Alabama Areas Homes under $500,000

Alabama Areas Homes under $500,000

Welcome to Alabama, a state renowned for its rich history, vibrant culture, and stunning landscapes. Whether you’re drawn to the bustling cities or the serene countryside, Alabama offers a diverse array of communities that cater to every lifestyle. From the picturesque foothills of the Appalachian Mountains to the beautiful beaches along the Gulf Coast, this region is a treasure trove of opportunities for homebuyers.

In Alabama, finding your dream home under $500,000 is not just a possibility—it's a reality! The state boasts an impressive selection of homes that combine affordability with charm. You can discover cozy bungalows in historic neighborhoods, spacious family homes in suburban areas, and even modern condos near urban amenities. With a variety of architectural styles and layouts, there’s something for everyone, whether you’re a first-time buyer, a growing family, or looking to downsize.

Beyond the homes, Alabama's communities offer an abundance of local attractions. Enjoy the vibrant arts scene in Birmingham, explore the historical significance of Montgomery, or relax on the stunning beaches of Gulf Shores. Outdoor enthusiasts will appreciate the numerous parks and recreational areas, perfect for hiking, fishing, and enjoying nature.

With a cost of living that’s lower than the national average, Alabama not only makes homeownership attainable but also provides a quality of life that is hard to beat. Discover the charm of Alabama and find your perfect home today—where southern hospitality meets modern living!

Newest Alabama Areas Homes under $500,000

524 Margaret, Millport
$59,900
3 Beds ⋅ 2 Baths ⋅ 26-2228 MLS
Fixer-upper opportunity in the heart of Millport! Situated on a corner lot, this home offers plenty of character and potential for someone looking to make a property their own. The home has already received an important update with new windows, while still offering the opportunity for additional repairs, updates, and personal touches. Conveniently located in town and close to local amenities, this property could make a rewarding renovation project, investment property, or future home. Due to its current condition, the property will not qualify for FHA, USDA, or VA financing.

524 Margaret, Millport
147 Aberdeen, Vernon
$459,900
6 Beds ⋅ 3 Baths ⋅ 26-2202 MLS
Step into a piece of history that has been completely transformed and beautifully remodeled! This spacious 6-bedroom, 3-full-bath home combines timeless character with fresh, modern updates and offers an incredible amount of space for comfortable living. Multiple living areas provide plenty of room to relax and gather, while the formal dining room and inviting kitchen create the perfect setting for everyday living and entertaining. A bright sunroom offers a peaceful retreat, while the shop provides additional functionality for hobbies, storage, or projects. Step outside to enjoy the fenced backyard, offering space for outdoor activities, entertaining, or simply relaxing. This is more than a house-- it is a home designed for making memories, and knowing the hard work has already been done.

147 Aberdeen, Vernon
31734 Highway 17, Millport
$55,900
3 Beds ⋅ 1 Baths ⋅ 26-2200 MLS
This home has so much potential.

31734 Highway 17, Millport
24636 Alabama 17, Kennedy
$94,900
3 Beds ⋅ 3 Baths ⋅ 26-2186 MLS
This property has so much potential. The home has 3 bedrooms and 2.5 baths. There is a shop on a concrete slab with power.

24636 Alabama 17, Kennedy
177 4th SW, Vernon
$225,000
5 Beds ⋅ 3 Baths ⋅ 26-2144 MLS
This spacious 5-bedroom, 2.5-bath home offers plenty of room and potential! The completely remodeled main level features large living and dining areas, an oversized laundry room, and a spacious kitchen with abundant cabinet space and a walk-in pantry. The primary suite includes a walk-in closet and private en suite bath. A second bedroom and half bath are also downstairs. Upstairs offers three additional bedrooms and a large full bath that could shine with minor updates. Outside, the large barn provides exceptional space for equipment, tools, projects, and storage. Its unfinished upper level could make an excellent recreation room, hobby space, or private retreat. A unique property with space and possibilities inside and out!

177 4th SW, Vernon
418 -420 3rd St SE SE, Aliceville
$179,900
4 Beds ⋅ 3 Baths ⋅ 26-2042 MLS
Beautiful remodeled home in the Heart of Aliceville! Four bedrooms and three full baths in the main house, gorgeous kitchen, open den and dining area, spacious bedrooms, great storage, plus a full living quarters (needs some TLC) complete with kitchen, bedrooms and bath - perfect for a mother in law suite, college student, man cave or potential rental income!

