Lafayette County Homes under $500,000

Lafayette County Homes under $500,000

Welcome to Lafayette County, Mississippi – a hidden gem that beautifully blends Southern charm with modern living. Nestled in the heart of the Magnolia State, Lafayette County is renowned for its picturesque landscapes, vibrant community, and rich cultural heritage. Home to the bustling town of Oxford, this county offers a delightful mix of historic architecture, local boutiques, and an array of dining options that cater to every palate.

Lafayette County is not just a haven for history buffs and foodies; it also boasts an impressive selection of homes under $500,000, making it an ideal destination for first-time buyers, families, and investors alike. Whether you’re searching for a cozy cottage, a spacious family home, or a contemporary townhouse, the real estate market here has something to suit every taste and budget.

Imagine sipping sweet tea on your front porch while enjoying the serene views of the rolling hills and lush greenery that define this region. With a strong sense of community, excellent schools, and an array of recreational activities, Lafayette County is the perfect place to plant your roots.

Additionally, the area’s proximity to the University of Mississippi adds a vibrant energy to the community. Enjoy cultural events, sporting activities, and the lively atmosphere that comes with being part of a college town, all while having the comfort of affordable living.

Explore the homes available under $500,000 in Lafayette County today and discover the ideal place to call home in this enchanting part of Mississippi!

Newest Lafayette County Homes under $500,000

445 Olive Branch Way, Oxford
$412,000
3 Beds ⋅ 4 Baths ⋅ 4164659 MLS
Free standing 3BR/3.5BA Condo in the sought after Rowandale Community off Molly Bar Rd. Amazing location that provides convenience to The Square and Campus. Ride the OUT Bus to both destinations (available for game days as well!) This unit is completely updated plus has a 1 year old HVAC unit! Kitchen has stainless steel appliances, fridge included. Granite counters in all spaces. You'll find luxury vinyl plank flooring throughout the main living areas and cozy carpet in the bedrooms. Each room is equipped with its own full bathroom complete with granite topped vanity, walk in shower, and large closets. Upstairs you'll find the two additional bedrooms, both with massive walk in closets, and the laundry room. This unit has a spacious front porch and yard, a rarity in the community. The neighborhood is approved for long and short term rentals making it ideal for students, gameday weekends, or Oxford residents alike. The neighborhood has something for everyone -pickleball, basketball, sand volley ball, two swimming pools, as well as a fenced in dog park. This property is 1.9 miles to Campus and 2.0 miles to The Square.

445 Olive Branch Way, Oxford

Listing courtesy of Loren S Maynard with Re/Max Experts Southaven
46 County Road 317, Oxford
$379,900
4 Beds ⋅ 5 Baths ⋅ 4162657 MLS
New Construction 4Bed 4.5Bath Home on .5 Acres With Nearly 2000sqft of Living Space. 992 sqft attic space for ample storage. Home Listed Well Below Appraised Value. Have Equity on Day 1! This home boasts an open floor-plan with luxury finishes that set it in a class of its own- soft close oversized cabinets, quartz countertops, walk-in pantry, 9ft ceilings, large carport big enough for a full sized truck, screened in back porch, and every bedroom has its own bathroom with some of the largest closets in Oxford. This home is in Lafayette School District, and is conveniently located just off Hwy 6. 12 min from Ole Miss, 13 min from Sardis Lake, & 5 Min from New Water Resort & Trampoline Park(with $35 unlimited memberships for your kids). Close to town, but far enough out for a giant back yard, lower taxes, and no HOA fee! Don't settle for a cookie cutter condo or a home with a 15 year old roof. Everything in this home is brand new.

46 County Road 317, Oxford

Listing courtesy of Barret Blondeau with Falaya, LLC
314 W Hayat Loop, Oxford
$330,000
3 Beds ⋅ 3 Baths ⋅ 4161411 MLS
**DO NOT DISTURB TENANT.** This spacious **3-bedroom, 2.5-bath home** offers an inviting open-concept layout, vaulted ceilings, and plenty of room to enjoy both indoors and out. The large backyard and covered patio provide the perfect setting for relaxing, entertaining, or enjoying time outdoors. Located in **Garden Terrace**, the neighborhood also features a conveniently connected playground for added enjoyment. Whether you're looking for your next home or an investment opportunity, this property offers great potential. **Currently tenant-occupied and generating $2,250 per month in rental income, with a lease in place through July 2027.** Lease and additional property information are available upon request.

