Phoenix Homes under $400,000

Welcome to Phoenix, Arizona – a vibrant city that beautifully blends the charm of the desert with the energy of a bustling metropolis. Nestled in Maricopa County, Phoenix boasts an inviting climate, stunning landscapes, and a rich cultural tapestry that makes it one of the fastest-growing cities in the United States. With its sun-soaked days and mild evenings, residents enjoy an outdoor lifestyle year-round, from hiking the iconic Camelback Mountain to exploring the picturesque Desert Botanical Garden.

For those seeking a home in this dynamic city, you’ll be delighted to discover a range of options available under $400,000. Whether you're a first-time buyer, a growing family, or looking to downsize, Phoenix offers an impressive selection of affordable homes that don’t compromise on quality or style. From charming single-family homes in family-friendly neighborhoods to modern condos that offer a low-maintenance lifestyle, there’s something for everyone.

The diverse communities within Phoenix are brimming with amenities, including parks, shopping centers, and top-rated schools. Plus, the city’s thriving job market and numerous entertainment options – from sports events to art festivals – ensure that you’ll never run out of things to do.

Investing in a home in Phoenix means not only securing a beautiful property but also embracing a lifestyle filled with adventure, culture, and community. With homes under $400,000, your dream of living in this sun-drenched city is well within reach. Come explore the possibilities and find your perfect slice of the Phoenix paradise!

Newest Phoenix Homes under $400,000

$139,900

2 Beds ⋅ 1 Baths ⋅ 7089135 MLS ⋅ 864 SqFt.

2953 N 19th Avenue Unit 49, Phoenix

$389,900

4 Beds ⋅ 2 Baths ⋅ 7089119 MLS ⋅ 960 SqFt.

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 ⋅ 840 SqFt.

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 ⋅ 1,120 SqFt.

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 ⋅ 750 SqFt.

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 ⋅ 1,277 SqFt.

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 ⋅ 1,452 SqFt.

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 ⋅ 1,544 SqFt.

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 ⋅ 1,287 SqFt.

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 ⋅ 1,008 SqFt.

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 ⋅ 1,378 SqFt.

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 ⋅ 1,454 SqFt.

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

Start Your Search

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.