Homes Under $200K in Greater Albuquerque

Find affordable homes under $200,000 in Greater Albuquerque, New Mexico. These budget-friendly properties offer great value for first-time buyers, investors, and anyone looking for an affordable entry into the market.

Showing 130 listings in Greater Albuquerque.

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$197,000

Beautiful, low maintenance Condo featuring two spacious owners suites, each with a private bathroom, plus a convenient half bath on the main level. The inviting living room offers a cozy wood burning fireplace, creating the perfect space to relax and/or entertain. The primary Owners Suite includes a newly remodeled bathroom with modern finishes. Enjoy two designated parking spaces and a convenient location with quick access to I-40, restaurants, shopping, and local businesses. The HOA offers exceptional value by covering water, sewer, trash, roof maintenance,stucco maintenance and common area upkeep, making homeownership easy and affordable. Whether you're a first time buyer, looking to downsize, or search for a great investment opportunity, this move-in-ready home combines comfort, convenience, and low maintenance living in an excellent convenient location.

2
BEDS
3
BATHS
1,042
SQFT
$170,000

A must-see, if you're looking to get out of the city, this great home could be the one. located in Edgewood, close to shopping. This is a nicely updated 2-bedroom 1-bath home on a treed lot, fully fenced, with a new septic system. Come make this home yours before it's gone

2
BEDS
1
BATHS
832
SQFT
1
ACRES

Beautifully remodeled manufactured home in the sought after Four Hills Mobile Home Park offering comfort, space, and value. The open living area provides a welcoming place to gather, while the functional kitchen, spacious primary suite, and two additional bedrooms offer a layout designed for everyday living. Outside, enjoy a generously sized lot with plenty of room for pets, entertaining, or simply relaxing. Residents also have access to outstanding community amenities including multiple activity centers, 24-hour security, tennis and basketball courts, three swimming pools, and more. Conveniently located, this move-in-ready home is an excellent opportunity to enjoy comfortable living in Four Hills. (Monthly land lease does apply)

3
BEDS
2
BATHS
1,230
SQFT

Charming, affordable, and full of character, this well-maintained home offers a peaceful setting with thoughtful care evident throughout the property. The beautifully manicured yard creates a welcoming outdoor space where you can relax, watch the birds, and enjoy the tranquility of the surroundings. The 6ft tall chain link fence borders the entire property. A 353 sq. ft. heated and cooled outbuilding adds valuable flex space, perfect for a home office, art studio, workshop, fitness room, or your favorite hobby. Whether you're looking for your first home, a place to downsize, or an affordable retreat, this property offers comfort, charm, and a yard you'll love coming home to.

2
BEDS
1
BATHS
767
SQFT
0.2
ACRES

673 Meadowlake Road, Los Lunas

Meadow Lake Subdivision
$139,900

LET'S GET MOVING!! SUPER HOME in NEED of a NEW OWNER TODAY!! EZ to find, READY TODAY!EZ to SHOW AND SELL!!!PLEASE GO TODAY...EZ TO SHOW AND SELL!! JUST Send that offer and LET'S GET MOVING!!

3
BEDS
2
BATHS
1,120
SQFT
0.15
ACRES

Welcome to your ultimate low-maintenance lifestyle! Located right in the vibrant center of Rio Rancho, this beautiful 2-bedroom, 2-bathroom condo offers the perfect blend of central convenience, scenic courtyard views, and lock-and-leave ease.Stunning Vistas: Step outside onto your private balcony to enjoy peaceful views of the beautifully landscaped central courtyard.Serene Backdrop: The lush courtyard provides a quiet, park-like view for your morning coffee or evening unwind.

2
BEDS
2
BATHS
1,133
SQFT

Affordable 3-bedroom, 2-bath single-wide manufactured home located in a well-maintained mobile home park. This home offers a functional floor plan with a spacious living area, a primary suite, 2 full baths, and two additional bedrooms that provide flexibility for guests, a home office, or hobbies. Conveniently located near shopping, dining, and everyday amenities.Possible short-term owner financing available for qualified buyers, offering an excellent opportunity for those seeking alternative financing options. Contact the listing agent for details and financing terms. Buyer must be approved by the mobile home park. Lot rent applies.

