N/A Homes under $500,000

N/A Homes under $500,000

Welcome to the enchanting neighborhoods of Tennessee, where your dream home awaits at an affordable price! If you’re searching for a place that combines charm, community, and incredible value, look no further. In this picturesque state, you can find beautiful homes priced under $500,000, making it easier than ever to invest in your future.

Tennessee is known for its friendly atmosphere, rich history, and vibrant culture. Whether you’re drawn to the bustling music scene of Nashville, the serene landscapes of the Smoky Mountains, or the historic charm of Memphis, there’s a perfect home for everyone. The diverse range of properties available means you can choose from cozy bungalows, modern family homes, or even spacious townhouses—all without breaking the bank.

Imagine enjoying your morning coffee on a charming porch, surrounded by friendly neighbors and scenic views. With homes under $500,000, you can create a sanctuary that reflects your personal style while enjoying the benefits of a thriving community. Many of these homes feature modern amenities, spacious yards, and easy access to local parks, schools, and shopping centers.

Tennessee’s real estate market is thriving, making it an excellent time to invest. Whether you’re a first-time buyer, a growing family, or looking to downsize, you’ll find a variety of options that cater to your needs. Embrace the opportunity to live in a state that offers both a vibrant lifestyle and affordability. Your perfect home in Tennessee is just a click away!

Newest N/A Homes under $500,000

106 Patrick Hill, Oliver Springs
$299,999
4 Beds ⋅ 2 Baths ⋅ 1356623 MLS
Welcome home to this beautiful 4-bedroom 2 bath split foyer home offering gorgeous mountain views and a peaceful country setting, conveniently located near wind rock riding trails with plenty of space inside and out this property is perfect for anyone looking to enjoy the outdoors. This home offers lots of parking and storage with an attached 2 car garage, detached two-car enclosed carport and two additional storage buildings-ideal for vehicles, ATVS, RV, outdoor equipment,, a workshop, or extra storage. One of the highlights is the large covered back deck, providing the perfect place to relax, entertain, or simply sit back and enjoy the surrounding scenery and country living. Mountain views, abundant garage and storage space, proximity to riding trails, and room to enjoy the outdoors, Make this property one you don't want to miss

106 Patrick Hill, Oliver Springs
153 Padgett Mill Rd, Cosby
$444,000
2 Beds ⋅ 2 Baths ⋅ 1350025 MLS
153 Padgett Mill Rd. | Cosby, TN Peaceful Mountain Living with Creek Access & Waterfall Views! Some homes simply feel like East Tennessee, and this is one of them. Built in 2002, this beautifully maintained 2-bedroom, 2-bath cabin offers 1,120 square feet of comfortable living space on 0.47 acres. Whether you're searching for your first home, a peaceful place to retire, or a weekend getaway in the Smokies, this property is ready for its next chapter. Step inside to find warm wood flooring, tile bathrooms, a cozy fireplace, and an open-concept kitchen and living area that's perfect for spending time with family and friends. Covered front and back porches invite you to slow down, enjoy the mountain air, and take in the beautiful surroundings. Outside you'll find a large fenced yard, a solar-powered storage building, and gorgeous mountain views. One of the property's most unique features is its access to a beautiful creek with views of a picturesque waterfall, offering the perfect place to relax, picnic, or simply enjoy the sounds of flowing water. Conveniently Located • Only 0.3 miles from Cosby School (K-12) • Just 10 minutes to Newport and Walmart • Approximately 25 minutes to Gatlinburg • County taxes only $851.98 (2025) If you've been looking for a move-in-ready home that offers the beauty of the Smoky Mountains while still being close to schools, shopping, and area attractions, this one deserves a spot at the top of your list. Call today to schedule your private showing and experience everything this charming Cosby cabin has to offer!

153 Padgett Mill Rd, Cosby
4705 Nebo Rd, Walland
$350,000
2 Beds ⋅ 1 Baths ⋅ 1347775 MLS
Nestled on approximately 6 beautiful UNRESTRICTED acres in the peaceful countryside of Walland, this charming one-bedroom home with a spacious loft offers the perfect blend of modern updates and country living. Whether you're searching for a full-time residence, weekend retreat, family compound, or investment opportunity, this property is move-in ready and full of character. Extensively renovated in 2021 and 2022, the home features a new roof, updated plumbing, updated electrical, New foam insulation, heating and air units, flooring, fresh paint, and numerous additional improvements, providing peace of mind for years to come. In 2026, a brand-new water line was installed from the road to the home, adding even more value and reliability. The inviting interior offers an open living space filled with natural light, a comfortable bedroom, and a versatile loft perfect for additional sleeping space, a home office, or recreation area. Outside, the six-acre setting provides endless possibilities, from homesteading, gardening, and recreation to creating your own mini farm or simply enjoying the privacy and mountain air. If you've been dreaming of a beautifully updated home with acreage, low utilities, and low taxes, in the heart of East Tennessee, this is an opportunity you won't want to miss. Owner/Agent

