Grayson County Homes under $500,000

Welcome to Grayson County, Texas – a hidden gem in the heart of North Texas that seamlessly blends small-town charm with modern conveniences. Nestled just north of the bustling Dallas-Fort Worth metroplex, Grayson County boasts picturesque landscapes, friendly communities, and a rich history that dates back to the 1800s. With its vibrant local culture, numerous parks, and recreational opportunities, it’s no wonder that families, retirees, and young professionals alike are drawn to this enchanting area.

One of the most appealing aspects of Grayson County is the affordability of its real estate market. Here, you can discover a variety of beautiful homes priced under $500,000, making it an ideal destination for first-time homebuyers or those looking to downsize without compromising on quality. From charming single-family homes in quaint neighborhoods to modern townhouses with all the latest amenities, there’s something for everyone in this diverse housing market.

Imagine sipping your morning coffee on a spacious porch, surrounded by the serene beauty of nature, or hosting family gatherings in your new backyard oasis. With a range of styles and sizes available, you can find the perfect home that suits your lifestyle and budget. Plus, with excellent schools, a strong sense of community, and easy access to nearby cities, Grayson County is not just a place to live; it’s a place to thrive.

Explore the possibilities that await you in Grayson County, where your dream home is well within reach!

Newest Grayson County Homes under $500,000

$145,000

2 Beds ⋅ 2 Baths ⋅ 21407795 MLS

Looking for a property with privacy, potential, and room to dream? This unique opportunity in Gordonville offers a 2-bedroom, 2-bathroom home with plenty of potential for someone ready to add their personal touch. This property is a chance to make a home your own while investing in a setting that is hard to find. Located outside city limits, the property backs up to U.S. Army Corps of Engineers property, offering a peaceful, wooded backdrop with no direct neighbors behind you and a natural setting right on Lake Texoma. The property also features a large workshop with electricity, two additional buildings with electricity, and two sheds, providing plenty of space for hobbies, storage, projects, or workspace. A fenced backyard adds functionality and offers room to envision outdoor living, gardening, or creating your own private retreat. Whether you're looking for a place to put down roots, need room for your equipment and projects, or are searching for a property with the potential to become something special, this diamond in the rough is full of possibilities. Bring your vision and discover the opportunity waiting!

162 Plum Ln, Gordonville

$437,000

3 Beds ⋅ 2 Baths ⋅ 21409650 MLS

Welcome to this beautiful 2025-built home in Collinsville, offering 3 bedrooms, 2 bathrooms, a dedicated office, and 1,994 square feet of thoughtfully designed living space! The inviting open-concept floor plan features wood-look tile flooring, a stunning stone fireplace, and plenty of natural light throughout. The spacious kitchen is sure to impress with quartz countertops, double ovens, a large center island, and ample space for entertaining. The primary suite offers a relaxing retreat, while the additional bedrooms provide plenty of space for family or guests. A dedicated home office provides the perfect space to work from home or enjoy a quiet retreat. Additional features include a convenient built-in mud bench, spray foam insulation for added energy efficiency, and a covered back patio perfect for relaxing or entertaining. Situated on approximately a quarter-acre lot with no HOA, this home offers the charm of small-town living with the modern features you’ve been looking for. Don’t miss your opportunity to make this beautiful home yours!

804 Mary Lee Ln, Collinsville

$350,000

3 Beds ⋅ 2 Baths ⋅ 21407087 MLS

Enjoy the privacy and space of 2.7 acres without the upkeep that comes with a larger tract. This charming, move in ready home offers the perfect combination of acreage, privacy, and convenience with plenty of room to spread out and enjoy the property. The home has been beautifully refreshed and extensively updated with new cabinets, countertops, flooring, appliances, and updated finishes throughout. Major improvements include a repaired roof and leveled foundation with a warranty in place. The HVAC system has been serviced, and the garage features electrical updates for added peace of mind. Conveniently located just a short drive from major highways, shopping, and dining, this property gives you the privacy of acreage while keeping everyday amenities within easy reach. With thoughtful updates and a spacious 2.7 acre setting, this is an opportunity you will not want to miss.