418 -420 3rd St SE SE, Aliceville
406 1st N, Reform
$149,900
3 Beds ⋅ 2 Baths ⋅ 26-2036 MLS
Welcome to this spacious and inviting home offering plenty of room to make your own! Inside, you'll find generously sized rooms, abundant natural light, built-in storage, and charming details throughout. The functional floor plan provides comfortable living spaces with plenty of flexibility for everyday living, entertaining, or working from home. Large bedrooms offer ample closet and storage space, while the home's classic character gives it a warm, welcoming feel. With a little personal touch, this property offers so much potential for its next owner. Conveniently located while still providing the comfort and space you're looking for, this home is ready for its next chapter!

406 1st N, Reform
4776 Pine Grove, Ethelsville
$194,500
3 Beds ⋅ 2 Baths ⋅ 26-2034 MLS
Very nice 3 bedroom, 2 full bathroom home in Ethelsville situated on 1+/- acre! Enjoy recent updates throughout the home along with spacious rooms and a comfortable layout. The property offers a private setting with plenty of space to enjoy the outdoors. Out back, you'll find a versatile shed that was previously used as a nail shop, offering great potential for a home-based business, hobby space, office, or additional storage. If you're looking for a move-in ready home with privacy and extra space, this one is worth a look!

4776 Pine Grove, Ethelsville
1677 Academy, Sulligent
$259,900
3 Beds ⋅ 2 Baths ⋅ 26-2003 MLS
Move right into this beautiful newly built home situated on approximately 3.26 acres! Conveniently located just 15 minutes from Caledonia and only 10 minutes from Vernon, Alabama, this property offers the perfect combination of privacy, space, and convenience. The low maintenance exterior features PVC siding and vinyl soffit, while the interior offers an inviting open floor plan with a huge living area, three bedrooms, two full baths, and a spacious walk in laundry room. Enjoy peaceful country living in a brand new home with plenty of room to spread out!

1677 Academy, Sulligent
711 7th NW, Reform
$319,900
4 Beds ⋅ 3 Baths ⋅ 26-1987 MLS
Brand-new construction sitting beautifully high on a hill on a spacious 1.2-acre lot! This 4-bedroom, 2.5-bath home features a modern open-concept kitchen, dining and living area with a fireplace and plenty of natural light. The kitchen offers sleek cabinetry, stainless steel appliances, beautiful countertops and a large island. The primary suite includes a private bath with double vanity, walk-in shower and large walk-in closet. Three additional bedrooms, full guest bath, stylish half bath and spacious laundry room provide plenty of room. Enjoy an attached garage and large covered back patio with ceiling fan. Modern, spacious and move-in ready!

711 7th NW, Reform
36647 Alabama 17, Millport
$189,900
1 Beds ⋅ 1 Baths ⋅ 26-1971 MLS
Welcome to your own private country retreat! Situated on approximately 17 acres, this unique 900 sq. ft. barndominium-style home offers privacy, character, and plenty of outdoor space. Inside, you'll find an open-concept studio-style layout with the living, dining, kitchen, and sleeping areas flowing together in one spacious room. The separate bathroom features a beautiful large walk-in tiled shower. Soaring ceilings, exposed trusses, concrete flooring, and metal accents add to the rustic charm. Large covered porches extend around approximately half of the home, offering plenty of space to relax, entertain, and enjoy the peaceful surroundings. Perfect for a full-time residence, weekend getaway, or hunting retreat!

36647 Alabama 17, Millport
597 Tanglewood, Reform
$449,900
3 Beds ⋅ 3 Baths ⋅ 26-1952 MLS
Welcome to 597 Tanglewood Dr in Reform, AL! Built in 2021, this newer home offers the appeal of modern construction with a beautiful setting within the Tanglewood community. Situated on the Tanglewood golf course, the property provides a scenic backdrop and a wonderful opportunity to enjoy golf-course living. The home features a comfortable, functional layout with modern finishes and plenty of space to make it your own. Whether relaxing at home or enjoying the views of the course, this property offers a unique combination of newer construction and a desirable setting. Don't miss the opportunity to make 597 Tanglewood Dr your new home!

597 Tanglewood, Reform
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