Elon Homes under $400,000

Elon Homes under $400,000

Welcome to Elon, North Carolina—a charming town that beautifully blends small-town warmth with a vibrant community spirit. Nestled in the heart of Alamance County, Elon is renowned for its picturesque landscapes, friendly neighborhoods, and rich history. Home to Elon University, the town exudes a youthful energy, with an array of cultural events, local eateries, and outdoor activities that cater to all ages.

For those seeking a place to call home in this delightful town, you’ll be pleased to discover that Elon offers a variety of homes under $400,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, there’s something for everyone in this price range. From charming bungalows with character to modern townhomes featuring contemporary designs, the real estate market in Elon is both diverse and inviting.

Imagine enjoying a leisurely stroll through the picturesque streets lined with lush trees, or savoring local coffee at a quaint café. With convenient access to nearby amenities, including shopping centers, parks, and recreational facilities, life in Elon is both comfortable and convenient. The community is known for its excellent schools and a strong sense of belonging, making it an ideal location for families and professionals alike.

Explore the possibilities of living in Elon, where your dream home awaits at an affordable price. Discover the perfect blend of community, culture, and comfort—all while staying within budget. Embrace the Elon lifestyle and make it your own!

Newest Elon Homes under $400,000

100 Campus Walk Trail Unit #302, Elon
$198,000
3 Beds ⋅ 3 Baths ⋅ 1239488 MLS
Completely move-in ready! This prime 3rd-floor condo features stunning vaulted ceilings with skylights that flood the space with beautiful natural light. Perfect as an excellent investment opportunity or a student home, this 3-bedroom, 3-full-bath unit has fresh paint throughout and comes fully equipped with all appliances included. Enjoy ultimate convenience just minutes from Elon University with a stop directly on the campus shuttle route.

100 Campus Walk Trail Unit #302, Elon
100 Campus Walk Trl Unit 302, Elon
$198,000
3 Beds ⋅ 3 Baths ⋅ 10199222 MLS
Completely move-in ready! This prime 3rd-floor condo features stunning vaulted ceilings with skylights that flood the space with beautiful natural light. Perfect as an excellent investment opportunity or a student home, this 3-bedroom, 3-full-bath unit has fresh paint throughout and comes fully equipped with all appliances included. Enjoy ultimate convenience just minutes from Elon University with a stop directly on the campus shuttle route.

100 Campus Walk Trl Unit 302, Elon
208 Ashley Trace, Elon
$395,000
3 Beds ⋅ 3 Baths ⋅ 1238263 MLS
This traditional brick home sits on a 0.4-acre lot with mature landscaping, giving you space to enjoy the outdoors. Inside, hardwood floors bring warmth to the main living areas and downstairs is freshly painted throughout. A living room with a fireplace, dining room and a kitchen with granite countertops offer comfortable spaces for everyday life and gathering with guests. Upstairs, you'll find three bedrooms, including a spacious primary suite. The home also features two and a half baths and a two-car garage. Downstairs HVAC 2026, new kitchen appliances 2026, vinyl windows and roof 2020. Ashley Woods offers a neighborhood setting with no HOA, plus the option to join the community pool. Western School district. Convenient access to Elon, Gibsonville, Burlington and I-40/I-85. A one-year standard home warranty is offered plus seller is offering $5000 towards new carpet/refinishing hardwoods.

208 Ashley Trace, Elon
208 Ashley Trce, Elon
$395,000
3 Beds ⋅ 3 Baths ⋅ 10197190 MLS
Looking for more room to spread out without giving up the charm of an established neighborhood? 208 Ashley Trace in Elon is waiting for it's new owners. This traditional brick home sits on a 0.4-acre lot with mature landscaping, giving you space to garden, entertain, play, or simply enjoy the outdoors. Inside, hardwood floors bring warmth to the main living areas and downstairs is freshly painted throughout. A living room with a fireplace, a separate dining room and a kitchen with granite countertops offer comfortable spaces for everyday life and gathering with guests. Upstairs, you'll find three bedrooms, including the spacious primary suite. The home also features two and a half baths and a two-car garage. Downstairs HVAC 2026, new kitchen appliances 2026, vinyl windows and roof 2020. Ashley Woods offers a neighborhood setting with no HOA, plus the option to join the community pool. Western School district. With convenient access to Elon, Gibsonville, Burlington and I-40/I-85, this home pairs the space and character you've been looking for with a location that makes daily life easy. A one-year standard home warranty is also offered plus seller is offering $5000 towards new carpet or refinishing hardwoods.

208 Ashley Trce, Elon
2549 Ossipee Front Street, Elon
$215,000
3 Beds ⋅ 2 Baths ⋅ 1237701 MLS
2549 Ossipee Front St is a two-story Elon home with 1,577 square feet of living area, three bedrooms, and two bathrooms. The kitchen has cabinetry, an installed range and refrigerator, and counter space beside the dining area. Wood-look floors carry into the living space, where windows bring in natural light. The floor plan places one bedroom and a full bath on the main level, with two more bedrooms and another bath upstairs. A laundry area with an installed washer and dryer sits inside the home, and the rear yard provides space beyond the main living rooms. Included 100-Day Home Warranty with buyer activation

2549 Ossipee Front Street, Elon
302 Campus Walk Trl, Elon
$218,000
3 Beds ⋅ 3 Baths ⋅ 10195291 MLS
Welcome to easy living in the heart of Elon! This beautifully remodeled 3 bed, 3 bath FIRST FLOOR condo blends style, comfort and convenience. Enjoy luxury vinyl plank flooring throughout, LED recessed lighting, and updated fixtures. The kitchen shines with granite counter tops, painted cabinets and all updated appliances. Each bedroom offers its own bathroom-perfect for privacy, guests, or roommates. Bathrooms feature tile-looking vinyl flooring for a clean, modern feel with low maintenance. Located just miles from Elon University, shopping and dining, this move-in ready condo is ideal for homeowners or investors alike. Fresh, functional and ready for its next owner. Seller is offering up to $5,000 in buyer concessions with accepted offer.

