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St. Thomas Homes for Sale Under $500,000
Homes listed for sale in the City of St. Thomas below $500,000, from the MLS® feeds on this site. Pick a home to see its photos and details.
St. Thomas homes for sale under $500,000 right now
74 homes for sale
Counts and results cover listings in the MLS® feeds on this site that identify themselves as a detached, semi-detached or townhouse home, or a condo apartment. They aren’t a count of every home on the market.
This page shows PropTx MLS® listings. More listings appear in the full search. Open the full search →
PropTxWhat Under $500,000 Buys in St. Thomas
A $500,000 budget sits close to the typical St. Thomas home: the MLS® Home Price Index benchmark was $490,400 in October 2026 (London and St. Thomas Association of REALTORS®). What it buys depends on the part of the city.
Around downtown and Talbot Street you’ll find century and post-war houses, and some duplex and apartment conversions. In the south-side communities, Lake Margaret and Miller’s Pond, the homes are newer detached homes, semis and townhomes. Harvest Run in the southeast has new townhomes and detached homes, and is the new-build area closest to the PowerCo site.
Lynhurst, on the northwest edge, crosses into Central Elgin and Southwold, and listings filed under those municipalities aren’t in these City of St. Thomas results. Ask me to include them →
Older homes deserve a thorough inspection, and some newer townhomes are condo townhomes with monthly fees. Budget for closing costs as well as the price. Plan your closing costs →
Buying Under $500,000 in St. Thomas
It depends on the part of the city. Around downtown and Talbot Street the homes are mostly century and post-war houses, with some duplex and apartment conversions. Lake Margaret and Miller's Pond on the south side have newer detached homes, semis and townhomes, and Harvest Run in the southeast has new detached homes and townhomes. For context, the MLS® Home Price Index benchmark for a typical St. Thomas home was $490,400 in October 2026 (London and St. Thomas Association of REALTORS®). What is listed changes week to week, so check the homes above.
No. This page shows homes listed at $499,999 or less. A home listed at exactly $500,000 is in the $500K to $600K search on the St. Thomas homes for sale page.
Detached, semi-detached and townhouse homes (freehold or condo) and condo apartments listed for sale. Not included: vacant land, commercial properties, rentals, multi-unit buildings, and listings whose property type identifies them as a leasehold condo or a mobile home or trailer. A home on leased land that the listing doesn't identify that way could still appear. Some conditional sales may appear. Check the listing details or ask Andy.
Not on this page. Sold prices are in the separate Sold Prices members area, which has its own sign-in and terms under the MLS® VOW rules.
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