Edmonton · Updated regularly

Edmonton Homes Under $500,000

Every active MLS® home in Edmonton under $500,000 — ranked around what you actually respond to, not newest-first.

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80
Active homes in this range
$275k
Median asking price
1
New in the last 7 days
~1 min
MLS® listing updates
Filters applied on this page
Edmonton Active listings only

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How these homes were selected

  • Active MLS listings in 367 curated neighbourhoods (including Windermere, Summerside, Oliver).
  • List price up to $500,000 (display relevance cap).

MLS area names are proxies; remarks may be incomplete; we do not verify walking distance, travel time, or exact proximity.

Selection criteria updated 2026-08-07.

Live inventory

Sample MLS listings in this budget

Opening one starts with three quick swipes — that is how the app learns which homes are worth your time. Takes about twenty seconds.

#305 10026 112 ST NWActive
$269,900
#305 10026 112 ST NW, Edmonton
2 bed 2 bath
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9921 162 ST NWActive
$275,000
9921 162 ST NW, Edmonton
2 bed 1 bath
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9740 87 AV NWActive
$324,888
9740 87 AV NW, Edmonton
2 bed ? bath
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#111 2035 GRANTHAM CO NWActive
$275,900
#111 2035 GRANTHAM CO NW, Edmonton
2 bed 2 bath
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#406 8525 91 ST NWActive
$339,900
#406 8525 91 ST NW, Edmonton
2 bed 2 bath
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#311 9640 105 ST NWActive
$254,900
#311 9640 105 ST NW, Edmonton
2 bed 2 bath
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Sample of active MLS® listings. Photos and details come from licensed CREA DDF data and can change.

See all 80 homes
Why this list beats a price filter

A budget is where you start, not how you choose

Ranked, not just filtered

Swipe a few and the order changes around what you actually respond to. All 80 of these are not equally worth your Saturday.

Every home has an estimate

Keylo Price sits on each listing so you can see whether the asking price looks sharp or optimistic before you spend time on it.

Shortlist with someone else

Invite your partner or a friend to the same list and comment home by home instead of forwarding links.

We ran the distribution

$500,000 is the top of one Edmonton market and the bottom of another

Whether your budget is comfortable depends entirely on which kind of home you actually want — and the gap is bigger than most people expect.

Share of each type's active listings priced at or below $500,000.

Apartment / condo95%
median $204,8001,361 listings
Townhouse / row97%
median $319,998785 listings
Detached33%
median $570,0002,734 listings
What that means for you. At $500,000 you're above about 95% of Edmonton's condos but only 33% of its detached houses. If you're open to a condo, you're near the top of that market and can afford to be selective. If you specifically want a detached house — which is usually what people mean when they search "homes" — you're shopping the lower end, and speed matters more than patience. Same budget, two completely different strategies.

Percentile of $500,000 within each type's active Edmonton inventory on August 4, 2026. Prices are right-skewed by a small number of very high listings, so we rank by percentile rather than averages. 744 active listings sit outside these three types (duplex, multi-family and other forms) and are not shown. Active inventory only — it moves week to week.

FAQ

Frequently asked questions

What kind of homes can I expect to find in Edmonton for under $500,000?
For under $500,000 in Edmonton, you can typically find a good selection of properties. This includes modern townhouses, updated semi-detached homes, and many single-family detached houses, especially in mature neighbourhoods, though they might be slightly older or smaller depending on the area. You'll often see options with 3-4 bedrooms and 2-3 bathrooms.
How does the selection of homes under $500,000 in Edmonton compare to other major Canadian cities?
Edmonton offers a significantly broader range of homeownership opportunities under $500,000 compared to many larger Canadian cities. While other major centers might limit you to condos or smaller townhouses at this price point, Edmonton frequently allows you to purchase a detached home with a yard, providing more space and value for your investment.
Are there any specific neighbourhoods I should focus on when looking for homes under $500,000?
Many neighbourhoods across Edmonton offer great options under $500,000, depending on your preferences. Areas like Mill Woods, The Hamptons, and even some parts of Terwillegar Towne often have suitable detached homes. For townhouses or newer builds, consider options in developing areas in the North and West ends.
What should I be aware of when buying a home in this price range in Edmonton?
When buying a home under $500,000, it's crucial to factor in additional costs like property taxes, utilities, and potential maintenance. Some homes might be older and require updates, so consider a home inspection. Working with a local real estate agent can help you navigate the market and find the best value.
Related searches

Other Edmonton searches

Edmonton homes under $400,000 → Edmonton homes under 600000 → Affordable homes in Edmonton → Homes for sale in Alberta → Open concept homes Edmonton →

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