Knoxville Homes under $500,000

Welcome to Knoxville, Tennessee – a vibrant city that perfectly blends rich history, stunning natural beauty, and a thriving cultural scene. Nestled in the heart of Knox County, Knoxville is known for its friendly atmosphere and picturesque landscapes, making it an ideal place to call home.

As you explore the local neighborhoods, you’ll discover a variety of charming homes available for under $500,000. Whether you’re a first-time homebuyer or looking to downsize, Knoxville offers an array of options that cater to diverse lifestyles and preferences. From cozy bungalows in historic districts to modern townhouses near the bustling downtown area, there’s something for everyone.

Knoxville is also home to a wealth of amenities. Enjoy outdoor adventures in the nearby Great Smoky Mountains, where hiking, biking, and breathtaking views await. The city boasts a vibrant arts scene, with galleries, theaters, and live music venues that showcase local talent. Food enthusiasts will delight in the diverse culinary offerings, ranging from farm-to-table restaurants to beloved local diners.

Education is a priority in Knoxville, with excellent schools and the prestigious University of Tennessee enriching the community. With its affordable housing market, rich cultural heritage, and abundance of recreational activities, Knoxville is not just a place to live – it’s a place to thrive.

Explore the possibilities that await you in Knoxville, TN. Your dream home is just around the corner, and with homes under $500,000, now is the perfect time to make this charming city your own!

Newest Knoxville Homes under $500,000

$355,000

3 Beds ⋅ 2 Baths ⋅ 1357939 MLS

Welcome to 6712 Greenbrook Drive, a charming 3-bedroom, 1.5-bathroom rancher nestled in the desirable Karns community! Situated on a spacious 0.49+/-acre lot, this home offers a wonderful combination of comfortable living, convenient location, and a great neighborhood setting that provides the perfect place to enjoy a nice walk. Inside, you'll find beautiful original hardwood floors that bring timeless character and warmth to the home. The kitchen features beautiful new countertops, and an open setting to host at your dining room table. A new HVAC system provides added comfort and peace of mind for years to come! This home offers plenty of parking and storage with a one-car attached garage, a spacious two-car detached garage, and a nice storage shed. With a large yard, this provides room to enjoy the outdoors, garden, entertain, or simply relax and enjoy your own space. With this convenient ranch-style layout, spacious lot, original hardwood floors, new HVAC, and impressive garage space, this home is a great opportunity for buyers looking for both comfort and functionality in a desirable location. Schedule a showing and come welcome yourself home to 6712 Greenbrook Drive. **Information deemed reliable but not guaranteed. Buyer and/or buyer's agent to verify all information within this listing**

6712 Greenbrook Drive, Knoxville

Listing courtesy of Denisa Dills of United Real Estate Solutions.

$385,000

3 Beds ⋅ 2 Baths ⋅ 1357917 MLS

Welcome home to this well-maintained brick and vinyl ranch nestled on a spacious corner lot of nearly an acre, offering an incredible combination of comfortable living and unforgettable outdoor spaces. From the covered front porch to the large backyard retreat, this home is designed for enjoying everyday life and making memories. Step inside to find new LVP flooring throughout the main level and a spacious living room filled with natural light. The kitchen, dining area, and living room have been thoughtfully opened up, creating a seamless flow for everyday living and entertaining. The kitchen features a breakfast bar and opens directly to the expansive outdoor living area. The backyard is truly the heart of this home, featuring a large deck with above-ground pool, tiki bar, horseshoe pit, and plenty of space to gather with family and friends. The deck wraps around the pool and extends along much of the home, creating the perfect setting for summer days, cookouts, and evenings spent outside. A classic dinner bell even adds a fun touch for calling everyone home! The main level offers three bedrooms, including a primary suite tucked at the back of the home with a convenient half bath that connects to the full bathroom featuring a tub/shower combination. The additional bedrooms are located down the hall and offer plenty of natural light. Downstairs, the basement provides even more living space with a cozy sitting area featuring a natural gas fireplace, a large laundry room, and a versatile flex room ready to accommodate whatever your needs may be--home office, playroom, hobby space, or additional entertaining area. Additional highlights include a two-car side-entry garage and a peaceful setting while still being conveniently located near restaurants, grocery stores, hospitals, and the University of Tennessee. This is the kind of home where memories are made--come see it for yourself!

