University Area Homes under $500,000

University Area Homes under $500,000

Welcome to the vibrant University Area of Houston, Texas, where academic energy meets residential charm! Nestled in the heart of Harris County, this dynamic neighborhood is not only home to the prestigious University of Houston but also boasts a diverse array of amenities, making it an ideal location for students, families, and young professionals alike.

The University Area is characterized by its eclectic mix of housing options, with an impressive selection of homes available for under $500,000. Whether you’re seeking a cozy bungalow, a modern townhouse, or a spacious single-family home, this neighborhood offers something for everyone without breaking the bank. The affordability of homes in this area makes it an attractive option for first-time buyers and investors looking to capitalize on the growing demand for rental properties near the university.

Beyond its appealing real estate, the University Area is rich in culture and community. Residents enjoy easy access to a variety of parks, cafes, and local shops, all within a short distance. The vibrant arts scene and numerous dining options provide a lively backdrop for social gatherings and family outings. Additionally, with convenient public transportation and proximity to major highways, commuting to downtown Houston or other parts of the city is a breeze.

In the University Area, you’ll find a welcoming community that values education, creativity, and connection. Explore the possibilities of homeownership in this thriving neighborhood and discover why so many people are proud to call it home!

Newest University Area Homes under $500,000

5206 Enyart St, Houston
$124,900
3 Beds ⋅ 2 Baths ⋅ 43753456 MLS ⋅ ACTIVE Status
Great fixer upper in an up and coming neighborhood close to the University of Houston, TSU and downtown. Great size rooms, original hardwood floors, just needs to be finished out.

5206 Enyart St, Houston
3910 Luca St St, Houston
$248,000
4 Beds ⋅ 2 Baths ⋅ 24533567 MLS ⋅ ACTIVE Status
Great investment opportunity! Property sold with active leases in place. Currently operated as co-living rentals, with individual room rents ranging from $150 to $250 per week, generating a total monthly rental income of approximately $2,800?RENOVATED beautiful home in the University Area, New roof, floor, painting, siding, appliance etc. just minutes way from all the major freeways, medical center, downtown, U of H, and much more! New construction surround this area. Vinyl plank flooring throughout the house. Enjoy the convenience of your own storage house and an indoor utility room for all your laundering needs! Huge backyard with plenty of space that's perfect for your kids and/or fur babies! No HOA fee, low tax! this one won't last long at all!

3910 Luca St St, Houston
3315 Nettleton St, Houston
$425,000
4 Beds ⋅ 4 Baths ⋅ 33008951 MLS ⋅ ACTIVE Status
Only one townhome left! Instant income potential in one of Houston's strongest rental corridors. This brand-new 2025 construction in the University Area near University of Houston features a fully independent ground-floor apartment with private entrance, separate living space, and full kitchen - ideal for rental income, multigenerational living, or a private home office. Upstairs, a spacious three-bedroom, three-bath residence offers quartz countertops, luxury finishes, soaking tub, walk-in shower, walk-in closets, and walk-out balconies with downtown skyline views. No HOA. Minutes from Univ. of Houston, Texas Southern University, and the Texas Medical Center — a tenant base that never disappears. House-hack, invest, or enjoy the entire home yourself. New construction with this versatility and at this price in this location will not last!

3315 Nettleton St, Houston
5941 S Loop E Unit 603, Houston
$155,000
2 Beds ⋅ 2 Baths ⋅ 23148156 MLS ⋅ ACTIVE Status
Motivated Seller!!! NEW AC • NEW WATER HEATER • NEW COUNTERTOPS • NEW CARPET Freshly updated and move in ready! This townhome stands out from others in the gated community with major recent improvements: New AC August 2025 New water heater August 2025 New countertops August 2026 New carpet August 2026 Located in a gated community just minutes from the University of Houston, Texas Medical Center, Downtown, Midtown, and the Museum District. Enjoy easy access to major highways, employment centers, universities, hospitals, dining, and entertainment. Ideal for a first time buyer, professional, or investor. The flexible layout may also offer house hacking or rental potential. Why this one? The major updates are already done! Move in ready with the big ticket improvements completed in a highly convenient Houston location.

5941 S Loop E Unit 603, Houston
3022 Drew St, Houston
$323,499
3 Beds ⋅ 4 Baths ⋅ 69040567 MLS ⋅ ACTIVE Status
This modern townhome represents the final opportunity to own within an exclusive trio of residences situated on a coveted corner lot just minutes from the heart of downtown Houston. The thoughtfully designed layout begins with a versatile first-floor bedroom featuring an attached bath, providing an ideal setup for a professional home office or potential rental income. On the main level, an expansive open living area creates an inviting atmosphere perfect for hosting guests and daily relaxation. The third floor serves as a private retreat, highlighted by a sophisticated primary suite that boasts a double vanity, generous closet space, and sweeping views of the iconic downtown skyline. Every bedroom in the home includes its own en-suite bathroom to ensure maximum comfort and privacy for residents and guests alike. Additional highlights include a private two-car garage for secure parking and the distinct advantage of no HOA fees, offering true urban freedom in a premier location.

