Allen Homes under $500,000

Welcome to Allen, Texas – a vibrant city nestled in the heart of Collin County, where community spirit meets modern living. Just a short drive from the bustling city of Dallas, Allen offers the perfect blend of suburban charm and urban convenience, making it an ideal place for families, young professionals, and retirees alike.

Allen is renowned for its excellent school districts, lush parks, and a plethora of recreational activities. With over 1,000 acres of parkland, residents can enjoy walking trails, sports fields, and serene picnic spots. The city's commitment to community is evident in its numerous events throughout the year, including the popular Allen USA Celebration and the annual Scare on the Square.

For those seeking a home in this thriving city, Allen boasts an impressive selection of homes priced under $500,000. Whether you’re looking for a cozy single-family home, a contemporary townhouse, or a spacious property with a backyard oasis, Allen has something to suit every taste and budget. These homes often feature modern amenities, open floor plans, and are located within close proximity to shopping centers, dining options, and top-rated schools.

With a strong sense of community, a variety of housing options, and an enviable location, Allen is more than just a place to live – it’s a place to thrive. Discover your dream home in this charming city and experience the best that Texas has to offer!

Newest Allen Homes under $500,000

$390,000

3 Beds ⋅ 2 Baths ⋅ 21411934 MLS

Rare investment opportunity. No HOA! This 3 bedroom 2 bath charming Allen home is currently tenant occupied. North Facing home located in neighborhood has close access to Hwy 75, various sport fields, duck ponds at Celebration park, shopping, entertainment and shopping at Fairview, and Village at Allen. Home sits on corner lot with spacious fenced backyard, storage shed. Inside home features sun room with skylight that fills home with natural light, vaulted ceiling and gas starter stone fireplace in main living area. Eat in kitchen with stainless steel refrigerator, microwave and oven. Primary bathroom with separate shower, garden tub and dual sinks.High-efficiency 14.3 SEER24-ton gas split hvac system. Installed July 2025. Carpet and padding installed May 2025. Currently tenant occupied.

1400 Exchange Pkwy, Allen

$425,000

4 Beds ⋅ 2 Baths ⋅ 21411352 MLS

INCREDIBLE BUYER INCENTIVES: $6,000 MORTGAGE CONCESSION. Opendoor Home Loans will contribute up to $6,000 towards a permanent interest rate buy-down if you finance with Opendoor Home Loans LLC. Welcome to 711 Rush Creek Dr, Allen TX 75002, a charming property nestled in the serene Fountain Park Third Section (Cal) subdivision. Built in 1981, this home boasts a generous over 2,000 square feet of living space. The interior has been tastefully updated with partial flooring replacement, adding a touch of modern elegance. The kitchen is a chef's dream, featuring stunning quartz countertops that are both stylish and durable. The property also offers a private pool, perfect for cooling off on hot summer days or hosting poolside gatherings. This home, located in the peaceful city of Reed, Allen, offers a comfortable and tranquil living experience. Don't miss out on this unique opportunity to own a piece of tranquility. Home comes with a 100-Day Home Warranty

711 Rush Creek Dr, Allen

$435,000

4 Beds ⋅ 3 Baths ⋅ 21410086 MLS

INCREDIBLE BUYER INCENTIVES: $6,000 MORTGAGE CONCESSION. Opendoor Home Loans will contribute up to $6,000 towards a permanent interest rate buy-down if you finance with Opendoor Home Loans LLC. Welcome to 441 Trinity Dr, Allen TX 75002, a stunning property in the Spring Meadow (Cal) subdivision. Built in 2001 by Olson, Allen, this home boasts over 2,000 square feet of living space. The interior has been refreshed with a fresh coat of paint, giving it a modern and inviting feel. The kitchen is a chef's dream, featuring gleaming quartz countertops that were part of the 2026 renovation. This home is a testament to timeless elegance and contemporary convenience, offering a unique opportunity to live in a sought-after neighborhood. Don't miss out on this gem!. Home comes with a 100-Day Home Warranty