314 W Hayat Loop, Oxford

Listing courtesy of Sondretta L Green with Keller Williams Realty
136 W Garden Terrace Drive, Oxford
$335,000
3 Beds ⋅ 3 Baths ⋅ 4161043 MLS
This inviting corner-lot home features a fenced backyard, spacious pergola, and large patio—perfect for relaxing or entertaining. Inside, enjoy a great flow from the den with vaulted ceiling into the kitchen and dining area. Wood flooring extends throughout the main level and into the primary bedroom. Upstairs offers two additional bedrooms and two full baths. Located in Garden Terrace, the neighborhood also features a conveniently connected playground. Great opportunity for investor! Currently tenant-occupied and rented for $2,320/month with a lease through July 2027. Lease available upon request. PLEASE DO NOT DISTURB TENANTS. To respect the tenant's privacy, interior showings will be scheduled following an accepted contract. Additional property and lease information is available to interested buyers prior to submitting an offer.

136 W Garden Terrace Drive, Oxford

Listing courtesy of Sondretta L Green with Keller Williams Realty
732 Mississippi 30, Oxford
$339,900
3 Beds ⋅ 2 Baths ⋅ 4158862 MLS
Situated on approximately 2.6 acres in Oxford, this freshly renovated home offers space, privacy, and thoughtful accessibility features just minutes from everything Oxford has to offer. The interior has been refreshed with new flooring and fresh paint throughout, creating a clean, move-in-ready feel from the moment you step inside. A durable metal roof adds long-term value and low-maintenance appeal, while the wheelchair-accessible design provides added convenience and flexibility. With 2.6 acres, there is plenty of room to enjoy the outdoors, create a garden, add recreational space, or simply appreciate the extra privacy. Conveniently located on MS Highway 30 with easy access to Oxford, Ole Miss, the Square, shopping, dining, and entertainment, this property offers an appealing combination of acreage, updates, accessibility, and location. Whether you're looking for a primary residence, Oxford getaway, or investment opportunity, 732 MS Highway 30 is ready for its next owner. Schedule your private showing today!

732 Mississippi 30, Oxford

Listing courtesy of Ed Schreiner with Signature Realty LLC
8 County Road 529, Como
$80,000
4 Beds ⋅ 2 Baths ⋅ 4157158 MLS
Opportunity is knocking with this 4-bedroom, 2-bath home situated on approximately ¾ of an acre in desirable Lafayette County, just minutes from beautiful Sardis Lake. If you've been looking for a property to renovate and make your own, this could be the perfect project. While the home is in need of TLC and is being sold as-is, it offers the chance to create something truly special. With a spacious layout and a generous lot, you'll have plenty of room to reimagine the space and add your personal touch. Think of it as a blank canvas ready for your vision. Whether you're an investor, flipper, or buyer looking for a renovation project, this property offers incredible potential in a sought-after location. Cash purchase only. This property will not qualify for FHA, USDA, or VA financing. Don't miss your chance to transform this hidden gem into something amazing!

8 County Road 529, Como

Listing courtesy of Delacy Howell with Delacy Howell Realty
427 Cherokee Drive, Oxford
$495,000
4 Beds ⋅ 2 Baths ⋅ 4156764 MLS
Sellers bought this exceptionally located 4/2 about a year ago. Renovated and planned to enjoy Oxford's incredible community and Ole Miss. Kids changed plans and decided to attend Ole Miss and Seller decided on a Townhome instead. Updates completed with the exception of full kitchen and bath updates. Location is amazing, and walking to the park or Volta or Big Bad Breakfast is easy. Longer walk or easy bike ride or scooter ride will get you to the square faster than you can drive and park. Corner lot with awesome front yard. New fence around a back patio that has gas pre-plumbed for a grill. The front covered patio is perfect for a circular seating area and rocking chairs. The neighborhood is a mix of mature families and newly started ones. Cherokee is a very private neighborhood. Oxford continues to dominate growth trends in MS and the success of the University is not slowing down especially with the anticipation of the new entertainment district around Vaught Hemingway.

