Raleigh Homes under $400,000

Welcome to Raleigh, North Carolina—a vibrant city that beautifully blends southern charm with modern sophistication. As the capital of North Carolina and the second-largest city in the state, Raleigh is renowned for its rich history, lush green parks, and an ever-evolving cultural scene. Nestled in Wake County, this dynamic city is part of the Research Triangle, which includes Durham and Chapel Hill, making it a hub for education, technology, and innovation.

For those seeking a home in this thriving metropolis, you’ll be delighted to discover that there are fantastic options available for under $400,000. The Raleigh real estate market offers a diverse array of homes, from charming bungalows in historic neighborhoods to contemporary townhouses in new developments. These affordable homes provide not only comfort and style but also access to the city’s top-rated schools and amenities.

Imagine living just minutes away from the bustling downtown area, where you can explore an array of restaurants, shops, and local attractions. Enjoy weekend strolls in one of Raleigh's many parks, such as Pullen Park or William B. Umstead State Park, perfect for outdoor enthusiasts and families alike. With a mild climate and a strong sense of community, Raleigh is an ideal place to call home.

Whether you’re a first-time buyer or looking to downsize, Raleigh’s real estate market under $400,000 offers something for everyone. Discover your dream home in this captivating city and experience all that Raleigh has to offer!

Newest Raleigh Homes under $400,000

$230,000

2 Beds ⋅ 2 Baths ⋅ 770312 MLS

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 Lane, Raleigh

Listing courtesy of THE BROWN KEYS REAL ESTATE. Contact:

$374,000

3 Beds ⋅ 3 Baths ⋅ 100607710 MLS

Welcome home to 8203 Shadow Stone Court! Tucked away in a peaceful, tree-lined cul-de-sac within NW Raleigh's highly desirable Cornerstone Park, this charming home is priced aggressively below county tax value--offering a rare, immediate equity opportunity you won't want to pass up. Designed for easy living and total peace of mind, major updates have already been taken care of for you! NEW roof, NEW luxury vinyl plank (LVP) flooring throughout the ENTIRE home--100% carpet-free! The light-filled, open layout invites you in with a cozy fireplace and a delightfully updated kitchen featuring NEW countertops, a NEW farmhouse sink, a NEW dishwasher, and sleek stainless steel appliances. Upstairs, unwind in your serene primary suite complete with elegant tray ceilings and a private en-suite bath. To help you truly make this space your own, the seller is offering a credit at closing, allowing you to choose your very own custom paint colors before move-in day! Step outside to relax in your private backyard setting or take advantage of fantastic community amenities, including the neighborhood pool and clubhouse. All of this is located just minutes from I-540, top-rated schools, local dining, and scenic greenway trails. With major updates completed, zero carpet, and a price point well below assessment, this home is priced to sell fast. Don't wait--schedule your tour today and lock in instant NW Raleigh equity before it's gone!

8203 Shadow Stone Ct, Raleigh

Listing courtesy of Keller Williams - OBX. Contact:

$319,900

2 Beds ⋅ 2 Baths ⋅ 100607097 MLS

Prime North Raleigh location! This charming 2-bedroom, 2-bath townhome in desirable Wycombe Manor features a NEW ROOF IN 2024! Beautiful solid Southern Red Oak hardwood flooring flows throughout the home. Spacious vaulted Great Room features a cozy fireplace and opens to the dining area. Kitchen offers granite counters, stainless steel appliances, elegant tile backsplash, and pantry. Spacious owner's retreat features a large walk-in closet, while the second bedroom offers hardwood flooring and a nice-sized closet. Enjoy outdoor living on the rear deck with durable TREX decking, plus convenient attached storage. Situated on a corner lot, this home offers easy living with wonderful community amenities. HOA includes access to a large community pool with two diving boards, lifeguards, snack shack, and waterslide, as well as tennis courts and clubhouse. Conveniently located within walking distance to shopping, restaurants, and everyday conveniences! Don't miss this one!

8407 Wycombe Ln, Raleigh

Listing courtesy of WPI Realty LLC. Contact:

$271,900

2 Beds ⋅ 2 Baths ⋅ 769606 MLS

Located in the desirable Brier Creek area. Welcome home to this beautifully maintained corner-unit condo in Raleigh, offering the perfect blend of comfort, style, and convenience. This inviting 2-bedroom, 2-bath residence features a dedicated office, ideal for today's flexible lifestyle. Enjoy a spacious dining and kitchen area designed for effortless entertaining and everyday living. Thoughtful interior finishes include hardwood, luxury vinyl plank, and carpet flooring, creating warmth and character throughout. An attached garage provides added convenience and storage. Recent updates include a new HVAC system in 2025, duct cleaning, two new toilets, new tile in the master bathroom, a storm door off the kitchen, and doorways accessible for wheelchairs. Living room and hallway flooring were also replaced in 2025. With its desirable corner location and well-appointed layout, this home is a standout opportunity for buyers seeking low-maintenance living in a prime Raleigh/Durham location. Close to shopping and medical services. Near RDU airport. This neighborhood offers tennis courts, swimming pools, and gym equipment.