441 Trinity Dr, Allen

$320,000

4 Beds ⋅ 2 Baths ⋅ 21402779 MLS

Welcome to this charming single-family home in the heart of Allen, Texas! Featuring 4 bedrooms and 2 bathrooms, this move-in-ready sanctuary perfectly blends modern updates with functional everyday living. Step inside to discover an inviting, light-filled layout with a seamless flow for entertaining or relaxing. The updated kitchen features crisp finishes, sleek counter space, and an ideal setup for weekday mornings and weekend hosting. With four versatile bedrooms, you have all the flexibility needed for a growing family, a dedicated home office, or guest accommodations. Out back, your private retreat awaits. A brand-new fence surrounds a spacious yard, offering peace of mind and the perfect backdrop for pets, outdoor dining, or casual summer barbecues. Fresh, new siding enhances the home's curb appeal while ensuring low-maintenance durability for years to come. Location is everything, and this property truly delivers. Enjoy serene, unobstructed views of nearby Ford Park right from your doorstep—giving you instant access to green space, walking trails, and playgrounds—all while being served by top-tier, highly rated Allen ISD schools. Turnkey, stylish, and full of potential, this inviting home is ready for its next chapter. Don’t miss the opportunity to make it your own!

630 Valley View Dr, Allen

$385,000

3 Beds ⋅ 3 Baths ⋅ 21409251 MLS

Immaculate, well maintained TOWNHOME in lovely West Allen location. 3 bed, 2.5 bath close to restaurants and Allen Outlet.2-car Garage features a spacious & open living room, vaulted ceilings & windows across the entire rear side downstairs to provide lots of natural light and view of the fenced backyard. Kitchen boasts granite countertops & stainless appliances. Wonderful location close to retail and parks. Great investment. Hwy 75 is minutes to the East and the 121 tollway is minutes north.

1040 Lucy Ln, Allen

$499,900

4 Beds ⋅ 2 Baths ⋅ 21408045 MLS

Built by Paul Taylor, the quality and construction of this single story home is evident throughout. With a living and dining area separated at the front of the house, the layout offers options for hosting card games, dinner parties or enjoying quiet nights at home. The kitchen opens to the family room with windows that overlook the cocktail pool in the backyard. Primary bedroom is on one side of the family room with the secondary bedrooms and bathroom on the other.

742 Yellowstone Dr, Allen

$309,900

3 Beds ⋅ 2 Baths ⋅ 21408667 MLS

FREE 2-1 Rate Buydown or ZERO DOWN program available with preferred lender! Completely updated 3-bedroom, 2-bath home on an HUGE corner lot directly across from a neighborhood playground and is zoned to the highly acclaimed Allen ISD, offering the perfect blend of style, comfort, and convenience. A contemporary renovation inside & out has brought this solid built charming home into the 21st century with a bright & flowing open floor plan that makes the house feel a lot bigger than the actual square footage! Completely remodeled from top to bottom, this move-in ready home features fresh interior and exterior paint, new flooring throughout, a stunning remodeled kitchen with updated cabinetry, countertops, and brand-new stainless steel appliances, plus two fully renovated bathrooms showcasing stylish, contemporary finishes. Major behind-the-scenes improvements include all new plumbing beneath the home, providing valuable peace of mind. A new privacy fence completes the extensive list of upgrades, making this home as functional as it is beautiful. The expansive corner lot provides exceptional curb appeal and plenty of space for entertaining, gardening, pets, or creating your dream backyard. Enjoy the convenience of having a neighborhood playground just across the street, while being only minutes from premier shopping, dining, parks, recreation, and major highways for an easy commute. Whether you're a first-time homebuyer, growing family, investor, or someone looking for a turnkey home in one of Allen's most desirable communities, this property offers incredible value in an exceptional location. With quality renovations throughout, a premium corner lot, top-rated Allen ISD schools, and easy access to everything Allen has to offer, 542 Hanover Dr. is truly move-in ready and waiting for its next owner. Schedule your showing today!

542 Hanover Dr, Allen

$372,000

3 Beds ⋅ 3 Baths ⋅ 21408619 MLS

This beautiful townhome opportunity in one of Allen's most convenient and well connected areas. Located within minute of HWY 75 and 121, this home provides easy access to major employment centers, top- rated schools, and wide range of retail and dining. Situated in the sought-after Montgomery Ridge area, residents enjoy close proximity to Watters creek village shopping center, Allen Premium Outlets, The Village at Allen, Topgolf, Allen Event Center, and numerous parks and walking trails, Daily errands, shopping, and living spaces, and an efficient flow designed for low-maintenance living. One standout feature with rare opportunity to own a home directly across from a scenic greenbelt, providing unobstructed views, added privacy, and a true connection to nature. Which really enhance the natural beauty of surrounding. It is ideal for pets. 1837 Valencia Dr is an exceptional option in a highly desirable location. It has beautiful pool area in summer to cool down.

