Cheap homes for sale & real estate in 87048, NM

19 homes

Sort:

Recommended

ABOUT THIS HOME
Cheap Home for sale in 87048, NM:
Set on nearly an acre in the sought-after Corrales community, this property offers open space and exceptional potential for horse enthusiasts. The . 94-acre lot provides ample room for stables, paddocks, or a small arena, with level ground ready for your custom equestrian setup. The 4-bedroom, 2-bath home sits amid sweeping Corrales views and endless skies, creating a true country retreat. With horses allowed, it's an ideal setting for rural living, hobby farming, or expanding outdoor amenities such as gardens, pastures, or additional outbuildings. Perfectly located near village shops and restaurants, and offering easy access to Albuquerque and Rio Rancho, this property delivers the rare ba

$450,000

4 beds2.5 baths2,400 sq ft

1084 W La Entrada, Corrales, NM 87048

Open views • Country living • Manufactured home

ABOUT THIS HOME
Cheap Home for sale in 87048, NM:
If you are looking for Panoramic and Amazing Views of the Sandia Mountains, City Views, South to downtown and North to the Sangre de Cristos this lot is for you. This lot offers the Best Views in the Mesa Vista De Corrales Subdivision. Your home will be overlooking the Vineyard and there is a walking path around the perimeter of the neighborhood. You will be looking down at the beautiful scenery, large cottonwoods with fall changing colors, snow on the Sandias and breathtaking views that are like no other. Seller will include two bottles of wine that come from the vineyard, drawing of house and outbuilding- If a value to the buyer, geotechnical Investigation and Seller will pay the first ye

$250,000

— beds— baths— sq ft

Calle Contenta, Corrales, NM 87048

Vineyard • City views • Fall changing colors

ABOUT THIS HOME
Cheap Home for sale in 87048, NM:
Panoramic views! You can see from downtown Albuquerque to the Santa Fe Sangre de Cristo mountains. These TWO ACRES run all the way to the Rio Rancho fence line on the west and can be subdivided into two lots. Access off of Loma Larga onto Paseo de Corrales Rd. just north of Meadowlark Ln. Minutes from Rio Rancho and Albuquerque shopping, entertainment, medical facilities and services yet in the quiet, popular village of Corrales.

$279,000

— beds— baths— sq ft

435 Paseo De Corrales, Corrales, NM 87048

Panoramic views • Two acres • 2.02 acre lot

ABOUT THIS HOME
Cheap Home for sale in 87048, NM:
MRGCD ACCESS, 1.1 ACRE ALLOW 2ND STRUCTURE, UNUSUAL SHAPE OF LOT CREATE UNLIMITED DESIGN POSSIBILITIES. FIRE AND WASTE LINES PRESENT. LEVEL LOT FOR EASE OF BUILDING, HORSES OKAY, VIEW LOT WITH THE UNBLOCKED MOUNTAIN VIEWS.

$365,000

— beds— baths— sq ft

Loma Larga 147b Rd, Corrales, NM 87048

2nd structure • 1.1 acre • 1.11 acre lot

ABOUT THIS HOME
Cheap Home for sale in 87048, NM:
This homesite is tucked in the back of a quiet private road at the end of a cul-de-sac in beautiful Corrales. New homes surround this particular homesite. Build your new dream home in one of the most desirable areas in the metro! Corrales is a lifestyle that includes; Community events, farmers markets, wineries, breweries, swanky restaurants, food trucks, coffee shops and so much more! This lot does have a slope in the back, this lot will need a well and septic. There is a building pad already on this property (inquire about details). There has also been a soils test done- see documents. This lot is also listed a residential proposed new construction listing. Please inquire if you are looki

