Phoenix Homes under $500,000

Welcome to Phoenix, Arizona – a vibrant city where the sun shines over stunning desert landscapes, and the spirit of the Southwest comes alive! Nestled in Maricopa County, Phoenix boasts a rich tapestry of culture, outdoor adventures, and a thriving economy, making it one of the fastest-growing cities in the United States. With its breathtaking mountain views and an array of recreational opportunities, residents enjoy a perfect blend of urban and natural living.

For homebuyers seeking affordability without sacrificing quality, Phoenix offers a fantastic selection of homes under $500,000. This price point opens the door to a diverse range of properties, from charming single-family homes in established neighborhoods to modern condos with stunning city views. Whether you're a first-time buyer or looking to downsize, the Phoenix real estate market has something to cater to every lifestyle.

Imagine waking up in a cozy abode surrounded by the picturesque Sonoran Desert, where outdoor activities like hiking, biking, and golfing are just moments away. The city is also known for its vibrant arts scene, delicious dining options, and family-friendly attractions, making it a perfect place for everyone.

With a strong sense of community and a warm, welcoming atmosphere, Phoenix is not just a place to live; it’s a place to thrive. Explore the endless possibilities that await you in this remarkable city, where your dream home under $500,000 is just waiting to be discovered. Embrace the Phoenix lifestyle and experience the beauty of the Valley of the Sun!

Newest Phoenix Homes under $500,000

$499,000

2 Beds ⋅ 2 Baths ⋅ 7089796 MLS

Welcome to this charming single-level home in the highly desirable Pointe South Mountain community! This 2bed, 2bath, plus den offers an inviting open floor plan filled with natural light and vaulted ceilings. A cozy beehive fireplace creates a warm and welcoming focal point in the living area. The kitchen features a convenient breakfast bar. New kitchen appliances. The spacious primary suite offers a private bath with dual vanities and a separate tub and shower. Newly upgraded LVP flooring throughout the entire home--no carpet! This stylish and durable flooring creates a clean, modern feel throughout the living spaces. Step outside to your own private backyard retreat featuring a newly plastered sparkling pool perfect for relaxing in the Arizona sun.

4850 E Paseo Way, Phoenix

$340,000

4 Beds ⋅ 3 Baths ⋅ 7089788 MLS

Convenient -- all in one central corridor address. This 4-bedroom, 2.5-bath townhome needs some TLC The open floor plan flows effortlessly, with generously sized rooms that give you room to spread out and make it your own. Step outside to private patio or enjoy beautifully maintained grounds, complete with wide grassy green spaces and a sparkling community pool -- perfect for relaxing or entertaining. Close to some GREAT eating spots.

3876 N 30th Street, Phoenix

$375,000

3 Beds ⋅ 2 Baths ⋅ 7089787 MLS

Investor Special!!! This single level home poses a spacious lot with plenty of potential for outdoor living, entertaining, or future improvements. This investment opportunity offers a private pool, and potential for renovation. Conveniently located near shopping, dining, schools, and major roadways, the property presents an opportunity for investors looking to add value in a central Phoenix location.

7102 N 17th Drive, Phoenix

$339,999

3 Beds ⋅ 2 Baths ⋅ 7089756 MLS

NO HOA and UNDER $400K! Your chance to put down roots in this 3-bedroom, 2-bath brick ranch in established Ocotillo Park. Enjoy an updated kitchen, bathrooms upgraded in 2025, A/C upgraded in 2023 and air ducts replaced in 2025. Laminate and tile flooring make everyday upkeep easy. A separate family room and Arizona room give you space to spread out, while the covered patio and grassy, fenced backyard are ready for weekend barbecues or a quiet morning coffee. Single-level living, a private primary bath and extra storage add everyday convenience. Close to I-17, shopping and dining. See the Documents tab for the full list of seller-reported improvements, then come picture yourself at home!

2809 W Lawrence Road, Phoenix

$192,000

2 Beds ⋅ 1 Baths ⋅ 7089747 MLS

Beautiful 2-bedroom, 1-bathroom townhouse, recently updated kitchen, newer a/c, new water heater, 2 car, covered carport in the back, with a cute little fenced--in patio/yard. This property is also for lease. The HOA fees are very reasonable, and this property is being listed with roughly $10K in equity. Listing agent available for any questions.

3313 W Golden Lane, Phoenix

$428,500

3 Beds ⋅ 3 Baths ⋅ 7089732 MLS

Enjoy contemporary townhome living in the gated Urban at South Mountain community, ideally positioned near ASU, Sky Harbor Airport, shopping, dining, and major commuter routes. The Orinda plan creates a welcoming setting with a spacious great room and dramatic 15-foot slider that opens to the backyard, bringing in natural light and extending the living space outdoors. The designer kitchen showcases Stone Grey cabinetry, Arctic White quartz countertops, GE Profile stainless-steel appliances, and a generous island with pendant lighting. Upstairs, a versatile loft adds room for a home office or media lounge, while two secondary bedrooms provide flexibility. The private primary suite offers dual vanities, a walk-in shower, and spacious walk-in closet. ^^Up to 6% of Base Price can be applied towards closing cost and/or short-long-term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply. Ask for more information!

