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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.

Showing 136 listings in Rio Rancho. Want to refine your search? Use our Advanced Home Search to filter by price, bedrooms, features, and more.

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$439,990
-10,000$ 03/24

YES 3 car tandem garage! Step into the Yellowstone - a brand new, DR HORTON home. Beautifully crafted new construction home with an open-concept layout perfect for modern living. This single-story design offers 4 spacious bedrooms and 2.5 baths. With nearly 2,000 sq. ft., you'll love the seamless flow between the kitchen, dining, and living areas - ideal for entertaining or everyday comfort. You will enjoy an upgraded kitchen with stainless built in appliances and an island. Grey wood look plank tile floors throughout home except luxury carpet in bedrooms. Deep Grey 42 inch cabinets are NICE. Big covered patio, a true SMART HOME. Located in desirable Lomas Encantadas, Rio Rancho, this home blends style, space, and convenience in one smart design. (photos of model home colors vary.)

4
BEDS
2
BATHS
1,987
SQFT
0.12
ACRES
$449,000
-15,900$ 03/11

Short sale opportunity! Call to ask about benefits and making an offer. Take this wonderful opportunity to own a remarkable 2022 custom home in sought-after Mariposa, surrounded by miles of hiking and mountain biking trails and framed by breathtaking Sandia Mountain views. This home features numerous upgrades, a spacious gourmet kitchen with granite countertops and stainless steel appliances, and an oversized 3-car garage offering plenty of storage. Enjoy card access to endless community amenities, including the pool, gym, and community center, perfect for activities and social gatherings. With stunning natural surroundings and resort-style amenities, this home delivers a truly active, vibrant, and fulfilling lifestyle in a picturesque setting.

3
BEDS
2
BATHS
2,069
SQFT
0.16
ACRES

Very motivated sellers! Welcome home to this charming single-story residence that blends comfort and style. Featuring 3 spacious bedrooms and 2 full bathrooms, this home offers an open, functional layout perfect for everyday living. The kitchen shines with stainless steel appliances, granite countertops, and ample cabinet space--ideal for cooking and entertaining. Enjoy easy indoor-outdoor living with a covered back patio, perfect for relaxing or hosting gatherings, plus a convenient storage shed for tools and extras. A 2-car garage adds practicality and storage. This well-maintained home is move-in ready and offers the perfect balance of comfort, convenience, and value--don't miss this one!

3
BEDS
2
BATHS
1,835
SQFT
0.12
ACRES
$475,000
-14,900$ 03/31

This spacious 3,566 sq. ft. home offers 5 bedrooms with walk-in closets, 2.5 baths, and a 3-car garage. The main level features two inviting living areas, including a family room with a cozy gas fireplace. The open kitchen is designed for both style and functionality, showcasing upgraded stainless-steel appliances, Corian countertops, abundant cabinetry, two pantries, and a center island.With generous living space and numerous upgraded amenities throughout, this home is the perfect blend of comfort and convenience.

5
BEDS
3
BATHS
3,566
SQFT
0.16
ACRES
$450,000
-29,000$ 04/01

Price improvement! Popular single-story floorplan with 4/bedrooms, 2.5/bathrooms, 2 car garage. 2 living/ 2 dining areas 2 fireplaces, skylights, ceiling fans, refrigerated air, central forced heat. Don't miss this opportunity. Popular School District, NO PID and NO HOA!

4
BEDS
3
BATHS
3,085
SQFT
0.19
ACRES

Single-story new construction home by D.R. Horton in the Vista Grande Community of Rio Rancho, offering 1,716 sqft with 3 bed and 2 baths. Open concept living, dining, and kitchen layout with modern finishes and functional design. Private primary suite with en-suite bath and generous closet space. Includes energy-efficient features, Smart Home package, and builder warranties. ** Estimated Home Completion: April 2026**

3
BEDS
2
BATHS
1,716
SQFT
0.17
ACRES

Located in one of Rio Rancho's fastest-growing areas, this inviting home offers the perfect mix of comfort and convenience. Enjoy a bright, open layout with spacious living areas, a modern kitchen with plenty of counter space, and a private backyard ideal for relaxing or entertaining. Just a few minutes from Plaza @ Enchanted Hills, restaurants, shopping, and community amenities are at your doorstep. Experience the charm of established living paired with the excitement of growth--just minutes from everything Rio Rancho has to offer.

