Tempe Homes under $500,000

Welcome to Tempe, Arizona—a vibrant city that perfectly blends a rich cultural heritage with modern conveniences. Nestled in Maricopa County and just a stone's throw away from Phoenix, Tempe is renowned for its picturesque landscapes, bustling downtown, and a youthful energy fueled by Arizona State University. Whether you’re strolling along the beautiful shores of Tempe Town Lake, exploring the eclectic shops and eateries in Mill Avenue District, or enjoying a sunny day at one of the city’s many parks, Tempe offers an inviting atmosphere for everyone.

For homebuyers seeking affordability without compromising on quality, Tempe boasts a variety of charming residences under $500,000. From cozy single-family homes to contemporary townhouses, you’ll find a diverse selection that caters to different lifestyles and preferences. Many of these homes feature modern amenities, spacious layouts, and delightful outdoor spaces, perfect for entertaining or enjoying the warm Arizona evenings.

Living in Tempe means you’re not just buying a home; you’re investing in a lifestyle. With its excellent schools, robust job market, and a plethora of recreational activities, it’s no wonder that Tempe is a sought-after destination for families, young professionals, and retirees alike. Discover your dream home in this dynamic city where every day feels like a new adventure. Let us help you find the perfect place to call your own in Tempe, where affordability meets charm and community spirit thrives!

Newest Tempe Homes under $500,000

$497,000

3 Beds ⋅ 3 Baths ⋅ 7096183 MLS

Located in the established Warner Ranch community in Tempe, this well-maintained 3-bedroom, 2-bath home offers a spacious floor plan with vaulted ceilings, large windows, and abundant natural light. Recent improvements include fresh interior and exterior paint, new carpet, and easy-to-maintain flooring throughout. The roof was replaced in 2017, followed by a new HVAC system in 2023. The main living areas feel open and inviting, with plenty of flexibility for everyday living and entertaining. Upstairs, a large deck overlooks the community green space and pool, providing a peaceful setting to enjoy the outdoors. The low-maintenance backyard features a covered patio and room to relax without extensive upkeep. Complete with a 2-car garage and mature landscaping, this move-in ready home offers a comfortable layout, thoughtful updates, and convenient access to the amenities of Warner Ranch.

79 E Calle De Arcos --, Tempe

$399,000

2 Beds ⋅ 2 Baths ⋅ 7095831 MLS

Discover this charming Tempe home featuring unique architectural details, soaring vaulted ceilings and a versatile floor plan with two spacious primary suites--one on the main level and another upstairs, each with its own private full bathroom. A separate downstairs office with an adjoining bathroom offers additional flexibility. The inviting living and dining areas showcase dramatic ceilings, beautiful plank-style flooring, and updated fixtures throughout. Step through the gated front entry into a private courtyard patio or relax on the second patio out back with no neighbors directly behind. Enjoy the community amenities including a heated pool & spa, pickleball and tennis courts. Washer and dryer are included! Tucked away on a quiet cul-de-sac street in a fantastic Tempe location, this home is within walking distance of neighborhood restaurants, grocery shopping, coffee shops, and happy hour spots. Enjoy easy access to ASU, Downtown Tempe, Tempe Marketplace, Chandler Fashion Center and Whole Foods. A wonderful combination of character, comfort, convenience, and location!

1915 E Calle De Arcos --, Tempe

$349,900

2 Beds ⋅ 2 Baths ⋅ 7095682 MLS

Discover this fantastic 2 bedroom with den, single story townhome in highly desired Tempe. This spacious home with a newer AC features an open layout with extended living space into your own private courtyard. New LVP flooring in the bedrooms makes this home carpet free with neutral tile in the living areas. You'll enjoy the extra large primary bedroom with a sitting area and expansive bath/closet area. The front bedroom is also roomy and light filled. And as an added bonus, the home features a den that can be used for an office, entertainment or a guest room. You'll delight at the granite countertops in the well centered kitchen with easy access to the dining room. The large great room rounds out the space with plenty of room to enjoy entertaining or just relaxing. Community is centrally located in Tempe with a Target and Fry's on the corner and abundant shopping nearby. Community is very convenient to the 60 and 101 for easy access around the valley.

1721 E Ellis Drive, Tempe

$174,000

3 Beds ⋅ 3 Baths ⋅ 7095659 MLS

BEST location in Tempe! Beautiful 3bed., 2.5 bath house with spacious porch great for entertaining. Remodeled master bathroom with double sink and a large walk-in closet. New roof, New flooring, New doors throughout. Woodshed has new roof size 12 by 8 and one half and 7 and half feet high has electricity and lights. Could be a tv room. Helps block sun provides shade. Second shed 7 by 10 feet.. Large heated community pool, dog park, fire pit, workout room & Clubhouse. A few miles from Tempe market place and close to 101!

2727 E University Drive Unit 5, Tempe

$200,000

2 Beds ⋅ 2 Baths ⋅ 7095595 MLS

Don't miss this fantastic opportunity to own a desirable first-floor condo just minutes from Arizona State University! This well-designed split floor plan offers two spacious bedrooms, each with a walk-in closet, and two full bathrooms, providing comfort and privacy. The kitchen features beautiful maple cabinetry, granite countertops, tile backsplash, and all appliances included. A separate laundry room with washer and dryer adds convenience, while the covered patio with additional storage provides the perfect space to relax. The HOA includes water, sewer, and trash services, making for easy, low-maintenance living. Enjoy fantastic community amenities, including two sparkling pools, a relaxing hot tub, clubhouse, BBQ areas, mailroom, and community laundry facilities. Ideally located near ASU, US-60, Sky Harbor International Airport, bus routes, light rail, shopping, dining, and entertainment. Whether you're looking for a primary residence, a second home, or an investment opportunity, this condo offers an unbeatable combination of location, convenience, and value!

