Raleigh Homes under $500,000

Raleigh Homes under $500,000

Welcome to Raleigh, North Carolina – a vibrant city that perfectly blends southern charm with modern amenities. As the state capital and part of the renowned Research Triangle, Raleigh is known for its rich history, thriving job market, and a strong sense of community. Whether you're drawn to its picturesque parks, renowned museums, or a culinary scene that showcases both traditional southern fare and innovative dining experiences, Raleigh has something for everyone.

For homebuyers seeking a slice of this dynamic city without breaking the bank, you’ll be delighted to discover an array of charming homes available for under $500,000. This budget-friendly market offers a diverse selection of properties, from cozy bungalows and classic ranch-style homes to modern townhouses and new construction. Families, young professionals, and retirees alike will find neighborhoods that cater to their lifestyle, with amenities such as top-rated schools, recreational facilities, and easy access to local shopping and dining.

Living in Raleigh means embracing a lifestyle filled with outdoor adventures, cultural events, and friendly neighbors. With a bustling downtown, beautiful green spaces like Pullen Park and William B. Umstead State Park, and numerous festivals throughout the year, there’s never a shortage of things to do. Plus, with a robust job market driven by technology, education, and healthcare, Raleigh is an ideal place to invest in your future.

Explore the charming homes under $500,000 in Raleigh and discover your perfect sanctuary in this enchanting city. Your dream home awaits!

Newest Raleigh Homes under $500,000

246 Crown Oaks Dr, Raleigh
$424,900
4 Beds ⋅ 3 Baths ⋅ 100614560 MLS ⋅ ACTIVE Status ⋅ 1,801 SqFt. ⋅ 1982 Year Built
Welcome home to the inviting 4-bedroom, 2.5 bath split-level home in desirable North Raleigh! Offering a versatile floor plan and wonderful outdoor living space, this home is ready for the next owners. The spacious Back Yard is a standout feature, complete with NEW 6 ft. Privacy Fence and TWO access gates. The back yard also has an oversized Work Shop! Gather with friends and family on the back deck along with a lower Patio for Outdoor Grilling and enjoying an outdoor Fire! New roof and Updated HVAC in 2022, plus a Newly Encapsulated Crawl Space! The lower level provides additional flexibility with a bedroom/home office and 1/2 bathroom, in addition to the family room for additional living! With 4 bedrooms, flexible living arrangements and an inviting private outdoor setting, this North Raleigh home offers comfort, convenience, and plenty of potential!

246 Crown Oaks Dr, Raleigh
6605 Walnut Cove Dr, Raleigh
$450,000
4 Beds ⋅ 3 Baths ⋅ 100609260 MLS ⋅ ACTIVE Status ⋅ 2,875 SqFt. ⋅ 1991 Year Built
Priced to sell as is and allow you to bring your own ideas and jump on this larger square footage home with great bones! You can do your own renovations or I can help you with obtaining a FHA 203k Renovation or VA renovation mortgage allowing you to get the work done before you close. The home sits on a sprawling 3/4 acre lot in a well established sought after community. The location provides City of Raleigh convenience with being able to retreat to that Small Town Charm as it is positioned on the South-Southeast side of Raleigh right at the Garner border. You will have the opportunity to customize this home exactly to your taste as I have a contractor on standby waiting for you to choose colors. The estimates in hand total $60k, to convert the garage back which has been used as semi conditioned storage space. Estimate also includes installing luxury vinyl tile flooring, full interior painting, replacing all interior doors and hardware, replacing cabinets and cabinet hardware, installing new modern countertops, rebuilding a newly designed deck. Make this home fit your family's taste. Just add the estimate to the current list price and get your loan approved for the total. All work can be completed from start to finish within 3 weeks and you could get in a basically brand new home before the holidays! Set up your private tour today!

6605 Walnut Cove Dr, Raleigh
8407 Wycombe Ln, Raleigh
$319,900
2 Beds ⋅ 2 Baths ⋅ 100607097 MLS ⋅ ACTIVE Status ⋅ 1,233 SqFt. ⋅ 1985 Year Built
Prime North Raleigh location! This charming 2-bedroom, 2-bath townhome in desirable Wycombe Manor features a NEW ROOF IN 2024! Beautiful solid Southern Red Oak hardwood flooring flows throughout the home. Spacious vaulted Great Room features a cozy fireplace and opens to the dining area. Kitchen offers granite counters, stainless steel appliances, elegant tile backsplash, and pantry. Spacious owner's retreat features a large walk-in closet, while the second bedroom offers hardwood flooring and a nice-sized closet. Enjoy outdoor living on the rear deck with durable TREX decking, plus convenient attached storage. Situated on a corner lot, this home offers easy living with wonderful community amenities. HOA includes access to a large community pool with two diving boards, lifeguards, snack shack, and waterslide, as well as tennis courts and clubhouse. Conveniently located within walking distance to shopping, restaurants, and everyday conveniences! Don't miss this one!

