San Francisco Homes under $500,000

Welcome to San Francisco, a vibrant city known for its iconic Golden Gate Bridge, rolling hills, and eclectic neighborhoods. Nestled in the heart of California, San Francisco is a cultural melting pot that offers a unique blend of historic charm and modern innovation. From the bustling streets of Chinatown to the artistic vibes of the Mission District, there’s something for everyone in this picturesque city by the bay.

For those looking to make San Francisco their home without breaking the bank, you’ll be pleased to know that there are options available under $500,000. While the market can be competitive, savvy buyers can discover hidden gems that offer both value and potential. These homes often come with the charm of older architecture and the opportunity for customization, allowing you to create your dream space in one of America’s most desirable locations.

Imagine sipping coffee in a cozy studio or a quaint one-bedroom apartment, all while being just a stone's throw away from the city’s vibrant culture and stunning waterfront views. Whether you’re a first-time homebuyer, an investor, or simply seeking a change of scenery, San Francisco’s real estate market has something to offer.

Explore neighborhoods like Bayview-Hunters Point or Excelsior, where you can find affordable housing options that still provide easy access to the city’s amenities. With a little research and the right guidance, your dream of living in San Francisco can become a reality. Embrace the charm of this iconic city and discover your perfect home today!

Newest San Francisco Homes under $500,000

$389,900

1 Beds ⋅ 1 Baths ⋅ 280 SqFt. ⋅ 426163557 MLS

Unlock the potential of 1279 Gilman Avenue, a unique opportunity in San Francisco's Bayview district. Situated on an approximately 2,495 sq. ft. lot, this property presents an attractive opportunity whether you're a developer searching for your next project, an investor looking to unlock additional value, or an end user with a vision for a custom San Francisco residence, 1279 Gilman Avenue offers an opportunity to reimagine the property from the ground up. With existing water and utility connections on site, the property provides a compelling starting point for those looking to explore new construction or redevelopment possibilities. Offered strictly as-is, the existing structure is boarded and the property is being marketed primarily for its land and redevelopment potential. Buyers and their agents are encouraged to independently investigate and verify all information, including zoning, allowable uses, development potential, permitting requirements, utilities, lot dimensions, and building requirements with the appropriate City of San Francisco agencies.

1279 Gilman Avenue, San Francisco

Listing courtesy of eXp Realty of California Inc..

766 Harrison Street Unit #214, San Francisco

$399,000

1 Baths ⋅ 266 SqFt. ⋅ 426163278 MLS

Come enjoy the beauty and convenience of SoMa in San Francisco. A vibrant community for professionals and those who enjoy access to walkable amenities. Enjoy your kitchenette, bathroom, room and no wasted space, along with a washing facility on every floor. This studio offers a street view through an entire glass wall of windows that overlooks Harrison St, with a 5-star Japanese restaurant directly below. This is one of the few units in the Cubix Yerba Buena building that offer a full view and no shared patio with neighboring units. Wake up to this one-of-a-kind view of the city. Prime SoMa location near Whole Foods, Moscone Center, and Union Square with world-class walkability, biking, and transit right outside your door. Everything downtown San Francisco has to offer is within easy reach, including a view of Oracle Park from your rooftop. The rooftop includes covered seating for entertaining, or just admiring the beautiful views of Salesforce Tower as it lights up the night sky, and the Alice St. public garden below. Come own your home in San Francisco!

766 Harrison Street Unit #214, San Francisco

Listing courtesy of Lifestyle Realty.

550 Innes Avenue Unit #101, San Francisco

$499,900

1 Beds ⋅ 1 Baths ⋅ 424084517 MLS

Invest in Your Future at 550 Innes Ave Unit 101 in San Francisco's Hunters Point. Be part of the exciting transformation happening in Hunters Point, just five miles southeast of downtown San Francisco. This well-appointed condo offers a unique opportunity to invest in a neighborhood on the rise. Unit 101 features a granite kitchen with stainless steel appliances, ample storage, and an in-unit washer/dryer for added convenience. The neighborhood boasts historic buildings, a thriving artist community, and beautiful outdoor spaces like Heron's Head Park and Candlestick Point State Recreation Area. With easy access to businesses like the impending neighborhood Whole Foods and major employers including Genentech, universities, and hospitals, 550 Innes Ave Unit 101 provides the perfect balance of urban living and community charm. The tranquil park at the center of the community is a great place to take an evening stroll or meet the neighborhood's furriest residents. Don't miss your chance to invest in this Hunters Point gem. Schedule your viewing today and discover the potential of 550 Innes Ave Unit 101.

550 Innes Avenue Unit #101, San Francisco

Listing courtesy of Real Estate Source Inc.

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .