Madisonville Homes under $500,000

Madisonville Homes under $500,000

Welcome to Madisonville, Tennessee—where small-town charm meets modern convenience! Nestled in the heart of Monroe County, this delightful community is a hidden gem that offers a perfect blend of natural beauty, rich history, and a welcoming atmosphere. With its picturesque landscapes, friendly neighbors, and vibrant local culture, Madisonville is the ideal place for families, retirees, and everyone in between to call home.

One of the most enticing aspects of Madisonville is the variety of homes available for under $500,000. Whether you’re searching for a cozy starter home, a spacious family residence, or a serene retreat, you’ll find an impressive selection that fits your budget. Many of these properties boast beautiful yards, updated interiors, and convenient access to local amenities. Imagine sipping your morning coffee on a charming porch or hosting weekend barbecues in your backyard oasis—all possible in this lovely town!

Madisonville is not just about homes; it's about a lifestyle. Enjoy easy access to outdoor activities, including hiking, fishing, and exploring the stunning landscapes of nearby parks. The city also features a quaint downtown area filled with unique shops, restaurants, and community events that foster a strong sense of belonging.

With its affordable housing options and a warm, inviting community, Madisonville is a place where dreams come true. If you’re ready to discover your perfect home in this enchanting town, let us guide you through the process—your new life in Madisonville awaits!

Newest Madisonville Homes under $500,000

2809 Highway 411, Madisonville
$399,000
3 Beds ⋅ 3 Baths ⋅ 1357573 MLS
Coming Soon! Showings start 10/7. Don't miss this one. Space, updates, and exceptional workshop space come together at this 3-bedroom, 3-bath home situated on approximately 1.7 unrestricted acres in Madisonville. Inside, you'll find an updated kitchen with shaker-style cabinetry and butcher block countertops, plus a partially finished basement with a rec room, home office, and full bath. Recent improvements include all-new PEX plumbing & water heater in 2024, new windows in 2021, updated light fixtures, and fresh paint. Outside is where this property really sets itself apart. A 32x24 insulated steel garage offers two garage bays, two wall-mounted A/C units, and a wood-burning stove, making it a great space for vehicles, hobbies, storage, or a workshop. An additional 18x26 tractor shed features a sliding door for easy equipment access. Toward the back of the property, an enclosed garden area with an electric fence features an established orchard with figs, thornless blackberries, blueberries, muscadine arbor, apples, and pears. 6 raised garden beds can also be found in the backyard. Located on Highway 411 North, the property offers convenient access to Madisonville with an easy route toward Maryville, Lenoir City, Loudon, and surrounding areas. The home still carries touches of its original 1970s charm, while updates over the years have focused on creating more functional living space and addressing important home maintenance. With 1.7 unrestricted acres, a partially finished basement, substantial outbuilding space, and plenty of room to make it your own, this property offers a combination of character, function, and versatility.

2809 Highway 411, Madisonville
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
126 Tonawanda Tr, Madisonville
$329,900
3 Beds ⋅ 2 Baths ⋅ 1357153 MLS
Quaint 3 bedroom 2 bath home in the Sharrill Heights subdivision in Madisonville. This home is move in ready and waiting for a new family. Large kitchen/dining area. Home features hardwood floors in the living room, office area and bedrooms. Seller is motivated.

126 Tonawanda Tr, Madisonville
1114 Rocky Springs Rd, Madisonville
$319,900
3 Beds ⋅ 2 Baths ⋅ 1356772 MLS
Enjoy the best of both worlds with this 3-bedroom, 1.5-bath home nestled in a peaceful country setting while still being conveniently located near town and shopping. The home features beautiful hardwood floors, a functional layout, and handicap-accessible features for added convenience. Outside, you'll find an old barn-style building offering additional space for storage, hobbies, a workshop, or other possibilities. If you're looking for a comfortable home with a little country charm and easy access to everyday amenities, this property is worth a look!

1114 Rocky Springs Rd, 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
200 Campground Rd, Madisonville
$350,000
4 Beds ⋅ 3 Baths ⋅ 1356643 MLS
Space, privacy, and an incredible garage setup come together at this 4-bedroom, 3-bath home situated on 1.41 acres in Madisonville. With two separate living areas, there's plenty of room to spread out, entertain, work from home, or create a flexible space that fits your lifestyle. One of the standout features is the massive attached oversized 3-car garage, offering exceptional space for multiple vehicles, an RV, workshop, recreational toys, or additional storage. Outside, enjoy the privacy of the spacious property from the huge covered front porch or relax on the screened-in back porch overlooking the peaceful surroundings. The home also features a new whole-house water filtration system, a new water heater, and an outdoor storage shed. Even better, several big-ticket extras convey with the property, including the refrigerator, washer and dryer, John Deere mower, and trailer. Offering an impressive combination of indoor and outdoor space, this property is a great opportunity for anyone looking for room to live, store, work, and play--all on their own 1.41-acre retreat.

200 Campground Rd, Madisonville
832 Big Creek Rd, Madisonville
$450,000
6 Beds ⋅ 4 Baths ⋅ 1356168 MLS
**27.79 ACRES • TWO HOMES • CREEK • RENTAL INCOME POTENTIAL • ADDITIONAL HOMESITE POTENTIAL • GREAT HUNTING LAND!** Looking for acreage, privacy, and room to spread out? This unique property offers 27.79 unrestricted acres, a creek, and two separate homes, providing plenty of possibilities for multi-generational living, rental income, or simply enjoying your own piece of East Tennessee. With multiple potential additional building locations throughout the property, there may also be opportunities for future homesites. The unrestricted acreage provides plenty of room for your animals, recreational use, and excellent hunting opportunities. The spacious main home offers 2,052 square feet with 4 bedrooms and 2 full baths. Inside, you'll find a desirable split-bedroom floor plan, cathedral ceilings in the main living areas, and a comfortable living room with a fireplace. The open kitchen features abundant cabinetry, a center island, and easy flow into the living area. A separate formal dining room provides space for special occasions, while the large family room offers plenty of room for entertaining, gatherings, or a game table. The primary suite features a spacious private bath with a corner soaking tub, walk-in shower, and an additional office or sitting area. Outside, enjoy the acreage, creek, and above-ground pool during the warmer months. City water is available at the main double-wide home, providing the opportunity to connect if desired. The second home is a single-wide offering 832 square feet with 2 bedrooms and 2 baths plus a laundry room and is currently rented, creating an opportunity for additional rental income. The single-wide is already connected to city water. With 27.79 unrestricted acres, two homes, a creek, rental income potential, multiple potential additional building locations, room for animals, and great hunting land, this property offers flexibility that's hard to find. Whether you're looking for acreage, additional living quarters, income-producing potential, recreational land, hunting property, or space for future possibilities, this property has plenty to offer.

832 Big Creek Rd, Madisonville
500 Monroe St, Madisonville
$319,000
3 Beds ⋅ 3 Baths ⋅ 1355851 MLS
This home is the one you have been waiting for. Close to town and Convenient to larger cities, with a charm that you won't want to let pass you by. A large amount of space for the family, plus a deck to suit all of your outdoor needs. Two-car garage!! Call today for your showing.

500 Monroe St, 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
127 Tonawanda Trl, Madisonville
$309,900
3 Beds ⋅ 2 Baths ⋅ 1354955 MLS
Beautiful new-construction home in Madisonville, Tennessee, featuring an open-concept layout, vaulted living-room ceiling, 9-foot ceilings throughout, luxury vinyl plank flooring, granite countertops, soft-close cabinetry, stainless steel appliances, and an attached two-car garage--all within walking distance of Kefauver Park. The spacious kitchen is designed for everyday living and entertaining, offering abundant cabinetry, generous counter space, and a large granite island with an integrated cooktop and range. Crisp cabinetry, matte-black hardware, recessed lighting, and coordinating fixtures create a clean, modern finish throughout the home. The private primary suite features an elegant tray ceiling and separate his-and-hers closets for excellent storage. Additional highlights include granite-topped bathroom vanities, matte-black fixtures, generous secondary closets, a dedicated laundry area, and durable LVP flooring throughout the main living spaces. Walk to nearby Kefauver Park to enjoy green space, a children's playground, dog park, and outdoor recreation. This convenient Madisonville location provides easy access to local shopping, dining, and everyday necessities while remaining within a comfortable drive of Knoxville, Tellico Lake, and the hiking, fishing, scenic drives, and outdoor adventures of Cherokee National Forest. Combining modern finishes, thoughtful storage, comfortable living spaces, and a convenient East Tennessee location, this move-in-ready home is one you will want to see.

127 Tonawanda Trl, Madisonville
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