Knoxville Homes under $500,000

Knoxville Homes under $500,000

Welcome to Knoxville, Tennessee—a vibrant city nestled in the foothills of the Great Smoky Mountains, where Southern charm meets modern living. Known for its rich history, diverse culture, and stunning natural beauty, Knoxville offers a unique blend of urban amenities and outdoor adventures. With a thriving arts scene, bustling markets, and a variety of dining options, there’s always something to explore in this dynamic city.

Knoxville is also home to the prestigious University of Tennessee, which infuses the city with youthful energy and a lively atmosphere. Residents enjoy year-round events, from the famous Knoxville Film Festival to the lively Dogwood Arts Festival, showcasing local talent and creativity. Outdoor enthusiasts will find plenty of opportunities for hiking, biking, and enjoying the great outdoors, with the picturesque Tennessee River and nearby parks providing the perfect backdrop for weekend adventures.

For those in search of a new home, Knoxville offers an impressive array of properties under $500,000. Whether you’re a first-time buyer or looking to downsize, you’ll discover charming single-family homes, modern townhouses, and cozy condos that cater to various lifestyles and preferences. The real estate market in Knoxville is thriving, making it an ideal time to invest in your dream home without breaking the bank.

With its friendly community, excellent schools, and convenient access to shopping and dining, Knoxville is not just a place to live—it’s a place to thrive. Come explore the possibilities and find your perfect home in this enchanting city!

Newest Knoxville Homes under $500,000

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
504 Hayworth Drive, Knoxville
$340,000
3 Beds ⋅ 2 Baths ⋅ 1357705 MLS
Less than 10 minutes from the University of Tennessee! This spacious and thoughtfully updated home in the heart of South Knoxville offers 3 bedrooms, 2 bathrooms, multiple living areas, and incredible flexibility in one of Knoxville's most convenient and rapidly growing locations. Located just minutes from Baker Creek Preserve, enjoy easy access to the Urban Wilderness, Downtown Knoxville, Ijams Nature Center, local restaurants and breweries, hiking and biking trails, interstates, and everyday conveniences - all while tucked into an established, quiet neighborhood. New HVAC system was installed in February 2026. During June 2026, the home's exterior was freshly repainted, as well as both bathrooms. The main-level living room, dining room, hallway, and all bedrooms are being refreshed with new neutral paint and updated luxury vinyl plank flooring, creating a bright, modern feel throughout. THe expansive basement recreation area offers endless possibilities for additional living space as a media room, home gym, workshop, or hobby area. Plus, the home includes over 1,100 square feet of enclosed garage, workshop, and storage space, providing exceptional versatility. Outside you'll find two separate driveways for abundant parking, an attached carport, a large brick patio perfect for entertaining, and a private backyard shaded by mature trees. With its generous living space, extensive storage, recent updates, and outstanding South Knoxville location, this home offers exceptional value in a great neighborhood.

504 Hayworth Drive, Knoxville
5915 Autumn Oaks Lane, Knoxville
$335,000
3 Beds ⋅ 2 Baths ⋅ 1357704 MLS
Welcome home to 5915 Autumn Oaks Lane, a comfortable cottage tucked away on a quiet street. The property includes mature trees that provide ample shade and line the fenced backyard for added privacy. Major home systems have been updated for peace of mind, including a new HVAC and water heater installed in 2026. The cozy kitchen boasts plenty of granite counter space and newer appliances, including range hood installed in 2024, refrigerator in 2023, and Bosch dishwasher in 2021 that still looks and works like new. The owner suite with en-suite bathroom in located on the first floor, while two large bedrooms and a second full bathroom - with updated flooring and vanity - are located on the second floor. The neighborhood is located just minutes from grocery stores and restaurants on Clinton highway, while still an easy drive to downtown Knoxville, West Hills, and Oak Ridge.

5915 Autumn Oaks Lane, Knoxville
116 S Gay St Unit 607, Knoxville
$349,999
1 Beds ⋅ 1 Baths ⋅ 1357702 MLS
Awesome historic Sterchi Lofts condo in a prime downtown Knoxville Gay Street location! All stainless steel kitchen appliances, refrigerator, W/D, and complete furniture package convey to buyer! This well-maintained, move-in-ready condo offers: immaculate turnkey condition! Features include: open concept floor plan, spacious living area, and distinct loft-style character! Also enjoy building amenities featuring a fully furnished rooftop terrace and fitness gym! Call us today to schedule your private showing and secure this incredible downtown investment opportunity before it's too late!

116 S Gay St Unit 607, Knoxville
2524 Presnell Lane, Knoxville
$329,900
4 Beds ⋅ 2 Baths ⋅ 1357689 MLS
Bring your vision to Northeast Knoxville! 2524 Presnell Ln is a 4-bedroom, 2-bath home on spacious 2.5 acre lot, ready for its next chapter. Whether you're a first-time buyer looking to build equity, someone who's dreamed of designing a home your way, or an investor looking for your next project, this property has the space and setting to make it happen. The [level/wooded] lot offers privacy and room to grow, with plenty of space for gardening, entertaining, or adding a workshop. You get country-style living just minutes from [Rutledge Pike, I-640, and Carter-area shopping and schools]. With a little TLC and your personal touch, this one could really shine. Opportunities like this, with this much land this close to town, don't last long. Schedule your showing today!

2524 Presnell Lane, Knoxville
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