Homes for sale under $500k in Memphis, TN

2,225 homes

Sort:

Price (high to low)

ABOUT THIS HOME
Homes for sale under $500k in Memphis, TN
Highly motivated and realistic Sellers just reduced AGAIN. .. now is your time to get this Classic Mid-Century Modern on almost 1/2 acre with irrigation system that is ALL ON ONE LEVEL (2540sf) on a quiet, dead-end street. Updated/Renovated in the past (2007). 4 BR, 2.5 Baths All on One Level w/ large Rooms + Hardwoods and Smooth Ceilings! Rare 28x22 Hearth Room/Kitchen w/ views of nature’s wonder thru Wall of Windows! Kitchen w/ 27 Cabinets (many w/ roll-outs), 13 Drawers, Desk, Island w/ Breakfast Bar! Primary Suite w/ access to 27x20 Deck plus bath is updated w/ oversized Walk-In Shower & raised vanity! GATED Dbl Carport with extra parking + Garage w/ Storm Shelter! All Windo

$475,000

4 beds2.5 baths— sq ft

845 Reddoch St, Memphis, TN 38120

Mid-century modern • 27 cabinets • Hearth room

ABOUT THIS HOME
Homes for sale under $500k in Memphis, TN
Luxury without the premium price tag! Gated, secure Princeton Grove Cv, East Memphis. Custom built in 2006, 4-bed/3-bath w/ bonus room; guest bedroom suite down. Prime spot mins from I-240, top schools, parks, dining & shopping—15 mins to Downtown or Germantown. Updated w/ new paint in & out, refinished floors downstairs, hardwood floors & new carpet up, plus LED lighting. Spacious primary suite (16x14) boasts a luxe bathroom w/ dual closets, double vanity, walk-in shower w/ double heads & travertine tile. Enjoy 9-ft smooth ceilings, large windows for tons of light, gas fireplace, new fixtures & fans. Gourmet eat-in kitchen w/ island, SS appliances, gas

$475,000

4 beds3 baths— sq ft

4931 Princeton Grove Cv, Memphis, TN 38117

Gated community • Double vanity • New led lighting

ABOUT THIS HOME
Homes for sale under $500k in Memphis, TN
Custom built home in Logan's Run Subdivision just under 6000sf with good living spaces plus space for entertaining~ Bonus and Media room~ Beautiful hardwoods in Formal Living, Dining room and Great room~ The Eat-in kitchen has a gas cooktop, double oven and cozy breakfast area. Enjoy the sitting room off the Primary Bedroom ~All 5 bedrooms have their own private access to a bathroom~ Smooth ceilings~ County taxes only!

$475,000

5 beds6 baths— sq ft

5178 Autumn Morning Cv, Memphis, TN 38125

Bonus and media room • Cozy breakfast area • Gas stove

ABOUT THIS HOME
Homes for sale under $500k in Memphis, TN
Beautiful craftsman home in Central Gardens. Inviting front porch, 3 bedrooms, 2.5 bathrooms, bonus room on 3rd floor. Gorgeous hardwood floors, 10’ ceilings, garage, gated driveway, deck & tiled patio in backyard. Living room with fireplace & unique staircase, spacious sunlit dining room, renovated kitchen with breakfast room. Huge primary bedroom has a walk-in closet & bathroom with double vanity & separate shower & tub. Zoned to Idewild Elementary.

$475,000

3 beds2.5 baths— sq ft

1642 Linden Ave, Memphis, TN 38104

10 ceilings • Craftsman home • Front porch

VIDEO TOUR

ABOUT THIS HOME
Homes for sale under $500k in Memphis, TN
Great Flex space perfect for art/music studio or office/den with private roof top deck! This home offers a quiet and gated garden row patio entrance and a large 2 car garage. This Award winning Archimania designed community is 6 years young and offers 11 and 10’ ceilings. Open room concept with plenty of natural light. Polished concrete floor living area with custom kitchen ceiling-height cabinets offering ample storage and half bath. Hardwoods continue to generously sized bedrooms. Primary with oversized shower, fabulous/spacious walk-in closet and private yoga area. 2nd BR with private bathroom. The huge flex space with bathroom & closet leads to East facing private roof

