Calloway County Homes under $500,000

Welcome to Calloway County, Kentucky—a hidden gem nestled in the heart of the Bluegrass State. Known for its picturesque landscapes, friendly communities, and a rich tapestry of history, Calloway County offers a unique blend of rural charm and modern conveniences. Whether you're drawn to the serene beauty of Kentucky Lake or the vibrant culture of Murray, this county has something for everyone.

One of the most appealing aspects of Calloway County is its diverse real estate market, particularly for those seeking homes under $500,000. Here, prospective homeowners can find an array of options, from charming single-family homes to spacious townhouses, all within a budget that won’t break the bank. With a median home price well below the national average, Calloway County presents an excellent opportunity for first-time buyers, families, and retirees alike.

Imagine waking up in a cozy home surrounded by lush greenery, with access to outdoor activities like fishing, hiking, and boating. The county's friendly neighborhoods provide a sense of community, making it easy to forge lasting friendships and connections. Plus, with top-rated schools and a variety of local amenities, living in Calloway County means you won't have to compromise on quality of life.

If you’re searching for an affordable home that offers both comfort and a touch of nature, Calloway County is the perfect destination. Let us help you find your dream home in this vibrant community today!

Newest Calloway County Homes under $500,000

$145,000

1 Beds ⋅ 1 Baths ⋅ 3593246 MLS ⋅ ACTIVE Status ⋅ 0.35 Acres ⋅ 42049 Zip Code

Full of character and possibilities, this thoughtfully updated property offers a versatile studio-style layout with an open living and sleeping space. Constructed in 2016, it features an eat-in kitchen with a range, microwave, and refrigerator, along with a separate utility room and a large bathroom with an oversized shower. Polished concrete flooring, an oak entry door, and repurposed metal ceilings create a distinctive look throughout. A wide covered front porch provides plenty of space for outdoor seating, while the added lean-to carport offers convenient covered parking. Suitable for residential or commercial use, this property can adapt to a variety of needs.

106 Main St, Hazel

$289,000

3 Beds ⋅ 2 Baths ⋅ 3281025 MLS ⋅ ACTIVE Status ⋅ 0.33 Acres ⋅ 42071 Zip Code

Welcome to 52 South Nottingham Ln! Located in Murray's charming Sherwood Forest Subdivision. This inviting 3-bedroom, 2-bath home sits on a spacious, private lot with tree-lined streets and a quiet, family-friendly atmosphere. Inside, warm luxury vinyl flooring flows throughout an open, bright layout. Enjoy a living room with a welcoming entry, separate dining room, and large family room with brick woodburning fireplace ideal for gatherings. The kitchen offers plentiful cabinet space and newer stainless appliances. The primary suite includes a convenient bathroom and spacious closets, while two additional bedrooms provide ample space and closet storage. Ceiling fans, neutral tones, and a convenient laundry room with tankless water heater add everyday comfort. The oversized garage offers excellent storage and workspace potential. Whole home generator, new soffit, fascia and gutters. The list of upgrades goes on. Only minutes from Murray State University and just 15-20 minutes to Kentucky Lake and Land Between the Lakes for boating, fishing, and outdoor adventures. Low-traffic streets and a private lot make this the perfect spot for relaxed family living or peaceful retirement. Book your private showing of this spectacular home today.

52 Nottingham Ln, Murray

$415,000

3 Beds ⋅ 2 Baths ⋅ 3260209 MLS ⋅ ACTIVE Status ⋅ 42071 Zip Code

Waterfront living at an accessible price in this nearly new home directly on KY Lake in Lakeway Shores. You'll enjoy viewing the lake from the comfort of your large rear covered porch that spans the width of the home. Inside, you'll find an o pen floor plan with spacious windows offering views of the lake, trees, and wildlife. A primary suite with a walk-in shower and large walk-in closet offers a sliding door for direct access to the porch, giving you a great place for sipping morning coffee or enjoying the sounds of the evening settling over the lake. Two secondary bedrooms flank another bath accessible for guests. A two car garage and a walk-in storage area underneath the home give you great spaces to store lake toys. Whether you are looking for a full time home or a place to unwind on weekends, this home offers a convenient location only 15 minutes to Murray. You'll love the convenience of city water and high speed fiber internet - as well as anautomatic whole house generator!

