Knoxville Homes under $500,000

Knoxville Homes under $500,000

Welcome to Knoxville, Tennessee – a vibrant city nestled in the heart of the Appalachian Mountains. Known for its rich history, stunning natural beauty, and a thriving arts scene, Knoxville offers residents a unique blend of urban and outdoor living. With a population of over 180,000, this charming city is the perfect place for families, young professionals, and retirees alike.

One of Knoxville's most appealing features is its affordability. If you’re in the market for a home, you’ll be delighted to know that there are plenty of beautiful properties available for under $500,000. Whether you’re looking for a cozy bungalow in a historic neighborhood or a modern townhouse with all the amenities, Knoxville has something to suit every taste and budget. The real estate market here is diverse, offering a range of options from family-friendly suburbs to trendy downtown lofts.

Knoxville is also home to a wealth of recreational opportunities. With the Great Smoky Mountains National Park just a short drive away, outdoor enthusiasts can enjoy hiking, biking, and breathtaking views year-round. The city is also rich in culture, boasting a variety of museums, galleries, and theaters that showcase local talent and history.

With its friendly atmosphere, excellent schools, and a strong sense of community, Knoxville is not just a place to live; it’s a place to thrive. Come explore the charm of Knoxville, where your dream home awaits at an affordable price!

Newest Knoxville Homes under $500,000

723 Colony Village Way, Knoxville
$385,000
3 Beds ⋅ 3 Baths ⋅ 1357832 MLS
Location, location, location! Welcome to this well-maintained West Knoxville home offering 3 bedrooms, 2 full baths and 1 half bath in an exceptionally convenient setting. Enjoy a modern kitchen, comfortable living spaces and a fully fenced backyard with a beautiful view, perfect for relaxing, entertaining or pets. Located in the A.L. Lotts, West Valley and Bearden school zones and convenient to shopping, restaurants, grocery stores, parks and everyday necessities. A wonderful opportunity to enjoy a great neighborhood while staying close to everything West Knoxville has to offer.

723 Colony Village Way, Knoxville
11100 Hughlan Drive, Knoxville
$449,000
4 Beds ⋅ 2 Baths ⋅ 1357831 MLS
A truly majestic park-like setting welcomes you to this four-bedroom home, surrounded by beautiful mature trees. The family room and game room provide space to gather, while the expansive two-tiered back deck is ideal for entertaining and enjoying the wooded views. Conveniently located in Farragut with easy access to shopping, dining, schools, and everyday essentials, this is a home worth seeing in person.

11100 Hughlan Drive, Knoxville
1332 Beaumont Ave, Knoxville
$299,900
3 Beds ⋅ 1 Baths ⋅ 1357829 MLS
Beautiful Move-In Ready Home in a Convenient Knoxville Location Welcome to this beautifully updated, move-in ready home located in a highly convenient area of Knoxville. This property has been thoughtfully remodeled in recent years, featuring new luxury plank flooring, updated doors and windows, fresh walls and paint, a modern kitchen, renovated bathrooms, and updated appliances. The home offers an inviting open floor plan highlighted by impressive columns in the living room, creating a spacious and elegant atmosphere perfect for everyday living and entertaining. Outside, you'll find a large, level yard with mature trees that provide shade and comfort. The fenced backyard offers a safe and secure space for pets and children to play. This home combines modern updates with a comfortable layout and a fantastic location--ready for you to move in and enjoy.

