Raleigh Homes under $400,000

Welcome to Raleigh, North Carolina – a vibrant city that beautifully blends Southern charm with modern innovation. As the capital of North Carolina and a key player in the Research Triangle, Raleigh is renowned for its rich history, cultural diversity, and thriving economy. With a robust job market driven by technology, education, and healthcare, this city is a fantastic place to settle down.

If you're looking for your dream home in Raleigh without breaking the bank, you’re in luck! The real estate market here offers a variety of options for homes priced under $400,000. These affordable gems provide an excellent opportunity for first-time homebuyers, families, and investors alike. From cozy bungalows in historic neighborhoods to contemporary townhouses in up-and-coming areas, there’s something for everyone.

Raleigh’s neighborhoods are as diverse as its residents. Explore the charming streets of Oakwood with its Victorian-style homes or the family-friendly atmosphere of North Hills, where parks, shopping, and dining are just a stone's throw away. The city boasts top-rated schools and a plethora of recreational activities, including beautiful parks, hiking trails, and cultural attractions like museums and theaters.

Living in Raleigh means enjoying a vibrant lifestyle with a strong sense of community. Whether you’re sipping coffee at a local café, attending a festival, or cheering on the Carolina Hurricanes, you’ll find that Raleigh is a city that welcomes you with open arms. Discover your perfect home in this dynamic city today, and embrace all that Raleigh has to offer!

Newest Raleigh Homes under $400,000

$200,000

2 Beds ⋅ 2 Baths ⋅ 10196364 MLS ⋅ ACTIVE Status

If you're looking for a completely updated, move-in ready condo, in a GREAT West Raleigh location, central to all of the Triangle, look no further! Enter the front door into your new home. It has been freshly painted with new LVP flooring throughout. And NO popcorn ceilings! The kitchen has a brand new refrigerator, stylish shaker cabinets, kitchen sink, light fixtures and a range hood that vents to the outside. The bathrooms have new shower/tub, new vanities and new toilets. Enjoy your morning coffee or quiet evenings on a private covered back deck which overlooks the forest views. Located just outside the Belt Line, near Rex Hospital, Crabtree Valley Mall, NC State, the Lenovo Center, downtown Raleigh, and RTP. HOA dues cover water, sewer, trash, community pool and tennis and pickle ball courts. First time homeowners or investors welcome. This property is agent owned so we're ready, willing, and able to help make this your home.

4651 Timbermill Ct Unit 103, Raleigh

$299,000

2 Beds ⋅ 3 Baths ⋅ 10196341 MLS ⋅ ACTIVE Status

SIGNIFICANT PRICE ADJUSTMENT — outstanding value in the heart of Cary/Raleigh! If you've been waiting for a spacious, move-in-ready townhouse in an unbeatable location, at an unbeatable price, this is the opportunity you've been waiting for.Generous living spaces, two oversized bedroom suites, a one-car garage, community pool, and easy access to Crossroads, NC State, downtown Raleigh and Cary, this home delivers exceptional value and convenience. Step inside to an inviting, open floor plan with newer neutral paint and plush 1 year old carpeting. The oversized living room centers on a cozy fireplace and provides a generous dining area with plenty of space for a large table and entertaining. The well-appointed kitchen features stainless/black appliances—including the refrigerator—and a convenient pantry for additional storage.Upstairs, both bedrooms are exceptionally spacious and each features a private en-suite bathroom and walk-in closet. The primary suite features a tray ceiling in the bedroom and the bath includes a double vanity, separate garden tub, and shower. This is an ideal layout for roommates, guests, or those who simply want room to spread out. Washer/dryer convey making moving in even easier. Enjoy quiet mornings or relaxed outdoor dining on the private rear patio. A coveted one-car garage provides secure parking and storage, while abundant visitor parking makes entertaining easy. Residents also enjoy access to the sparkling community pool. With the significant price adjustment, move-in-ready condition, exceptional bedroom space, garage, private patio, pool access, and a location minutes from the best of Cary and Raleigh, this home offers a rare combination of space, convenience, and value. Don't miss your opportunity to see it!

2506 Bryarton Village Way, Raleigh

$230,000

2 Beds ⋅ 2 Baths ⋅ LP770312 MLS ⋅ ACTIVE Status

Welcome home to this clean and well-maintained 2-bedroom, 2-bathroom townhome in Lake Woodard Townhomes, the greater Raleigh area! Offering the convenience of single-level living with no stairs, this home is an excellent opportunity for anyone looking for comfort, accessibility, and a convenient location. The thoughtfully designed floor plan features two comfortable bedrooms, two full bathrooms, and an easy-flowing living space that makes everyday living simple. Whether you're a first-time buyer, downsizing, or looking for a low-maintenance home, this townhome offers the flexibility you need. Location is a major highlight! You'll be conveniently situated near Wake Medical Center, making access to medical services especially convenient. Enjoy easy access to shopping, restaurants, entertainment, major roadways, and the many amenities throughout the greater Raleigh area. Listing Firm does not hold EMD. This won't last!!

