Phoenix Homes under $400,000

Phoenix Homes under $400,000

Welcome to Phoenix, Arizona – a vibrant city that perfectly blends urban sophistication with the stunning beauty of the Sonoran Desert. As the fifth-largest city in the United States, Phoenix is known for its warm climate, rich cultural heritage, and a plethora of outdoor activities. With over 300 sunny days a year, residents enjoy an active lifestyle, whether hiking the scenic trails of Camelback Mountain or exploring the lush landscapes of the Desert Botanical Garden.

Nestled in Maricopa County, Phoenix boasts a diverse array of neighborhoods, each with its own unique charm and character. From the historic districts filled with mid-century architecture to modern developments brimming with amenities, there's something for everyone in this thriving metropolis.

For those looking to settle down in Phoenix without breaking the bank, you'll be delighted to discover a selection of homes available for under $400,000. This market offers a fantastic opportunity for first-time homebuyers, families, and investors alike. You can find cozy single-family homes in family-friendly neighborhoods, contemporary townhomes with community amenities, and even charming bungalows that exude character and warmth.

With its affordable housing options and a strong sense of community, Phoenix is not just a place to live; it’s a place to thrive. Whether you’re drawn to the bustling downtown scene, the arts and culture of the city, or the peaceful suburban lifestyle, Phoenix is ready to welcome you home. Explore the possibilities today and discover your perfect slice of Arizona paradise!

Newest Phoenix Homes under $400,000

3901 E Pinnacle Peak Road Unit 138, Phoenix
$198,000
2 Beds ⋅ 2 Baths ⋅ 7098318 MLS ⋅ ACTIVE Status ⋅ 85050 Zip Code ⋅ 1,512 SqFt.
2020 construction close to the clubhouse and a 27x11.5' addition built as a workshop that is fully insulated with a split A/C unit and this room is not included in the total SF. If you are a crafter or enjoy your ''shed'' then this one is custom built for you- 2x6 contruction on cement slab. Inside home you have a modern kitchen w/ stainless steel appliances that opens to the family room. A large den/office, and 2 more bedrooms. The master bath is spacious with a walk in shower, lots of cabinets and two sinks. LVP flooring throughout, crown molding and wood blinds on all windows. Close to the clubhouse which has a heated pool, hot tub, & lots of social activities that are included with the monthly lot rent of $985/month. This is a 55+ community. 9 hole executive golf course + pickleball

3901 E Pinnacle Peak Road Unit 138, Phoenix
8218 S 7th Street Unit 54, Phoenix
$69,000
3 Beds ⋅ 2 Baths ⋅ 7098299 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85042 Zip Code ⋅ 1,300 SqFt.
Beautifully newly updated home in a family friendly community near scenic South Mountain in Laveen! This home features fresh interior and exterior paint, new doors and windows, waterproof luxury vinyl plank flooring, remodeled bathrooms, and an updated kitchen with new cabinets and sink. Additional upgrades include new ceiling fans with remote controls, a newer roof, and a newer A/C system. Enjoy Arizona outdoor living in the backyard with an outdoor fireplace, artificial turf, and newly planted trees. Take in the beautiful South Mountain views while enjoying convenient access to Laveen shopping, dining, and everyday amenities. The community also offers a large event center, a park, and a swimming pool for recreation and gatherings. This home is a must see!

8218 S 7th Street Unit 54, Phoenix
16627 N 1st Avenue Unit 85, Phoenix
$39,900
3 Beds ⋅ 2 Baths ⋅ 7098281 MLS ⋅ ACTIVE Status ⋅ 0.08 Acres ⋅ 85023 Zip Code ⋅ 1,500 SqFt.
Great price in a 55+ community. Buyers will need to qualify for lot lease in order to complete the purchase. Mobile home is very well maintained and has a newer AC unit and flooring. Nice great room layout with galley kitchen and private large owner suite. Handicap ramp access to both front and rear doors. Lot is adjacent open space giving extra privacy for this property. Sale is Mobile Home personal property only with appliances.

16627 N 1st Avenue Unit 85, Phoenix
3439 W Kimberly Way Unit 1, Phoenix
$259,999
2 Beds ⋅ 3 Baths ⋅ 7098269 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85027 Zip Code ⋅ 1,200 SqFt.
Beautifully remodeled townhouse featuring contemporary design, and private courtyard. Inside, the kitchen features stainless steel appliances, two-tone shaker cabinetry, quartz countertops, tile backsplash and breakfast bar. Vinyl wood flooring paired with upgraded recessed lighting creates a bright, open flow across the home. The bathrooms are thoughtfully updated with premium shower system, custom vanities, framed mirrors, and a designer tile niche. The community features a large swimming pool and lots of grass play areas.

