The monetary worth of a specific housing unit within a precisely defined location in Rio Rancho, New Mexico, determined by factors such as market conditions, comparable sales, and property characteristics, is a crucial data point for various stakeholders. This granular level of detail, down to the specific block, lot, and unit number, allows for accurate assessment and analysis. For example, understanding the assessed value helps homeowners understand their tax obligations and potential resale prospects.
Accurate and up-to-date assessment of a dwelling’s worth in a particular locale offers significant benefits. This information empowers potential buyers and sellers to make informed decisions, provides lenders with critical data for mortgage underwriting, and allows municipalities to establish fair property tax rates. Historical trends in this localized data can also reveal insights into neighborhood development and overall market fluctuations, aiding in long-term investment strategies.