6124 Lilywood Lane, Knoxville

Listing courtesy of Robin Ann Aggers of Wallace.

$449,000

3 Beds ⋅ 2 Baths ⋅ 1357903 MLS

BETTER THAN NEW -- AND FULL OF CHARACTER! Why settle for new construction when you can have a home that feels fresh, stylish, and already has the special touches in place? Situated on a desirable corner lot, this beautiful home offers an inviting open floor plan accented by eye-catching feature walls that add warmth and personality throughout. The spacious primary suite includes a large walk-in closet, providing plenty of storage. One of the standout features is the large screened-in porch--the perfect place for morning coffee, relaxing evenings, or entertaining friends and family. Step outside and gather around the fire pit for cozy nights under the stars. Better than new, move-in ready, and loaded with character--this is a home you'll want to see in person!

3403 Buffat Mill Rd, Knoxville

Listing courtesy of Tammie Hill of Realty Executives Associates.

$365,000

4 Beds ⋅ 3 Baths ⋅ 1357899 MLS

Two complete living quarters under one roof in the desirable Halls community. This four-bedroom brick home offers 2464 square feet across two levels of 1,232 square feet each, and each level has its own kitchen, full bathroom, and laundry. The main level features an open kitchen with island and stainless appliances, a dining area that opens to the back deck, and a walk-in shower in the bath. The lower level is a full second living space with its own kitchen, full bath, laundry, and a separate entrance. It is currently an open layout that could be divided into bedrooms to suit your needs. Ideal for multi-generational living, guests, or anyone wanting space to spread out. Outside, enjoy a tree-lined backyard, a partially fenced chain link area ready for pets, and a storage shed. Convenient Knoxville suburb location close to Halls schools, shopping, and dining. All information is deemed reliable but not guaranteed. Buyer and buyer's agent to verify all information, including square footage, lot size, and schools.

4410 Hallsdale Circle, Knoxville

Listing courtesy of David Oliver of TN Real Estate & Auction, LLC.

$465,000

3 Beds ⋅ 2 Baths ⋅ 1357891 MLS

5501 Ball Rd has been completely renovated, so there is nothing left to do but unpack. Sitting on 1.1 acres, this home features a new HVAC system, new water heater, all-new appliances, new flooring, fresh paint, and updated kitchen and baths. Inside you'll find 3 bedrooms and 2 baths with an easy, functional layout, plus a finished basement that walks out to a huge storage area. The downstairs space is perfect for a second living area, home office, gym, guest suite, or hobby space. The lot is the real prize. Park your RV, add a workshop or garden, build an ADU for guests or rental income, or explore subdividing the acreage (buyer to verify with Knox County zoning and planning). Move-in ready now, with plenty of potential for later. Schedule your showing today!

5501 Ball Rd, Knoxville

Listing courtesy of Katie Bell of Real Broker.

$375,000

4 Beds ⋅ 2 Baths ⋅ 1357879 MLS

Tucked into West Knoxville's Lakeshire neighborhood on a lot that feels wonderfully private, this 4-bedroom, 1.5-bath basement ranch gives you room to grow -- with a finished lower level that includes a huge bonus room and a separate bedroom, there's space for movie nights, a home office, guests, or all three. Start your mornings with coffee on the covered front porch, then head out back to a great backyard made for play -- complete with a cute little treehouse the kids will never want to leave. Lakeshire puts you close to everything West Knoxville has to offer, all wrapped in a quiet, established neighborhood feel. Opportunities like this -- the space, the privacy, the neighborhood -- don't come around often. Come see it before it's gone!

1403 Northshire Lane, Knoxville

Listing courtesy of Martha Riordan of MR10 Realty.

