Madisonville Homes under $250,000

Madisonville Homes under $250,000

Welcome to Madisonville, Tennessee – a charming city nestled in the heart of Monroe County, where Southern hospitality meets stunning natural beauty. Known for its picturesque landscapes and friendly community, Madisonville is an ideal destination for those seeking a tranquil lifestyle without sacrificing modern conveniences. With its close-knit atmosphere, residents enjoy a slower pace of life while still being within reach of larger urban centers.

Madisonville boasts a rich history, vibrant culture, and a variety of recreational activities. The nearby Tellico Lake offers opportunities for fishing, boating, and hiking, while the scenic foothills of the Great Smoky Mountains provide breathtaking views and outdoor adventures. With a strong sense of community, Madisonville is home to local farmers' markets, annual festivals, and charming shops that reflect the town’s unique character.

For those considering a move to this delightful city, you’ll be pleased to discover an impressive selection of homes available for under $250,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, Madisonville has something to offer everyone. From quaint single-family homes with lush gardens to cozy townhouses, each property is infused with the warmth and charm that defines this lovely town.

With a low cost of living and a welcoming community, Madisonville is not just a place to live – it’s a place to thrive. Come explore the possibilities and find your dream home in this hidden gem of Tennessee!

Newest Madisonville Homes under $250,000

210 McConkey St, Madisonville
$189,900
1357170 MLS
Looking for a starter home or to downsize, this little house is just right. 2 bedrooms, 1 bath on one level. Washer and dryer connections. Newer windows and roof. HVAC replaced 2025. Fenced backyard. Convenient to town and shopping.

210 McConkey St, Madisonville
1034 Monroe Circle, Madisonville
$234,900
3 Beds ⋅ 1 Baths ⋅ 1356748 MLS
Charming 3-Bedroom Home in a Quiet, Established Neighborhood! This inviting 3-bedroom, 1-bath home offers a simple yet functional layout, making it a great choice for comfortable everyday living. Featuring fresh paint and a newly remodeled bathroom, this home has a clean, refreshed feel and is ready for its next owner. Located in a quiet, established neighborhood, this property offers a peaceful setting and a great opportunity to make it your own.

1034 Monroe Circle, Madisonville
328 Veal Hts., Madisonville
$216,000
3 Beds ⋅ 1 Baths ⋅ 1355539 MLS
Low maintenance rancher with attached single carport. 3 bedroom/1 bath on one level. Metal roof. Laminate flooring throughout. Established neighborhood. In convenient proximity to Madisonville City amenities. Property is owned by the US Dept. of HUD. HUD case # 481-495593. FHA financing IE (Insured Escrow). 203K Eligible (YES). Subject to an FHA appraisal. Buyer selects closing agent/firm. Seller makes no representations or warranties as to property condition. HUD homes are sold as-is. Equal Housing Opportunity. Housing type, age, square footage, lot size, total rooms, bedroom and bath count per HUD appraisal. Taxes per Monroe County Assessor. Water, natural gas, garbage service source per Madisonvillle Utilities. Buyer(s) to verify all information. City restrictions. www.olympusams-at.com/www.HudHhomeStore.gov. Property at cross streets of McConkey Street and Veal Heights.

328 Veal Hts., Madisonville
524 Rocky Springs Rd, Madisonville
$85,000
3 Beds ⋅ 1 Baths ⋅ 1355442 MLS
Great opportunity for a new home site with a unique piece of local history! This level lot features beautiful, mature trees and an older home with power and water already in place. An easement driveway provides access to Rocky Springs Road. The property also includes a 20x20 garage and well house. No known restrictions or zoning. The home has been part of the Wilburn family story for more than seven decades. In 1942, Zeek and Elvie Wilburn purchased the home and 14 acres for $800. At the time, the home was approximately 12 years old. The Wilburn family continued to own and care for a portion of the original 14 acres for generations. In 2020, after 78 years with the Wilburn family, the home was sold to a neighboring family. Bring your vision and make this property your own while becoming part of its long history. Whether you're looking for a new homesite or an opportunity to restore and preserve a piece of the property's past, this one is worth a look!

