University Area Homes under $500,000

University Area Homes under $500,000

Welcome to the vibrant University Area of Houston, Texas—a neighborhood that perfectly blends academic energy with urban living. Known for its proximity to several esteemed institutions such as the University of Houston and Texas Southern University, this area is a hub of culture, innovation, and youthful exuberance.

The University Area boasts a diverse community, making it an ideal place for students, professionals, and families alike. From trendy cafes and eclectic shops to lush parks and cultural venues, there’s always something happening here. With a rich tapestry of dining options, you can enjoy everything from gourmet meals to delicious food trucks, all within a stone’s throw from your doorstep.

For those seeking to invest in a home in this dynamic neighborhood, you’ll be pleased to discover a range of properties available under $500,000. Whether you’re looking for a cozy apartment, a charming bungalow, or a modern townhouse, the University Area offers a variety of options to suit your lifestyle and budget. Many homes in this price range feature contemporary designs, spacious layouts, and easy access to public transportation, making commuting a breeze.

Moreover, the University Area is not just about affordability; it’s also about potential. With ongoing developments and a growing demand for housing, investing here means securing a promising future in a thriving community.

Explore the possibilities in the University Area, where vibrant living meets smart investment. Your dream home awaits!

Newest University Area Homes under $500,000

5130 Live Oak St, Houston
$350,000
2 Beds ⋅ 2 Baths ⋅ 56316176 MLS ⋅ ACTIVE Status
Fabulous opportunity to purchase 12,000+ sqft lot in heart of the 3rd Ward. Priced at Lot value - elevated lot with mature trees and easy access, this tract has high redevelopment potential. Home is being sold AS IS, includes two bedrooms, two bathrooms, large kitchen, living and family rooms, providing the opportunity to renovate or explore redevelopment opportunities. Conveniently located near Texas Southern University, U of H, downtown Houston, Medical center, major highways, restaurants and entertainment. This property offers a substantial lot in an established and centrally located Houston neighborhood with redevelopment potential.

5130 Live Oak St, Houston
6714 Tierwester St, Houston
$499,900
4 Beds ⋅ 4 Baths ⋅ 51607733 MLS ⋅ ACTIVE Status
Introducing one of Nima Homes' flagship residences in South Union, a rare true two-story four bedroom single-family home in an area known for vertical construction. Set on an oversized 6,600 square foot lot, this modern farmhouse features a huge fenced backyard, covered patio and attached two-car garage. Enjoy convenient access to the Texas Medical Center, Hermann Park, Houston Zoo, Museum District and Downtown Houston. Inside, approximately 2,500 square feet offers four full bathrooms, light-filled open living and dining spaces, and a kitchen with contrasting cabinetry and a waterfall island. The primary suite features vaulted ceilings, a custom walk-in closet and a European-inspired bath with dual vanities, a freestanding soaking tub and glass-enclosed shower. An upstairs secondary living area adds flexibility for a media room or private retreat. A distinctive opportunity to enjoy the space and outdoor living of a traditional home near Houston's urban core.

6714 Tierwester St, Houston
6614 Foster St, Houston
$285,000
3 Beds ⋅ 3 Baths ⋅ 66471034 MLS ⋅ ACTIVE Status
Enjoy modern living in this two-story Foster Place home, featuring a comfortable open layout, well-maintained finishes, and a convenient Inner Loop location. The kitchen offers a center island with breakfast bar, pantry storage, undercabinet lighting, and seamless flow to the dining and living areas for easy cooking and entertaining. The primary suite showcases an en-suite bath and dual walk-in closet with built-ins, while the secondary rooms offer flexibility for family, hobbies, or work. Outside, the private fenced backyard provides space for outdoor dining, casual gatherings, gardening, and relaxation. Ideally situated near everyday essentials, parks, dining, shopping, University of Houston, Texas Medical Center, and central Houston destinations. Quick access to 610 Loop, I-45, and SH 288 also connect you easily to Downtown Houston and beyond.

6614 Foster St, Houston
2422 Briley St, Houston
$278,000
3 Beds ⋅ 4 Baths ⋅ 9504134 MLS ⋅ ACTIVE Status
Built in 2021, this three-story contemporary home in Briley Place offers 3 bedrooms, 3 full and 1 half baths, and 2,162 square feet on a corner lot just minutes from Downtown, the Medical Center, and the University of Houston. The second level is the heart of the home, with an open living area, kitchen, and breakfast space together on one floor and a balcony off the front. The third-floor primary suite features its own bath and walk-in closet alongside a second bedroom, while the first-floor bedroom and bath make a private guest suite or home office. A two-car attached garage, central gas heat, and central electric air round it out, with no HOA. Zoned to Houston ISD, with quick access to I-45, I-69, and the bayou trails. Sold as-is.

2422 Briley St, Houston
3012 Beulah St, Houston
$359,900
3 Beds ⋅ 4 Baths ⋅ 72065566 MLS ⋅ ACTIVE Status
Presenting Beulah Villas, a modern new construction located in Houston’s historic Third Ward—an area known for its rich culture, artistic roots, and rapid growth. Conveniently minutes from Downtown with close access to Midtown, the Museum District, and major city corridors. Designed with clean architectural lines and contemporary finishes, the residence features over 2,000 SF of thoughtfully planned living space. The open-concept first floor is anchored by a chef-style kitchen that seamlessly flows into the dining area and expansive living space, making it ideal for entertaining. Upstairs, a secondary living with a drive bar, perfect for movie/game nights! The primary suite features soaring ceilings, abundant natural light, and a spa-inspired ensuite with dual vanities. Secondary bedrooms offer generous space and excellent closet storage. Complete with a private attached 2-car garage and private back yard, this exceptional home delivers the ultimate inner-loop lifestyle.

