Austin Homes under $500,000

Austin Homes under $500,000

Welcome to Austin, Texas—a vibrant city known for its dynamic culture, rich history, and breathtaking landscapes. Nestled in the heart of the Lone Star State, Austin is often celebrated as the "Live Music Capital of the World," boasting an eclectic mix of music venues, festivals, and artistic expressions that draw visitors and residents alike. With its stunning parks, scenic lakes, and a plethora of outdoor activities, Austin offers a unique blend of urban living and natural beauty.

For those looking to settle down in this thriving metropolis without breaking the bank, you'll be delighted to discover a range of charming homes available for under $500,000. These properties provide an excellent opportunity for first-time homebuyers, young families, or anyone seeking to invest in this burgeoning market. From cozy bungalows nestled in established neighborhoods to modern townhomes in up-and-coming areas, there’s something for everyone.

Austin’s real estate market is as diverse as its residents, featuring homes that reflect the city’s unique character. Whether you're drawn to the historic architecture of the Old West or the sleek lines of contemporary design, you’ll find a variety of styles that cater to your tastes. Plus, with a thriving job market, top-notch schools, and a strong sense of community, living in Austin is an experience like no other.

Explore the possibilities of homeownership in Austin today, and discover how you can become part of this exciting city while enjoying the benefits of affordable housing options. Your dream home awaits!

Newest Austin Homes under $500,000

1516 Catalan Rd Unit 502, Austin
$314,999
3 Beds ⋅ 3 Baths ⋅ 2033399 MLS ⋅ 78748 Zip Code
Welcome to an exceptional opportunity for affordable Southwest Austin living in the desirable Smithfield community! Offering approximately 1,565 square feet, this spacious residence combines comfort, convenience, and an unbeatable South Austin location. The thoughtfully designed floor plan provides generous living space with plenty of room to work from home, entertain, or simply relax. Enjoy the ease of low-maintenance living while still having the space and feel buyers want in a home—all at an approachable price point for Austin. Location is a standout. Situated just off the Menchaca/Slaughter corridor, you’re minutes from some of South Austin’s favorite restaurants, coffee shops, neighborhood bars, and entertainment, including Moontower Saloon, South Austin Beer Garden, Lulu’s, and more. Everyday conveniences, shopping, and major roadways are also nearby, making it easy to enjoy everything Southwest Austin has to offer while maintaining convenient access to the rest of the city. Whether you’re a first-time buyer, downsizing, or simply looking for more space at an affordable price in Austin, 1516 Catalan Road #502 delivers an incredible combination of location, lifestyle, and value.

1516 Catalan Rd Unit 502, Austin
3602 Ferguson Ln, Austin
$300,000
3 Beds ⋅ 2 Baths ⋅ 9603422 MLS ⋅ 78754 Zip Code
FOR SHOWING & ACCESS INSTRUCTIONS SEE HUD home store attachments ATTACHMENTS. HUD Case # 495-905452 Exclusive Agency Listing. All agents may advertise this property except MLS & yard sign. Brokers & agents must be registered with www.HudHomeStore.gov & have an active NAID number to show, bid and sell this property. Go to www.HUDHomeStore.gov to Register, Place a Bid, Check Availability, Eligible Bidders & Bid Deadlines, etc. Permission to turn-on utilities may be requested from HUD’s Field Service Manager after sales contract is executed, if deficiencies exist turn-on may be denied. HUD Homes are sold AS-IS. See HUD homes store attachments for helpful info & property specific disclosures. Marketed by https://ateamrealtyinc.com. SqFt information is from the FHA appraisal and is deemed reliable but not guaranteed. No representation is made to information provided including SqFt, room measurements, taxes, zoning, schools, features, acreage, utilities, etc. Buyer must verify all information.

3602 Ferguson Ln, Austin
2931 Cohoba Dr, Austin
$449,988
3 Beds ⋅ 2 Baths ⋅ 3461290 MLS ⋅ 78748 Zip Code
Beautifully refreshed and move-in ready, this three-bedroom, two-bath home sits on a corner lot in desirable Cherry Creek. Fresh paint and replaced carpet create a welcoming backdrop for a versatile layout. Just inside the entry, an open flex space offers endless possibilities for a home office, playroom, second living area or formal dining room. At the heart of the home, the kitchen features quartz countertops, stainless steel appliances and a center island with seating. The adjoining breakfast area flows into the main living room, creating a seamless setting for everyday living and entertaining. The spacious primary suite offers a walk-in closet and a spa-like bathroom with dual vanities, a walk-in shower and a soaking tub. Two guest bedrooms feature step-in closets and share a full bathroom with a shower/tub combination. A conveniently located laundry room leads toward the garage, where ample built-in cabinetry provides additional storage. Enjoy the outdoors from the screened-in porch or covered patio, with a low-maintenance yard ideal for an easy lock-and-leave lifestyle. Conveniently located near H-E-B, Central Market, Starbucks, local restaurants and entertainment, with quick access to MoPac and nearby schools. Thoughtful updates, flexible spaces and a sought-after South Austin location make this Cherry Creek home a beautiful place to settle in.

