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Homes Under $500K in Rio Rancho

Search homes under $500,000 in Rio Rancho, New Mexico. This price range opens up move-in ready options across a wide variety of neighborhoods, styles, and sizes.

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Welcome to this beautifully custom-built Southwestern home, offering approximately 2,400 square feet of thoughtfully designed living space. Featuring 3 spacious bedrooms plus **two versatile office/flex rooms**, this home provides plenty of room for working from home, hobbies, crafts, or additional living space. Beautiful wood beams add warmth and character while complementing the home's distinctive Southwest style. Situated on a large lot, there is plenty of space to enjoy the outdoors and make the property your own. The **oversized 3-car garage** provides exceptional room for vehicles, storage, workshop space, or recreational toys. A unique blend of Southwestern charm, functionality, and generous space--this custom home is ready to welcome you!

4
BEDS
3
BATHS
2,400
SQFT
0.36
ACRES

Beautiful Luxury in a Welcoming Community! This stunning 4-bedroom home showcases the exceptional craftsmanship and thoughtful upgrades. Enjoy a friendly community with walking and biking paths, parks, and inviting outdoor spaces.Inside, soaring ceilings, elegant floor tile, and 8-foot doors create a bright, open, and sophisticated feel. The chef's kitchen is truly the heart of the home, featuring granite countertops, a tile backsplash, staggered cabinetry, stainless steel appliances, a 5-burner built-in gas cooktop with glass vent hood, smart wall oven with air-fryer function, modern pendant lighting, a spacious island, and a beautiful farmhouse sink.The pristine living spaces are designed for both everyday living and effortless entertaining. The spacious primary suite offers a luxurious tile walk-in shower complete with a rain shower feature. Additional thoughtful upgrades include a tankless water heater with recirculating pump for added efficiency and convenience.Step outside to a fully landscaped backyard, perfect for relaxing, entertaining, and enjoying New Mexico's beautiful outdoors. This exceptional home blends style, comfort, efficiency, and modern convenience in one fantastic package. Don't miss the opportunity to make this beautiful home yours!Ring Camera and front view security camera in use and conveys!

4
BEDS
2
BATHS
1,912
SQFT
0.11
ACRES

Welcome to the highly coveted River's Edge 1 neighborhood, offering convenient access to both Rio Rancho and Corrales, with nearby parks, walking paths, and trails just moments away. Inside, you're greeted by a wall of natural light drawing your eye to the three-tier backyard, set on just over a quarter acre with no rear neighbor, convenient side yard access, and added separation to the west thanks to the adjoining alley. Enjoy cooking on the induction stove surrounded by granite countertops and updated cabinetry while staying connected to guests in the adjoining dining room. Step into a light-filled flex space that sparks the imagination, whether you envision a coffee bar, wine room, sports lounge, or hobby space, with nearby plumbing offering room to bring your vision to life.Thoughtful updates including newer windows, flooring, refrigerated air, and water heater let you focus on simply enjoying the home!

3
BEDS
2
BATHS
1,977
SQFT
0.26
ACRES

This green-built residence features energy-efficient Low-E windows, a tankless water heater, and smart-home ready features designed for modern, comfortable living. Wide hallways open into an expansive great room that flows seamlessly into the gourmet kitchen and dining area -- perfect for everyday living and entertaining.The chef-inspired kitchen shines with a large granite island, farmhouse sink, convection oven, and a spacious walk-in pantry. The primary suite is a true retreat, offering a generous bedroom, luxurious floor-to-ceiling tiled shower, dual vanities, and a massive walk-in closet. You'll find abundant storage throughout the home. Cozy carpeting in the bedrooms keeps things soft underfoot, while durable tile in the main living areas delivers easy, low-maintenance living.Located in Rio Rancho, you'll enjoy some of the top-rated schools and strongest athletics programs in New Mexico, all within a rapidly growing community that continues to attract families seeking quality of life, and long-term value.

