Phoenix Homes under $500,000

Welcome to Phoenix, Arizona, a vibrant city that perfectly blends urban sophistication with stunning natural beauty. Nestled in Maricopa County, Phoenix is not only the state capital but also the fifth-largest city in the United States, known for its year-round sunshine, breathtaking desert landscapes, and a rich cultural tapestry. With a thriving economy, diverse neighborhoods, and a plethora of outdoor activities, Phoenix is an ideal place to call home.

For those seeking affordable housing options, Phoenix offers a remarkable selection of homes under $500,000. Whether you're a first-time buyer, a growing family, or looking to downsize, the Phoenix real estate market has something for everyone. From charming single-family homes in established neighborhoods to modern townhouses in up-and-coming areas, you’ll find a variety of styles and layouts to suit your needs.

Imagine living in a community where you can enjoy the beauty of the Sonoran Desert right in your backyard, with easy access to hiking trails, parks, and recreational activities. The city is also home to an array of dining options, shopping venues, and cultural attractions, including museums, art galleries, and theaters, ensuring there's always something to explore.

With a median home price that remains accessible, Phoenix continues to attract buyers looking for value without sacrificing quality of life. Discover your dream home in this dynamic city, where the sun shines bright, and opportunities abound. Embrace the Phoenix lifestyle and make your move today!

Newest Phoenix Homes under $500,000

$329,000

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

6269 W College Drive, Phoenix

$435,000

4 Beds ⋅ 3 Baths ⋅ 7088762 MLS ⋅ 3,181 SqFt.

3126 W Apollo Road, 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

$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

$359,900

4 Beds ⋅ 1 Baths ⋅ 7088579 MLS ⋅ 1,172 SqFt.

Incredible value at $359,900! This vacant, move-in ready 4-bedroom home offers exceptional space and peace of mind with major capital improvements already done. Highlights include a brand NEW roof (2026) and newer HVAC system (2023). Enjoy 1,509 sq ft of functional living area (buyer to verify unpermitted additions/sq ft) on a generous lot with NO HOA. Clean, turnkey, and priced to sell!

6919 W Cypress Street, Phoenix

$498,995

3 Beds ⋅ 3 Baths ⋅ 7088571 MLS ⋅ 1,875 SqFt.

Welcome to the Larimar at Baker Farms, a beautifully designed 3-bedroom, 3-bath home featuring two private owner suites and a versatile flex room. The spacious great room flows into the dining area and impressive kitchen with a large island and walk-in pantry, while center-meet doors open to the covered patio. The greenbelt homesite with open fencing and no direct rear neighbors offers added privacy and an open, peaceful backdrop. The home also features a convenient laundry room, mudroom, 2-car garage and professionally curated finishes throughout. Located in gated Baker Farms, residents enjoy parks, trails, BBQ grills, Ramadas and greenbelt spaces, all conveniently located near shopping, dining and major roadways.

8032 W Eaton Road, Phoenix

$365,000

3 Beds ⋅ 2 Baths ⋅ 7088561 MLS ⋅ 1,128 SqFt.

Beautifully Updated & Move-In Ready - Brand New AC + Extensive Updates + New Water Heater +Huge Backyard & RV Gate. From the moment you step inside, you'll notice the difference on how the New flooring flows throughout the home, complemented by fresh interior & exterior paint, new blinds, stylish new light fixtures & new ceiling fans that create a bright, polished & welcoming atmosphere. The updated kitchen also features a brand-new sink, new stove & microwave with plenty of cabinet space & refreshed finishes. Both bathrooms have been beautifully updated with new showers, vanities & toilets, creating clean, comfortable spaces that feel wonderfully new. And then there's the backyard, Expansive, versatile & ready for your vision, there's room to entertain, garden, create a play area or let the dogs run. The RV gate and 2-car garage add valuable flexibility for vehicles, storage & all of your Arizona toys. When it comes to peace of mind, the major updates have already been taken care of. Enjoy a brand-new AC with a transferable 10-year warranty, a brand-new water heater, and a roof approximately 6 years old--giving you more time to focus on enjoying your home rather than worrying about the big-ticket items. This isn't just a house with upgrades--it's a home where you can settle in, breathe easy & start creating your next chapter. Come see it, feel it, and imagine yourself calling it home! Your next chapter starts here.

8307 N 29th Avenue, Phoenix

6900 E Princess Drive Unit 1160, Phoenix

$359,000

2 Beds ⋅ 2 Baths ⋅ 7088558 MLS ⋅ 843 SqFt.

Beautiful 2 bed/2 bath ground floor condo with larger patio. This condo is newly renovated and beautifully fully furnished. Split floor plan with a king bed in the master and a queen bed in the 2nd bedroom! Huge walk in closet in the master bedroom and both bathrooms have new quartz countertops. 55'' Smart TV with Cable / Netflix & streaming access. T he kitchen has stainless steel appliances, granite countertops. This unit has a full size washer and dryer located in the main hallway. Large covered patio overlooking a courtyard with seating for 4. Gated community with pools, hot tubs, gym, grilling areas, Located access to the 101, minutes to Kierland, great shops, restaurants and golf courses. This is fully furnished, turn key.

6900 E Princess Drive Unit 1160, Phoenix

$424,900

2 Beds ⋅ 3 Baths ⋅ 7088542 MLS ⋅ 1,656 SqFt.

This beautifully updated two-bedroom, two-and-a-half-bath unit with a loft/office is just steps away from the sparkling community pool. The first floor offers a bright and spacious layout featuring ALL NEW elegant travertine flooring throughout the living room, dining area, and kitchen, creating a cohesive and sophisticated feel. The kitchen shines with BRAND NEW stainless steel appliances, and granite countertops. A convenient half bath, separate dining area, and inviting living room with a cozy wood-burning fireplace complete the main level. Upstairs, enjoy two ensuite bedrooms, a versatile loft/office space, and a laundry room for added convienence. The upstairs bathrooms have been tastefully upgraded with NEW travertine tile flooring and NEW vanities. The primary bedroom features a HUGH walk-in closet large enough to accommodate a nursery, toddler's room, exercise room, or even a second office. The primary ensuite is a true retreat, boasting dual sinks, a NEW spacious snail shower, and a large jacuzzi tub--perfect for unwinding after a long day. The balcony off the primary suite has been resurfaced which looks completely refreshed and new. Need a home office? The loft features custom built-in desks and bookshelves, offering a stylish and functional workspace. Step outside to the inviting back patio, complete with tile and artificial turf for a low-maintenance outdoor space, all shaded by beautiful mature trees. Additional recent upgrades include an air conditioning unit that is only one year old, offering energy efficiency and peace of mind. HOA fees cover essential services including water, trash, sewer, front landscaping, pest control, community maintenance, and exterior structure insurance--allowing you to enjoy a hassle-free lifestyle while preserving the beauty of your surroundings. This cozy and thoughtfully upgraded townhouse which perfectly blends comfort, style, and functionality is ready for you to make it your own. Make sure you check out the 3D Virtual Walkthrough!

5750 N 10th Street Unit 5, Phoenix

Start Your Search

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.