Detroit Homes under $500,000

Detroit Homes under $500,000

Welcome to Detroit, Michigan—a city rich in history and vibrant culture, making it an exceptional place to call home. Nestled in Wayne County, Detroit is renowned for its resilience and renaissance, showcasing a blend of classic architecture and modern innovation. From the iconic skyline to the historic neighborhoods, you’ll find a diverse array of attractions that cater to every lifestyle.

For those seeking to invest in their dream home without breaking the bank, Detroit offers a remarkable selection of properties under $500,000. Whether you’re a first-time buyer, a growing family, or looking to downsize, the options are plentiful. You can discover charming bungalows in the heart of quaint neighborhoods, contemporary condos with stunning views, and spacious family homes that provide room to grow.

What sets Detroit apart is its sense of community and the ongoing revitalization efforts that breathe new life into the city. Enjoy local art galleries, world-class dining, and vibrant music scenes that pay homage to its Motown roots. Plus, with the Detroit Riverwalk and numerous parks, outdoor enthusiasts will find plenty of opportunities to enjoy the natural beauty of the area.

With homes under $500,000, you can enjoy the benefits of city living while being part of a dynamic community. Whether you’re drawn to the historical charm of Corktown or the bustling energy of Midtown, Detroit is a city that offers something for everyone. Start your journey today and discover the perfect home in this remarkable city!

Newest Detroit Homes under $500,000

14891 Prevost Street, Detroit
$109,000
6 Beds ⋅ 1 Baths ⋅ 26052728 MLS ⋅ ACTIVE Status
3 bed, 1 bath, brick bungalow in Detroits Grand River-St Mary's neighborhood. Recently vacated, move in ready for those looking for a cozy home, or investors looking for a solid opportunity.

14891 Prevost Street, Detroit
17312 Saint Marys Street, Detroit
$59,500
3 Beds ⋅ 2 Baths ⋅ 20261080030 MLS ⋅ ACTIVE Status
OPPORTUNITY KNOCKS! Welcome to 17312 Saint Marys Street, a 3-bedroom, 2-bath ranch-style home offering a great opportunity for buyers looking for space and potential. Features include hardwood flooring, ceiling fans, a kitchen with granite countertops, eat-in area and bar seating, plus a partially finished basement with an additional bathroom and standing shower. The property also includes a jetted tub, fenced yard, patio, and detached 2-car garage. Conveniently located in Detroit with plenty of possibilities. Bank-owned property being sold AS-IS. Buyer/Buyer’s Agent to verify all information and perform their own due diligence. Schedule your showing today!

17312 Saint Marys Street, Detroit
7541 Parkland, Detroit
$59,900
3 Beds ⋅ 1 Baths ⋅ 20261079987 MLS ⋅ ACTIVE Status
RARE ROUGE PARK LOCATION! This Detroit home, with 3 bedrooms and 1 bathroom, offers a unique opportunity directly across from Rouge Park, providing beautiful green space and recreation right outside your door. The property features a traditional layout with spacious rooms, hardwood flooring, natural light, a functional kitchen, and a full basement offering additional storage and potential.The home sits on a spacious lot with a generous rear yard, providing plenty of room for outdoor activities, gardening, or entertaining. This property is a blank canvas ready for your vision and personal touches, offering an opportunity to create a home that truly reflects your style and needs.Enjoy the benefits of a park-front location while creating something special of your own. Bring your vision and make this property your own!

7541 Parkland, Detroit
5059 Harold Street, Detroit
$220,000
4 Beds ⋅ 1 Baths ⋅ 20261079182 MLS ⋅ ACTIVE Status
Charming 4-Bedroom Bungalow full of opportunity near the Hamtramck border. Offering 4 bedrooms and 1 full bathroom, this property provides plenty of space for comfortable everyday living. The flexible floor plan gives you room to personalize the home to fit your lifestyle, while the partial basement adds useful storage space. Enjoy a convenient location near local markets, restaurants, schools, parks, and major roadways, with Downtown Detroit approximately 10 minutes away. Whether you're searching for a primary residence or an investment property, this home offers a great combination of space, location, and potential. Schedule your private showing today! Some photos have been virtually staged to illustrate the property's potential. Furniture and decor shown are digital renderings and are not included in the sale. All information is believed to be accurate but not guaranteed; buyer and buyer’s agent to verify all information.

