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, thriving arts scene, and breathtaking natural beauty, Knoxville is the perfect place for families, young professionals, and retirees alike. With a diverse range of activities and attractions, from the stunning Great Smoky Mountains National Park to the lively downtown area filled with shops, restaurants, and cultural venues, Knoxville truly has something for everyone.

For those seeking a new home in this enchanting region, you’ll be pleased to discover an array of options under $500,000. Knoxville’s real estate market offers a variety of charming single-family homes, cozy townhouses, and modern condos that cater to different lifestyles and preferences. Whether you’re looking for a historic property with character or a contemporary space with all the latest amenities, you can find it here without breaking the bank.

Families will appreciate the excellent school systems and numerous parks, while outdoor enthusiasts will revel in the abundance of recreational opportunities, including hiking, biking, and fishing. The city’s friendly atmosphere and strong sense of community make it easy to feel at home.

Don’t miss out on the chance to explore Knoxville’s unique neighborhoods and find your dream home. With properties available at an affordable price point, now is the perfect time to invest in a slice of this beautiful Tennessee city. Embrace the Knoxville lifestyle and discover why so many are proud to call this charming city their home!

Newest Knoxville Homes under $500,000

$425,000

4 Beds ⋅ 3 Baths ⋅ 313967 MLS ⋅ ACTIVE Status

Family home in the heart of West Knoxville! This spacious property offers an inviting open floor plan with abundant natural light, hardwood floors, and a cozy fireplace. The kitchen features granite countertops, stainless appliances, and a breakfast nook overlooking the private backyard. The primary suite includes a large walk-in closet and updated bath. Enjoy outdoor living on the deck surrounded by mature trees. Convenient to schools, shopping, and dining with easy access to I-40 and Pellissippi Pkwy. Move-in ready and a must-see!

1520 Hightop Trail, Knoxville

$474,999

5 Beds ⋅ 3 Baths ⋅ 313959 MLS ⋅ ACTIVE Status

Awesome 5-bedroom home in EXCELLENT location- with a view of the HOLSTON RIVER! Move in ready with fully-fenced, flat backyard and a new(er) storage shed to convey! Granite countertops, guest bedroom on the main level, four bedrooms upstairs PLUS a bonus loft (with a closet)! This expansive floorplan allows for a large family or a smaller family with room to grow! Home is less than 5 years old, LOW monthly HOA that includes pool and river access, and NO CITY TAXES!! Only MINUES to UT Hospital, downtown, Alcoa Highway, and I-40. Don't wait! Schedule to see this move-in ready property TODAY!!

4777 Willow Bluff Circle, Knoxville

$309,900

3 Beds ⋅ 2 Baths ⋅ 313911 MLS ⋅ ACTIVE Status

Tri-level home with a lot of possibility and large rooms that offer plenty of space to spread out! Upon entry into the foyer with flagstone flooring, is the ground floor with a huge family room with carpet, a half a bath that has the plumbing in the wall to add a shower, a large closet, and entry into the garage. Up the stairs to the next level are the living, kitchen, and dining rooms featuring vaulted ceilings and original real hardwood floors. Off the dining room is a lovely 10 x 11 studio sunroom, great for relaxing or indoor gardening. As you make your way up to the third level, you will find 3 bedrooms and a full bath also with real hardwood flooring. This is a solid home with a newer HVAC system as of 2024, roof updated in 2015 so it should have plenty of life left, built on .61 acres, with the opportunity to make it your own.

200 Highland View Drive, Knoxville

$269,999

2 Beds ⋅ 2 Baths ⋅ 313806 MLS ⋅ ACTIVE Status

Enjoy this ready to move in, one-level, maintenance-free condo! This move-in-ready home has an open floor plan and split bedrooms. You'll also enjoy worry-free manicured lawn care and exterior maintenance with this beautiful 2 bedroom, 2 bath home with an attached garage. You will enjoy the quiet and peaceful neighborhood. Great location close to shopping, interstate, etc but quietly tucked away so you will not even realize how close you are.

