Raleigh Homes under $500,000

Welcome to Raleigh, North Carolina – a vibrant city that beautifully blends rich history with modern innovation. As the capital of North Carolina and a key player in the Research Triangle, Raleigh is renowned for its thriving tech industry, prestigious universities, and a strong sense of community. With its picturesque parks, diverse culinary scene, and a calendar full of cultural events, Raleigh offers a lifestyle that is both dynamic and welcoming.

For homebuyers seeking affordability without sacrificing quality, Raleigh boasts a variety of homes priced under $500,000. This makes it an ideal destination for families, young professionals, and retirees alike. Whether you're looking for a charming bungalow in a historic neighborhood, a contemporary townhouse near downtown, or a spacious single-family home in a family-friendly suburb, Raleigh has something to suit every taste and budget.

The city's neighborhoods are as diverse as its residents. Enjoy the vibrant atmosphere of Five Points, where local shops and cafes abound, or explore the serene surroundings of North Hills, known for its upscale dining and shopping experiences. Families will appreciate the top-rated schools and safe communities, while nature enthusiasts can take advantage of the nearby greenways and parks, perfect for weekend adventures.

In Raleigh, the dream of homeownership is within reach. With its affordable housing market and a wealth of amenities, this city is not just a place to live – it’s a place to thrive. Discover your perfect home in Raleigh today and experience all the charm this remarkable city has to offer!

Newest Raleigh Homes under $500,000

$207,900

2 Beds ⋅ 3 Baths ⋅ 10201785 MLS

END UNIT - 2 SUITE - 2 STORY Avery Close Condo In the Heart of the NC State University area. These 2 BR 2.5 Bath Units have tons of character and charm. this one is priced with the opportunity for someone to get in at a lower price and put Their Character and Their Charm in and build some sweat equity wealth for themselves! That's Affordable housing! OR for the price conscious investor ready to flow with student housing. move in ready! bring an offer! HOA is $170 a month and includes a pool, trash and grounds maintenance Transit Access: The Wolfline bus stop sits directly at the neighborhood entrance, providing seamless travel to NCSU Main Campus, Centennial Campus, and Meredith College. Convenience: Within walking distance or a short drive to Mission Valley Shopping Center, Avent Ferry Shopping Center, Lake Johnson, and Pullen Park.

2512 Avent Ferry Rd Unit 208, Raleigh

$259,000

2 Beds ⋅ 2 Baths ⋅ 10201780 MLS

Newly remodeled one-level home in Newton Parish. This bright and open floor plan features fresh neutral paint, new luxury vinyl plank flooring throughout, and an updated kitchen with white cabinetry, granite countertops, stainless steel appliances, and a convenient pass-through to the living area.The spacious living room centers around a fireplace and opens to a private rear deck overlooking wooded surroundings. Both bathrooms have been updated with modern vanities, fixtures, and lights. Additional features include ceiling fans, ample closet space, and a dedicated laundry area.Residents of Newton Parish enjoy community amenities including a swimming pool and tennis courts. Convenient North Raleigh location near shopping, dining, and major roadways. Move-in ready with all the updates already completed.

201 Wetherburn Ln, Raleigh

$269,900

5 Beds ⋅ 3 Baths ⋅ 10201779 MLS

Welcome home to this charming and spacious five-bedroom home offering approximately 1907 square feet of comfortable living space! Built with functionality and convenience in mind, this home features a welcoming living area with large windows and a cozy fireplace, creating the perfect space to relax or entertain. The spacious kitchen offers ample cabinetry and updated stainless steel appliances. The property offers outdoor space to enjoy and room to make it your own. Conveniently located in Raleigh with access to shopping, dining, and major roadways, this home offers a wonderful combination of space, comfort, and convenience!

6010 River Lake Cir, Raleigh

$310,000

2 Beds ⋅ 4 Baths ⋅ 10201765 MLS

UNDER TAX VALUE with a NEW ROOF! Turnkey Townhome minutes from downtown Raleigh, Brier Creek and Umstead Park! This very well maintained and clean townhome offers plenty of space and is right next to all the amenities! Featuring NEW carpet, upgraded granite countertops in kitchen and all bathrooms, NEW paint throughout home, Hardwoods on main level, and upgraded LVP downstairs. This home offers plenty of space, with a studio/flex room and family room for work or play! With the private back porch view that overlooks the community pond, this home is a must see. Schedule your showing today before this beauty is gone!