11310 Clubhaven Place Unit 103, Raleigh

Listing courtesy of ADCOCK REAL ESTATE SERVICES. Contact:

$375,000

2 Baths ⋅ 100604161 MLS

Amazing views of downtown Raleigh from this lot in Caraleigh Mills! Investors and Developers, this is the one!! With a cemetary across the street, no other homes can go up to impede the amazing view a home has from this lot of downtown Raleigh. Current home can be rehabbed, but with larger homes selling in the neighborhood and right beside it, it's time to take advantage of all this lot has to offer. Current home is habitable, but the value is in the lot.

149 Prospect Ave, Raleigh

Listing courtesy of EXP Realty LLC - C. Contact:

$285,000

4 Beds ⋅ 3 Baths ⋅ 100601714 MLS

Investor opportunity in Raleigh's Chastain subdivision. This 4-bedroom, 2.5-bath home offers approximately 2,569 sq ft and is ready for an investor looking for a value-add property with a straightforward renovation scope. The home primarily needs cosmetic updates, including flooring, interior finishes, cleaning, and general repairs, with a newer HVAC unit already in place. One bathroom has had a prior leak repaired but will need to be reassembled and finished. Property is being sold AS-IS, and the seller will make no repairs. Cash or conventional financing only. Great opportunity for a fix-and-flip, renovation project, or investor looking to bring a well-sized home in an established Raleigh neighborhood back to market condition.

6044 Ricker Rd, Raleigh

Listing courtesy of eXp Realty. Contact:

$399,000

3 Beds ⋅ 3 Baths ⋅ 100601582 MLS

Welcome to Mulberry Park in highly sought-after Brier Creek area! This beautifully situated end-unit townhome offers one of the largest corner lots in the community at approximately .06 acres, providing an exceptional amount of outdoor space and privacy. Best of all, this is a virtually maintenance-free lifestyle, allowing you to spend less time on exterior upkeep and more time enjoying your home and everything the Brier Creek area has to offer.The large screened-in back porch is a true highlight and the perfect place for morning coffee, entertaining friends, or simply relaxing and enjoying the fresh air. The porch overlooks the oversized corner and backyard, creating a wonderful outdoor extension of the home's living space.Inside, the thoughtfully designed floor plan offers the convenience of a first-floor primary suite, making everyday living easy and comfortable. The spacious kitchen features stainless steel appliances, including a gas range, a large island, and abundant cabinet space. The eat-in kitchen flows seamlessly into the family room, where a vaulted ceiling, cozy corner fireplace, and sliding glass doors create a warm and inviting gathering space. Those doors open directly to the expansive screened porch and beautiful yard.A versatile flex room at the front of the home offers endless possibilities and can serve as a dining room, living room, home office, music room, or whatever best suits your lifestyle. The main level also includes a convenient laundry room with washer and dryer and a half bath.Beautiful, recently refreshed carpeting leads upstairs to two additional bedrooms, a comfortable loft overlooking the family room, and a spacious bonus room. The bonus room is the perfect retreat for movie nights, hobbies, a quiet library, game room, or whatever your imagination can dream up. The loft provides yet another flexible gathering space while overlooking the dramatic family room below. Recent major improvements provide added peace of mind, including a tankless water heater installed in 2024 and a new heating and cooling system installed in 2025.Location is another tremendous advantage. Situated in the heart of Brier Creek, you'll enjoy easy access to major roadways including I-40, I-540, and US-70, making commuting to work, RDU International Airport, Research Triangle Park, Raleigh, Durham, and beyond remarkably convenient. Shopping, restaurants, entertainment, and recreation are all close by. Golf and entertainment are just minutes away, with TriGolf approximately 2 minutes away and Topgolf about 12 minutes away. With its desirable end-unit location, one of the community's largest corner lots, expansive screened-in porch, first-floor primary suite, flexible living spaces, virtually maintenance-free lifestyle, and significant recent updates, this Mulberry Park townhome offers the ideal combination of comfort, convenience, flexibility, and location. Come see why Brier Creek continues to be one of the area's most sought-after places to call home!

