Elon Homes under $400,000

Elon Homes under $400,000

Welcome to Elon, North Carolina – a charming town that beautifully blends small-town warmth with vibrant community spirit. Nestled in the heart of Alamance County, Elon is best known for its picturesque landscapes, rich history, and the prestigious Elon University, which adds a youthful energy to the area. With its tree-lined streets, friendly neighborhoods, and a variety of local shops and restaurants, Elon is an ideal place for families, students, and professionals alike.

One of the most appealing aspects of Elon is its accessibility to affordable housing. For those seeking a home under $400,000, the town offers a diverse selection of properties that cater to various lifestyles. From cozy single-family homes and charming bungalows to modern townhouses, you’ll find something that suits your needs and budget. Many of these homes feature spacious yards, updated amenities, and are located within close proximity to parks, schools, and community resources.

In addition to its affordability, Elon boasts a strong sense of community, making it a wonderful place to live. Residents enjoy numerous recreational opportunities, including hiking and biking trails, local events, and a vibrant arts scene. The town’s commitment to education and family-friendly atmosphere further enhances its appeal.

If you’re looking for a place that combines affordability with a rich community spirit, Elon, NC, is the perfect destination. Explore the available homes under $400,000 today and discover why so many are proud to call Elon home!

Newest Elon Homes under $400,000

100 Campus Walk Trail Unit #302, Elon
$198,000
3 Beds ⋅ 3 Baths ⋅ 1239488 MLS
Completely move-in ready! This prime 3rd-floor condo features stunning vaulted ceilings with skylights that flood the space with beautiful natural light. Perfect as an excellent investment opportunity or a student home, this 3-bedroom, 3-full-bath unit has fresh paint throughout and comes fully equipped with all appliances included. Enjoy ultimate convenience just minutes from Elon University with a stop directly on the campus shuttle route.

100 Campus Walk Trail Unit #302, Elon
208 Ashley Trace, Elon
$395,000
3 Beds ⋅ 3 Baths ⋅ 1238263 MLS
This traditional brick home sits on a 0.4-acre lot with mature landscaping, giving you space to enjoy the outdoors. Inside, hardwood floors bring warmth to the main living areas and downstairs is freshly painted throughout. A living room with a fireplace, dining room and a kitchen with granite countertops offer comfortable spaces for everyday life and gathering with guests. Upstairs, you'll find three bedrooms, including a spacious primary suite. The home also features two and a half baths and a two-car garage. Downstairs HVAC 2026, new kitchen appliances 2026, vinyl windows and roof 2020. Ashley Woods offers a neighborhood setting with no HOA, plus the option to join the community pool. Western School district. Convenient access to Elon, Gibsonville, Burlington and I-40/I-85. A one-year standard home warranty is offered plus seller is offering $5000 towards new carpet/refinishing hardwoods.

208 Ashley Trace, Elon
2549 Ossipee Front Street, Elon
$215,000
3 Beds ⋅ 2 Baths ⋅ 1237701 MLS
2549 Ossipee Front St is a two-story Elon home with 1,577 square feet of living area, three bedrooms, and two bathrooms. The kitchen has cabinetry, an installed range and refrigerator, and counter space beside the dining area. Wood-look floors carry into the living space, where windows bring in natural light. The floor plan places one bedroom and a full bath on the main level, with two more bedrooms and another bath upstairs. A laundry area with an installed washer and dryer sits inside the home, and the rear yard provides space beyond the main living rooms. Included 100-Day Home Warranty with buyer activation

2549 Ossipee Front Street, Elon
102 Campus Walk Trail Unit #303, Elon
$209,000
3 Beds ⋅ 3 Baths ⋅ 1236412 MLS
Elon parents & investors, this is the one! This third floor - that means high ceilings, a vaulted living room, & a skylight! - polished rental comes fully furnished & is currently occupied with tenants. And it's fully rented through July 31, 2027, to finish out the academic year! Current Elon parent sellers have made many improvements during their 3-year ownership, including a new front door, new refrigerator/dishwasher/washer/dryer, & new LVP flooring installed in bedrooms/bathrooms in 2025. A favorite for the tenants is a beautiful & bright sunroom. A separate dining room adds valuable space to this bright & cheery condo. One last thing - & it's WONDERFUL! - the owners' most recent improvement is a brand-new HVAC system - just installed in July 2026! Priced to sell at $209,000, this well-maintained, furnished Partners Place condo is ready for YOU!

102 Campus Walk Trail Unit #303, Elon
216 Underwood Road, Elon
$260,000
3 Beds ⋅ 1 Baths ⋅ 1233944 MLS
A rare find—brick ranch on 2 acres with major updates and space to expand. This 3-bedroom, 1-bath home features hardwood floors throughout, a beautifully remodeled bathroom, new HVAC, updated plumbing, a new hot water heater, and a 2020 roof, giving buyers confidence from day one. The unfinished basement is a blank canvas ready for your vision. Outdoors, the fenced acreage is ideal for pets, gardening, or simply enjoying the privacy of your land. With all appliances included—including new front-load washer and dryer—this property delivers unbeatable value, modern improvements, and future potential in one package. Schedule a showing today!

216 Underwood Road, Elon
1416 Stone Gables Drive, Elon
$340,000
4 Beds ⋅ 2 Baths ⋅ 1233689 MLS
Welcome to 1416 Stone Gable Drive in the charming town of Elon -- a beautifully maintained 4-bedroom, 2-bath home offering approximately 1,862 square feet of comfortable living space just one mile from Elon University. This move-in ready home combines thoughtful upgrades with everyday functionality. The spacious living room features a striking industrial ceiling fan and cozy gas log fireplace, creating the perfect gathering space year-round. The kitchen is equipped with a gas oven ideal for home chefs and entertaining alike. The finished garage adds exceptional versatility with built-in shelving for organized storage or workspace needs, while the full attic provides abundant additional storage space. Recent maintenance includes a serviced HVAC system for added peace of mind. Outside, the professionally installed French drainage system enhances the property's long-term durability and drainage efficiency. Conveniently located near shopping, dining, and the heart of Elon.