3
BEDS
2
BATHS
2,120
SQFT
0.16
ACRES

Welcome to this custom RayLee home in the gated section of Mariposa, offering exceptional value and priced below comps. Enjoy resort-style community amenities such as a gym, indoor and outdoor pools, walking trails, and large parks.

4
BEDS
3
BATHS
2,300
SQFT
0.36
ACRES

The Alexandrite plan offers many spacious living areas. A charming covered entry leads past a secluded bedroom and a laundry into an open floor plan, featuring a kitchen with a center island, a dining area, and a great room with center-meet doors overlooking a covered patio. An adjacent primary suite includes a generous walk-in closet and a private bathroom. You'll also appreciate another full bath and two additional bedrooms. Our designer-curated fixtures and finishes are sure to impress.

3
BEDS
2
BATHS
1,740
SQFT
0.12
ACRES

Beautiful Brand New Clayton Home will be ready June of 2026 home will sit on one acre. Close to shopping and yet still feels like country living. In the county but still in Rio Rancho School District. This four bedroom, three bath home has an open floor plan, nice kitchen, large island with seating, dining area, two living rooms, large primary bath, double sinks in vanity, lots of closet space, solar ready, large laundry room with built in coat rack with storage cubes. Large back deck to enjoy the scenery! All this plus a two car garage. Inside of Rio Rancho City Limits. Home is on a permanent foundation and qualifies for FHA, VA & Conventional.

4
BEDS
3
BATHS
2,001
SQFT
1
ACRES

Welcome to this well maintained Ann Model by Abrazo Homes, in the highy desirable Mariposa neighborhood. This thoughtfully designed home features 2 bedrooms plus a flexible room that can serve as a third bedroom, home office, or den - adaptable to suit your lifestyle. The spacious great room seamlessly flows into the open kitchen and dining area, creating an ideal space for entertaining. The kitchen is beautifully appointed with solid surface countertops, a pantry, and stainless steel appliances, offering both style and functionality. Step outside to enjoy the fully landscaped, low-maintenance backyard, complete with a tranquil water feature and covered patio. HOA includes an indoor/outdoor pool, state -of-the-art-gym, parks, open space and scenic walking trails.

3
BEDS
3
BATHS
1,762
SQFT
0.15
ACRES

Loaded to the hilt with luxury and style! The foyer welcomes you with graceful arches and raised ceilings that lead to an expansive living/dining area with a show stopping fireplace, tray ceiling, and large windows that take in the beautifully terraced backyard. Exquisite gourmet kitchen opens to the living and dining areas and includes a large pantry, stainless steel appliances, and a generous island for entertaining with ease. Secondary bedrooms and flex room are in the front of the home creating separation from the private primary suite. This parade of Homes WINNING floor plan is both practical and luxurious! Outside enjoy the easy care landscape complete with turf, colorful perennial plantings, AND a gas fire pit for those cool evenings. Owned SOLAR! PNM bill is $17/month.

3
BEDS
3
BATHS
2,163
SQFT
0.15
ACRES
$450,000
-25,000$ 04/01

Come and take a look at this fabulous home on a half acre lot in the lovely Los Rios sub'd featuring gorgeous mountain views from the East facing back yard under the large covered back porch. This open floor plan offers a large Kitchen with gas stove, built in microwave, granite counters plus breakfast nook. Huge Primary Bedroom with back porch access and very generous Primary Bathroom featuring large garden tub, double sink vanity and huge walk in shower. Large main Living Area with built in entertainment center and 2 way gas-log fireplace, front Dining Room, generous secondary bedrooms with full Bath in hallway. 3 Car Garage, Refrigerated air, central forced gas furnace (or radiant heat if you prefer) solar panels, RV Pad with 220 electricity. Home is 100% wheelchair accessible in & out.

