Cheap homes for sale & real estate in 88316, NM

17 homes

Sort:

Recommended

ABOUT THIS HOME
Cheap Home for sale in 88316, NM:
This 5 bedroom, 3 bathroom spacious home has modern comforts and great views--this one checks all the boxes! Enjoy stunning mountain views from the back deck, perfect for relaxing or entertaining. Inside, you'll love the spacious kitchen featuring stainless steel appliances and pantry. Additional highlights include a metal roof and a handy workshop--ideal for projects, storage or game room.

$399,000

5 beds3 baths2,880 sq ft

112 Mt Ter, Capitan, NM 88316

Metal roof • Spacious kitchen • Back deck

ABOUT THIS HOME
Cheap Home for sale in 88316, NM:
This well-built home offers the best of both worlds: convenient proximity to town with genuine privacy and lovely views. Priced to sell and ready for immediate occupancy. The residence features 3 bedrooms, 2 bathrooms, and more than 3,000 square feet of living space. The property spans over 4.5 acres, with a substantial portion fully fenced and well-suited for animals.

$325,000

3 beds2 baths3,044 sq ft

120 Lookout Peak Rd, Capitan, NM 88316

Genuine privacy • 4.67 acre lot • Built 1985

ABOUT THIS HOME
Cheap Home for sale in 88316, NM:
Find your own slice of mountain life on this unique 2.2-acre property in Capitan, offering space, privacy, and beautiful views of the Capitan Mountains. Two charming tiny cabins create a cozy mountain retreat, while two RV hookups provide additional flexibility for guests, family, or visitors. One hookup offers full utilities, and the second includes electric service. A 64 sq. ft. building provides extra storage or could be used as a laundry or utility space. Enjoy the freedom to create your own mountain getaway, weekend retreat, or homestead-inspired escape. With plenty of room to make it your own, this is a property full of possibilities in a small town with big potential!

$139,000

2 beds2 baths364 sq ft

8378 U.s. 380, Capitan, NM 88316

Full utilities • Extra storage • 2.2-acre property

ABOUT THIS HOME
Cheap Home for sale in 88316, NM:
84x17 Solitaire singlewide on 9+ acres in a sweet hideaway in Capitan. Level land with some trees hides the home from the road and would be great for horses. The home is not far from Hwy 380 and minutes from downtown Capitan. Seller has removed all flooring so you have the option of picking out your own flooring in this spacious one level home. The split floorplan makes way for privacy when you have guests over or if your kids are on their iPad studying up late at night you still get a good nights rest. The home has a very nice size laundry room, pantry in the kitchen and large windows keeping the home bright and cheery. No need to worry about warm days in the summer because this home has c

$210,000

3 beds2 baths1,428 sq ft

220 Bancroft Rd, Capitan, NM 88316

9 acres • Not far from hwy 380 • Level land

ABOUT THIS HOME
Cheap Home for sale in 88316, NM:
Charming 1930 two-story home in the heart of Capitan! This 1,341 sq. ft. fixer-upper offers 4 bedrooms, 1 bath, and endless potential for restoration or investment. Original wood floors add character, while the kitchen and bathroom feature tile flooring. Outside, you'll find several outbuildings providing excellent storage or workshop space, including one formerly used as a pottery studio--perfect for artists, hobbyists, or a home business. A greenhouse offers additional possibilities for gardening enthusiasts. Conveniently located directly across from the Capitan Library, this property is full of historic charm and waiting for someone to bring it back to life. Don't miss this unique opport

$120,000

4 beds1 bath1,341 sq ft

103 E 2nd St, Capitan, NM 88316

Outbuildings • Pottery studio • Original wood floors

Property at 311 S Nogal Ave, Capitan, NM 88316, 1 bed, 1 bath

$75,000

1 bed1 bath860 sq ft

311 S Nogal Ave, Capitan, NM 88316

Property at 203 Main Rd, Ruidoso, NM 88316, 3 beds, 2 baths

$99,000

3 beds2 baths1,504 sq ft

203 Main Rd, Ruidoso, NM 88316

Property at 109 Judea Ct, Capitan, NM 88316, 3 beds, 2 baths

$439,450

3 beds2 baths2,511 sq ft

109 Judea Ct, Capitan, NM 88316

Property at 160 Main Rd, Capitan, NM 88316, 3 beds, 2 baths

$225,000

3 beds2 baths1,296 sq ft

160 Main Rd, Capitan, NM 88316

Property at 252 Bancroft Rd, Capitan, NM 88316, 3 beds, 2 baths

$259,000

3 beds2 baths1,815 sq ft

252 Bancroft Rd, Capitan, NM 88316

Property at 130 Lookout Peak Rd, Capitan, NM 88316, 4 beds, 2 baths

$435,000

4 beds2 baths2,388 sq ft

130 Lookout Peak Rd, Capitan, NM 88316

Property at 2099 NM State Highway 48, Capitan, NM 88316, 1 bed, 1 bath

$250,000

1 bed1 bath700 sq ft

2099 NM State Highway 48, Capitan, NM 88316

Property at 0 Laughing Horse Trl, Capitan, NM 88316

$25,000

Land1.11 acres (lot)