427 Cherokee Drive, Oxford

Listing courtesy of Chad C Segrest with Hopper Properties
51 Business 7, Abbeville
$150,000
3 Beds ⋅ 2 Baths ⋅ 4155198 MLS
Located in the highly sought-after Lafayette County School District and just 15 minutes from Ole Miss, this 3-bedroom, 2-bath home sits on a fully fenced 0.48-acre lot. Whether you're searching for a primary residence, investment property, or future rental, this home offers plenty of potential. The property needs some TLC but provides an excellent opportunity to make improvements over time while building equity. Its convenient location near Oxford and the University of Mississippi makes it appealing for both homeowners and investors alike. With strong short-term or long-term rental possibilities, this property could be a great addition to your portfolio or a place to call home. Don't miss this opportunity to purchase in a desirable area at an affordable price. Selling as-is.

51 Business 7, Abbeville

Listing courtesy of Justin A Mitchell with Five Star Realty LLC
439 County Road 444, Oxford
$238,000
3 Beds ⋅ 2 Baths ⋅ 4150791 MLS
Well maintained 3 bed 2 bath Manufactured home on 5 acres in Oxford, MS

439 County Road 444, Oxford

Listing courtesy of Jason D Miller with eXp Realty
608 County Road 428, Paris
$314,900
2 Beds ⋅ 2 Baths ⋅ 4149779 MLS
Tucked away on 7.1 private acres in Lafayette County, this beautifully built brick home offers the perfect blend of comfort, functionality, and seclusion. Constructed in 2021, this 2-bedroom, 2-bath home features an open-concept layout with granite countertops, custom cabinetry, and a spacious kitchen designed for everyday living and entertaining. The split floor plan provides privacy, while the large laundry room offers additional storage and convenience. Enjoy peaceful views from every window and the serenity of a property that cannot be seen from the road. Outside, you'll find a huge shop with electricity and a concrete floor—ideal for hobbies, equipment storage, or a home business. A separate barn adds even more versatility for livestock, storage, or recreational use. Whether you're looking for a private homestead, hobby farm, or country retreat, this one-of-a-kind property offers endless possibilities just a short drive from Batesville, Oxford, and Sardis.

608 County Road 428, Paris

Listing courtesy of Delacy Howell with Delacy Howell Realty
453 Olive Branch Way, Oxford
$459,000
4 Beds ⋅ 5 Baths ⋅ 4147818 MLS
4BR/4.5BA Condo in highly desirable Rowandale community & prime location in Oxford! Updated kitchen w/ stainless steel appliances & granite countertops. Each room with it's own private full bathroom with granite countertops and large walk in showers. Luxury vinyl plank flooring throughout living area and other common living areas! Ideal for owners with students, rental, weekend getaways, gameday weekends or full time living! Amenities include 2 pools, dog park, basketball, pickleball, & sand volleyball courts. Prime location-just 1.9 miles to the Oxford Square & 2 miles to Ole Miss campus, plus it is on the Oxford University Transit line stop. Long term/short rentals allowed. Unlike some of the other units, this condo has large front lawn area perfect for gameday cornhole or just relaxing in the additional yard space. Motivated Seller!!

453 Olive Branch Way, Oxford

Listing courtesy of Melissa Reed with BHHS McLemore & Co Realty
27 Cr 256, Etta
$144,900
4 Beds ⋅ 3 Baths ⋅ 4086891 MLS
Don't miss this home situated on 0.41 +/- acres just off of Hwy 30 on the north side of CR 256 outside of Oxford in Lafayette County, MS. The house features 4 bedrooms, 2.5 baths, a large living room with gas logs and kitchen/dining room. The home is a 1987 mobile home with a large addition in 1998. It contains 2,368 sf of heated area in good condition. Floor covering is vinyl and carpet. Heating and cooling is provided with an electric central unit. There are also gas wall heaters. The seller added a new metal roof in 2020. Vehicle storage is provided with an attached two car garage with a 12 x 16 storage room. Enjoy your morning coffee on the 16 x 24 wood deck. Appliances that remain include the stove, dishwasher, refrigerator and the clothes washer and dryer.

27 Cr 256, Etta

Listing courtesy of Tom Wiseman with Tom Smith Land & Homes, Llc
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