4
BEDS
2
BATHS
1,915
SQFT
0.14
ACRES

Located in the award winning Mariposa community offering an exceptional combination of space, privacy, and convenience. The thoughtfully planned layout and private walled courtyard create a peaceful setting that feels tucked away from neighboring homes.Inside, soaring ceilings, abundant recessed lighting, and wood-look tile flooring enhance the bright, open-concept living area. The spacious great room is centered around a warm fireplace and flows effortlessly into the dining area and beautifully appointed kitchen, complete with granite countertops, stainless-steel appliances, a gas cooktop, double ovens, generous cabinetry, and an oversized island with additional seating. A rare and versatile feature of this home is its two private primary suites, making it ideal for guests, multigenerational living, or anyone seeking additional separation and privacy. The main primary retreat includes a spacious bathroom with a soaking tub, separate walk-in shower, dual-sink vanity, and an impressive walk-in closet. Additional upgrades include a tankless water heater and recently sealed grout throughout the home.Outside, the brand-new built-in BBQ grill has never been used and is ready for its first cookout, adding even more appeal for entertaining and enjoying New Mexico's beautiful weather. For added convenience and peace of mind, the home also features a built-in Taexx system for ongoing pest and termite treatment.Best of all, the home is within walking distance of the Mariposa Community Center, where residents can enjoy indoor and outdoor pools, a fully equipped fitness center, movement studio, social spaces, parks, and nearby walking and biking trails. The Screaming Coyote restaurant is also just steps from the community center, making it easy to enjoy dinner and drinks close to home. This is more than a beautiful home it's an opportunity to enjoy the lifestyle and amenities that make Mariposa such a special place to live!

3
BEDS
3
BATHS
1,811
SQFT
0.1
ACRES

With 3 bedrooms, 3 bathrooms, and over 2,125 square feet plus an office , there's room to gather, room to unwind, and room to make everyday life your own. The spacious layout gives everyone a little breathing room while still offering those comfortable spaces where family and friends naturally come together. Step outside and enjoy a generous backyard with plenty of possibilities--morning coffee, weekend barbecues, evenings under the New Mexico sky, or simply a place to relax at the end of the day. Located in Rio Rancho with shopping, dining, schools, and everyday conveniences nearby, this isn't just a house--it's a place to settle in, make memories, and truly feel at home.

3
BEDS
3
BATHS
2,125
SQFT
0.19
ACRES

Welcome to the beautiful Savannah floor plan, featuring 4 bedrooms, 2.5 bathrooms, a 2-car garage, and a spacious primary suite conveniently located on the main level. This brand-new home offers a gorgeous kitchen with quartz countertops and modern gray cabinetry, ceramic tile throughout the main living areas with carpet only in the bedrooms, and a spacious primary bath featuring a 5-foot walk-in shower and double sinks. Enjoy a thoughtfully designed, energy-efficient home in a beautifully landscaped new-home community with stunning Sandia Mountain views. D.R. Horton offers an excellent new-home warranty, plus buyers may take advantage of special financing opportunities when using DHI Mortgage and receive up to $7,000 toward closing costs. Come tour the Savannah and discover everything this beautiful new home has to offer!

4
BEDS
3
BATHS
2,078
SQFT
0.14
ACRES

Discover this stunning 5-bedroom, 3-bath home, thoughtfully designed for modern living. Enjoy the flexibility of 2 dedicated flex rooms-one downstairs with elegant French doors and another upstairs featuring charming barn doors, perfect for a home office, gym or creative space.Step inside to find luxurious vinyl plank flooring flowing throughout the entire first floor, stairs, hallway, loft, laundry room and all wet areas. The kitchen is a chef's delight, equipped with sleek, all-black Whirlpool appliances and granite countertops.Experience significant savings with solar panels that keep your electric bill incredibly low, typically only having to pay the taxes of around $22/mo. This home has an assumable 2.75% VA Loan(No PMI), offering a fantastic financial opportunity. The fully landscaped backyard is an entertainer's dream, boasting a seasoned garden that yields fresh, juicy grapes every year, complete with convenient drip irrigation on all greenery. The hot tub and storage shed are included, ready for you to move in and enjoy!

