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Rio Rancho Foreclosure Listings

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Buy a Foreclosure Now: Rio Rancho, NM Is the Fastest Growing City in New Mexico

Rio Rancho, NM is the fourth largest city in New Mexico. It also boasts being the fastest growing city in the state as well. This is primarily due to the information technology industry, primarily Intel, which is in the region and providing many jobs in the surrounding area. There is also employment available within the government sector as well as the service and retail industries. Even though it is the fastest growing city, the number of home sales dropped 50% in the first and second quarters of 2010. Foreclosure listings make up for about 2% of all existing homes within the city, approximately 440 homes.