5 Michigan Homes Under $500k for Sale

Discover five exceptional Michigan homes currently on the market, each priced under $500k. These properties offer a perfect blend of affordability and quality, providing excellent opportunities for potential homeowners to find their dream residence in the heart of the Great Lakes State.

146 Algonac | $225,000

146 Algonac, Clay Twp, MI
Listing agent: Kimberly A. Schall

Russell Island is a small & privately owned island. Only the owners, their family members, & guests are allowed on the island. You don’t want to miss this opportunity to own your own piece of paradise.


Size: 1,525 sf


Price: $225,000


Listing details: This home has 2 bedrooms, 1 bathroom , Nice size Living Room with Fireplace w/ Heatolator Blower. This property I.D. Has 4 lots for this price, which is .62 acres. Loft has enough room for 2 – 3 more beds.


Contact: Kimberly A. Schall, Century 21, +1 248.933.7355

Historic Detroit Colonial | $318,777

18490 Ohio St, Detroit, MI
Listing agent: Heather Dell

A beautifully restored Craftsman style home from 1942-with preserved detail that is a testament to the sophistication and craftsmanship of early 20C builds. With its updated plumbing, electrical systems, newer windows, modernized mechanicals AND two car garage it offers a comfortable and well-appointed living space.


Size: 2,100 sf


Price: $318,777


Listing details: The kitchen with custom island and built in gas range and hood adds a modern touch to the home while still maintaining its classic charm. Additionally, its location in the desirable Bagley area, close to the Livernois retail and restaurant districts, provides convenient access to shopping, services, and northern suburbs.


Contact: Heather Dell, RE/MAX, +1 248-464-1116

501 Hampton Rd | $332,500

501 Hampton Rd, Durand, MI
Listing agent: Mary Sumpter

Wow! Thinking of building a new home? Call to see this gorgeous 1,675 sq foot ranch home, just like brand new. The kitchen is amazing with a 6 person eating bar, soft closed cabinets, built in appliances, huge pantry and a totally open design for the kitchen, dining area and the great room!


Size: 1,674 sf


Price: $332,500


Listing details: Spacious primary suite, the 2 additional bedrooms are lovely, and wonderful windows thru-out this entire home. 1st floor laundry, full basement, very easy to finish and a 2 car attached garage. The back yard, perfect, even a garden shed! All fenced with new sidewalk and patio area. Excellent location for all of the schools; athletic events, walk to the library, park and churches!


Contact: Mary Sumpter, Coldwell Banker, +1 517-202-6729

8215 S ISLAND VIEW DR | $365,000

8215 S Island View Dr, Newaygo, MI
Listing agent: Faune Benson

MOTIVATED SELLER! 1800 sq ft of finished living space on Pettit Lake with 41′ of private frontage and boat launch! This all-sports 170 acre private lake is a loon sanctuary and offers a serene retreat with beautiful views and direct access to prime fishing spots. The home features all-new Pella Impervia windows, composite decking, new flooring, appliances, an on-demand water heater, and the convenience of natural gas.


Size: 1,780 sf


Price: $365,000


Listing details: This home is super energy efficient and stays warm in the winter and cool in the summer! The primary bedroom and laundry are conveniently located on the main floor with two more bedrooms (one bedroom is non-conforming) and a living room in the lower level walk-out. Enjoy the perfect blend of relaxation and recreation with beautiful lake views from the large deck.


Contact: Faune Benson, Fivestar Real Estate Leaders, +1 231.215.0825

9683 CLUB HOUSE DR W | $449,000

9683 Club House Dr W, Canadian Lakes, MI
Listing agent: Chip Issette

Stunning riverfront ranch boasting 100’ of prime Little Muskegon River frontage. Delight in cozy moments by the fireplace during crisp autumn days or savor your morning coffee on the deck amidst the tranquil wildlife surroundings. The walkout lower level beckons for entertaining, featuring an additional living room, two bedrooms, and a full bath for guests to enjoy extra privacy.


Size: 1,644 sf


Price: $449,000


Listing details: This residence showcases boasts upgrades, including granite counters, stone exterior, new carpet and wood flooring, new fixtures while also featuring exquisite custom stained glass, Anderson windows, central vacuum system, generator hookup, newer roof, and more.


Contact: Chip Issette, Century 21, +1 231.629.2683