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:
Set high on a quiet mesa, this parcel offers sweeping views of distant peaks and wide-open skies. Native flora adds texture and color, while the elevated terrain invites off-grid living or a peaceful getaway. Private, sunlit, and full of potential.

$750

Land0.25 acre (lot)

Peaceful getaway • Native flora • Elevated terrain

VL Rdo Lot 10 Block 14 #7, Los Lunas, NM 87031

ABOUT THIS HOME
Cheap Home for sale in New Mexico, NM:
A ½-acre corner lot surrounded by tall pines and natural Timberon beauty. Gently wooded terrain with multiple potential build sites. Easy access from two roads, offering flexibility for a cabin, RV pad, or future homesite. Electric and water available on easement. Peaceful Sacramento Mountain setting perfect for a getaway or investment. Low property taxes and no HOA, but Timberon does have a small annual assessment for community services. Close to fishing ponds, golf course, and outdoor recreation. Timberon is known for its cool mountain climate, wildlife, and peaceful surroundings.

$12,000

Land0.50 acre (lot)

Corner lot • Golf course

Gunnison Way, Timberon, NM 88350

ABOUT THIS HOME
Cheap Home for sale in New Mexico, NM:
This land is ready for any builder or developers to come in and start building mountain style townhomes with plans already complete. Zoned multifamily

$125,000

Land0.50 acre (lot)

Listed 21 days

609 Wingfield St, Ruidoso, NM 88345

ABOUT THIS HOME
Cheap Home for sale in New Mexico, NM:
Discover the perfect canvas for your weekend getaways, off-grid setup, or future site-built home with this affordable 0.79-acre vacant parcel. Offering a wonderful blend of peaceful rural living and convenient access to local amenities, this property features flat terrain with an easy approach, making it an ideal investment or starting point for your next project. Enjoy breathtaking New Mexico skies, gorgeous mountain views in the distance, and the quiet solitude of Torrance County while still being within comfortable reach of Moriarty and Albuquerque conveniences. Don't miss out on this fantastic opportunity to own a piece of the Southwest landscape!

$1,200

Land0.79 acre (lot)

Convenient access • Flat terrain • Mountain views

Lot 7 Estancia Ranchettes #5, Estancia Ranchettes, NM 87035

ABOUT THIS HOME
Cheap Home for sale in New Mexico, NM:
Prime residential lot located in a desirable neighborhood in Española! This level lot is ready for your dream home or a manufactured home. Water, electricity, natural gas, and other utilities conveniently available at the road. The property also includes valuable irrigation rights. Ideally situated with easy access to shopping, schools, and local amenities, this centrally located lot offers an easy commute—just 30 minutes to Los Alamos and Santa Fe. Whether you're looking to build now or invest for the future, this is an excellent opportunity in a well-established neighborhood.

$115,000

Land0.29 acre (lot)

Residential lot • Irrigation rights • Level lot

Lot 3B Montana Vista St, Espanola, NM 87532

Property at 0 General Crook Rd, Hillsboro, NM 88042

$48,900

Land40.06 acres (lot)

0 General Crook Rd, Hillsboro, NM 88042

Property at 2216 5th St NE, Rio Rancho, NM 87144

$30,000

Land1.00 acre (lot)

2216 5th St NE, Rio Rancho, NM 87144

Property at 600 21st Ave NE, Rio Rancho, NM 87144

$37,000

Land1.49 acres (lot)

600 21st Ave NE, Rio Rancho, NM 87144

Property at 861 21st Ave NE, Rio Rancho, NM 87144

$50,000

Land2.14 acres (lot)

861 21st Ave NE, Rio Rancho, NM 87144

Property at 1142 1st St, Grants, NM 87020

$189,000

Land1.50 acres (lot)

1142 1st St, Grants, NM 87020

Property at 2301 Chessman Dr NE, Rio Rancho, NM 87124

$171,999

Land2.28 acres (lot)

2301 Chessman Dr NE, Rio Rancho, NM 87124

Property at 69 Espejo, Moriarty, NM 87035

$15,000

Land2.70 acres (lot)

69 Espejo, Moriarty, NM 87035

Property at 73 Espejo, Moriarty, NM 87035

$10,000

Land1.80 acres (lot)

73 Espejo, Moriarty, NM 87035

Property at 5001 Monica Ln NW, Albuquerque, NM 87120

$205,000

Land8,420 sq ft (lot)

5001 Monica Ln NW, Albuquerque, NM 87120

Property at 10 Acres Off Cerro Montoso Rd, Arroyo Hondo, NM 87513

$29,000

Land10.00 acres (lot)

10 Acres Off Cerro Montoso Rd, Arroyo Hondo, NM 87513

Property at 80 Golondrina, Moriarty, NM 87035

$15,000

Land2.70 acres (lot)

