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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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Motivated Seller! At the heart of the ranch-style Peridot plan is an inviting kitchen with a center island, walk-in pantry and breakfast nook overlooking a spacious great room with open office and an adjacent covered patio. Three generous bedrooms, including a beautiful owner's suite with a private bath and oversized walk-in closet, offer plenty of space for rest and relaxation. Other notable features include a central laundry and a 2-car garage with ample storage. This home also comes with a study, and extended covered patio.

3
BEDS
2
BATHS
1,730
SQFT
0.12
ACRES

Welcome to this beautifully landscaped home in the desirable Mountain Hawk community!Built in 2022 by Hakes Brothers, this home offers 4 bedrooms, 2 full bathrooms, a spacious 2-car garage, and an extended covered patio. Inside, you'll find upgraded ceramic tile flooring throughout the main areas and carpet in the bedrooms. The open-concept living space features a tile-accented great room, while the chef's kitchen boasts granite countertops, a farmhouse sink, glass tile backsplash, stainless steel appliances, and a large corner pantry.Additional highlights include refrigerated air, central forced-air heating, and energy-efficient construction. The private backyard is fully landscaped, perfect for outdoor enjoyment year-round. Move-in ready and packed with upgrades--don't miss this gem.

4
BEDS
2
BATHS
1,907
SQFT
0.11
ACRES

This house comes with a REDUCED RATE as low as 5.875% (APR 6.215%) as of 08/11/2025 through List & Lock(tm). This is a seller paid rate-buydown that reduces the buyer's interest rate and monthly payment. Terms apply, see disclosures for more information. FALL IN LOVE WITH THIS BEAUTIFUL 4-BED, 3-BATH HOME. With over 3000 square feet of thoughtfully crafted living, the sunlit interior offers a grand living area with fireplace, a chef's kitchen with island, breakfast nook, and formal dining. Upstairs, the airy loft opens up endless options for a gym, office, or creative space. The spacious master retreat includes a private en-suite & upstairs laundry adds convenience. Enjoy views from the balcony, relax under the covered patio, & unwind in the walled backyard. No HOA & a 3-car garage!

4
BEDS
3
BATHS
3,009
SQFT
0.12
ACRES

Seller will credit $2,000 to buyer at closing for whatever they'd like! Featuring 3 bedrooms, 1 full, 1 three-quarter and one half bath. Loft / office / game room and laundry on second story. Washer and dryer stay with the property. 3 car garage, awesome 10 x 20 Tuff shed on a 12 x 25 concrete slab in walled backyard. Open patio and no rear neighbors is a bonus! Large kitchen with family dining room, snack bar, huge walk-in pantry, double sinks, walnut cabinets, tiled backsplash, gas range and built-in microwave. Instant, endless hot water awaits you as this home is equipped with a Noritz instant water heater. EZ care xeriscaping will conserve water as you use your Rainbird drip system. Dual refrigerated a/c's to keep you cool any time! Easy to schedule and show! Worth it to vie

3
BEDS
3
BATHS
1,997
SQFT
0.17
ACRES

Looking for a ranch-style floor plan? Put the Arlington at the top of your list! This smartly designed home offers a generous open great room, dining room and kitchen, three bedrooms with a shared bath, and a separate primary suite with private bath and walk-in closet. Conveniences like the mudroom, laundry room, broad kitchen island, built-in pantry and covered patio add to the plan's single-floor appeal. Personalize with a gourmet kitchen and a deluxe primary bath.

3
BEDS
2
BATHS
2,700
SQFT
0.16
ACRES

Located in the desirable Lomas Encantadas community, this four bed, three bath home offers 1,994 SQ FT of contemporary living space built to Green Build New Mexico Gold standards, ensuring superior energy efficiency and sustainability. The open floor plan is designed for modern living, featuring a striking twelve-foot sliding glass door connecting indoor and outdoor spaces. Enjoy the covered patio, perfect for relaxing or entertaining. The kitchen is equipped with high-end stainless steel appliances. Don't miss this opportunity to own a home that blends luxury with eco-friendly features! Call today to schedule a tour or inquire about available buyer incentives!

4
BEDS
3
BATHS
1,994
SQFT
0.15
ACRES

Move-In Ready -3 Car Garage.This beautiful home features 3 bedrooms, 2 bathrooms, central air, and no carpet throughout. It offers an open-concept layout, perfect for modern living, with a smart separation between the owner's suite and the guest bedrooms. The kitchen is truly a highlight, offering ample storage and flowing seamlessly into the living and dining areas, as well as an outdoor living space for year-round enjoyment. Situated on a large corner lot, this home combines style, comfort, and practicality. It's ideally located in the Mountain Hawk Community, providing easy access to shopping, dining, and entertainment, and quick access to I-25 for commutes to Santa Fe, Los Alamos, or Albuquerque.Owner financing options may be available.

3
BEDS
2
BATHS
1,712
SQFT
0.14
ACRES

Seller offering to pay HOA fee for 1 year! Let's get you home! Are you ready to own this practically new, well maintained 2023 home? Located in the peaceful Mountain Hawk neighborhood, close to a community park and a pet area. This 4 bedroom 3 bath home is in pristine condition with all the modern amenities as well as low maintenance front and backyard landscaping. Primary bedroom located on main level while large loft and 3 bedrooms are located upstairs, providing space for all. Prime location with easy access to shopping, dining and major highways.

4
BEDS
3
BATHS
2,078
SQFT
0.1
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 two 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

Construction is done and this Beautiful Brand New Clayton Home is ready for a New Owner! The home sits on 1.18 acre bring the horses. Spectacular views of the Sandias from the 20X10 front concrete Patio This Home features tape & textured walls, 9 ft ceilings, Low-E windows with lots of natural light. Open chefs kitchen with huge island, solid surface counter tops and a gas cook range, microwave built into the Island, & a Large walk-in Pantry. Primary bath has walk-in shower with a bench and separate Vanity counter, double sinks and a long soaking tub. This Four bedroom, Two Bathroom home also has Two living areas and a dining area as well. All this plus a Two car garage. Close to shopping and yet still feels like country living. In Rio Rancho City Limits and School District.

4
BEDS
2
BATHS
2,350
SQFT
1.18
ACRES

Welcome to this Centex Home situated on a large cul de sac lot. This home features 4 bedrooms, plus an office as well as a game room or additional living area for a total of 6 potential rooms. Lots of living space, large open kitchen with abundant storage, formal dining and eat-in kitchen nook. You'll love the owner's suite with a wonderful bathroom and large walk-in closet. Great backyard with mature trees and a covered patio.

4
BEDS
3
BATHS
3,314
SQFT
0.22
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.