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Rio Rancho is the third largest and one of the fastest growing cities in the state of New Mexico. Much of the population growth can be attributed to overflow from nearby Albuquerque, a metropolitan area many developers consider limited in its ability to grow outward to either its east, west or south. Because of this, Rio Rancho - located to Albuquerque’s north - has seen impressive growth over the last few decades, not only in single family residences (SFRs) but also in business and industry. Within Rio Rancho city limits is the Cottonwood Mall, Presbyterian Rust Medical Center, campuses for both the University of New Mexico as well as the College of New Mexico, the Santa Ana Star Arena, Casino and Golf Course, a large multi-use indoor soccer arena as well numerous other middle schools, high schools, stores, parks and churches. Furthermore, major highways such as the 528 and the 550 border the city to its east and provide easy access to both Interstates 25 and 40 and efficient commutes to nearby Albuquerque.
Despite all this development and economic prosperity, however, there are still many areas of Rio Rancho left undeveloped. Because of this, this area is perfect for anyone looking to build a home or start their family on land still affordable to the average buyer. The parcels of land that we’re offering are discounted well below like-type lots in this subdivision and are equally well suited to investors looking to buy and hold or even buy and flip. Many of these lots are located in the path of development, which is to say that while there may not be much around them now, it will likely only be a matter of years before that changes and prices appreciate substantially. Some of these lots are already located in more developed areas and are currently enviable locations to relocate.
Most of these lots are half acres or one acre lots. A small handful are one and a half, two, and two + acres. Because of the way Rio Rancho was originally platted out and subdivided, the vast majority of this area are one acre lots, and nothing larger (such as five or ten acre parcels) exist.
To anyone interested in our selection of properties, you can click around our site from listing page to listing page, or you can use the spreadsheet linked below which contains a master list of all of our Rio Rancho inventory to research and scout any of our lots. All legal information and GPS coordinates have been provided to help with your research. The master spreadsheet below also includes the prices on each lot and any financing options offered on the specific property. Additionally we’ve included a Unit Map of the Rio Rancho subdivision as well as all relevant county contact information to help with any zoning and permitting research you need to do prior to purchase. All properties have been photographed and those photographs can be found on the individual listing pages. This spreadsheet will be kept current to reflect which properties have been listed, which properties have been photographed but not listed and which have properties have been sold. As of the listing date of these properties (1/25/19) a few remain to be photographed. Over the next two weeks they should all be shot and added to the website. The spreadsheet will be updated in accordance and those properties will be added to our primary listing page.
Anyone interested in purchasing one of these lots can click the ‘Buy Now’ button on that property’s listing page and pay with a credit or debit card. Easy financing options are offered on all of the half acre lots though there are currently no financing options offered on the one and two acre lots. Anyone interested in closing through a title company will need to place a nominal deposit up front (non-refundable earnest money) though it’s best you contact our offices first so we can help facilitate that transaction.
Should you have any questions about any of these types of transactions or the buying process we encourage you to visit our How Buying Works page, or feel free to contact our offices at 702.919.7170.
Disclaimer: While The Hemingway Land Company does extensive research on all our properties prior to listing them, there are always County-specific rules/regulations we will not be aware of. The information provided on this page is, to the best of our knowledge, correct. All prospective buyers, however, are encouraged to contact the county at the links and numbers provided in this table to confirm that whatever plans that buyer has for the property in question are in fact legal, feasible and permitted. Due diligence is the buyer’s responsibility and all sales are final.