3012 Beulah St, Houston
6927 Calhoun Rd, Houston
$499,900
1 Beds ⋅ 1 Baths ⋅ 25533541 MLS ⋅ ACTIVE Status
Renovated in 2024, this 3,960 SF warehouse offers a versatile open layout inside Houston’s 610 Loop. Located at 6927 Calhoun Rd, the property features a 14' × 14' grade-level roll-up door, concrete flooring, and an on-site restroom. The spacious interior provides flexibility for inventory, equipment storage, or a customized workspace. Situated near the South Loop, this property offers an accessible Houston location with room to tailor the space to your needs. Explore the potential for a workshop, business storage, or private vehicle collection. Luxury car garage images are conceptual renderings illustrating a potential conversion and do not depict the property’s current condition.

6927 Calhoun Rd, Houston
3025 Trulley St, Houston
$249,900
3 Beds ⋅ 2 Baths ⋅ 65259944 MLS ⋅ ACTIVE Status
What a great location, close to everything with lots of new construction all around the subject property. There is a small apartment conversion behind the property. Home does need some work and is being sold as-is

3025 Trulley St, Houston
no property photo
$224,999
3 Beds ⋅ 1 Baths ⋅ 5112036 MLS ⋅ ACTIVE Status
Discover the character and potential of this charming historic property in Houston’s historic Third Ward, a community experiencing exciting revitalization. Surrounded by restored historic homes, newer single-family residences, and newly developed townhomes and duplexes, this property offers an opportunity to be part of a changing and evolving neighborhood. Enjoy convenient access to I-45, SH 288, and METRORail, with Texas Southern University and the University of Houston nearby. Downtown Houston and the Texas Medical Center are just a short commute away. Featuring 3 bedrooms and 1 bathroom, this property is an excellent opportunity for investors, developers, or buyers seeking a home with character, solid potential, and an alternative to cookie-cutter new construction. Bring your vision and explore the possibilities!

3345 Anita St, Houston
6818 Burkett St Unit A/B, Houston
$499,990
3 Beds ⋅ 3 Baths ⋅ 42061117 MLS ⋅ ACTIVE Status
House Hack Alert! This brand-new duplex in 77021 is true turn-key, move-in ready, with designer-level attention to finishes throughout. Located minutes from Med Center, 288, and downtown Houston. The floor plan is what sets it apart, a rare first-floor primary suite gives the owner true main-level living, while the upstairs is ideal tenant space. Strong rental comps in the area make the numbers work whether you live in one side and lease the other, or hold both units as a pure investment. New construction means zero deferred maintenance and zero surprises, just collect rent from day one. Schedule your tour today. Estimated Completion is December 2026.

6818 Burkett St Unit A/B, Houston
3365 Yellowstone Blvd, Houston
$365,000
3 Beds ⋅ 4 Baths ⋅ 56350381 MLS ⋅ ACTIVE Status
Welcome to this beautifully designed home in Pinnacle Homes at the Medical Center, offering modern style, quality finishes, and an excellent location. Situated minutes from the Texas Medical Center, Downtown Houston, and the University of Houston and Texas Southern University campuses, this gated residence provides both convenience and privacy. The home features luxury vinyl plank flooring, quartz countertops, stainless steel appliances, and elegant Shaker-style cabinetry. The open-concept living area seamlessly connects the kitchen and dining space, creating an inviting setting for everyday living and entertaining. The spacious primary suite includes a large walk-in closet and a luxurious bathroom with a walk-in shower and freestanding soaking tub. Additional features include a covered patio and a private outdoor area, perfect for relaxing or enjoying fresh air. Photos are of a similar home of the same model and are for illustrative purposes only; actual property may vary!

3365 Yellowstone Blvd, Houston
6702 England St, Houston
$280,000
3 Beds ⋅ 2 Baths ⋅ 50432180 MLS ⋅ ACTIVE Status
2 Lots!!!!!! Outstanding investment opportunity in one of Houston's fastest-growing redevelopment corridors! This partially complete duplex offer is ready for an investor or builder to bring the project across the finish line. Designed as a two-story duplex, this property is ideal for generating strong rental income, owner-occupancy with rental offset, or a profitable resale. Located just minutes from the Texas Medical Center, Downtown Houston, the University of Houston, TSU, and major freeways, the area continues to experience significant new construction and rising property values. Skip months of planning and permitting by taking over a project already underway. Don't miss this chance to capitalize on a high-demand location with tremendous upside!

6702 England St, Houston
4513 Normandy Way, Houston
$175,000
2 Beds ⋅ 1 Baths ⋅ 24306478 MLS ⋅ ACTIVE Status
Completely reimagined from top to bottom, this stunning 2BR/1BA cottage sits on an oversized 7,976 SF lot just minutes from Loop 610S, UH Central Campus & the Medical Center! Originally built in 1940, this 1,158 SF home has undergone a full renovation including new foundation, roof, siding, Low-E windows, flooring, lighting, plumbing fixtures & more. Gorgeous kitchen features quartz countertops, soft-close shaker cabinets, gold hardware, subway tile, under-cabinet lighting & stainless appliances including side-by-side fridge, gas range, microwave & dishwasher. Luxurious custom-tiled shower with frameless sliding glass enclosure. Sliding glass doors open to a brand-new wood deck overlooking the huge fenced backyard. Includes 1-car garage, carport & storage shed. Move-in ready with designer touches throughout!

4513 Normandy Way, Houston
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