ZIP 87144
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in ZIP 87144 is 1.8% below its high of $2,281 in July 2026, at $2,241 as of September 2026.
Rent in ZIP 87144 changed +2.3% over the year to September 2026. Across the 32 New Mexico ZIP codes Zillow tracks, the typical change was +3.2%.
Rent has fallen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($94,550) is $2,364 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,050); a 3-bedroom is $2,850.
ZIP 87124, 6 miles away, rents for 25% less ($1,688/mo), about $6,600 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 87144. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 87144 (Rio Rancho, NM) is majority owner-occupied, has a median income above the national average, 33.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 87144 in Rio Rancho, NM has changed in 5 years
Five years ago, renters in ZIP 87144 in Rio Rancho, NM paid around $1,804 a month. That figure now sits near $2,241, up 24.2% from the 2022 baseline. Median household income climbed from $77,687 to $94,550 between 2021 and 2024, a 21.7% shift. Census counts show ZIP 87144 in Rio Rancho, NM adding about 4,758 residents over the five-year window, up 10.1% on net. The renter share has eased from 17.7% to 13.8%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in ZIP 87144 in Rio Rancho, NM reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 87144
Last updated: October 17, 2026
ZIP code 87144 covers Rio Rancho, NM. The median rent here is $2,241/mo as of October 2026. A 1-bedroom rents for a median of $1,660/mo. A 2-bedroom rents for a median of $2,050/mo.
At 28% of local median household income ($94,550/yr), ZIP 87144 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.3% over the past year.
Frequently asked questions
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Is rent going up or down in ZIP 87144?
How does ZIP 87144 compare to other ZIPs in New Mexico?
How does ZIP 87144 compare to the rest of Rio Rancho?
At $2,241/mo, rent takes ~28% of ZIP 87144's median household income ($94,550/yr). The standard benchmark is 30%.
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