3
BEDS
2
BATHS
2,114
SQFT
0.5
ACRES

This less-than-one-year-old home offers 4 bedrooms and 2.5 bathrooms with a modern, open layout. The kitchen features stainless steel appliances, all under warranty, and is filled with natural light from large windows throughout the home. Outside, enjoy a beautifully landscaped backyard with grass, an extended patio, and a full sprinkler and drip system. Mulch and brick accents are already in place for future planting or gardening. With no backyard neighbors and open space in front of the home, this property provides privacy, peaceful views, and a bright, airy feel.

4
BEDS
3
BATHS
2,140
SQFT
0.14
ACRES

Minutes from Intel and Rust Medical on Unser and West Side! April move in! The Sophia is a well-designed 1 story new home floorplan in where convenience meets charm. Offering 3 bedrooms, 2 bathrooms, within 1,420 square feet, the Sophia is tailored for relaxed living with just the right amount of space. Curb appeal shines through with exterior elevation options that reflect a modern desert aesthetic. Inside, the Sophia's layout centers around a fluid, open-concept space that merges the kitchen, dining, and living areas. The kitchen comes equipped with a spacious kitchen island, a decorative tile backsplash, Whirlpool(r) stainless steel appliances and coordinated cabinetry. Large windows bring in natural light. The generous living space is perfect for winding down or welcoming company.

3
BEDS
2
BATHS
1,420
SQFT
0.13
ACRES

Welcome to 2810 Arce Lane SE, a beautifully maintained 4-bed, 2-bath home with 2,141 sq ft of comfortable living space on an 8,232 sq ft lot in the desirable Cabezon area of Rio Rancho. Built in 2013, this residence offers an inviting layout, thoughtful finishes, and a 3 car garage. Enjoy the community amenities and mountain views just minutes from great shopping, dining, and outdoor recreation. Cabezon and the surrounding Rio Rancho Estates blend peaceful suburban living with easy access to Albuquerque and Sandia Mountains trails. With excellent local schools and a friendly neighborhood, this home is ideal for those seeking space and convenience in a prime Northern New Mexico location. Don't miss this rare opportunity to make it yours!

4
BEDS
2
BATHS
2,141
SQFT
0.19
ACRES

This home design features 3 bedrooms, 2 bathrooms, 2 car garage with a welcoming entry that opens to a bright, elegant dining room. The spacious kitchen with a grand island functions as the heart of the home and the great room features a tray ceiling that highlights an abundance of natural light. Home is still under construction. The floorplan images provided are for illustrative purposes only and may not represent the exact layout, dimensions, features or options of an available home. All square footage and room dimensions are approximate and vary by elevation. Prices, plans, and terms are effective on the date of publication and are subject to change without notice.

3
BEDS
2
BATHS
1,649
SQFT
0.11
ACRES

This open floor plan is perfect for entertaining, with thoughtful details and a touch of elegance throughout. Featuring 4 bedrooms, 2.5 bathrooms, soaring ceilings in the living room, an upstairs loft, and a spacious downstairs master suite, this home offers both comfort and style. Currently under construction. The floorplan images provided are for illustrative purposes only and may not represent the exact layout, dimensions, features or options of an available home. All square footage and room dimensions are approximate and vary by elevation. Prices, plans, and terms are effective on the date of publication and are subject to change without notice. See Sales Representative for details.

4
BEDS
3
BATHS
2,440
SQFT
0.11
ACRES

Welcome to your like-new 2024 home by DR Horton. This modern residence shines with fresh interior paint and striking accent walls in the bedrooms. Step inside to discover an open floor plan and soaring high ceilings that allow tons of natural light. The kitchen features stainless steel appliances and abundant counter space, perfect for everything from weekday meals to hosting family and friends. Smart home technology is integrated throughout, offering effortless control over lighting, climate and more. This home also boasts practical upgrades such as a water softner for superior water quality and beautifully xeriscaped landscape. Outside space creates tranquil, easy care environment with breathtaking mountain views.This home also remains under builder warranty for peace of mind.

