Cheap homes for sale & real estate in New Mexico, NM

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ABOUT THIS HOME
Cheap Home for sale in New Mexico, NM:
Discover the opportunity to build your dream home on this vacant parcel located in a rapidly growing area of Rio Rancho. Surrounded by new development, this lot offers the perfect setting for a custom or spec home. 1016, 1020 and 1022 Northern are also available to purchase or bundle. Buyer to verify utilities and utility locations.

$45,000

Land0.34 acre (lot)

1018 Northern Blvd NE, Rio Rancho, NM 87124

Listed 161 days

ABOUT THIS HOME
Cheap Home for sale in New Mexico, NM:
This incredible North Valley land opportunity includes three lots offered together at one amazing price. With spacious open areas and natural beauty across three subdivided tracts, this property offers endless potential for your dream home, future development, or investment. The property is zoned D2, providing additional flexibility for future use. The lot at 4850 Dona Ana Road includes a septic system, and 4840 Dona Ana Road also has a septic system on the property.

$375,000

Land2.46 acres (lot)

Undisclosed address, Las Cruces, NM 88007

Listed 161 days

ABOUT THIS HOME
Cheap Home for sale in New Mexico, NM:
Spacious 9.63 acre vacant lot in Moriarty offering wide open views, level terrain, and easy access to I 40. The property provides plenty of room for a custom home, workshop, or recreational use, with power less than half a mile away and light county restrictions. Property is zoned for residential and light agricultural uses. Enjoy quiet rural living while still being just 35 minutes from Albuquerque. A great opportunity for anyone looking for affordable land in central New Mexico.

$17,500

Land9.64 acres (lot)

Undisclosed address, Moriarty, NM 87035

Level terrain • Wide open views

ABOUT THIS HOME
Cheap Home for sale in New Mexico, NM:
Nestled in the serene beauty of Paa-Ko, this lot offers a rare opportunity to own a slice of the East Mountains with stunning natural surroundings and privacy. Enjoy panoramic views of the Sandia Mountains, with vibrant sunrises and sunsets year-round. Surrounded by juniper forest and native landscape, the property provides a peaceful setting with convenient access to Albuquerque. Outdoor recreation abounds nearby, including hiking, biking, and the renowned Paa-Ko Ridge Golf Club. With utilities nearby and paved road access, this is an ideal canvas for your dream home or investment. Buyer(s) to confirm utility location and availability. Please email all offers to JayCollinWRealEstate@gmail.

$125,000

Land1.41 acres (lot)

15 Corn Dance Ct, Sandia Park, NM 87047

Native landscape • Outdoor recreation • Panoramic views

ABOUT THIS HOME
Cheap Home for sale in New Mexico, NM:
A fabulous full acre, just right for your needs! Far from the city, so you will have peace and quiet, with room around you. Plan your dream home, workshop, and landscaping right here! With those legendary Rio Rancho blue skies, and a backdrop of southwestern beauty, there are views in every direction. Not to mention those sunsets! If you've been thinking about land for your home or to hold as a long term investment, today's the day to make your play! Let us help you take this deal across the finish line.

$4,000

Land1.00 acre (lot)

6th (u5 B54 L179) Ave NW, Rio Rancho, NM 87124

Landscaping • Land for your home

Property at 4 Trinidad Ave, Timberon, NM 88350

$17,000

Land0.75 acre (lot)

4 Trinidad Ave, Timberon, NM 88350

Property at 41 Canon Escondido Pl, Sandia Park, NM 87047

$110,000

Land10.22 acres (lot)

41 Canon Escondido Pl, Sandia Park, NM 87047

Property at 31 Canon Escondido, Sandia Park, NM 87047

$110,000

Land11.16 acres (lot)

31 Canon Escondido, Sandia Park, NM 87047

Property at Lot 128 Rancho Rio Grande Unit 14e, Los Lunas, NM 87031

$6,500

Land2.50 acres (lot)

Lot 128 Rancho Rio Grande Unit 14e, Los Lunas, NM 87031

Property at 000 West Of Del Oeste Blvd NW, Rio Rancho, NM 87124

$248,800

Land5.00 acres (lot)

000 West Of Del Oeste Blvd NW, Rio Rancho, NM 87124

Property at Lot 23 Rio Del Oro Block 47 #15, Los Lunas, NM 87031

$1,000

Land0.25 acre (lot)

Lot 23 Rio Del Oro Block 47 #15, Los Lunas, NM 87031

Property at 48 South Gate Dr, Alamogordo, NM 88310

$75,000

Land4.77 acres (lot)

48 South Gate Dr, Alamogordo, NM 88310

Property at Lot 8 Rio Grande Estates Block 716 Unit B, Rio Communities, NM 87002

$1,000

Land0.50 acre (lot)

Lot 8 Rio Grande Estates Block 716 Unit B, Rio Communities, NM 87002

Property at Lot 21 Rio Grande Estates Block 715 Unit B, Rio Communities, NM 87002

$1,000

Land0.50 acre (lot)