3745 Votive Ln, Raleigh

$300,000

3 Beds ⋅ 3 Baths ⋅ 10196317 MLS ⋅ ACTIVE Status

Opportunity knocks on this expansive .52-acre corner lot near Downtown Raleigh. The existing home requires extensive renovation and the property offers a compelling opportunity for investors, builders or buyers looking to create something entirely new. Renovate, reimagine or explore redevelopment possibilities on this generously sized parcel with frontage along Sherrybrook Drive and E. Martin Street. The value here is in the land, location and potential. Convenient to Downtown Raleigh, major thoroughfares, shopping and dining. Property is being sold in its current condition. Bring your contractor, your plans and your vision. Rear Lot on 1502 E Martin is being sold separately. (MLS #10196320)

300 Sherrybrook Dr, Raleigh

$220,000

3 Beds ⋅ 2 Baths ⋅ 10196292 MLS ⋅ ACTIVE Status

INVESTORS & BUYERS WELCOME! 3-bedroom, 1.5-bath home being sold AS-IS. This property offers an opportunity for investors, rehabbers, or buyers looking to renovate and create a home that fits their vision. A pre-inspection has been completed, and the report is available for review. Contact Listing agent for a copy of the inspection report. Please note: There is an area of significant ground moisture along the right side of the home, and a potential septic or drainage issue should be further evaluated by the buyer. Seller will not be making repairs. Buyers are encouraged to conduct their own inspections, verify all information, and determine renovation and repair costs. Bring your contractor and vision—whether you're looking for an investment opportunity or a home to make your own, this property is ready for its next chapter!

2308 Shoveller Ct, Raleigh

$400,000

3 Beds ⋅ 2 Baths ⋅ 10196261 MLS ⋅ ACTIVE Status

Enjoy the ease of one-story living in a beautifully refreshed home ideally situated in one of Raleigh's most convenient locations. Just minutes from premier shopping and dining at Crabtree Valley Mall, with easy access to I-440, major thoroughfares, UNC REX Hospital, and some of the Triangle's most popular parks and destinations, this home offers both everyday convenience and an exceptional location. Inside, thoughtful updates and timeless finishes create a fresh, contemporary feel designed for today's lifestyle. Durable LVP flooring flows throughout the home, complemented by high ceilings that enhance the sense of space and openness. At the heart of the home, the gorgeous renovated kitchen features quartz countertops, soft-close cabinetry, stainless steel appliances, and a new backsplash, creating a stylish and functional space that's perfect for both everyday living and entertaining. Fully renovated bathrooms continue the modern aesthetic with updated tile, fixtures, and finishes for a polished designer look. Outside, the new deck provides the perfect setting for morning coffee, weekend gatherings, or relaxing evenings. Enjoy nearby dining favorites including Seasons 52, The Cheesecake Factory, and Fleming's Prime Steakhouse, as well as the natural beauty and scenic trails of Shelley Lake Park and William B. Umstead State Park. With a brand-new roof, all-new windows, updated lighting throughout, and easy access to everything the Triangle has to offer, this home combines comfort, style, and convenience in one exceptional package. A beautiful blend of one-story living, thoughtful updates, and an outstanding location, this home is ready to impress. Schedule your showing today and experience it for yourself!

3812 Hollycrest Ct, Raleigh

$249,900

3 Beds ⋅ 3 Baths ⋅ 10196202 MLS ⋅ ACTIVE Status

Enjoy the perfect combination of comfortable living, inviting outdoor spaces, and a golf course setting in this spacious 3-bedroom, 2.5-bath home. The open and bright floor plan allows the kitchen to flow seamlessly into the family and dining areas and features a convenient eating bar, while a fireplace in the family room creates a welcoming focal point. New LVP flooring throughout the entire first floor adds a fresh, modern touch. The primary suite features walk-in closets, dual vanity sinks, and a garden tub/shower that has been upfitted with a lower step-over for easier, more accessible entry. Additional storage can be found throughout the home with a linen closet, pantry, attic storage, and exterior storage. Step outside to the screened porch and additional patio space, providing multiple areas to relax, entertain, or enjoy the outdoors surrounded by mature trees. Community amenities include two pools, tennis, golf, a lake with gazebo, and walking trails. With its golf course setting, open floor plan, generous storage, inviting outdoor spaces, and impressive community amenities, this home offers plenty to enjoy inside and out.