5059 Harold Street, Detroit
6721 Penrod Street, Detroit
$84,900
3 Beds ⋅ 2 Baths ⋅ 20261080001 MLS ⋅ ACTIVE Status
HOME IS OCCUPIED, PLEASE DO NOT APPROACHThis home offers a wonderful opportunity for an investor right off of Warren and Southfield

6721 Penrod Street, Detroit
19501 Pierson Street, Detroit
$125,000
3 Beds ⋅ 1 Baths ⋅ 20261079591 MLS ⋅ ACTIVE Status
Investor opportunity available! Property is occupied; do not approach or disturb tenant. Property was previously updated and features 3 beds 1 bath. Rent being paid $1,400 / month. Showings available with an accepted offer. **Portfolio opportunity 15915 Lauder St, 20476 Birwood St** BATVAI

19501 Pierson Street, Detroit
20034 Rosemont Avenue, Detroit
$109,000
3 Beds ⋅ 1 Baths ⋅ 26052697 MLS ⋅ ACTIVE Status
Own for less than rent! Located in the O'Hair Park neighborhood, with an active and committed neighborhood association. Move right into this well-maintained home that is priced below market rate to invite an owner occupant to purchase and move in before the holidays. Includes updated windows and insulation. Large kitchen with space for a breakfast nook. Updated bathroom. Large second floor bedroom, and two main floor rooms perfect for a bedroom and an office. Easy access to major freeways and suburban shopping centers! Quick commute to downtown, area employers, and Wayne State University!

20034 Rosemont Avenue, Detroit
13644 Castleton Street, Detroit
$130,000
3 Beds ⋅ 2 Baths ⋅ 20261079282 MLS ⋅ ACTIVE Status
Welcome to this charming cottage-style home in Detroit’s 48227 area, where original character and timeless details create a warm and inviting atmosphere. Featuring beautiful original hardwood floors and a cozy chimenea, this property offers plenty of charm and personality.Come take a look and experience the character for yourself you may just fall in love with all this charming home has to offer. Schedule your showing today

13644 Castleton Street, Detroit
3670 Woodward Avenue, Detroit
$284,900
1 Beds ⋅ 2 Baths ⋅ 20261079969 MLS ⋅ ACTIVE Status
Live at The Ellington in Midtown! #508 is one of the best floor plans in the building being a top floor corner unit with continuous windows throughout - Unit is 1 bed / 1.5 bath with polished concrete floors, and tons of custom updates throughout like Berloni cabinetry & Brizo fixtures! Unit features an open floor plan with floor to ceiling windows, 2 private balconies, & an additional office space. Close to everything Midtown has to offer in a supremely walkable area steps form the Q-Line, and close to Wayne State campus, DMC, the VA, Whole Foods, AC Hotel, Grey Ghost, Rocco's Deli, Eastern Market, and more. Less than half a mile from the Little Caesars Arena! The unit also comes with assigned parking in a garage connected to the building, washer & dryer in unit, private storage, and a fitness center. Virtual/video showings upon request.

3670 Woodward Avenue, Detroit
7733 Penrod Street, Detroit
$80,000
3 Beds ⋅ 1 Baths ⋅ 20261079813 MLS ⋅ ACTIVE Status
Charming 3-bedroom, 1-bath bungalow featuring a welcoming covered front porch and a comfortable, functional layout. The bright living room offers plenty of natural light with lots of windows and flows into the dining area with a beautiful bay window, opening to the kitchen. Three generous bedrooms feature beautiful flooring and share a full bath with a convenient tub/shower combination. Finished upstairs bonus room that could be a bedroom, office or game room, the skies the limit. The large finished basement provides additional living and entertaining space with a spacious family room and bar. A separate toilet area offers potential to be converted into an additional bathroom. Outside, enjoy the fenced backyard, along with a 1-car detached garage featuring a covered side area for additional outdoor space or storage. Some photos have been AI edited to remove personal belongings. Don't miss this great opportunity. Schedule your private showing today.

7733 Penrod Street, Detroit
4457 Maryland Street, Detroit
$114,900
2 Beds ⋅ 1 Baths ⋅ 26052682 MLS ⋅ ACTIVE Status
Habitat for Humanity Detroit Affordable Homeownership Opportunity Interested in buying this home? Buyers must qualify for Habitat for Humanity Detroit's Homeownership Program. Basic eligibility: Household income must be at or below 80% of Area Median Income (AMI) (See chart below) Submit a mortgage pre-approval for at least $100,000 to begin the application process Meet all Habitat for Humanity Detroit program requirements Wonderful opportunity to own a Habitat for Humanity energy efficient remodeled home in Morningside area. Expected completion by end of 2026.Property is being renovated from the studs in. Owner occupants only please and income restrictions apply.

4457 Maryland Street, Detroit
Detroit
$59,900
3 Beds ⋅ 1 Baths ⋅ 20261079963 MLS ⋅ ACTIVE Status
Morningside Area colonial great for first time home buyers or investors. Needs some work. Subject to probate court sale approval. Nice size rooms and great area close to shopping,schools,bus lines and more. B.A.T.V.A.I

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