Tempe Homes under $500,000

Welcome to Tempe, Arizona, a vibrant city nestled in the heart of Maricopa County! Known for its stunning desert landscapes and a lively atmosphere, Tempe is a fantastic place to call home. With a rich blend of culture, outdoor activities, and educational opportunities, this city offers an exciting lifestyle for residents of all ages. Home to Arizona State University, Tempe boasts a youthful energy, filled with art galleries, music festivals, and a thriving dining scene that caters to every palate.

For those seeking an affordable housing option in this dynamic city, Tempe presents a variety of charming homes under $500,000. Whether you're a first-time homebuyer or looking to downsize, you’ll find a range of properties that suit your needs. From cozy single-family homes with beautiful backyards to modern townhouses with community amenities, the options are plentiful. Enjoy the convenience of being close to public transportation, shopping centers, and recreational parks, all while residing in a community that values connection and growth.

The Tempe real estate market is not only accessible but also offers the potential for long-term investment. With its desirable location, excellent schools, and a strong sense of community, homes in this price range are highly sought after. Experience the perfect blend of urban living and outdoor adventure in Tempe, where your dream home awaits. Don’t miss out on the chance to be part of this thriving city!

Newest Tempe Homes under $500,000

$299,500

2 Beds ⋅ 2 Baths ⋅ 7087850 MLS ⋅ 884 SqFt.

Remodeled, move-in ready and exceptionally well located! This true 2-bedroom, 2-bath townhome offers a stylish, updated interior with an open living space, modern kitchen, updated baths and thoughtfully designed finishes throughout. Enjoy your own private outdoor space and the ease of low-maintenance living in the heart of Tempe. Located near Hardy & Southern, just minutes from ASU, Sky Harbor Airport, shopping, dining and major freeways for easy access throughout the Valley. A turnkey Tempe home that combines location, style and convenience--ready for its next owner.

3306 S Parkside Drive, Tempe

$350,000

3 Beds ⋅ 2 Baths ⋅ 7087814 MLS ⋅ 1,439 SqFt.

Turnkey and completely move-in ready! This single-level 3-bed, 2-bath townhome in University Royal Garden Homes offers 1,439 sq ft of low-maintenance living with no neighbors above. Inside, enjoy fresh neutral paint, wood-look plank floors, and a bright living room with skylights and floating shelves flowing into a dedicated dining area. The kitchen features dark wood cabinets and stainless appliances. The primary suite boasts new carpet, an ensuite bath with a walk-in shower, and a sliding door out to a private yard with artificial turf and paver patio. Complete with 2 covered carport spaces and an HOA covering exterior maintenance, front yard care, water, sewer, and trash. Walk out front to an extensive park and community pool. Put this on your list to see right away

606 E Colgate Drive, Tempe

$450,000

3 Beds ⋅ 2 Baths ⋅ 7087776 MLS ⋅ 1,806 SqFt.

Welcome to this inviting 3-bedroom, 2-bath home in an established Tempe neighborhood. Offering approximately 1806 sq. ft., the home features a comfortable, functional floor plan with spacious living areas and a traditional style that has been well maintained over the years. The kitchen offers granite countertops, stainless steel appliances and ample cabinetry, with wood-look tile flooring throughout much of the home. Set on a generous lot with plenty of outdoor space to enjoy or make your own. Conveniently located near shopping, dining, parks, ASU and major freeways, this is a great opportunity to own a well-cared-for home in the heart of Tempe.

1873 E Watson Drive, Tempe

$269,000

2 Beds ⋅ 1 Baths ⋅ 7087480 MLS ⋅ 905 SqFt.

Welcome to this cozy, inviting Hudson Trace condo! Feel the good vibes and sensible style the moment you enter this bright, airy home featuring a 1-car garage, vaulted ceilings, and a spiral staircase to a flexible loft (ideal 2nd bedroom or office). Premium upgrades include a Bosch eco-friendly HVAC (2024), double-pane Jeld-Wen windows, new ceiling fans, and double French front doors with built-in blinds. The kitchen boasts granite countertops, a gray composite sink, and newer appliances, plus a new stackable washer/dryer (2025). The bathroom is beautifully updated with a new vanity, mirror, lighting, and toilet. Includes outdoor storage and a PRIME location at the convergence of the 101, 202, and US 60 freeways for an easy commute!

2333 E Southern Avenue Unit 2021, Tempe

$500,000

3 Beds ⋅ 2 Baths ⋅ 7087167 MLS ⋅ 1,660 SqFt.

PRICED TO SELL! This 3-bedroom, 2-bath Tempe home is priced well below market, creating an incredible opportunity to own in a prime location just minutes from ASU, Tempe Town Lake, Mill Avenue, Old Town Scottsdale, dining, shopping, entertainment, and major freeways. Inside, vaulted ceilings, plantation shutters, a cozy fireplace, and spacious living areas create a warm, inviting feel. The primary suite offers dual sinks and private backyard access. Step outside to your own Arizona retreat with a covered patio for entertaining and a sparkling pool perfect for sunny days and relaxing evenings. With a 2-car garage, great location, and compelling price, this is an opportunity you don't want to miss!

448 E Susan Lane, Tempe

$310,000

3 Beds ⋅ 2 Baths ⋅ 7087098 MLS ⋅ 1,088 SqFt.

Great location just minutes from freeway access, shopping, dining, and everyday conveniences. This charming duplex-style condo offers an inviting open floor plan with vaulted ceilings and a cozy fireplace, creating a comfortable living environment. The split primary bedroom provides added privacy and flexibility. Recent 2026 updates include carpet, vinyl flooring and fresh interior paint in neutral tones throughout. Enjoy the benefits of a quiet neighborhood along with community amenities including a private park and pool. A wonderful opportunity for comfortable, low-maintenance living in a convenient location! Owner Agent. Professional pictures coming.

