Phoenix Homes under $400,000

Welcome to Phoenix, Arizona, a vibrant city that perfectly blends urban sophistication with the stunning beauty of the desert landscape. As the fifth-largest city in the United States, Phoenix is known for its sunny weather, diverse culture, and a wide array of outdoor activities. Nestled in Maricopa County, this dynamic metropolis boasts a rich history, thriving arts scene, and a culinary landscape that caters to every palate.

For those seeking a home in this sun-soaked paradise without breaking the bank, you're in luck! Phoenix offers a variety of charming homes priced under $400,000, making it an ideal destination for first-time buyers, young families, and investors alike. Whether you're looking for a cozy single-family home in a friendly neighborhood or a modern condo with stunning views of the surrounding mountains, Phoenix has something to suit your needs.

The city's real estate market is as diverse as its residents, with properties featuring spacious backyards, open floor plans, and contemporary finishes. Many neighborhoods are conveniently located near parks, schools, and shopping centers, ensuring that you have everything you need at your fingertips.

As you explore the options available, you’ll discover that living in Phoenix means embracing an active lifestyle, with hiking trails, golf courses, and outdoor festivals just a stone's throw away. With its affordable housing options and an abundance of amenities, Phoenix is not just a place to live; it’s a place to thrive. Come and discover your dream home in this enchanting desert oasis!

Newest Phoenix Homes under $400,000

$139,900

2 Beds ⋅ 1 Baths ⋅ 7089135 MLS

2953 N 19th Avenue Unit 49, Phoenix

$389,900

4 Beds ⋅ 2 Baths ⋅ 7089119 MLS

Welcome home! This beautifully updated property offers a fresh, modern interior with stylish finishes throughout. The bright kitchen features crisp white cabinetry, sleek countertops, stainless steel appliances, recessed lighting, and contemporary black fixtures. The updated bathroom showcases clean finishes and a modern vanity. Enjoy an open, inviting living space with plenty of natural light, plus a spacious backyard with lots of potential for entertaining, gardening, or creating your own outdoor retreat. The gated front yard and attached garage add convenience and functionality. Move-in ready and waiting for its new owner!

3820 W Encanto Boulevard, Phoenix

749 E Montebello Avenue Unit 229, Phoenix

$189,000

2 Beds ⋅ 2 Baths ⋅ 7089118 MLS

Central Corridor location! Beautiful gated community at Montebello Gardens! This charming second-level unit features a large front porch, lush landscaping, and a light, open floor plan. Two spacious bedrooms and two full baths, eat-in kitchen, three ceiling fans, and great views of the community greenery. Enjoy low-maintenance living with HOA services including water, sewer, gas, trash, exterior maintenance, roof replacement, and building insurance. Community pool! Ideally located near Route 51, Downtown Phoenix, Biltmore, shopping, dining, and entertainment. Madison School District. Limited neighbors and a peaceful setting make this a wonderful place to call home. Hurry--this one won't last long!

749 E Montebello Avenue Unit 229, Phoenix

$315,000

3 Beds ⋅ 2 Baths ⋅ 7089095 MLS

Equipped with striking hardwood cabinets, elegant faux granite countertops, stainless steel appliances. Bright, inviting rooms with excellent natural light. Well landscaped front and back yard offer a relaxing retreat from your busy life.

2316 W Marlette Avenue, Phoenix

$190,000

2 Beds ⋅ 1 Baths ⋅ 7089056 MLS

Welcome to your updated Central Phoenix charmer! This cozy 2 bed, 1 bath home has a great location. Just minutes from GCU, GCC, Metro center, and I-17 for an easy commute. Move-in ready and waiting for you!

