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 landscapes, Knoxville offers a unique blend of urban excitement and outdoor adventure. With a thriving arts scene, a bustling downtown filled with shops and restaurants, and easy access to some of the nation’s most beautiful parks, it’s no wonder that Knoxville is becoming a sought-after destination for homebuyers.

For those seeking affordable housing options, Knoxville has an impressive selection of homes priced under $500,000. Whether you're a first-time buyer, a growing family, or looking to downsize, this city has something to suit every lifestyle. From charming historic bungalows to contemporary townhomes and spacious family houses, you’ll find a variety of architectural styles and neighborhoods to explore.

Imagine sipping your morning coffee on a cozy front porch, or hosting weekend barbecues in a spacious backyard. With homes in this price range, you can enjoy the comfort and space you desire without breaking the bank. Plus, Knoxville’s welcoming community and excellent schools make it an ideal place to raise a family or settle down.

In addition to its affordable housing market, Knoxville boasts an array of recreational activities, including hiking, biking, and water sports on the Tennessee River. With a low cost of living and a high quality of life, Knoxville is not just a place to live; it’s a place to thrive. Come discover your dream home in this charming city today!

Newest Knoxville Homes under $500,000

2810 Knob Creek Lane, Knoxville
$290,000
2 Beds ⋅ 2 Baths ⋅ 1,356 SqFt. ⋅ 1359442 MLS ⋅ ACTIVE Status
LOWEST-PRICED HOME IN MOSS CREEK VILLAS -- INCREDIBLE VALUE & OPPORTUNITY! Why pay more when you can make this home your own? Welcome to this end unit 2810 Knob Creek Lane, where affordable, low-maintenance living meets an unbeatable Knoxville location. New PEX plumbing was installed in 2024. Step inside and discover an inviting living area with soaring vaulted ceilings and Palladian windows that create an open, spacious feel. The desirable split-bedroom floor plan provides privacy and flexibility, perfect for guests, a home office, or comfortable everyday living. With everything conveniently located on one level, you'll appreciate the simplicity and ease of this thoughtfully designed home. Enjoy the attached one-car garage, a generously sized outdoor patio perfect for relaxing or entertaining, and an additional outdoor storage room. As part of a Planned Unit Development (PUD), you'll enjoy community-maintained grounds while still having the opportunity to add your own personal touch with flowers and landscaping, subject to community guidelines. Situated in great Knoxville location, you're just minutes from shopping, grocery stores, restaurants, schools, medical facilities, and easy access to I-75. Downtown Knoxville, the University of Tennessee, and so much more are just a short drive away! PRICED WITH POTENTIAL IN MIND!This home offers an excellent opportunity to make a few cosmetic updates, choose your own finishes, and create a space that reflects YOUR style--all without paying a premium for someone else's renovations!

2810 Knob Creek Lane, Knoxville
3906 Luwana Ln, Knoxville
$209,900
3 Beds ⋅ 2 Baths ⋅ 1,143 SqFt. ⋅ 3622811 MLS ⋅ ACTIVE Status
Charming three bedroom, two full baths, large living room, covered front porch. The large detach garage has a one bedroom, one bath apartment that can be a real bonus as possible income of for a family member. The large dining / kitchen combo area is prefect for the growing family. Convenient to all of downtown, I-640 & I40 E & W. Home feather laminate flooring, stainless appliances, deck at the rear, fenced back yard for the children and animals, oversized detached garage with separate electric and water heater ---- A REAL PLUS. Local Community pool within walking distance and golf course three minutes away. All offers to be placed by the buyers agent at www.propoffers.com. The winning agent will pay a $200+ tax fee at closing. (Technology Fee).

3906 Luwana Ln, Knoxville
3906 Luwana Lane, Knoxville
$209,900
3 Beds ⋅ 2 Baths ⋅ 1,143 SqFt. ⋅ 1359440 MLS ⋅ ACTIVE Status
Charming three bedroom, two full baths, large living room, covered front porch. The large detach garage has a one bedroom, one bath apartment that can be a real bonus as possible income of for a family member. The large dining / kitchen combo area is prefect for the growing family. Convenient to all of downtown, I-640 & I40 E & W. Home feather laminate flooring, stainless appliances, deck at the rear, fenced back yard for the children and animals, oversized detached garage with separate electric and water heater ---- A REAL PLUS. Local Community pool within walking distance and golf course three minutes away. All offers to be placed by the buyers agent at www.propoffers.com. The winning agent will pay a $200+ tax fee at closing. (Technology Fee).