150 Chancey Dr, Murray

$430,000

3 Beds ⋅ 2 Baths ⋅ 3184638 MLS ⋅ ACTIVE Status ⋅ 14.45 Acres ⋅ 42049 Zip Code

Welcome to your own slice of Kentucky countryside! Nestled on 14.45 beautiful acres, this property offers the perfect blend of space, comfort, and outdoor enjoyment. The home features approximately 1,850 sq ft on the main level along with a 1,200 sq ft unfinished basement, giving you plenty of room to grow, store, or customize. Inside, you’ll find a spacious 19x23 living room, 14x13 dining area, and a 13x10 kitchen with two pantry spaces for extra storage. The layout includes a 21x13 primary bedroom and additional bedrooms measuring 12x13 and 11x14, along with a convenient 9x5 laundry room. Step outside and enjoy the best of country living with a 23x13 porch and a 35x20 patio, perfect for relaxing or entertaining. The property also features a stocked pond with catfish, crappie, and bluegill, offering fun right in your own backyard. A 25x11 garage adds extra space for storage or projects. Located in Hazel, you’ll enjoy a peaceful setting while still being just minutes from Murray, KY, home to Murray State University, local shops, restaurants, and community events. Outdoor enthusiasts will love being close to Kentucky Lake and Land Between the Lakes, where boating, fishing, hiking, and camping opportunities are endless. Nearby Paris, TN and Mayfield, KY provide even more options for shopping, dining, and entertainment. With acreage, space, and a beautiful setting, this property offers a great opportunity to enjoy the best of rural living with convenient access to nearby towns.

2600 W State Line Rd, Hazel

$445,000

5 Beds ⋅ 3 Baths ⋅ 3182467 MLS ⋅ ACTIVE Status ⋅ 0.55 Acres ⋅ 42071 Zip Code

This beautifully restored 1926 Tudor-style home celebrates its 100-year anniversary with timeless elegance and thoughtful updates throughout, in a convenient location close to commercial areas, the hospital, and the middle school on a spacious lot. Blending historic character with modern comfort, it offers charm and everyday functionality in one. Rich original woodwork, stunning built-ins, and original windows fill the home with warmth, character, and natural light, while a graceful curved staircase stands as a striking centerpiece. Spacious, light-filled rooms and multiple fireplaces showcase exceptional craftsmanship, paired with modern comforts. The downstairs and outdoor areas offer spacious room for living and entertaining, while upstairs bedrooms provide comfort and privacy. The basement provides security, storage, and potential. Situated on an oversized in-town lot just minutes from downtown and Murray State, this home is a rare blend of history, beauty, and careful renovation. Make sure to see the extensive improvements in the documents section.

1007 Poplar St, Murray

$465,000

3 Beds ⋅ 3 Baths ⋅ 2799396 MLS ⋅ ACTIVE Status ⋅ 0.5 Acres ⋅ 42076 Zip Code

REDUCED $475,000!! Discover the serenity of waterfront living with this stunning lakeside retreat, a perfect blend of comfort designed for both personal enjoyment and investment opportunity as a vacation rental. This exceptional property boasts an expansive .Half Acre lot with panoramic views of Kentucky Lake, offering a private sanctuary where you can relax and unwind in nature's embrace. Cottage features three spacious bedrooms, two and a half baths, and a seamless open floor plan on the main level that invites natural light and lake vistas into every corner. The heart of the home, a well-appointed kitchen with sleek Corian countertops, is ready for entertaining and creating culinary delights. Step outside to a Trex deck, perfect for soaking in the tranquility of the lake. The property's private dock beckons boating enthusiasts and guarantees endless water activities right at your doorstep. Additional luxuries include a heart-shaped whirlpool bath with a lake view, perfect for romantic evenings or a relaxing soak after a day on the water. The upper level features a cozy wood-burning fireplace, while the lower level offers the warmth of a gas fireplace, ensuring comfort throughout the seasons. For car aficionados and hobbyists, the property includes a massive 40 x 40 garage with a three-car capacity, workshop, and a large loft that can be converted into a guest house. This space is a dream for anyone looking to have an expansive area for vehicles or to unleash their creativity. This home comfortably sleeps up to 14 guests, making it an ideal choice for family vacations, group retreats, or as a lucrative rental for other waterfront home enthusiasts. Don't miss the opportunity to own this lakeside gem, where luxury meets nature and investment potential. THIS HOME HAS BEEN VIRTUALLY STAGED!

62 Lakeshore Dr, New Concord

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.