Cheap homes for sale & real estate in 87124, NM

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ABOUT THIS HOME
Cheap Home for sale in 87124, NM:
Discover two spacious half-acre lots for sale in Rio Rancho, ideally located near growing residential development and modern conveniences. Each lot features City Water, Natural Gas, and Electricity already available, a huge advantage for builders and homeowners. Whether you're planning a custom site-built home or a manufactured home, these properties offer flexible options and fantastic long-term potential. Enjoy wide-open views, room for outdoor living, and easy access to schools, shopping, and commuter routes.

$145,000

— beds— baths— sq ft

725-801 8th St NE, Rio Rancho, NM 87124

Electricity • City water • Wide-open views

ABOUT THIS HOME
Cheap Home for sale in 87124, NM:
Amazing opportunity to own this spacious lot ready for development in Rio Rancho, conveniently located in the growing Heritage Hills area with quick access to shops and services while being in a quiet part of the city. Incredible views of the Sandia mountains and ranges in Sandoval County.

$95,000

— beds— baths— sq ft

1312 5th St SE, Rio Rancho, NM 87124

Spacious lot • 0.5 acre lot • Listed 35 days

ABOUT THIS HOME
Cheap Home for sale in 87124, NM:
Great half-acre lot located on a quiet cul-de-sac in Rio Rancho, surrounded by beautiful custom homes. Just minutes from Rust Medical Center and placed in a rapidly growing part of the city, this property offers both convenience and long-term potential. Electricity and natural gas are already available to the site, while a well and septic will be needed for development. Whether you're looking to build your dream home or invest in one of Rio Rancho's most promising areas, this lot is an excellent opportunity.

$144,000

— beds— baths— sq ft

1927 Crane Pl SE, Rio Rancho, NM 87124

Half-acre lot • Custom homes • Quiet cul-de-sac

ABOUT THIS HOME
Cheap Home for sale in 87124, NM:
Great opportunity to own land and build a custom home in an up and coming area. Make an offer, don't miss out on this one!

$80,000

— beds— baths— sq ft

321 11th Ave SE, Rio Rancho, NM 87124

Custom home • 1 acre lot • Listed 24 days

ABOUT THIS HOME
Cheap Home for sale in 87124, NM:
AMAZING LOCATION, OVERSIZED LOT (over 1.6 ACRES), AND POWER/GAS ON STREET. Most lots in the area are only . 5 acres. All custom houses in the area. Located off the newly finished Westside Blvd. Prime location being in one of the fastest growing spots in the city. Vargas road is mostly a paved road, for the short stretch that it is not, the city grates it often! Situated near Presbyterian Hospital center, Intel, Movie theater, and the new high end Market street that opened April 2025! This lot also falls in the award winning Rio Rancho school district. Only a few minutes from the new Joe Harries Elementary school. Take a drive and see all the growth happening NOW! Lot will need a well and se

$99,000

— beds— baths— sq ft

1104 Vargas Rd SE, Rio Rancho, NM 87124

Paved road • Oversized lot • 1.43 acre lot

Property at 509-517 Tulip Rd SE, Rio Rancho, NM 87124

$48,000

— beds— baths— sq ft

509-517 Tulip Rd SE, Rio Rancho, NM 87124

Property at 1205 Ventura Rd SE, Rio Rancho, NM 87124

$60,000

— beds— baths— sq ft

1205 Ventura Rd SE, Rio Rancho, NM 87124

Property at 1717 37th St SE, Rio Rancho, NM 87124

$12,000

— beds— baths— sq ft

1717 37th St SE, Rio Rancho, NM 87124

Property at 1304 Iglesia Rd SW, Rio Rancho, NM 87124

$55,000

— beds— baths— sq ft

1304 Iglesia Rd SW, Rio Rancho, NM 87124

Property at Lot 24 12th St SW, Rio Rancho, NM 87124

$25,000

— beds— baths— sq ft

Lot 24 12th St SW, 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 15th (u8 B3 L15) St NW #8, Rio Rancho, NM 87124