1029 W Laguna Drive, Tempe

945 E Playa Del Norte Drive Unit 2007, Tempe

$399,000

2 Beds ⋅ 2 Baths ⋅ 7086894 MLS ⋅ 1,208 SqFt.

Luxury modern resort-style living on Tempe Town Lake! Step outside and jog or bike along the waterfront boardwalk, launch your kayak from your lakefront community, or simply relax and enjoy the incredible resort-style amenities. Surrounded by lush landscaping, the community features a cascading pool and spa overlooking the lake, a barbecue and entertaining area with bar, and a fully equipped fitness center. This beautifully updated 2 bedroom, 2 bath residence lives much larger than its square footage thanks to an impressive 250-square-foot east-facing patio, perfect for morning coffee, outdoor dining, and Arizona evenings complete with an exterior fireplace and additional storage. Inside, luxury upgrades continue with LVP flooring throughout, crisp white shaker cabinetry, granite counter tops, stainless steel appliances, custom bathroom vanities, subway-tiled showers in both bathrooms, fresh interior paint, and 5-inch baseboards. A full-size washer and dryer are conveniently located inside the unit. Whether you're looking for a full-time residence, lock-and-leave Arizona retreat, or a home surrounded by the energy and lifestyle of Tempe Town Lake, this one is a must-see!

945 E Playa Del Norte Drive Unit 2007, Tempe

$389,000

3 Beds ⋅ 2 Baths ⋅ 7086808 MLS ⋅ 1,250 SqFt.

Location, convenience & classic Tempe charm! This well-cared-for 1,235 SF block bungalow offers 3 bedrooms, 2 baths & decades of pride of ownership--the previous owner called it home since the 1990s. The backyard may be the real surprise: peaceful, private & unbelievably relaxing--it truly must be experienced to be appreciated! A rear RV gate off the alley leads to a covered carport that could easily double as a second covered patio. Plus a 1-car garage! Just minutes from ASU, Tempe Town Lake, Old Town Scottsdale, shopping, dining & major freeways. A wonderfully cared-for Tempe home in an incredibly convenient location!

1247 E Valerie Drive, Tempe

$449,900

3 Beds ⋅ 2 Baths ⋅ 7086627 MLS ⋅ 1,250 SqFt.

Welcome to this single-level 3-bedroom, 2-bath home in Tempe's established University Royal neighborhood with sparkling pool and no HOA! Offering 1,250 square feet, this 1974-built home has been thoughtfully updated with fresh neutral paint throughout, new carpet in the bedrooms, and modern finishes. The updated kitchen features new quartz countertops, new upper cabinetry, and a new dining-area chandelier. Both bathrooms have been thoughtfully updated. Step outside to your private backyard retreat with a freshly resurfaced pebble-finish pool, perfect for Arizona summers. Enjoy a convenient location minutes from ASU, Kiwanis Park, Ken McDonald Golf Course, shopping, dining, and easy US-60 access.

5709 S Palm Drive, Tempe

$385,000

4 Beds ⋅ 2 Baths ⋅ 7086589 MLS ⋅ 1,248 SqFt.

Move in ready Tempe ranch with thoughtful updates. The kitchen features granite countertops, stainless steel appliances, a gas range, and breakfast bar. A split floorplan and single level layout adds everyday functionality. The backyard offers a covered patio, firepit, and clothesline, creating a functional outdoor space with area to entertain. With no HOA and convenient access to nearby shopping, dining, and major Tempe destinations, this home offers a great combination of updates, flexibility, and location.

2021 E 10th Street, Tempe

$370,000

2 Beds ⋅ 2 Baths ⋅ 7086484 MLS ⋅ 1,073 SqFt.

Attractive Single Level Townhome Features a Split Floor Plan with 2 Spacious Bedrooms, 2 Bathrooms, Inviting Great Room with Vaulted Ceilings and a 2 Car Garage. The Open Kitchen Offers a Breakfast Bar and Ample Cabinet Space, The Oversized Great Room Features a Cozy Fireplace, The Master Suite Offers Direct Access to the Covered Patio & A Remodeled Walk In Shower. Wonderful Outdoor Space Features Multiple Lounging Areas with a Gated & Private Courtyard with Artificial Turf & A Covered Patio. Enjoy the Inviting Community Pool & Easy Access to Shopping, Restaurants, Freeway Access & ASU.

6734 S Brittany Lane, Tempe

$299,000

1 Beds ⋅ 1 Baths ⋅ 7086281 MLS ⋅ 1,035 SqFt.

Welcome to urban living at its finest in the heart of Tempe! Located at 420 W. First St #319, this spacious and stylish 1-bedroom, 1-bathroom condo with a full loft/den offers 1,035 square feet of thoughtfully designed living space. You'll love the soaring ceilings, true hardwood floors, and natural light that floods the open floorplan. The loft area includes a built-in Murphy bed--perfect for guests, a home office, or creative flex space. The kitchen is complete with a breakfast bar and refrigerator, making it ideal for casual dining and entertaining. Step outside to your private balcony and additional outdoor space, the perfect place to unwind and enjoy your morning coffee or evening sunsets.

420 W 1st Street Unit 319, Tempe

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