5
BEDS
3
BATHS
2,516
SQFT
0.12
ACRES

Welcome to this super spacious Southwest-style home in a fantastic, calm, and quiet Rio Rancho neighborhood next to great schools. Enjoy abundant natural light and an open floor plan in this ready-to-move-in property.The main level features a chef-inspired kitchen with abundant cabinetry, quartz countertops, a large island, new stainless-steel microwave, and gas stove. You'll also find a breakfast nook, formal dining room, formal living room, and an additional family room.Wood-floor stairs lead to the second level and a large loft ideal as a rec room, exercise space, or study. The spacious primary bedroom easily accommodates all your furniture, complemented by three additional generously sized bedrooms.Outside, the spacious backyard offers plenty of green space, shade, and low-maintenance living--perfect for family gatherings and entertaining.Don't miss this opportunity to own a truly spacious home in a peaceful, convenient location. Schedule your showing today!

4
BEDS
3
BATHS
3,079
SQFT
0.14
ACRES

Welcome to the desirable Cabezon community where you can make this stunning property your new home and has no HOA. The moment you walk up to the front door and enter the foyer, you will notice the open floor plan with raised ceilings, 2 living areas, a cozy fireplace, open kitchen perfect for entertaining. Kitchen comes with stainless steel appliances, pantry, breakfast nook. The layout includes 4 bedrooms, a luxurious primary suite, with garden tub, and a split design for privacy. Conveniently located near Cabezob Park, shopping and entertainment.

4
BEDS
2
BATHS
2,054
SQFT
0.15
ACRES

Welcome to this beautifully designed Pulte home in the highly desirable Mariposa community! Offering approximately 2,185 square feet, this spacious single-story Darden floorplan features 3 bedrooms, 2 bathrooms, multiple living areas, and a dedicated office space.The modern kitchen is the heart of the home, featuring upgraded cabinetry, granite countertops, a stylish backsplash, stainless steel built-in oven and microwave, gas cooktop, pantry, and a large center island with additional seating. The open-concept design flows seamlessly into the dining and main living areas, creating an inviting space for everyday living and entertaining.A built-in office with desk and storage provides a convenient work-from-home space, while French doors separate the additional front living area--perfect for a game room, sitting area, media space, or flex room.The spacious primary suite offers plenty of room for a sitting area and includes a private bath with an oversized granite vanity, dual sinks, walk-in shower, and generous walk-in closet.Enjoy outdoor living in the fully walled backyard with a covered patio. Mariposa residents also enjoy access to exceptional community amenities, including a pool, fitness center, community trails, and more!

3
BEDS
2
BATHS
2,185
SQFT
0.15
ACRES

Ask about interest rate buy down & closing cost assistance. This DR HORTON home offers a bright open-concept floorplan with 4 spacious bedrooms and 2 modern bathrooms. Quartz countertops and natural light brown cabinets with an island and grand pantry. Built in stainless appliances and luxury upgrades throughout. Peace of mind comes with builder warranties. Don't miss your chance to own new construction in Lomas Encantadas. Close to Enchanted Hills restaurants, entertainment and shopping, quick access to i-25. Walking trails, open space, dog park and even pickleball court! (home still doing touchups so photos are of previous model with similar features) Open house everyday. Completion expected early August. Tons of upgrades in home like 8 ft doors and 3 panel sliding glass door to patio . Home open daily just stop by builder model home.

4
BEDS
2
BATHS
1,697
SQFT
0.15
ACRES

Seller is offering a $12,000 credit that may be applied toward an interest-rate buydown, closing costs, or prepaids--giving buyers the opportunity to make this exceptional home even more affordable!Rare opportunity to own the sought-after Siena floor plan in Los Diamantes! Formerly a model home, this move-in-ready 2022 build offers a floor plan no longer available through the builder, along with thoughtful upgrades throughout. Offering 2,479 sq. ft., the home features 4 bedrooms, 3 full baths, a wide staircase, and a versatile upstairs loft. The spacious primary suite features a generous walk-in closet. Additional highlights include surround sound, fully landscaped front and back yards, and all kitchen and laundry appliances conveying.

