Oakland Homes under $500,000

Oakland Homes under $500,000

Welcome to Oakland, Michigan—a vibrant city that beautifully marries suburban charm with urban convenience. Nestled in the heart of Oakland County, this community is known for its friendly atmosphere, diverse neighborhoods, and an abundance of recreational opportunities. With its rich history and a forward-thinking spirit, Oakland is an ideal place for families, young professionals, and retirees alike.

One of the most appealing aspects of Oakland is its housing market, particularly for those seeking homes under $500,000. Here, you'll find a variety of options that cater to different lifestyles and preferences. From cozy single-family homes with lush yards perfect for summer barbecues to modern townhouses that offer low-maintenance living, Oakland has something for everyone.

The city boasts excellent schools, parks, and recreational facilities, making it an attractive choice for families. The local community is active and engaged, with numerous events and festivals throughout the year that foster a strong sense of belonging. Plus, with easy access to major highways, residents can easily commute to nearby cities for work or leisure.

Whether you’re looking to start a new chapter in your life or find the perfect investment property, Oakland's real estate market offers remarkable value. With homes priced under $500,000, you can enjoy the benefits of homeownership without breaking the bank. Discover the charm of Oakland today and see why so many are proud to call this city home!

Newest Oakland Homes under $500,000

2156 Pear Tree Lane, Oakland
$250,000
ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 61037915 MLS
Property Being Sold Via Online Auction Starting Bid: $100,000 $5,000 Bid Increments Time Online Auction w/ Fixed Closing Time w/ Automated Extensions for Last Minute Bidding. Open House: Sunday Oct 11 from 2pm-5pm Wednesday Oct 14th from 2pm -5pm Friday October 16 from 2pm-5pm 2,151 SQUARE FOOT COLONIAL 2 STORY HOME FORCED HEAT AND COOLING 4 BEDROOM 3 BATHROOMS 4 CAR GARAGE LARGE LOT WELL SEPTIC PAVED STREET ROCHESTER SCHOOL DISTRICT PARCEL ID#- N-10-20-277-004

2156 Pear Tree Lane, Oakland

Listing Courtesy of Chuck Cryderman & Associates LLC, Office Phone: 586-784-8890
670 Driscoll Drive, Oakland
$425,000
ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 61036044 MLS
Beautifully remodeled lakefront ranch on 1.08 acres in a premium Oakland Township setting at the end of Driscoll Drive, next to state property and woods. Offering over 1,100 square feet, 2 bedrooms, and 2 full baths, this home has been meticulously remodeled with permitted renovations throughout. The new kitchen features stylish cabinetry, stainless steel appliances, generous counter space, and ample storage. Refinished hardwood floors, recessed lighting, and expansive windows create a bright, inviting interior with beautiful views of the property. Both full bathrooms have been newly remodeled, and main-floor laundry adds everyday convenience. Step outside onto the spacious deck to relax, entertain, and enjoy the peaceful lakefront setting. The electric-motor lake offers a quieter atmosphere for waterfront enjoyment, with no HOA. An oversized attached 2.5-car garage plus a detached 1.5-car garage provide a combined 4-car capacity and plenty of space for storage, hobbies, or a workshop. Exterior improvements include brand-new siding and trim, new concrete, and new gutters with underground drainage routed away from the home. Additional features include a roof replaced in 2017, windows replaced in 2018, and generator hookups. The crawl space is fully enclosed and equipped with a sump pump. Located within the Romeo School District, with possession at closing.

670 Driscoll Drive, Oakland

Listing Courtesy of EXP Realty Main, Office Phone: 888-501-7085
2074 Pear Tree Lane, Oakland
$359,900
ACTIVE UNDER CONTRACT Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 61028755 MLS
Great opportunity in highly sought-after Oakland Township! This 4-bedroom, 2-bath home offers approximately 1,700 sq ft of living space plus a finished basement, all situated on nearly half an acre in an established subdivision where homes rarely become available. Inside you'll find a spacious, functional layout with new carpet and plenty of opportunity to add your own finishing touches. Outside features mature landscaping with established plants that stay, a large horseshoe driveway, attached 2-car garage, storage shed, and newer roof. Plenty of space inside and out with a location that's hard to beat! ALL OFFERS DUE MONDAY 9/14 AT 1PM!

2074 Pear Tree Lane, Oakland

Listing Courtesy of National Realty Centers, Inc, Office Phone: 248-724-1234
312 Beach Drive, Oakland
$364,400
ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 61023453 MLS
Unwind and embrace lakeside living in this serene raised ranch on Cranberry Lake in Oakland Township. Spend your days canoeing, kayaking, fishing, swimming, or simply relaxing by the water. The fully finished deck creates the perfect setting for effortless summer entertaining. A light-filled living room with two door walls leading directly to the deck seamlessly connects the indoors with the beauty of the outdoors. Community amenities include a playground, private dock, and clubhouse, all just steps from your back door. With short-term rentals permitted, this property also presents a strong Airbnb/investment opportunity for a buyer looking to generate income from lakefront demand. Seller is ready to make a deal -- bring all offers!

312 Beach Drive, Oakland

Listing Courtesy of Top Agent Realty, Office Phone: 248-277-4226
425 Elm Court, Oakland
$47,500
ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 60964191 MLS
One of the only newer 2024-built homes available at this price point in Oakland Township, 425 Elm Court offers an opportunity that is becoming increasingly difficult to find in today's market. This move-in-ready 3-bedroom, 2-bath manufactured home features approximately 1,056 square feet of thoughtfully designed living space with a clean, modern feel throughout. The open-concept layout creates a bright and functional flow between the living room, kitchen, and dining areas, making the home feel comfortable for both everyday living and entertaining. Energy-efficient low-E vinyl windows, central air, modern finishes, and low-maintenance construction help provide both comfort and peace of mind for the next owner. The split-bedroom layout also offers flexibility for guests, hobbies, storage, or a home office setup. Located within the Independence Woods community in desirable Oakland Township and within the highly regarded Lake Orion School District, residents enjoy convenient access to shopping, dining, parks, recreation, and major commuter routes throughout northern Oakland County. Lot rent is approximately $673 per month; buyer to verify all information with the park. All residents must be approved by the community following an accepted offer or during the inspection period. Contact the community office for verification at Independence Woods, (248) 373-0155. Financing for homes located in parks does differ from traditional mortgage programs and typically requires specialized lenders; mobile-home-specific lenders are available to assist qualified buyers with the pre-approval process. If you're looking for an affordable, practical place to call home with room to make it your own, this is an opportunity you won't want to miss.

425 Elm Court, Oakland

Listing Courtesy of EXP Realty - Fenton, Office Phone: 269-600-4397
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