New Market Homes under $500,000

Welcome to New Market, Tennessee – a hidden gem nestled in the heart of Jefferson County. This charming city is known for its warm community spirit, picturesque landscapes, and rich history. With its rolling hills and serene surroundings, New Market offers a tranquil lifestyle while being conveniently located just a short drive from the bustling city of Knoxville.

For those seeking a perfect blend of comfort and affordability, New Market presents an enticing opportunity with homes priced under $500,000. Here, you can discover a variety of properties that cater to diverse tastes and needs. From cozy single-family homes with sprawling yards to modern townhouses that offer low-maintenance living, you’ll find something that suits your lifestyle. The local real estate market is thriving, making it an ideal time for first-time homebuyers, families, or anyone looking to invest in a peaceful community.

In addition to its affordable housing options, New Market boasts excellent schools, vibrant parks, and a friendly atmosphere that welcomes newcomers with open arms. Enjoy weekend outings at nearby recreational areas or explore the local shops and eateries that reflect the city’s unique character.

Whether you’re looking to settle down or invest in a promising market, New Market, TN, is a place where dreams of homeownership can come true – all without breaking the bank. Discover the charm of New Market today, and let us help you find the perfect home that fits your budget and lifestyle!

Newest New Market Homes under $500,000

$325,000

3 Beds ⋅ 2 Baths ⋅ 1,200 SqFt. ⋅ 1359058 MLS ⋅ ACTIVE Status

Country charm, modern upgrades, beautiful sunset views with no HOA! This nearly new 3 bed 2 bath home offers approximately 1,200 sq ft on almost an acre, surrounded by peaceful rolling hills. Enjoy your mornings on the covered front porch and unwind in the evenings with gorgeous country sunsets. Inside, you'll find thoughtful upgrades throughout, including a large kitchen island, granite countertops in the kitchen and bathrooms, upgraded shaker-style cabinetry, upgraded appliances, and engineered hardwood flooring throughout--no carpet! The owners also added storm doors, extra pantry and closet shelving, and the washer and dryer convey. Step outside to a spacious backyard, back deck, and a 9x12 utility shed with loft for extra storage. Enjoy the freedom of no HOA while still being conveniently located near shopping, medical facilities, restaurants, Cherokee Lake, Jefferson City, Knoxville, and the Great Smoky Mountains. Move-in ready and only two years old--this one is easy to fall in love with!

857 Nance Rd, New Market

$239,900

3 Beds ⋅ 2 Baths ⋅ 1,104 SqFt. ⋅ 1359047 MLS ⋅ ACTIVE Status

Showings start Sunday Afternoon LOCATION! LOCATION! Looking for a home with some room to spread out while staying close to everything? Check out this manufactured home sitting on over half an acre in a fantastic location! 3 Bedroom, and 2 Bathrooms. Features a fenced in yard, tons of extra storage, metal roof, over a half of an acre, a creek in the front of the property, and only 20 minutes to Knoxville or Sevierville! Enjoy the space, storage, and convenance you have been looking for. Buyer to verify all information, all information taken from tax records and sellers.

853 Whitaker Rd, New Market

$375,000

3 Beds ⋅ 3 Baths ⋅ 1,536 SqFt. ⋅ 1358720 MLS ⋅ ACTIVE Status

LOCATION! Just 5 minutes to the interstate! This beautiful 2025-built home offers 3 bedrooms, 3 bathrooms, a 2-car garage, and over half an acre with a fully fenced yard! Step inside to a bright and airy interior with an open kitchen that flows beautifully into the main living area, creating a welcoming space for everyday living and entertaining. Natural light fills the home, giving it a fresh, open feel throughout. Outside, the spacious fenced yard offers plenty of room for pets, play, or simply enjoying the outdoors. Conveniently located in New Market with easy access to Knoxville, Jefferson City, and Sevierville. Move-in ready with a great layout, plenty of outdoor space, and an unbeatable location!