200 E Southern Avenue Unit 125, Tempe

$59,999

3 Beds ⋅ 2 Baths ⋅ 7095583 MLS

Discover the charm of this spacious 3-bedroom, 2-bath mobile home in a peaceful adult community! With three bedrooms, there's plenty of room for guests and privacy. The home features warm-toned walls, large windows for natural light, a welcoming family room, and an enclosed Arizona room perfect for entertaining. Enjoy both a breakfast nook and formal dining area. The kitchen offers ample cabinet space, a pantry, and easy-care laminate countertops. A 2-car carport adds convenience. Ideally located near freeways, the airport, and major shopping centers. Community amenities include a clubhouse, recreation center, pool, spa, and more. Enjoy comfortable living with convenience at your doorstep!

2609 W Southern Avenue Unit 417, Tempe

$475,000

4 Beds ⋅ 2 Baths ⋅ 7095550 MLS

Renovated and move-in ready, this South Tempe home offers a pool for less than homes without one. The new kitchen features quartz counters, subway tile backsplash, stainless steel appliances and a peninsula with sink and breakfast bar that keeps everyone connected to the conversation. Be the first to enjoy the feel soft new carpet between your toes, and the fresh look of brand-new luxury vinyl flooring. Make the large yard your go-to gathering place, with a covered patio, separate seating areas and room to relax, play and entertain year-round. The seller's change of plans is your opportunity to skip the renovations and start enjoying a home you're proud to own. Unpack, invite friends and family, and enjoy your home and the pool from day one.

2012 E Cornell Drive, Tempe

$448,000

3 Beds ⋅ 2 Baths ⋅ 7095354 MLS

Attention, Run don't walk to this new opportunity & put your own design tastes in this very spacious home that is just 3.5 miles away from ASU Campus. Solar panels are owned. It shouldn't last long!

4891 S Roosevelt Street, Tempe

$428,999

3 Beds ⋅ 2 Baths ⋅ 7095294 MLS

Welcome home to this inviting property in a convenient Tempe location! Enjoy easy access to major freeways, shopping centers, like Arizona Mills Mall, dining, entertainment, ASU campus, and nearby parks, making everyday living and commuting a breeze. Featuring 3 bedrooms and 2 bathrooms, this home offers a comfortable layout with inviting living spaces and a welcoming atmosphere. Step outside to enjoy your private swimming pool and covered patio, perfect for hosting gatherings, relaxing on warm Arizona evenings, or making the most of sunny days. With NO HOA, convenient parking, and a desirable location close to everyday amenities, this property offers the perfect opportunity to enjoy the Arizona lifestyle. Don't miss your chance to make this Tempe home your own!

911 W Colgate Drive, Tempe

$365,000

3 Beds ⋅ 2 Baths ⋅ 7095133 MLS

Step back into the charm of 1965 at 223 E. Geneva Drive in Tempe, where a clean, largely original home offers a refreshing opportunity to appreciate the past while imagining the future. Bright living and dining spaces, a neutral palette, and tile flooring create a welcoming backdrop for everyday living. Large windows bring in natural light, highlighting the home's simple character and inviting you to make it your own.The kitchen tells its own story, with vintage wood cabinetry, white tile countertops, a built-in wall oven, and a breakfast peninsula connecting the cooking and dining areas. Original-style bathroom finishes continue the home's nostalgic appeal, while comfortable bedrooms offer space to unwind. Whether your vision celebrates its retro personality or introduces thoughtful updates over time, this home provides an appealing starting point for your next chapter.Outside, a generous covered patio opens to a backyard with green lawn, mature trees, a fruit-bearing citrus tree, and a decorative fountain. Picture quiet mornings in the shade, relaxed outdoor meals, and evenings spent enjoying your own outdoor retreat. An attached garage and dedicated laundry area add practical convenience, rounding out a property with vintage character, inviting outdoor living, and plenty of room for your personal touch.

223 E Geneva Drive, Tempe

$415,000

3 Beds ⋅ 2 Baths ⋅ 7095054 MLS

Your dream investment or personal project awaits in this prime Tempe location! This 3-bedroom, 2-bathroom listing has just hit the market, offering unbeatable proximity to Arizona State University (ASU) and the vibrant Tempe Town Lake district. Perfectly positioned for students, professionals, or savvy investors, this property blends a highly desirable location with incredible potential. This home is the ultimate canvas for your personal style. With a bit of TLC, fresh paint, and new flooring, you will be able to transform this property into your personalized haven or a high-demand rental asset in the heart of Tempe!

1328 W 10th Place, Tempe

$315,000

2 Beds ⋅ 2 Baths ⋅ 7094888 MLS

Discover exceptional value in the heart of Tempe! This updated, move-in-ready 2BR/2BA offers a modern feel and unbeatable convenience just minutes from ASU, major freeways, shopping, dining, and entertainment. Fresh paint, brand-new luxury vinyl plank flooring, and a stylish kitchen featuring quartz countertops, light oak cabinetry, stainless steel appliances, and an oversized island create a welcoming, contemporary space. The unique open-concept layout, private staircase, and personal front patio set this unit apart, offering added privacy and a more home-like feel. An excellent opportunity for ALL buyers including, but not limited to: ASU students and parents or investors seeking a property with promising short-term rental potential. Enjoy the Tempe lifestyle at an attractive value!

1245 W 1st Street Unit 219, Tempe

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Tempe Homes under $500,000

Newest Tempe Homes under $500,000

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