5836 S 35th Way, Phoenix

$455,090

3 Beds ⋅ 3 Baths ⋅ 7089726 MLS

Discover effortless urban living in the gated Urban at South Mountain community with the stylish Alpharetta plan. Designed for low-maintenance living, this home offers a convenient location near ASU, Sky Harbor Airport, I-10, shopping, dining, and entertainment. The inviting kitchen pairs Stone Grey cabinetry with Arctic White quartz countertops, stainless-steel appliances including the refrigerator, and a spacious island illuminated by designer pendant lighting. Upstairs, a versatile loft creates the perfect spot for a home office, media space, or creative studio. Two secondary bedrooms complement a private primary suite featuring dual vanities, a walk-in shower, and generous walk-in closet. Modern finishes and smartly designed spaces make everyday living feel easy and refined. ^^Up to 6% of Base Price can be applied towards closing cost and/or short-long-term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply. Ask for more information!

5840 S 35th Way, Phoenix

$447,000

3 Beds ⋅ 3 Baths ⋅ 7089708 MLS

Opportunity awaits in this 3-bedroom, 2.5-bath home in a desirable Phoenix location! This property offers a functional floor plan and plenty of potential for a buyer ready to add their own personal touches. The home needs some TLC and updating, making it a great opportunity for an owner-occupant, investor, or buyer looking to create a space that truly feels like their own. With a little vision and love, this home could really shine. Conveniently located near shopping, dining, schools, parks,lakes and easy freeway access. Bring your ideas and come see the possibilities! Home is being sold ''as is''condition.

16438 S 34th Way, Phoenix

$455,000

4 Beds ⋅ 2 Baths ⋅ 7089617 MLS

Discover this lovely home in August Sun Country Estates! Featuring a manicured desert landscape, an EV-ready garage, and an inviting front porch. Inside, you'll find abundant natural light, wood-look floors & soft carpet in the right places, and an excellent open-concept floor plan connecting the generous living area w/media niche to the eat-in kitchen. The impressive kitchen boasts recessed lights, wood cabinetry, quartz counters, SS appliances, subway tile backsplash, and an island w/breakfast bar. The main suite offers direct backyard access and includes a private bath w/dual sinks, separate tub/shower, and a walk-in closet. Your private retreat is complete with a covered patio, stone-paver seating area w/fire pit, and artificial turf, ideal for relaxing and entertaining. Move-in ready!

2521 W Darrel Road, Phoenix

$249,900

3 Beds ⋅ 2 Baths ⋅ 7089606 MLS

Investor dream in central Phoenix. This classic Ranch-style home offers a traditional single-story layout with multiple living areas, three bedrooms, a on-car attached garage, and a detached structures with additional full bathroom that provide added flexibility. The property needs TLC, making it an excellent opportunity for buyers looking to renovate, restore, or reimagine a home with solid potential. The lot features mature palms and a fenced yard, and the location provides convenient access to I-17, shopping, dining, and everyday amenities. With its established neighborhood setting and versatile footprint, this home presents a promising project for those seeking value and long-term upside. Being sold as-is and cash only.

1614 W Brown Street, Phoenix

$429,000

3 Beds ⋅ 2 Baths ⋅ 7089602 MLS

Discover the potential of this Grandview neighborhood opportunity in North Central Phoenix! Offering approximately 1,914 total sq ft, this 3-bedroom home features spacious living areas, a powered detached addition, and a generous lot ready for your personal touch. Ideally located near Uptown dining, shopping, parks, and major freeways, this is a rare opportunity to own in one of Central Phoenix's most sought-after neighborhoods. * * The property is sold As-Is, buyer should perform their due diligence and make their own assessments.

4518 N 9th Avenue, Phoenix

$300,000

3 Beds ⋅ 3 Baths ⋅ 7089598 MLS

Move-in ready and conveniently located! This 3-bedroom, 2.5-bath townhome offers a comfortable, functional layout with an updated kitchen featuring modern cabinetry, countertops and stainless steel appliances. Updated bathrooms, tile flooring throughout the main living areas and carpet upstairs add to the fresh, well-kept feel. Enjoy your own private outdoor space, plus two covered parking spaces. Rose Garden Townhouses offers a community pool and spa, with easy access to Loop 101 and I-17 for commuting throughout the Valley. A great opportunity for low-maintenance living in North Phoenix!

2106 W Pontiac Drive, Phoenix

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