Tempe Homes under $500,000

Welcome to Tempe, Arizona, a vibrant city nestled in the heart of Maricopa County! Known for its lively atmosphere, Tempe is a fantastic blend of urban energy and natural beauty. Home to Arizona State University, this city boasts a youthful spirit with an array of cultural attractions, dining options, and outdoor activities. Whether you’re strolling along the scenic Tempe Town Lake, exploring the eclectic shops in Mill Avenue District, or enjoying the local art scene, Tempe offers something for everyone.

For those looking to make Tempe their home, you’ll be delighted to discover a range of charming properties available for under $500,000. This price point opens the door to a variety of options, from cozy single-family homes to modern townhouses, perfect for first-time buyers or those seeking a smart investment. Many of these homes feature inviting layouts, spacious backyards, and close proximity to parks and schools, making them ideal for families and professionals alike.

Living in Tempe means you’re never far from the action, with easy access to public transportation, major highways, and the vibrant downtown Phoenix area. The local community is known for its friendly atmosphere, making it easy to connect with neighbors and enjoy the diverse cultural experiences the city has to offer.

Don’t miss your chance to find your dream home in Tempe! With homes under $500,000, you can enjoy the best of Arizona living without breaking the bank. Explore the opportunities available today and embrace the enchanting lifestyle that Tempe has to offer!

Newest Tempe Homes under $500,000

400 W Baseline Road Unit 124, Tempe image

400 W Baseline Road Unit 124, Tempe $142,000

10,000 Seller concession available with an acceptable offer! Beautiful 3 bedrooms and 2 bath home move-in ready in all age community and pet friendly is a must see! Offer...

ACTIVE Status
3 Beds
2 Baths
7088917 MLS
1,160 SqFt.

2156 S Hu Esta Drive, Tempe $475,000

Mid-century Tempe charm meets meticulous care! Nestled in historic Hu-Esta Park, this 1957 Ranch features 2 bedrooms, 1.75 baths & a versatile studio/craft room with its ...

ACTIVE Status
2 Beds
2 Baths
7088855 MLS
1,510 SqFt.

3306 S Parkside Drive, Tempe $299,500

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...

ACTIVE Status
2 Beds
2 Baths
7087850 MLS
884 SqFt.

606 E Colgate Drive, Tempe $350,000

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 neigh...

ACTIVE Status
3 Beds
2 Baths
7087814 MLS
1,439 SqFt.

1873 E Watson Drive, Tempe $450,000

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 flo...

ACTIVE Status
3 Beds
2 Baths
7087776 MLS
1,806 SqFt.

2333 E Southern Avenue Unit 2021, Tempe image

2333 E Southern Avenue Unit 2021, Tempe $269,000

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 ce...

ACTIVE Status
2 Beds
1 Baths
7087480 MLS
905 SqFt.

448 E Susan Lane, Tempe $500,000

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 ...

ACTIVE Status
3 Beds
2 Baths
7087167 MLS
1,660 SqFt.

1029 W Laguna Drive, Tempe $310,000

Great location just minutes from freeway access, shopping, dining, and everyday conveniences. This charming duplex-style condo offers an inviting open floor plan with vau...

ACTIVE Status
3 Beds
2 Baths
7087098 MLS
1,088 SqFt.

945 E Playa Del Norte Drive Unit 2007, Tempe image

945 E Playa Del Norte Drive Unit 2007, Tempe $399,000

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 sim...

ACTIVE Status
2 Beds
2 Baths
7086894 MLS
1,208 SqFt.

1247 E Valerie Drive, Tempe $389,000 ▼

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 ca...

ACTIVE Status
3 Beds
2 Baths
7086808 MLS
1,250 SqFt.

5709 S Palm Drive, Tempe $449,900

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 ...

ACTIVE Status
3 Beds
2 Baths
7086627 MLS
1,250 SqFt.

2021 E 10th Street, Tempe $385,000

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...

ACTIVE Status
4 Beds
2 Baths
7086589 MLS
1,248 SqFt.