1332 Beaumont Ave, Knoxville
9005 Fountain Brook Lane, Knoxville
$245,000
2 Beds ⋅ 2 Baths ⋅ 1357817 MLS
Welcome Home to 9005 Fountain Brook Ln, an updated, move-in ready townhouse in a highly desirable West Knoxville area. Offering low-maintenance living in a prime location, this two-bedroom, two-bath home features fresh interior paint, new luxury vinyl plank flooring, and a versatile floor plan with a main-level bedroom and full bath plus a spacious upstairs bedroom/bathroom suite, ideal for guests, roommates, a home office, or multi-generational living. The private patio provides a peaceful outdoor retreat for morning coffee or evening relaxation. Just steps from the popular Hey Bear Cafe with live music and community events hosted regularly. Enjoy convenient access to the Ten Mile Creek Greenway for walking, running, and biking. This home delivers the lifestyle many are searching for. Located only one mile from Kroger grocery store, Park West Medical Center, Golf at Dead Horse Lake and shopping along the Cedar Bluff corridor. Quick access to I-40, Pellissippi Parkway, Oak Ridge, downtown Knoxville, and the University of Tennessee, this location is hard to beat. Whether you are a first-time homebuyer, downsizing, or searching for a rental property or investment opportunity with strong long-term appeal, this updated West Knoxville townhouse offers exceptional value, convenience, and location. Seeking a lock-and-leave lifestyle? This is one not to miss. Schedule your tour today.

9005 Fountain Brook Lane, Knoxville
1319 Covington Drive, Knoxville
$354,000
3 Beds ⋅ 3 Baths ⋅ 1357800 MLS
Looking for an opportunity to own a hidden gem in the heart of Rocky HIll? Look no further. This 3 bedroom, 2.5 bath end unit townhome doesn't come along very often. Step through the front door and walk down the hallway into the open concept living room, dining room and Kitchen with tons of cabinet and counter space. Upstairs you will find the master bedroom with a nook which could be used as a sitting area or office space. The bathroom area has two sinks and wall niches that provide extra storage. The laundry area is in the hallway and the washer and dryer will convey. Bedrooms #2 and #3 share the second full bath. Enjoy the fall evenings in the fully fenced private rear patio. With a clubhouse, exercise room, pool and tennis and just minutes away from shopping, schools, parks and the interstate, this is a home you truly don't want to miss!

1319 Covington Drive, Knoxville
3636 Taliluna Ave Unit 618, Knoxville
$298,000
2 Beds ⋅ 2 Baths ⋅ 1357787 MLS
Large two bedroom two bathroom with scenic views from the dining area and private porch. Recent renovations - 2020 HVAC, 2022 Hot Water Heater, 2026 ducting, and updated kitchen, 2025 dedicated laundry closet added. HOA includes water, sewage, trash, ground maintenance, club house, picnic area and pool. Extra storage available for a monetary annual fee. Walking distance to gorgeous parks, lakeside activities, charming shops and eateries. 5 min drive to UT, and 15 min to downtown. HOA allows 3 month or longer rentals, and is pet friendly for pets that meet HOA guidelines.

3636 Taliluna Ave Unit 618, Knoxville
1643 Maple View Way, Knoxville
$230,000
2 Beds ⋅ 2 Baths ⋅ 1357774 MLS
Welcome to this beautiful 2-bedroom, 2-bathroom condo in the desirable Maple Chase community! Offering approximately 1,000 square feet of comfortable living space, this move-in-ready home combines modern updates with easy, low-maintenance living. The interior features updated flooring, fresh paint, stylish light fixtures, and updated appliances, creating a clean and inviting atmosphere throughout. The spacious living area provides a comfortable place to relax and entertain, while the covered rear patio offers a great spot to enjoy your morning coffee or unwind outdoors. Conveniently located in North Knoxville with easy access to shopping, dining, parks, and major roadways. Whether you're a first-time buyer, downsizing, or looking for an investment opportunity, this well-maintained condo is ready to welcome you home!