$250,000

— beds— baths— sq ft

100 Camino De Claudio, Corrales, NM 87048

Soils test • Building pad • Quiet private road

Property at 75 Calle Roja, Corrales, NM 87048

$185,000

— beds— baths— sq ft

75 Calle Roja, Corrales, NM 87048

Property at 0 Arabian Ln, Corrales, NM 87048

$450,000

— beds— baths— sq ft

0 Arabian Ln, Corrales, NM 87048

Property at 20 Blue Sky, Corrales, NM 87048

$325,500

— beds— baths— sq ft

20 Blue Sky, Corrales, NM 87048

Property at 60 Blue Sky, Corrales, NM 87048

$375,500

— beds— baths— sq ft

60 Blue Sky, Corrales, NM 87048

Property at 40 Blue Sky, Corrales, NM 87048

$355,000

— beds— baths— sq ft

40 Blue Sky, Corrales, NM 87048

Property at Lot 74 Camino De La Tierra, Corrales, NM 87048

$210,000

— beds— baths— sq ft

Lot 74 Camino De La Tierra, Corrales, NM 87048

Property at Perfecto Lopez Rd, Corrales, NM 87048

$200,000

— beds— baths— sq ft

Perfecto Lopez Rd, Corrales, NM 87048

Property at 118 Stella Ln, Corrales, NM 87048

$350,000

— beds— baths— sq ft

118 Stella Ln, Corrales, NM 87048

Property at 420 Pueblito Ln, Corrales, NM 87048

$440,000

— beds— baths— sq ft

420 Pueblito Ln, Corrales, NM 87048

Property at 390 Pueblito Ln, Corrales, NM 87048

$450,000

— beds— baths— sq ft

390 Pueblito Ln, Corrales, NM 87048

Property at 3.44 Ac Mesa Alta Subdvn Tbd, Corrales, NM 87048

$396,500

— beds— baths— sq ft

3.44 Ac Mesa Alta Subdvn Tbd, Corrales, NM 87048

Property at 1535 Sagebrush Dr, Corrales, NM 87048

$225,000

— beds— baths— sq ft

1535 Sagebrush Dr, Corrales, NM 87048

Property at Lot 37 Dulce Ct, Corrales, NM 87048

$189,000

— beds— baths— sq ft

Lot 37 Dulce Ct, Corrales, NM 87048

$115,000

— beds— baths— sq ft

30 Paseo Alto Oeste, Corrales, NM 87048

Viewing page 1 of 1

End of results

Nearby homes that match your criteria

OPEN DEC 10, 3PM TO 5PM

ABOUT THIS HOME
Cheap Home for sale in 87048, NM:
Completely Remodeled & Move-In Ready! This beautifull split-level home is truly a must-see. Sits on a . 25 acre back yard mountain views. Featuring 3 bedrooms, 3 bathrooms, this property offers comfort and convenience. Enjoy two spacious living areas, perfect for entertaining or relaxing. Recent upgrades completed in 2025 include: New refrigerated air unit, New roof, New furnace. Additional updates include new kitchen custom cabinets with quartz countertops, all new kitchen appliances, fresh interior and exterior paint, and new vinyl flooring throughout. Completely remodeled Bathrooms. Finished garage. Don't miss out and call me for a private tour. Enjoy the close proximity to dining,

$340,000

3 beds3 baths1,995 sq ft

506 San Juan De Rio Dr SE, Rio Rancho, NM 87124

Move-in ready • Remodeled • Split-level home

3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in 87048, NM:
Sweet, Stylish & Totally Move-In Ready!Welcome to this beautifully refreshed 3 bedroom, 2 bath home that delivers the perfect blend of comfort, charm, and modern touches. From the moment you step inside, you'll feel the openness and warmth of a bright floor plan designed for everyday living and effortless entertaining. Fresh new carpet creates a clean and cozy feel throughout the living spaces, while the custom paint and trim accents in the primary suite and bathrooms add an elevated, designer look you won't find just anywhere. The kitchen, dining, and living areas flow together seamlessly--offering plenty of natural light and a welcoming atmosphere for gatherings with friends and fam

$337,500

3 beds2 baths1,402 sq ft

3421 Oregon Trail Rd NE, Rio Rancho, NM 87144

6,970 sq ft lot • 2 garage spots • Built 2020

ABOUT THIS HOME
Cheap Home for sale in 87048, NM:
With gorgeous mountain views great & curb appeal in a quiet & friendly neighborhood, you don't want to miss this charmingly updated home! Step into an open floor plan with a cozy fireplace, cathedral ceilings in the great room & natural light pouring in from all angles. Primary bedroom is separate from the other two for added privacy, with two full baths easily accessible. Large utility room was recently updated (2025), plus newer windows & refrigerated AC added (2023). Enjoy tons of great space for entertaining family & friends or relaxing with your favorite beverage on the back patio, with ample room for kids to play in the oversized backyard boasting spectac

$299,000

3 beds2 baths1,088 sq ft

4104 Rowe Ave NW, Albuquerque, NM 87114

Open floor plan • Cathedral ceilings • Natural light

ABOUT THIS HOME
Cheap Home for sale in 87048, NM:
This beautifully remodeled home blends charm with modern comfort throughout. Thoughtful upgrades include fresh interior and exterior paint, elegant granite countertops, new stainless appliances, new flooring, plush bedroom carpet, and vinyl thermal double pane windows. The open floor plan features a warm wood burning fireplace and fully remodeled bathrooms. A fully walled backyard, large lot, and convenient side yard access offer generous space for outdoor enjoyment and creativity. With refrigerated air, a new water heater, a paid solar system that greatly reduces electric costs, and no HOA, this residence provides both style and freedom, enhanced by the views of the beautiful Sandia Mounta

$319,000

3 beds2 baths1,348 sq ft

481 Feldspar Dr NE, Rio Rancho, NM 87124

Stainless appliances • Large lot • Granite countertops

ABOUT THIS HOME
Cheap Home for sale in 87048, NM:
Great corner property located the heart of Rio Rancho. With your special touch this home could be a great opportunity for some sweat equity for a home owner, or a financial opportunity for an investor. This home offers 2 orginal bedrooms with a possiblity of 4 bedooms. The carport conversion does have plumbing for kitchen and bath.

