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Single Family ResidenceResidential
$331,946$166 / 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

948 WATERFALL DR NE

RIO RANCHO, NM 87144
4
Beds
3 / 1
Baths
1,997 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.
0.12 ac
Lot SizeThe size of the land the home sits on, from county records.
2007
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$332K
$321K low$343K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,000 (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.$83,234 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$11,908
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$71,326
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$83,234
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$249,702

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.0.12
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(1)

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

E
Cielo Azul Elementary SchoolC-
Elementary · Grades KG–5 · 0.7 mi
M
Rio Rancho Middle SchoolB+
Middle · Grades 6–8 · 4.2 mi
H
Cleveland High SchoolB+
High · Grades 9–12 · 4.3 mi

District: Rio Rancho Public Schools

Neighborhood · ZIP 87144These 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.56
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.88
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.133

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.97%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.24%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.7.1%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.48,660
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.234 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$82,725
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$106,609
Average tempThe average temperature here across a full year.52°F
Annual precipHow much rain and melted snow falls here in a typical year.12 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

948 Waterfall 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 less than 68% of homes in Rio Rancho 87144
  • Costs less per square foot than 88% of homes in Rio Rancho 87144
  • Has a smaller lot than 89% of homes in Sandoval County
  • Newer than 81% of homes in Sandoval County

What homes are worth in Rio Rancho 87144

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

This home
$229K$745K

This home is worth more than 32% of homes in Rio Rancho 87144.

How it measures up in Rio Rancho 87144

The dot is this home. The mark in the middle is the typical home in Rio Rancho 87144.

Estimated value$331,946
CheaperTypical $373,085Pricier

Pricier than 32% of homes nearby

Price per ft²$166
CheaperTypical $215Pricier

Pricier than 12% of homes nearby

Living area1,997 ft²
SmallerTypical 1,851 ft²Bigger

Bigger than 58% of homes nearby

Lot size0.12 ac
SmallerTypical 0.17 acBigger

Bigger than 14% of homes nearby

Year built2007
OlderTypical 2004Newer

Newer than 73% of homes nearby

How 948 Waterfall Dr Ne ranks against every home in each area.
MeasureThis homeNorthern MeadowsRio Rancho 87144Sandoval County
Estimated valuepricier than$331,94662% of homes32% of homes34% of homes
Price per ft²pricier than$16635% of homes12% of homes12% of homes
Living areabigger than1,997 ft²64% of homes58% of homes59% of homes
Lot sizebigger than0.12 ac13% of homes14% of homes11% of homes
Year builtnewer than200778% of homes73% of homes81% of homes

About 948 Waterfall Dr Ne

How much is 948 Waterfall Dr Ne, Rio Rancho, NM worth?

The TopHap Estimate for 948 Waterfall Dr Ne, Rio Rancho, NM is $331,946 as of Aug 30, 2026. The likely range is $320,510 to $343,382. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 948 Waterfall Dr Ne, Rio Rancho, NM last sell?

948 Waterfall Dr Ne, Rio Rancho, NM last sold on Mar 3, 2021, according to the county's recorded deed.

How big is 948 Waterfall Dr Ne, Rio Rancho, NM?

948 Waterfall Dr Ne, Rio Rancho, NM has 4 bedrooms, 3 bathrooms, 1,997 square feet of living space and a 0.12-acre lot.

When was 948 Waterfall Dr Ne, Rio Rancho, NM built?

948 Waterfall Dr Ne, Rio Rancho, NM was built in 2007, making it 19 years old. The building has 1 story.

What schools serve 948 Waterfall Dr Ne, Rio Rancho, NM?

948 Waterfall Dr Ne, Rio Rancho, NM is assigned to Cielo Azul Elementary School (elementary), rated C-; Rio Rancho Middle School (middle), rated B+; Cleveland High School (high), rated B+. All sit in Rio Rancho Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 948 Waterfall Dr Ne, Rio Rancho, NM compare to other homes in Rio Rancho 87144?

Among the 19,305 homes in Rio Rancho 87144, it is worth more than 32% of them ($331,946 against a typical $373,085), its price per square foot is higher than 12% of them ($166 against a typical $215), it is bigger than 58% of them (1,997 ft² against a typical 1,851 ft²), its lot is bigger than 14% of them (0.12 ac against a typical 0.17 ac) and it is newer than 73% of them (2007 against a typical 2004). Measured against all of Sandoval County, it is worth more than 34% 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 948 Waterfall Dr Ne, Rio Rancho, NM?

The 2025 property tax bill for 948 Waterfall Dr Ne, Rio Rancho, NM was $3,000. The county assessed it at $83,234.

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