Knoxville Homes under $500,000

Knoxville Homes under $500,000

Welcome to Knoxville, Tennessee—a vibrant city nestled in the heart of the Appalachian 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 population of over 190,000, this thriving city boasts a lively arts scene, delicious culinary options, and a warm, welcoming community.

One of the most exciting aspects of Knoxville is its affordability, particularly when it comes to real estate. If you’re searching for your dream home without breaking the bank, you’ll be delighted to discover a wide array of homes available for under $500,000. From charming historic bungalows in the Old City to contemporary family homes in suburban neighborhoods, there’s something for everyone.

Imagine settling into a cozy residence just minutes from the bustling Market Square, where you can enjoy local shops, farmers' markets, and live music events. Or perhaps you’d prefer a home with breathtaking views of the Great Smoky Mountains, perfect for weekend hikes and outdoor activities.

Knoxville also offers excellent schools, beautiful parks, and a strong sense of community, making it an ideal place for families and young professionals alike. With a growing job market and a range of recreational opportunities, it’s no wonder that so many are choosing to call Knoxville home. Explore the possibilities today and find your perfect abode in this enchanting city!

Newest Knoxville Homes under $500,000

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
7630 Luscombe Drive, Knoxville
$499,900
3 Beds ⋅ 3 Baths ⋅ 1357680 MLS
Set Beautifully into the Landscape and embracing New Beginnings, this Stunning Residence was transformed with a Total Makeover in the highly desirable West Knoxville, just 4 minutes from West Town Mall! Located on over half an acre in the established Kingston Woods subdivision, this Home is surrounded by natural beauty and features a White-painted Brick facade, offering a welcoming first impression. Inside you will find a Beautifully Reimagined Interior with 2,042 SF of Living Space, 4 BR's, 3 BA's and an Open Floor Plan graced by new Luxury Vinyl Flooring throughout. This Remarkable Home was Designed to preserve its Original Charm and Character while seamlessly embracing all of today's Modern Conveniences, ensuring that every Space and Detail is just Perfect. The Spacious Living Room with a beautiful Linear Fireplace opens to the Brand-New Kitchen featuring Custom Cabinets, SS Appliances and beautiful Quartz Countertops. Experience Ultimate Comfort in your own Primary Suite, conveniently located on the Main Level with a Spacious Closet and a brand-new Ensuite Bathroom. The Basement features a Recreational Room with access to the Private Backyard, an additional Bedroom and Full Bathroom, all finished to the same Quality Standards throughout. Step Outside and discover a Large Deck designed for Outdoor Sitting and Entertainment, surrounded by Perennial Landscaping and Mature Trees. Adding even more excitement to this incredible property, the Owner has just installed a Brand-New Pickleball Court, perfect for friendly competition and entertaining family and friends right in your own backyard! Truly a Rare Find, this Home is the Perfect Retreat to enjoy the Peaceful lifestyle of West Knoxville, all within minutes of shopping, dining, entertainment and everything this wonderful city has to offer. Won't Last Long!

7630 Luscombe Drive, Knoxville
7553 Chatham Circle, Knoxville
$259,900
2 Beds ⋅ 2 Baths ⋅ 1357667 MLS
No HOA dues, one-level living, and your own private outdoor space in West Knoxville. Priced well under recent comps, this updated 2-bedroom, 2-bathroom condo at 7553 Chatham Circle, Knoxville, TN 37909, offers 1,083 square feet in Chatham Village, just off Middlebrook Pike in the West Hills area. Inside, fresh paint throughout, like-new luxury vinyl plank flooring, and all-new light fixtures and ceiling fans give the home a clean, refreshed feel. The living room flows into a separate dining area, while the kitchen includes Whirlpool stainless steel appliances and a garbage disposal. All existing appliances convey. The primary bedroom features an ensuite bathroom, and the second full bathroom is conveniently located in the hall. Enjoy a private courtyard, a covered deck, and a privacy-fenced backyard accessible from the house or through an exterior gate. An attached one-car garage, dedicated driveway, and on-street parking at the unit add everyday convenience. The heat pump and air handler were replaced in 2023, and new vinyl siding, fascia, and soffits complete the recent improvements. Located in the Bearden High School zone, the home is approximately 15-20 minutes from the University of Tennessee, Knoxville campus, 10 minutes from West Town Mall, 20 minutes from downtown Knoxville, and 25 minutes from Turkey Creek, depending on traffic. Whether you are buying your first home, simplifying your next move, comparing ownership with college housing costs, or evaluating a buy-and-hold rental, this West Knoxville condo deserves a closer look. Buyers should verify applicable requirements for rental or roommate arrangements. Easy to show. Select photos are virtually staged; furnishings shown in those images are not included. Ask your agent about preferred lender incentives on this one.