221 Timbercreek Way, Knoxville

$149,900

3 Beds ⋅ 2 Baths ⋅ 313740 MLS ⋅ ACTIVE Status

Completely remodeled and move-in ready in the heart of Halls! This beautifully renovated 3-bedroom, 2-bath home has been completely remodeled down to the studs, offering the peace of mind of an extensively updated home with modern finishes throughout. Updates include new electrical, a brand-new mini-split heating and cooling system, and much more. Public water and sewer. Fiber internet and very low county taxes! Situated on approximately 0.18 acres in a convenient Halls location, this home offers easy access to shopping, restaurants, schools, and major roadways. Whether you're looking for your next home or a great investment property, this versatile property is ready for its next owner. Don't miss the opportunity to own a fully renovated home in a highly convenient location!

3618 Rothmoor Drive, Knoxville

$399,000

3 Beds ⋅ 2 Baths ⋅ 313660 MLS ⋅ ACTIVE Status

Discover your next home on one acre along Washington Pike in Knoxville! The main residence offers just over 1,400 sq. ft. of updated living space, featuring 3 bedrooms, 2 full baths, and an inviting and large open living room great for game night, move nights at home and more. The additional unit is smaller and on the back of the property measuring more than 700 sq. ft. This unit is perfect for a home art studio, private home office, media/entertainment area and so much more. Both homes have been recently renovated. Situated on a full acre (+/-), you'll have room to garden, relax, or entertain, all while being convenient to shopping, dining, and downtown Knoxville. Whether you're looking for a multi-generational living setup, investment opportunity, or space to spread out, this unique property checks all the boxes.

6617 Washington Pike, Knoxville

$224,500

1 Beds ⋅ 1 Baths ⋅ 313181 MLS ⋅ ACTIVE Status

Motivated Seller -- Bring Your Offer! This unique Knoxville home offers the perfect mix of location, views, and low-maintenance living just minutes from the University of Tennessee and Downtown Knoxville. Perched on a hill, the home features beautiful city views, soaring cathedral ceilings, abundant natural light, and hardwood floors throughout. Start your mornings on the second-story deck and unwind in the evenings on one of two additional porches. Community amenities include lawn care, a gazebo, fire pit, and gardens, making upkeep easy. All appliances convey, including the stacked washer and dryer. Convenient, full of character, and ready for its next owner -- schedule your showing today!

2508 Orchard House Way, Knoxville

$374,900

3 Beds ⋅ 2 Baths ⋅ 313039 MLS ⋅ ACTIVE Status

Welcome home to this basement ranch offering 1,800 +/- square feet of comfortable living space, perfectly situated on a generous 0.36-acre lot in Knoxville. The thoughtful design maximizes both space and functionality, creating a welcoming environment that is ready to become your next home. With three bedrooms and two full bathrooms, your home provides ample room for relaxation and daily life. The home features a basement level that adds valuable flexibility and extra storage, ideal for adapting to your personal needs. Outside, the spacious 0.36-acre lot offers plenty of room for outdoor enjoyment, whether you're looking to garden, entertain, or simply relax in your own private space. You'll also enjoy the benefits of a new HVAC (May 2026), new roof (Oct 2024), new water heater (2023) and various other updates. Conveniently located in Knoxville and within quick walking distance to West Haven Recreational Center, this property provides you with the ease of every day necessities and combines the charm of a classic rancher with the practical benefits of recent updates and a generous homesite. We invite you to schedule a tour and experience the potential of this inviting home for yourself.