3
BEDS
2
BATHS
1,008
SQFT

Updated 2 bed 2 bath condo in gate community! Fresh paint, new vinyl plank flooring, new light fixtures! Situated in a gated community, residents enjoy a pool, fitness center, and a clubhouse. HOA includes some utilities! Perfectly situated near shopping, dining, entertainment, parks, and major commuter routes, this home offers both convenience and comfort. The inviting floor plan features spacious living areas filled with natural light, a functional kitchen with ample storage, and two generously sized bedrooms.

2
BEDS
2
BATHS
920
SQFT
$149,000
-$21,000

Great investment potential in this fixer upper priced to sell! This 3 bedroom, two bath home sits on a corner lot with endless views of mountain peaks from all four directions. Short distance from the general store in La Cueva. This property has three additional out buildings on the property for storage or potential rental income. On the North side of the home is a large wooden patio. This manufactured home was being lived in but shows wear and tear and could use updates and fixes to bring it up to date. Uses community water but has a private water well of unknown condition and is on septic. This is an estate sale and the Property is being sold As is, Home is sold with the furniture inside.

3
BEDS
2
BATHS
1,456
SQFT
0.9
ACRES
$200,000

***SELLER IS OFFERING A $2500 CLOSING COST CREDIT WITH ACCEPTABLE OFFER***Welcome to this beautifully remodeled double-wide home situated on a full 1-acre lot in Laguna, NM. Completed in 2025, the renovation brings modern comfort while maintaining a warm, inviting feel. Inside, you'll find stone accents throughout, a cozy fireplace with an electric insert, and a spacious floor plan that includes a dedicated dining area, open kitchen, and an additional den perfect for extra living space or a home office.

3
BEDS
2
BATHS
1,960
SQFT
1
ACRES

Welcome home to this spacious 4-bedroom, 2-bathroom Oakwood manufactured home on a permanent foundation in the welcoming community of Mountainair. This home offers comfort, functionality, and small-town charm on two completely fenced lots.A split-bedroom floor plan gives the primary suite privacy while three additional bedrooms offer space for family or guests. The open-concept living area flows seamlessly from living room to dining space to kitchen, with ample cabinet and countertop space -- perfect for everyday living and entertaining.Recent upgrades include a TPO roof, ductwork, MasterCool evaporative cooler with floor vent connection, water heater, kitchen appliances, and flooring throughout. A 1-car garage adds extra storage.Move-in ready with updated systems and room to breathe -- schedule your showing today!Mountainair featured as one of the most charming and pictureque small towns in NMhttps://www.holidays.com/small-towns-new-mexico/https://www.worldatlas.com/cities/7-most-charming-towns-in-new-mexico.html

4
BEDS
2
BATHS
1,280
SQFT
0.32
ACRES

202 6th Street, Willard

Willard Original
$48,990

Bring your vision to this unique opportunity in Willard! Situated on a corner lot of over half an acre, this property offers endless potential for buyers looking to renovate, invest, or create their own rural retreat. The 3-bedroom, 1-bath home is ready for updates, while the true value lies in the land and existing improvements. Features include a 4-car garage/workshop, recently updated septic system, cellar, multiple outbuildings, sectioned yard areas, and utilities already in place. A camper is also included with the sale. With space, functionality, and room to make it your own, this property is full of possibilities. Seller will make no repairs.

3
BEDS
1
BATHS
1,000
SQFT
0.61
ACRES

Investor Special in the Heart of the South Valley! Opportunity awaits with this spacious 4-bedroom, 2-bath home offering generous square footage and oversized bedrooms. Perfect for a fix-and-flip project or for buyers ready to renovate and build equity. Features include a long concrete driveway, large private gated entry, fully fenced yard, mature peach tree in the front, and additional storage space in the backyard. Property needs significant repairs and is being sold AS-IS with no repairs. Priced to sell and loaded with potential--bring your vision and transform this South Valley gem into something special!

4
BEDS
2
BATHS
2,323
SQFT
0.14
ACRES

Exceptionally clean condo on second floor complete with Refrigerator, dishwasher, overlooking the pool and common areas. This unit is in a gated secured community ,complete with a refreshing pool & well manicured lawn. It is completely fenced and has postal boxes on the premises & close to Kirtland Air Force base, VA hospital and plenty of restaurants and a nearby Walmart. HOA covers Water, Sewer, Refuse, Pool, Laundry Facilities, Rec Room, Common Area maintenance, Roof, & Insurance for outside of buidlings.