4
BEDS
3
BATHS
2,479
SQFT
0.11
ACRES

Great location in mature growing area! Conveniently located close to Corrales, and the Enchanted Hills shopping area. Close proximity to Hwy 550 into Bernalillo. 4-bedroom two bath with fenced in 1/2-acre lot. Property has fantastic potential and perfect for putting your own ideas to it. Property is SOLD AS IS........

4
BEDS
2
BATHS
1,673
SQFT
0.5
ACRES

Priced to sell today, this exceptional 4-bedroom home with a dedicated office offers an incredible opportunity to purchase with the potential for instant equity. The grand open-concept living area is perfect for entertaining, while the spacious loft offers endless possibilities as a second living room, game room, or hobby space. The gourmet kitchen features a large granite island, stainless steel appliances, and ample storage. Relax by the cozy gas log fireplace or enjoy the fresh feel of brand-new carpet throughout. The private primary suite is conveniently located downstairs, and the oversized 2.5-car garage provides plenty of room for vehicles, storage, or a workshop. Conveniently located near parks, pools, stores, and restaurants, you do not want to miss this exceptional value!

4
BEDS
4
BATHS
2,785
SQFT
0.14
ACRES

Open House - Aug. 8th 10am-1:30pm. Welcome to this immaculately maintained home in one of Rio Rancho's growing and desirable communities! Situated on a spacious half-acre lot, this property offers backyard access with plenty of room for RVs, trailers, recreational toys, or future projects.Inside, you'll find a bright and inviting four bedroom, two bath floor plan featuring pitched ceilings, abundant natural light, and a two car garage. Recent upgrades include laminate flooring throughout with no carpet, Don's high-efficiency argon-gas windows and sliding glass doors, newer kitchen countertops and sink, stove and dishwasher, plumbing fixtures and faucets, garage door opener, a six-month-old water heater, and elastomeric exterior stucco paint.Move in ready and full of value! No HOA and no​​‌​​​​‌​​‌‌​​‌​​​‌‌​‌‌‌​‌​​​​‌‌​​‌‌​​‌​ PID.

4
BEDS
2
BATHS
1,893
SQFT
0.5
ACRES
$469,000
-20,900$ 08/18

******** MOTIVATED SELLER ************.31 acre mountain view large lot with possible backyard access. Enjoy this 4 bedroom 3 bath home open light and bright. 3 living areas allow lots of space for your growing families needs. 2 car garage and endless possibilities. Back yard ready for your new pool. Seller has a assumable VA loan at 4.875% check with your lender on your clients options.. Seller financing is also available at 5.75% with 20% down amortized over 30 years. Balloon term is negotiable.

4
BEDS
3
BATHS
2,475
SQFT
0.31
ACRES

Come and take a look now, at this beautiful 3-bedroom 2 bath home with a beautiful, updated kitchen, stainless steel appliances, refrigerated air, laminate wood flooring, lots of space, 2 bonus rooms, solar panels, Generac backup generator, fully automatic gate for your extra-large covered RV parking, 2 car garage with a carport, 2 sheds, front covered patio, close to shopping and schools, definitely a must see.

3
BEDS
2
BATHS
2,023
SQFT
0.25
ACRES

This one truly has it all! Beautifully updated and move in ready, this Rio Rancho home offers the kind of features today's buyers are searching for including a remodeled kitchen with granite countertops, custom cabinetry, stainless steel appliances, and a gas range, plus refrigerated air, a pellet stove in the den, newer roof, new stucco, fresh paint, and so much more.Step outside and you'll immediately see what makes this home stand out. The oversized covered patio is perfect for entertaining, relaxing, or enjoying New Mexico evenings year-round, and the backyard drive-in access provides room for RV parking, boats, or ATVs. The workshop offers incredible flexibility as an added garage and workspace, while the upgraded Tuff shed with mini split heating and cooling is ideal for a home office, hobby room, studio, or creative escape.Located near Rio Rancho's walking trails, shopping, and dining, this home combines comfort, convenience, and functionality in all the right ways. If you're looking for a home with RV access, workshop space, covered patio, outdoor entertaining space, and quality upgrades, this one is definitely worth a look.

