Phoenix Homes under $500,000

Welcome to Phoenix, Arizona, a vibrant city that perfectly blends urban sophistication with the stunning beauty of the desert landscape. Nestled in Maricopa County, Phoenix is known for its year-round sunshine, breathtaking sunsets, and a rich cultural tapestry that offers something for everyone. From world-class dining and shopping to outdoor adventures in the surrounding mountains and parks, this city is a thriving hub of activity and relaxation.

For homebuyers seeking an affordable slice of this sunny paradise, Phoenix offers a diverse range of homes under $500,000. Whether you're a first-time buyer, a growing family, or looking to downsize, there are plenty of options that cater to your needs and lifestyle. You can find charming single-family homes in family-friendly neighborhoods, modern townhouses with low maintenance, and even cozy condos perfect for those who prefer a lock-and-leave lifestyle.

The real estate market in Phoenix is dynamic and ever-evolving, making it an exciting time to invest in your dream home. With its extensive amenities, excellent schools, and proximity to major employers, Phoenix not only provides a great quality of life but also a solid investment opportunity. Imagine enjoying your morning coffee while gazing at the iconic Camelback Mountain or taking a stroll through the vibrant downtown arts district.

In Phoenix, you don’t just find a house; you find a community, a lifestyle, and a place to call home. Explore the possibilities today and discover why Phoenix is the perfect place to plant your roots!

Newest Phoenix Homes under $500,000

$190,000

2 Beds ⋅ 1 Baths ⋅ 7089056 MLS ⋅ 750 SqFt.

Welcome to your updated Central Phoenix charmer! This cozy 2 bed, 1 bath home has a great location. Just minutes from GCU, GCC, Metro center, and I-17 for an easy commute. Move-in ready and waiting for you!

9222 N 35th Avenue Unit 1, Phoenix

$299,000

2 Beds ⋅ 2 Baths ⋅ 7089053 MLS ⋅ 1,277 SqFt.

Step inside this 4th-floor residence at Tapestry on Central with amazing east facing views. A separate den greets you near the entry, providing a dedicated setup for a quiet home office. To the left, the kitchen features gas cooking and an adjacent indoor laundry room. The layout opens up to a split 2-bedroom design centered around a main living area with a gas fireplace. Step out onto the private balcony for city and mountain views. Includes 2 assigned spaces in the gated underground garage and full access to community amenities: heated pool, spa, sauna, and fitness center. Located in Midtown Phoenix directly across from the Encanto Light Rail station, steps from the Heard Museum, Phoenix Art Museum, and local dining.

2302 N Central Avenue Unit 404, Phoenix

$139,900

3 Beds ⋅ 2 Baths ⋅ 7089032 MLS ⋅ 1,452 SqFt.

Duplex Cash-only purchase; requires total renovation. No inspection or financing contingencies. No Buyer Premium. Information deemed reliable but not guaranteed; for informational purposes only, not a legal document. Buyer or Buyer's Agent to verify all material facts: figures, schools, dimensions, square footage, permits, etc.

1019 E Pima Street, Phoenix

$139,900

3 Beds ⋅ 2 Baths ⋅ 7089029 MLS ⋅ 1,544 SqFt.

Cash-only purchase; duplex back house rented for $700/month. Requires total renovation. No inspection or financing contingencies. No Buyer Premium. Information deemed reliable but not guaranteed; for informational purposes only, not a legal document. Buyer or Buyer's Agent to verify all material facts: figures, schools, dimensions, square footage, permits, etc.

1017 E Pima Street, Phoenix

$139,900

3 Beds ⋅ 1 Baths ⋅ 7089024 MLS ⋅ 1,287 SqFt.

Cash-only purchase; requires total renovation. No inspection or financing contingencies. No Buyer Premium. Information deemed reliable but not guaranteed; for informational purposes only, not a legal document. Buyer or Buyer's Agent to verify all material facts: figures, schools, dimensions, square footage, permits, etc.

1427 S 13th Place, Phoenix

$199,000

3 Beds ⋅ 1 Baths ⋅ 7089018 MLS ⋅ 1,008 SqFt.

Discover modern living in this beautifully remodeled 3-bedroom, 1-bath townhouse! Enjoy a bright, open living space filled with natural light and stylish wood-look plank flooring. The fully updated kitchen features sleek quartz countertops, a smooth-top electric range, and stainless steel appliances. Upstairs, find generously sized, updated bedrooms and a stylish bathroom. Relax on your private patio or enjoy the community pool just steps away. Additional features include assigned parking, laundry hookups, and extra storage. Conveniently located just minutes from Phoenix Sky Harbor International Airport, Downtown Phoenix, ASU, and major freeways, this move-in-ready home offers modern style and everyday convenience!

4015 S 45th Street, Phoenix

$359,900

4 Beds ⋅ 2 Baths ⋅ 7088962 MLS ⋅ 1,378 SqFt.

YOU MAY BE ABLE TO TAKE ADVANTAGE OF A CONVENTIONAL GRANT DOWNPAYMENT ASSISTANCE FINANCING OR A 2/1 BUY-DOWN PROGRAM BY USING ONE OF THE SELLERS PREFERRED LENDERS. This centrally located 4bd/2ba home with updated flooring, ceiling fans, bathrooms and an open kitchen concept. There is a large covered back patio with a detached 2 car garage and RV Gate, which is part of the spacious private backyard. Plenty of shopping and dining options and access to the I-10 is just minutes away. No HOA.