3906 Luwana Lane, Knoxville
5007 Wilkshire Drive, Knoxville
$350,000
3 Beds ⋅ 3 Baths ⋅ 1,898 SqFt. ⋅ 1359409 MLS ⋅ COMING SOON - NO SHOWINGS Status
Welcome to this spacious 3-bedroom, 2-bathroom home offering 1,898 square feet in Wilkshire Estates. Located on a quiet, low traffic street, this home features a comfortable layout with plenty of space to make your own. Enjoy the large back deck, perfect for relaxing or entertaining, along with a detached garage and a separate storage building for added space and convenience. Come see all the potential this Wilkshire Estates home has to offer! --

5007 Wilkshire Drive, Knoxville
1535 Delaware Ave, Knoxville
$120,000
2 Beds ⋅ 1 Baths ⋅ 958 SqFt. ⋅ 1359388 MLS ⋅ ACTIVE Status
Lonsdale community is taking great pride which is evidenced by the many homes that have been updated showing pride of ownership. This listing is being sold ''as is'' and waiting for your vision and updating. Seller motivated. There is parking at the back of home and street side as well.

1535 Delaware Ave, Knoxville
7032 Pemmbrooke Shire Lane, Knoxville
$369,000
2 Beds ⋅ 2 Baths ⋅ 1,593 SqFt. ⋅ 1359375 MLS ⋅ ACTIVE Status
Welcome to this charming, single-level home featuring 2 bedrooms, 2 full bathrooms, and a versatile office/flex room perfect for working from home, hobbies, or additional living space. Enjoy easy maintenance with vinyl plank flooring throughout the entire home, along with peace of mind from a new roof and an HVAC system less than 3 years old. The inviting living area features a wood-burning fireplace, while the fenced backyard offers a great space for relaxing or entertaining. A spacious 2-car garage provides added convenience and storage. Enjoy low-maintenance living with HOA amenities that include lawn care and access to the community pool. This home offers comfort, functionality, and convenience all on one level! Schedule your showing today!

7032 Pemmbrooke Shire Lane, Knoxville
3716 Orangewood Rd, Knoxville
$316,000
3 Beds ⋅ 2 Baths ⋅ 1,270 SqFt. ⋅ 1359367 MLS ⋅ ACTIVE Status
This stunning renovation at 3716 Orangewood is ready for new owners who seek a refined aesthetic, an incredibly convenient location, and multiple strategic improvements - all at a price with today's buyer in mind. Updates abound in this warm and inviting space, including beautiful new hybrid resilient and luxury vinyl tile flooring, fresh creative paint throughout, attractive new fixtures and hardware, and custom trim and wall details. The current owners have also invested in a brand new roof, water heater, and additional attic insulation in the past year, offering peace of mind and longevity. The living and dining spaces flow naturally around the elegant kitchen which features upgraded cabinetry, striking granite tops, and all brand-new stainless steel appliances. Both bathrooms have been transformed from top to bottom to be as uniquely attractive as they are functional. The laundry room offers extra storage and additional space not included in square footage. Outdoor relaxation is easy with a covered front porch and two private patios that overlook the fire pit and professionally landscaped grounds. The fenced and level backyard has been enhanced with tasteful privacy screens and is adorned by mature trees and built-in park benches. An attached 1-car garage offers generous storage or parking options, in addition to the ample parking space at the recently re-conditioned and re-sealed driveway. The home's sought-after central location offers remarkable convenience to all of Knoxville and beyond, adding to the overall long-term attractiveness of the property. Schedule your private tour today to experience all that this home has to offer! (Disclosure: Seller is a TN Real Estate Licensee.)

