Elon Homes under $500,000

Welcome to Elon, North Carolina – a charming town that beautifully blends small-town warmth with vibrant energy. Nestled in Alamance County, Elon is renowned for its picturesque landscapes, friendly community, and a strong sense of pride. The town is home to Elon University, a hub of academic excellence that enriches the area with cultural events, art exhibits, and a lively student atmosphere.

Elon offers a variety of recreational opportunities, from lush parks to scenic walking trails. Residents enjoy a close-knit community, where neighborhood gatherings and local events foster connections and friendships. The downtown area is bustling with quaint shops, delightful cafes, and restaurants that serve everything from Southern comfort food to international cuisine.

For those seeking to settle down in this delightful town, there’s an impressive selection of homes available for under $500,000. Whether you're a first-time homebuyer, a growing family, or looking to downsize, Elon has something to offer everyone. These homes range from charming single-family residences with spacious yards to modern townhouses that provide convenience and comfort.

Living in Elon means embracing a lifestyle that balances tranquility and activity, with easy access to nearby cities like Greensboro and Burlington. With a strong sense of community, excellent schools, and an array of affordable housing options, Elon is not just a place to live; it’s a place to thrive. Discover your dream home in Elon today and experience the warmth and charm this beautiful town has to offer!

Newest Elon Homes under $500,000

$259,900

3 Beds ⋅ 2 Baths ⋅ 10195429 MLS ⋅ ACTIVE Status

This brick ranch home offers a solid foundation and a great opportunity for buyers looking to add their own personal touches. With a few updates, this home can be refreshed to suit your style and preferences. A great option for a homeowner or investor looking for a property with potential and room to make it their own.

310 Sunset Dr, Elon

$218,000

3 Beds ⋅ 3 Baths ⋅ 10195291 MLS ⋅ ACTIVE Status

Welcome to easy living in the heart of Elon! This beautifully remodeled 3 bed, 3 bath FIRST FLOOR condo blends style, comfort and convenience. Enjoy luxury vinyl plank flooring throughout, LED recessed lighting, and updated fixtures. The kitchen shines with granite counter tops, painted cabinets and all updated appliances. Each bedroom offers its own bathroom-perfect for privacy, guests, or roommates. Bathrooms feature tile-looking vinyl flooring for a clean, modern feel with low maintenance. Located just miles from Elon University, shopping and dining, this move-in ready condo is ideal for homeowners or investors alike. Fresh, functional and ready for its next owner. Seller is offering up to $5,000 in buyer concessions with accepted offer.

302 Campus Walk Trl, Elon

$475,000

3 Beds ⋅ 3 Baths ⋅ 10195245 MLS ⋅ ACTIVE Status

Welcome to 308 Woodland Drive, where comfortable living, classic charm, and plenty of space come together in the heart of Elon. This 3-bedroom, 2.5-bath home offers 2,868 square feet with room to spread out, gather, and truly feel at home. Step inside to warm living spaces filled with natural light, hardwood-style flooring, and a beautiful brick fireplace that creates an inviting centerpiece for the main living area. The kitchen features bright cabinetry, granite countertops, stainless steel appliances, and generous workspace, while multiple living and flex spaces make it easy to adapt the home to your needs. Upstairs, a spacious bonus room provides even more versatility — perfect for a media room, playroom, home office, workout space, or additional hangout area. Need even more room? The unfinished basement provides valuable additional space for storage, a workshop or the opportunity to finish it in the future to suit your needs. The outdoor spaces are just as inviting. Mature trees provide a beautiful backdrop, while the fenced backyard offers plenty of room to enjoy the outdoors. Spend mornings on the large covered front porch and evenings gathered around the impressive outdoor fireplace, creating a natural centerpiece for the patio and a great setting for entertaining or relaxing at the end of the day. With nearly 2,900 square feet of finished living space, a bonus room, unfinished basement, fenced backyard, outdoor fireplace and a convenient Elon location, 308 Woodland Drive offers the space, flexibility and character that make a house feel like home.