3
BEDS
2
BATHS
1,530
SQFT
0.27
ACRES
$469,950
-4,950$ 08/13

🏡 RIO RANCHO UNICORN! Opportunities like this don't come around often! Situated on a hard-to-find 1/2-acre lot with backyard access, this beautifully maintained 4-year-old DR Horton ''Harmony'' floor plan offers the perfect combination of modern living, space, and freedom--with NO HOA and NO PID!From the moment you arrive, you'll appreciate the peaceful setting and the privacy provided by the fully walled property. You'll especially love the convenient location, the spacious primary suite, and the warm, cozy feeling that truly makes this house feel like home.Inside, the open-concept floor plan is designed for both everyday living and entertaining. The chef-inspired kitchen features granite countertops, a large center island with seating, stainless steel built-in oven and microwave, a gas cooktop with vent hood, stylish tile backsplash, and abundant cabinet space. The split-bedroom layout provides added privacy, while the spacious primary suite offers a relaxing retreat at the end of the day.Step outside to discover the endless possibilities that come with nearly 1/2 acre of land. The fully walled backyard offers exceptional privacy, and with convenient backyard access, there's plenty of room for an RV, trailer, recreational vehicles, a workshop, pool, future casita, or simply space to enjoy the outdoors.Conveniently located just minutes from shopping, restaurants, grocery stores, parks, and everyday amenities, this home offers the perfect balance of peaceful living and easy access to everything you need.Large lots, backyard access, NO HOA, NO PID, and a home that's only four years old are becoming increasingly difficult to find in Rio Rancho. This rare ''unicorn'' won't last long--schedule your private showing today!

3
BEDS
2
BATHS
1,759
SQFT
0.48
ACRES

This spacious home offers an incredible opportunity to create your dream property with just a little TLC! Ideally located within walking distance of the Bosque, you'll enjoy the beauty of nature while still being close to everyday conveniences.Car enthusiasts and hobbyists will appreciate the oversized 3-car garage featuring an epoxy-coated floor, plus a planked and lighted attic above for abundant storage. The kitchen is equipped with granite countertops, quality Merillat cabinetry, and a gas range, opening to a spacious living area with a cozy fireplace--perfect for entertaining or relaxing.The thoughtfully designed floor plan includes a Jack-and-Jill bathroom connecting the secondary bedrooms, while the generous primary suite features a walk-in closet, jetted soaking tub, and separate shower. Additional highlights include refrigerated air, a flat tile roof, wiring for an alarm system and surround sound in the living room, and a large covered patio overlooking a beautifully landscaped backyard. The elevated backyard area captures stunning Sandia Crest views, while the front yard offers peaceful views toward the Bosque.Situated on a large lot with side-yard access, the property also includes extra gated paved and graveled parking on the north side--ideal for an RV, boat, trailer, or additional vehicles.With great bones, an outstanding location, and exceptional features, this home is ready for your personal touches to make it truly shine. Don't miss this rare opportunity--bring your buyers, they'll love the potential!

3
BEDS
2
BATHS
2,010
SQFT
0.25
ACRES

Welcome to this charming 3-bedroom, 2-bathroom home located in a serene neighborhood. Enjoy the spaciousness of high ceilings and the abundance of natural light flowing through large windows. The recently updated property features new stucco, fresh paint throughout most of the house and new carpet for a modern touch. Cook and entertain with ease in the kitchen equipped with a new refrigerator, built-in microwave, and stovetop. California closets provide ample storage, while the generous backyard offers plenty of space for outdoor activities. Experience comfort and style in this beautiful home, perfect for families or anyone seeking a peaceful retreat.

