N/A Homes under $500,000

N/A Homes under $500,000

Welcome to the enchanting world of Tennessee real estate, where your dream home awaits at an affordable price! Nestled in the heart of this beautiful state, you'll discover a variety of charming neighborhoods that offer homes under $500,000, perfect for first-time buyers, families, or anyone seeking a cozy retreat.

Imagine waking up in a picturesque community surrounded by rolling hills, lush greenery, and friendly neighbors. Tennessee is renowned for its warm hospitality and vibrant culture, making it an ideal place to call home. Whether you’re drawn to the bustling energy of Nashville, the serene landscapes of the Smoky Mountains, or the quaint charm of small towns, there’s something for everyone.

In this price range, you’ll find an array of homes that blend comfort with style. From modern single-family houses boasting open floor plans and spacious backyards to charming bungalows with character and timeless appeal, the options are endless. Many of these homes come equipped with updated amenities, making them move-in ready for you and your family.

The affordability of homes under $500,000 allows you to invest in your future while enjoying all that Tennessee has to offer. Explore local parks, indulge in delicious Southern cuisine, and immerse yourself in the rich musical heritage that permeates the air.

Don’t miss out on this incredible opportunity to find your perfect home in Tennessee. With a little exploration and the right guidance, you’ll be well on your way to living the life you’ve always dreamed of. Welcome to your new beginning!

Newest N/A Homes under $500,000

153 Padgett Mill Rd, Cosby
$444,000
2 Beds ⋅ 2 Baths ⋅ 1350025 MLS
153 Padgett Mill Rd. | Cosby, TN Peaceful Mountain Living with Creek Access & Waterfall Views! Some homes simply feel like East Tennessee, and this is one of them. Built in 2002, this beautifully maintained 2-bedroom, 2-bath cabin offers 1,120 square feet of comfortable living space on 0.47 acres. Whether you're searching for your first home, a peaceful place to retire, or a weekend getaway in the Smokies, this property is ready for its next chapter. Step inside to find warm wood flooring, tile bathrooms, a cozy fireplace, and an open-concept kitchen and living area that's perfect for spending time with family and friends. Covered front and back porches invite you to slow down, enjoy the mountain air, and take in the beautiful surroundings. Outside you'll find a large fenced yard, a solar-powered storage building, and gorgeous mountain views. One of the property's most unique features is its access to a beautiful creek with views of a picturesque waterfall, offering the perfect place to relax, picnic, or simply enjoy the sounds of flowing water. Conveniently Located • Only 0.3 miles from Cosby School (K-12) • Just 10 minutes to Newport and Walmart • Approximately 25 minutes to Gatlinburg • County taxes only $851.98 (2025) If you've been looking for a move-in-ready home that offers the beauty of the Smoky Mountains while still being close to schools, shopping, and area attractions, this one deserves a spot at the top of your list. Call today to schedule your private showing and experience everything this charming Cosby cabin has to offer!

153 Padgett Mill Rd, Cosby
4705 Nebo Rd, Walland
$350,000
2 Beds ⋅ 1 Baths ⋅ 1347775 MLS
Nestled on approximately 6 beautiful UNRESTRICTED acres in the peaceful countryside of Walland, this charming one-bedroom home with a spacious loft offers the perfect blend of modern updates and country living. Whether you're searching for a full-time residence, weekend retreat, family compound, or investment opportunity, this property is move-in ready and full of character. Extensively renovated in 2021 and 2022, the home features a new roof, updated plumbing, updated electrical, New foam insulation, heating and air units, flooring, fresh paint, and numerous additional improvements, providing peace of mind for years to come. In 2026, a brand-new water line was installed from the road to the home, adding even more value and reliability. The inviting interior offers an open living space filled with natural light, a comfortable bedroom, and a versatile loft perfect for additional sleeping space, a home office, or recreation area. Outside, the six-acre setting provides endless possibilities, from homesteading, gardening, and recreation to creating your own mini farm or simply enjoying the privacy and mountain air. If you've been dreaming of a beautifully updated home with acreage, low utilities, and low taxes, in the heart of East Tennessee, this is an opportunity you won't want to miss. Owner/Agent