4
BEDS
2
BATHS
1,552
SQFT
0.13
ACRES

**Sellers are offering a $5,000 buyer closing cost credit with an acceptable offer**. This stunning single-story Pulte home is less than one year old and offers 2,183 sq. ft. of open-concept living. It features 4 bedrooms plus an office/flex room, designed for both everyday comfort and entertaining. The chef's kitchen is equipped with premium appliances, granite countertops, and ample cabinetry. Tile flooring extends throughout the main living areas for a sleek, cohesive look, while abundant natural light enhances the spacious layout. The backyard is fully landscaped with low-maintenance turf and an extended concrete patio, perfect for outdoor living. Located in a great neighborhood with convenient access to shopping, dining, and parks!

4
BEDS
2
BATHS
2,176
SQFT
0.14
ACRES

Highlights of the impressive Raleigh plan include an open dining area, a great room with center-meet doors leading onto a relaxing covered patio, a quiet study, and a thoughtfully designed kitchen with a walk-in pantry. You'll also appreciate a central laundry and three generous bedrooms, including a stunning primary suite showcasing a spacious walk-in closet and a private bath with double sinks. You'll love our professionally curated fixtures and finishes

3
BEDS
2
BATHS
2,220
SQFT
0.14
ACRES

Spacious DR Horton ''Pike'' floor plan offering over 3,000 sq ft of comfortable, energy-efficient living! Built with sturdy 2x6 construction, R-38 blown-in attic insulation, refrigerated air, and Energy Star qualifications for year-round efficiency. This open concept layout features a large formal dining room that easily accommodates a 10-person table, perfect for gatherings. The updated kitchen includes newer stainless steel appliances (within the last 5 years) and flows effortlessly into the bright living areas.Upstairs you'll find an oversized primary suite with TWO walk-in closets, plus a massive loft which is ideal as a second living space, game room, or home office. All bedrooms are generously sized with plenty of room to roam throughout.The backyard is built for entertaining

3
BEDS
3
BATHS
3,007
SQFT
0.17
ACRES
$475,000
-4,900$ 03/06

Welcome to this spacious 5 bedroom home in desirable Cleveland Heights! Built in 2021, popular well designed floorplan including primary suite + additional bedroom on main level, beautiful contemporary tile. Open concept. Sleek, gleaming kitchen with large granite island perfect for entertaining. Upgraded high end stainless steel appliances built-in ovens, & range hood with tile backsplash and pantry. The primary suite located downstairs is private & the spa like master bath with double sinks, huge shower & a large walk-in closet. Flexible loft space upstairs provides multi use of space. It can be a an office, entertainment area, limitless uses. Enjoy your beautiful low maintenance backyard with turf, covered patio with stunning Sandia Mountain view and no neighbors behind you!

5
BEDS
3
BATHS
2,752
SQFT
0.16
ACRES

This spacious 5-bedroom, 3-bathroom home boasts 2,530 sq ft of living space. Enjoy stunning mountain views from the private balcony off the master suite. The large, updated backyard offers a perfect space for outdoor gatherings and relaxation. Inside, the open-concept layout features a bright, inviting living area ideal for family and entertaining. Garage is wired for 240V/EV Charging. Situated in the desirable Northern Meadows neighborhood, with nearby parks, shopping, and dining, this home combines modern comfort with exceptional views. Schedule a showing with your favorite Realtor today.

5
BEDS
3
BATHS
2,520
SQFT
0.23
ACRES

This Beautiful Brand New Clayton Home is Ready for a New Owner it sits on one acre. Close to shopping and yet still feels like country living. In Rio Rancho City Limits and School District. Spectacular views of the Sandias from the back deck. Close to shopping and yet still feels like country living. This four bedroom, three bath home has an open floor plan, nice kitchen, large island with seating, dining area, two living rooms, large primary bath, double sinks in vanity, lots of closet space, solar ready, large laundry room with built in coat rack with storage cubes. Large back deck to enjoy the scenery! All this plus a two car garage. Home is on a permanent foundation and qualifies for FHA, VA & Conventional.

4
BEDS
3
BATHS
2,346
SQFT
1
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.