87124 — Rio Rancho, NM Home Values
Typical home value $354,514 as of June 2026 · 21st of 38 in Albuquerque, NM
Blue: typical home value (Zillow ZHVI) in ZIP code 87124, June 2021 to June 2026. This page shows observed data only; no forecast.
How 87124 compares in the Albuquerque, NM area
ZIP code 87124 (Rio Rancho, NM) has a typical home value of $354,514 as of June 2026, ranking 21st of 38 ZIP codes tracked in the Albuquerque, NM area, more expensive than about 47% of ZIP codes in the metro. Prices here have moved +0.1% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +32.0%, from $268,627 in June 2021 to $354,514 in June 2026. Against observed rent, the typical home here sells for 17.5× the annual rent ($1,684/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Albuquerque, NM forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Albuquerque.
Population and demographics
ZIP code 87124 has a population of 58,402, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 46.3% White, 42.3% Hispanic or Latino, 3.1% Black or African American, 3.1% American Indian or Alaska Native, 2.6% two or more races, 2.3% Asian, 0.2% another race, and 0.1% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| PUESTA DEL SOL ELEMENTARY | 450 SOUTHERN BLVD SE, RIO RANCHO, NM | 4.3 mi |
| COLINAS DEL NORTE ELEMENTARY | 1001 NIGHT SKY AVE NE, RIO RANCHO, NM | 5 mi |
| SPARRK ONLINE ACADEMY | 2100 10TH STREET SE, RIO RANCHO, NM | 5.5 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 87124?
$354,514 as of June 2026, the latest month Zillow has published observed data for.
Is 87124 an expensive ZIP code in the Albuquerque, NM area?
87124 ranks 21st of 38 ZIP codes in the Albuquerque, NM area by typical home value, more expensive than about 47% of ZIP codes in the metro.
How much have home values in 87124 changed over the past year?
+0.1% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 87124?
The typical home price is 17.5× the observed annual rent in this ZIP code ($1,684/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 87124?
58,402, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 87124?
PUESTA DEL SOL ELEMENTARY (4.3 mi), COLINAS DEL NORTE ELEMENTARY (5 mi), SPARRK ONLINE ACADEMY (5.5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 87124?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Albuquerque, NM forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.