3022 Drew St, Houston
3339 Arbor St, Houston
$359,999
4 Beds ⋅ 3 Baths ⋅ 94748945 MLS ⋅ ACTIVE Status
4 BEDROOMS + DETACHED GUEST HOUSE + GATED DRIVEWAY! Welcome to this charming TWO-STORY home featuring a CLASSIC FRONT PORCH, covered upper gallery, and timeless architectural details. Inside, it offers WOOD FLOORING, CROWN MOLDING, abundant NATURAL LIGHT, and a spacious 23-FT LIVING ROOM with FIREPLACE. Formal dining leads to a kitchen featuring WHITE CABINETRY, DOUBLE-OVEN RANGE, pantry, and built-in shelving. FIRST-FLOOR BEDROOM + HALF BATH provide added flexibility. Upstairs features THREE ADDITIONAL BEDROOMS, including a PRIMARY SUITE with PRIVATE ENSUITE BATH, plus a full hall bathroom. Step outside to a FENCED BACKYARD with COVERED PAVILION, ceiling fan, and storage shed. The DETACHED GUEST HOUSE features its own LIVING AREA, KITCHEN + FULL BATH, ideal for guests or extended stays. PRIVATE GATED DRIVEWAY provides convenient parking. PRIME INNER-LOOP LOCATION near DOWNTOWN, TEXAS MEDICAL CENTER, UH, and TSU. CHARACTER + SPACE + SEPARATE GUEST QUARTERS!

3339 Arbor St, Houston
3938 Faulkner St, Houston
$140,000
3 Beds ⋅ 2 Baths ⋅ 18415320 MLS ⋅ ACTIVE Status
Investor Special! Excellent opportunity to renovate, rebuild, or add value in an established Houston neighborhood. Situated on a 5,721 SF lot, this one-story, 1,551 SF home features 3 bedrooms and 2 bathrooms with a large backyard offering plenty of space for future improvements or outdoor amenities. Ideal for investors, builders, or buyers seeking their next value-add project. Property is being sold AS-IS, WHERE-IS, with no repairs to be made by the seller. No interior access available. Priced for a quick sale and presents outstanding potential for renovation, redevelopment, or long-term investment.

3938 Faulkner St, Houston
3807 Amos St, Houston
$275,000
3 Beds ⋅ 2 Baths ⋅ 23558807 MLS ⋅ ACTIVE Status
Rare opportunity to acquire two contiguous lots totaling approximately 10,000 SF in Houston's Southlawn neighborhood (University Area). Located at 3807 Amos Street, the property offers a substantial land parcel with potential for residential redevelopment. Offered primarily for land value, this listing is an opportunity for builders, developers, and investors seeking a sizeable parcel in an established Houston neighborhood. Property is being sold AS-IS, WHERE-IS with no repairs. Home is in need of renovation and offers significant value-add potential for investors, builders, or developers. No interior access available. Priced primarily for land value for a quick sale.

3807 Amos St, Houston
2320 Emancipation Ave, Houston
$349,995
3 Beds ⋅ 4 Baths ⋅ 16580197 MLS ⋅ ACTIVE Status
Modern Living in the Heart of Houston’s Historic Third Ward Discover contemporary style, quality craftsmanship, and an unbeatable location. Just minutes from Downtown, the Medical Center, Midtown, EaDo, the Museum District, and U of H, this thoughtfully designed home blends luxury, convenience, and urban living. Inside, enjoy an open-concept floor plan filled with natural light, soaring ceilings, rich hardwood floors, designer lighting, and upscale finishes. The gourmet kitchen features granite countertops, stainless steel appliances, custom cabinetry, and a large island overlooking the dining and living areas—ideal for entertaining. The spacious primary suite offers a spa-inspired bath and ample closet space, while secondary bedrooms provide flexibility for guests or a home office. Outside, relax in the low-maintenance outdoor living area, perfect for entertaining or enjoying Houston’s vibrant lifestyle. Experience modern city living at its finest—schedule your private showing today!

2320 Emancipation Ave, Houston
3221 Ennis St, Houston
$399,500
2 Beds ⋅ 2 Baths ⋅ 36816580 MLS ⋅ ACTIVE Status
2022-built duplex in the Third Ward with two 2 bed / 2 bath units totaling 1,464 sq ft on a 3,986 sq ft lot. Unit A is sold fully furnished: the furniture shown in the photos stays with the property, so it is ready to rent from day one. Unit A currently operates as a short-term rental; Unit B is tenant occupied on a long-term lease. Single-story layout with central air, gas heat, composition roof and paved parking. About one mile to Texas Southern University and the University of Houston, across from the historic Riverside General Hospital site, with quick access to Downtown, the Texas Medical Center and I-45. Flood Zone X, no HOA and no MUD.

3221 Ennis St, Houston
6834 New York St, Houston
$225,000
4 Beds ⋅ 2 Baths ⋅ 17567242 MLS ⋅ ACTIVE Status
Welcome to this beautifully reimagined 4-bedroom, 2-bathroom residence combining classic charm with contemporary design. Perfectly positioned for an effortless commute, this exceptional property sits just outside Downtown Houston and the Texas Medical Center. Residents will enjoy being mere minutes from the vibrant Museum District and the University of Houston campus. Fully remodeled in 2020, the home seamlessly combines modern updates with an unbeatable, centrally located setting. Great for modern family living and effortless entertaining, this one-story home features a bright, open-concept layout that maximizes both space and functionality.And NO HOA.

6834 New York St, Houston
3632 Dreyfus St, Houston
$345,000
3 Beds ⋅ 3 Baths ⋅ 48656237 MLS ⋅ ACTIVE Status
MODERN HOUSTON LIVING WITH STYLE, SPACE & CONVENIENCE Discover contemporary living at 3632 Dreyfus Street! Built in 2023, this thoughtfully designed front entry 3-bedroom, 2.5-bath home offers approximately 1,564 square feet of modern style and everyday functionality. The kitchen makes a statement with custom cabinetry and a striking waterfall island, creating an inviting focal point for meal preparation, casual dining, and entertaining. An attached two-car garage adds everyday convenience, while the fenced backyard offers private outdoor space to relax or enjoy time with guests. With modern construction and convenient access to the Texas Medical Center, University of Houston, Downtown Houston, and major thoroughfares, this home offers an appealing combination of contemporary design and city accessibility. Come see the possibilities and make this modern Houston home your own!

3632 Dreyfus St, Houston
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