Madison Homes under $500,000

Welcome to Madison, Tennessee – a vibrant community nestled in Davidson County that beautifully blends suburban charm with urban convenience. Just a stone's throw from the bustling heart of Nashville, Madison offers residents the perfect balance of tranquility and accessibility. With its rich history, diverse culture, and friendly atmosphere, it's no wonder that many are choosing to call this charming city home.

Madison boasts a variety of amenities that cater to all lifestyles. From picturesque parks and recreational facilities to local shops and dining establishments, there’s something for everyone. Families will appreciate the highly-rated schools and community programs, while outdoor enthusiasts can enjoy the scenic beauty of nearby parks and the Cumberland River.

For those seeking a new home in Madison, you’ll be delighted to discover a range of properties available under $500,000. This price point provides an incredible opportunity for first-time homebuyers, growing families, or anyone looking to invest in a thriving community. Whether you’re in search of a cozy single-family home, a modern townhouse, or a charming cottage, Madison offers an array of options to suit your needs and preferences.

With its friendly neighborhoods and a strong sense of community, Madison is not just a place to live—it's a place to thrive. Explore the possibilities that await you in this enchanting city, where your dream home is just waiting to be discovered. Come experience the warmth and welcome of Madison, TN, and find your perfect home today!

Newest Madison Homes under $500,000

$369,900

3 Beds ⋅ 3 Baths ⋅ 3626460 MLS ⋅ ACTIVE Status ⋅ 0.71 Acres ⋅ 37115 Zip Code

Three quarters of an acre inside Davidson County, under 15 minutes from downtown Nashville. Sold AS-IS. Appraised at $385,000 in 2024. 0.71 acres, 115x275, fully fenced, with the house set well back off the road behind mature hardwoods. About a half mile to I-65. Lots this size, this close in, are not something you can add later. 2,531 sq ft built in 1950, brick on the original structure with vinyl siding on the rear addition. Hardwood floors, two fireplaces in the living room and den, and a kitchen in working order. Three full baths. Two-car detached carport. The lower level is partially finished with a full bath and its own entry off the driveway. The upper level has a separate entry, a bedroom, a full bath and kitchen plumbing already run. Already done, invoices on file: foundation settlement repaired March 2024 by AFS, a Groundworks company, with carbon fiber reinforcement and IntelliBrace wall bracing; main-floor HVAC replaced March 2024 with a new 3-ton gas package system carrying 10-year parts and compressor coverage. What it needs, stated plainly so nobody wastes a trip: baths are original to 1950. The upper level is baseboard heat with no central air. There is moisture on the basement slab. The in-ground pool has been out of service several years and conveys as-is. Seller will not make repairs or credit for repairs. Cash, conventional, or renovation financing (FHA 203k / Fannie Mae HomeStyle, which fund the purchase and the work together). Will not meet FHA or VA in current condition. Bring your contractor. The price reflects the work, and the land does not.

124 W Marthona Rd, Madison

$199,999

2 Beds ⋅ 2 Baths ⋅ 3624380 MLS ⋅ ACTIVE Status ⋅ 0.01 Acres ⋅ 37115 Zip Code

Move-in ready and full of fresh updates! This home features freshly painted walls, newly painted cabinets, newer lower kitchen cabinets, and brand-new carpet. Enjoy added peace of mind with a new HVAC system and a new roof. With these recent improvements, this home is ready for its next owner to make it their own. Don't miss this great opportunity!

159 Heritage Trace Dr, Madison

$330,000

3 Beds ⋅ 2 Baths ⋅ 3624323 MLS ⋅ COMING SOON Status ⋅ 0.18 Acres ⋅ 37115 Zip Code

Charming 3 Bedroom and 2 Full Bath Home! Offers Beautiful Laminate Flooring, Custom Bamboo Shades, and Large Kitchen with Stainless Steel Appliances. Freshly Stained Back Deck that leads down to Spacious Backyard with a Stone Firepit and Privacy Fence. Tall crawl space, perfect for additional storage/tools/work area. Great Location!!

1527 Mohawk Trl, Madison

$230,000

3 Beds ⋅ 2 Baths ⋅ 3624181 MLS ⋅ ACTIVE Status ⋅ 0.2 Acres ⋅ 37115 Zip Code

Home being sold AS-IS. Calling all investors. House has potential with lots of yard space. Less than 10 minutes from the upcoming renovation to the Rivergate area. Bring your imagination.

1048 Cheyenne Blvd, Madison

$289,999

2 Beds ⋅ 1 Baths ⋅ 3624141 MLS ⋅ ACTIVE Status ⋅ 0.21 Acres ⋅ 37115 Zip Code

FULLY REMODELED & PRICED TO SELL!! Just 20 minutes to Downtown Nashville, this home is boasting with fresh finishes, modern updates, and an unbeatable combination of convenience and value! This beautifully remodeled 2 bedroom, 1 bath home in Madison is ready for its next chapter. Step inside to discover brand-new flooring throughout, fresh interior paint along with an updated kitchen featuring gorgeous butcher block countertops and brand new appliances. Thoughtful updates bring a fresh, inviting feel to this charming home, making it easy to move right in and enjoy! Outside, enjoy a usable backyard with room to relax, entertain, garden, or simply unwind, plus a porch perfect for enjoying your morning coffee or entertaining. Conveniently located near shopping, dining, and everyday essentials, with Downtown Nashville being a quick and easy 20 minute drive. Whether you're looking for a place to call home or your next investment opportunity, this property offers plenty of possibilities at an attractive price point. Schedule your showing today to see the transformation for yourself!