416 McGuire Rd, New Market

$430,000

3 Beds ⋅ 1 Baths ⋅ 2,164 SqFt. ⋅ 1358619 MLS ⋅ ACTIVE Status

Private, beautiful farmhouse with 3 beds, bonus room and so much potential!! Sitting on 6.08 acres as a mini farm or option to subdivide to d build or sell. This lot offers so much land to create your dream homestead. Goats and Chickens can be purchased with the home. The land is fenced in ready for your livestock! New Updates include: New HVAC in 2022, new floors 7 years ago, kitchen and bathroom remodel less than 10 years ago. Endless possibilities to use the detached workshop and barn with the additional living space with a bathroom! In-Law suite or massive office space, possibilities are yours! *Please note some photos have been edited with AI to remove items to show what the home would look like empty*

219 Rhodes Rd, New Market

$375,000

3 Beds ⋅ 3 Baths ⋅ 1,508 SqFt. ⋅ 3618904 MLS ⋅ ACTIVE Status

416 Mcguire Rd, New Market

$274,500

3 Beds ⋅ 2 Baths ⋅ 1,512 SqFt. ⋅ 1358156 MLS ⋅ ACTIVE Status

Spacious 3-Bedroom, 2-Bath Manufactured Home on an Extra-Large Lot in Newmarket Welcome home to this spacious 3-bedroom, 2-full-bath manufactured home offering 1,512 square feet of comfortable living space in beautiful Newmarket. Situated on an extra-large lot with mature trees, this property offers plenty of room, privacy, and a peaceful setting. The home features a large kitchen with plenty of cabinet space, making meal preparation and entertaining a breeze. The comfortable living room offers a cozy gas fireplace, creating a warm and inviting atmosphere for relaxing with family and friends. Enjoy the convenience of an easy commute to Knoxville, approximately 15-20 minutes away, while Sevierville is about 20 minutes and Gatlinburg and the Great Smoky Mountains are within approximately 30 minutes. If you're looking for space, convenience, and a peaceful setting without being far from the area's major destinations, this Newmarket property is definitely worth a look!

237 Mountain Meadows Drive, New Market

$320,000

3 Beds ⋅ 2 Baths ⋅ 1,200 SqFt. ⋅ 1357472 MLS ⋅ ACTIVE Status

Welcome to a beautifully maintained 2023 home set on 1.02 private acres at the quiet end of a cul-de-sac, where mountain views and everyday convenience come together. This nearly new residence offers the rare mix of privacy and location. The acreage provides a peaceful setting and a private outdoor area for relaxing, while the cul-de-sac placement means less traffic and plenty of parking. Inside, the home is being sold with all kitchen appliances, including a new refrigerator, so you can move in and start living right away. You are close to shopping, dining, and highly regarded schools, with Cherokee Lake and Carson-Newman College nearby. The Smoky Mountains and Knoxville are an easy drive when you want a change of scenery. Well kept, thoughtfully situated, and ready for its next owner, this is a rare chance to own a newer home with space, views, and a location that works for both daily life and weekend escapes.

416 Southern Red Oak Drive, New Market

$439,000

3 Beds ⋅ 3 Baths ⋅ 2,470 SqFt. ⋅ 3591705 MLS ⋅ ACTIVE Status

Tucked away in the quiet countryside of New Market, this 3-bedroom, 3-bath home offers 2,720 square feet of thoughtfully designed living space on a 0.63-acre lot. Cathedral ceilings, abundant natural light, hardwood flooring, updated appliances, a main-level bedroom, loft, bonus room, and an unfinished basement provide the space and flexibility today's buyers are looking for. Enjoy two decks, a two-car attached garage with an additional garage below, and a peaceful setting that offers the slower pace of country living without sacrificing convenience. Just a short drive to Sevierville's shopping, dining, and attractions, and approximately 35 minutes from downtown Knoxville, this home offers the best of both worlds.