524 Rocky Springs Rd, Madisonville
257 McClung Rd, Madisonville
$185,000
3 Beds ⋅ 2 Baths ⋅ 1355393 MLS
Welcome home to this cozy 3-bed 2-bath home situated on .71 acres in Madisonville. With a fenced backyard, fire pit, and plenty of room to appreciate the outdoors, this property offers a comfortable place to settle in and enjoy the simple pleasures. Inside, the home has a fresh, clean, and comfortable feel, with updated paint, flooring, and newer appliances adding to its move-in-ready appeal. The 2024 installed HVAC and septic systems provide additional peace of mind, making your new place easy to feel at home in without a long list of immediate projects. Something else that makes this property so special is the setting. The flat lot provides usable outdoor space and offers peace and plenty of opportunities to revel in the beauty of nature and local wildlife while remaining conveniently located less than five minutes from Tellico Lake or 10 minutes to shopping and dining in Vonore or Madisonville. Whether you're looking for a comfortable home with room to enjoy the outdoors, a place close to the lake and mountains, or simply a cozy spot to call your own, this property offers a little bit of all three. Cherokee National Forest and the Great Smoky Mountains are also within easy reach, making this home top on your list to enjoy everything East Tennessee has to offer. **Please be sure to ask your agent to show you the complete list of updates and items that convey with this home. Buyer to verify all information, including square footage, lot size, schools, any restrictions, and other pertinent information.

257 McClung Rd, Madisonville
1004 Lincoln Drive, Madisonville
$239,900
3 Beds ⋅ 1 Baths ⋅ 1354589 MLS
Welcome to 1004 Lincoln Drive in Madisonville! This charming one-level ranch offers 3 bedrooms, 1 full bath, and approximately 1,008 square feet of comfortable living space situated on a spacious 0.43-acre corner lot with plenty of room to enjoy the outdoors. Located within Madisonville city limits, close to schools, and just minutes from downtown Madisonville, this home combines everyday convenience with the ease of one-level living. With no HOA and no restrictions, the property offers added flexibility. A one-car side-entry carport provides convenient covered parking while complementing the home's corner-lot setting. Whether you're looking for a first home, downsizing, or an investment opportunity, 1004 Lincoln Drive offers plenty of potential in a convenient Madisonville location. Schedule your showing today and see what this property has to offer! Responsive Mortgage is extending a substantial closing cost credit equivalent to 1% of the loan amount when you secure financing through Responsive Mortgage . The 1% of the loan amount can be used for rate buy down or lender credits specifically for this home. (Gold Star Mortgage Financial Group, Corporation, NMLS #3446, Equal Housing Lender. This is not a commitment to lend, and restrictions may apply)

1004 Lincoln Drive, Madisonville
194 Doc Miller Rd, Madisonville
$239,900
3 Beds ⋅ 2 Baths ⋅ 1353002 MLS
Enjoy the peace and privacy of rural living with this updated 2001 double-wide featuring a spacious addition, with all areas heated and cooled. Situated on 1.67 acres, this property offers plenty of room to enjoy the outdoors and country surroundings. Recent updates include a new HVAC system, new metal roof, new guttering, new flooring, and new appliances. With its comfortable layout, generous acreage, and numerous updates, this property is ready for its next owner to enjoy! Seller is offering a one year home warranty from First American

194 Doc Miller Rd, Madisonville
3306 Highway 411, Madisonville
$245,000
2 Beds ⋅ 1 Baths ⋅ 1352523 MLS
Explore the possibilities with this property in the heart of Madisonville! Offering 162 feet of Highway 411 road frontage, this home sits in a highly accessible location just minutes from downtown Madisonville and convenient to Loudon, Vonore, Sweetwater, and Greenback. This inviting 2-bedroom, 1-bath home offers a warm feel with a spacious kitchen and a dedicated dining room the owners began converting into a potential 3rd bedroom--ready for your finishing touches. Set on 2.3 usable acres, the property gives you room to breathe with a carport, a detached man cave, additional storage or kid hang-out space. A new metal roof installed in 2025 adds peace of mind. Sellers are in the process of completing the unfinished room to help an FHA/VA, USDA buyer! A great opportunity for buyers looking for space, flexibility, and value--this one is priced to sell. Home is being sold as is.