2931 Cohoba Dr, Austin
6901 Greycloud Dr, Austin
$385,000
3 Beds ⋅ 2 Baths ⋅ 3605968 MLS ⋅ 78745 Zip Code
This move-in-ready residence blends modern upgrades with classic comfort. The bright living space features a cozy gas fireplace, while the updated kitchen shines with premium granite countertops. Outside, a brand-new privacy fence encloses an ideal backyard for entertaining. The Location • Downtown Proximity: Located just 15 minutes from Downtown Austin, offering an effortless commute to the central business district and the Texas State Capitol. • Iconic Staples: Minutes from the boutique shopping and dining on South Congress (SoCo), as well as the 300-acre Mary Moore Searight Metropolitan Park. • Local Hangouts: Close to Austin mainstays like the Slaughter Lane H-E-B, Moontower Saloon, and Armadillo Den.

6901 Greycloud Dr, Austin
1800 Lavaca St Unit 204, Austin
$168,000
1 Beds ⋅ 1 Baths ⋅ 3962260 MLS ⋅ 78701 Zip Code
Opportunity is Knocking. Super Value . Unbelievable Price. Impeccable Location. Magnificent Affordable Midrise bordering the University of Texas and Downtown. Open floorplan with custom ceramic tile through out with upgraded kitchen and bath with Maple Cabinets, Granite Counters, and Stainless Appliances. Secured Entry and Parking. HOA dues cover Electric, Water, Hot water, and Gas. One Block from the UT Campus and 5 blocks to the Capital.

1800 Lavaca St Unit 204, Austin
204 Chippendale Ave, Austin
$350,000
3 Beds ⋅ 1 Baths ⋅ 2270615 MLS ⋅ 78745 Zip Code
Located just minutes from Downtown Austin and moments from the vibrant St. Elmo District, 204 Chippendale seamlessly blends modern updates with classic bungalow charm. This nearly completely remodeled home offers a bright, open-concept layout designed for both everyday living and effortless entertaining, complemented by a versatile second living area or flex space ideal for a home office, media room, or guest retreat. The newly rebuilt expansive, privacy-fence creates a true outdoor backyard haven—complete with a patio for relaxing or hosting and a storage shed for added functionality. Just around the corner, enjoy easy access to a neighborhood park with trails, a basketball court, and a playscape, enhancing the home’s livability and appeal. Positioned in one of South Austin’s most dynamic growth corridors, you’re minutes from South Congress, the St. Elmo Market, major employers, public transit, and Austin-Bergstrom International Airport. Whether you’re seeking convenience, character, or proximity to Austin’s best dining and entertainment, this home delivers on all fronts. For more info, go to: https://wkf.ms/4evN7Ko

204 Chippendale Ave, Austin
1803 Elmira Rd, Austin
$445,000
3 Beds ⋅ 2 Baths ⋅ 6355336 MLS ⋅ 78721 Zip Code
$20,000 SELLER CONCESSION to Buyer to use toward an interest rate buydown or closing costs! Featuring a primary bathroom fully remodeled in September 2026, this beautifully updated, light-filled East Austin gem blends classic mid-century structure with crisp, modern design. The front entry opens to an open floorplan connecting the living and dining areas, anchored by rich flooring and custom contemporary lighting. Culinary enthusiasts will love the modernized kitchen, featuring gleaming quartz countertops, an elegant farmhouse sink, minimalist white cabinetry, and premium stainless steel appliances. White subway tile walls and floating timber shelving create a sophisticated, open-air aesthetic perfect for daily living and effortless entertaining. This pristine, clean styling extends into the renovated bathrooms, boasting modern floating sinks and flawless penny-tile details. Step out back to your own private urban oasis: a massive, fully fenced backyard with a spacious covered patio, ideal for dining alfresco or escaping the Texas sun. Beyond the patio, a custom raised wooden deck frames a trendy galvanized cowboy pool, the ultimate setup for cooling off and entertaining all summer long. Perfectly situated in vibrant 78721, this home offers an unbeatable East Austin lifestyle, just minutes from Mueller's popular eateries, farmers' markets, and parks. Golf lovers will appreciate the immediate proximity to the historic Morris Williams Golf Course, and the University of Texas at Austin is just 3 miles away. Thoughtful modern upgrades, a massive lot, and a prime location make this East Austin home a rare find.