1837 Valencia Dr, Allen

$474,990

4 Beds ⋅ 3 Baths ⋅ 21404973 MLS

This two-story home in Bethany Ridge Estates offers 4 bedrooms, 2.5 bathrooms, and approximately 2,609 square feet. Recent updates include a new roof and water heater in 2025, fresh interior paint and new carpet in 2026, and a remodeled primary bathroom in 2026. The first-floor HVAC was replaced in 2020, and the second-floor HVAC in 2017. The home features high ceilings, large windows, and a spacious living room with a brick fireplace. The kitchen offers granite countertops, a center island, stainless steel appliances, and freshly painted cabinets. Formal dining and additional living spaces provide room for family gatherings and everyday use. The primary suite features a remodeled bathroom with quartz countertop, while the upstairs bedrooms and game room offer flexible space for family, guests, or a home office. The home sits on a generously sized lot in an established neighborhood, with convenient access to shopping, dining, parks, and schools in Allen.

1422 Suzanne Dr, Allen

$499,000

4 Beds ⋅ 3 Baths ⋅ 21407360 MLS

Rare 4 bedroom 2.5 bath home in the Summerfield neighborhood in Allen for under $500K. Sitting on a quiet cul-de-sac less than a block away from the park and pool. This home is a great place to entertain with an open floor plan and a spacious kitchen. Several built-in features including multiple desk spaces perfect for homework or as an extra space to work from home. Split bedroom plan with spacious primary including a large frameless glass shower and walk in closet in primary bath. Plus the extra wide hallways makes it handicap accessible, if needed. Home is also available to rent. It's more than just the outstanding schools, come see what makes Allen one of the best places to live in DFW!!!

1601 Long Prairie Ct, Allen

$450,000

4 Beds ⋅ 2 Baths ⋅ 21403214 MLS

Mature trees frame this beautiful 4-bedroom, 2-bath home in Allen, where an open floor plan makes both everyday living and entertaining easy. The spacious family room centers on a cozy fireplace, and the bright, modern kitchen keeps the whole home feeling light and airy. Recent 2026 upgrades include a new roof, water heater and a primary bathroom refresh, including a frameless glass shower, new flooring, a new light fixture, painted cabinets, and new hardware. Outside, a covered patio is ready for morning coffee or shaded afternoons, and the attached 2-car garage adds plenty of parking and storage. Move-in ready and thoughtfully updated, this great home is ready for its new owner.

741 Lauren Way, Allen

$415,000

3 Beds ⋅ 2 Baths ⋅ 21397826 MLS

Charming single-story home in Allen, TX can now be yours! Low maintenance and move-in ready, this home is ideally located near the Allen-Plano border, offering comfort, convenience, and easy access to 75, 121, and the Dallas North Tollway. Originally built as the community’s model home, this home offers several features above and beyond what you'd normally expect. Recent updates include fresh paint and brand-new carpet in 2026, garage door opener 2024, roof and gutters 2023, and hot water heater 2019. Fresh landscaping provides tremendous curb appeal, with attractive stone landscape beds and Zoysia grass in the front yard. Home feeds into award winning Plano ISD with Beverly Elementary within walking distance. Inside, you’ll find 3 large bedrooms, a dedicated home office, multiple spacious living areas, open kitchen with built in desk area, large primary suite with two closets, plantation shutters, built-in speakers, decorative lighting, and so much more. Extra insulation has been added in the attic spaces to help improve energy efficiency and keep utility costs down, while an ADT security system provides additional peace of mind. There’s even a hidden storage room providing valuable extra space if needed. The garage includes a 220-volt hookup and custom lighting to help with weekend projects. Downspouts on east side of home connect to underground piping, directing water out to the alley to improve drainage. Out back, enjoy a low-maintenance yard with abundant shade and a large patio area, offering a comfortable outdoor space without the need for continuous upkeep. Located in a convenient part of Allen near the Plano border, this home provides easy access to shopping, dining, entertainment, major roadways, and everything the surrounding area has to offer. Clean, cute, freshly updated, meticulously maintained, and truly move-in ready, this is an excellent opportunity to own a single-story home in a highly convenient location. Come visit today!

2043 Nottingham Pl, Allen

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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