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Phoenix, AZ New Homes Under $500K

299 Communities

The Enclave on Olive by Meritage Homes in Phoenix-Mesa Arizona
Home in The Enclave on Olive by Meritage Homes
Home in The Enclave on Olive by Meritage Homes

$370,990 - $457,580

The Enclave on Olive

Waddell, AZ 85355

5 Homes

6 Floor Plans

Meritage Homes

Rio Vista at Rancho Mercado by Taylor Morrison in Phoenix-Mesa Arizona
Home in Rio Vista at Rancho Mercado by Taylor Morrison
Home in Rio Vista at Rancho Mercado by Taylor Morrison

$364,990 - $476,180

Rio Vista at Rancho Mercado

Surprise, AZ 85387

4 Floor Plans

Taylor Morrison

Alamar - Discovery by Lennar in Phoenix-Mesa Arizona
Home in Alamar - Discovery by Lennar
Home in Alamar - Discovery by Lennar

$422,990 - $467,990

Alamar - Discovery

Avondale, AZ 85323

4 Floor Plans

Lennar

4.2

Acclaim at Alamar by Shea Homes in Phoenix-Mesa Arizona
Home in Acclaim at Alamar by Shea Homes
Home in Acclaim at Alamar by Shea Homes
$10,000

$414,345 - $492,490

Acclaim at Alamar

Avondale, AZ 85323

2 Homes

4 Floor Plans

Shea Homes

4.4

Acclaim at Jorde Farms by Shea Homes in Phoenix-Mesa Arizona
Home in Acclaim at Jorde Farms by Shea Homes
Home in Acclaim at Jorde Farms by Shea Homes

$484,934 - $545,990

Acclaim at Jorde Farms

Queen Creek, AZ 85142

4 Floor Plans

Shea Homes

4.4

Seasons at Tuscany by Richmond American Homes in Phoenix-Mesa Arizona
Home in Seasons at Tuscany by Richmond American Homes
Home in Seasons at Tuscany by Richmond American Homes
Up to $29,535

$389,995 - $449,995

Seasons at Tuscany

Casa Grande, AZ 85122

Hot Deal

Richmond American Homes

3.6

Allen Ranches Expedition Collection by Taylor Morrison in Phoenix-Mesa Arizona
Home in Allen Ranches Expedition Collection by Taylor Morrison
Home in Allen Ranches Expedition Collection by Taylor Morrison

$498,990 - $608,990

Allen Ranches Expedition Collection

Litchfield Park, AZ 85340

2 Homes

6 Floor Plans

Taylor Morrison

Icon at Thunderbird by Woodside Homes in Phoenix-Mesa Arizona
Home in Icon at Thunderbird by Woodside Homes
Home in Icon at Thunderbird by Woodside Homes
$63,500

$491,490 - $656,490

Icon at Thunderbird

Glendale, AZ 85306

9 Floor Plans

Woodside Homes

Pinnacle at San Tan Heights by Mattamy Homes in Phoenix-Mesa Arizona
Home in Pinnacle at San Tan Heights by Mattamy Homes
Home in Pinnacle at San Tan Heights by Mattamy Homes

$399,990 - $652,865

Pinnacle at San Tan Heights

San Tan Valley, AZ 85142

9 Homes

17 Floor Plans

Hot Deal

Mattamy Homes

Avion - Arbor by Lennar in Phoenix-Mesa Arizona
Home in Avion - Arbor by Lennar
Home in Avion - Arbor by Lennar

$424,990 - $519,990

Avion - Arbor

Goodyear, AZ 85338

1 Home

4 Floor Plans

Lennar

4.2

Ambra by K. Hovnanian® Homes in Phoenix-Mesa Arizona
Home in Ambra by K. Hovnanian® Homes
Home in Ambra by K. Hovnanian® Homes

$421,990 - $529,990

Ambra

Glendale, AZ 85303

1 Home

4 Floor Plans

Hot Deal

K. Hovnanian® Homes

4.4

Forté at Granite Vista by Elliott Homes in Phoenix-Mesa Arizona
Home in Forté at Granite Vista by Elliott Homes
Home in Forté at Granite Vista by Elliott Homes