9222 N 35th Avenue Unit 1, Phoenix

$299,000

2 Beds ⋅ 2 Baths ⋅ 7089053 MLS

Step inside this 4th-floor residence at Tapestry on Central with amazing east facing views. A separate den greets you near the entry, providing a dedicated setup for a quiet home office. To the left, the kitchen features gas cooking and an adjacent indoor laundry room. The layout opens up to a split 2-bedroom design centered around a main living area with a gas fireplace. Step out onto the private balcony for city and mountain views. Includes 2 assigned spaces in the gated underground garage and full access to community amenities: heated pool, spa, sauna, and fitness center. Located in Midtown Phoenix directly across from the Encanto Light Rail station, steps from the Heard Museum, Phoenix Art Museum, and local dining.

2302 N Central Avenue Unit 404, Phoenix

$139,900

3 Beds ⋅ 2 Baths ⋅ 7089032 MLS

Duplex Cash-only purchase; requires total renovation. No inspection or financing contingencies. No Buyer Premium. Information deemed reliable but not guaranteed; for informational purposes only, not a legal document. Buyer or Buyer's Agent to verify all material facts: figures, schools, dimensions, square footage, permits, etc.

1019 E Pima Street, Phoenix

$139,900

3 Beds ⋅ 2 Baths ⋅ 7089029 MLS

Cash-only purchase; duplex back house rented for $700/month. Requires total renovation. No inspection or financing contingencies. No Buyer Premium. Information deemed reliable but not guaranteed; for informational purposes only, not a legal document. Buyer or Buyer's Agent to verify all material facts: figures, schools, dimensions, square footage, permits, etc.

1017 E Pima Street, Phoenix

$139,900

3 Beds ⋅ 1 Baths ⋅ 7089024 MLS

Cash-only purchase; requires total renovation. No inspection or financing contingencies. No Buyer Premium. Information deemed reliable but not guaranteed; for informational purposes only, not a legal document. Buyer or Buyer's Agent to verify all material facts: figures, schools, dimensions, square footage, permits, etc.

1427 S 13th Place, Phoenix

$199,000

3 Beds ⋅ 1 Baths ⋅ 7089018 MLS

Discover modern living in this beautifully remodeled 3-bedroom, 1-bath townhouse! Enjoy a bright, open living space filled with natural light and stylish wood-look plank flooring. The fully updated kitchen features sleek quartz countertops, a smooth-top electric range, and stainless steel appliances. Upstairs, find generously sized, updated bedrooms and a stylish bathroom. Relax on your private patio or enjoy the community pool just steps away. Additional features include assigned parking, laundry hookups, and extra storage. Conveniently located just minutes from Phoenix Sky Harbor International Airport, Downtown Phoenix, ASU, and major freeways, this move-in-ready home offers modern style and everyday convenience!

4015 S 45th Street, Phoenix

$359,900

4 Beds ⋅ 2 Baths ⋅ 7088962 MLS

YOU MAY BE ABLE TO TAKE ADVANTAGE OF A CONVENTIONAL GRANT DOWNPAYMENT ASSISTANCE FINANCING OR A 2/1 BUY-DOWN PROGRAM BY USING ONE OF THE SELLERS PREFERRED LENDERS. This centrally located 4bd/2ba home with updated flooring, ceiling fans, bathrooms and an open kitchen concept. There is a large covered back patio with a detached 2 car garage and RV Gate, which is part of the spacious private backyard. Plenty of shopping and dining options and access to the I-10 is just minutes away. No HOA.

5011 W Mackenzie Drive, Phoenix

$350,000

3 Beds ⋅ 4 Baths ⋅ 7088954 MLS

Welcome to this beautifully updated 3-bedroom, 3.5-bathroom condo, ideally located in Phoenix's vibrant Melrose District. Just steps away from your favorite bars, restaurants, coffee shops, and local boutiques, this home offers the perfect blend of urban convenience and modern comfort. Inside, you'll find a thoughtfully designed layout featuring three ensuite bedrooms, including two luxurious master suites--ideal for guests, roommates, or multigenerational living. The open-concept living area is bright and inviting, with tasteful finishes throughout. Located in a secure, gated community, this condo includes two assigned parking spaces in a covered garage, adding convenience and peace of mind.

4330 N 5th Avenue Unit 213, Phoenix

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