7553 Chatham Circle, Knoxville
7352 Sun Blossom Lane Unit 180, Knoxville
$309,900
3 Beds ⋅ 3 Baths ⋅ 1357662 MLS
Enjoy the freedom of low-maintenance living with the space to spread out, unwind, and enjoy the amenities that make The Village at Strawberry Hills feel like home. The community offers two pools, a clubhouse, and a dog park, creating plenty of opportunities to relax, connect, and enjoy life beyond your front door. The Shiloh is thoughtfully designed to keep everyday living comfortable and convenient. The main level features an open kitchen with pantry that flows easily into the dining and living areas, making the space ideal for everything from quiet evenings at home to entertaining friends and family. A welcoming foyer, powder room, coat closet, attached one-car garage, and rear patio add function right where you need it. Inside, the Sable design package brings a timeless mix of classic finishes and rich, dark accents. Via Lactea granite countertops pair beautifully with Prowhite shaker cabinetry featuring black arched pulls, while warm wood-look flooring adds contrast and character. Chrome fixtures and satin nickel lighting provide just the right amount of brightness, creating a polished palette that feels both elegant and inviting. Upstairs, the primary suite provides a comfortable retreat with a walk-in closet and private bath. Two additional bedrooms share a full bath, while the centrally located laundry keeps daily routines simple and convenient. With open gathering spaces downstairs and bedrooms tucked privately upstairs, The Shiloh makes excellent use of every square foot. The HOA helps make ownership even easier by covering exterior maintenance and lawn care, giving you more time to enjoy the community, the amenities, and the lifestyle that comes with calling The Village at Strawberry Hills home. Visit the Model Home located at 7387 Sun Blossom Lane. *HOA Includes: Landscaping Maintenance, Termite service & exterior insect treatments, exterior pressure washing, dog park maintenance, amenity upkeep (i.e. pool, clubhouse, & shared areas), common area maintenance, insurance coverage of buildings, not including contents & interiors. Photos and renderings are for illustrative purposes only and may not depict the actual unit. Some images may be virtually staged. Property Taxes have not yet been assessed and are subject to change.

7352 Sun Blossom Lane Unit 180, Knoxville
7332 Sun Blossom Ln Lane Unit 171, Knoxville
$389,000
3 Beds ⋅ 3 Baths ⋅ 1357661 MLS
Enjoy the kind of low-maintenance lifestyle that leaves more time for the things you love at The Villages at Strawberry Hills, where two community pools, a clubhouse, and a dog park create a neighborhood designed for relaxing, connecting, and enjoying life close to home. The Bentley is a beautifully designed two-story townhome that pairs a spacious, functional floor plan with the bold, modern style of the Annapolis design package. A charming covered porch welcomes you into an impressive two-story foyer and a bright, open living and dining area filled with natural light. The Annapolis package gives the home a distinctive contemporary feel with Via Lactea granite countertops, Prowhite shaker cabinetry accented by black Stanton hardware, and a black farmhouse sink. Matte black fixtures and statement lighting continue the clean, sophisticated look, while warm flooring and plush carpet bring balance and comfort throughout the home. Patterned tile in the primary bath adds another layer of personality and style. The kitchen's large island and abundant cabinetry provide plenty of room for everyday meals and entertaining. Just off the kitchen, a convenient mudroom with laundry connects directly to the rare two-car garage, offering additional parking, storage, and everyday convenience. The main-level primary suite provides a private retreat with a spacious walk-in closet and en-suite bath. Upstairs, two additional bedrooms share a full bath, while a loft-style office nook creates flexible space for working from home, studying, or curling up with a good book. The open-to-below design overlooking the foyer adds architectural interest and enhances the home's airy feel. Built with durable Hardie siding, The Bentley offers easy, low-maintenance living. with an HOA that includes lawn maintenance, irrigation, exterior pest control, insurance on the building's exterior, and access to community amenities. Conveniently located just minutes from I-40, downtown Knoxville, shopping, dining, and everyday necessities, The Bentley with the Annapolis package offers a fresh take on townhome living--bold finishes, thoughtful spaces, great amenities, and a home you'll look forward to coming back to every day. Visit the Model Home located at 7387 Sun Blossom Lane **Photos and renderings are for illustrative purposes only and may not depict the actual unit. Some images may be virtually staged. Property Taxes have not yet been assessed and are subject to change.