302 Campus Walk Trl, Elon
303-102 Campus Walk Trl, Elon
$209,000
3 Beds ⋅ 3 Baths ⋅ 10194474 MLS
Elon parents & investors, this is the one! This third floor - that means high ceilings, a vaulted living room, & a skylight! - polished rental comes fully furnished & is currently occupied with tenants. And it's fully rented through July 31, 2027, to finish out the academic year! Current Elon parent sellers have made many improvements during their 3-year ownership, including a new front door, new refrigerator/dishwasher/washer/dryer, & new LVP flooring installed in bedrooms/bathrooms in 2025. A favorite for the tenants is a beautiful & bright sunroom. A separate dining room adds valuable space to this bright & cheery condo. One last thing - & it's WONDERFUL! - the owners' most recent improvement is a brand-new HVAC system - just installed in July 2026! Priced to sell at $209,000, this well-maintained, furnished Partners Place condo is ready for YOU!

303-102 Campus Walk Trl, Elon
102 Campus Walk Trail Unit #303, Elon
$209,000
3 Beds ⋅ 3 Baths ⋅ 1236412 MLS
Elon parents & investors, this is the one! This third floor - that means high ceilings, a vaulted living room, & a skylight! - polished rental comes fully furnished & is currently occupied with tenants. And it's fully rented through July 31, 2027, to finish out the academic year! Current Elon parent sellers have made many improvements during their 3-year ownership, including a new front door, new refrigerator/dishwasher/washer/dryer, & new LVP flooring installed in bedrooms/bathrooms in 2025. A favorite for the tenants is a beautiful & bright sunroom. A separate dining room adds valuable space to this bright & cheery condo. One last thing - & it's WONDERFUL! - the owners' most recent improvement is a brand-new HVAC system - just installed in July 2026! Priced to sell at $209,000, this well-maintained, furnished Partners Place condo is ready for YOU!

102 Campus Walk Trail Unit #303, Elon
1232 Jamestowne Dr, Elon
$277,400
3 Beds ⋅ 2 Baths ⋅ 10194074 MLS
GREAT BUY in Elon! Lots of potential with this FIXER UPPER in established Providence Place community. Tucked away on a partially wooded lot, this home offers 1,600+ square feet with 3 bedrooms/2 baths, living & dining areas, sunroom, kitchen. Brick fireplace. Needs significant rehab/repair - being sold AS IS, no exceptions. TAX RATES=Ala Co $0.494 / Town of Elon $0.40 per $100 valuation. SCHOOLS=Highland Elem, Western Middle & High. Seller asks that all offers be submitted on NC OTP with POF or pre-approval ltr.

1232 Jamestowne Dr, Elon
216 Underwood Rd, Elon
$260,000
3 Beds ⋅ 1 Baths ⋅ 10189580 MLS
A rare find—brick ranch on 2 acres with major updates and space to expand. This 3-bedroom, 1-bath home features hardwood floors throughout, a beautifully remodeled bathroom, new HVAC, updated plumbing, a new hot water heater, and a 2020 roof, giving buyers confidence from day one. The unfinished basement is a blank canvas ready for your vision. Outdoors, the fenced acreage is ideal for pets, gardening, or simply enjoying the privacy of your land. With all appliances included—including new front-load washer and dryer—this property delivers unbeatable value, modern improvements, and future potential in one package. Schedule a showing today!

216 Underwood Rd, Elon
216 Underwood Road, Elon
$260,000
3 Beds ⋅ 1 Baths ⋅ 1233944 MLS
A rare find—brick ranch on 2 acres with major updates and space to expand. This 3-bedroom, 1-bath home features hardwood floors throughout, a beautifully remodeled bathroom, new HVAC, updated plumbing, a new hot water heater, and a 2020 roof, giving buyers confidence from day one. The unfinished basement is a blank canvas ready for your vision. Outdoors, the fenced acreage is ideal for pets, gardening, or simply enjoying the privacy of your land. With all appliances included—including new front-load washer and dryer—this property delivers unbeatable value, modern improvements, and future potential in one package. Schedule a showing today!

216 Underwood Road, Elon
1416 Stone Gables Dr, Elon
$340,000
3 Beds ⋅ 2 Baths ⋅ 10188949 MLS
Welcome to 1416 Stone Gable Drive in the charming town of Elon -- a beautifully maintained 4-bedroom, 2-bath home offering approximately 1,862 square feet of comfortable living space just one mile from Elon University. This move-in ready home combines thoughtful upgrades with everyday functionality. The spacious living room features a striking industrial ceiling fan and cozy gas log fireplace, creating the perfect gathering space year-round. The kitchen is equipped with a gas oven ideal for home chefs and entertaining alike. The finished garage adds exceptional versatility with built-in shelving for organized storage or workspace needs, while the full attic provides abundant additional storage space. Recent maintenance includes a serviced HVAC system for added peace of mind. Outside, the professionally installed French drainage system enhances the property's long-term durability and drainage efficiency. Conveniently located near shopping, dining, and the heart of Elon.

1416 Stone Gables Dr, Elon
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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .

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