$436,950 - $612,990

Forté at Granite Vista

Waddell, AZ 85355

1 Home

3 Floor Plans

Elliott Homes

Mystic Vista Traditions by KB Home in Phoenix-Mesa Arizona
Home in Mystic Vista Traditions by KB Home
Home in Mystic Vista Traditions by KB Home

Grand Opening

$334,990 - $406,990

Mystic Vista Traditions

Buckeye, AZ 85326

6 Floor Plans

KB Home

4.3

Ironwood Villages at North Creek by Woodside Homes in Phoenix-Mesa Arizona
Home in Ironwood Villages at North Creek by Woodside Homes
Home in Ironwood Villages at North Creek by Woodside Homes
Up to $41,300

$399,990 - $454,400

Ironwood Villages at North Creek

Queen Creek, AZ 85140

7 Floor Plans

Woodside Homes

The Enclave at Mission Royale Estate Series - New Phase by Meritage Homes in Phoenix-Mesa Arizona
Home in The Enclave at Mission Royale Estate Series - New Phase by Meritage Homes
Home in The Enclave at Mission Royale Estate Series - New Phase by Meritage Homes

$313,990 - $443,090

The Enclave at Mission Royale Estate Series - New Phase

Casa Grande, AZ 85194

6 Floor Plans

Meritage Homes

Ghost Hollow Estates by LGI Homes in Phoenix-Mesa Arizona
Home in Ghost Hollow Estates by LGI Homes
Home in Ghost Hollow Estates by LGI Homes

$320,900 - $422,900

Ghost Hollow Estates

Casa Grande, AZ 85122

5 Floor Plans

Hot Deal

LGI Homes

4.0

Windrose - Tirreno at IronWing by Beazer Homes in Phoenix-Mesa Arizona
Home in Windrose - Tirreno at IronWing by Beazer Homes
Home in Windrose - Tirreno at IronWing by Beazer Homes
Up to $26,780

$459,900 - $599,990

Windrose - Tirreno at IronWing

Litchfield Park, AZ 85340

5 Floor Plans

Hot Deal

Beazer Homes

4.4

Grove at Madera by Tri Pointe Homes in Phoenix-Mesa Arizona
Home in Grove at Madera by Tri Pointe Homes
Home in Grove at Madera by Tri Pointe Homes
$14,000

$489,000 - $599,693

Grove at Madera

Queen Creek, AZ 85142

2 Homes

6 Floor Plans

Hot Deal

Tri Pointe Homes

Encanterra a Trilogy Resort Community by Shea Homes-Trilogy in Phoenix-Mesa Arizona
Home in Encanterra a Trilogy Resort Community by Shea Homes-Trilogy
Home in Encanterra a Trilogy Resort Community by Shea Homes-Trilogy
Up to $19,000

$435,000 - $866,900

Encanterra a Trilogy Resort Community

Queen Creek, AZ 85140

18 Homes

15 Floor Plans

Shea Homes-Trilogy

4.1

Avila at Rancho Mercado by Taylor Morrison in Phoenix-Mesa Arizona
Home in Avila at Rancho Mercado by Taylor Morrison
Home in Avila at Rancho Mercado by Taylor Morrison

$320,990 - $418,084

Avila at Rancho Mercado

Surprise, AZ 85387

1 Home

4 Floor Plans

Taylor Morrison

Lucero Discovery Collection by Taylor Morrison in Phoenix-Mesa Arizona
Home in Lucero Discovery Collection by Taylor Morrison
Home in Lucero Discovery Collection by Taylor Morrison

$394,990 - $501,990

Lucero Discovery Collection

Goodyear, AZ 85338

1 Home

7 Floor Plans

Taylor Morrison

Destinations at Cypress Ridge by Woodside Homes in Phoenix-Mesa Arizona
Home in Destinations at Cypress Ridge by Woodside Homes
Home in Destinations at Cypress Ridge by Woodside Homes