$474,900

3 beds3 baths— sq ft

467 Frontline Cv, Memphis, TN 38103

Half bath • Large garage • 11 and 10 ceilings

Property at 844 Harbor Isle Cir E, Memphis, TN 38103, 3 beds, 3 baths

$470,000

3 beds3 baths— sq ft

844 Harbor Isle Cir E, Memphis, TN 38103

Property at 5481 Valleybrook Cv, Memphis, TN 38120, 5 beds, 4 baths

$469,999

5 beds4 baths— sq ft

5481 Valleybrook Cv, Memphis, TN 38120

Property at 5154 Royston Ln, Memphis, TN 38125, 5 beds, 4 baths

$469,900

5 beds4 baths— sq ft

5154 Royston Ln, Memphis, TN 38125

Property at 99 Riverwalk Pl, Memphis, TN 38103, 4 beds, 2.5 baths

$465,000

4 beds2.5 baths— sq ft

99 Riverwalk Pl, Memphis, TN 38103

Property at 1093 Island Mist Cir, Memphis, TN 38103, 4 beds, 3.5 baths

$465,000

4 beds3.5 baths— sq ft

1093 Island Mist Cir, Memphis, TN 38103

Property at 2357 Thornwood Ln, Memphis, TN 38119, 4 beds, 2.5 baths

$465,000

4 beds2.5 baths— sq ft

2357 Thornwood Ln, Memphis, TN 38119

Property at 468 Kingsgate Cv, Memphis, TN 38117, 3 beds, 2.5 baths

$464,900

3 beds2.5 baths— sq ft

468 Kingsgate Cv, Memphis, TN 38117

Property at 1272 Anise Cv, Cordova, TN 38016, 5 beds, 3.5 baths

$464,000

5 beds3.5 baths— sq ft

1272 Anise Cv, Cordova, TN 38016

Property at 339 Marianna St, Memphis, TN 38111, 4 beds, 3 baths

$460,000

4 beds3 baths— sq ft

339 Marianna St, Memphis, TN 38111

Property at 4419 Sequoia Rd, Memphis, TN 38117, 3 beds, 2 baths

$460,000

3 beds2 baths— sq ft

4419 Sequoia Rd, Memphis, TN 38117

Property at 245 W Edwin Cir, Memphis, TN 38104, 6 beds, 3 baths

$459,000

6 beds3 baths— sq ft

245 W Edwin Cir, Memphis, TN 38104

Property at 5483 Brantford Rd, Memphis, TN 38120, 3 beds, 2 baths

$459,000

3 beds2 baths— sq ft

5483 Brantford Rd, Memphis, TN 38120

Property at 928 Harbor View Dr, Memphis, TN 38103, 3 beds, 2.5 baths

$459,000

3 beds2.5 baths— sq ft

928 Harbor View Dr, Memphis, TN 38103

Property at 56 S Sanga Rd, Cordova, TN 38018, 5 beds, 2.5 baths

$459,000

5 beds2.5 baths— sq ft

56 S Sanga Rd, Cordova, TN 38018

Property at 1631 Harbert Ave, Memphis, TN 38104, 3 beds, 2.5 baths

$458,000

3 beds2.5 baths— sq ft

1631 Harbert Ave, Memphis, TN 38104

Property at 9144 Valley Grove Ln, Southaven, MS 38672, 4 beds, 3.5 baths

$458,000

4 beds3.5 baths3,428 sq ft

9144 Valley Grove Ln, Southaven, MS 38672

Property at 4042 Goodlett Cv, Memphis, TN 38111, 3 beds, 3 baths

$455,000

3 beds3 baths— sq ft

4042 Goodlett Cv, Memphis, TN 38111

Property at 176 Harbor Village Dr, Memphis, TN 38103, 3 beds, 3 baths

$454,500

3 beds3 baths— sq ft

176 Harbor Village Dr, Memphis, TN 38103

Property at 1994 Massey Rd, Memphis, TN 38119, 4 beds, 3.5 baths

$450,000

4 beds3.5 baths— sq ft

1994 Massey Rd, Memphis, TN 38119

Property at 247 S Greer St, Memphis, TN 38111, 4 beds, 2.5 baths

$450,000

4 beds2.5 baths— sq ft

247 S Greer St, Memphis, TN 38111

Property at 5285 Normandy Rd, Memphis, TN 38120, 3 beds, 2 baths

$450,000

3 beds2 baths— sq ft

5285 Normandy Rd, Memphis, TN 38120

Property at 910 Park Valley Dr, Memphis, TN 38119, 4 beds, 3.5 baths

$450,000

4 beds3.5 baths— sq ft

910 Park Valley Dr, Memphis, TN 38119

Property at 3076 Dee Ann Dr, Memphis, TN 38119, 4 beds, 3.5 baths

$450,000

4 beds3.5 baths— sq ft

3076 Dee Ann Dr, Memphis, TN 38119

Property at 321 Shady Woods Cv, Memphis, TN 38120, 4 beds, 2.5 baths

$450,000

4 beds2.5 baths— sq ft

321 Shady Woods Cv, Memphis, TN 38120

Property at 65 E Pontotoc Ave #303, Memphis, TN 38103, 2 beds, 2.5 baths

