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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 $64,787, lower than the Texas average of $322,096.
The average cost of rent is $552/mo in Rio Rico, primarily driven by the current value of real estate in the Rio Rico area. In Rio Rico, 28.91% of households rent, and 62.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rio Rico is $1,985 per month. Households that rent pay about 27.79% of their income on rent here. Rio Rico’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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