1416 Stone Gables Drive, Elon
102 Campus Walk Trail Unit #301, Elon
$210,000
3 Beds ⋅ 3 Baths ⋅ 1233491 MLS
Living at Its Finest - 3 Bedroom Condo with Private Suites & Campus Shuttle services. Steps from everything you need. This exceptional property sits minutes from Elon University with a dedicated campus shuttle stop right in the community—no more parking hassles, just hop on and go. Three spacious private bedrooms, each featuring its own attached full bathroom and generous walk-in closet. No more sharing bathrooms—every resident enjoys complete privacy and comfort. Soaring vaulted ceilings and an abundance of natural light streaming through oversized windows and skylights create an airy, open atmosphere. The sunroom offers a bright retreat for morning coffee or study sessions, while the separate dining room and great room, provide elegant spaces to entertain or unwind. The spacious kitchen boasts ample cabinetry and a full pantry for all your storage needs. Dedicated laundry closet with stackable washer and dryer included. Turnkey property that is ready for your ideas and dreams.

102 Campus Walk Trail Unit #301, Elon
1179 Nc Highway 87, Elon
$249,000
3 Beds ⋅ 2 Baths ⋅ 1231382 MLS
Seller is ready for an offer! Estate property with loads of potential! This brick/vinyl home offers spacious room options including living room, den and separate great room area as well as an unfinished basement. Main level primary bedroom, screened porch area and rear decking. The property offers 2.6 acres that is partially wooded. Carshed (18x20) and add'l detached garage (28 x 30) are great improvements to the property. Roof replaced by Mitchell Roofing in 2017. HVAC updated 2019/2020. Property is sold as is, no repairs. ABSS is rezoning for 2026-27 academic year and school attendance zones are subject to change.

1179 Nc Highway 87, Elon
2843 Holyfield Road, Elon
$231,000
2 Beds ⋅ 1 Baths ⋅ 1230924 MLS
*NEW PRICE! 1 YEAR HOME WARRANTY AND $1,000 TOWARD CLOSING COST'S!* Private backyard retreat with an in-ground pool! This charming 2-bedroom, 1-bath home offers an inviting combination of comfortable living space and exceptional outdoor amenities. The private fenced in backyard takes center stage with an in-ground pool, back deck, and space to enjoy the outdoors. Inside, fresh paint creates a clean, refreshed feel throughout. The large owner’s suite provides plenty of room to relax and features ample closet space for convenient storage. The eat-in kitchen offers a functional space for everyday meals, while the front porch adds welcoming curb appeal. With its manageable layout, fresh interior paint, front porch, back deck, one car detached garage, and exceptional outdoor space, this property offers a unique opportunity to enjoy a private pool and backyard setting in Elon while still being conveniently near shopping and dining. Come see for yourself!

2843 Holyfield Road, Elon
219 Trimble Drive, Elon
$320,000
3 Beds ⋅ 3 Baths ⋅ 1229913 MLS
Spacious 3-bedroom, 3-bath home offering over 2,667 square feet in the Manning Crossing community. Built in 2014, the home features a functional layout and convenient access to Elon University, shopping, dining, and major roadways. The interior may benefit from cosmetic updates, offering an opportunity for a buyer to make it their own. This is a court-ordered sale, and showings may be limited due to occupancy. Sale is subject to court approval and the applicable 10-day upset-bid period.

219 Trimble Drive, Elon
2848 Ricolden Trail, Elon
$338,999
3 Beds ⋅ 3 Baths ⋅ 1229709 MLS
Beautiful 3 bedrooms; 2.5 bathrooms; 2 story home. This home is spacious and open on the main floor; featuring a kitchen that opens to the great room and a separate dining area adjacent to the kitchen. The home includes a mud room off of the garage that leads to the living area of the home. The kitchen contains granite countertops, shaker style cabinets, a cooking island, bar stool seating area and Stainless-Steel appliances plus a refrigerator so you can live in your home on day 1. All bedrooms are upstairs with a master suite with walk-in closet and an ensuite bathroom containing dual vanities (Quartz countertops), garden tub and separate shower. Upstairs you will also find two additional bedrooms with a second full bathroom. The laundry room is upstairs so clothes don't have to carried up and down stairs. Make this home yours today!! ***Interior Pictures are from a previously built Harper plan. Actual home may vary from pictures***Builder is offering $5000 in flex cash**

2848 Ricolden Trail, Elon
1432 N NC Highway 87, Elon
$315,000
2 Beds ⋅ 2 Baths ⋅ 1228483 MLS
Welcome to this well-maintained brick home in Elon! The spacious living room features beautiful hardwood floors and a cozy wood-burning fireplace. There is a 3rd room with a window and a closet with multiple uses based on your needs. The kitchen offers ample cabinet storage and plenty of workspace. Relax year-round in the bright sunroom overlooking the fenced backyard, complete with an above-ground pool, back deck, and pergola—perfect for entertaining. The fully updated primary bath adds a modern touch. A full unfinished basement perfect for workshop, storage, and recreational activities. Additional features include a 2-car attached garage with new garage door motor and spring, interior French drain, newer well pump, new hot water heater, wired for generator, and a well filtration system. This home offers the perfect blend of comfort, space, and valuable updates.

1432 N NC Highway 87, Elon
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