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Single Family ResidenceResidential
$268,803$280 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 97How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $247,925 on Jul 31, 2023

488 CHIPPEWA DR SW

RIO RANCHO, NM 87124
2
Beds
1
Baths
960 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.29 ac
Lot SizeThe size of the land the home sits on, from county records.
1986
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$269K
$260K low$278K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$247,925 · Jul 31, 2023

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,896 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$80,363 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$17,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$63,363
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$80,229
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$241,090

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountySANDOVAL
Lot (acres)The size of the land the home sits on, from county records.0.29
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(4)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Puesta del Sol Elementary SchoolC+
Elementary · Grades KG–5 · 1.1 mi
M
Eagle Ridge Middle SchoolB+
Middle · Grades 6–8 · 4.1 mi
H
Rio Rancho High SchoolA-
High · Grades 9–12 · 4.6 mi

District: Rio Rancho Public Schools

Neighborhood · ZIP 87124These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.79
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.83
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.126

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.22%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.6.3%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.64,562
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,340 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$75,628
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$92,061
Average tempThe average temperature here across a full year.53°F
Annual precipHow much rain and melted snow falls here in a typical year.11 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.76%

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

488 Chippewa Dr Sw measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 89% of homes in Sandoval County
  • Costs more per square foot than 96% of homes in Rio Rancho 87124
  • Smaller than 96% of homes in Rio Rancho 87124
  • Has a bigger lot than 69% of homes in Rio Rancho 87124
  • Older than 71% of homes in Sandoval County

What homes are worth in Rio Rancho 87124

Each bar is how many homes fall in that price range. The marker is this home.

This home
$202K$710K

This home is worth more than 12% of homes in Rio Rancho 87124.

How it measures up in Rio Rancho 87124

The dot is this home. The mark in the middle is the typical home in Rio Rancho 87124.

Estimated value$268,803
CheaperTypical $349,694Pricier

Pricier than 12% of homes nearby

Price per ft²$280
CheaperTypical $209Pricier

Pricier than 96% of homes nearby

Living area960 ft²
SmallerTypical 1,687 ft²Bigger

Bigger than 4% of homes nearby

Lot size0.29 ac
SmallerTypical 0.23 acBigger

Bigger than 69% of homes nearby

Year built1986
OlderTypical 1989Newer

Newer than 46% of homes nearby

How 488 Chippewa Dr Sw ranks against every home in each area.
MeasureThis homeRio Rancho 87124Sandoval County
Estimated valuepricier than$268,80312% of homes11% of homes
Price per ft²pricier than$28096% of homes89% of homes
Living areabigger than960 ft²4% of homes6% of homes
Lot sizebigger than0.29 ac69% of homes62% of homes
Year builtnewer than198646% of homes29% of homes

About 488 Chippewa Dr Sw

How much is 488 Chippewa Dr Sw, Rio Rancho, NM worth?

The TopHap Estimate for 488 Chippewa Dr Sw, Rio Rancho, NM is $268,803 as of Jul 14, 2026. The likely range is $259,538 to $278,068. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 488 Chippewa Dr Sw, Rio Rancho, NM last sell?

488 Chippewa Dr Sw, Rio Rancho, NM last sold on Jul 31, 2023 for $247,925, according to the county's recorded deed.

How big is 488 Chippewa Dr Sw, Rio Rancho, NM?

488 Chippewa Dr Sw, Rio Rancho, NM has 2 bedrooms, 1 bathrooms, 960 square feet of living space and a 0.29-acre lot.

When was 488 Chippewa Dr Sw, Rio Rancho, NM built?

488 Chippewa Dr Sw, Rio Rancho, NM was built in 1986, making it 40 years old. The building has 1 story.

What schools serve 488 Chippewa Dr Sw, Rio Rancho, NM?

488 Chippewa Dr Sw, Rio Rancho, NM is assigned to Puesta del Sol Elementary School (elementary), rated C+; Eagle Ridge Middle School (middle), rated B+; Rio Rancho High School (high), rated A-. All sit in Rio Rancho Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 488 Chippewa Dr Sw, Rio Rancho, NM compare to other homes in Rio Rancho 87124?

Among the 21,337 homes in Rio Rancho 87124, it is worth more than 12% of them ($268,803 against a typical $349,694), its price per square foot is higher than 96% of them ($280 against a typical $209), it is bigger than 4% of them (960 ft² against a typical 1,687 ft²), its lot is bigger than 69% of them (0.29 ac against a typical 0.23 ac) and it is newer than 46% of them (1986 against a typical 1989). Measured against all of Sandoval County, it is worth more than 11% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 488 Chippewa Dr Sw, Rio Rancho, NM?

The 2025 property tax bill for 488 Chippewa Dr Sw, Rio Rancho, NM was $2,896. The county assessed it at $80,363.

Closest homes

More homes in Rio Rancho 87124

Assigned schools

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