Phoenix Homes under $400,000

Welcome to Phoenix, Arizona – a vibrant city that perfectly blends the warmth of the desert with the excitement of a bustling urban lifestyle. Nestled in Maricopa County, Phoenix is renowned for its stunning sunrises, breathtaking sunsets, and a rich tapestry of cultural experiences. From world-class dining and shopping to outdoor adventures, this city offers something for everyone.

For those seeking affordable housing options in this dynamic city, you’ll be delighted to discover that Phoenix boasts an impressive selection of homes priced under $400,000. Whether you're a first-time homebuyer, a growing family, or an investor looking for a promising opportunity, the real estate market here has something to fit your needs.

Imagine settling into a charming single-family home with a spacious backyard, perfect for enjoying the year-round sunshine. Or perhaps a cozy townhouse in a friendly community, where you can easily connect with neighbors and enjoy amenities such as pools and parks. With a diverse array of neighborhoods, each with its own unique character, you can find the ideal setting that reflects your lifestyle and aspirations.

In addition to affordable housing, Phoenix offers a thriving job market, excellent schools, and an abundance of recreational activities, including hiking in the nearby mountains or enjoying a day at one of the many local golf courses. With its warm climate and welcoming atmosphere, Phoenix is not just a place to live; it’s a place to thrive. Come explore the possibilities and discover your dream home in this enchanting desert oasis!

Newest Phoenix Homes under $400,000

2725 E Mine Creek Road Unit 2192, Phoenix

$320,000

2 Beds ⋅ 2 Baths ⋅ 7088781 MLS ⋅ 1,091 SqFt.

Welcome to The Pinnacle at Desert Peak. This move-in ready 2-bed, 2-bath townhome offers 1,094 livable sq ft all on one level, plus a direct-access 1-car garage. Located in a peaceful area of the community, this end unit allows you to enjoy privacy and a mountain view corridor. The kitchen features granite counters, stainless steel appliances and refinished cabinetry. Tile flooring in living areas, carpet in bedrooms, designer lighting, walk-in laundry room, and a spacious primary suite with a walk-in closet and primary bathroom with dual sinks. Upgraded with a Halo whole-home water treatment system. Community amenities include a heated pool, spa, ramadas, BBQ area, children's playground and grass play areas. Minutes from Desert Ridge Marketplace, dining, shopping and the Loop 101.

2725 E Mine Creek Road Unit 2192, Phoenix

$329,000

3 Beds ⋅ 2 Baths ⋅ 7088770 MLS ⋅ 2,132 SqFt.

6269 W College Drive, Phoenix

$345,000

2 Beds ⋅ 2 Baths ⋅ 7088749 MLS ⋅ 892 SqFt.

Brand new 2026 interior paint, sleek vinyl flooring throughout, updated lighting, and a fully serviced HVAC system for year round comfort. Sunlit 2 bedroom, 2 bathroom open layout featuring an eat in kitchen, seamless living and dining areas, and convenient indoor laundry. Thoughtfully equipped kitchen featuring full stainless steel appliances. Luxurious retreat featuring a large closet with a pocket door, en suite full bath with updated fixtures, and direct access to the private backyard. Access to the Ahwatukee Recreation Center, featuring two sparkling pools, pickleball courts, a fitness center, artisan studios, a woodshop, and over 40 social clubs, dances, and events!

13023 S 45th Place, Phoenix

16225 N Cave Creek Road Unit 85, Phoenix

$49,999

2 Beds ⋅ 2 Baths ⋅ 7088746 MLS ⋅ 832 SqFt.

**Financing available**Villa Carmel 55+ Adult gated community! Be charmed by this delightful 2-bedroom manufactured home with its own Extended covered carport/patio! Inside, vaulted ceilings and wood-look floors create an inviting vibe, while the cozy living room practically calls you to kick back and relax. The kitchen brings the flavor with chocolate-stained staggered cabinets, generous counter space, built in microwave, Gas stove and all the essentials to fuel your inner chef. The primary bedroom even spoils you with its own private bathroom. And the community? Oh, it's packed with goodies such as a refreshing pool, an indoor spa for unwinding, a fitness center to keep you moving, and plenty more fun waiting to be discovered. Come see it for yourself and picture the easygoing lifestyle waiting for you! Across from the clubhouse.