3306 Highway 411, Madisonville
218 Community Drive, Madisonville
$234,900
3 Beds ⋅ 2 Baths ⋅ 1351130 MLS
Beautiful farmhouse, style ranch home with open floor plan split bedroom design sitting on 1/2 level acre with large front and rear yards. New decks front and rear of home new flooring, fresh paint, new appliances. Large open living room/dining room with farmhouse style accents, separate dining area. Kitchen has huge center island with breakfast bar, farmhouse style sink new stove, new stainless steel refrigerator. Large master with walk in closet and ensuite master bathroom soaking tub/ combo shower and vanity, 2 additional guest bedrooms with guest bathroom. Home is eligible for 100% financing with USDA or VA financing also possible seller financing available.

218 Community Drive, Madisonville
569 Monroe St, Madisonville
$215,000
2 Beds ⋅ 2 Baths ⋅ 1351027 MLS
***Priced BELOW the 2025 appraisal!*** Beautifully updated and move-in ready, this charming Madisonville home offers comfort, style, and convenience in a great in-town location. Inside, you'll find luxury vinyl plank flooring throughout, two spacious bedrooms, a full bath, and an oversized half bath with excellent potential to add a tub/shower combination. Exterior updates include a durable metal roof, freshly painted front door and shutters, and inviting curb appeal. Enjoy fully fenced front and back yards, a covered carport, and a spacious back deck perfect for relaxing or watching the city's Fourth of July fireworks. The hot tub and gazebo may also remain at the buyer's discretion. Conveniently located just minutes from shopping, dining, schools, and downtown Madisonville, this home is ready for its next owner.

569 Monroe St, Madisonville
612 S Tellico St, Madisonville
$214,900
2 Beds ⋅ 1 Baths ⋅ 1349652 MLS
Location, Location! Great place if you are looking for your first home or looking to down size 2 Bedroom 1 bath. Enjoy sitting on the covered front porch in the swing and people watch on Tellico St. Large living room and dining room with hardwood flooring, Carport, laundry and access to the cellar. NEW ROOF (30 Yr. Warranty) AND NEW Central Heat & Air unit ( 10 Yr. Warranty). Great investment also would be great for a Rental, which is much needed in Madisonville.

612 S Tellico St, Madisonville
277 Thompson Rd, Madisonville
$229,400
3 Beds ⋅ 2 Baths ⋅ 1346076 MLS
BRAND-NEW manufactured home on 0.59 unrestricted acres featuring 3 bedrooms, 2 full bathrooms, an open-concept floor plan, and a permanent foundation. **Seller is open to helping with buyer closing costs, based on offer terms** May qualify for USDA and THDA financing, offering eligible buyers the potential for 100% financing (0% down). FHA, VA, Conventional, and cash financing are also welcome. The spacious primary suite includes a walk-in closet, with two additional generously sized bedrooms providing space for guests, family, or a home office. Exterior features include an 8x8 front deck and a 12x10 back deck with space for outdoor seating, grilling, and entertaining. A 6-foot fence lines the back property line for added privacy. Energy-efficient and smart-home features include a Rheem Hybrid Heat Pump Water Heater with potential annual energy savings of 40-50%, Ecobee Smart Thermostat with remote app control, whole-house dehumidifier through the ENERGY STAR program, and an E-Built HVAC system designed to improve efficiency, comfort, and indoor air quality. A 1-year builder warranty is included. Located approximately 8 minutes from Downtown Madisonville, 11 minutes from Sweetwater, and 50 minutes from Knoxville, with convenient access to shopping, dining, and everyday amenities. Schedule your private showing today!

277 Thompson Rd, Madisonville
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