Phoenix Homes under $500,000

Welcome to Phoenix, Arizona, a vibrant city that beautifully blends urban sophistication with the stunning natural beauty of the Sonoran Desert. As the fifth-largest city in the United States, Phoenix boasts a rich cultural tapestry, thriving arts scene, and a variety of recreational opportunities. With over 300 sunny days a year, you can enjoy outdoor activities year-round, from hiking the iconic Camelback Mountain to exploring the serene Desert Botanical Garden.

For those looking to settle down in this dynamic city, there are fantastic housing options available under $500,000. Phoenix offers a diverse selection of homes, from charming single-family residences to modern townhouses, making it an ideal choice for first-time buyers, families, or anyone seeking a change of scenery. The real estate market here is not only affordable but also brimming with potential, as the area continues to grow and develop.

Neighborhoods like Arcadia, North Phoenix, and South Mountain provide excellent options for homebuyers, each with its own unique character and amenities. You'll find parks, schools, and shopping centers nearby, ensuring convenience and community spirit. Plus, with a cost of living that remains competitive compared to other major cities, your dollar goes further in Phoenix.

Whether you’re drawn to the rich history, the bustling downtown, or the serene desert landscapes, Phoenix is a city that welcomes all. Discover your dream home in this sun-soaked paradise, where the possibilities are as limitless as the Arizona sky.

Newest Phoenix Homes under $500,000

2725 E Mine Creek Road Unit 2192, Phoenix image

2725 E Mine Creek Road Unit 2192, Phoenix $320,000

Welcome to The Pinnacle at Desert Peak. This move-in ready 2-bed, 2-bath townhome offers 1,094 livable sq ft all on one level, plus a direct-access 1-car garage. Located...

ACTIVE Status
2 Beds
2 Baths
7088781 MLS
1,091 SqFt.

6269 W College Drive, Phoenix $329,000

None

ACTIVE Status
3 Beds
2 Baths
7088770 MLS
2,132 SqFt.

3126 W Apollo Road, Phoenix $435,000

None

ACTIVE Status
4 Beds
3 Baths
7088762 MLS
3,181 SqFt.

13023 S 45th Place, Phoenix $345,000

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 op...

ACTIVE Status
2 Beds
2 Baths
7088749 MLS
892 SqFt.

16225 N Cave Creek Road Unit 85, Phoenix image

16225 N Cave Creek Road Unit 85, Phoenix $49,999

**Financing available**Villa Carmel 55+ Adult gated community! Be charmed by this delightful 2-bedroom manufactured home with its own Extended covered carport/patio! Insi...

ACTIVE Status
2 Beds
2 Baths
7088746 MLS
832 SqFt.

3432 W Glenrosa Avenue, Phoenix $335,625

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 ...

ACTIVE Status
4 Beds
2 Baths
7088683 MLS
1,250 SqFt.

1306 W Clarendon Avenue, Phoenix $389,000

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 ...

ACTIVE Status
3 Beds
1 Baths
7088610 MLS
1,116 SqFt.

925 W Peoria Avenue Unit 7, Phoenix image

925 W Peoria Avenue Unit 7, Phoenix $199,999

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 cove...

ACTIVE Status
2 Beds
2 Baths
7088590 MLS
875 SqFt.

6919 W Cypress Street, Phoenix $359,900

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. Highlight...

ACTIVE Status
4 Beds
1 Baths
7088579 MLS
1,172 SqFt.

8032 W Eaton Road, Phoenix $498,995

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...

ACTIVE Status
3 Beds
3 Baths
7088571 MLS
1,875 SqFt.

8307 N 29th Avenue, Phoenix $365,000

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 dif...

ACTIVE Status
3 Beds
2 Baths
7088561 MLS
1,128 SqFt.

6900 E Princess Drive Unit 1160, Phoenix image

6900 E Princess Drive Unit 1160, Phoenix $359,000 ▼

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...

ACTIVE Status
2 Beds
2 Baths
7088558 MLS
843 SqFt.