16225 N Cave Creek Road Unit 85, Phoenix

$335,625

4 Beds ⋅ 2 Baths ⋅ 7088683 MLS ⋅ 1,250 SqFt.

Fantastic opportunity to own a ranch-style residence in the desirable Phoenix with a spacious fenced front yard and no HOA! Inside, you'll find an inviting living/dining room perfect for entertaining guests. Soothing palette, neutral tile floors, and French doors patio access are some of the features worth mentioning! Cook your favorite meals in this lovely kitchen with ample cabinets, tile counters & backsplash. The primary bedroom boasts handsome wood-look floors, a sizable closet, and a private ensuite. Oversized backyard includes a covered patio, storage shed, and plenty of spaces for your future desert oasis! You don't want to miss this value.

3432 W Glenrosa Avenue, Phoenix

$389,000

3 Beds ⋅ 1 Baths ⋅ 7088610 MLS ⋅ 1,116 SqFt.

This 3 bed 1 bath bungalow sits right in the middle of central Phoenix, minutes from the restaurants and vintage shops along Melrose on 7th Avenue, the trails and lagoon at Encanto Park and the open lawns of Steele Indian School Park. On a 7,000 sq ft lot with no HOA, it's about as cute as they come. Fresh paint runs throughout, and real wood floors carry from the living room into the dining area and primary bedroom, with plantation shutters softening the light. The updated kitchen has white cabinetry, granite countertops, a subway tile backsplash and a gas range. Off the main living space, the Arizona room gives you flexible bonus space for an office, a reading spot or a place to land. Three bedrooms share the full bath. Out back is where this one really shines. A large block-fenced yard with brick paver patios, a storage shed and an RV gate with additional parking gives you room to spread out. The big items are already handled too, with HVAC replaced in 2019 and roof update in 2020. Nothing left to do but unpack.

1306 W Clarendon Avenue, Phoenix

$199,999

2 Beds ⋅ 2 Baths ⋅ 7088590 MLS ⋅ 875 SqFt.

Enjoy North Mountain views from this inviting 2-bedroom, 2-bath end-unit condo featuring single-level living, tile flooring throughout, a private patio, and assigned covered parking, with guest street parking just steps away. Located near the community pool, this thoughtfully updated home features new windows and a second-bedroom glass slider (2023), refreshed showers and toilets in both bathrooms, and a new primary bathtub. Additional improvements include a water heater (2025), Whirlpool oven (2024), Whirlpool washer and dryer (2025), Ecobee Wi-Fi thermostat (2023), and new kitchen sink and faucet. A split-bedroom layout offers added privacy. With thoughtful updates and mountain views, this condo offers exceptional value in a desirable North Phoenix location! Buyer and buyer's agent to verify all facts and figures listed in the MLS.

925 W Peoria Avenue Unit 7, Phoenix

$359,900

4 Beds ⋅ 1 Baths ⋅ 7088579 MLS ⋅ 1,172 SqFt.

Incredible value at $359,900! This vacant, move-in ready 4-bedroom home offers exceptional space and peace of mind with major capital improvements already done. Highlights include a brand NEW roof (2026) and newer HVAC system (2023). Enjoy 1,509 sq ft of functional living area (buyer to verify unpermitted additions/sq ft) on a generous lot with NO HOA. Clean, turnkey, and priced to sell!

