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Single Family ResidenceResidential
$347,302$234 / 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 Aug 30, 2026

509 TERRACE DR NE

RIO RANCHO, NM 87124
3
Beds
2
Baths
1,484 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.
0.31 ac
Lot SizeThe size of the land the home sits on, from county records.
1988
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$347K
$337K low$357K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,904 (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.$54,826 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$9,069
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$45,757
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$54,826
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$164,478

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.0.31
HeatingThe type of heating system in the home.None

Transaction History(6)

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

Foreclosure Filings(2)

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

H
Rio Rancho High SchoolA-
High · Grades 9–12 · 1.1 mi
M
Rio Rancho Middle SchoolB+
Middle · Grades 6–8 · 1.2 mi
E
Ernest Stapleton Elementary SchoolB
Elementary · Grades KG–5 · 1.4 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%

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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

509 Terrace Dr Ne 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 more than 74% of homes in Vista Hills
  • Costs more per square foot than 75% of homes in Rio Rancho 87124
  • Smaller than 69% of homes in Sandoval County
  • Has a bigger lot than 76% of homes in Vista Hills
  • Newer than 84% of homes in Vista Hills

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
$206K$710K

This home is worth more than 49% 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$347,302
CheaperTypical $349,775Pricier

Pricier than 49% of homes nearby

Price per ft²$234
CheaperTypical $209Pricier

Pricier than 75% of homes nearby

Living area1,484 ft²
SmallerTypical 1,689 ft²Bigger

Bigger than 35% of homes nearby

Lot size0.31 ac
SmallerTypical 0.23 acBigger

Bigger than 73% of homes nearby

Year built1988
OlderTypical 1989Newer

Newer than 50% of homes nearby

How 509 Terrace Dr Ne ranks against every home in each area.
MeasureThis homeVista HillsRio Rancho 87124Sandoval County
Estimated valuepricier than$347,30274% of homes49% of homes41% of homes
Price per ft²pricier than$23449% of homes75% of homes66% of homes
Living areabigger than1,484 ft²66% of homes35% of homes31% of homes
Lot sizebigger than0.31 ac76% of homes73% of homes64% of homes
Year builtnewer than198884% of homes50% of homes33% of homes

About 509 Terrace Dr Ne

How much is 509 Terrace Dr Ne, Rio Rancho, NM worth?

The TopHap Estimate for 509 Terrace Dr Ne, Rio Rancho, NM is $347,302 as of Aug 30, 2026. The likely range is $337,497 to $357,107. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 509 Terrace Dr Ne, Rio Rancho, NM?

509 Terrace Dr Ne, Rio Rancho, NM has 3 bedrooms, 2 bathrooms, 1,484 square feet of living space and a 0.31-acre lot.

When was 509 Terrace Dr Ne, Rio Rancho, NM built?

509 Terrace Dr Ne, Rio Rancho, NM was built in 1988, making it 38 years old. The building has 1 story.

What schools serve 509 Terrace Dr Ne, Rio Rancho, NM?

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

How does 509 Terrace Dr Ne, 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 49% of them ($347,302 against a typical $349,775), its price per square foot is higher than 75% of them ($234 against a typical $209), it is bigger than 35% of them (1,484 ft² against a typical 1,689 ft²), its lot is bigger than 73% of them (0.31 ac against a typical 0.23 ac) and it is newer than 50% of them (1988 against a typical 1989). Measured against all of Sandoval County, it is worth more than 41% 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 509 Terrace Dr Ne, Rio Rancho, NM?

The 2025 property tax bill for 509 Terrace Dr Ne, Rio Rancho, NM was $1,904. The county assessed it at $54,826.

More homes on Terrace Dr Ne

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