Cheap homes for sale & real estate in 87002, NM

326 homes

Sort:

Recommended

ABOUT THIS HOME
Cheap Home for sale in 87002, NM:
Discover 5 irrigated acres of vacant land near the beautiful Bosque--ready for your dream home! This prime country property includes valuable pre-1907 water rights, offering exceptional agricultural potential. Enjoy peaceful rural living with the convenience of nearby amenities. A rare opportunity to own build-ready land with historic water rights in a serene natural setting. Come take a look today!

$298,000

— beds— baths— sq ft

91 Camino De Los Chavez, Belen, NM 87002

Rural living • Build-ready land • Natural setting

ABOUT THIS HOME
Cheap Home for sale in 87002, NM:
This half acre is just 1.24 miles to the Manzano Expy! Great for a commute. Enjoy a quiet life here in the country near Belen, where you can dine and shop just a short drive away. You will love having land of your own, under bright blue skies! Make your dream home plans today, and know that you are making a great choice for today and your future! Nearby Rio Communities is a growing development. Take your next step by contacting us. We are NM land experts - here to help you make your dreams a reality!

$1,200

— beds— baths— sq ft

Rio Grande Est (u:v B1396 L15), Belen, NM 87002

0.5 acre lot • Listed 216 days

ABOUT THIS HOME
Cheap Home for sale in 87002, NM:
Beautiful 10 acre piece of farmland just south of Belen! This stunning property has just been fully laser-leveled with two productive tiers and is newly planted and ready for your agricultural vision. A brand new underground irrigation system with 5 bobbers on each tier for a total of 10 ensures efficient water distribution. Whether you're looking for fertile farmland or the perfect spot to build your dream home with wide open views, this versatile property offers incredible potential. Don't miss this rare opportunity to own a prime piece of the New Mexico countryside!

$220,000

— beds— baths— sq ft

33 Pueblitos Rd, Belen, NM 87002

Fully laser-leveled • Fertile farmland • Wide open views

ABOUT THIS HOME
Cheap Home for sale in 87002, NM:
Great Investment opportunity !! Priced well below market value at only $5,000 per acre. 6 - 10+ acre parcels for a total of 66 Acres with beautiful views ! Can be subdivided further. This acreage is located West of the W Frontage road at the second Belen Exit ( Camino Del Llano) Listing is for 6 lots, all being sold together. Vacant Land with electricity at James St. Recorded plat with access and utility easement for all parcels.

$330,000

— beds— baths— sq ft

66 Acres James St, Belen, NM 87002

Vacant land • 66 acres • 66 acre lot

ABOUT THIS HOME
Cheap Home for sale in 87002, NM:
Discover the unmatched potential of Bosque Sandhill Ranch, rare opportunity to own approximately 115 acres across four adjoining tracts in Valencia County, NM. With panoramic views from atop the scenic mesa bluff, this expansive property is ideal for a wide range of commercial or agricultural ventures. Whether you're looking to develop a solar energy farm, establish a horse or cattle ranch, or invest in land with long-term value, this package offers space, privacy, and natural beauty. Easy access, nearby utilities, and vast open skies make it a prime location for forward-thinking businesses or visionary landowners. Don't miss your chance to secure a piece of New Mexico's untouched high dese