$249,000

3 beds2 baths1,637 sq ft

806 El Olmo Ct SE, Rio Rancho, NM 87124

Plumbing for kitchen • Carport conversion • Plumbing for bath

ABOUT THIS HOME
Cheap Home for sale in 87048, NM:
Discover comfort and convenience in this charming 3-bedroom, 2-bath townhouse located in The Islands, a desirable 55+ gated community in Rio Rancho. Enjoy stunning Sandia Mountain views from the expansive covered patio, perfect for relaxing or entertaining. A welcoming private courtyard leads into a spacious family room featuring a cozy gas fireplace. The open kitchen and dining area offer raised-panel oak cabinets, stainless steel appliances, and a convenient wet bar, creating an ideal space for everyday living and hosting guests. The large primary suite includes a generous walk-in closet and a full bath for added comfort. Residents enjoy easy access to the community park and tranquil wate

$270,000

3 beds2 baths1,407 sq ft

504 Eastlake Dr SE, Rio Rancho, NM 87124

Gas fireplace • Covered patio • Private courtyard

Property at 9227 Masini Ln NW, Albuquerque, NM 87114, 3 beds, 2 baths

$395,000

3 beds2 baths1,856 sq ft

9227 Masini Ln NW, Albuquerque, NM 87114

Property at 3213 Sue Cir SE, Rio Rancho, NM 87124, 4 beds, 3 baths

$449,000

4 beds3 baths2,646 sq ft

3213 Sue Cir SE, Rio Rancho, NM 87124

Property at 1809 34th St SE, Rio Rancho, NM 87124, 3 beds, 3 baths

$415,000

3 beds3 baths2,168 sq ft

1809 34th St SE, Rio Rancho, NM 87124

Property at 4815 Leon Grande Ave SE, Rio Rancho, NM 87124, 3 beds, 2 baths

$355,000

3 beds2 baths1,661 sq ft

4815 Leon Grande Ave SE, Rio Rancho, NM 87124

Property at 963 Benjamin Dr SE, Rio Rancho, NM 87124, 3 beds, 2 baths

$305,000

3 beds2 baths1,280 sq ft

963 Benjamin Dr SE, Rio Rancho, NM 87124

Property at 1344 Grande Blvd SE Apt G, Rio Rancho, NM 87124, 2 beds, 2 baths

$185,000

2 beds2 baths1,140 sq ft

1344 Grande Blvd SE Apt G, Rio Rancho, NM 87124

Property at 1532 Rawhide Loop NE, Rio Rancho, NM 87144, 3 beds, 2 baths

$411,900

3 beds2 baths8,276 sq ft

1532 Rawhide Loop NE, Rio Rancho, NM 87144

Property at 1616 Saddleback Trl NE, Rio Rancho, NM 87144, 3 beds, 2 baths

$372,900

3 beds2 baths1,293 sq ft

1616 Saddleback Trl NE, Rio Rancho, NM 87144

Property at 4023 Diablo Trail Pl NW, Albuquerque, NM 87114, 3 beds, 2 baths

$315,000

3 beds2 baths1,390 sq ft

4023 Diablo Trail Pl NW, Albuquerque, NM 87114

Property at 1508 Ag Pl SE, Rio Rancho, NM 87124, 3 beds, 2 baths

$423,500

3 beds2 baths2,216 sq ft

1508 Ag Pl SE, Rio Rancho, NM 87124

Property at 1301 Rio Rancho Dr SE Apt B, Rio Rancho, NM 87124, 2 beds, 2 baths

$250,000

2 beds2 baths1,514 sq ft

1301 Rio Rancho Dr SE Apt B, Rio Rancho, NM 87124

Property at 12th (u8 B9 L141) St SW #8, Rio Rancho, NM 87124

$39,400

— beds— baths— sq ft

12th (u8 B9 L141) St SW #8, Rio Rancho, NM 87124

Property at 3rd (u2 B3 L50) Ave SW, Rio Rancho, NM 87124

$4,000

— beds— baths— sq ft

3rd (u2 B3 L50) Ave SW, Rio Rancho, NM 87124

Property at 4076 Aloe Cir NE, Rio Rancho, NM 87144

$125,000

— beds— baths— sq ft

4076 Aloe Cir NE, Rio Rancho, NM 87144

Cheap Homes for Sale in 87048

There are currently 19 cheap homes for sale in 87048 at a median listing price of $925K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 87048 stay on the market for 83 days. This map is refreshed with the newest listings in 87048 every 15 minutes.

In the past month, 7 homes have been sold in 87048. In addition to houses in 87048, there was also 1 condo, 1 townhouse, and 1 multi-family unit for sale in 87048 last month. Find your dream home in 87048 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 87048 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 87048. If you're looking to sell your home in the 87048 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 87048 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 87048, NM

Cities

Nearby Zip Codes

Nearby Zip Codes with Cheap Homes

Nearby Cities with Cheap Homes

More to explore in 87048, NM

How to buy a house in 87048, 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.