Rio Rancho Estates Homes under $350,000

Welcome to Rio Rancho Estates, a hidden gem nestled in the heart of Rio Rancho, New Mexico. This vibrant neighborhood, located in Sandoval County, offers a perfect blend of suburban tranquility and modern amenities, making it an ideal place for families, retirees, and young professionals alike.

Rio Rancho Estates is known for its spacious homes and friendly community atmosphere. With a variety of properties available, you can find charming single-family homes that cater to diverse lifestyles, all priced under $350,000. Whether you’re a first-time homebuyer or looking to downsize, this neighborhood provides an array of options that won’t break the bank.

The area boasts beautiful desert landscapes, stunning sunsets, and an abundance of outdoor activities. Residents enjoy easy access to numerous parks, hiking trails, and recreational facilities, perfect for those who love to embrace the great outdoors. Additionally, Rio Rancho Estates is conveniently located near schools, shopping centers, and dining options, ensuring that all your daily needs are just a stone’s throw away.

Community is at the heart of Rio Rancho Estates. With a welcoming atmosphere and a variety of local events, it’s easy to make connections with your neighbors and enjoy the camaraderie of this close-knit community.

In summary, Rio Rancho Estates offers an exceptional quality of life with affordable housing options, making it a fantastic choice for anyone looking to settle in New Mexico. Come explore this thriving neighborhood and discover your dream home today!

Newest Rio Rancho Estates Homes under $350,000

$327,000

3 Beds ⋅ 2 Baths

5051 27th Ave NE is a one-story Rio Rancho detached home built in 2001 with a wide lot and desert setting. The kitchen includes wood cabinetry, stainless steel appliances, and practical prep space. The main living area has carpeted rooms, natural light, and flexible space for seating and dining. Bedrooms include closet storage, while bathrooms include tub or shower layouts and functional vanities. A laundry area, broad yard space, and low-maintenance exterior surroundings complete this New Mexico residence. Included 100-Day Home Warranty with buyer activation

5051 27th Avenue NE, Rio Rancho

$350,000

3 Beds ⋅ 2 Baths

Discover this charming residential home, built in 2025 and nestled on a spacious .34 acre lot. Boasting 3 bedrooms and 1 and 3/4 baths, this 1,516 sq. ft. residence is thoughtfully designed for today's lifestyle. The open floor plan enhances the home's inviting ambiance, featuring a combined living and dining area that seamlessly integrates with the contemporary kitchen, which showcases stainless steel appliances, sleek granite countertops, and a practical kitchen island. Additional highlights include a 2-car garage, refrigerated air, and ceiling fans for year-round comfort. Please be aware that the sale of this property is subject to short-sale approval, providing an exciting opportunity for buyers.

937 Northern Boulevard NE, Rio Rancho

$261,500

3 Beds ⋅ 3 Baths

Bring your vision and handy skills to this spacious home on a generous half-acre lot in a peaceful western Rio Rancho setting! Offering plenty of potential to renovate, personalize and create a home that truly reflects your style, this property is an exciting opportunity for buyers ready to roll up their sleeves and make it their own.HUD-Owned Home - Equal Housing Opportunity. Managed by Raine & Co. HUD Case #361-346720. HUD $100 down payment special available for all FHA-financed buyers! This property is listed IE - Insurable with Escrow - final financing eligibility subject to buyer's appraisal. This means that the home likely needs less than $10,000 in repairs in order to meet FHA's minimum property standards. If a buyer obtains FHA 203(B) financing they can borrow up to $10,000 more than the purchase price to be escrowed by their lender and paid to a licensed contractor approved by buyer's lender after closing to complete repairs to meet FHA minimum property standards. Buyers may also take advantage of FHA 203(K) renovation financing. This is a financing option for buyers to borrow more than the purchase price to affordably finance in all renovations / repairs not just limited to items to meet minimum property standards! Work must be performed post-closing by licensed contractors approved by buyer's mortgage company. Buyer remains responsible for earnest money, utility activation costs and applicable closing costs even when utilizing the FHA $100 down payment special. HUD homes are sold AS-IS, WHERE-IS, WITH ALL FAULTS. HUD will not make repairs or provide payment/credit for repairs prior to closing for any reason. Buyers are strongly encouraged to obtain independent professional inspections. A Property Condition Report (PCR), Environmental Compliance Record (ECR) and Property Listing Disclosure (PLD) are available for informational purposes only but are not substitutes for buyer's professional home inspections.Utility Turn-Ons: With an accepted bid, buyer is responsible for all costs associated with activating utilities for inspections/appraisal (such as plumbing mercury tests where applicable and all utility company expenses). Utility activation requires prior approval from HUD's Field Service Manager. If water line does not hold pressure in the PCR/PLD, buyer will not be permitted to put the water on. All bids must be submitted directly through the HUD Home Store website by HUD-approved brokers only. Not all real estate professionals are HUD-approved brokers, process to become approved can take up to 3 months to get set up. Bids are a closed-bidding process meaning that listing broker will not have knowledge of existence nor terms of any bids placed.