1
BEDS
1
BATHS
680
SQFT
0.23
ACRES

Welcome to this spacious, well-maintained condo featuring fresh paint, new flooring, and updated lighting throughout. Upper level w/ patio/balcony. The open floor plan offers comfortable living and excellent storage, including walk-in closets in both bedrooms. The primary suite features a large walk-in shower, while a stacked washer and dryer are conveniently located in a dedicated utility closet. Enjoy your private balcony with additional storage and pleasant views.The HOA provides exceptional value by maintaining the roof, hot water heater, furnace, cooler, and all pipes and wiring within the walls, making for easy, low-maintenance living. Located in a wonderful community, this property offers comfort, convenience, and peace of mind.

2
BEDS
2
BATHS
1,171
SQFT

Ground level unit. Sold in its AS IS condition. Inspections are at buyer cost and for buyer information. Seller makes no warranties or guarantees either expressed or implied. Please note, the HOA owns the garages in this complex.

1
BEDS
1
BATHS
940
SQFT

Contact agent prior to scheduling a showing! Short sale - Priced for quick action and CASH OFFERS ONLY! Subject to full bank approval. Property Highlights: Spacious lot with room to customize or expand. This 3-bedroom, 2-bath single-family home 1303 Square feet on a 7,000 sq ft lot has a lot of potential for the right buyer or investor. Proof of funds required with offer and Sold ''As-Is''Serious cash buyers only - please contact me for more details, to schedule a showing, or to submit an offer. All offers will be presented to the lender for approval.

3
BEDS
2
BATHS
1,252
SQFT
0.16
ACRES

Cute 2 room building ready for an occupant or investor to finish out the inside! So much potential! Due to zoning, buyer may not be able to occupy as a residence. Vacant lot to north of subject property is included in the sale.

2
BEDS
1
BATHS
867
SQFT
0.26
ACRES
$165,000

Charming, well kept 2 bedroom condo featuring gorgeous eastern mountain views! This pristine home offers that perfect cozy retreat with a classic wood-burning fireplace in the living area and a private porch ideal for enjoying the morning sunrise over the mountains. Enjoy year-round comfort with efficient refrigerated air. Located just minutes from shopping centers and daily conveniences. This low-maintenance gem is in excellent condition and ready for its next owner. Schedule your tour today!Refrigerated air new within the last 2 years. Washer dryer, stove and kitchen exhaust fan all purchased within the last 9 months.

2
BEDS
1
BATHS
764
SQFT
$170,000

Great opportunity to live on over an acre lot with lots of trees, including fruit trees and garden area with drip system and crossed fenced property for all your livestock needs, bring the chickens, goats, horses, etc. The home offers a split floorplan with the master on one side and the other two bedrooms and bathroom on the opposite side. Plus the living room, kitchen and dining area are open, great to enjoy time with the family. Outside, you have plenty of space for all your toys, hobbies and to entertain family and friends. Home needs some TLC, perfect opportunity to make it your own!! Mobile home is not on a permanent foundation. Call for more details!!

3
BEDS
2
BATHS
1,344
SQFT
1.3
ACRES
$134,900
-$3,100

Finish and save! Site-built home on .84 acres of serenity is outfitted for 3 bedrooms and 1 bath. This home is gutted and ready for your designing finesse. Some big ticket items have already been complete, to include a metal roof, pex interior plumbing, new electrical box, and electrical rough-in. The home also boasts newer windows. Fully fenced for your horses or cattle. Two outbuildings on the property can easily serve as a corral and alfalfa storage. Schedule your private showing to see the upside on this one for yourself!

3
BEDS
1
BATHS
1,436
SQFT
0.84
ACRES

Conveniently located near UNM, CNM, Kirtland AFB, Sandia National Laboratories, and the Albuquerque Sunport, and with quick access to I-25, this charming second-floor condo offers both comfort and convenience. Just steps from the community pool, clubhouse, and laundry facility, you'll enjoy a relaxed lifestyle in a park-like setting with mature pine trees and multiple picnic areas. The unit was extensively remodeled around 2020 and features fresh interior paint completed in May 2026. HOA dues cover all utilities, building insurance, exterior maintenance, common area upkeep, and access to the swimming pool, clubhouse, and laundry facilities. Affordable and low-maintenance living for under $100,000--schedule your showing today and see all this property has to offer.

