Knoxville Homes under $500,000

Knoxville Homes under $500,000

Welcome to Knoxville, Tennessee, a vibrant city nestled in the heart of Knox County. Known for its breathtaking natural beauty, rich history, and warm Southern hospitality, Knoxville offers a unique blend of urban living and outdoor adventure. With the majestic Smoky Mountains as your backdrop, you’ll find endless opportunities for hiking, biking, and exploring the great outdoors right at your doorstep.

Knoxville boasts a thriving arts and culture scene, with a variety of museums, galleries, and theaters that showcase local talent and history. The lively downtown area is home to a diverse array of restaurants, shops, and entertainment venues, making it a perfect spot for both relaxation and excitement. Plus, with the University of Tennessee located here, the city pulsates with youthful energy and innovation.

For those seeking a place to call home, Knoxville offers an impressive selection of charming residences under $500,000. Whether you’re looking for a cozy bungalow, a spacious family home, or a modern townhouse, you’ll find a variety of options that fit your budget and lifestyle. Many of these homes feature beautiful architectural details, inviting yards, and convenient access to local amenities.

Living in Knoxville means enjoying a high quality of life without breaking the bank. With its affordable housing market, you can embrace the American dream of homeownership while enjoying all the benefits this dynamic city has to offer. Come explore Knoxville and discover your perfect home in this enchanting Southern gem!

Newest Knoxville Homes under $500,000

205 Spruce St, Knoxville
$479,900
1360730 MLS
FULLY RENOVATED DUPLEX - 5 MIN TO THE OLD CITY - 7.6 CAP- TENANTS PAY ALL UTILITIES This East Knoxville duplex has been renovated top to bottom. Each side offers 3 bedrooms and 2 bathrooms, and everything has been updated in 2026: new roof, new HVAC's, updated electrical, new water heaters, new appliances, and durable LVP flooring throughout. Tenants pay all utilities, and one side is already leased, so you have income from day one while you lease the second unit or move in yourself. The location is hard to beat, you're about 5 minutes from Covenant Health Park, and 8 minutes from the heart of downtown Knoxville, with its restaurants, breweries, Market Square, and the Old City. East Knoxville continues to see new investment, and this property puts you in position to benefit from that growth. Please see video walkthroughs. No sign on property. We respectfully ask that you do not disturb the residents. Buyer to verify square footage.

205 Spruce St, Knoxville
723 Fern St, Knoxville
$359,900
3 Beds ⋅ 2 Baths ⋅ 1360726 MLS
Welcome to this beautiful 1,797 sq. ft. home offering a spacious and functional floor plan! The main level features a generous living room that flows seamlessly into the open-concept kitchen, creating the perfect space for everyday living and entertaining. Also located on the main level is the owner's suite, providing comfort and convenience, along with a dedicated laundry room and half bathroom for guests. Upstairs, you'll find two additional spacious bedrooms and a full bathroom, offering plenty of space for family or guests. Step outside and enjoy the large covered patio, perfect for relaxing, grilling, or entertaining year-round! Conveniently located just minutes from downtown Knoxville, you'll enjoy easy access to local restaurants, shopping, entertainment, and everything the city has to offer!

723 Fern St, Knoxville
7211 Ghiradelli Rd, Knoxville
$425,000
3 Beds ⋅ 2 Baths ⋅ 1360722 MLS
Welcome to 7211 Ghiradelli Road! This well-maintained 3-bedroom, 2-bath ranch-style home offers comfortable, single-level living with a thoughtfully designed split-bedroom floor plan. Offered FULLY FURNISHED with high-end furniture throughout, plus a brand-new washer and dryer that convey, this home is ready for its next owners to move right in! Inside, you'll appreciate the solid hardwood flooring that has replaced all carpeting, creating a clean, cohesive look throughout the home. The spacious living areas offer a comfortable setting for everyday living and entertaining. The split-bedroom design provides privacy, with the primary suite separated from the two additional bedrooms. The primary suite features a spacious en suite bathroom, offering a relaxing retreat. Recent improvements also include new front and back exterior doors. ALL NEW APPLIANCES .Outside, you'll find a large, completely level backyard enclosed by privacy fencing, along with a covered back patio that's perfect for outdoor dining, morning coffee, or entertaining friends and family. The level yard provides plenty of space for gardening, recreation, or simply enjoying the outdoors. Conveniently located near shopping, dining, and everyday amenities, this home combines a practical layout with easy maintenance and a welcoming atmosphere. Exceptionally clean, thoughtfully updated, and offered fully furnished, this property is a wonderful opportunity for buyers seeking a move-in-ready home with the convenience of one-level living. Schedule your private showing today!