3716 Orangewood Rd, Knoxville
4354 Wallerton Court, Knoxville
$469,900
3 Beds ⋅ 2 Baths ⋅ 2,388 SqFt. ⋅ 1359363 MLS ⋅ ACTIVE Status
BEAUTIFULLY, UNDATED SHOWPLACE IN THE HALLS COMMUNITY! This All-Brick Home Features a Split Bedroom Plan which includes; 3 Bedrooms, 2 Full Bathrooms with the Master Suite and Guest Bedroom both on the Main Level! The Master Suite offers a Cathedral Ceiling and a Custom Walk-in Tile Shower. In the spacious, eat-in Kitchen there are beautiful new cabinets with granite countertops, and updated appliances, in the Family Room & Dining Room you will find Trey Ceilings, and Plantation Shutters and a Gas Fireplace (Family Room). There is also a Huge Bonus Room, a Sunroom (with a Gas,Fireplace), and a 2 Car Garage. The recent updates include Kitchen, Bathrooms, fresh paint, light fixtures, and So Much More! This Beautiful, Home is a definite Must See!

4354 Wallerton Court, Knoxville
no property photo
$329,900
2 Beds ⋅ 2 Baths ⋅ 1,226 SqFt. ⋅ 1359358 MLS ⋅ COMING SOON - NO SHOWINGS Status
Discover the charm of this beautifully updated Craftsman style home in the heart of South Knoxville! Filled with character and modern touches, this inviting home features a spacious open floor plan seamlessly connecting the living, dining, and kitchen areas-perfect for everyday living and entertaining. The kitchen boasts custom wood cabinetry, granite countertops, and stainless steel appliances. Two generously sized bedrooms offer comfort and style, including a beautiful primary suite featuring French doors and a private custom-designed bathroom. Enjoy relaxing evenings on the expansive covered front porch or entertaining guests on the inviting back patio. Conveniently located just minutes from downtown Knoxville, the University of Tennessee, popular restaurants, and shopping! This charming home offers the perfect blend of character, comfort, and convenience. Don't miss your opportunity to call it home! Showings to begin 10/24/26!

3100 Sevier Ave, Knoxville
733 E Beaver Creek Drive, Knoxville
$225,000
3 Beds ⋅ 2 Baths ⋅ 1,008 SqFt. ⋅ 1359355 MLS ⋅ ACTIVE Status
The Vickie. A cozy and smart little home just waiting for the next owners! The namesake of a very special lady who kept everyone around her safe and secure, this fantastic starter home is the perfect spot for anyone needing a house with good bones and some light TLC projects to make it their own vibe! This 3 bedroom home features major updates that keep a strong home, such as a 3 year old Water Heater, a 5 year old pool with a BRAND NEW liner, all NEW wiring throughout the home, 5 year old HVAC system, and a fairly new roof! With these major things tackled already, all you've got to do is come in and set up shop to make it your own paradise! There are ample storage areas in 3 sheds, one of which is equipped with electricity for any kind of projects you'd want to do in there. Enjoy the fully fenced in backyard and lounge by the pool. There's even a cute little pen for fur-baby Fido! Zoned for Brickey McCloud Elementary, and convenient to both Emory Road & I-75 interstate entrances, this home would be perfect for you.

733 E Beaver Creek Drive, Knoxville
7533 Oaken Dr, Knoxville
$450,000
3 Beds ⋅ 3 Baths ⋅ 2,703 SqFt. ⋅ 3622381 MLS ⋅ ACTIVE Status
Bright and airy and designed for gathering! This 3 bedroom 3 bath home offers spacious living areas, ideal for entertaining or simply enjoying time with friends and family. The expanded kitchen is loaded with storage and ample work space to cook up the most elaborate meals and flows to the dining and living room areas. The basement recreation room features a wet bar kitchen serving the lower level. Outdoors, the covered porch greets your guests and the large covered rear porch is the perfect place to cheer on your favorite teams! With a level yard enclosed by a wooden privacy fence, you will be drawn to be outdoors

7533 Oaken Dr, Knoxville
7533 Oaken Drive, Knoxville
$450,000
3 Beds ⋅ 3 Baths ⋅ 2,703 SqFt. ⋅ 1359350 MLS ⋅ ACTIVE Status
Bright and airy and designed for gathering! This 3 bedroom 3 bath home offers spacious living areas, ideal for entertaining or simply enjoying time with friends and family. The expanded kitchen is loaded with storage and ample work space to cook up the most elaborate meals and flows to the dining and living room areas. The basement recreation room features a wet bar kitchen serving the lower level. Outdoors, the covered porch greets your guests and the large covered rear porch is the perfect place to cheer on your favorite teams! With a level yard enclosed by a wooden privacy fence, you will be drawn to be outdoors

7533 Oaken Drive, Knoxville
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Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2026 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.

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