Elmwood Homes under $500,000

Welcome to Elmwood, a charming and vibrant subdivision nestled in the heart of Dallas, Texas. Known for its welcoming community atmosphere and rich cultural heritage, Elmwood offers a perfect blend of urban convenience and suburban tranquility. This delightful neighborhood is characterized by its tree-lined streets, beautifully maintained parks, and a diverse array of architectural styles that reflect the unique character of the area.

One of the most appealing features of Elmwood is its accessibility to a range of amenities. Residents enjoy easy access to local shops, restaurants, and entertainment options, making it an ideal place for families, young professionals, and retirees alike. The community is also home to several highly-rated schools, ensuring that educational opportunities are just around the corner.

For those looking to make Elmwood their home, the market is particularly inviting with a selection of homes under $500,000. This affordability allows buyers to explore a variety of options, from cozy bungalows to spacious family homes, all while enjoying the comforts of a well-established neighborhood. The real estate market in Elmwood is thriving, making it a fantastic opportunity for first-time homebuyers or those seeking to invest in a growing area.

Whether you’re strolling through the local parks, enjoying a meal at a nearby café, or simply relaxing in your own backyard, Elmwood offers a lifestyle that balances the best of city living with the warmth of a close-knit community. Come discover your dream home in Elmwood, where comfort and charm await you!

Newest Elmwood Homes under $500,000

$210,000

2 Beds ⋅ 1 Baths ⋅ 21428389 MLS

Located in the established Elmwood neighborhood, this two-bedroom, one-bath home combines modern updates with the character and charm of its surroundings. Step inside to find a bright, refreshed interior featuring fresh paint and luxury vinyl plank flooring throughout, creating a clean, cohesive feel from room to room. The inviting living area offers a comfortable place to unwind, while the adjoining dining space makes everyday meals and entertaining feel effortless. The kitchen features white cabinetry, stainless steel appliances, and a stylish backsplash, bringing a fresh look to the heart of the home. Two comfortable bedrooms and a thoughtfully updated bathroom complete the interior, offering a practical layout that makes the most of the space. Outside, mature trees and a spacious backyard create an inviting setting with plenty of possibilities, whether that means weekend cookouts, a future garden, or simply enjoying a little extra room outdoors. The surrounding Elmwood neighborhood offers a wonderful balance of residential charm and city convenience, with nearby parks, walking trails, and easy access to Wynnewood Village, Bishop Arts District, and downtown Dallas. With its thoughtful updates, valuable improvements, and convenient Oak Cliff location, this home offers an appealing blend of comfort, character, and everyday practicality.

1319 Wilbur St, Dallas

Listing courtesy of Annie Anderson from Legacy Buyer Partners. Contact:

$415,000

3 Beds ⋅ 2 Baths ⋅ 21428579 MLS

This old-meets-new Tudor style home is nestled on a heavily treed lot in the sought after Elmwood neighborhood. Inside, the home boasts 2 large bedrooms plus a 3rd bedroom well suited as an office, small bedroom, or flex space -- all with hardwood flooring and energy-efficient windows throughout. The kitchen features stainless steel gas appliances and quartz countertops. Outside, the home features an oversized 2-car carport with storage garage, a new wood deck, a board-on-board privacy fence, sprinkler system, and automatic gate for enhanced privacy. This home has seen many other updates over the past few years including: 2026 roof, addition of 2nd bathroom, tankless water heater, HVAC, updated electrical panel and wiring, radiant barrier in attic, and remodeled custom finishes throughout. Minutes away from Tyler Station, Bishop Arts District, and downtown Dallas, you won't want to miss out on this move-in ready hidden gem!