Lot 21 Rio Grande Estates Block 715 Unit B, Rio Communities, NM 87002

Property at 106 Daniel Lynn Trl, Santa Teresa, NM 88008, 4 beds, 2 baths

$339,950

4 beds2 baths1,750 sq ft

106 Daniel Lynn Trl, Santa Teresa, NM 88008

Property at 111 Billie Estelle, Sunland Park, NM 88063, 4 beds, 3 baths

$344,950

4 beds3 baths1,935 sq ft

111 Billie Estelle, Sunland Park, NM 88063

Property at 190 Olive Branch Trl, Santa Teresa, NM 88008, 5 beds, 3.5 baths

$415,950

5 beds3.5 baths2,704 sq ft

190 Olive Branch Trl, Santa Teresa, NM 88008

Property at 188 Olive Br, Santa Teresa, NM 88008, 5 beds, 3 baths

$392,950

5 beds3 baths2,150 sq ft

188 Olive Br, Santa Teresa, NM 88008

Property at 200 Olive Br, Santa Teresa, NM 88008, 5 beds, 3 baths

$404,950

5 beds3 baths2,150 sq ft

200 Olive Br, Santa Teresa, NM 88008

Property at 194 Olive Br, Santa Teresa, NM 88008, 5 beds, 3 baths

$404,950

5 beds3 baths2,150 sq ft

194 Olive Br, Santa Teresa, NM 88008

Property at 206 Olive Br, Santa Teresa, NM 88008, 5 beds, 3 baths

$392,950

5 beds3 baths2,150 sq ft

206 Olive Br, Santa Teresa, NM 88008

Property at 212 Olive Br, Santa Teresa, NM 88008, 5 beds, 3 baths

$392,950

5 beds3 baths2,150 sq ft

212 Olive Br, Santa Teresa, NM 88008

Property at 218 Olive Br, Santa Teresa, NM 88008, 5 beds, 3 baths

$408,950

5 beds3 baths2,150 sq ft

218 Olive Br, Santa Teresa, NM 88008

Property at 224 Olive Br, Santa Teresa, NM 88008, 5 beds, 3 baths

$400,950

5 beds3 baths2,150 sq ft

224 Olive Br, Santa Teresa, NM 88008

Property at 230 Olive Br, Santa Teresa, NM 88008, 5 beds, 3 baths

$400,950

5 beds3 baths2,150 sq ft

230 Olive Br, Santa Teresa, NM 88008

Property at 184 Olive Branch Trl, Santa Teresa, NM 88008, 4 beds, 3 baths

$397,950

4 beds3 baths2,350 sq ft

184 Olive Branch Trl, Santa Teresa, NM 88008

Property at 226 Olive Branch Trl, Santa Teresa, NM 88008, 4 beds, 3 baths

$405,950

4 beds3 baths2,350 sq ft

226 Olive Branch Trl, Santa Teresa, NM 88008

Property at 103 Vista Cristo Way, Santa Teresa, NM 88008, 4 beds, 2 baths

$344,950

4 beds2 baths1,950 sq ft

103 Vista Cristo Way, Santa Teresa, NM 88008

Property at 105 Vista Cristo Way Trl, Sunland Park, NM 88063, 5 beds, 3 baths

$364,950

5 beds3 baths2,060 sq ft

105 Vista Cristo Way Trl, Sunland Park, NM 88063

Property at 3812 Black Juniper Ct NE, Rio Rancho, NM 87144

$5,800

Land0.57 acre (lot)

3812 Black Juniper Ct NE, Rio Rancho, NM 87144

Property at Two Lots Crazy Rabbit, Santa Fe, NM 87508

$240,000

Land7.50 acres (lot)

Two Lots Crazy Rabbit, Santa Fe, NM 87508

Property at 2016 Painted Hills (u21 B9 L5) Ave NE, Rio Rancho, NM 87144

$75,000

Land0.50 acre (lot)

2016 Painted Hills (u21 B9 L5) Ave NE, Rio Rancho, NM 87144

Property at 2012 Painted Hills (u21 B9 L4) Ave NE, Rio Rancho, NM 87144

$75,000

Land0.50 acre (lot)

2012 Painted Hills (u21 B9 L4) Ave NE, Rio Rancho, NM 87144

Property at 2113 Venue (u21 B4 L26) Ave NE, Rio Rancho, NM 87144

$75,000

Land0.50 acre (lot)

2113 Venue (u21 B4 L26) Ave NE, Rio Rancho, NM 87144

Property at 51st St NW, Rio Rancho, NM 87144

$4,500

Land1.50 acres (lot)

51st St NW, Rio Rancho, NM 87144

Property at Milton Rd, Timberon, NM 88350

$6,999

Land0.50 acre (lot)

Milton Rd, Timberon, NM 88350

Property at 2117 Venue (u21 B4 L25) Ave NE, Rio Rancho, NM 87144

$75,000

Land0.50 acre (lot)

2117 Venue (u21 B4 L25) Ave NE, Rio Rancho, NM 87144

Property at 2202 Arena (u21 B4 L15) Dr NE, Rio Rancho, NM 87144

$150,000

Land0.50 acre (lot)

2202 Arena (u21 B4 L15) Dr NE, Rio Rancho, NM 87144

Property at 2618 Bittenburg St NE, Rio Rancho, NM 87144

$42,000

Land1.00 acre (lot)

2618 Bittenburg St NE, Rio Rancho, NM 87144

Property at Irving Dirt Road Extension Blvd NW, Albuquerque, NM 87114

$298,000

Land5.00 acres (lot)

Irving Dirt Road Extension Blvd NW, Albuquerque, NM 87114

Property at 2502 Istle Rd NE, Rio Rancho, NM 87124

$110,000

Land0.59 acre (lot)

2502 Istle Rd NE, Rio Rancho, NM 87124

Viewing page 170 of 265

Based on information submitted to the MLS GRID as of Tue Sep 15 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Cheap Homes for Sale in New Mexico

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Find your dream cheap homes in New Mexico using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in New Mexico are local experts and are ready to answer your questions about properties , neighborhoods, schools, and the newest listings for sale in New Mexico. If you're looking to sell your home in the New Mexico area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in New Mexico with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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