0 Laughing Horse Trl, Capitan, NM 88316

Property at 11 Cumbres, Roswell, NM 88201

$16,000

Land1.29 acres (lot)

11 Cumbres, Roswell, NM 88201

Property at 109 Crest View Rd, Capitan, NM 88316

$72,500

Land1.35 acres (lot)

109 Crest View Rd, Capitan, NM 88316

Property at TRACT 3 Hwy 37, Angus, NM 88316

$299,000

Land29.44 acres (lot)

TRACT 3 Hwy 37, Angus, NM 88316

Property at 170 West Grandview Rd, Capitan, NM 88316

$50,000

Land2.93 acres (lot)

170 West Grandview Rd, Capitan, NM 88316

Viewing page 1 of 1

End of results

Nearby homes that match your criteria

3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in 88316, NM:
Built in 2012, this 3-bedroom, 2-bathroom mountain home sits on over 2/3 of an acre across two separate lots. The property features fresh exterior paint, a metal roof, air conditioning, and 360-degree views of the surrounding mountains, valleys, and the Village of Ruidoso. Inside, the open floorplan offers tongue-and-groove pine ceilings, recessed lighting, and a central floor-to-ceiling stone fireplace. The kitchen includes a large tile-top island, solid wood cabinets, and stainless steel appliances, with direct access to the covered deck. Complete with a large gravel driveway and generous parking.

$448,900

3 beds2 baths1,508 sq ft

111 Pine Shadow Trl, Ruidoso, NM 88345

Air conditioning • Solid wood cabinets • Metal roof

ABOUT THIS HOME
Cheap Home for sale in 88316, NM:
Move-in Ready One Level 3 Bedroom 2 Bath Condo inside Palisades Condominiums. Level Access, Wood Flooring throughout the Large Open Living Area. Vaulted Beams, Fully Furnished. Brick Fireplace, Granite Countertops, private patio. Turn key Convenient Location.

$239,000

3 beds2 baths1,662 sq ft

704 White Mountain Dr #8, Ruidoso, NM 88345

Wood flooring • Brick fireplace • Private patio

ABOUT THIS HOME
Cheap Home for sale in 88316, NM:
Welcome to this inviting 4-bedroom, 3-bath condo nestled in the scenic mountain community of Alto. Offering approximately 1,660 sq. ft. of comfortable living space, this updated two-story home features an open floor plan, a warm wood-burning fireplace, and a blend of carpet, laminate, and tile flooring. Enjoy peaceful mountain and wooded views from the balcony and deck, surrounded by the natural beauty of the Alto area. The property includes convenient public utilities, assigned paved parking, and access to community amenities including a tennis court. With its spacious layout and desirable mountain setting, this furnished retreat offers an excellent opportunity for a full-time residence, v

$299,000

4 beds3 baths1,660 sq ft

102 Thunder Mountain Ct, Alto, NM 88312

Tennis court • Community amenities • $411 HOA

ABOUT THIS HOME
Cheap Home for sale in 88316, NM:
Well maintained 2 bedroom, 2 bath Manufactured home With covered front porchchain link fence surrounds the home. Covered Carport. Located in Pine Terrace Estates. Lot fee $575.00 per month that covers water sewer and trash. LAND DOES NOT CONVEY.

$66,000

2 beds2 baths924 sq ft

Undisclosed address, Ruidoso, NM 88345

Covered front porch • Covered carport • Chain link fence

ABOUT THIS HOME
Cheap Home for sale in 88316, NM:
Mountain Getaway in Ruidoso, NM! ''A Jewel in North Heights Park''. 3 BDRMS, 2 1/2 BA. Approx. .36 of an acre. Per Appraiser approx. 2,265 sqft. Views. .. mountain ranges, towering trees & lots of Elk, Deer Horses & a wide variety of birds. Fenced yard. Covered Carport. Great parking. Outside large, open Deck. ''Fully Furnished'' Gas log Fireplace. Large Kitchen w/ Island, lots of cabinets and Dining Room area with lots of natural light. Bonus room is the library. Main level, large bedroom, bathroom & large closet. Second level 2 attractive bedrooms with one full bath. Tasteful landscaping; plantings, rock walkways, numerous spots for sitting and relaxing. Many new win