$450,000

2 beds2.5 baths— sq ft

65 E Pontotoc Ave #303, Memphis, TN 38103

Property at 1017 Island Park Cir, Memphis, TN 38103, 3 beds, 3 baths

$449,999

3 beds3 baths— sq ft

1017 Island Park Cir, Memphis, TN 38103

Property at 364 Clawson Cv, Memphis, TN 38117, 4 beds, 3 baths

$449,900

4 beds3 baths— sq ft

364 Clawson Cv, Memphis, TN 38117

Property at 225 N Avalon St, Memphis, TN 38112, 4 beds, 2.5 baths

$449,900

4 beds2.5 baths— sq ft

225 N Avalon St, Memphis, TN 38112

Property at 6684 Ashbridge Cv, Memphis, TN 38120, 4 beds, 2 baths

$449,900

4 beds2 baths— sq ft

6684 Ashbridge Cv, Memphis, TN 38120

Property at 22 Summer Grove Rd S, Cordova, TN 38018, 5 beds, 3.5 baths

$449,900

5 beds3.5 baths— sq ft

22 Summer Grove Rd S, Cordova, TN 38018

Property at 724 Center Dr, Memphis, TN 38112, 5 beds, 3 baths

$449,000

5 beds3 baths— sq ft

724 Center Dr, Memphis, TN 38112

Property at 2342 Massey Rd, Memphis, TN 38119, 5 beds, 3 baths

$449,000

5 beds3 baths— sq ft

2342 Massey Rd, Memphis, TN 38119

Property at 4300 Amber Ln, Memphis, TN 38111, 4 beds, 2.5 baths

$449,000

4 beds2.5 baths— sq ft

4300 Amber Ln, Memphis, TN 38111

Property at 107 Madison Ave #401, Memphis, TN 38103, 3 beds, 2.5 baths

$449,000

3 beds2.5 baths— sq ft

107 Madison Ave #401, Memphis, TN 38103

Property at 262 Wagner Pl #402, Memphis, TN 38103, 2 beds, 2 baths

$449,000

2 beds2 baths— sq ft

262 Wagner Pl #402, Memphis, TN 38103

Property at 1876 Cowden Ave, Memphis, TN 38104, 4 beds, 3 baths

$449,000

4 beds3 baths— sq ft

1876 Cowden Ave, Memphis, TN 38104

Viewing page 2 of 9

Homes for sale under $500k in Memphis

There are currently 2225 homes for sale under $500k in Memphis. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Memphis stay on the market for 77 days and receive 1 offers. Popular neighborhoods include Downtown Memphis, East Memphis, Midtown, Cordova, and Mud Island. This map is refreshed with the newest listings in Memphis every 15 minutes.

In the past month, 502 homes have been sold in Memphis. In addition to houses in Memphis, there were also 345 condos, 57 townhouses, and 104 multi-family units for sale in Memphis last month. Memphis is a minimally walkable city in Shelby County with a Walk Score of 35. Memphis is home to approximately 647,889 people and 401,774 jobs. Find your dream home in Memphis using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Memphis are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Memphis. Our Memphis real estate stats and trends will give you more information about home buying and selling trends in Memphis. If you're looking to sell your home in the Memphis area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Memphis with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

More real estate resources for Memphis, TN

More to explore in Memphis, TN

Featured
Price

How to buy a house in Memphis, TN

How much house can I afford?

How to buy a house in 10 steps

First-time homebuyer's guide

See more home buying guides

Popular Markets in Tennessee

Based on information submitted to the MLS GRID as of Tue Dec 02 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

Homes for sale under $500k in Memphis, TN

Homes for sale under $500k in Memphis

More real estate resources for Memphis, TN

Zip Codes

Neighborhoods

Nearby Cities

More to explore in Memphis, TN

How to buy a house in Memphis, TN

Popular Markets in Tennessee