308 Woodland Dr, Elon

$259,900

3 Beds ⋅ 3 Baths ⋅ 10194779 MLS ⋅ ACTIVE Status

This well-maintained home offers a solid foundation and a great opportunity for buyers looking to add their own personal touches. With a few updates, this home can be refreshed to suit your style and preferences. A great option for a homeowner or investor looking for a property with potential and room to make it their own.

305 Westminster Dr, Elon

$445,000

4 Beds ⋅ 3 Baths ⋅ 10194707 MLS ⋅ ACTIVE Status

Traditional charm meets everyday comfort in this spacious 4-bedroom 2.5 bath home located in the sought after Ashley Woods and Western Alamance school district. Thoughtful details and inviting living spaces create a welcoming atmosphere throughout. A formal entry opens to beautiful hardwood floors, detailed molding and a formal dining room. The living room and adjoining den provide distinct spaces for gathering with the den featuring a fireplace, built-in bookshelves and a wet bar area with wine storage. The spacious kitchen offers abundant cabinetry, a center island, breakfast bar, built-in desk and walk-in pantry along with a casual dining area. Two staircases provide convenient access between levels, including a secondary staircase connecting the fourth bedroom area to the kitchen. Upstairs, the generously sized primary suite offers room for a sitting area, two walk-in closets and a spacious bath with dual vanities, a whirlpool tub and separate shower. Three additional bedrooms, a hall bath with tub/shower combination and convenient linen storage complete the upper level. There is a huge walk-up attic which could be converted into additional living space. Outdoors, a lattice covered pergola deck provides an inviting space to relax or entertain while overlooking the fenced-in backyard with raised garden beds. A two-car garage with additional storage completes this well designed home, offering a wonderful combination of character, functional spaces and delightful indoor and outdoor living.

210 Aspen Ave, Elon

$209,000

3 Beds ⋅ 3 Baths ⋅ 10194474 MLS ⋅ ACTIVE Status

Elon parents & investors, this is the one! This third floor - that means high ceilings, a vaulted living room, & a skylight! - polished rental comes fully furnished & is currently occupied with tenants. And it's fully rented through July 31, 2027, to finish out the academic year! Current Elon parent sellers have made many improvements during their 3-year ownership, including a new front door, new refrigerator/dishwasher/washer/dryer, & new LVP flooring installed in bedrooms/bathrooms in 2025. A favorite for the tenants is a beautiful & bright sunroom. A separate dining room adds valuable space to this bright & cheery condo. One last thing - & it's WONDERFUL! - the owners' most recent improvement is a brand-new HVAC system - just installed in July 2026! Priced to sell at $209,000, this well-maintained, furnished Partners Place condo is ready for YOU...come check it out SOON!

303-102 Campus Walk Trl, Elon

$279,900

3 Beds ⋅ 2 Baths ⋅ 10194074 MLS ⋅ ACTIVE Status

GREAT BUY in Elon! Lots of potential with this FIXER UPPER in established Providence Place community. Tucked away on a partially wooded lot, this home offers 1,600+ square feet with 3 bedrooms/2 baths, living & dining areas, sunroom, kitchen. Brick fireplace. Needs significant rehab/repair - being sold AS IS, no exceptions. TAX RATES=Ala Co $0.494 / Town of Elon $0.40 per $100 valuation. SCHOOLS=Highland Elem, Western Middle & High. Seller asks that all offers be submitted on NC OTP with POF or pre-approval ltr.

1232 Jamestowne Dr, Elon

$415,000

4 Beds ⋅ 3 Baths ⋅ 10193917 MLS ⋅ ACTIVE Status

DON'T MISS THIS ONE! Welcome to this Beautiful Custom Built 4 Bedroom, 2.5 Bath home in Forest Creek! This move-in-ready home features a main-level primary suite, open-concept floor plan, granite countertops, stainless steel appliances & hardwood floors throughout the main living areas. Filled with natural light, the spacious layout offers both comfort & flexibility. Upstairs, a large bonus/flex space provides the perfect opportunity for a home office, media room, playroom or additional living space. Generously sized secondary bedrooms feature large closets for excellent storage. Step outside and enjoy peaceful privacy from the screened-in porch overlooking the woods & creek or relax on the welcoming front porch. Conveniently located near Elon University, Elon Elementary, charming downtown Elon, various parks & the many shopping, dining and entertainment. A wonderful combination of space, privacy and convenience—this Forest Creek home is ready to welcome its new owner!