3135 Blueberry Dr, New Market

$244,900

3 Beds ⋅ 2 Baths ⋅ 2,016 SqFt. ⋅ 1355095 MLS ⋅ ACTIVE Status

Set against a peaceful country backdrop, this *three-bedroom*, two-bathroom manufactured home offers 2,016 square feet of flexible living space and plenty of potential. The generous layout can support busy households, overnight guests, remote work, hobbies, or storage, while the interior provides a blank slate for selecting finishes, colors, and improvements that reflect your style. Exterior updates include a new roof, new water line, and new rear deck. A covered front porch adds a welcoming spot for morning coffee, and the private backyard leaves room for gardening, recreation, gatherings, or future projects--because every good country home deserves a little elbow room. Nearby New Market City Park and Cherokee Dam Park and Swimming Beach provide options for fresh air and outdoor fun. Bring your ideas, walk the property, and schedule your private showing today. *Possible 5 bedroom home, but septic is only permitted for 3 bedrooms*

1742 Kivett Drive, New Market

$265,000

3 Beds ⋅ 2 Baths ⋅ 1,539 SqFt. ⋅ 3527076 MLS ⋅ ACTIVE UNDER CONTRACT Status

Welcome to this charming 3-bedroom, 2-bathroom home in beautiful New Market, TN! Situated on just under an acre of level land, this property offers plenty of space to enjoy the outdoors while providing comfortable living space inside. Fresh paint and new flooring create a clean, inviting feel throughout the home, while the spacious kitchen opens to the dining area, making everyday living and entertaining a breeze. Recent updates include a new roof, HVAC system, and all-new siding, along with a new front door and storm door. Both bathrooms have been refreshed with new double vanities, adding a modern touch and plenty of storage. A new French door leading to the back porch brings in natural light and provides easy access to the outdoor living space. Step outside and enjoy the expansive level yard, offering plenty of room for outdoor activities, gardening, pets, or simply enjoying the peaceful country setting. The back deck is an ideal spot for morning coffee, summer gatherings, or relaxing at the end of the day. With nearly an acre to enjoy, there is plenty of room to make the outdoor space your own. Conveniently located just a short drive from the amenities of Sevierville and Knoxville, this home offers the perfect blend of updated features, comfortable living, and peaceful country living. Don't miss your opportunity to make this New Market property your own!

522 Farm Loop Rd, New Market

$278,000

2 Beds ⋅ 2 Baths ⋅ 806 SqFt. ⋅ 1353183 MLS ⋅ ACTIVE Status

Charming & Recently Updated Near Cherokee Lake! Conveniently located just off Highway 92 on Fielden Store Road in New Market, this recently updated home offers comfortable living with easy access toward Cherokee Dam and the surrounding East Tennessee countryside. With just under 1,000 square feet of finished living space, the home features a practical layout with updated finishes and plenty of natural charm. The unfinished basement provides valuable additional space for storage, a workshop, or future possibilities. Whether you're looking for a first home, a weekend getaway, or an investment opportunity, this property offers an excellent combination of location, updates, and potential. Enjoy the peaceful setting while still being conveniently located near Highway 92, Cherokee Lake, and the amenities of Jefferson County and surrounding areas. Don't miss the opportunity to make this move in ready home your own! Original Hardwood Floors have been sanded and refinished, roof was replaced summer of 2025, new HVAC, hall bathroom completely renovated, master en-suite and walk in closet has been added on, new refrigerator and range and all new paint!

1302 Fielden Store Rd, New Market

$430,000

3 Beds ⋅ 3 Baths ⋅ 1,864 SqFt. ⋅ 3512680 MLS ⋅ ACTIVE Status

Bright and Spacious Craftsman Style home on over 2 beautiful country acres! Only minimal restrictions found; no junkyards, inoperable vehicles, or mobile homes on the property. The large yard could be perfect for building an outbuilding, shop, chicken coop, shed, Carport for your RV, etc because it is nice and level! If you love gardening, even better! Build a greenhouse or install those raised beds and create a life you've been dreaming about. From the yard you can come in the home using the side deck right into the laundry room without bringing dirt through the house. The home has a split floor plan so the primary bedroom and bath is on the laundry room side of the home, the kitchen with large island, dining room, and living room are in the center, and 2 bedrooms with a full bath in the middle of them are on the other side of the house. In the hall outside the laundry room, you'll find a half bath, a butlers area, a pantry, utility closet and the entrance to the garage. From the dining area you can go out to the rear deck and enjoy the lovely countryside views. There is plenty of storage in this house. This is the perfect home for one level living. Check it out today as this could be your new forever home!

707 W Old A J Hwy, New Market

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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 .

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.

New Market Homes under $500,000

Newest New Market Homes under $500,000

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