4705 Nebo Rd, Walland
822 Rose Hill Drive, Lafollette
$252,000
3 Beds ⋅ 2 Baths ⋅ 1346671 MLS
Finding over 1.3 acres inside the city limits is rare. Finding it with two structures, updated improvements, city utilities, natural gas, and easy access to Norris Lake is even rarer. Welcome to 822 Rose Hill Drive, where space meets everyday convenience. The main home offers approximately 1,456 square feet of finished living area with a desirable split-bedroom floor plan, spacious living areas, and recent improvements including like-new metal roofs on both the home and detached building, fresh interior paint, and new flooring in select areas. The main home also includes an approximately 390-square-foot unfinished walk-out basement, adding valuable space for storage, hobbies, workshop use, or future possibilities. In addition, the property includes an approximately 636-square-foot insulated secondary structure that is nearly finished and only needs a little work, offering excellent potential for additional living space, a guest area, studio, hobby space, or flexible use for the next owner. This structure also includes an unfinished basement area and an open porch, further adding to the property's versatility. Step outside and discover what truly sets this property apart. The oversized lot with two road frontages--roughly equivalent to seven typical city lots combined--offers exceptional room to expand, garden, entertain, let children or pets play, or simply enjoy the privacy created by the mature trees surrounding the property. The covered porch, back deck, hot tub, and wooded setting create a relaxed outdoor atmosphere, while the detached building adds even more space for projects, equipment, recreational gear, or a dedicated workspace. Walk or ride bikes to local parks, coffee shops and eateries. Outdoor recreation is only minutes away, with Big Creek boat ramp, Lonas Young Park Beach, ATV trail access at Tank Springs Trailhead, Cove Lake State Park, multiple Norris Lake marinas, parks, and hiking opportunities all within a short drive. This property is equally appealing as a full-time residence, weekend getaway, or potential investment opportunity. Buyers may also appreciate eligibility for FHA, VA, USDA, and Conventional financing, subject to lender approval. Recently reduced to $252,000, this home represents one of the strongest combinations of land, storage, updates, and location currently available in LaFollette. Schedule your private showing today.

822 Rose Hill Drive, Lafollette
124 Salem Rd, Oak Ridge
$285,000
2 Beds ⋅ 2 Baths ⋅ 1346528 MLS
If you're looking for extra storage or hobby space, this home could be the one for you! This cute, two-bedroom, two-bath basement ranch home has extra space galore. Main level features beautiful hardwood floors, great natural light, and two spacious bedrooms. There is a large sunroom off the primary bedroom. Downstairs is a full bathroom and a blank slate of potential. Detached workshop provides plenty of extra room for all storage and hobby needs.

124 Salem Rd, Oak Ridge
114 Balboa Circle, Oak Ridge
$365,000
4 Beds ⋅ 3 Baths ⋅ 1346325 MLS
Nestled on a peaceful wooded lot, this spacious mid-century modern home is ready to be completely reimagined to fit your vision. The property features a desirable open floor plan with large bedrooms, providing plenty of options for use of space. Outside, a brand-new deck overlooks the beautifully private backyard, making it the perfect spot for relaxing. Situated in a highly desirable neighborhood with a great location, this home combines a great setting with ultimate convenience.

114 Balboa Circle, Oak Ridge
113 Niagara Lane, Oak Ridge
$199,900
2 Beds ⋅ 1 Baths ⋅ 1328597 MLS
Tucked away on a quiet cul-de-sac in Oak Ridge, this charming home offers simplicity, comfort, and an easy connection to the outdoors. Set on a level .2-acre lot, the fenced yard provides space to relax, garden, or gather, with a deck and patio that extend living outdoors. Inside, the home features two bedrooms, a dedicated laundry room, and a practical layout that makes the most of its footprint. Recent plumbing updates add peace of mind, while all appliances convey for added convenience. A storage shed offers extra room for tools, hobbies, or weekend projects. Located within the Oak Ridge school district and just minutes from Melton Lake Marina, Haw Ridge trails, shopping, and daily essentials, this home blends a quiet setting with quick access to the places that make Oak Ridge special. This owner has had the home rented overnight and weekly and was earning up to $2300 per month.

113 Niagara Lane, Oak Ridge
280 Bone Cave Rd, Rock Island
$109,500
1 Beds ⋅ 1 Baths ⋅ 1327297 MLS
Motivated seller--bring your offer and make this one yours! Cozy and charming 1-bedroom, 1-bath home with a brand new deck situated on just over half an acre of unrestricted land with a beautiful view! Recently refreshed with new flooring, resealed roof, and fresh paint, this move-in-ready home offers peaceful surroundings and plenty of room to expand or make it your own. Conveniently located just minutes from Rock Island State Park, the Caney Fork River, Rocky River and other scenic outdoor destinations--perfect for nature lovers and adventure seekers. Ideal as a full-time residence, weekend retreat, or investment opportunity.

280 Bone Cave Rd, Rock Island
468 Rudd Rd, Townsend
$499,900
3 Beds ⋅ 1 Baths ⋅ 1304081 MLS

468 Rudd Rd, Townsend
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