5011 W Mackenzie Drive, Phoenix

$350,000

3 Beds ⋅ 4 Baths ⋅ 7088954 MLS ⋅ 1,454 SqFt.

Welcome to this beautifully updated 3-bedroom, 3.5-bathroom condo, ideally located in Phoenix's vibrant Melrose District. Just steps away from your favorite bars, restaurants, coffee shops, and local boutiques, this home offers the perfect blend of urban convenience and modern comfort. Inside, you'll find a thoughtfully designed layout featuring three ensuite bedrooms, including two luxurious master suites--ideal for guests, roommates, or multigenerational living. The open-concept living area is bright and inviting, with tasteful finishes throughout. Located in a secure, gated community, this condo includes two assigned parking spaces in a covered garage, adding convenience and peace of mind.

4330 N 5th Avenue Unit 213, Phoenix

$349,900

4 Beds ⋅ 3 Baths ⋅ 7088952 MLS ⋅ 1,610 SqFt.

4 bedroom, 3 full bath home with a 2-car garage in Phoenix. It's updated throughout with new interior paint, new luxury vinyl flooring, new light fixtures, and new ceiling fans, so there's nothing to do but move in. 2020 HVAC The kitchen has espresso cabinets, quartz countertops, and a breakfast bar. Stainless steel appliances are included including a fridge. The open living space is bright and open, and 2-inch wood faux blinds are installed throughout. A full bedroom and full bathroom downstairs make this layout work for guests, multi-generational living, a home office, or anyone who wants to avoid stairs. New Gas water heater Out back, the covered patio gives you shade for outdoor dining and relaxing. North/south exposure.

3740 W Oregon Avenue, Phoenix

$450,000

3 Beds ⋅ 3 Baths ⋅ 7088947 MLS

Three-unit GATED multifamily property near 17th Ave and Hatcher in Phoenix! Each unit includes a living room, kitchen, 1 bedroom, 1 bathroom, tile/vinyl flooring throughout, ceiling fans, washer/dryer in unit, 1 covered parking spot per unit, and private storage for each unit. All units are individually metered for electric and gas. Tenants also pay a 1/3 share of common-area utility bills. Great location near bus routes, Castles N' Coasters, North Mountain Park, El Rancho Market, Rose Mofford Sports Complex, and HonorHealth!

9450 N 17th Avenue, Phoenix

$375,000

2 Beds ⋅ 2 Baths ⋅ 7088943 MLS ⋅ 1,400 SqFt.

This BEAUTIFUL home stands out ABOVE the rest, with Luxury finishes throughout ! Your wish list is complete with the following Upgrades and Features: * An Open Floor Plan * A large Kitchen * An Oversized Kitchen Island with Seating * Gorgeous Quartz Countertops * All Stainless Appliances * Both Bathrooms have been remodeled with Tiled Showers, Quartz Countertops, Stylish mirrors, newer Lighting + Hardware * The Split Bedroom Floorplan, has a Large Primary Suite, and the Second Bedroom is located in its own wing...and there's more ! * Elegant Window Shutters throughout * An Interior Laundry Room * Beautiful Interior Doors and Hardware * A Gated Front Entry with a Seating Area, in addition to an enclosed private Back Patio * Also, an Attached Garage, and a Brand New Central A/C * * ENJOY your refreshing Community Pool, just a short stroll away * You'll be Located in the Desirable "Upper Middle Phoenix" Area, great for Hiking Trails and Golf, and only 20 minutes to the Airport. This Property is COMPLETE ! Just MOVE IN and RELAX...ALL THE WORK is DONE !

10655 N 9th Street Unit 110, Phoenix

$409,000

2 Beds ⋅ 3 Baths ⋅ 7088925 MLS ⋅ 1,435 SqFt.

Absolutely immaculate townhome in a resort-style setting at the base of South Mountain! Located just steps from hiking and biking trails and minutes from the AZ Grand Golf Course, and downtown Phoenix. A well thought out and beautifully updated home throughout offers comfort with modern style. Upstairs features two spacious bedroom suites, each with its own beautifully remodeled bathroom, creating a private spa-like retreat. The open-concept downstairs floor plan offers a seamless flow between the living, dining, and kitchen areas, along with a convenient half bath for guests. The remodeled kitchen showcases new quartz countertops, stainless-steel appliances, white cabinetry, recessed lighting, high-end faucets, and designer lighting fixtures. See Supplemental Remarks Newer luxury plank flooring extends throughout the home, complimented by updated hardware, moldings, ceiling fans, and lighting fixtures. The front, back and side yards are comparably over sized for kids and pets. Great views. Both bedroom suites have bathrooms featuring updated cabinetry, granite countertops, and stylish finishes, adding to the home's upscale feel. Additional highlights include a brand new A/C unit, new inside and out solar screens and landscaping. Unit has a one-car garage with fully epoxied flooring and overhead storage. With its resort-style surroundings, modern upgrades, and exceptional location near outdoor recreation and golf, this townhome is truly ready to move in and enjoy!

8825 S 51st Street S Unit 1, Phoenix

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