$417,500

3 beds2.5 baths2,265 sq ft

307 College Dr, Ruidoso, NM 88345

Fenced yard • Covered carport • Bonus room

ABOUT THIS HOME
Cheap Home for sale in 88316, NM:
Unique opportunity with TWO updated homes on one property! The first is a spacious 14x80 single-wide featuring 2 bedrooms, 2 baths, and a convenient one-car carport. The second is an approximately 500 sq. ft. site-built home offering 1 bedroom and 1 bath. This versatile property offers excellent rental income potential--live in one home and rent the other, or use both as income-producing rentals. Granite counter tops in cabin, new windows & stove also! Two separate storage sheds provide plenty of extra space for tools, equipment, and belongings. Enjoy well built treated redwood decks with gorgeous views. Both homes updated and multiple living arrangements possible, this property is a

$308,000

3 beds3 baths1,600 sq ft

170 Screaming Eagle Dr, Alto, NM 88312

New stove • Redwood decks • Gorgeous views

Property at 106 Tombstone Ct, Alto, NM 88312, 3 beds, 2 baths

$275,000

3 beds2 baths1,360 sq ft

106 Tombstone Ct, Alto, NM 88312

Property at 117 Eagle Crest Trl, Nogal, NM 88341, 3 beds, 2.5 baths

$250,000

3 beds2.5 baths2,013 sq ft

117 Eagle Crest Trl, Nogal, NM 88341

Property at 406 Sunny Slope Dr #5, Ruidoso, NM 88345, 2 beds, 1.5 baths

$197,000

2 beds1.5 baths906 sq ft

406 Sunny Slope Dr #5, Ruidoso, NM 88345

Property at 205 Racquet Dr Unit 5A, Ruidoso, NM 88345, 3 beds, 2.5 baths

$375,000

3 beds2.5 baths1,528 sq ft

205 Racquet Dr Unit 5A, Ruidoso, NM 88345

Property at 207 Del Norte Dr, Ruidoso, NM 88345, 3 beds, 2 baths

$249,000

3 beds2 baths1,723 sq ft

207 Del Norte Dr, Ruidoso, NM 88345

Property at 340 Fort Stanton Rd, Alto, NM 88312, 3 beds, 2 baths

$435,000

3 beds2 baths1,712 sq ft

340 Fort Stanton Rd, Alto, NM 88312

Property at 104 Don Snyder Dr, Ruidoso, NM 88345, 3 beds, 2.5 baths

$387,500

3 beds2.5 baths2,258 sq ft

104 Don Snyder Dr, Ruidoso, NM 88345

Property at 103 Wild Onion Run, Alto, NM 88312

$65,000

Land0.67 acre (lot)

103 Wild Onion Run, Alto, NM 88312

Property at 204 Via Aguila, Ruidoso, NM 88345

$70,000

Land0.50 acre (lot)

204 Via Aguila, Ruidoso, NM 88345

Property at 198 Crown Ridge Rd, Alto, NM 88312

$25,000

Land0.46 acre (lot)

198 Crown Ridge Rd, Alto, NM 88312

Property at 19B Lincoln Hills Dr #2, Alto, NM 88312

$230,000

Land1.32 acres (lot)

19B Lincoln Hills Dr #2, Alto, NM 88312

Property at 261 Deer Park Dr, Alto, NM 88312

$100,000

Land0.94 acre (lot)

261 Deer Park Dr, Alto, NM 88312

Property at 159 Altamira Dr Unit 1-A, Alto, NM 88312

$129,500

Land5.00 acres (lot)

159 Altamira Dr Unit 1-A, Alto, NM 88312

Property at 117 Tanglewood Dr, Alto, NM 88312

$58,000

Land0.26 acre (lot)

117 Tanglewood Dr, Alto, NM 88312

Cheap Homes for Sale in 88316

There are currently 17 cheap homes for sale in 88316 at a median listing price of $432K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 88316 stay on the market for 210 days. This map is refreshed with the newest listings in 88316 every 15 minutes.

In the past month, 2 homes have been sold in 88316. In addition to houses in 88316, there were also 0 condos, 0 townhouses, and 1 multi-family unit for sale in 88316 last month. Find your dream home in 88316 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 88316 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 88316. If you're looking to sell your home in the 88316 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 88316 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 88316, NM

More to explore in 88316, NM

How to buy a house in 88316, 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.

Cheap homes for sale & real estate in 88316, NM

Cheap Homes for Sale in 88316

More real estate resources for 88316, NM

Nearby Zip Codes

Cities

Nearby Zip Codes with Cheap Homes

Nearby Cities with Cheap Homes

More to explore in 88316, NM

How to buy a house in 88316, NM

Popular Markets in New Mexico