest rate. This is likely because many of these homeowners have taken out mortgages with good terms that allow for a high level of equity on their homes.

The average unemployment rate for Rio Rancho, NM is 4%. This indicates that there are many jobs available in the area and that people are able to afford to buy homes here. Additionally, the low unemployment rate may be contributing to the high level of home equity in this area.