Cheap homes for sale & real estate in 88232, NM

23 homes

Sort:

Recommended

NEW 17 HRS AGO

ABOUT THIS HOME
Cheap Home for sale in 88232, NM:
Duplex apartments with a separate studio apartment in back. Live in one while having rental income from the other two dwellings. Some upgrades have been done through out the years. The property consists of a 2 bedroom, 1 bedroom and a studio apartment. Conveniently located in Hagerman, between Artesia and Roswell.

$146,000

4 beds3 baths1,426 sq ft

400 S Manchester Ave, Hagerman, NM 88232

Upgrades • Rental income • Conveniently located

FLOOR PLAN

ABOUT THIS HOME
Cheap Home for sale in 88232, NM:
Welcome to this beautiful updated 867 sq. ft. home. Offering a modern feel, with efficient mini-split system. Recent improvements include new, flooring, fresh paint, new siding, new metal roof and a styling metal fence. Low outside maintenance! This property is move in ready and waiting for you to make it yours!

$160,000

3 beds1 bath875 sq ft

604 W Washington St, Hagerman, NM 88232

New metal roof • Mini-split system • Fresh paint

ABOUT THIS HOME
Cheap Home for sale in 88232, NM:
Enjoy country living with room to breathe on this 7-acre property in Hagerman. This 4-bedroom, 2-bath home features an open-concept kitchen and living area, creating a comfortable and functional layout. An oversized bonus space offers endless possibilities for extra living, work, or play. Additional highlights include a covered carport with enclosed entry and a workshop/storage building. With plenty of land and opportunity, this property is ready for its next chapter. Property Is being sold as-is.

$199,000

4 beds2 baths1,716 sq ft

452 Petree Rd, Hagerman, NM 88232

Open-concept kitchen • Covered carport • 7-acre property

ABOUT THIS HOME
Cheap Home for sale in 88232, NM:
OWNER FINANCING AVAILABLE ON COUNTRY ACREAGE! This 40+/- acres has some of the best views in the valley with antelope being frequent visitors. Beautiful property with plenty of room to build, play or almost anything you can dream up. Own a piece of the country yourself.

$70,000

Land40.00 acres (lot)

130 Des Moines, Hagerman, NM 88232

Room to build

ABOUT THIS HOME
Cheap Home for sale in 88232, NM:
OWNER FINANCING AVAILABLE: COUNTRY PROPERTY AVAILABLE This property has some of the best views in the valley, with antelope being frequent visitors. Beautiful property with plenty of room to build, play, or almost anything you can dream up. Own a piece of the country yourself. A Buyer can also assume the current Owner Financing Loan on the property with a reasonable down payment.

$55,000

Land40.00 acres (lot)

39 Chickisaw RD Rd, Hagerman, NM 88232

Listed 39 days

$320,000

Land160.00 acres (lot)

0, Hagerman, NM 88232

Property at 0 Buffalo Valley Rd, Hagerman, NM 88232

$161,000

Land161.00 acres (lot)

0 Buffalo Valley Rd, Hagerman, NM 88232

Property at E Morgan, Hagerman, NM 88232

$60,000

Land40.00 acres (lot)

E Morgan, Hagerman, NM 88232

Property at 445 Choctaw Rd, Hagerman, NM 88232

$82,500

Land7.12 acres (lot)

445 Choctaw Rd, Hagerman, NM 88232

Property at 1 Norte Vista Loop, Hagerman, NM 88232

$32,000

Land8,276 sq ft (lot)

1 Norte Vista Loop, Hagerman, NM 88232

Property at 363 Old Yo Crossing St, Hagerman, NM 88232

$69,500

Land40.00 acres (lot)

363 Old Yo Crossing St, Hagerman, NM 88232

Property at 386 Des Moines Rd St, Hagerman, NM 88323

$69,500

Land40.00 acres (lot)

386 Des Moines Rd St, Hagerman, NM 88323

Property at 804 Chickasaw St, Hagerman, NM 88232

$69,500

Land40.00 acres (lot)

804 Chickasaw St, Hagerman, NM 88232

Property at 378 Des Moines Rd St, Hagerman, NM 88323

$69,500

Land40.00 acres (lot)

378 Des Moines Rd St, Hagerman, NM 88323

Property at 364 Des Moines Rd St, Hagerman, NM 88323

$69,500

Land40.00 acres (lot)

364 Des Moines Rd St, Hagerman, NM 88323

Property at 363 Des Moines Rd St, Hagerman, NM 88323

$69,500

Land40.00 acres (lot)

363 Des Moines Rd St, Hagerman, NM 88323

Property at 377 Des Moines Rd St, Hagerman, NM 88323

$69,500

Land40.00 acres (lot)

377 Des Moines Rd St, Hagerman, NM 88323

Property at 376 Des Moines Rd St, Hagerman, NM 88323

$69,500

Land40.00 acres (lot)

376 Des Moines Rd St, Hagerman, NM 88323

Property at 361 Des Moines Rd St, Hagerman, NM 88323

$69,500

Land40.00 acres (lot)

361 Des Moines Rd St, Hagerman, NM 88323

Property at 806 Chickasaw St, Hagerman, NM 88232

$69,500

Land40.00 acres (lot)

806 Chickasaw St, Hagerman, NM 88232

Property at 360 Des Moines Rd St, Hagerman, NM 88323

$69,500

Land40.00 acres (lot)

360 Des Moines Rd St, Hagerman, NM 88323

$40,000

Land20.00 acres (lot)

0, Hagerman, NM 88232

Property at 132 Des Moines, Hagerman, NM 88232

$80,000

Land40.00 acres (lot)

132 Des Moines, Hagerman, NM 88232

Viewing page 1 of 1

Cheap Homes for Sale in 88232

There are currently 23 cheap homes for sale in 88232 at a median listing price of $160K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 88232 stay on the market for 32 days. This map is refreshed with the newest listings in 88232 every 15 minutes.

In the past month, 1 home has been sold in 88232. In addition to houses in 88232, there were also 0 condos, 0 townhouses, and 1 multi-family unit for sale in 88232 last month. Find your dream home in 88232 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 88232 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 88232. If you're looking to sell your home in the 88232 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 88232 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 88232, NM

Cities

Nearby Zip Codes

Nearby Zip Codes with Cheap Homes

Nearby Cities with Cheap Homes

More to explore in 88232, NM

How to buy a house in 88232, 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

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.