268 Tweedy Bird Ln, Whitewright

$349,000

4 Beds ⋅ 2 Baths ⋅ 21400105 MLS

Enjoy the best of both worlds with this beautiful home in Seasons West Subdivision, located in west Sherman! Situated on just over one acre within city limits, this property offers plenty of outdoor space while still enjoying city services. The home features 4 bedrooms, 2 bathrooms, and a 3-car garage. The open floorplan connects the kitchen, dining, and living areas, with a kitchen island that provides extra workspace and a great spot for gathering. Two pantry spaces offer additional storage, while the split-bedroom layout provides added privacy. Carpeted bedrooms are complemented by tile and wood flooring throughout the rest of the home. Outside, the fully fenced backyard offers room to spread out, along with an extra storage shed for your tools, equipment, or outdoor essentials. An added bonus: the solar panels will be paid off at closing! If you’re looking for space, convenience, and a great location in west Sherman, this home is worth a look. Schedule your showing today! Buyer and Buyer's Agent to verify all info in listing is correct.

602 Seasons W, Sherman

$319,000

4 Beds ⋅ 2 Baths ⋅ 21409294 MLS

Originally built in 1918 this home is one of the nicer homes located on main street. It still retains a lot of its original charm but has been nicely updated throughout. Recent repairs and upgrades include foundation, full electrical upgrade, new HVAC Plumbing and bath updates, and Quartz counters. The hardwood original floors in the front have been refinished and the rest of the home has new LVP and carpet. This home has plenty of room to entertain and has a nice formal dining set up with Glass French doors. The lot is huge with rear access and covered parking.

512 E Main St, Whitesboro

$379,000

4 Beds ⋅ 3 Baths ⋅ 21408901 MLS

This spacious house sits on an extra-large lot in the heart of Van Alstyne. The home offers about 3,100 sq ft and features a beautiful pool and gazebo outdoor living area. This home has been well maintained and loved and is ready for a new buyer. The house has 3 living areas. One of them would also serve as a large dining room if needed. The primary bedroom has a large ensuite bath. The study is located at the front of the house. Upstairs, the home has 3 large bedrooms and a game room. This house has no carpet. This part of the neighborhood has natural gas. This house has a gas stove, gas-powered fireplace, gas water heaters, and gas heat. The backyard is beautifully landscaped. The yard has room for a play area. The extra-long driveway and attached garage located in the back of the house make parking easier for a family with several cars. The board-on-board fence was installed in 2021. The roof was replaced in 2023, and the HVAC in 2022. The new AC unit includes all new ductwork. The garage door was replaced in 2025. There is tons of storage with 3 different attics. This property is located directly across from Partin Elementary in wonderful Georgetown Estates with lots of parks surrounding. Your kids will love the large community pool. Van Alstyne is a thriving, growing town with many restaurants, stores, a farmers market, and concerts and festivals. VA is the place to be! VAISD is a sought-after A-rated school district This move-in-ready house is priced to sell. Open house Saturday, October 17th.

204 Newport Dr, Van Alstyne

$87,000

2 Beds ⋅ 1 Baths ⋅ 21407200 MLS

ATTENTION INVESTORS, FLIPPERS, AND BUILDERS: This is the math-making project you have been waiting for in Whitewright. Priced aggressively at $94,900, this package includes a 1,233-square-foot historic 1910 cottage PLUS an adjacent 0.163-acre buildable lot with its own parcel ID (0.326 acres total). This property is being sold strictly AS-IS and is a prime candidate for a full cosmetic and systems overhaul. Whether you are looking for your next fix-and-flip, a long-term rental hold, or a multi-phase development project, the margins and exit strategies here are undeniable. The existing home features classic Texas cottage bones with a covered front porch, an attached carport, and a spacious layout that includes a converted great room with an original fireplace mantle. The interior currently features vintage wood paneling, a large eat-in kitchen footprint, and a combined utility and bathroom space that is ripe for reconfiguration. The property requires significant TLC, including roof evaluation, ceiling repairs, kitchen and bath gutting, and flooring, making it ideal for a seasoned contractor or cash buyer ready to get their hands dirty. The true X-factor is the extra lot. You have the flexibility to renovate the existing structure and sell the package, hold the home as a rental while building new construction next door, or split the parcels to maximize your return on investment. The property is connected to city water and sewer. Located just blocks from downtown Whitewright and local schools, the location offers strong resale or rental demand once completed. Do the math - With recent renovated sales in Whitewright pushing well past $150 per sq ft, the ARV potential on the existing home alone leaves plenty of meat on the bone, let alone the value of the vacant lot. Cash or conventional financing only. No blind offers. Bring your contractor, run your numbers, and submit your highest and best. This investor special will not last long at this price point.

