No Homes under $500,000

No Homes under $500,000

Welcome to the charming and vibrant neighborhoods of Tennessee, where your dream home awaits! Nestled in the heart of this picturesque state, you'll find a delightful array of homes, all priced under $500,000, making it the perfect destination for first-time buyers, families, and anyone looking for an affordable slice of Southern living.

Tennessee boasts a rich tapestry of communities, each with its own unique character and charm. Whether you’re drawn to the bustling energy of Nashville, the serene landscapes of the Smoky Mountains, or the historic allure of Memphis, there’s something for everyone. Homes in this price range often feature modern amenities, spacious layouts, and beautiful outdoor spaces, ideal for enjoying the warm Tennessee sunshine.

In addition to the stunning homes, residents of Tennessee enjoy a wealth of recreational activities, from hiking and fishing in breathtaking state parks to exploring vibrant downtown areas filled with music, art, and delicious Southern cuisine. Families will appreciate the excellent school districts and community events that foster a strong sense of belonging.

With a diverse selection of homes under $500,000, you can find a property that perfectly suits your lifestyle and budget. Whether you’re looking for a cozy cottage, a charming bungalow, or a contemporary family home, Tennessee’s real estate market offers a variety of options that won’t break the bank.

Come explore the beauty and warmth of Tennessee—your new home is just around the corner! Let us help you navigate this exciting journey and find the perfect place to call your own.

Newest No Homes under $500,000

810 W Main St, Waverly
$229,000
3 Beds ⋅ 3 Baths ⋅ 3519247 MLS ⋅ ACTIVE Status ⋅ 0.87 Acres ⋅ 37185 Zip Code
MOVE-IN READY BRICK HOME + GUEST HOUSE | WAVERLY, TN Property is being sold in “AS IS” condition Great opportunity in a convenient Waverly location! Situated on Main Street, this property offers a move-in-ready brick home along with a separate brick guest house, providing plenty of flexibility for extended family, rental income, or investment potential. The main home offers approximately 1,508 sq. ft. with 2 bedrooms and 1.5 bathrooms. Inside, you’ll find a spacious living room, den, and dining room, giving you multiple areas for relaxing and entertaining. The home also features a metal roof, a fenced-in side yard, and two storage buildings. Even better, all appliances remain, including the refrigerator, oven, microwave, dishwasher, washer, and dryer, making this home ready for its next owner. A major bonus to this property is the separate 875 sq. ft. brick guest house featuring 1 bedroom and 1 bathroom, a full kitchen, metal roof, and its own washer and dryer. The guest house also offers carport parking and additional carport storage. This space could make an excellent private residence for a family member, guest quarters, or potentially be rented to generate additional monthly income. Conveniently located on Main Street in Waverly, the property is close to local businesses, shopping, and dining while offering the benefit of being outside the flood zone. The home is move-in ready as it sits, while also offering plenty of potential for a buyer who wants to make updates and improvements over time. Whether you’re looking for a primary residence with separate living quarters or a property with investment and rental potential, this one offers several possibilities.

810 W Main St, Waverly

136 Holly Drive, Spring City
$159,000
3 Beds ⋅ 2 Baths ⋅ 3513238 MLS ⋅ ACTIVE Status ⋅ 5.03 Acres ⋅ 37381 Zip Code
Peacefulness 'Private'', ''Relaxation'' and ''Beautiful''... are just not enough to describe this exquisite paradise. Step into another world full of wildlife and nature. This 5.03 acres of NO RESTRICTIONS gorgeous wilderness will surely impress. This acreage is NO Restrictions meaning it is a blank canvas for your creation! Smoky Mountain and Cumberland Mountain Seasonal views are here! With some very light clearing you can open up Plenty of more build sites! This home boasts a wood burning stove to keep you warm on those chilly nights! Detached Barn/ Workshop is perfect storage for all those fun recreational toys or maybe a full time mechanic shop on your very own property! This property has the very unique blend of privacy, seclusion, and remoteness yet very accessible and usable land. Idyllic perfect location for single or multi generational family living, homesteading, off grid living, prepping, hunting, mini farm, AIR BNB, or campground income producing opportunities. Fiber optic Internet at the road. Watts Bar Lake in Spring City TN only an easy scenic 25 minutes drive, 1 hour to Chattanooga, 1 hour to Knoxville, 2 hours and 20 minutes to Nashville. Stinging Fork State waterfall Park down the rd, tons of ATV and side by side trails and horseback riding nearby. There is no better location for an AIR BNB. People will come from all over the US to have a chance to stay here. 3 parcels come with the sale of the property. The 3 lots equal the 5.03 acres. Look in the photos for the parcel ID # and plat maps. Call today for a private side by side tour!

136 Holly Drive, Spring City

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.