7211 Ghiradelli Rd, Knoxville
716 Idlewood Lane, Knoxville
$319,000
2 Beds ⋅ 3 Baths ⋅ 1360715 MLS
RENOVATED TOWNHOUSE IN CONVENIENT WEST KNOXVILLE LOCATION. This totally reimagined open floor plan home features new kitchen cabinetry with granite countertops, stainless appliances and tiled backsplash. Upstairs primary bedroom with an en-suite bathroom and a walk-in closet. Second bedroom with adjacent bathroom that is all new. New decks front and back and all new windows, new roof and HVAC.

716 Idlewood Lane, Knoxville
1623 Reaves Rd, Knoxville
$349,000
3 Beds ⋅ 2 Baths ⋅ 1360714 MLS
Welcome to this inviting 4-bedroom, 2-full-bath home in a great Knoxville location! With plenty of room to spread out, a functional layout, and comfortable living spaces, this home is ready for everyday living and making lasting memories. Conveniently located near shopping, dining, schools, parks, and everyday essentials, you'll love the balance of space, comfort, and convenience this home has to offer.

1623 Reaves Rd, Knoxville
2719 Barton St, Knoxville
$349,000
3 Beds ⋅ 2 Baths ⋅ 1360713 MLS
Discover this beautifully updated home in the heart of Knoxville, conveniently located near shopping, dining, and everyday amenities. This charming 3-bedroom, 2-full-bath home features fresh paint, new flooring, updated kitchen countertops, stylish light fixtures, and more. The inviting ranch-style layout offers comfortable living, with an additional space just off the kitchen featuring a full bath. Step outside to enjoy the spacious, fully fenced backyard, perfect for entertaining, relaxing, or enjoying time outdoors. A detached garage/workshop provides additional storage and endless possibilities for hobbies, projects, or extra workspace. With its thoughtful updates, functional layout, and convenient location, this home offers the perfect blend of comfort, charm, and versatility

2719 Barton St, Knoxville
5109 Foxwood Rd, Knoxville
$349,900
3 Beds ⋅ 2 Baths ⋅ 1360711 MLS
LOCATION, LOCATION, LOCATION! Minutes to I640, Downtown Knoxville, West Knox, and Oak Ridge! Freshly transformed from top to bottom, this 1,580-square-foot split-foyer home pairs polished updates with flexible living space. Three bedrooms and one bathroom anchor the main level layout, while the basement includes a possible fourth bedroom and full bathroom--an appealing option for guests, work, hobbies, or additional privacy. Fresh paint inside and out creates a crisp backdrop, complemented by new waterproof LVP flooring and new windows. The kitchen arrives ready for everyday meals with a new Whirlpool range, microwave, and refrigerator. A metal roof and vinyl siding add practical exterior benefits, while the enclosed porch is heated and cooled for comfortable use beyond a single season. Out back, a freshly stained deck overlooks the fenced yard, creating room for cookouts, pets, play, or gardening. A storage shed keeps tools and outdoor gear neatly tucked away. Walmart Neighborhood Market is nearby for errands, and Victor Ashe Park offers recreation within easy reach. Renovated, versatile, and ready to enjoy, this home deserves a closer look. Schedule your private tour today.

5109 Foxwood Rd, Knoxville
3337 Lay Ave, Knoxville
$250,000
4 Beds ⋅ 2 Baths ⋅ 1360707 MLS
MOVE-IN READY, UPDATED & FULL OF POTENTIAL, PERFECT FOR HOMEOWNERS OR INVESTORS! Whether you're searching for your next home or a smart addition to your real estate investment portfolio, this beautifully updated, one-level home checks all the boxes! Featuring 4 spacious bedrooms and 2 full bathrooms, this property offers a functional, versatile floor plan with the convenience of single-level living. Enjoy an updated kitchen, two refreshed bathrooms, fresh interior paint, and a clean, inviting atmosphere that's ready for immediate occupancy. With four bedrooms, there's plenty of flexibility for family, guests, a home office, or additional living space. Homebuyers will appreciate the move-in-ready condition, low-maintenance lifestyle, and the opportunity to settle in without the hassle of major renovations. Investors will love the rental potential, desirable four-bedroom layout, and updated interiors that make this property an attractive candidate for a long-term rental or buy-and-hold investment. Whether you're looking for a primary residence, your first home, or an income-producing investment opportunity, this property offers the versatility, functionality, and potential you've been searching for.