80 Golondrina, Moriarty, NM 87035

Property at 2550 Canoncito School Rd, Laguna, NM 87026

$175,000

Land20.00 acres (lot)

2550 Canoncito School Rd, Laguna, NM 87026

Property at 800 Cherry Rd NE, Rio Rancho, NM 87144

$33,000

Land1.00 acre (lot)

800 Cherry Rd NE, Rio Rancho, NM 87144

Property at VL Rdo Lot 9 Block 14 #7, Los Lunas, NM 87031

$750

Land0.25 acre (lot)

VL Rdo Lot 9 Block 14 #7, Los Lunas, NM 87031

Property at VL Rrgw Lot 23 Block 1 #10, Belen, NM 87002

$7,500

Land4.93 acres (lot)

VL Rrgw Lot 23 Block 1 #10, Belen, NM 87002

Property at 10 Butterfly Ln, Mcintosh, NM 87032

$62,000

Land5.00 acres (lot)

10 Butterfly Ln, Mcintosh, NM 87032

Property at 2 N South Ave, Elida, NM 88116

$36,000

Land1.92 acres (lot)

2 N South Ave, Elida, NM 88116

Property at 3400 Browning Pl, Roswell, NM 88201

$98,000

Land5.70 acres (lot)

3400 Browning Pl, Roswell, NM 88201

Property at 81 Espejo, Moriarty, NM 87035

$10,000

Land0.91 acre (lot)

81 Espejo, Moriarty, NM 87035

Property at 63 Golondrina, Moriarty, NM 87035

$10,000

Land1.80 acres (lot)

63 Golondrina, Moriarty, NM 87035

Property at Southern U2 B11 L56 Blvd SW #2, Rio Rancho, NM 87124

$10,500

Land0.50 acre (lot)

Southern U2 B11 L56 Blvd SW #2, Rio Rancho, NM 87124

Property at Us Route 66 East, Moriarty, NM 87035

$85,000

Land0.80 acre (lot)

Us Route 66 East, Moriarty, NM 87035

Property at 540 Morning Sky Ave NE, Rio Rancho, NM 87144

$25,000

Land1.00 acre (lot)

540 Morning Sky Ave NE, Rio Rancho, NM 87144

Property at 76 Brownwood Rd, Timberon, NM 88350

$110,000

Land1.00 acre (lot)

76 Brownwood Rd, Timberon, NM 88350

Property at 500 N Hull St, Clovis, NM 88101

$20,000

Land6,969 sq ft (lot)

500 N Hull St, Clovis, NM 88101

$24,000

Land10.87 acres (lot)

0 #217, Quemado, NM 87829

Property at 841 20th Ave NE, Rio Rancho, NM 87144

$38,000

Land1.56 acres (lot)

841 20th Ave NE, Rio Rancho, NM 87144

Property at Mission Hills Rd Lot 21, Estancia, NM 87016

$85,000

Land42.57 acres (lot)

Mission Hills Rd Lot 21, Estancia, NM 87016

Property at 73 Golondrina, Moriarty, NM 87035

$10,000

Land1.80 acres (lot)

73 Golondrina, Moriarty, NM 87035

Property at Mission Hills Rd Lot 16, Estancia, NM 87016

$85,000

Land40.00 acres (lot)

Mission Hills Rd Lot 16, Estancia, NM 87016

Property at 102 & 104 Warm Springs Blvd, Elephant Butte, NM 87935

$200,000

Land1.15 acres (lot)

102 & 104 Warm Springs Blvd, Elephant Butte, NM 87935

Property at VL Rdo Lot 8 Block 14 #7, Los Lunas, NM 87031

$750

Land0.25 acre (lot)

VL Rdo Lot 8 Block 14 #7, Los Lunas, NM 87031

Property at VL Rrgw Lot 30 Block 1 #10, Belen, NM 87002

$7,500

Land4.84 acres (lot)

VL Rrgw Lot 30 Block 1 #10, Belen, NM 87002

Property at VL Rrgw Lot 29 Block 1 #10, Belen, NM 87002

$7,500

Land4.72 acres (lot)

VL Rrgw Lot 29 Block 1 #10, Belen, NM 87002

Property at 671 Nightglow Ave NE, Rio Rancho, NM 87144

$20,000

Land0.50 acre (lot)

671 Nightglow Ave NE, Rio Rancho, NM 87144

Property at 60 Brownwood Rd, Cloudcroft, NM 88350

$110,000

Land1.11 acres (lot)

60 Brownwood Rd, Cloudcroft, NM 88350

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Cheap Homes for Sale in New Mexico

There are currently 10769 cheap homes for sale in New Mexico. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. This map is refreshed with the newest listings in New Mexico every 15 minutes.

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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