8407 Wycombe Ln, Raleigh
149 Prospect Ave, Raleigh
$375,000
2 Baths ⋅ 100604161 MLS ⋅ ACTIVE Status ⋅ 1,085 SqFt. ⋅ 1968 Year Built
Amazing views of downtown Raleigh from this lot in Caraleigh Mills! Investors and Developers, this is the one!! With a cemetary across the street, no other homes can go up to impede the amazing view a home has from this lot of downtown Raleigh. Current home can be rehabbed, but with larger homes selling in the neighborhood and right beside it, it's time to take advantage of all this lot has to offer. Current home is habitable, but the value is in the lot.

149 Prospect Ave, Raleigh
2111 Milburnie Rd, Raleigh
$429,900
3 Beds ⋅ 2 Baths ⋅ 100603845 MLS ⋅ ACTIVE Status ⋅ 1,325 SqFt. ⋅ 1949 Year Built
Beautifully updated, and full of character, this inviting Raleigh ranch is the kind of home that feels special the moment you walk through the door. Gleaming original hardwood floors, fresh neutral paint, abundant natural light, and thoughtful updates create a warm and welcoming atmosphere throughout. The spacious living area opens naturally to the updated kitchen, featuring crisp white cabinetry, granite countertops, stainless steel appliances, and plenty of room to gather with family and friends. Comfortable bedrooms offer generous natural light and beautiful hardwood flooring, while the primary suite provides a private space to unwind. Outside, the fenced backyard offers a peaceful setting with mature trees and plenty of room for outdoor entertaining, gardening, or simply enjoying your own private retreat. With its blend of timeless character and modern updates, 2111 Milburnie offers a wonderful opportunity to enjoy a beautifully refreshed home in one of Raleigh's established neighborhoods.

2111 Milburnie Rd, Raleigh
10163 Bessborough Dr, Raleigh
$399,000
3 Beds ⋅ 3 Baths ⋅ 100601582 MLS ⋅ ACTIVE Status ⋅ 1,913 SqFt. ⋅ 2009 Year Built
Welcome to Mulberry Park in highly sought-after Brier Creek area! This beautifully situated end-unit townhome offers one of the largest corner lots in the community at approximately .06 acres, providing an exceptional amount of outdoor space and privacy. Best of all, this is a virtually maintenance-free lifestyle, allowing you to spend less time on exterior upkeep and more time enjoying your home and everything the Brier Creek area has to offer.The large screened-in back porch is a true highlight and the perfect place for morning coffee, entertaining friends, or simply relaxing and enjoying the fresh air. The porch overlooks the oversized corner and backyard, creating a wonderful outdoor extension of the home's living space.Inside, the thoughtfully designed floor plan offers the convenience of a first-floor primary suite, making everyday living easy and comfortable. The spacious kitchen features stainless steel appliances, including a gas range, a large island, and abundant cabinet space. The eat-in kitchen flows seamlessly into the family room, where a vaulted ceiling, cozy corner fireplace, and sliding glass doors create a warm and inviting gathering space. Those doors open directly to the expansive screened porch and beautiful yard.A versatile flex room at the front of the home offers endless possibilities and can serve as a dining room, living room, home office, music room, or whatever best suits your lifestyle. The main level also includes a convenient laundry room with washer and dryer and a half bath.Beautiful, recently refreshed carpeting leads upstairs to two additional bedrooms, a comfortable loft overlooking the family room, and a spacious bonus room. The bonus room is the perfect retreat for movie nights, hobbies, a quiet library, game room, or whatever your imagination can dream up. The loft provides yet another flexible gathering space while overlooking the dramatic family room below. Recent major improvements provide added peace of mind, including a tankless water heater installed in 2024 and a new heating and cooling system installed in 2025.Location is another tremendous advantage. Situated in the heart of Brier Creek, you'll enjoy easy access to major roadways including I-40, I-540, and US-70, making commuting to work, RDU International Airport, Research Triangle Park, Raleigh, Durham, and beyond remarkably convenient. Shopping, restaurants, entertainment, and recreation are all close by. Golf and entertainment are just minutes away, with TriGolf approximately 2 minutes away and Topgolf about 12 minutes away. With its desirable end-unit location, one of the community's largest corner lots, expansive screened-in porch, first-floor primary suite, flexible living spaces, virtually maintenance-free lifestyle, and significant recent updates, this Mulberry Park townhome offers the ideal combination of comfort, convenience, flexibility, and location. Come see why Brier Creek continues to be one of the area's most sought-after places to call home!

10163 Bessborough Dr, Raleigh
4621 Timbermill Ct Unit 304, Raleigh
$175,000
2 Beds ⋅ 2 Baths ⋅ 100601184 MLS ⋅ ACTIVE Status ⋅ 911 SqFt. ⋅ 1987 Year Built ⋅ Richland Run BLDG.
Top floor condo just waiting for your own personal touches! Make this condominium conveniently located to the Lenovo Center, Carter-Finley stadium, and so many restaurants and shopping that Raleigh has to offer! This home opens to a cozy Living room with a Gas log fireplace and sliding glass doors that lead to the covered balcony overlooking woods with plenty of privacy. The balcony also provides another access to the ground level and the units storage room. The primary bedroom is privately located with it's own bathroom. The second bedroom can also be opened to the Living room to use as an office or den if so desired and shares the 1/2 bath for guests as well. Check out this charming condo and be ready to bring your imagination to life!