4705 Nebo Rd, Walland
822 Rose Hill Drive, Lafollette
$266,000
3 Beds ⋅ 2 Baths ⋅ 1346671 MLS
Welcome to 822 Rose Hill--where updated comfort, outdoor adventure, and exceptional space come together in 1,456sqft and on approximately 1.3 acres. This charming, updated home offers the rare combination of city convenience and the freedom of country-style living with all city utilities and natural gas service. Featuring three spacious bedrooms, two full bathrooms, plus an additional shower located in the workshop area, this property offers flexibility for everyday living, projects, guests, or recreation. Sitting on a massive lot roughly equivalent to seven city lots combined, this property provides incredible room to expand, create outdoor living spaces, establish gardens, build your dream entertaining area, homeschool with room to roam, or simply enjoy exploring nature right on your own property. The setting also offers potential for some of the most impressive views in the city, making every sunset feel special. Recent 2025 improvements include fresh interior paint, new floor coverings in select areas, and brand-new roofs installed on both the main home and detached storage building, offering peace of mind while preserving the character and warmth of the property. Relax on the covered front porch or retreat to the covered back deck--an ideal place to enjoy your morning coffee, soak in your private spa, or unwind while taking in evening sunsets. Inside, the desirable split-bedroom floor plan creates comfort and privacy, while the large basement offers outstanding flexibility for a workshop, hobby area, additional storage, fitness space, or future customization. Adding even more value is the detached 646± sq ft storage building with an additional covered 161± sq ft porch, providing abundant space for equipment, recreational gear, projects, storage, or workshop use. Location is where this property truly shines. Outdoor enthusiasts and investors alike will appreciate being less than 2 miles to Big Creek Ramp and Lonas Young Park Beach, approximately 5 miles to Bos Indian River Marina, approximately 7 miles to Cove Lake State Park, and less than 10 miles to Whitman Hollow Marina, Shanghai Resort, Sugar Hollow Marina, Springs Dock, and additional lake destinations. For recreation even closer to home, enjoy being approximately 1.5 miles from Tank Springs Trailhead with ATV access and approximately 1.5 miles from the walking trail and Dr. Lee J. Sargent Park. With its proximity to lake access, marinas, trails, ATV riding, parks, and outdoor recreation, this property could also present an outstanding opportunity as a primary residence, weekend retreat, long-term rental, or short-term rental investment (buyer to verify local regulations and intended use). Buyers exploring financing options may also appreciate potential eligibility for FHA, USDA, and VA financing (buyer qualification and lender approval apply). If you've been searching for updated living, room to grow, storage, recreation access, investment potential, and a property that offers both convenience and adventure--822 Rose Hill deserves your attention. Schedule your private showing today.

822 Rose Hill Drive, Lafollette
114 Balboa Circle, Oak Ridge
$385,000
4 Beds ⋅ 3 Baths ⋅ 1346325 MLS
Nestled on a peaceful wooded lot, this spacious mid-century modern home is ready to be completely reimagined to fit your vision. The property features a desirable open floor plan with large bedrooms, providing plenty of options for use of space. Outside, a brand-new deck overlooks the beautifully private backyard, making it the perfect spot for relaxing. Situated in a highly desirable neighborhood with a great location, this home combines a great setting with ultimate convenience.

114 Balboa Circle, Oak Ridge
113 Niagara Lane, Oak Ridge
$199,900
2 Beds ⋅ 1 Baths ⋅ 1328597 MLS
Tucked away on a quiet cul-de-sac in Oak Ridge, this charming home offers simplicity, comfort, and an easy connection to the outdoors. Set on a level .2-acre lot, the fenced yard provides space to relax, garden, or gather, with a deck and patio that extend living outdoors. Inside, the home features two bedrooms, a dedicated laundry room, and a practical layout that makes the most of its footprint. Recent plumbing updates add peace of mind, while all appliances convey for added convenience. A storage shed offers extra room for tools, hobbies, or weekend projects. Located within the Oak Ridge school district and just minutes from Melton Lake Marina, Haw Ridge trails, shopping, and daily essentials, this home blends a quiet setting with quick access to the places that make Oak Ridge special. This owner has had the home rented overnight and weekly and was earning up to $2300 per month.

113 Niagara Lane, Oak Ridge
280 Bone Cave Rd, Rock Island
$109,500
1 Beds ⋅ 1 Baths ⋅ 1327297 MLS
Motivated seller--bring your offer and make this one yours! Cozy and charming 1-bedroom, 1-bath home with a brand new deck situated on just over half an acre of unrestricted land with a beautiful view! Recently refreshed with new flooring, resealed roof, and fresh paint, this move-in-ready home offers peaceful surroundings and plenty of room to expand or make it your own. Conveniently located just minutes from Rock Island State Park, the Caney Fork River, Rocky River and other scenic outdoor destinations--perfect for nature lovers and adventure seekers. Ideal as a full-time residence, weekend retreat, or investment opportunity.

280 Bone Cave Rd, Rock Island
468 Rudd Rd, Townsend
$499,900
3 Beds ⋅ 1 Baths ⋅ 1304081 MLS

468 Rudd Rd, Townsend
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