No longer just a suburb of Albuquerque, Rio Rancho is now New Mexico's third-largest -- and fastest-growing -- city. Founded in the 1960s, it's also one of the state's youngest towns. Most public buildings, including the hospital, sports arena and City Hall, are all relatively new. A university and community college are also in the works.
Tech is big here. Intel, which has operated a chipmaking plant in Rio Rancho since the 1980s, is by far the largest employer. And Hewlett-Packard recently opened a customer service center.
A spate of foreclosures in the city helped send home prices about 15% lower over the past few years, although prices have since started to stabilize.Subscribe to Money Magazine
These terrific small cities offer strong job opportunities, great schools, low crime, quality health care, and a true sense of community.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.65%||3.65%|
|15 yr fixed||2.80%||2.78%|
|30 yr refi||3.64%||3.63%|
|15 yr refi||2.79%||2.78%|
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