3439 W Kimberly Way Unit 1, Phoenix
2132 W Laurel Lane, Phoenix
$349,900
3 Beds ⋅ 2 Baths ⋅ 7098254 MLS ⋅ ACTIVE Status ⋅ 0.13 Acres ⋅ 85029 Zip Code ⋅ 1,053 SqFt.
Attention Buyers take advantage of the HOPER loan program with no down payment. Seller is willing to consider offers requesting contributions toward buyer closing costs and/or an interest rate buydown, subject to mutually agreed-upon contract terms and lender approval. Freshly painted inside and out, this Phoenix home combines classic ranch styling with recent improvements and no HOA. The single-story floor plan offers 3 bedrooms, 2 bathrooms, and approximately 1,053 square feet of living space. Highlights include newer triple-pane windows with screens, an eat-in kitchen, and a one-car carport. A new Hunter sprinkler system in the front yard adds convenience to landscape care. The backyard features a new 6-foot block wall, creating a more private setting for outdoor enjoyment. Situated the established Valley Vista 2 community near I-17, this home offers a welcoming opportunity to add your personal touches.

2132 W Laurel Lane, Phoenix
510 N 10th Street, Phoenix
$365,000
3 Beds ⋅ 1 Baths ⋅ 7098197 MLS ⋅ ACTIVE Status ⋅ 0.05 Acres ⋅ 85006 Zip Code ⋅ 768 SqFt.
After investing $110K into remodeling, almost everything in this home is new as of 2025, including AC, roof, plumbing, wiring, sewer line, foundation,framing of both sides, duct works, kitchen, bathroom, insulation, windows, stucco, interior, exterior paint, flooring, tankless water heater, appliances, fixtures and garbage disposal. All beds in the pictures are Queen-size. Minutes to ASU Phoenix campus, Chase Field, U of A, Roosevelt Row, restaurants, shops, entertainment, hospitals, and I-10 freeway, enjoy City Life. This home is qualified Empower Down Payment Assistant Program. FHA loan with down payment assistance equal to 5% of the sale price! Another option is 1% lower interest rate for first year! No HOA!

510 N 10th Street, Phoenix
5302 E Van Buren Street Unit 1029, Phoenix
$289,000
2 Beds ⋅ 2 Baths ⋅ 7098163 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85008 Zip Code ⋅ 804 SqFt.
BEAUTIFULLY REMODELED 2-BEDROOM, 2-BATH CONDO IN A PRIME PHOENIX LOCATION! Enjoy modern, low-maintenance living in this beautifully remodeled ground-floor end unit in Belaflora. Highlights include stylish gray cabinetry, quartz countertops, stainless-steel appliances, recessed lighting, updated bathrooms, an open-concept living space, a walk-in closet, a Nest thermostat, and a whole-house blue water filtration system plus a kitchen reverse osmosis (RO) drinking water system. Appliances (excluding washer and dryer) and window curtains are included. Approximately $40,000 in upgrades. Please refer to the Document tab for additional details. Conveniently located minutes from Sky Harbor Airport, Papago Park, the Phoenix Zoo, Desert Botanical Garden, and Papago Golf Club, with easy freeway access to Arcadia, Biltmore, Tempe, and Old Town Scottsdale. Enjoy community amenities including a heated pool, spa, fitness center, and clubhouse. Don't miss this opportunity to own a stylishly updated condo in a sought-after Phoenix location at an attractive price. Listing photos include both virtually staged images with furniture and original, unstaged images to help buyers visualize the property's potential and see the space as it currently appears.

5302 E Van Buren Street Unit 1029, Phoenix
3830 E Lakewood Parkway E Unit 1061, Phoenix
$325,000
2 Beds ⋅ 2 Baths ⋅ 7098157 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85048 Zip Code ⋅ 997 SqFt.
RESORT STYLE LIVING IN AHWATUKEE'S LAKEWOOD SUBDIVISION, THIS GROUND LEVEL CONDO ADJACENT TO ASSIGNED COVERED PARKING OFFERS EASY ACCESS TO A SPLIT FLOOR PLAN FEATURING 2 BEDROOMS AND 2 BATHS, EFFICIENT KITCHEN WITH QUARTZ SURFACES AND BREAKFAST BAR ADJACENT TO THE DINING NOOK, WOOD BURNING FIREPLACE, AND INTERIOR LAUNDRY; ENJOY THE ARIZONA OUTDOOR LIVING ON YOUR PRIVATE PATIO OR VENTURE TO ONE OF THE 2 HEATED COMMUNITY POOL/SPA RETREATS. THE AREA IS NEAR TO PUBLIC TRANSPORTATION, GROCERY, SPECIALTY SHOPS, AND DINING. MOUNTAIN VIEWS SURROUND WITH ENDLESS HIKING TRAILS AND WALKING PATHS. GOLF COURSES AND PARKS WITH PICKLEBALL ARE JUST AROUND THE CORNER. COME LIVE THE ARIZONA LIFESTYLE IN PORTOFINO!

