Homes Under $500K in Canyon Lake, TX

50 active homes under $500k in Canyon Lake, TX · The median list price in Canyon Lake is $499,500.

Price Cut

$389,000

107 Garrett Way, Canyon Lake TX 78133

MLS #232501208 · Watters International Realty · Chris Watters

4 bd·3 ba·1,995 sqft

$397,000

224 Circle HVN, Canyon Lake TX 78133

MLS #241110810 · Compass RE Texas, LLC · Holly Harwood

3 bd·2.5 ba·2,518 sqft

$397,000

1070 Timberlane DR, Canyon Lake TX 78133

MLS #242659758 · eXp Realty, LLC · Cederick Harris

3 bd·2 ba·1,840 sqft

Price Cut

$399,900

1773 Desiree ST, Canyon Lake TX 78133

MLS #239918879 · Chriss Brokerage LLC · Bobby Balch

3 bd·2 ba·1,668 sqft

$399,999

970 Parkview DR, Canyon Lake TX 78133

MLS #244870447 · Keller Williams Realty · Joaquin Lopez

3 bd·2.5 ba·2,258 sqft

Price Cut

$414,900

231 Vip DR, Canyon Lake TX 78133

MLS #239969808 · Sullivan Hill Country Properti · Justian Sullivan

4 bd·2 ba·2,080 sqft

$419,900

381 Monarch, Canyon Lake TX 78133

MLS #237966368 · Sullivan Hill Country Properti · Justian Sullivan

3 bd·2 ba·1,707 sqft

Motivated Seller

$399,500

785 Park SHRS, Canyon Lake TX 78133

MLS #244647683 · Sullivan Hill Country Properti · Justian Sullivan

2 bd·1 ba·1,736 sqft

Price Cut

$435,000

1802 Cattail DR, Canyon Lake TX 78133

MLS #225699620 · C4 Real Estate of Texas · Rocky Collette

3 bd·2 ba·1,861 sqft

$439,500

1615 Rocky Ridge Loop, Canyon Lake TX 78133

MLS #244467742 · Southern Capital Realty · Chad Hahn

3 bd·2 ba·1,681 sqft

$439,900

581 Lorne RD, Canyon Lake TX 78133

MLS #245656802 · Sullivan Hill Country Properti · Justian Sullivan

3 bd·2 ba·1,718 sqft

Price Cut

$439,000

901 Glenn DR, Canyon Lake TX 78133

MLS #239264801 · Keller Williams Heritage · Jan Boyle

3 bd·1.5 ba·1,400 sqft

$460,000

620 Lake Island DR, Canyon Lake TX 78133

MLS #225957736 · Saxet Realty, Inc · Cindy Griffin

3 bd·2 ba·1,963 sqft

$465,000

1562 Windmere, Canyon Lake TX 78133

MLS #242977395 · Coldwell Banker Realty · Nikki Perez

3 bd·2.5 ba·1,921 sqft

Price Cut

$469,000

1203 Lakefield, Canyon Lake TX 78133

MLS #242287890 · WoW Properties · Doc Jones

2 bd·2 ba·2,016 sqft

Price Cut

$474,900

1130 Canyon Springs DR, Canyon Lake TX 78133

MLS #242115627 · eXp Realty, LLC · Yitzchak Pierson

3 bd·2.5 ba·2,046 sqft

$499,000

310 Shayla LN, Canyon Lake TX 78133

MLS #245612205 · Christies Intl Real Estate Lone Star · Laura Flores

3 bd·2.5 ba·2,450 sqft

Motivated Seller

$125,000

1086 Pecan CIR, Canyon Lake TX 78133

MLS #241579608 · Monica & Company Real Estate · Hilary Taylor

2 bd·2 ba·840 sqft

Price Cut

$165,000

625 Cypress DR, Canyon Lake TX 78133

MLS #246049200 · Monica & Company Real Estate · Kyler Gifford

3 bd·2 ba·1,088 sqft

$205,000

1256 Cougar DR #6, Canyon Lake TX 78133

MLS #246866224 · eXp Realty, LLC · Britt Robinson

2 bd·2 ba·1,158 sqft

$310,000

217 Rousey ST, Canyon Lake TX 78133

MLS #239742752 · Compass RE Texas, LLC · Shelli Beck

3 bd·2 ba·1,960 sqft

$267,900

1092 Willow DR, Canyon Lake TX 78133

MLS #245596187 · Andrew Phillips, Broker · Andrew Phillips

3 bd·2 ba·1,456 sqft

$339,900

2870 Candlelight DR, Canyon Lake TX 78133

MLS #246763689 · Sullivan Hill Country Properti · Justian Sullivan

3 bd·2 ba·1,470 sqft

$449,900

773 Lookout DR, Canyon Lake TX 78133

MLS #246655544 · Keller Williams Realty · Adelina Rotar

3 bd·2 ba·2,460 sqft

About Homes Under $500K in Canyon Lake, TX