8749 Cypress Grove Run, Raleigh

$495,000

4 Beds ⋅ 3 Baths ⋅ 10201758 MLS

This like-new home offers easy single-story living with an exceptionally special backyard retreat—a private, fenced garden filled with year-round blooms, pollinator-friendly plants, trees, and shrubs. A covered porch and sunny paver patio offer peaceful places to take in this backyard oasis. Inside, enjoy luxury vinyl hardwoods throughout the main living areas, granite countertops and tile backsplash in the kitchen, and a generous primary suite with walk-in closet. An upstairs bonus bedroom suite and walk-in attic storage provide added flexibility and convenience. Fresh paint and new carpet make this home move-in ready. All-electric living and high-speed fiber internet add modern convenience, while just one mile to I-540 and approximately 15 minutes to downtown Raleigh make commuting easy. You're also just minutes from the trails and natural beauty of Historic Yates Mill County Park and the fresh local finds at the State Farmers Market. Pre-listing home and radon inspections are available for buyer peace of mind.

3400 Cross Timber Ln, Raleigh

$450,000

3 Beds ⋅ 3 Baths ⋅ 10201739 MLS

This exceptional townhome is located in a great neighborhood, Inside Wade Townhomes. It has a park, playground, and pool and is walking distance to shopping, restaurants and The Lenovo Center! The master bath was completely renovated with tiled shower, tiled floor, new vanity and lights. The main floor has a lovely covered patio, and a deck that overlooks trees /natural area. The kitchen has granite counts and stainless appliances and opens to the family room. The third bedroom has newer Luxury vinyl flooring and is currently being used as an office.

1619 Crafton Way, Raleigh

$279,995

3 Beds ⋅ 1 Baths ⋅ 10201736 MLS

Recently renovated and ready for its next owner, this updated Raleigh home combines fresh improvements with comfortable living spaces. Recent upgrades include new windows, countertops, and flooring, bringing a refreshed look and added appeal throughout the home. Step outside to enjoy the fully fenced-in yard, offering added privacy and plenty of space for outdoor activities, gardening, pets, or entertaining guests. Conveniently located in Raleigh with access to nearby shopping, dining, and everyday amenities, this property provides an opportunity to enjoy the convenience of city living. Priced below the current tax value, this home is worth a closer look for buyers seeking recent updates and outdoor space.

1908 Hadley Rd, Raleigh

$400,000

3 Beds ⋅ 3 Baths ⋅ 10201700 MLS

Welcome to 4825 Crescent Square Street in Raleigh's desirable 5401 North community! Built in 2023, this beautiful end-unit townhome offers 3 bedrooms, 2.5 baths, 1,992 square feet, and a detached one-car garage. One of its most appealing features is the FIRST-FLOOR OWNER'S SUITE, offering the convenience of main-level living with incredible additional space upstairs! The inviting main level features wood-look flooring, crown molding, and an open layout connecting the kitchen, family room, and dining area. The kitchen showcases white Shaker-style cabinetry, quartz countertops, an impressive 8-foot island, decorative tile backsplash, stainless steel appliances, gas range with center griddle, corner pantry, and under-cabinet lighting. The refrigerator conveys, along with the washer and dryer in the convenient first-floor laundry closet! The first-floor owner's suite features an octagonal tray ceiling, walk-in closet, and private bath with dual vanities and a spacious tiled shower with built-in seating. Upstairs, two additional bedrooms and a full bath complement an expansive 22'4" x 16'6" BONUS ROOM! An open loft at the top of the stairs flows directly into the bonus room, creating an impressive amount of flexible living space for a media room, game room, home office, or recreation area. Outside, enjoy a private, vinyl-fenced backyard with patio, plus a detached rear-entry one-car garage and driveway parking. Additional highlights include a Wi-Fi-enabled thermostat, energy-efficient features, and a HERS Index rating of 63. Residents of 5401 North enjoy outstanding amenities, including a swimming pool, clubhouse, fitness center, playgrounds, dog park, community garden, and miles of walking and biking trails. Nearby River Bend Park and convenient access to I-540 add even more appeal. Enjoy the space and flexibility of this thoughtfully designed home with all the benefits of townhome living. Schedule your showing today! Disclaimer: This home is vacant. Some photos have been virtually staged to illustrate furniture placement and room potential. Furnishings and décor are not included.