2253 Ventana Ln, Raleigh

$291,000

3 Beds ⋅ 2 Baths ⋅ 10196178 MLS ⋅ ACTIVE Status

Welcome to 1952 Grassy Banks Drive, a beautifully updated 3-bedroom, 2.5-bath end-unit townhome with a 1-car garage, offering low-maintenance living in a convenient Raleigh location. Just 15 minutes from Downtown Raleigh, this move-in-ready home provides easy access to I-440, I-540, the Neuse River Greenway Trail, shopping, dining, entertainment, and more. Step inside to a bright, spacious open-concept floor plan designed for comfortable everyday living and entertaining. The inviting family room features abundant natural light and a modern fireplace that creates a warm and welcoming atmosphere. The eat-in kitchen offers generous cabinet and countertop space, a pantry, and a full complement of appliances, including the refrigerator, range, dishwasher, and microwave. Upstairs, the spacious primary suite offers a vaulted ceiling, abundant natural light, and two separate closets for excellent storage. The private, spa-inspired ensuite features a stylish vanity and oversized tiled soaking tub, creating a relaxing retreat. Two additional bedrooms provide flexibility for guests, a home office, workout space, or other lifestyle needs. A large separate laundry room offers additional storage and everyday convenience. Recent improvements include a new roof, fresh interior paint, and freshly cleaned carpet, giving the home a fresh, well-maintained, move-in-ready feel. As an end unit, the home also provides added privacy and natural light. Enjoy the best of Raleigh with convenient access to major roadways, Downtown Raleigh, restaurants, shopping, grocery stores, nightlife, entertainment, and outdoor recreation. Whether you're a first-time buyer, looking to simplify, or searching for a home in a convenient location, 1952 Grassy Banks Drive is ready to welcome you home.

1952 Grassy Banks Dr, Raleigh

$185,000

3 Beds ⋅ 2 Baths ⋅ 10196139 MLS ⋅ ACTIVE Status

3 Bedroom Townhome minutes from Downtown Raleigh, City Bus line, Beltline, and Shopping Center. Priced below tax value, previously rented for $1700 with the possibility of $2000. Buy as a investment property or primary residence. 3 Bedroom Townhome minutes from Downtown Raleigh, City Bus line, Beltline, and Shopping Center. Priced below tax value, previously rented for $1700 with the possibility of $2000. Buy as a investment property or primary residence.

805 Dalewood Dr, Raleigh

$199,000

1 Beds ⋅ 2 Baths ⋅ 10195903 MLS ⋅ ACTIVE Status

YOUR MOVE IN READY, LOW-MAINTENANCE, RESORT STYLE LIFE STARTS HERE! This beautifully updated 3rd-floor condo at Avera Place combines modern finishes, open living, privacy, and unbeatable convenience. Tall ceilings and oversized windows create a light-filled interior, while the open kitchen, cozy fireplace and flexible den/sunroom provide plenty of space to relax and entertain. Recent updates include a beautifully refreshed kitchen with new granite countertops, new subway tile backsplash, all new cabinetry, new lighting, new sink/fixture, new lighting, and new LVP flooring throughout main living spaces and primary bedroom, an updated primary bath with new walk-in shower/fixtures, newer vanity/fixtures and lighting, new full-size washer/dryer, and three modern ceiling fans. Step outside your door and enjoy a massive pool, tennis courts, playground and clubhouse with fitness room. Then head to nearby Brier Creek and surrounding areas for shopping, dining and entertainment. Easy access to I-540, I-40 and RDU makes getting around a breeze. Updated, stylish and ready to enjoy! This one is a Must-See!

2501 Huntscroft Ln Unit 300, Raleigh

$260,000

3 Beds ⋅ 3 Baths ⋅ 10196134 MLS ⋅ ACTIVE Status

BRAND NEW HVAC (June 2026) Don't miss this well-maintained townhome, ideally positioned with quick access to I-540, shopping, and dining. Whether you're a first-time homebuyer or an investor, this home offers both value and convenience in a growing Raleigh location. This home offers a functional open-concept layout with high ceilings that create a bright and spacious main living area. The kitchen features granite countertops, stainless steel appliances, and ample cabinetry. Upstairs, you'll find three comfortable bedrooms and two full bathrooms. The primary bedroom features vaulted ceilings and an en-suite bathroom with a walk-in shower. The layout offers both practicality and separation of space, ideal for families, roommates, or guests. Spend quiet mornings and relaxing evenings on the spacious patio. Enjoy maintenance living with the HOA covering landscaping, pet stations, common area maintenance, and more (see maintenance chart).

8807 Commons Townes Dr, Raleigh

$290,000

3 Beds ⋅ 2 Baths ⋅ 10196133 MLS ⋅ ACTIVE Status

Looking for space without the restrictions of an HOA? This well-maintained ranch sits on a hard-to-find 0.77-acre lot, offering room for additional parking, recreational vehicles, trailers, outdoor equipment, or future projects. Enjoy your morning coffee from the welcoming rocking chair front porch or relax on the new rear deck overlooking the expansive backyard. Inside, you'll find a move-in ready home designed for comfortable one-level living. With a generous lot, flexible outdoor space, and a convenient location, this property offers a combination that's increasingly difficult to find.

10601 Fanny Brown Rd, Raleigh

Start Your Search

Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .