Phoenix Homes under $400,000

Welcome to Phoenix, Arizona—a vibrant city that beautifully marries the allure of urban living with the stunning backdrop of the Sonoran Desert. As the state capital and the fifth most populous city in the United States, Phoenix offers a dynamic lifestyle filled with cultural experiences, outdoor adventures, and a thriving economy. With over 300 days of sunshine a year, residents enjoy a warm climate that invites year-round outdoor activities, from hiking in the nearby Camelback Mountain to exploring the lush landscapes of Desert Botanical Garden.

For those seeking affordable housing options in this bustling metropolis, you’ll be pleased to discover a range of homes available for under $400,000. This price point opens the door to a variety of charming neighborhoods, each with its unique character and amenities. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, Phoenix offers a diverse selection of properties—from cozy single-family homes to modern townhouses.

Living in Phoenix means you’ll have access to a rich tapestry of cultural attractions, including the Phoenix Art Museum, the Heard Museum, and a vibrant food scene that celebrates Southwestern flavors. Additionally, the city’s robust job market, particularly in sectors like technology and healthcare, makes it an attractive place to plant your roots.

Explore the possibilities that await you in Phoenix, where affordable housing meets an enviable lifestyle. Embrace the warmth of the desert and the welcoming community that makes Phoenix not just a place to live, but a place to thrive. Your dream home in the Valley of the Sun is just around the corner!

Newest Phoenix Homes under $400,000

$325,000

3 Beds ⋅ 1 Baths ⋅ 7088854 MLS ⋅ 1,035 SqFt.

Investor opportunity with two separate living spaces, paid off solar, and all new plumbing and drainage! Fully remodeled and fully furnished, this Phoenix property features a main residence plus a detached casita, offering excellent flexibility for additional rental income, extended family, or guests. The casita includes its own bedroom, full bathroom, and full kitchen, allowing it to function as a completely independent living space. Both the main home and detached casita come fully furnished, making this a truly move in ready opportunity. Both kitchens feature beautiful quartz countertops, complemented by fully remodeled bathrooms and modern finishes throughout. With two furnished living spaces, this property offers exciting potential for traditional or short term rental use, subject to applicable regulations. Conveniently located near shopping, restaurants, everyday essentials, and freeway access, this is a unique opportunity for investors or buyers looking for additional income potential in Central Phoenix.

4233 N 32nd Avenue, Phoenix

$216,000

3 Beds ⋅ 1 Baths ⋅ 7088849 MLS ⋅ 1,499 SqFt.

This single-level Phoenix home is brimming with potential and ready to be transformed. A fully fenced property with driveway parking. Inside, you'll find large living spaces paired with a fireplace. The eat-in kitchen boasts built-in appliances and cabinetry for ample storage. With 3 bedrooms and 1 bathroom, this gem offers a functional layout with plenty of room to accommodate everyday living. Check out the spacious backyard with a patio, waiting for your creative ideas! With room for a pool or other outdoor additions, the possibilities are yours to explore. Conveniently located near schools, parks, shopping, restaurants, and freeway access. Don't let this value pass by!

1522 W Wier Avenue, Phoenix

$349,900

3 Beds ⋅ 2 Baths ⋅ 7088842 MLS ⋅ 1,415 SqFt.

Who's going to be first? Best value under $400K you will find in a North Phoenix neighborhood! This home is not only fresh with new 2-tone interior colors and exterior colors, sits on a 8,469 SF lot (with HUGE backyard, storage shed and RV gate), but has a OWNED SOLAR SYSTEM. Solar / Roof / HVAC / Water Heater are all approximately 5-years new! NO HOA. 2025 property tax was only $905 Red washer / dryer / stainless refrigerator included. Wood burning fireplace. Great Room. Bay Window kitchen eating area. All new blinds. Ceiling fans. Tile and wood / wood like flooring. Owners suite with large walk-in closet. Covered patio. 2-car garage with work station area. I wouldn't hesitate on this! Vacant on ARMLS LB.

17442 N 34th Lane, Phoenix

$190,000

2 Beds ⋅ 1 Baths ⋅ 7088831 MLS ⋅ 950 SqFt.

Great fixer-upper opportunity with major big-ticket updates already done! This single-story 2-bed, 1-bath home offers 950 sq ft on an expansive 7,050+ sq ft lot with no HOA. The heavy lifting is complete: central A/C is just 2 years old, the main roof is 3 years old, and the carport features a durable corrugated steel roof (10 yrs). The home needs work and is being sold strictly as-is, making it an ideal chance to bring your design ideas, complete cosmetic updates, and build instant sweat equity. The large private lot offers endless room for outdoor living, storage, or projects. Conveniently located near I-10 and Loop 101 for easy Valley commuting. Bring your tools and make this property your own!

6226 W Osborn Road, Phoenix

2725 E Mine Creek Road Unit 2192, Phoenix

$320,000

2 Beds ⋅ 2 Baths ⋅ 7088781 MLS ⋅ 1,091 SqFt.

Welcome to The Pinnacle at Desert Peak. This move-in ready 2-bed, 2-bath townhome offers 1,094 livable sq ft all on one level, plus a direct-access 1-car garage. Located in a peaceful area of the community, this end unit allows you to enjoy privacy and a mountain view corridor. The kitchen features granite counters, stainless steel appliances and refinished cabinetry. Tile flooring in living areas, carpet in bedrooms, designer lighting, walk-in laundry room, and a spacious primary suite with a walk-in closet and primary bathroom with dual sinks. Upgraded with a Halo whole-home water treatment system. Community amenities include a heated pool, spa, ramadas, BBQ area, children's playground and grass play areas. Minutes from Desert Ridge Marketplace, dining, shopping and the Loop 101.

