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These days, finding an affordable place to live in the Rio Rico area can be challenging. Home prices in Rio Rico are now at a median cost of $228,565, lower than the Arizona average of $421,436.
The average cost of rent is $1,077/mo in Rio Rico, primarily driven by the current value of real estate in the Rio Rico area. In Rio Rico, 15.94% of households rent, and 27.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rio Rico is $5,463 per month. Households that rent pay about 19.72% of their income on rent here. Rio Rico’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Fort Huachuca, AZ: equally priced homes
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- Nicksville, AZ: higher priced homes
Cities with Similar Populations
- Canyon Lake, TX: higher priced homes
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- Center Point, AL: less expensive homes
- Cedartown, GA: less expensive homes
- Watervliet, NY: equally priced homes
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