6919 W Cypress Street, Phoenix

$365,000

3 Beds ⋅ 2 Baths ⋅ 7088561 MLS ⋅ 1,128 SqFt.

Beautifully Updated & Move-In Ready - Brand New AC + Extensive Updates + New Water Heater +Huge Backyard & RV Gate. From the moment you step inside, you'll notice the difference on how the New flooring flows throughout the home, complemented by fresh interior & exterior paint, new blinds, stylish new light fixtures & new ceiling fans that create a bright, polished & welcoming atmosphere. The updated kitchen also features a brand-new sink, new stove & microwave with plenty of cabinet space & refreshed finishes. Both bathrooms have been beautifully updated with new showers, vanities & toilets, creating clean, comfortable spaces that feel wonderfully new. And then there's the backyard, Expansive, versatile & ready for your vision, there's room to entertain, garden, create a play area or let the dogs run. The RV gate and 2-car garage add valuable flexibility for vehicles, storage & all of your Arizona toys. When it comes to peace of mind, the major updates have already been taken care of. Enjoy a brand-new AC with a transferable 10-year warranty, a brand-new water heater, and a roof approximately 6 years old--giving you more time to focus on enjoying your home rather than worrying about the big-ticket items. This isn't just a house with upgrades--it's a home where you can settle in, breathe easy & start creating your next chapter. Come see it, feel it, and imagine yourself calling it home! Your next chapter starts here.

8307 N 29th Avenue, Phoenix

6900 E Princess Drive Unit 1160, Phoenix

$359,000

2 Beds ⋅ 2 Baths ⋅ 7088558 MLS ⋅ 843 SqFt.

Beautiful 2 bed/2 bath ground floor condo with larger patio. This condo is newly renovated and beautifully fully furnished. Split floor plan with a king bed in the master and a queen bed in the 2nd bedroom! Huge walk in closet in the master bedroom and both bathrooms have new quartz countertops. 55'' Smart TV with Cable / Netflix & streaming access. T he kitchen has stainless steel appliances, granite countertops. This unit has a full size washer and dryer located in the main hallway. Large covered patio overlooking a courtyard with seating for 4. Gated community with pools, hot tubs, gym, grilling areas, Located access to the 101, minutes to Kierland, great shops, restaurants and golf courses. This is fully furnished, turn key.

6900 E Princess Drive Unit 1160, Phoenix

5450 E Deer Valley Drive Unit 2189, Phoenix

$389,000

2 Beds ⋅ 2 Baths ⋅ 7088457 MLS ⋅ 1,246 SqFt.

Welcome to resort-style living at its finest within the guard-gated community of Toscana of Desert Ridge -- one of North Phoenix and Scottsdale's most sought-after luxury condominium addresses. This beautifully appointed 2 bedroom, 2 bathroom residence offers a rare and highly desirable short-term rental allowance, making it an outstanding opportunity for both discerning homeowners and savvy investors alike. The open-concept floor plan invites you in with a gourmet kitchen that flows effortlessly into a generous great room, perfectly designed for both everyday living and entertaining. Thoughtfully upgraded throughout, the kitchen features quartz countertops, stainless steel appliances, and a built-in wine refrigerator that adds a touch of sophistication. The spacious primary suite is a true retreat, complete with a large en-suite bath and private water closet. The home is being offered fully furnished, with all furniture included or available for negotiation -- a genuine turn-key opportunity from day one. Residents of Toscana enjoy an unparalleled amenity package, including three resort-style heated pools, two state-of-the-art fitness centers, three private clubhouses, and a dedicated resort staff -- all within a 24/7 guard-gated community. The location is equally impressive, with High Street's acclaimed dining and nightlife, Desert Ridge Marketplace, and the JW Marriott Desert Ridge Resort & Spa all within walking distance. Two championship golf courses, including the Nick Faldo-designed Wildfire Golf Club, are just moments away, as is the Mayo Clinic. Whether you're seeking a full-time luxury residence, a premier lock-and-leave retreat, or an income-producing short-term rental in the heart of the Phoenix/Scottsdale corridor, this is a rare opportunity that truly delivers on every front.

5450 E Deer Valley Drive Unit 2189, Phoenix

$399,900

2 Beds ⋅ 1 Baths ⋅ 7088440 MLS ⋅ 1,312 SqFt.

Mid-century pool house bungalow, completely reimagined! This stunning 2-bedroom, 1-bath home has been completely remodeled, and features a large enclosed Arizona room. This perfect for a home office, gym, dining space or second living area. Enjoy a large fenced lot and a newly resurfaced pool, pool deck and new pool equipment. Major updates include a new roof, HVAC, windows and flooring, along with a beautifully renovated kitchen and bath. Ideally located in central Phoenix on a quiet dead-end street near Arcadia, Papago Park, Sky Harbor, Downtown Phoenix and Loop 202. A rare blend of character, versatility and modern updates that you will want to see! Owner/Agent

2930 E Granada Road, Phoenix

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