$269,900

5 Beds ⋅ 3 Baths ⋅ 1357864 MLS

Don't miss this unique opportunity to own 2.76 acres in a great location, conveniently close to downtown Knoxville while still offering the privacy and space you desire. This property features a house and a doublewide, providing plenty of possibilities for investors, homeowners, or anyone looking to make improvements and add value. With potential rental income, room to enhance the existing properties, and acreage to enjoy, the possibilities are numerous. Located in a desirable school zone (Gibbs) and offering the benefit of low county taxes, this property presents an excellent opportunity for someone with vision. Whether you're looking for an investment property, rental income potential, or a place to make your own, this one is full of possibilities!

6835 Ridgeview Rd, Knoxville

Listing courtesy of Aaron Newman of Elite Realty.

$319,900

3 Beds ⋅ 2 Baths ⋅ 1357849 MLS

Corner lot, minutes to interstate. Rancher with 3 bedrooms, 1 1/2 baths. Eat-in Kitchen, open to large den. Large Laundry room with extra storage space. Hardwood flooring and some LVP. Full bathroom has had some updates. HVAC is 2 years old. Large mud room and fenced yard. House being sold ''as is''.

4933 Azalea Drive, Knoxville

Listing courtesy of Connie Roberts of Roberts Real Estate.

$415,000

3 Beds ⋅ 3 Baths ⋅ 1357846 MLS

Move-in ready basement ranch on 2.8 private acres in South Knoxville! Tucked away at the end of a quiet cul-de-sac, this home offers a rare combination of privacy, space, and convenience. The property includes three parcels totaling approximately 2.8 acres, creating a peaceful, wooded setting with plenty of room to enjoy. Inside, you'll find a spacious main-level living room and a refreshed kitchen featuring refinished countertops and a new dishwasher and range. Recent updates continue throughout the home with all-new flooring, fresh interior paint, and a new washer and dryer, making this one truly ready for its next owner. The finished basement adds valuable additional living space with a large second family room and wood-burning fireplace--perfect for movie nights, entertaining, a game room, or simply relaxing by the fire. Step outside onto the brand-new rear deck overlooking the woods, where the secluded setting provides a great spot for morning coffee, grilling, or unwinding at the end of the day. With 2.8 acres, three parcels, two generous living areas, numerous recent updates, a wood-burning fireplace, and a private cul-de-sac location, this South Knoxville property offers space and privacy that can be hard to find. Move right in and start enjoying it!

624 Starlite Lane, Knoxville

Listing courtesy of Mark McCormick of Keller Williams.

$290,000

3 Beds ⋅ 2 Baths ⋅ 1357842 MLS

Move-in ready just minutes from Downtown Knoxville and the University of Tennessee! This updated 3-bedroom, 2-full-bath home offers an excellent combination of location, improvements, and usable outdoor space on an impressive 0.37-acre lot, a rare find this close to downtown. The current owner has continued improving the property, including converting the former half bath into a full bath, along with updated plumbing and an encapsulated crawlspace with a dehumidifier system and convenient interior access. Additional improvements include a newer HVAC system, new windows throughout, approximately 5-year-old roof, newer gutters, gutter guards, siding, updated flooring, and interior and exterior paint. The original carport has been converted into a 1 car garage with power and a side entrance from the porch. The home is being sold furnished with the exception of select small décor and wall art, making it an easy move-in opportunity. Full details of furnishings are noted in agent remarks. Washer & dryer along with the kitchen appliances convey as well. With its close proximity to UT campus and Downtown Knoxville, it also offers an attractive option for buyers seeking convenient housing near the university for student housing and everything downtown has to offer. Outside, the oversized 0.37-acre city lot provides plenty of usable space and includes a covered, open-sided structure previously used for boat storage. The property is also eligible for THDA Great Choice financing for qualified buyers, providing another potential path to homeownership. 3 bedrooms. 2 full baths. Major updates. Furnished. A large city lot. All just minutes from UT and Downtown Knoxville.

1706 Hazen St, Knoxville

Listing courtesy of Ryan Taylor of Wallace.

$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

Listing courtesy of Felix Ordaz of United Real Estate Solutions.

$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

Listing courtesy of Tiffany Winchell of Brougham Properties.

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Listings courtesy of Spartanburg Association of Realtors as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.