3604 Sisk Road, Knoxville

2101 W Governor John Sevier Highway, Knoxville

$499,000

3 Beds ⋅ 3 Baths ⋅ 312962 MLS ⋅ ACTIVE Status

SELLER BOUGHT ANOTHER HOME CLOSE TO FAMILY AND IS MOTIVATED ABOUT NOT OWNING 2 HOUSES THROUGH THE WINTER. PRIVATE, PEACEFUL & PERFECTLY LOCATED! Enjoy the best of East Tennessee living with this private retreat on over 3 acres, conveniently located just minutes from Knoxville, Maryville, Alcoa, the University of Tennessee, UT Medical Center, shopping, dining, and the breathtaking Great Smoky Mountains. This spacious home features 3 bedrooms and 2 full baths on the main level, along with a large kitchen complete with pantry, a formal living room, and an extra-wide hallway leading to the primary suite and two generously sized guest bedrooms. The finished lower level offers a complete second living quarters, featuring a full kitchen, comfortable den, full bath, and two additional versatile rooms with closets--ideal for guests, extended family, a home office, or hobby space. Additional highlights include: Large 2-car garage with dual automatic openers, Two genuine wood-burning fireplaces, Recently installed dual-fuel HVAC system, New gutters with gutter guards, All new plumbing for the spectacular 18x36 in-ground swimming pool, along with updated pool equipment. Step outside and enjoy the peaceful setting with abundant wildlife, seasonal mountain views, and plenty of room to roam. A 20x16 barn provides excellent storage for equipment, tools, or outdoor toys. The seller is including all major kitchen appliances, and the washer and dryer are negotiable. If you're looking for privacy, space, and convenience in one exceptional property, this home is a must-see. Schedule your private showing today!

2101 W Governor John Sevier Highway, Knoxville

$479,900

4 Beds ⋅ 3 Baths ⋅ 312758 MLS ⋅ ACTIVE Status

*This home has an accepted contract pending a home sale contingency with a 24 hour First Right of Refusal* Welcome Home! This lovely two-story brick home encompasses over 3,000- square- foot of living space and is in one of Halls most loved neighborhoods! With four bedrooms and two-and-a-half bathrooms spread across two levels, the floor plan offers an incredible amount of space for living and entertaining. The main level provides a well-designed layout perfect for entertaining and comfortable living. While the upper-level houses all 4 spacious bedrooms, a designated laundry room and a full bathroom. The Primary bedroom not only enables you to marry a sitting and sleeping area seamlessly but also provides ample room in the ensuite and walk-in closet! Step outside into the fully fenced backyard-an ideal blank canvas for creating a private outdoor oasis, gardening, or a safe play area. Peace of mind comes built-in with a roof that is only two years old, a solid foundation and the classic curb appeal of timeless brick construction. While the home is priced to reflect the need for TLC, it offers endless potential to restore its former glory and build significant equity. Bring your design ideas, color swatches, and flooring samples to transform this structurally sound gem into your dream home!

7648 Saddlebrooke Drive, Knoxville

$329,500

3 Beds ⋅ 3 Baths ⋅ 312735 MLS ⋅ ACTIVE Status

Located in the desirable Glennbrooke Subdivision, this beautifully updated 3-bedroom, 2.5-bath home offers a quiet setting with the convenience of shopping, dining, and everyday essentials just minutes away. With no HOA and public utilities, you'll enjoy both freedom and convenience in one of Powell's most sought-after locations. Inside, you'll find a beautifully renovated kitchen with granite countertops, updated flooring throughout the main level, and a brand-new HVAC system installed in 2024, making this home truly move-in ready. The functional floor plan is complemented by a spacious 1-car garage and a large backyard with a private setting, creating the perfect spot to enjoy your morning coffee or unwind after a long day. The location continues to shine with the nearby Belltown development, featuring local favorites like Soccer Taco, Abridged Beer Company, and The Sugar Queen Creamery, with even more restaurants, shops, and entertainment on the way. This is a wonderful opportunity to own a beautifully updated home in one of Powell's most convenient and growing areas.

3709 Holgate Lane, Powell

$375,000

3 Beds ⋅ 2 Baths ⋅ 312515 MLS ⋅ ACTIVE Status

'MOTIVATED SELLERS' Rare opportunity in the heart of Powell! Approximately 20 unrestricted acres featuring a 3-bedroom, 1.5-bath home with partial renovations already underway. This versatile property offers endless potential for developers, investors, or buyers looking to build their dream home while utilizing the existing residence as a rental, guest house, or temporary living space during construction. With ample acreage, privacy, and development potential, this property is ideal for subdivision possibilities, multi-home sites, investment opportunities, or a private estate. Existing home provides a solid starting point with renovation progress already completed, allowing the next owner to add their finishing touches. Conveniently located near shopping, dining, and interstate access while still offering the space and flexibility of country living. Opportunities like this in Powell are hard to find!

1209 E Bullrun Valley, Powell

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