Rio Rancho Homes For Sale, Rio Rancho Real Estate For Sale
Before AMREP advertised Rio Rancho real estate for sale to people across the United States, this city was just a quiet little town across the river from Albuquerque. However, after AMREP began offering Rio rancho homes for sale at incredibly low and affordable prices in the 1960s, a great number of New Yorkers were attracted to the low prices and breathtaking vistas that they had never experienced on the East Coast. This influx of people soon caused a population boom in the 70s, and the town saw itself becoming ten times its original size by 1980. In that same year, one company found the Rio Rancho real estate for sale prices enticing enough to purchase enough land to build a 50 million dollar manufacturing plant. This company was Intel, and its introduction to Rio Rancho transformed this quiet city to into one of the largest and fastest growing cities of New Mexico, earning it the moniker of the City of Vision.
With the rapid development of the city during the 70s and the continued increase in commercial importance, the number of Rio Rancho homes for sale skyrocketed as well. This increase in the number of residences acted as a positive feedback to the ever-expanding industries in the city. In 2002, Intel opened the Intel Fab 11X, the world’s largest and most sophisticated semiconductor production plant, in the heart of Rio Rancho. A number of other large name companies have also entered the area since, including Hewlett Packard and Sprint. The rise in opportunities meant a similar rise in the price of many Rio Rancho homes for sale. But compared to the economic juggernaut of Albuquerque, the price of Rio Rancho real estate for sale remains affordable, sustaining the city’s rapid expansion.
Though Rio Rancho had traditionally been overshadowed by Albuquerque, there has been significant growth. In the fall of 2011, a new Presbyterian Hospital was inaugurated in the southern part of Rio Rancho. With the University of New Mexico also building a brand new teaching hospital downtown, the number of Rio Rancho homes for sale will be expected to rise quickly over the years.
With its intense focus on economic growth and reputation as a business friendly city, now is the perfect time to look for Rio Rancho real estate for sale before the influx of newer businesses causes the price of properties to increase. Nestled by the gentle waters of the Rio Grande and in view of the Sandia Mountains, Rio Rancho is able to offer a picturesque living experience. Its close proximity to Albuquerque also means that those who are looking for the perfect Rio Rancho homes for sale are also able to enjoy all the trappings of a large modern city without the expenses associated with actually living in a city. Call us today at (505) 401-7500 for more information about buying your next home.
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Rio Rancho Homes For Sale Rio Rancho Real Estate For Sale | First Time Home Buyers
Are you a first time home buyer? First time home buyers are defined as anyone that has not owned a home in the past three years. Learn about our $500 moves you in for Rio Rancho First Time Home Buyers program.
Rio Rancho Homes For Sale Rio Rancho Real Estate For Sale | HERO Program
Are you a Teacher, Safety Worker (Law Enforcement, Fire Fighter, Emergency Response), Health Care Worker, or active Member in the Armed Services? The HERO financing program may be right for you. Learn about the HERO Program to see if you qualify for our $1,000 move in special financing.
Rio Rancho Homes For Sale Rio Rancho Real Estate For Sale | Foreclosures
Are you looking to buy Rio Rancho homes for sale or Rio Rancho real estate for sale at prices below market value? You may want to search Rio Rancho Foreclosures to learn more.
Rio Rancho Homes For Sale Rio Rancho Real Estate For Sale | New Homes
Are you interested in buying new Rio Rancho homes for sale built by some of Rio Rancho’s finest builders. You may want to learn more about our rebate program on New Homes in Rio Rancho.