3337 Lay Ave, Knoxville
405 E Inskip Drive, Knoxville
$475,000
5 Beds ⋅ 3 Baths ⋅ 1360706 MLS
1920s Charm Meets Modern Farmhouse Luxury, Complete with a Stunning In-ground Pool! If you've been searching for a home with timeless character, modern sophistication, and a backyard that feels like your own private retreat, this is the one! Originally built in the 1920s, this beautifully reimagined modern farmhouse seamlessly blends historic charm with the comfort, style, and conveniences of today's living. Boasting over 2,500 square feet, 5 spacious bedrooms, and 3 beautifully updated bathrooms, this home has been completely renovated from top to bottom! Enjoy the peace of mind that comes with a new roof, new windows, new flooring, a gorgeous new kitchen, and stunningly renovated bathrooms, all thoughtfully designed to complement the home's original character. Soaring ceilings, inviting living spaces, and abundant natural light create an atmosphere that feels both grand and welcoming. And the outdoor living? Absolutely spectacular! Start your mornings sipping coffee on the enormous, oversized front porch, where classic Southern charm takes center stage. Then step outside to discover your very own backyard oasis, featuring an amazing in-ground swimming pool that's perfect for entertaining, relaxing, and making unforgettable memories. The oversized lot offers exceptional outdoor space with endless possibilities for gardening, recreation, and enjoying the East Tennessee lifestyle. Location is the icing on the cake! Conveniently located minutes from Downtown Knoxville, major interstates, schools, shopping, dining, and entertainment, this home offers the perfect mix of accessibility and peaceful residential living. Historic soul. Modern luxury. Incredible outdoor living. Homes with this much character, this level of renovation, and a beautiful swimming pool are a rare find! Don't miss your opportunity to own a truly special piece of Knoxville history, beautifully updated for the way you want to live today.

405 E Inskip Drive, Knoxville
1823 Penwood Drive, Knoxville
$390,000
3 Beds ⋅ 3 Baths ⋅ 1360704 MLS
Charming two-story home in the desirable Farmington subdivision of West Knoxville, located in the highly sought-after Bluegrass Elementary School zone! Enjoy a spacious, level front and backyard with a large backyard fenced on three sides. The main level features a large wood-burning fireplace, a kitchen with an adjoining dining area, a separate formal dining room, half bath, and laundry room. An additional pantry/office space provides extra flexibility and storage. Upstairs, you'll find three bedrooms, including an extra-large primary suite with a private full bath and walk-in closet. A great opportunity to enjoy comfortable living in a fantastic West Knoxville location!

1823 Penwood Drive, Knoxville
6804 NW Stockton Drive, Knoxville
$349,900
3 Beds ⋅ 2 Baths ⋅ 1360669 MLS
Welcome to West Hills! Tucked away at the end of a private dead-end street, this 3-bedroom, 2-bathroom home has some great features and a location that's hard to beat! Inside, you'll find beautiful hardwood floors and new carpet, a brand-new roof, a newly installed ADT security system, and recent improvements to the crawlspace and ductwork are additional highlights. One of the best features of this property is the fantastic backyard! Fully fenced and private, there's plenty of room for pets to play, outdoor entertaining, gardening, or simply enjoying your own backyard space. Located in one of Knoxville's most established neighborhoods, you're less than 10 minutes from West Town Mall and approximately 15 minutes from Downtown Knoxville, with shopping, restaurants, and entertainment just a short drive away. With a great backyard, recent updates, and a convenient West Knoxville location, this home is definitely worth a look!

6804 NW Stockton Drive, Knoxville
4130 Alma Ave, Knoxville
$249,900
3 Beds ⋅ 2 Baths ⋅ 1360657 MLS
CHARACTER, CHARM & UPDATES IN KNOXVILLE! Welcome to 4130 Alma Avenue, where timeless Craftsman character meets modern improvements! Situated on a spacious corner lot, this charming home offers 3 bedrooms, 1.5 bathrooms, and an inviting floor plan filled with warmth and original character. From the moment you arrive, you'll appreciate the expansive covered front porch, perfect for morning coffee or relaxing evenings. Inside, beautifully refinished hardwood floors flow throughout the living spaces, complemented by fresh interior paint, updated fixtures, a spacious great room, formal dining area, and generously sized kitchen. Numerous improvements provide added peace of mind, including a NEW ROOF in 2024, updated water heater, professionally cleaned ductwork, renovated bathroom, two new toilets, refreshed laundry area with utility sink, and crawlspace improvements completed by Thomas Waterproofing with a LIFETIME WARRANTY! Step outside to enjoy the large, level, fully fenced backyard offering plenty of room for entertaining, pets, gardening, or simply enjoying the outdoors. With its classic Craftsman details, thoughtful updates, and convenient Knoxville location, 4130 Alma Avenue is full of personality and potential. Whether you're searching for your first home, looking to downsize, or adding to your investment portfolio, this is an opportunity you won't want to miss! CLASSIC CHARM. MODERN UPDATES. ROOM TO ENJOY. Schedule your private showing today!

4130 Alma Ave, Knoxville
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