$420,490

Destinations at Cypress Ridge

Phoenix, AZ 85043

1 Floor Plan

Woodside Homes

Windrose - Sevilla at Ironwing by Beazer Homes in Phoenix-Mesa Arizona
Home in Windrose - Sevilla at Ironwing by Beazer Homes
Home in Windrose - Sevilla at Ironwing by Beazer Homes
Up to $41,911

$392,900 - $674,990

Windrose - Sevilla at Ironwing

Litchfield Park, AZ 85340

2 Homes

7 Floor Plans

Hot Deal

Beazer Homes

4.4

Bella Vista Farms - Premier by Lennar in Phoenix-Mesa Arizona
Home in Bella Vista Farms - Premier by Lennar
Home in Bella Vista Farms - Premier by Lennar

$337,490 - $356,490

Bella Vista Farms - Premier

San Tan Valley, AZ 85143

3 Floor Plans

Lennar

4.2

Arroyo Seco by Richmond American Homes in Phoenix-Mesa Arizona
Home in Arroyo Seco by Richmond American Homes
Home in Arroyo Seco by Richmond American Homes
$25,000

$499,995 - $529,995

Arroyo Seco

Buckeye, AZ 85396

Hot Deal

Richmond American Homes

3.6

Magic Ranch by Starlight Homes in Phoenix-Mesa Arizona
Home in Magic Ranch by Starlight Homes
Home in Magic Ranch by Starlight Homes
$8,000

$304,990 - $439,990

Magic Ranch

Florence, AZ 85132

1 Home

5 Floor Plans

Starlight Homes

Village at Sundance by Century Communities in Phoenix-Mesa Arizona
Home in Village at Sundance by Century Communities
Home in Village at Sundance by Century Communities

$347,990 - $433,420

Village at Sundance

Buckeye, AZ 85326

10 Floor Plans

Hot Deal

Century Communities

Mandarin at Citrus Park by Landsea Homes in Phoenix-Mesa Arizona
Home in Mandarin at Citrus Park by Landsea Homes
Home in Mandarin at Citrus Park by Landsea Homes
Up to $10,000

$349,990 - $379,990

Mandarin at Citrus Park

Goodyear, AZ 85338

4 Floor Plans

Hot Deal

Landsea Homes

The Lakes at Rancho El Dorado by Brightland Homes in Phoenix-Mesa Arizona
Home in The Lakes at Rancho El Dorado by Brightland Homes
Home in The Lakes at Rancho El Dorado by Brightland Homes
Up to $72,000

$379,990 - $512,990

The Lakes at Rancho El Dorado

Maricopa, AZ 85138

15 Homes

5 Floor Plans

Brightland Homes

Heartland Ranch by KB Home in Phoenix-Mesa Arizona
Home in Heartland Ranch by KB Home
Home in Heartland Ranch by KB Home

$235,990 - $369,990

Heartland Ranch

Coolidge, AZ 85128

2 Homes

7 Floor Plans

KB Home

4.3

The Trails - Classic Series by Meritage Homes in Phoenix-Mesa Arizona
Home in The Trails - Classic Series by Meritage Homes
Home in The Trails - Classic Series by Meritage Homes
$9,900

$313,990 - $372,080

The Trails - Classic Series

Maricopa, AZ 85138

12 Homes

4 Floor Plans

Meritage Homes

Mason Ranch II by New Home Co. in Phoenix-Mesa Arizona
Home in Mason Ranch II by New Home Co.
Home in Mason Ranch II by New Home Co.

Coming Soon

$419,990 - $499,990

Mason Ranch II

Surprise, AZ 85387

5 Floor Plans

New Home Co.

