Phoenix Homes under $500,000

Welcome to Phoenix, Arizona—an enchanting desert oasis that perfectly blends urban sophistication with stunning natural beauty. Nestled in Maricopa County, Phoenix is the fifth-largest city in the United States and boasts a vibrant cultural scene, an array of outdoor activities, and a rich history that captivates residents and visitors alike.

As you explore the diverse neighborhoods of Phoenix, you’ll discover a variety of homes priced under $500,000, making it an ideal destination for first-time homebuyers, families, and anyone seeking an affordable slice of the Arizona lifestyle. From charming single-family homes in established communities to modern townhouses with contemporary finishes, the options are plentiful and cater to different tastes and preferences.

Living in Phoenix means enjoying over 300 days of sunshine each year, perfect for outdoor enthusiasts. The nearby Camelback Mountain and South Mountain Park offer hiking trails with breathtaking views, while the city itself is dotted with parks, golf courses, and vibrant gardens. Additionally, the burgeoning culinary scene and lively arts district make for an exciting social life, with plenty of restaurants, galleries, and entertainment venues to explore.

With an affordable housing market and a plethora of amenities, Phoenix is not just a place to live; it’s a lifestyle. Whether you're drawn to the picturesque sunsets or the welcoming community spirit, your dream home awaits in this dynamic city. Come discover why so many are choosing to call Phoenix home!

Newest Phoenix Homes under $500,000

$139,900

2 Beds ⋅ 1 Baths ⋅ 7089135 MLS ⋅ 864 SqFt.

2953 N 19th Avenue Unit 49, Phoenix

$389,900

4 Beds ⋅ 2 Baths ⋅ 7089119 MLS ⋅ 960 SqFt.

Welcome home! This beautifully updated property offers a fresh, modern interior with stylish finishes throughout. The bright kitchen features crisp white cabinetry, sleek countertops, stainless steel appliances, recessed lighting, and contemporary black fixtures. The updated bathroom showcases clean finishes and a modern vanity. Enjoy an open, inviting living space with plenty of natural light, plus a spacious backyard with lots of potential for entertaining, gardening, or creating your own outdoor retreat. The gated front yard and attached garage add convenience and functionality. Move-in ready and waiting for its new owner!

3820 W Encanto Boulevard, Phoenix

749 E Montebello Avenue Unit 229, Phoenix

$189,000

2 Beds ⋅ 2 Baths ⋅ 7089118 MLS ⋅ 840 SqFt.

Central Corridor location! Beautiful gated community at Montebello Gardens! This charming second-level unit features a large front porch, lush landscaping, and a light, open floor plan. Two spacious bedrooms and two full baths, eat-in kitchen, three ceiling fans, and great views of the community greenery. Enjoy low-maintenance living with HOA services including water, sewer, gas, trash, exterior maintenance, roof replacement, and building insurance. Community pool! Ideally located near Route 51, Downtown Phoenix, Biltmore, shopping, dining, and entertainment. Madison School District. Limited neighbors and a peaceful setting make this a wonderful place to call home. Hurry--this one won't last long!

749 E Montebello Avenue Unit 229, Phoenix

$450,000

3 Beds ⋅ 2 Baths ⋅ 7089113 MLS ⋅ 1,539 SqFt.

Single-level living + flexible 4th bedroom potential + the GATED community's LARGEST LOT + park-side privacy + realistic Seller = an opportunity worth seeing. In a market where buyers have choices, this North Phoenix home delivers the features that are hard to duplicate--along with a seller willing to help make the numbers work! Located in a gated community just minutes from major freeways, this lovingly maintained, single-level home offers 3 bedrooms + a den that can easily become a 4th bedroom, giving you the flexibility to create the space that works for your lifestyle. Vaulted ceilings, abundant natural light and a nicely appointed kitchen make the home feel open, bright and inviting. But the real showstopper is outside. Situated on the LARGEST LOT IN THE COMMUNITY, the expansive backyard backs directly to the neighborhood park, giving you additional privacy with no home immediately behind. Enjoy the beautiful yard as it is or take advantage of all that extra space and create the backyard you've been dreaming about--with plenty of room to add a pool! And with today's interest rates, the seller wants to help make homeownership a little easier. With an acceptable offer, the seller is willing to contribute toward BUYER CLOSING COSTS and/or an INTEREST RATE BUY-DOWN, potentially helping reduce your cash needed at closing or your monthly mortgage payment. Why settle when you can have the space, location and flexibility--and a seller ready to work with you? Come see what makes this one stand out!

2110 W Carol Ann Way, Phoenix

2121 W Sonoran Desert Drive Unit 155, Phoenix

$450,000

3 Beds ⋅ 3 Baths ⋅ 7089104 MLS ⋅ 1,826 SqFt.

Final opportunity to own a Toll Brothers condo at Valle Norte! Private gated community with amenities. Unit in our model home building across from amenities and pool. Available for immediate move-in! Sizable great room, casual dining area, and covered deck are accessible to the kitchen, great for year-round entertaining. The kitchen is well-appointed, offering wraparound counter and cabinet space, a center island with accompanying breakfast bar, as well as a sizable pantry. Primary bedroom suite enhanced by private covered deck and walk-in closet! Designer features throughout.

2121 W Sonoran Desert Drive Unit 155, Phoenix

$500,000

3 Beds ⋅ 2 Baths ⋅ 7089096 MLS ⋅ 2,094 SqFt.

3102 W Eagle Claw Dr, Phoenix, AZ 85086 - Stunning Tramonto Retreat - Where Desert Living Meets Luxury, lush & quiet interior lot with view fence backing NAOS & walking trail, wall to wall tile, 3 bedrooms + bonus room, large great room, Gourmet Kitchen: Show off your culinary skills with granite countertops, an oversized island, and sleek stainless steel appliances, plantation shutters, lush backyard to die for, built in BBQ and fireplace, oversized covered patio, turf and beautiful landscape surround your yard, no direct neighbors behind, NAOS with view fence, spa motor conveys AS IS. Great location short distance to shopping, restaurants, schools and freeway access.

3102 W Eagle Claw Drive, Phoenix

$315,000

3 Beds ⋅ 2 Baths ⋅ 7089095 MLS ⋅ 1,120 SqFt.

Equipped with striking hardwood cabinets, elegant faux granite countertops, stainless steel appliances. Bright, inviting rooms with excellent natural light. Well landscaped front and back yard offer a relaxing retreat from your busy life.

2316 W Marlette Avenue, Phoenix

$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

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