1803 Elmira Rd, Austin
1130 Spur St Unit A, Austin
$484,900
3 Beds ⋅ 3 Baths ⋅ 5054777 MLS ⋅ 78721 Zip Code
Stunning turn-key modern retreat minutes from Downtown Austin! Unit A features a light-filled 3-bedroom, 3-bathroom layout across 1,675 sq ft of meticulous craftsmanship. The open main level is lined with high privacy windows, matte black hardware, recessed lighting, and seamless flooring throughout. At the center is a gourmet kitchen with a large prep island, stainless gas range, gooseneck faucet, and custom tile backsplash. Unwind in luxury bathrooms highlighting walk-in frameless glass showers, dual sprayers, and striking patterned tile work. Outside, enjoy covered carport parking, side yard access, and a private rooftop turf terrace. Unbeatable location surrounded by 6 different parks within 10 minutes, plus quick access to UT, Moody Center, the Capitol, 6th Street, I-35, and Hwy 183.

1130 Spur St Unit A, Austin
12903 Stanzel Dr, Austin
$420,000
3 Beds ⋅ 2 Baths ⋅ 4976267 MLS ⋅ 78729 Zip Code
Welcome to 12903 Stanzel Drive in Northwest Austin! Located in the Hunters Chase neighborhood, this single-story brick home offers a functional layout and an opportunity for its next owner to make it their own. The spacious living room features a floor-to-ceiling brick fireplace, creating a warm focal point, while large windows provide abundant natural light and views of the backyard. The living area offers a comfortable space for relaxing and entertaining, with a layout that provides flexibility for a variety of needs. Outside, the fenced backyard offers space to enjoy the outdoors, and the attached two-car garage provides convenient parking and storage. Conveniently situated near major roadways, shopping, dining, and everyday amenities, this property presents an opportunity for buyers looking to personalize a home in an established Northwest Austin neighborhood.

12903 Stanzel Dr, Austin
12818 Copper Cliff Ave, Austin
$399,900
4999587 MLS ⋅ 78727 Zip Code
RARE opportunity for investors. This charming and beautifully duplex is in unbeatable location. 2 Years old Roof, New Dishwasher and new refrigerator in Unit A, New AC units in Unit B. Very close to HEB, St David's medical center and 6 minutes to Domain, the Austin Football Club stadium, Mueller, Downtown Austin and major tech employers. In the Great schools. Both sides have 2 bedrooms and 2 bathrooms with vaulted ceilings in the living room with a fireplace and backside patio for BBQ and gathering. Private backyard and fully fenced.

12818 Copper Cliff Ave, Austin
1115 Kirk Ave, Austin
$432,000
3 Beds ⋅ 1 Baths ⋅ 4721022 MLS ⋅ 78702 Zip Code
8063sqft level lot, 0.1851 acre, zoned sf3, builders dream with exceptional flexibility for any exit strategy. Austin's current home may permit two or possibly three investments units/houses. Live coveted to all of 78702 has to offer but pay lower taxes in this part of 78702. Location cannot be beat. UNDER 10 minutes to Downtown, UT, Moody Center, DKR Stadium. Disch Faulk Baseball. Women's Softball UT complex, Dell Children's Hospital, two HEB's, Lady Bird Lake, 10miole jogging trail, Longhorn Dam Wishbone, Brewers, BBQ joints Franklin and La BBQ, Authentic Mexican restaurants which are a staple in this diverse community and anything healthy is here. Come build on your canvas your dream home or cash flow multiple houses. Airbnb houses are the norm in this convenient area. Come be the envy of your Sphere of Influence.

1115 Kirk Ave, Austin
106 E 30th St Unit 308, Austin
$315,000
3 Beds ⋅ 2 Baths ⋅ 9989604 MLS ⋅ 78705 Zip Code
Priced to sell, this move-in ready 2-bedroom, 2-bathroom condo located in a highly sought-after UT campus complex and neighborhood. Approximately a 5-minute walk to the Engineering School and easy access to the main UT campus 2 designated parking spaces (#19 & #37). Washer, dryer and fridge convey. This floor plan is ideal for a roommate situation.

106 E 30th St Unit 308, Austin
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