2725 E Mine Creek Road Unit 2192, Phoenix

$329,000

3 Beds ⋅ 2 Baths ⋅ 7088770 MLS ⋅ 2,132 SqFt.

6269 W College Drive, Phoenix

$345,000

2 Beds ⋅ 2 Baths ⋅ 7088749 MLS ⋅ 892 SqFt.

Brand new 2026 interior paint, sleek vinyl flooring throughout, updated lighting, and a fully serviced HVAC system for year round comfort. Sunlit 2 bedroom, 2 bathroom open layout featuring an eat in kitchen, seamless living and dining areas, and convenient indoor laundry. Thoughtfully equipped kitchen featuring full stainless steel appliances. Luxurious retreat featuring a large closet with a pocket door, en suite full bath with updated fixtures, and direct access to the private backyard. Access to the Ahwatukee Recreation Center, featuring two sparkling pools, pickleball courts, a fitness center, artisan studios, a woodshop, and over 40 social clubs, dances, and events!

13023 S 45th Place, Phoenix

16225 N Cave Creek Road Unit 85, Phoenix

$49,999

2 Beds ⋅ 2 Baths ⋅ 7088746 MLS ⋅ 832 SqFt.

**Financing available**Villa Carmel 55+ Adult gated community! Be charmed by this delightful 2-bedroom manufactured home with its own Extended covered carport/patio! Inside, vaulted ceilings and wood-look floors create an inviting vibe, while the cozy living room practically calls you to kick back and relax. The kitchen brings the flavor with chocolate-stained staggered cabinets, generous counter space, built in microwave, Gas stove and all the essentials to fuel your inner chef. The primary bedroom even spoils you with its own private bathroom. And the community? Oh, it's packed with goodies such as a refreshing pool, an indoor spa for unwinding, a fitness center to keep you moving, and plenty more fun waiting to be discovered. Come see it for yourself and picture the easygoing lifestyle waiting for you! Across from the clubhouse.

16225 N Cave Creek Road Unit 85, Phoenix

$335,625

4 Beds ⋅ 2 Baths ⋅ 7088683 MLS ⋅ 1,250 SqFt.

Fantastic opportunity to own a ranch-style residence in the desirable Phoenix with a spacious fenced front yard and no HOA! Inside, you'll find an inviting living/dining room perfect for entertaining guests. Soothing palette, neutral tile floors, and French doors patio access are some of the features worth mentioning! Cook your favorite meals in this lovely kitchen with ample cabinets, tile counters & backsplash. The primary bedroom boasts handsome wood-look floors, a sizable closet, and a private ensuite. Oversized backyard includes a covered patio, storage shed, and plenty of spaces for your future desert oasis! You don't want to miss this value.

3432 W Glenrosa Avenue, Phoenix

$180,000

1 Beds ⋅ 1 Baths ⋅ 7088611 MLS ⋅ 784 SqFt.

Welcome to this beautifully renovated 1 bed, 1 bath condo in the heart of Midtown Phoenix. Move-in ready and filled with natural light, this urban-style unit features a modern kitchen and a cozy bedroom retreat perfect for unwinding after a long day. Located within the charming, gated Turney Villa Condominiums, residents enjoy a sparkling community pool, lush green spaces, BBQ grills, and covered parking - plus it's pet-friendly! Enjoy unbeatable convenience with the trendy Melrose District, Downtown Phoenix, Sky Harbor Airport, and the upscale Biltmore area all just minutes away. Whether you're an investor or looking for your next home base, this condo checks all the boxes. Stop by and look today!

1111 E Turney Avenue Unit 3, Phoenix

$389,000

3 Beds ⋅ 1 Baths ⋅ 7088610 MLS ⋅ 1,116 SqFt.

This 3 bed 1 bath bungalow sits right in the middle of central Phoenix, minutes from the restaurants and vintage shops along Melrose on 7th Avenue, the trails and lagoon at Encanto Park and the open lawns of Steele Indian School Park. On a 7,000 sq ft lot with no HOA, it's about as cute as they come. Fresh paint runs throughout, and real wood floors carry from the living room into the dining area and primary bedroom, with plantation shutters softening the light. The updated kitchen has white cabinetry, granite countertops, a subway tile backsplash and a gas range. Off the main living space, the Arizona room gives you flexible bonus space for an office, a reading spot or a place to land. Three bedrooms share the full bath. Out back is where this one really shines. A large block-fenced yard with brick paver patios, a storage shed and an RV gate with additional parking gives you room to spread out. The big items are already handled too, with HVAC replaced in 2019 and roof update in 2020. Nothing left to do but unpack.

1306 W Clarendon Avenue, Phoenix

$199,999

2 Beds ⋅ 2 Baths ⋅ 7088590 MLS ⋅ 875 SqFt.

Enjoy North Mountain views from this inviting 2-bedroom, 2-bath end-unit condo featuring single-level living, tile flooring throughout, a private patio, and assigned covered parking, with guest street parking just steps away. Located near the community pool, this thoughtfully updated home features new windows and a second-bedroom glass slider (2023), refreshed showers and toilets in both bathrooms, and a new primary bathtub. Additional improvements include a water heater (2025), Whirlpool oven (2024), Whirlpool washer and dryer (2025), Ecobee Wi-Fi thermostat (2023), and new kitchen sink and faucet. A split-bedroom layout offers added privacy. With thoughtful updates and mountain views, this condo offers exceptional value in a desirable North Phoenix location! Buyer and buyer's agent to verify all facts and figures listed in the MLS.

925 W Peoria Avenue Unit 7, Phoenix

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