7332 Sun Blossom Ln Lane Unit 171, Knoxville
9029 Fountain Brook Lane Unit 1, Knoxville
$230,000
2 Beds ⋅ 2 Baths ⋅ 1357652 MLS
Discover Andrew Place Townhomes--a tucked-away community off Middlebrook Pike near Cedar Bluff! Offered at $230,000. This two-level, 2-bedroom, 2-bath townhome at 9029 Fountain Brook Lane offers convenient access to restaurants, grocery stores, and the Ten Mile Creek Greenway. Nearby Honey Bear Cafe adds neighborhood charm with seasonal live music and community events Whether you're purchasing your first home, downsizing, or exploring an investment opportunity, take a closer look at Ready to Move-in Townhouse. Seller is leavinjg the kitchen appliances and washer & dryer. The a HVAC system was installed in 2023, new ceiling fans, a new back door with privacy glass and more.... Call the movers and make. the offfer. Potential FHA loan assumption opportunity! Buyers and buyer agents: Please review the FHA loan assumption information and disclaimer in the Documents section, then contact the listing agents with questions. An approved assumption could allow a buyer to finance a portion of the purchase price at the existing loan's interest rate, subject to verification, buyer qualification, and mortgage servicer approval. Interested buyers should consult their lender of choice regarding eligibility and financing options.

9029 Fountain Brook Lane Unit 1, Knoxville
426 Hiawassee Ave, Knoxville
$305,000
3 Beds ⋅ 1 Baths ⋅ 1357627 MLS
Historic character meets modern comfort in this beautifully updated North Knoxville 3 bed 1 bath home! Originally built in 1899, this home underwent an extensive renovation in 2019 while thoughtfully preserving the charm and character that make historic homes special. Major improvements include updated electrical and plumbing, HVAC, modern interior finishes, along with a roof approximately 8 years old. Inside, you'll find a stylish blend of old and new, with the warmth and personality of a historic home complemented by modern updates for today's lifestyle. Outside, enjoy a spacious, level .25 acre lot with a fenced back & front yard. Conveniently located just minutes from Downtown Knoxville, the University of Tennessee, restaurants, shopping, and interstate access, this home offers the character of an established Knoxville neighborhood with easy access to everything the city has to offer. This property is eligible for THDA great choice home loan with qualified buyer. Historic charm. Modern updates. A convenient Knoxville location. Welcome home to 426 Hiawassee Ave.

426 Hiawassee Ave, Knoxville
109 Cedar Ridge Rd, Knoxville
$279,000
2 Beds ⋅ 2 Baths ⋅ 1357612 MLS
Come see this updated two bedroom and two bathroom ranch home with over 1,000 square feet and more than half an acre. Located less than 20 minutes from downtown Knoxville and the University of Tennessee. Inside you'll find updated flooring, bathrooms, light fixtures, and a spacious kitchen and dining area. This home has updated windows and lots of natural light. Outside is a wonderful front porch with a newer deck as well. Call and schedule your tour today. Home to be sold as is.

109 Cedar Ridge Rd, Knoxville
3410 Feathers St, Knoxville
$248,000
2 Beds ⋅ 1 Baths ⋅ 1357608 MLS
Property Features: 2 bedrooms, 1 bathroom, and a 24x31 detached 2-car garage/workshop. Location Highlights: Located within a 1/4 mile of Baker Creek Preserve walking/bike trails and SoKno Taco, and just 2 miles from the restaurants and shops on Sevier Avenue.

3410 Feathers St, Knoxville
Start Your Search