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Single Family ResidenceResidential
$254,752$205 / 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 96How 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

505 PALMAS ALTAS DR SE

RIO RANCHO, NM 87124
3
Beds
2
Baths
1,242 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.
1978
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$255K
$244K low$265K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,285 (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.$63,393 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$10,304
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$53,089
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$63,393
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$190,179

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.33
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
48
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
73
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
4
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
40
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

Scores 0–100; higher = greater projected risk.

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
HeatingThe type of heating system in the home.None

Transaction History(1)

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
Rio Rancho Elementary SchoolC+
Elementary · Grades KG–5 · 0.4 mi
H
Rio Rancho High SchoolA-
High · Grades 9–12 · 2.0 mi
M
Rio Rancho Middle SchoolB+
Middle · Grades 6–8 · 2.6 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%

Owner Tools

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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

505 Palmas Altas Dr Se 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 93% of homes in Rio Rancho 87124
  • Smaller than 85% of homes in Rio Rancho 87124
  • Has a bigger lot than 68% of homes in Rio Rancho 87124
  • Older than 88% 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
$211K$723K

This home is worth more than 7% 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$254,752
CheaperTypical $349,936Pricier

Pricier than 7% of homes nearby

Price per ft²$205
CheaperTypical $209Pricier

Pricier than 46% of homes nearby

Living area1,242 ft²
SmallerTypical 1,693 ft²Bigger

Bigger than 15% of homes nearby

Lot size0.29 ac
SmallerTypical 0.23 acBigger

Bigger than 68% of homes nearby

Year built1978
OlderTypical 1989Newer

Newer than 15% of homes nearby

How 505 Palmas Altas Dr Se ranks against every home in each area.
MeasureThis homeRio Rancho 87124Sandoval County
Estimated valuepricier than$254,7527% of homes8% of homes
Price per ft²pricier than$20546% of homes39% of homes
Living areabigger than1,242 ft²15% of homes16% of homes
Lot sizebigger than0.29 ac68% of homes61% of homes
Year builtnewer than197815% of homes12% of homes

About 505 Palmas Altas Dr Se

How much is 505 Palmas Altas Dr Se, Rio Rancho, NM worth?

The TopHap Estimate for 505 Palmas Altas Dr Se, Rio Rancho, NM is $254,752 as of Jul 14, 2026. The likely range is $244,088 to $265,416. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 505 Palmas Altas Dr Se, Rio Rancho, NM last sell?

505 Palmas Altas Dr Se, Rio Rancho, NM last sold on Aug 31, 2020, according to the county's recorded deed.

How big is 505 Palmas Altas Dr Se, Rio Rancho, NM?

505 Palmas Altas Dr Se, Rio Rancho, NM has 3 bedrooms, 2 bathrooms, 1,242 square feet of living space and a 0.29-acre lot.

When was 505 Palmas Altas Dr Se, Rio Rancho, NM built?

505 Palmas Altas Dr Se, Rio Rancho, NM was built in 1978, making it 48 years old. The building has 1 story.

What schools serve 505 Palmas Altas Dr Se, Rio Rancho, NM?

505 Palmas Altas Dr Se, Rio Rancho, NM is assigned to Rio Rancho Elementary School (elementary), rated C+; Rio Rancho High School (high), rated A-; Rio Rancho Middle School (middle), rated B+. All sit in Rio Rancho Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 505 Palmas Altas Dr Se, Rio Rancho, NM compare to other homes in Rio Rancho 87124?

Among the 21,333 homes in Rio Rancho 87124, it is worth more than 7% of them ($254,752 against a typical $349,936), its price per square foot is higher than 46% of them ($205 against a typical $209), it is bigger than 15% of them (1,242 ft² against a typical 1,693 ft²), its lot is bigger than 68% of them (0.29 ac against a typical 0.23 ac) and it is newer than 15% of them (1978 against a typical 1989). Measured against all of Sandoval County, it is worth more than 8% 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 505 Palmas Altas Dr Se, Rio Rancho, NM?

The 2025 property tax bill for 505 Palmas Altas Dr Se, Rio Rancho, NM was $2,285. The county assessed it at $63,393.

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