$199,995

— beds— baths— sq ft

Bosque Sandhill Rnch, Belen, NM 87002

Vast open skies • Panoramic views • Prime location

Property at Block:A Tract:1 Rio Grande Industrial Park, Belen, NM 87002

$225,000

— beds— baths— sq ft

Block:A Tract:1 Rio Grande Industrial Park, Belen, NM 87002

Property at 167 Armijo Rd, Belen, NM 87002

$35,000

— beds— baths— sq ft

167 Armijo Rd, Belen, NM 87002

Property at 4 Lots Rio Grande Estates Unit O, Rio Communities, NM 87002

$8,000

— beds— baths— sq ft

4 Lots Rio Grande Estates Unit O, Rio Communities, NM 87002

Property at Marcar Cir, Rio Communities, NM 87002

$20,000

— beds— baths— sq ft

Marcar Cir, Rio Communities, NM 87002

Property at Karr Cir, Rio Communities, NM 87002

$10,000

— beds— baths— sq ft

Karr Cir, Rio Communities, NM 87002

Property at 13 Stella Ct, Belen, NM 87002

$79,900

— beds— baths— sq ft

13 Stella Ct, Belen, NM 87002

Property at 0 Jensen Ln, Belen, NM 87002

$19,900

— beds— baths— sq ft

0 Jensen Ln, Belen, NM 87002

Property at 00064 La Ladera Estates-vacant Land Rd, Los Chavez, NM 87002

$59,000

— beds— baths— sq ft

00064 La Ladera Estates-vacant Land Rd, Los Chavez, NM 87002

Property at Encima De Belen, Belen, NM 87002

$80,000

— beds— baths— sq ft

Encima De Belen, Belen, NM 87002

Property at 00070 La Ladera Estates-vacant Land, Los Chavez, NM 87002

$69,000

— beds— baths— sq ft

00070 La Ladera Estates-vacant Land, Los Chavez, NM 87002

Property at 00069 La Ladera Estates-vacant Land, Los Chavez, NM 87002

$69,000

— beds— baths— sq ft

00069 La Ladera Estates-vacant Land, Los Chavez, NM 87002

Property at 00068 La Ladera Estates-vacant Land, Los Chavez, NM 87002

$69,000

— beds— baths— sq ft

00068 La Ladera Estates-vacant Land, Los Chavez, NM 87002

Property at 00067 La Ladera Estates-vacant Land, Los Chavez, NM 87002

$69,000

— beds— baths— sq ft

00067 La Ladera Estates-vacant Land, Los Chavez, NM 87002

Property at 00066 La Ladera Estates-vacant Land, Los Chavez, NM 87002

$69,000

— beds— baths— sq ft

00066 La Ladera Estates-vacant Land, Los Chavez, NM 87002

Property at Lot: 22 Block: 57 Unit: 2, Los Lunas, NM 87031

$1,200

— beds— baths— sq ft

Lot: 22 Block: 57 Unit: 2, Los Lunas, NM 87031

Property at Lot 3 Rio Del Oro #63, Belen, NM 87002

$1,200

— beds— baths— sq ft

Lot 3 Rio Del Oro #63, Belen, NM 87002

Property at Lot 2 Highway 47, Belen, NM 87002

$69,900

— beds— baths— sq ft

Lot 2 Highway 47, Belen, NM 87002

$125,000

— beds— baths— sq ft

Hwy 304, Belen, NM 87002

$125,000

— beds— baths— sq ft

Hwy 304, Belen, NM 87002

$40,000

— beds— baths— sq ft

Erica Ln, Belen, NM 87002

$40,000

— beds— baths— sq ft

Erica Ln, Belen, NM 87002

Property at Lot 9 Block 1370 Unit ''u'', Rio Communities, NM 87002

$1,250

— beds— baths— sq ft

Lot 9 Block 1370 Unit ''u'', Rio Communities, NM 87002

Property at Rio Grande Estates L38b373u17, Belen, NM 87002

$1,500

— beds— baths— sq ft

Rio Grande Estates L38b373u17, Belen, NM 87002

Property at Lot 315 Rancho Rio Grande Unit 9E, Belen, NM 87002

$7,200

— beds— baths— sq ft

Lot 315 Rancho Rio Grande Unit 9E, Belen, NM 87002

Property at Turbine Rd, Rio Communities, NM 87002

$7,000

— beds— baths— sq ft

Turbine Rd, Rio Communities, NM 87002

Property at 14 Ursula Dr, Belen, NM 87002

$75,000

— beds— baths— sq ft

14 Ursula Dr, Belen, NM 87002

Property at (u50 B4 L11, 12), Belen, NM 87002

$1,200

— beds— baths— sq ft

(u50 B4 L11, 12), Belen, NM 87002

Property at xx De Haan Loop #47, Belen, NM 87002

$1,200

— beds— baths— sq ft

xx De Haan Loop #47, Belen, NM 87002

Property at XX None #47, Belen, NM 87002

$1,200

— beds— baths— sq ft

XX None #47, Belen, NM 87002

Property at Canyon Del Rio Lot 2 Blk 28 U6, Belen, NM 87002

$10,000

— beds— baths— sq ft

Canyon Del Rio Lot 2 Blk 28 U6, Belen, NM 87002

Property at 0 Escudo Dr, Belen, NM 87002

$6,992

— beds— baths— sq ft

0 Escudo Dr, Belen, NM 87002

Property at VL Lot 4 Block 79 #13, Belen, NM 87002

$1,400

— beds— baths— sq ft

VL Lot 4 Block 79 #13, Belen, NM 87002

Property at Subd: Rancho Rio Grande Lot 50 Unit 9E, Belen, NM 87002

$5,000

— beds— baths— sq ft

Subd: Rancho Rio Grande Lot 50 Unit 9E, Belen, NM 87002

Property at Rio Communities Blvd, Rio Communities, NM 87002

$250,000

— beds— baths— sq ft

Rio Communities Blvd, Rio Communities, NM 87002

Property at Burson Ln, Pueblitos, NM 87002

$69,900

— beds— baths— sq ft

Burson Ln, Pueblitos, NM 87002

Property at VL Rge Lots 16,17,18,19 Block 377 #17, Rio Communities, NM 87002

$7,600

— beds— baths— sq ft

VL Rge Lots 16,17,18,19 Block 377 #17, Rio Communities, NM 87002

Viewing page 6 of 8

Cheap Homes for Sale in 87002

There are currently 326 cheap homes for sale in 87002 at a median listing price of $299K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 87002 stay on the market for 71 days. This map is refreshed with the newest listings in 87002 every 15 minutes.

In the past month, 13 homes have been sold in 87002. In addition to houses in 87002, there was also 1 condo, 6 townhouses, and 1 multi-family unit for sale in 87002 last month. Find your dream home in 87002 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 87002 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 87002. If you're looking to sell your home in the 87002 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 87002 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

More real estate resources for 87002, NM

Nearby Zip Codes

Cities

Nearby Zip Codes with Cheap Homes

Nearby Cities with Cheap Homes

More to explore in 87002, NM

How to buy a house in 87002, NM

How much house can I afford?

How to buy a house in 10 steps

First-time homebuyer's guide

See more home buying guides

Popular Markets in New Mexico

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.