542 E Maple St, Madison

$369,900

2 Beds ⋅ 2 Baths ⋅ 3623443 MLS ⋅ ACTIVE Status ⋅ 0.22 Acres ⋅ 37115 Zip Code

Get a 4.99 rate using preferred lender, zero down payment options available, — contact buyers agent to learn more. Completely reimagined and move-in-ready, this 2 bed / 2 full bath home on a .22-acre lot has been remodeled top to bottom, with nearly every major system and surface updated or replaced. Outside, you’ll find a new roof and gutters, energy-efficient windows, all-new exterior doors, fresh premium paint, and a brand-new concrete driveway with ample parking. Behind the walls, the home has a brand-new HVAC system with all-new ductwork, plus crawl space mitigation with a new vapor barrier. Inside, durable LVP flooring runs seamlessly throughout, complemented by fresh paint on walls, ceilings, and trim, new interior doors, updated trim work, and recessed lighting throughout. The fully remodeled kitchen features quartz countertops and new cabinetry, and both bathrooms have been redone with modern fixtures and vanities. The home is within walking distance of the upcoming Madison Station, a planned 30+ acre mixed-use development with retail, dining, and green space. Big-ticket items are done, so you can simply move in and enjoy.

222 Neelys Bend Rd, Madison

$300,000

3 Beds ⋅ 1 Baths ⋅ 3623380 MLS ⋅ ACTIVE Status ⋅ 0.49 Acres ⋅ 37115 Zip Code

House currently empty. Needs updates. Parcel can be subdivided into 2 lots for future development.

204 Larkin Springs Rd, Madison

$250,000

3 Beds ⋅ 1 Baths ⋅ 3623378 MLS ⋅ ACTIVE Status ⋅ 0.15 Acres ⋅ 37115 Zip Code

House needs work.

159 Welworth St, Madison

$300,750

2 Beds ⋅ 2 Baths ⋅ 3623361 MLS ⋅ ACTIVE Status ⋅ 37115 Zip Code

ALL NEW HUDSON PLAN! Resort-style, gated living with a pool, gym, and dog park—just minutes from East Nashville and only one turn to downtown—sets this Chadwick opportunity apart from anything else nearby. First-phase pricing makes owning for the price of rent possible while positioning you in a community designed for long-term value and generational ownership. Inside, the Hudson delivers smart, vertical living that separates everyday life from work and downtime, creating a home that feels intentional and efficient. A private third-floor primary suite as an oversized primary bedroom for a home it its size along with a wonderful walk in closet. This elevated outdoor space gives you rare, usable privacy for morning coffee or evening resets without yard maintenance. Assigned parking adds daily convenience, and as a buildable plan, you can personalize finishes to match your lifestyle.

308 Mulberry Ter Unit A, Madison

$299,900

2 Beds ⋅ 3 Baths ⋅ 3623355 MLS ⋅ ACTIVE Status ⋅ 37115 Zip Code

Live inside a gated townhome community designed for walkable, low-maintenance living with sidewalks, streetlights, and a dedicated dog park all while overlooking a central courtyard that brings light and energy to your daily routine. This three-story end-unit t delivers added privacy and abundant natural light, paired with a layout that lives larger than expected. The second-floor open-concept kitchen anchors the home with generous cabinetry, and a true pantry, making it ideal for everyday living and entertaining alike. On the first floor, a deep tandem-style garage provides exceptional storage flexibility, while a private covered patio creates a quiet spot for grilling or unwinding outdoors. Upstairs, the third floor is a true retreat with two well-sized bedrooms, each with walk-in closets, two full baths, and a thoughtfully placed laundry room for convenience. Positioned for lifestyle, light, and function, this end-unit offers the ease of townhome living without sacrificing space or comfort—schedule your tour before courtyard-facing opportunities are gone.

700 N Dupont Ave Unit #108, Madison

$269,500

2 Beds ⋅ 2 Baths ⋅ 3623324 MLS ⋅ ACTIVE Status ⋅ 0.05 Acres ⋅ 37115 Zip Code

Beautifully remodeled and move-in ready! This charming, single-level condo offers the convenience of one-level living with no interior stairs! Featuring fresh paint throughout, new flooring with absolutely no carpet, an updated kitchen, and beautifully remodeled bathrooms with modern finishes. The thoughtfully refreshed interior creates a bright, clean, and inviting atmosphere. Nestled in a quiet neighborhood, with convenient access to major interstates, nearby hospitals, shopping, dining, and downtown Nashville. Enjoy low-maintenance living in this beautifully updated home!

803 Lewis Ct, Madison

$390,950

3 Beds ⋅ 3 Baths ⋅ 3623127 MLS ⋅ ACTIVE Status ⋅ 37115 Zip Code

Move in before the holidays! Last Avery unit this year! Resort-style, gated living with a pool, gym, and dog park—just minutes from East Nashville—sets this Avery home apart as one of the strongest lifestyle values in Madison. Located in Chadwick, one of the most attainably priced gated communities in Davidson County delivers amenities most buyers expect to cost far more, all in a location that keeps you close to the energy of the city. Inside, the plan is designed for real flexibility, featuring three full bedrooms and 3.5 baths.The primary suite stands out with generous proportions and exceptional closet space, giving you a true retreat at the end of the day. An open main living level supports everyday ease and entertaining, while the layout creates natural separation between living and sleeping spaces.

114 Chadwick Ct, Madison

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.

Madison Homes under $500,000

Newest Madison Homes under $500,000

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