1643 Maple View Way, Knoxville
905 Brown Mountain Loop Rd Unit Brown :Mountain Loop Rd, Knoxville
$250,000
4 Beds ⋅ 3 Baths ⋅ 1357752 MLS

905 Brown Mountain Loop Rd Unit Brown :Mountain Loop Rd, Knoxville
12115 Evergreen Terrace Lane, Knoxville
$474,900
4 Beds ⋅ 3 Baths ⋅ 1357749 MLS
Welcome to this beautifully spacious home in an unbeatable West Knoxville location! Tucked away in a desirable neighborhood yet just minutes from top-tier shopping, dining, and entertainment, this property offers the perfect blend of convenience and tranquility. The curb appeal is undeniable, featuring a classic stacked-stone exterior and a level front yard. Out back, discover your private oasis: a sprawling, fenced backyard complete with a terraced garden, a sun deck, and a covered porch perfect for year-round relaxing. Inside, the exceptional layout maximizes every square foot. A versatile formal dining room easily transitions into a dedicated home office. The bright, open-concept kitchen boasts granite countertops, an inviting island, and seamless flow into the freshly painted main living area, which is centered around a cozy gas-log fireplace. When it is time to unwind, take the updated hardwood floored stairs to the oversized owner's suite featuring a large walk-in closet. Three generously sized secondary bedrooms provide all the space and comfort you need. Even the two-car garage is a major upgrade, finished with a premium polymer floor coating--ideal for a workshop, home gym, or hanging out with friends. **Some photos have been virtually staged.

12115 Evergreen Terrace Lane, Knoxville
4921 Mandalay Rd, Knoxville
$399,999
4 Beds ⋅ 3 Baths ⋅ 1357747 MLS
Welcome to this beautiful home in desirable 37921! Tucked away at the end of a quiet cul-de-sac on a large, oversized lot, this property offers a rare combination of privacy, space, and convenience. Inside, the spacious eat-in kitchen offers plenty of room for family and friends and features new appliances. The living room showcases gorgeous 3/4-inch hardwood flooring, vaulted ceilings, and an updated fireplace, creating a warm and inviting space for relaxing or entertaining. The updated guest bathroom adds a fresh, modern touch. Step outside to the fully fenced-in backyard, where privacy and space are truly standout features. The brand-new deck is ideal for entertaining, grilling, or simply enjoying the peaceful surroundings. A large storage shed with electricity provides exceptional flexibility for storage, hobbies, a workshop, or projects. The oversized front porch is another wonderful place to relax and take in the tranquil setting. Additional highlights include a newer tankless water heater and extra parking with a carport. With its oversized lot, fully fenced backyard, exceptional privacy, cul-de-sac location, spacious kitchen, beautiful hardwood floors, and thoughtful updates, this home offers a wonderful opportunity to enjoy comfortable living with room to spread out--both inside and out!

4921 Mandalay Rd, Knoxville
1735 Mccarty Rd, Knoxville
$335,000
1 Beds ⋅ 1 Baths ⋅ 1357733 MLS
A RARE opportunity to own over 9 acres in Knoxville, Tennessee! This charming MINI FARM features a one-bedroom, one-bath tiny home that once served as a schoolhouse, bringing a unique piece of local history to your everyday life. Featuring a large flowing natural spring. With fencing already in place and room to grow, this property offers an inviting setting for your homestead dreams. Plant a garden, explore the possibilities of a mini farm, or simply enjoy the space and freedom of acreage living and privacy. Whether you're drawn to a simpler lifestyle or a property with character and potential, this special Knoxville offering is ready for its next chapter!

1735 Mccarty Rd, Knoxville
942 Piney Grove Church Rd Unit C-4, Knoxville
$179,900
2 Beds ⋅ 2 Baths ⋅ 1357709 MLS
An opportunity to get into a convenient Knoxville location at $179,900! This 2-bedroom, 1.5-bath condo offers 1,064 square feet with a practical two-story layout and easy access to shopping, restaurants, downtown Knoxville, UT and I-40. The main level offers a comfortable living area, eat-in kitchen and half bath, with both bedrooms and the full bath upstairs. Updates include flooring, paint and mmore giving this home a clean, neutral starting point while still leaving room for the next owner to make it their own. A back patio provides outdoor space without a large yard to maintain. Whether you're looking for your first home, downsizing, or simply want an affordable Knoxville option in a location that keeps you close to just about everything, C-4 is worth a look!

942 Piney Grove Church Rd Unit C-4, Knoxville
Start Your Search