1
BATHS
381
SQFT

15 Jaquez Road, La Jara

Lands Of Jaquez Elizardo And Irene
$105,000

2
BEDS
1
BATHS
794
SQFT
2.29
ACRES

607 1/2 Baca Avenue, Belen

Replat Tracts 93, 103a1b1, & 103a1b2
$199,900

Charming 2-bedroom, 1-bath home tucked away from the road with a private driveway and fully fenced, spacious yard. Plenty of room for parking recreational vehicles, work vehicles, trailers, or multiple cars--perfect for car enthusiasts, hobbyists, or anyone needing extra space. Features two covered carports, newer appliances, a stackable washer and dryer, mini-split heating and cooling units, and updates throughout. Enjoy the privacy and flexibility of a large yard with room to work, park, entertain, or pursue your hobbies. A great opportunity for anyone looking for an affordable home with plenty of usable outdoor space!

2
BEDS
1
BATHS
936
SQFT
0.23
ACRES

Welcome to this well-maintained manufactured home nestled on a cul-de-sac lot. This property offers front parking as well as gated backyard access for additional parking. Inside, you'll find a spacious open-concept floor plan that is perfect for everyday living and entertaining. The home features 2 bedrooms, 2 bathrooms, and a flex room that can serve as a home office or potential third bedroom. The primary suite includes a walk-in closet and a relaxing garden tub. The carpet is freshly shampooed and cabinets repainted. Two sheds provide ample space for storage. Additional improvements: exterior repainted, updated plumbing beneath the home completed in 2019. Land and home convey together, offering a fantastic opportunity for homeownership or investment!

2
BEDS
2
BATHS
1,226
SQFT
0.13
ACRES
$98,000

Like-new 2023 Champion manufactured home in CJ Mobile Home Park! This 3-bedroom, 2-bathroom single-wide offers 850 sq ft of modern, low-maintenance living. The open-concept floor plan features durable laminate flooring, a functional kitchen with newer Whirlpool appliances, and a comfortable living area. Washer and dryer are included for added convenience. The private primary suite includes its own bath, while two additional bedrooms provide space for guests, a home office, or hobbies. Outside, enjoy parking for 2-3 vehicles. Built in 2023, this home offers the benefits of newer construction and updated systems. Current lot lease is $575/month and includes trash service. Move in ready and perfect for first time home buyers or investors!

3
BEDS
2
BATHS
850
SQFT

1601 Pennsylvania Street NE Z4, Albuquerque

Winrock Shopping Center Addition No 2
$129,000

Welcome home to this move-in ready 1-bedroom, 1-bath condo in the heart of Uptown Albuquerque at Winrock Villas. The bright, open floor plan features a spacious living and dining area that opens to a private balcony. The kitchen offers everyday functionality, and the primary suite includes a walk-in closet. Enjoy central refrigerated air, a community pool, assigned covered parking, and an HOA that covers many utilities. Conveniently located near Winrock Town Center, ABQ Uptown, shopping, dining, and major roads. Great for first-time buyers or investors.

1
BEDS
1
BATHS
622
SQFT
13.23
ACRES
$138,000

Welcome home to this charming 2-bedroom condo where comfort meets convenience. The free-flowing living room creates an effortless, open feel -- perfect for relaxing or entertaining -- anchored by a cozy wood-burning fireplace that makes every evening feel like home.Step outside and discover everything at your doorstep. Multiple eateries, grocery stores, and shopping centers are just minutes away, making everyday errands a breeze. Nature lovers will love the proximity to Tingley Beach -- a serene escape for morning walks, fishing, or simply unwinding by the water.

2
BEDS
1
BATHS
764
SQFT
0.04
ACRES

83 Sandia Street, Moriarty

Moriarty Sunset Acres
$169,900

Seller is open to owner financing with acceptable down payment!!!This home is on a permanent foundation and the septic system has been replaced.Beautiful 3-bedroom, 2-bath home situated on nearly an acre in a quiet neighborhood. Enjoy peaceful rural living while still being conveniently close to the city. Home has been moved more than once.

3
BEDS
2
BATHS
1,216
SQFT
0.95
ACRES

401 5th Street, Estancia

Estancia Original
$180,000

Just Reduced! Wonderful opportunity in the heart of Estancia, NM. This HUD owned home has the possibility of a live/work situation (verify with zoning). Home features two living areas and 4 bedrooms 2.5 bathrooms. Property is eligible for FHA $100 down payment program when using FHA 203 (b) or 203(k) financing.

4
BEDS
3
BATHS
2,907
SQFT
0.04
ACRES
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

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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-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.