1215 Cascade Ave, Dallas

Listing courtesy of Taylor Rexrode from Coldwell Banker Apex, REALTORS. Contact: 214-773-8317

$305,000

5 Beds ⋅ 2 Baths ⋅ 21418056 MLS

Just minutes from the vibrant Bishop Arts District, this versatile property offers a rare combination of space, flexibility, and income potential. Featuring a spacious 5-bedroom, 2-bathroom main home and a detached approximately 400-square-foot accessory dwelling unit (ADU), this property presents an excellent opportunity for investors, multigenerational living, or owner-occupants looking to offset housing costs with supplemental rental income. The two-story main home offers a flexible floor plan with three bedrooms downstairs and two upstairs. Thoughtful updates throughout include laminate flooring, fresh interior paint, granite countertops, updated fixtures, and multiple living areas that provide plenty of room for entertaining, working from home, or everyday living. The detached ADU is a standout feature, complete with its own full kitchen and bathroom. Whether used as a rental, private guest suite, multigenerational living space, home office, or studio, this additional living space provides exceptional flexibility and potential. Major systems have also been updated for added peace of mind, with the roof, HVAC system, water heater, and electrical all approximately five years old. Outside, a spacious deck overlooks the large backyard, creating an inviting setting for weekend barbecues, gatherings, pets, or relaxing evenings outdoors. With a generous lot, updated finishes, multiple living spaces, a detached ADU, and a prime location just minutes from the restaurants, shopping, nightlife, and entertainment of Bishop Arts, this property offers a unique combination of lifestyle and investment opportunities. Washer, dryer, and refrigerator are negotiable with an acceptable offer. Buyer to independently verify rental potential, permitted uses, and applicable restrictions.

1227 Wilbur St, Dallas

Listing courtesy of Shayne Hickey from Texas Ally Real Estate Group. Contact: 469-219-9767

$379,000

2 Beds ⋅ 1 Baths ⋅ 21351908 MLS

Nestled in the heart of Elmwood, this cozy 1930s cottage perfectly blends historic charm with modern comfort. Sweet curb appeal welcomes you across a deep yard to the full-length columned front porch. Inside, the inviting living & dining area shines with period-perfect paint celebrating the home's era, enhanced by recently refinished wood floors that add deep warmth. Renovated kitchen features plentiful storage cabinets, yards of granite countertops & shiny stainless steel appliances, including a gas stove & dishwasher. Double sink with stylish hardware & reverse osmosis drinking water system plus bright kitchen window. Chat with the chef or plan a backyard BBQ from the breakfast bar. At the back of the home, an east-facing sunroom with a classic overhead beadboard ceiling offers a peaceful retreat for an office, secondary living area, or garden room. Two comfortable bedrooms & full bath complete the light-filled, space-efficient interior flow. Outside, the private backyard is anchored by a beautiful, low-maintenance 22x18 ft Trex deck. A handy 17x17 ft outbuilding equipped with electricity provides excellent extra storage, a workshop, or a hobby studio. Extensive peace-of-mind updates include the HVAC condenser and furnace, all windows, roof, gutters, and updated electrical breaker box. Delights continue on the property with a sweet botanical bonus of young fruit trees and berry vines in the front yard. Enjoy fantastic neighborhood perks just yards from your front door, including Tyler Station featuring locally crafted beer and freshly baked bread, plus downtown Elmwood with its neighborhood dog park, burger joint, cute bodega, & local coffee shop. The ultra-convenient location places Bishop Arts just a five-minute drive away and Downtown Dallas only 10 minutes away. Boasting sidewalks, walking trails & nearby transit options, the neighborhood is incredibly strollable & rollable. Schedule a private showing today to make this historic, heartwarming cottage your own.

1732 S Edgefield Ave, Dallas

Listing courtesy of Barbara Macleod from Compass RE Texas, LLC. Contact: 214-515-9888

$245,000

2 Beds ⋅ 1 Baths ⋅ 21358693 MLS

Charming 1920s Oak Cliff Home with Endless Potential. Step into the character and charm of the 1920s with this 2-bedroom, 1-bath home in the heart of Oak Cliff. Featuring a bonus room that offers flexibility for a home office, studio, guest space, or additional living area, this property is full of possibilities. Original-era details give the home a unique sense of character, while its location puts you close to local restaurants, shopping, entertainment, and everything Oak Cliff has to offer. The home does need updating, making it a great opportunity for someone looking to restore its charm and add their own personal touches. A wonderful chance to bring new life to a classic Oak Cliff property in a convenient and desirable location.

1138 Pioneer Dr, Dallas

Listing courtesy of Cole Sawyer from Sawyer Realty Group. Contact: 214-328-8586

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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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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable, but not guaranteed.

Elmwood Homes under $500,000

Newest Elmwood Homes under $500,000

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