Setting a price ceiling is one of the most useful ways to shop, and there are 50 homes for sale under $500K in Canyon Lake on the market right now, drawn from live MLS data — so you're seeing what's actually available in your range, not a stale list. How far a $500K budget goes depends on the Canyon Lake market, and the quickest gauge is the median list price shown above: when your ceiling is below the local median you're shopping the lower-priced end of the local market, and when it's near or above the median you're looking at a large share of what's available. Within a $500K budget you'll typically find a mix of property types — houses, condos, and townhomes, and in some areas newer construction — across different sizes, ages, and neighborhoods, so the trade-offs between them are where the real choice lives. You can filter the homes and houses for sale under $500K in Canyon Lake by beds, baths, and features to narrow the list, and open any listing for its full details and price history. Because HomeLocating is an independent home-search platform — not a national portal — you get a neutral, MLS-sourced view of what $500K actually buys in Canyon Lake today.

Buying a Home Under $500K in Canyon Lake

Shopping with a $500K ceiling in Canyon Lake works best when the number is real, so a few things are worth doing before you tour. Start with a lender: getting pre-approved tells you what you can actually borrow and what your monthly payment looks like at $500K, which is often different from a round budget in your head. Remember that the list price isn't the whole cost — property taxes, any HOA or MUD dues, and insurance all factor into what a home under $500K really costs each month, so it's worth looking at the full number. Within a fixed budget, the choice usually comes down to trade-offs: size, location and commute, the age and condition of the home, and new construction versus resale — deciding which of those matter most to you makes comparing homes far easier. And well-priced homes in a given range can move quickly, so knowing your criteria in advance helps you act when the right one appears. None of this is financial advice, and HomeLocating is not a lender — but it's what keeps a budget from being a guess. Because HomeLocating is operated by Walter Marin, REALTOR® with Compass, you can get help finding and buying a home under $500K in Canyon Lake directly through the site. When you're ready, browse the listings above and reach out about any that interest you.

Frequently Asked Questions

How many homes are for sale under $500K in Canyon Lake?

It changes as new listings come on the market and others go under contract. The homes under $500K shown here for Canyon Lake are drawn from live MLS data, so the count reflects what's actually available right now — the current total is shown with the results above.

What kind of homes can I get under $500K in Canyon Lake?

It depends on how $500K compares to the local market — the median list price for Canyon Lake is shown above. Within that budget you'll generally find a mix of houses, condos, and townhomes, and in some areas newer construction, across a range of sizes, ages, and neighborhoods. Filtering by property type and features narrows it to what fits.

How does a $500K budget compare to the Canyon Lake market?

The simplest gauge is the median list price shown above. If $500K is below the Canyon Lake median, you're shopping the lower-priced end of the market; if it's near or above the median, your budget covers a large share of what's listed. The live count shows how many homes currently fall under $500K.

How do I know what I can actually afford?

List price is only part of it — your real budget depends on your financing plus property taxes, insurance, and any HOA or MUD dues. Getting pre-approved with a lender tells you what you can borrow and what the monthly payment would be at $500K, so the number is based on your situation rather than a guess.

Are these listings current?

Yes — the homes under $500K shown here are drawn from live MLS data, so you're seeing current listings rather than a stale or padded list. As an independent platform, the goal is an accurate, neutral view of the Canyon Lake market.

Can HomeLocating help me buy a home under $500K in Canyon Lake?

Yes. HomeLocating is operated by Walter Marin, REALTOR® with Compass, so you can get help comparing homes in your budget, understanding the full monthly cost, and handling the offer directly through the site — reach out about any of the listings above.