104 Bell Tower Ct, Elon

$445,000

4 Beds ⋅ 3 Baths ⋅ 10192306 MLS ⋅ ACTIVE Status

Light-filled, spacious, and designed for everyday living, this 4-bedroom home in Elon's Providence Place offers an impressive combination of open spaces and flexible rooms. Soaring ceilings, abundant windows, and engineered hardwood floors create an inviting feel from the moment you enter. The dramatic family room features vaulted ceilings, a gas-log fireplace, and two-story windows that fill the space with natural light. The kitchen offers granite countertops, stainless appliances, generous cabinetry, a center island, and opens to a gorgeous window-filled breakfast/sunroom overlooking the backyard. The main-level primary suite features a tray ceiling, two walk-in closets, and a spacious bath with dual vanity, jetted tub, separate shower, and private water closet. A separate main-level flex room provides an ideal home office, study, or additional living space. Upstairs, an open balcony overlooks the living area and leads to three additional bedrooms and a full bath. Additional features include main-level laundry, a rear deck, and attached two-car garage. Conveniently located near Elon University, shopping, dining, and everyday amenities, with easy access to I-85/40. Highland Elementary, Western Middle and Western Alamance High school district.

1309 Princeton Dr, Elon

$270,000

3 Beds ⋅ 1 Baths ⋅ 10189580 MLS ⋅ ACTIVE Status

A rare find—brick ranch on 2 acres with major updates and space to expand. This 3-bedroom, 1-bath home features hardwood floors throughout, a beautifully remodeled bathroom, new HVAC, updated plumbing, a new hot water heater, and a 2020 roof, giving buyers confidence from day one. The unfinished basement is a blank canvas ready for your vision. Outdoors, the fenced acreage is ideal for pets, gardening, or simply enjoying the privacy of your land. With all appliances included—including new front-load washer and dryer—this property delivers unbeatable value, modern improvements, and future potential in one package. Schedule a showing today!

216 Underwood Rd, Elon

$350,000

3 Beds ⋅ 2 Baths ⋅ 10188949 MLS ⋅ ACTIVE Status

Welcome to 1416 Stone Gable Drive in the charming town of Elon -- a beautifully maintained 4-bedroom, 2-bath home offering approximately 1,862 square feet of comfortable living space just one mile from Elon University. This move-in ready home combines thoughtful upgrades with everyday functionality. The spacious living room features a striking industrial ceiling fan and cozy gas log fireplace, creating the perfect gathering space year-round. The kitchen is equipped with a gas oven ideal for home chefs and entertaining alike. The finished garage adds exceptional versatility with built-in shelving for organized storage or workspace needs, while the full attic provides abundant additional storage space. Recent maintenance includes a serviced HVAC system for added peace of mind. Outside, the professionally installed French drainage system enhances the property's long-term durability and drainage efficiency. Conveniently located near shopping, dining, and the heart of Elon.

1416 Stone Gables Dr, Elon

$209,000

3 Beds ⋅ 3 Baths ⋅ 10188220 MLS ⋅ ACTIVE Status

LOCATION, CONVENIENCE & INVESTMENT POTENTIAL! Just 2 miles from Elon University, this fully furnished 3BR/3BA condo is ideal for Elon parents, investors, or anyone seeking convenient, low-maintenance living. Each bedroom features a private bath and walk-in closet, perfect for students, roommates, or guests. The open floor plan offers a spacious living area and kitchen, plus separate dining. Furniture, appliances, and stackable washer/dryer are included, making this truly move-in or rental ready. HOA includes water, sewer, trash, and exterior maintenance. Recently reduced and priced to sell! An excellent opportunity for parents of an Elon student to own nearby with potential to rent additional bedrooms, or for investors seeking a furnished property

203 Campus Walk Trl Unit 203, Elon

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 .