3830 E Lakewood Parkway E Unit 1061, Phoenix
3624 N 87th Avenue, Phoenix
$224,900
3 Beds ⋅ 2 Baths ⋅ 7098117 MLS ⋅ ACTIVE Status ⋅ 0.16 Acres ⋅ 85037 Zip Code ⋅ 1,325 SqFt.
Investors, opportunity didn't just knock--it drove into the front of the house. Located at 3624 N 87th Ave in Phoenix, this property features an unplanned exterior renovation courtesy of a vehicle impact. Let's be clear: the front of the home sustained damage, and this is a project for buyers ready to assess the repairs and bring a vision, a contractor, and something stronger than a weekend DIY playlist. If your investment strategy includes finding properties that need more than fresh paint and encouraging words, take a closer look. Buyers should independently evaluate the damage, structural condition, repair costs, and any required permits. Bring your plans--and please use the driveway.

3624 N 87th Avenue, Phoenix
3208 W Willow Avenue, Phoenix
$325,000
3 Beds ⋅ 2 Baths ⋅ 7098094 MLS ⋅ ACTIVE Status ⋅ 0.16 Acres ⋅ 85029 Zip Code ⋅ 1,215 SqFt.
CLEAN & FRESH***NEW PAINT INSIDE & OUT***SELLER IS 2ND OWNER OF THIS GREAT HOME***NEW BREAKER BOX**NEWER MAIN SEWER LINE***UPDATED KITCHEN WITH A FLAIR OF OLD SCHOOL IN DINING AREA***SIDE ENTRY DOUBLE CARPORT WITH LOADS OF STORAGE SPACE***UNIQUE & VERY PRIVATE PATIO OFF LIVING ROOM FOR EASY ACCESS TO THE OUTDOORS & TO EXTEND YOUR HOME'S LIVING SPACE***FULLY TILED KITCHEN/DINING AREA, VINYL WOOD PLANKS THROUGHOUT LIVING ROOM/HALLWAY/BATHROOMS***FRESH UPGRADED CARPET IN THE BEDROOMS***LARGE WRAP AROUND COVERED PATIO OVERLOOKING GRASS BACKYARD***

3208 W Willow Avenue, Phoenix
2231 N 29th Place, Phoenix
$345,000
2 Beds ⋅ 1 Baths ⋅ 7098088 MLS ⋅ ACTIVE Status ⋅ 0.18 Acres ⋅ 85008 Zip Code ⋅ 1,014 SqFt.
Look no further! This recently updated home in Phoenix is the one! NO HOA! Featuring 2 beds, 1 bath, a low-care front yard w/mature shade tree, an RV gate, and ample off-street parking. Inside, you'll find abundant natural light, a fresh neutral palette, new wood-look floors, soft carpet in the bedrooms, and an inviting living area that flows seamlessly to the dining area. The refreshed kitchen boasts crisp white shaker cabinetry, quartz countertops & matching backsplash, and sleek black hardware. The renewed bathroom includes a white tiled shower and designer fixtures. Both bedrooms offer walk-in closets for added convenience. Outside, your backyard is complete with a paver patio and plenty of potential to turn it into your own private retreat! Great Phoenix location! Move-in ready!

2231 N 29th Place, Phoenix
16225 N 29th Street Unit 51, Phoenix
$64,950
2 Beds ⋅ 2 Baths ⋅ 7098071 MLS ⋅ ACTIVE Status ⋅ 85032 Zip Code ⋅ 1,296 SqFt.
You MUST see this beautifully remodeled home! It features 2-bedrooms, 2-baths and a spacious living, kitchen and dining area. Home was completely remodeled in 2025. New floors, kitchen and bathrooms, interior and exterior paint and lots of extras. The newer AC unit is energy efficient. Enjoy this tranquil community on your private porch. Conveniently located near SR-51

16225 N 29th Street Unit 51, Phoenix
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Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.

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