4825 Crescent Square St, Raleigh

$450,000

3 Beds ⋅ 3 Baths ⋅ 10201699 MLS

Bring your vision to this renovation opportunity in established Hunters Creek West! Situated on approximately half an acre on a cul-de-sac street, 4609 Woodside Court offers approximately 2,050 square feet of living space, an attached garage, and the chance to create a home tailored to your style. Multiple living areas, a fireplace, and an upstairs bedroom and bathroom provide flexibility for your renovation plans. Approximately 734 additional square feet of floored attic storage provide generous storage and space to explore future expansion possibilities. Enjoy proximity to NC State University, downtown Raleigh, Kentwood Park, Lake Johnson, shopping, and dining, with easy access to I-440, and Combs Elementary School is located directly behind the property, adding to the home's convenient setting. The home is ready for its next chapter and eager to come back to life as the home of your dreams! A great opportunity for a contractor, investor, or buyer prepared to undertake a substantial project in a convenient Raleigh location. Offered as-is; inspection report available for review.

4609 Woodside Ct, Raleigh

$335,000

3 Beds ⋅ 2 Baths ⋅ 10201693 MLS

Beautifully refreshed 3-bedroom, 2-bath home in southern Raleigh's Pine Winds neighborhood. The big projects are already done, so you can unpack, get comfortable and make it yours from the day you get the keys. Inside, luxury vinyl plank flooring flows through every room with a clean, modern look. A new HVAC system keeps things cozy in the cooler months and cool when summer rolls around. 2025 water heater. Stainless steel refrigerator, washer and dryer all stay with the home. Out back, the fully fenced yard is ready for cozy evenings, barbecues with friends or a quiet morning coffee. The shed gives you a spot for seasonal décor, bikes and lawn gear, so everything has its place. Living here keeps the best of Raleigh close. Close to Farmers Market for seasonal produce and local finds, spend a crisp afternoon at Dix Park, or catch a sunset at Lake Wheeler. White Oak's shopping and dining are just minutes away for errands and easy weeknight dinners. Move-in ready, warm and welcoming!

300 Crosspine Dr, Raleigh

$500,000

3 Beds ⋅ 4 Baths ⋅ 10201689 MLS

Beautifully appointed and ideally located, this end-unit townhome in The Townes at Crabtree offers the space, privacy, and character of a single-family home with the convenience of townhome living. Featuring 3 bedrooms and 3.5 baths, the thoughtfully designed floor plan offers exceptional flexibility. Step inside from the two-car garage to a private lower-level suite, ideal for a bedroom, home office, or guest retreat, with direct access to an outdoor patio. The main level welcomes you with an inviting foyer and elegant curved staircase that opens to a light-filled eat-in kitchen. Designed for both everyday living and entertaining, the kitchen features a center island, granite countertops, pantry, stainless steel appliances, including a gas range, and abundant cabinetry and workspace. The gracious living room is highlighted by a gas fireplace and opens onto a deck overlooking a beautiful wooded buffer, creating a peaceful and private outdoor setting. Upstairs, both bedrooms feature private en-suite baths. The spacious primary suite offers a spa-inspired bath with dual vanities, a soaking tub, separate shower, and a generous walk-in closet. Throughout the home, distinctive architectural details add warmth and sophistication, including crown molding, wainscoting, and hardwood floors throughout the main living area. Additional conveniences include a two-car garage, ample guest parking adjacent to the townhome, and a community mailbox station conveniently located across the street. The location is exceptional, just one mile from Crabtree Valley Mall and approximately 1.2 miles from I-440, providing easy access to I-40, RTP, and RDU International Airport, with convenient alternative routes via Highway 70. An outstanding selection of shopping, dining, and entertainment is just minutes away. The Townes at Crabtree offers an ideal Raleigh lifestyle—an elegant, spacious townhome with the comfort and feel of a single-family home, exceptional privacy, and a location that is hard to beat.

4731 Mifflin St, Raleigh

$279,900

2 Beds ⋅ 2 Baths ⋅ 10201674 MLS

Hard To Find One Story End Unit Condo In Popular Autumn Chase. Great Location, Convenient To Shopping, Restaurants, Crabtree Mall, Hwy 440 & 540. Serene Setting With Short Walk To Lake Lynn. Updates Galore !! ( See Attached Document With Lists of Improvements). Desirable Floor Plan Consists of A Large Living Room W/ Fireplace. Separate Dining Area. Open Kitchen With White Cabinets, Stainless Steel Appliances, Granite Counter Tops & Spacious Breakfast Nook. Two Large First Floor Bedrooms With New Carpet & Pad in 2023. New Luxury Plank Flooring In Living Room, Dining Room & Hall Entrance In 2023. New Trane HVAC 2021. Private Covered Patio Overlooks Common Area, Great For Entertaining. Community Pool.

508 Broad Leaf Cir, Raleigh

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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 .

Raleigh Homes under $500,000

Newest Raleigh Homes under $500,000

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