Tortosa by Ashton Woods in Phoenix-Mesa Arizona
Home in Tortosa by Ashton Woods
Home in Tortosa by Ashton Woods

$329,990 - $361,990

Tortosa

Maricopa, AZ 85138

1 Home

2 Floor Plans

Hot Deal

Ashton Woods

Copper Ridge - Classic Series by Meritage Homes in Phoenix-Mesa Arizona
Home in Copper Ridge - Classic Series by Meritage Homes
Home in Copper Ridge - Classic Series by Meritage Homes
$10,000

$320,990 - $379,990

Copper Ridge - Classic Series

Maricopa, AZ 85138

5 Homes

4 Floor Plans

Meritage Homes

Ridgeview by LGI Homes in Phoenix-Mesa Arizona
Home in Ridgeview by LGI Homes
Home in Ridgeview by LGI Homes

$381,900 - $505,900

Ridgeview

Youngtown, AZ 85363

5 Floor Plans

Hot Deal

LGI Homes

4.0

The Enclaves at Sonrisa by KB Home in Phoenix-Mesa Arizona
Home in The Enclaves at Sonrisa by KB Home
Home in The Enclaves at Sonrisa by KB Home

$457,990 - $607,990

The Enclaves at Sonrisa

Queen Creek, AZ 85142

7 Homes

6 Floor Plans

KB Home

4.3

Stonehaven Encore Collection by Taylor Morrison in Phoenix-Mesa Arizona
Home in Stonehaven Encore Collection by Taylor Morrison
Home in Stonehaven Encore Collection by Taylor Morrison

$489,990 - $607,990

Stonehaven Encore Collection

Glendale, AZ 85305

2 Homes

6 Floor Plans

Taylor Morrison

Ravenna at Rancho Mercado by Taylor Morrison in Phoenix-Mesa Arizona
Home in Ravenna at Rancho Mercado by Taylor Morrison
Home in Ravenna at Rancho Mercado by Taylor Morrison

$479,990 - $615,823

Ravenna at Rancho Mercado

Surprise, AZ 85387

4 Floor Plans

Taylor Morrison

Parkside Rio Vista Collection by Taylor Morrison in Phoenix-Mesa Arizona
Home in Parkside Rio Vista Collection by Taylor Morrison
Home in Parkside Rio Vista Collection by Taylor Morrison

$411,990 - $458,990

Parkside Rio Vista Collection

Avondale, AZ 85392

4 Floor Plans

Taylor Morrison

Wales Ranch by Starlight Homes in Phoenix-Mesa Arizona
Home in Wales Ranch by Starlight Homes
Home in Wales Ranch by Starlight Homes
$19,000

$350,990 - $490,990

Wales Ranch

San Tan Valley, AZ 85140

1 Home

6 Floor Plans

Starlight Homes

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Market Snapshot

New Homes in Phoenix-Mesa by Region

RegionCommunitiesAverage New Home Price
Central Phoenix 18$1,297,000
East Phoenix 44$1,727,000
North Phoenix 69$910,000
South Phoenix 34$449,000
West Phoenix 123$511,000

New Home Cities in Phoenix-Mesa

CityCommunitiesAverage New Home Price
Surprise55$478,762
Queen Creek44$634,659
Buckeye42$457,872
San Tan Valley35$476,006
Maricopa30$338,074
Goodyear29$445,376
Phoenix23$626,281
Peoria20$621,824
Scottsdale19$2,031,708
Gilbert19$653,107
Laveen18$504,086
Avondale17$471,590

Phoenix, AZ features many of the best home builder communities in Arizona, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Phoenix has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the Phoenix area. In fact, there are 299 communities and 37 builders in Phoenix with homes starting at under $500K.

How to Find Homes in Phoenix for Less than $500K?

Many builders recognize there is growing demand in the Phoenix area for homes under the $500k price point and often have a few floor plans available, but these may be in limited supply. These brand new homes are relatively affordable. To ensure affordability without compromising on the quality of the home, builders may utilize value engineering techniques to reduce the cost of construction and keep the price of the home as low as possible. This may include building on a smaller lot or utilizing standard-sized materials, such as windows and doors, that provide high-value for the cost. The results are delivering similar quality at lower prices. Like any new home, you are likely to have the low maintenance and lower cost of ownership that makes new construciton a good value in Phoenix.