1205 5th Street NW, Rio Rancho

$325,000

3 Beds ⋅ 2 Baths

Sellers are offering a $5,000 credit towards buyers closing costs! Completely Remodeled & Move-In Ready! Welcome home to this beautifully renovated 3-bedroom, 2-bath residence, offering the perfect blend of modern updates, comfort, and value. Situated on a spacious 1/2-acre lot with convenient backyard access, this property provides plenty of room for RV parking and outdoor entertaining.This home has been extensively remodeled from top to bottom. Recent improvements include new interior and exterior paint, a new roof, new evaporative cooler, energy-efficient new windows, stylish luxury vinyl flooring, new kitchen appliances, new kitchen and bathroom cabinetry with updated countertops... Every detail has been thoughtfully updated, allowing you to move in and immediately enjoy your new home.

102 2nd Street SE, Rio Rancho

$299,900

4 Beds ⋅ 2 Baths

4 BR, 2 BA Spacious home, CITY WATER, REF, Washer & Dryer, Open FL PLN, vaulted ceilings, Large primary suite includes generously sized bathroom, Walk-in closet, DBL carport, storge shed, fully fenced on half an acre, gas furnace and H2O heater, upgraded insulation, dormer, covered front porch with disability access and so much more! Conveniently located. Some photos have been virtually staged and/or AI enhanced.

309 10th Avenue SW, Rio Rancho

$250,000

3 Beds ⋅ 2 Baths

BUILD YOUR DREAM HOME ON THIS GATED HALF-ACRE LOT! Rare opportunity to create a custom home in Rio Rancho with a valuable head start already in place. The property includes a completed garage with potential for a casita/additional living space, subject to buyer verification and permitting, gated entry, architectural blueprints for the proposed home, brand-new appliances still in the boxes, premium kitchen cabinetry, designer bathroom tile, and matching exterior stone and fireplace materials. Electricity and natural gas are available at the easement; private well and septic will be required, subject to applicable approvals. The seller began the construction project but ultimately had to step away. No additional construction work is included in the sale, but the existing plans and materials convey with the property for a buyer who wants to continue the vision--or create something entirely their own. Home shown is a rendering only and is not an existing structure. An exceptional opportunity for a buyer looking for land, privacy, and a head start on a custom home.

6429 Matamoros Road NE, Rio Rancho

$299,900

4 Beds ⋅ 2 Baths

Property has no active utilities and is not connected to the public electric grid. Prior electric system was solar and has been removed. Condition of all systems, including well, septic, HVAC, plumbing, roof, and electric is unknown. Inspections are at buyer expense.

2010 Desert Avenue NE, Rio Rancho

$342,500

3 Beds ⋅ 2 Baths

Spacious and inviting 3-bedroom, 2-bath home filled with an abundance of natural light. The updated kitchen features brand-new stainless steel appliances, sleek Corian countertops, and modern fixtures, creating a stylish and functional space for everyday living and entertaining. Both bathrooms have been refreshed with updated sinks, fixtures, and contemporary lighting. Updated carpet and laminate flooring, lighting, interior doors, along with fresh interior paint, give the home a clean, move-in-ready feel. Plus the shingles have been replaced on the roof as of 3/26! Situated on a generous half-acre lot, the outdoor space offers a blank canvas with endless possibilities to design your ideal landscape, garden, outdoor retreat or add a shed or workshop

5041 27th Avenue NE, Rio Rancho

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