10163 Bessborough Dr, Raleigh

Listing courtesy of Premier Agents Network. Contact:

$190,000

2 Beds ⋅ 2 Baths ⋅ 100601184 MLS ⋅ Richland Run BLDG.

Top floor condo just waiting for your own personal touches! Make this condominium conveniently located to the Lenovo Center, Carter-Finley stadium, and so many restaurants and shopping that Raleigh has to offer! This home opens to a cozy Living room with a Gas log fireplace and sliding glass doors that lead to the covered balcony overlooking woods with plenty of privacy. The balcony also provides another access to the ground level and the units storage room. The primary bedroom is privately located with it's own bathroom. The second bedroom can also be opened to the Living room to use as an office or den if so desired and shares the 1/2 bath for guests as well. Check out this charming condo and be ready to bring your imagination to life!

4621 Timbermill Ct Unit 304, Raleigh

Listing courtesy of EXP Realty LLC - C. Contact:

$369,900

3 Beds ⋅ 2 Baths ⋅ 100599288 MLS

Enjoy the ease of one-level living with room to spread out on a spacious 0.71-acre lot in this inviting 3-bedroom, 2-bath home. Inside, the vaulted living room creates an open, airy setting for everyday relaxation and gathering, while the split-bedroom floor plan provides comfortable separation between the primary suite and secondary bedrooms. The back deck extends daily living outdoors with space for morning coffee, grilling, outdoor dining, or simply taking in the generous yard. An attached two-car garage provides convenient parking and storage, while a separate storage shed offers additional space for lawn equipment, tools, and outdoor essentials. Several practical improvements have already been completed, including replacement windows, gutter guards, an encapsulated crawl space, a roof replaced in 2021, and an HVAC system replaced in 2024. Convenient access to shopping, dining, and everyday essentials rounds out a home that blends a functional floor plan, useful storage, ample outdoor space, and thoughtful updates for comfortable everyday living. A $3000 credit is offered by a preferred lender - Crystal Vroman from Alta Home Lending.

1101 Tyler Farms Dr, Raleigh

Listing courtesy of EXP Realty LLC - C. Contact:

$394,250

4 Beds ⋅ 3 Baths ⋅ 768155 MLS

Welcome to 1326 Cross Link Rd, a well-built 2,506 sq ft conventional-style two-story home offering 4 bedrooms and 2.5 baths on a generous 1.5-acre lot in Raleigh's prime district. Built in 1995, this home offers a functional layout, ready for your personal touch. Inside, cozy up by the fireplace on cooler evenings, Step outside and create the perfect spots to unwind or entertain. This property offers rare space and privacy so close to the city, with plenty of room to garden, play, or expand. Conveniently located with easy access to Raleigh's surrounding neighborhoods, this home is a great fit for buyers seeking space, comfort, and long-term potential.

1326 Cross Link Road, Raleigh

Listing courtesy of VYLLA HOME. Contact:

$215,500

1 Beds ⋅ 2 Baths ⋅ 767861 MLS

This sweet apartment is a dream. Ground level space with coded entry for your safety in mind. Updated through out and a covered porch to enjoy the evenings. Parking is convenient for you and your guest. This tiny but mighty space will not last long. Schedule your showing today

900 Canenaugh Drive Unit 101, Raleigh

Listing courtesy of SOLD IN CAROLINA REALTY. Contact:

$379,900

3 Beds ⋅ 3 Baths ⋅ 100594733 MLS

SPACE and CONVENIENCE come together at 6015 Kayton Street in the sought-after 5401 North Community in Raleigh. This 3-bedroom, 3.5-bath townhome offers 1,771 square feet of bright, open-concept living where the kitchen, dining, and living areas flow together seamlessly -- the perfect setup for both relaxed everyday living and easy entertaining. Upstairs, you'll find not one but two private en-suite bedrooms, each with its own full bath and walk-in closet -- ideal for hosting guests, a roommate arrangement, or a dedicated home office suite. A convenient main-floor half bath, thoughtful storage throughout, and an attached single-car rear-entry garage make the most of every square foot. Life at 5401 North means resort-style amenities right outside your door: a community pool, fitness center, clubhouse, dog park, and jogging trails, plus direct access to the Raleigh Greenway. With I-540 just minutes away and shopping, dining, and local favorites like HeyDay Brewing nearby, everything you need is within easy reach. Open-concept space where you want it, unbeatable convenience where you need it -- schedule your showing today!

6015 Kayton St, Raleigh

Listing courtesy of The Thomas Parker Realty Group. Contact:

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