3
BEDS
2
BATHS
2,031
SQFT
0.21
ACRES

Welcome to this recently remodeled single-story home in the Enchanted Hills area of Rio Rancho offering 2,187 square feet, 3 bedrooms, 2 bathrooms, and a 2-car garage. Located on a cul-de-sac with no homes directly behind the property, this home backs to a walking path and acequia, creating added separation from neighboring homes and a more open feel.Situated in one of Rio Rancho's growing areas, this location offers convenient access to shopping, dining, parks, schools, and everyday amenities. Commuters will appreciate the easy access to Interstate 25 and nearby major roadways, making travel to Albuquerque, Santa Fe, and surrounding areas convenient while still enjoying the benefits of a residential setting.Thoughtfully updated with today's buyer in mind, the home features a new shingle roof (2025), a new energy-efficient HVAC system (2025), and a new water heater (2024), providing peace of mind and helping reduce future maintenance expenses.Inside, the recently remodeled kitchen serves as the centerpiece of the home with upgraded soft-close cabinetry, granite countertops, a gas range, trash compactor, and an oversized walk-in pantry with enough space for an additional refrigerator. The expansive granite island offers abundant prep space, additional storage, seating, and creates the perfect gathering place for entertaining, holiday meals, or everyday living. All kitchen and laundry appliances convey, making the move even easier.Plantation shutters throughout the home add timeless style while allowing excellent control over natural light. Ceiling fans are installed in every room for year-round comfort, while refrigerated air keeps the home comfortable during New Mexico's warmer months.Tile flooring extends throughout the entire home with no carpet, creating a clean, low-maintenance living environment that's easy to maintain and ideal for everyday living. Granite countertops continue into both bathrooms, complementing the upgraded cabinetry and creating a cohesive, updated design throughout the home.The spacious primary suite offers room for larger furnishings and features an ensuite bathroom with generous counter space, upgraded cabinetry, granite countertops, and ample storage. Two additional bedrooms provide flexibility for guests, hobbies, a home office, fitness equipment, or changing household needs.Step outside to a covered patio that spans the full length of the home, creating an exceptional outdoor living space for relaxing, grilling, entertaining, or simply enjoying New Mexico's beautiful weather. The backyard features easy-care turf for year-round greenery with minimal maintenance, along with a large storage shed offering plenty of room for tools, outdoor equipment, seasonal decor, or hobbies.One of the standout features of this property is the backyard setting. With no homes directly behind, the walking path and acequia create additional openness and separation, offering a backyard that feels more spacious and private than many comparable properties.Combining recent major system upgrades, quality interior finishes, abundant storage, an ideal single-story floor plan, and a convenient location, this home offers the balance of comfort, functionality, and low-maintenance living that many buyers are searching for.If you're looking for a move-in ready home with a remodeled kitchen, granite countertops throughout, soft-close cabinetry, a massive kitchen island, oversized walk-in pantry, gas cooking, refrigerated air, tile flooring throughout with no carpet, a new roof, new HVAC system, full-length covered patio, easy-care landscaping, no direct rear neighbors, and convenient access to Albuquerque, Santa Fe, and major commuter routes, this Enchanted Hills home deserves a place at the top of your showing list.

3
BEDS
2
BATHS
2,234
SQFT
0.14
ACRES

Discover this well-maintained home tucked into a quiet cul-de-sac in the desirable Enchanted Hills area. The bright, functional layout offers comfortable living spaces, a well-appointed kitchen, and generously sized rooms throughout. Enjoy a private backyard with room to relax, garden, or entertain. With convenient access to schools, parks, shopping, and major roadways, this home delivers everyday comfort in a great Rio Rancho location.

4
BEDS
3
BATHS
2,901
SQFT
0.14
ACRES

$5000 CREDIT towards buyer's closing costs with acceptable offer! Spacious and thoughtfully designed, this two-story home offers 5 bedrooms, 3.5 bathrooms, and an EV charger installed in garage. Multiple living areas, including a loft and a family room, provide flexible space for entertaining, working from home, or relaxing. The kitchen is the heart of the home, featuring a large island, pantry, and an open layout that flows seamlessly into the main living area. The primary suite offers a private retreat with a walk-in closet, dual sinks, and a separate shower. Also enjoy the benefits of recently installed gutters! Step outside to the walled backyard that includes a covered patio and majestic MOUNTAIN VIEWS! Schedule your private showing today!

5
BEDS
4
BATHS
2,567
SQFT
0.11
ACRES
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

Southwest MLS Logo Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.