Tempe Homes under $500,000

Welcome to Tempe, Arizona—a vibrant city that perfectly blends the charm of a close-knit community with the energy of a bustling urban environment. Nestled in Maricopa County, Tempe is renowned for its picturesque landscapes, rich cultural heritage, and a plethora of recreational opportunities. Home to Arizona State University, the city boasts a youthful spirit, fostering innovation and creativity while maintaining a welcoming atmosphere for families and individuals alike.

One of the most appealing aspects of Tempe is its diverse range of housing options, particularly for those seeking homes under $500,000. Whether you're a first-time buyer, a growing family, or looking for a cozy place to retire, Tempe offers a variety of charming residences that cater to different lifestyles and budgets. From quaint single-family homes to modern townhouses, the real estate market here is brimming with possibilities.

Imagine living just minutes away from the stunning Tempe Town Lake, where you can enjoy kayaking, paddleboarding, or simply taking a leisurely stroll along the scenic pathways. The city is also home to a vibrant arts scene, with galleries, theaters, and local events that showcase the talents of its residents. With easy access to major highways and public transportation, commuting to nearby cities is a breeze, making Tempe an ideal location for both work and play.

In Tempe, you’ll find more than just a house; you’ll discover a welcoming community filled with warmth, excitement, and endless opportunities. Explore the homes available under $500,000 and take the first step toward making this dynamic city your new home!

Newest Tempe Homes under $500,000

2089 E Greenway Drive, Tempe $465,000

Welcome to the heart of Tempe! Perfectly positioned just minutes from major freeway access, downtown Tempe, and ASU, this charming 3-bedroom, 2-bathroom home offers unbea...

3 Beds
2 Baths
7105214 MLS
1,548 SqFt.

60 E Calle De Arcos --, Tempe $425,000

A rare opportunity in desirable south Tempe's Warner Ranch. Walk to Postino, Ghost Ranch, and award-winning Kyrene and Tempe Union district schools. This original owner g...

3 Beds
2 Baths
7104981 MLS
1,794 SqFt.

7118 S La Rosa Drive, Tempe $389,000

NO HOA! Popular Tempe neighborhood. This lot is on the Ken McDonald Golf Course. The home sq. ft. includes an Arizona Room with 400 sq. ft. and its own fireplace, air ...

3 Beds
2 Baths
7104637 MLS
2,104 SqFt.

2402 E 5th Street Unit 1529, Tempe image

2402 E 5th Street Unit 1529, Tempe $350,000

Villagio is perfectly situated close to the 101, 202, and the pulse of downtown Tempe. Villagio is a cozy gated community with a warm and friendly atmosphere, boasting sp...

2 Beds
3 Baths
7104437 MLS
1,100 SqFt.

1055 W 5th Street Unit 19, Tempe $275,000

Welcome to this beautifully remodeled Tempe condo! This inviting 2-bedroom, 1.5-bathroom home features modern upgrades throughout, including new flooring, carpet, fresh ...

2 Beds
2 Baths
7104385 MLS
984 SqFt.

6507 S Kenneth Place Unit C, Tempe image

6507 S Kenneth Place Unit C, Tempe $259,900

Beautifully renovated and move-in ready, this single-level Tempe townhome offers modern finishes, low-maintenance living, and exceptional value. Extensive updates include...

2 Beds
1 Baths
7104291 MLS
858 SqFt.

2401 W Southern Avenue Unit 136, Tempe image

2401 W Southern Avenue Unit 136, Tempe $39,900

Turn-key ALL ELECTRIC 1-bedroom,1-bathroom ground-set 2008 Cavco,premium corner lot with highly desirable north-south exposure.Extended porch featuring durable composite ...

1 Beds
1 Baths
7104098 MLS
700 SqFt.

1905 E University Drive Unit 251, Tempe image

1905 E University Drive Unit 251, Tempe $275,000

Prime Tempe location meets effortless living in this bright second-floor end unit with vaulted ceilings and complete privacy overhead. Inside, discover a crisp, modern ae...

2 Beds
2 Baths
7103924 MLS
1,140 SqFt.

425 W Rio Salado Parkway Unit 101, Tempe image

425 W Rio Salado Parkway Unit 101, Tempe $479,900

Welcome to Tempe--where lifestyle meets location.This LAKEFRONT condo serves up an open, airy layout with tall ceilings, clean tile flooring, crown molding, and a vibe th...

2 Beds
2 Baths
7103851 MLS
1,048 SqFt.

5422 S College Avenue, Tempe $445,000

Location, convenience and no HOA in Tempe! Less than 4 miles from ASU and within walking distance to Kiwanis Park, local restaurants and businesses, this 3 bed, 2 bath ho...

3 Beds
2 Baths
7103829 MLS
1,645 SqFt.

5616 S Roosevelt Street, Tempe $350,000

Great Townhome in an Amazing Tempe Location!! Minutes from the 60 Fwy, between the 10 and the 101. Kiwanis Park, Ken McDonald Golf Course and South Mountain Park nearby! ...

3 Beds
2 Baths
7103770 MLS
1,426 SqFt.

2106 S Pine Street, Tempe $399,000

Beautifully updated and full of character, this 3-bedroom, 2-bathroom Tempe townhome offers a thoughtfully designed living space with NO HOA! Centrally located near ASU, ...

3 Beds
2 Baths
7103509 MLS
1,052 SqFt.