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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 137 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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Welcome to the Inspiration. This beautiful home features 3 bedrooms with a study, and 3 bathrooms. The home features a gas fireplace- perfect for entertaining or those cozy nights in. The open layout connects the modern kitchen, dining, and family room seamlessly. Private owner's suite includes walk-in Super Shower.

4
BEDS
3
BATHS
1,911
SQFT
0.12
ACRES
$499,995
-10,000$ 05/20

With its blend of elegance and ease, the Larimar floor plan is the perfect choice for entertaining. At the heart of this home, you'll find an inviting great room with center-meet doors leading onto a relaxing covered patio. An adjacent dining area flows into an impressive kitchen with a convenient island and a roomy pantry, and a spacious primary suite showcases an attached bathroom and a walk-in closet. This home is built with a study and third bathroom.

3
BEDS
3
BATHS
1,872
SQFT
0.17
ACRES

Don't miss out on one of the last new homes built in this desirable ccommunity of Mt.Hawk Great floorplan with great use of space. Spacious lot. Corner, gas fireplace, soaking tub in primary bedroom. Granite countertops, 2'' white blinds throughout. Upgraded carpet and pad. Full appliance package including range, refrigerator, microwave, dishwasher, and garage door opener. landscaped front with sprinklers. Builder will provide a one-year warranty and a 2-10 year structural warranty. This home won't last so hurry out. Pictures are of model home. Actual selections may vary.

3
BEDS
2
BATHS
1,694
SQFT
0.14
ACRES
$499,995
-10,000$ 05/20

With its blend of elegance and ease, the Larimar floor plan is the perfect choice for entertaining. At the heart of this home, you'll find an inviting great room with center-meet doors leading onto a relaxing covered patio. An adjacent dining area flows into an impressive kitchen with a convenient island and a roomy pantry, and a spacious primary suite showcases an attached bathroom and a walk-in closet. This home is built with a study and a third bathroom.

3
BEDS
3
BATHS
1,810
SQFT
0.18
ACRES

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
$499,995
-10,000$ 05/20

The Emerald floor plan shines as brightly as its namesake. A covered entry greets guests and leads past a full bath flanked by two bedrooms. This home is built with two additional bedrooms and an extra living room with a full bar. An airy, open layout showcases the kitchen, the dining room and the great room, which offers access to a covered patio via center-meet doors. The impressive primary suite is adjacent and includes a walk-in closet and an attached bath. Designer-selected finishes complete this home.

3
BEDS
3
BATHS
2,100
SQFT
0.15
ACRES

The notable Elderberry boasts four generous bedrooms, including a main-floor primary suite with a spacious walk-in closet and a private bath. It also offers an expansive great room, a dining nook, a thoughtfully designed kitchen showcasing a center island and a generous walk-in pantry, and a charming covered patio. An upstairs loft offers additional versatility. A convenient laundry, storage area and mudroom round out this two-story plan. Designer-curated fixtures and finishes are included

4
BEDS
3
BATHS
2,390
SQFT
0.12
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
$464,995
-10,000$ 05/20

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

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
$489,995
-10,000$ 05/20

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

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.