4621 Timbermill Ct Unit 304, Raleigh
608 Marsh Grass Dr, Raleigh
$415,000
4 Beds ⋅ 3 Baths ⋅ 100595192 MLS ⋅ ACTIVE Status ⋅ 2,285 SqFt. ⋅ 1995 Year Built
Welcome to 608 Marsh Grass Dr, a beautifully updated 4-bedroom, 2.5-bath home offering stunning lake views in the desirable Village Lakes community. Step inside to an impressive two-story foyer, spacious living room with vaulted ceilings, and an open-concept kitchen featuring marble countertops and backsplash. Enjoy peaceful water views from the breakfast area or relax on the back deck overlooking the lake. The spacious primary suite features vaulted ceilings, walk-in closets, dual vanities, soaking tub and walk-in shower. Community amenities include a pool, tennis courts and playground, with convenient access to I-440, I-540 and US-64. A beautiful combination of style, space and waterfront living!

608 Marsh Grass Dr, Raleigh
6015 Kayton St, Raleigh
$379,900
3 Beds ⋅ 3 Baths ⋅ 100594733 MLS ⋅ ACTIVE Status ⋅ 1,771 SqFt. ⋅ 2019 Year Built
SPACE and CONVENIENCE come together at 6015 Kayton Street in the sought-after 5401 North Community in Raleigh. This 3-bedroom, 3.5-bath townhome offers 1,771 square feet of bright, open-concept living where the kitchen, dining, and living areas flow together seamlessly -- the perfect setup for both relaxed everyday living and easy entertaining. Upstairs, you'll find not one but two private en-suite bedrooms, each with its own full bath and walk-in closet -- ideal for hosting guests, a roommate arrangement, or a dedicated home office suite. A convenient main-floor half bath, thoughtful storage throughout, and an attached single-car rear-entry garage make the most of every square foot. Life at 5401 North means resort-style amenities right outside your door: a community pool, fitness center, clubhouse, dog park, and jogging trails, plus direct access to the Raleigh Greenway. With I-540 just minutes away and shopping, dining, and local favorites like HeyDay Brewing nearby, everything you need is within easy reach. Open-concept space where you want it, unbeatable convenience where you need it -- schedule your showing today!

6015 Kayton St, Raleigh
4700 Blue Bird Ct Unit B, Raleigh
$184,900
2 Beds ⋅ 2 Baths ⋅ 100581662 MLS ⋅ ACTIVE Status ⋅ 1,059 SqFt. ⋅ 1968 Year Built ⋅ Not In Subdivision BLDG.
Welcome to 4700 Bluebird Court, Unit B, located in the established Dutch Village community of Raleigh. This well-maintained 2-bedroom, 1.5-bath condominium offers comfortable living spaces and a functional two-story floor plan. The main level features a spacious living area, dining space, kitchen, and convenient half bath. Upstairs, you'll find two generously sized bedrooms and a full bath, providing flexibility for everyday living, guests, or a home office. Enjoy your own private outdoor patio area, ideal for relaxing, gardening, or enjoying your morning coffee. Residents of Dutch Village enjoy access to community amenities, including a pool, clubhouse, and maintained common areas. Conveniently located near NC State University, Meredith College, I-440, the NC Museum of Art, the State Fairgrounds, shopping, dining, and downtown Raleigh, this home offers easy access

4700 Blue Bird Ct Unit B, Raleigh
2547 Crescent Forest Dr, Raleigh
$338,000
4 Beds ⋅ 3 Baths ⋅ 100569431 MLS ⋅ ACTIVE Status ⋅ 2,219 SqFt. ⋅ 2006 Year Built
Welcome home to this well-maintained four-bedroom residence featuring an open, functional layout designed for everyday living and effortless entertaining. The spacious family room, anchored by a cozy fireplace, flows seamlessly into the dining room and updated kitchen--creating a warm and inviting main living space. The kitchen showcases granite countertops, a large center island with seating, and ample workspace--perfect for casual meals, gatherings, or homework time. The design offers excellent sightlines between the kitchen, dining room, and family room, enhancing both functionality and connection. Upstairs, you'll find four generously sized bedrooms, offering flexibility for guests, a home office, or additional living space. A two-car garage provides everyday convenience and extra storage. Step outside to enjoy the backyard--ideal for relaxing or entertaining. Conveniently located, this home is truly a must-see! Listing Agent is related to the Manager/Member of the Seller LLC. Seller financing available--contact agent for terms.

2547 Crescent Forest Dr, Raleigh
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