$26,300

— beds— baths— sq ft

15th (u8 B3 L15) St NW #8, Rio Rancho, NM 87124

Property at Hidalgo Rd SW, Rio Rancho, NM 87124

$24,000

— beds— baths— sq ft

Hidalgo Rd SW, Rio Rancho, NM 87124

Property at 15th (u8 B3 L18) St NW #8, Rio Rancho, NM 87124

$26,300

— beds— baths— sq ft

15th (u8 B3 L18) St NW #8, Rio Rancho, NM 87124

Property at 23rd St SW, Rio Rancho, NM 87124

$7,500

— beds— baths— sq ft

23rd St SW, Rio Rancho, NM 87124

Property at 3408 Calle Suenos Dr SE, Rio Rancho, NM 87124

$55,000

— beds— baths— sq ft

3408 Calle Suenos Dr SE, Rio Rancho, NM 87124

Property at 00 15th Ave SW, Rio Rancho, NM 87124

$30,000

— beds— baths— sq ft

00 15th Ave SW, Rio Rancho, NM 87124

Property at 305 Aldaba Cir NE, Rio Rancho, NM 87124

$149,900

— beds— baths— sq ft

305 Aldaba Cir NE, Rio Rancho, NM 87124

Property at U3 B6 L36 & 37 12th Ave SW, Rio Rancho, NM 87144

$4,250

— beds— baths— sq ft

U3 B6 L36 & 37 12th Ave SW, Rio Rancho, NM 87144

Property at 1100 N Northern (u11 Bw L 13a) Blvd NE #11, Rio Rancho, NM 87124

$48,000

— beds— baths— sq ft

1100 N Northern (u11 Bw L 13a) Blvd NE #11, Rio Rancho, NM 87124

Property at 1304 22nd St SW, Rio Rancho, NM 87124

$8,475

— beds— baths— sq ft

1304 22nd St SW, Rio Rancho, NM 87124

Property at 1312 Chino Pl SE, Rio Rancho, NM 87124

$85,000

— beds— baths— sq ft

1312 Chino Pl SE, Rio Rancho, NM 87124

Property at 40th St SW, Albuquerque, NM 87124

$10,000

— beds— baths— sq ft

40th St SW, Albuquerque, NM 87124

Property at 1309 11th St SW, Rio Rancho, NM 87124

$35,000

— beds— baths— sq ft

1309 11th St SW, Rio Rancho, NM 87124

Property at 21 2nd St NE, Albuquerque, NM 87124

$93,000

— beds— baths— sq ft

21 2nd St NE, Albuquerque, NM 87124

Property at 316 10th Ave NE, Rio Rancho, NM 87144

$55,000

— beds— baths— sq ft

316 10th Ave NE, Rio Rancho, NM 87144

Property at 1401 11th St Sw St SW, Rio Rancho, NM 87124

$35,000

— beds— baths— sq ft

1401 11th St Sw St SW, Rio Rancho, NM 87124

Property at XXX 13th Ave SW #3, Rio Rancho, NM 87124

$2,700

— beds— baths— sq ft

XXX 13th Ave SW #3, Rio Rancho, NM 87124

Property at U5 B28 L10 29th St SW, Rio Rancho, NM 87144

$25,975

— beds— baths— sq ft

U5 B28 L10 29th St SW, Rio Rancho, NM 87144

Property at 804 Acebo Rd NE, Rio Rancho, NM 87144

$90,000

— beds— baths— sq ft

804 Acebo Rd NE, Rio Rancho, NM 87144

Property at Lot 83 21st St SW, Rio Rancho, NM 87124

$10,000

— beds— baths— sq ft

Lot 83 21st St SW, Rio Rancho, NM 87124

Property at 1398 Southern Blvd SW, Rio Rancho, NM 87124

$47,575

— beds— baths— sq ft

1398 Southern Blvd SW, Rio Rancho, NM 87124

Property at U5 Block: 68 Lot: 46 (9th) Ave NW, Rio Rancho, NM 87124

$22,500

— beds— baths— sq ft

U5 Block: 68 Lot: 46 (9th) Ave NW, Rio Rancho, NM 87124

Property at 1505 Viga Pl SE, Rio Rancho, NM 87124

$88,000

— beds— baths— sq ft

1505 Viga Pl SE, Rio Rancho, NM 87124

Property at 0 31st St SE, Rio Rancho, NM 87124

$105,000

— beds— baths— sq ft

0 31st St SE, Rio Rancho, NM 87124

Property at 51st St Rio Rancho Estate Lot 19, Rio Rancho, NM 87124

$5,000

— beds— baths— sq ft

51st St Rio Rancho Estate Lot 19, Rio Rancho, NM 87124

Property at Lot 19 12th St SW, Rio Rancho, NM 87124

$25,000

— beds— baths— sq ft

Lot 19 12th St SW, Rio Rancho, NM 87124

Property at 412 Acicate Rd NE, Rio Rancho, NM 87124

$69,000

— beds— baths— sq ft

412 Acicate Rd NE, Rio Rancho, NM 87124

Property at Block 47 Lot 13 Unit 12, Albuquerque, NM 87124

$13,000

— beds— baths— sq ft

Block 47 Lot 13 Unit 12, Albuquerque, NM 87124

Property at 20th (u9 B49 L40) St SW #9, Rio Rancho, NM 87124

$29,000

— beds— baths— sq ft

20th (u9 B49 L40) St SW #9, Rio Rancho, NM 87124

Property at 320 10th Ave NE, Rio Rancho, NM 87144

$55,000

— beds— baths— sq ft

320 10th Ave NE, Rio Rancho, NM 87144

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Cheap Homes for Sale in 87124

There are currently 485 cheap homes for sale in 87124 at a median listing price of $392K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 87124 stay on the market for 74 days and receive 2 offers. This map is refreshed with the newest listings in 87124 every 15 minutes.

In the past month, 45 homes have been sold in 87124. In addition to houses in 87124, there were also 16 condos, 19 townhouses, and 7 multi-family units for sale in 87124 last month. Find your dream home in 87124 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 87124 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 87124. If you're looking to sell your home in the 87124 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 87124 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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