Homes for Sale in Phoenix, AZ Under $500,000

Buying a home in Phoenix doesn’t have to mean stretching your budget. There are plenty of options under $500,000 — from stylish condos and townhomes to charming single-family homes in established neighborhoods and brand-new builds in growing communities.

This page updates in real time, so you can see the newest Phoenix homes under $500k the moment they hit the market.

Why Start Your Search Here?

  • Stay ahead: New listings appear here as soon as they’re active in the MLS.
  • Save your favorites: Keep track of homes you love in one place.
  • Set alerts: Get instant notifications when a new property matches your budget.
  • Filter with ease: Narrow by neighborhood, square footage, lot size, pool, HOA, and more.

What You’ll Find Under $500K in Phoenix

  • Condos & Townhomes: Low-maintenance living, close to shopping, dining, and transit.
  • Single-Family Homes: Established neighborhoods with yards, shade trees, and character.
  • New Construction: Modern finishes, energy-efficient designs, and builder warranties.
  • Investment Opportunities: Rental-ready properties with strong cash flow potential.

Tips for Buying in This Price Range

  • Be ready to move fast: Homes under $500k often sell quickly in Phoenix.
  • Get pre-approved: A strong pre-approval can help your offer stand out.
  • Watch for price drops: Motivated sellers may adjust pricing for a quicker sale.
  • Think long-term: Consider appreciation potential and neighborhood growth.

Looking for a head start? Tell me your must-haves, and I’ll send you a curated list of homes under $500k that actually fit your needs.

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$85,000
3 Beds 2 Baths 7079194 MLS 1,012 SqFt.
FULL-PRICE OFFER INCLUDES ONE FULL YEAR OF SELLER-PAID LOT RENT! Welcome to this move-in-ready 2022 Clayton home offering 3 bedrooms, 2 bathrooms, and approximately 1,012 square feet of bright, comfortable living space. The open-concept living area features vaulted ceilings, attractive wood-look flooring, abundant natural light, recessed lighting, and ceiling fans. The spacious kitchen is designed for both everyday living and entertaining, with crisp white cabinetry, generous counter and storage space, a breakfast-bar peninsula, tile backsplash, double-basin sink, and stainless-steel refrigerator, smooth-top range, microwave, and dishwasher. A built-in entertainment center with a decorative accent wall adds character and convenient storage to the adjoining living area. The primary includes a large walk-in closet and private bath with a roomy walk-in shower. Two additional bedrooms and a second full bath with a tub-and-shower combination provide flexible space for guests, a home office, or hobbies. A dedicated laundry area, central air conditioning, covered parking, private entry, and easy-care desert landscaping add everyday convenience. Home is situated on a large corner lot with lots of yard space. Belaire Manor is a well-established, all-ages community in the heart of Glendale with onsite management and maintenance and an impressive collection of amenities. Residents can enjoy the swimming pool, clubhouse and recreation room, basketball court, playground, BBQ and picnic area, community laundry facilities, and expansive green space. Its convenient central location offers easy access to shopping, dining, entertainment, schools, and everyday services throughout Glendale and the West Valley. This clean, modern home is ready for its next owner. Buyer must be approved for residency by Belaire Manor; land lease applies. Full-price lot-rent incentive is subject to seller terms and successful closing. Serial/VIN: BUC011516AZ. Size: 16x66. Make: Clayton. Year: 2022. Dealer: Investment Builders Financial LLC, License #8571.

5601 W Missouri Avenue Unit 1, Glendale

$398,500
2 Beds 2 Baths 7079190 MLS 1,472 SqFt.
Welcome to this beautifully updated and spacious Mariposa model, featuring a desirable open floor plan with split bedrooms for added privacy. Gorgeous tile flooring flows throughout the home, complemented by large windows that fill the space with natural light and a neutral color palette that is both inviting and versatile. The well-appointed kitchen features maple cabinetry with crown molding, granite countertops, a stylish backsplash, stainless steel appliances, and a convenient pantry. The spacious primary suite offers a charming bay window and a beautifully updated en-suite bath with dual sinks, a glass step-in shower, and a generous walk-in closet. Step outside to enjoy the low-maintenance backyard, complete with a large covered patio and attractive paver accents--perfect for relaxing or entertaining. Added bonus, new roof underlayment 12/2025 with a 30 year guarantee. Located in The Grand, a 45+ resort-style active adult community offering an exceptional array of amenities, including four golf courses, pickleball, bocce ball, three pools including an indoor lap pool, a two-story fitness center, a 1/4-mile padded walking path, numerous clubs and activities, and miles of scenic walking paths. The HOA also maintains exterior landscaping and provides pest control, making low-maintenance living even easier. For a guest packet and additional community information, visit the clubhouse at 19726 N Remington, Surprise, AZ.

16118 W Starlight Drive, Surprise

$450,000
3 Beds 2 Baths 7079139 MLS 1,548 SqFt.
Pride of ownership shines throughout this beautifully updated and immaculately maintained Prescott Valley home! Step inside to a bright, open floor plan with high ceilings, a spacious living room, and a cozy brick, gas, fireplace that creates the perfect gathering space. The recently remodeled kitchen features granite countertops, stainless steel appliances, updated finishes, a large pantry, and flows seamlessly into the spacious dining area. The generous primary suite offers a charming bay window, and a bathroom with a beautifully updated walk-in shower. Two additional bedrooms provide plenty of space for family, guests, or a home office. The second bathroom has been updated with a beautiful, faux granite surround and oversized soaking tub. Both bathrooms have skylights to let in plenty of natural light. All windows, sliding glass door, and front door were recently updated. Property has a 2 car, attached, garage with built-in shelving and cabinetry as well as plenty of additional parking for multiple vehicles. Don't miss the second, detached garage, which is insulated, has ample electrical outlets, has a mini-split for climate-control, and is currently being used as a home gym. This space is perfect for a workout room, office, studio, hobby space, workshop, or additional storage. The property also offers additional gated access to the detached garage from the front, with the option to convert the gym back to garage use if desired. The backyard is an absolute nature lover's paradise and has the feel of a relaxing retreat. Enjoy a large, covered, patio, beautiful paver work, artificial turf, custom paver raised flower bed, mature, producing, fruit and pecan trees, pine and maple trees, a fire pit, separate garden area with raised beds, large dog run, 2 storage sheds, Updated, exceptionally cared for, and loaded with thoughtful features inside and out This Prescott Valley gem is one you won't want to miss!

7343 E Wren Drive, Prescott Valley

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