307 W Spruce St, Whitewright

$150,000

4 Beds ⋅ 3 Baths ⋅ 21408897 MLS

BRING YOUR LADDERS, PAINT BRUSHES, HAMMER AND NAILS, for this one. Priced according to condition of home. It is a Diamond in the ruff. Spacious four bedrooms, two and a half baths, living room, formal dining room, breakfast room, utility room, sunroom. Zoned CH&A. Separate two car garage. Fenced backyard. A tree fell on the home this past spring. Seller does not have insurance to cover repairs. Located just off Highway 75. Close to downtown Sherman. Easy access to Churchs, Schools, Parks, Restaurants, Shopping, City Swimming Pool, Banks and so much more.

900 W Washington St, Sherman

$162,500

2 Beds ⋅ 1 Baths ⋅ 21408852 MLS

2 BR - 1 Ba, Cute, Cozy Cottage Style home on large DOUBLE LOT in a desirable area of Northwest Denison. This property is located in a quite mature neighborhood convenient to all of the in-town merchants of necessities from Grocery, CVS, Take Out and easy delivery if needs are required or desired and offers ample living space in a smaller floorplan. Living room, large open eat in kitchen, 2 bedrooms and full bathroom along with a full-size utility room off kitchen with exit access to the back patio deck and backyard. Front yard offers flower bed framed, concrete front patio with porch entry cover that welcomes you home to this Cute, Cozy Cottage Style home on a Large Double Lot! Motivated Seller. Please see showing instructions due to current pets. Interior Pics Coming Soon.

2819 W Elm St, Denison

$260,000

3 Beds ⋅ 2 Baths ⋅ 21406772 MLS

Discover the charm of this inviting 3-bedroom, 2-bathroom home with a 2-car garage, nestled in a quaint, quiet neighborhood. Perfect for a small family, this home offers comfortable living spaces and plenty of room to create lasting memories. The kitchen comes fully equipped with all appliances, a pantry, and easy access to a separate dining room featuring a beautiful built-in china hutch. Enjoy the convenience of a dedicated laundry room complete with a full-size washer and dryer. Step outside to the covered patio, the perfect spot to sip your morning coffee, unwind after a long day, or enjoy peaceful evenings outdoors. With its comfortable layout, thoughtful features, and welcoming atmosphere, this home is ready for you to make it your own!

305 Ross Ave, Denison

$125,000

3 Beds ⋅ 1 Baths ⋅ 21408533 MLS

Charming 3-Bedroom Home Across from Ely Park in Sherman! Location, convenience, and comfort come together in this inviting 3-bedroom, 1-bath home in the heart of Sherman, Texas! Featuring a welcoming eat-in kitchen and a functional floor plan, this property offers a wonderful opportunity for homeowners or investors alike. Situated directly across the street from Ely Park, you'll enjoy easy access to outdoor recreation and green space just steps from your front door. Conveniently located near shopping, dining, schools, and everything Sherman has to offer. Whether you're purchasing your first home, downsizing, or expanding your investment portfolio, this property is full of possibilities. Come discover the convenience of living close to it all!

319 W Moore St, Sherman

$225,000

3 Beds ⋅ 2 Baths ⋅ 21408593 MLS

Space, privacy and convenience on a 2-acre corner lot just outside Denison city limits. You get the open feel of country living while still being close to shopping, dining and everyday conveniences. Two full acres give you room for a garden, a shop, outbuildings, animals, RV and boat parking, or simply open space and quiet evenings outdoors. The corner lot adds easy access and visibility. The 3 bedroom, 2 bathroom home has been cherished by it's owners and is move in ready with room to update and make it your own. Refrigerator, washer and dryer stay! Water supplied by private well. Schedule your showing today.

3111 Preston Rd, Denison

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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