💲 Prineville Homes for Sale Under $500,000 | Central Oregon

Prineville offers some of the best affordability in Central Oregon, with a wide range of homes priced under $500,000. This price point includes newer construction, established in-town neighborhoods, and select rural properties with added space and privacy — making Prineville a strong option for buyers seeking value without sacrificing lifestyle.

Prineville is one of the communities featured in Central Oregon’s Best Places to Live and continues to attract first-time buyers, move-up buyers, and investors looking for long-term value in a growing Central Oregon market.

What You’ll Find Under $500K in Prineville

Homes priced under $500,000 in Prineville span multiple property types and locations. Compared to higher-priced Central Oregon areas, this segment offers flexibility and choice.

Common options in this price range include:

Newer single-family homes in developing neighborhoods

Established in-town homes close to schools and services

Larger lots or modest acreage on the outskirts of town

Ranch-style and functional floorplans

Strong value relative to nearby markets

Inventory and condition can vary, so understanding neighborhood differences and property features is key. Many buyers start by reviewing Homes for Sale in Prineville, Oregon before narrowing their search by price.

Lifestyle & Location Benefits

Living in Prineville provides:

Easy access to the Ochoco National Forest

Proximity to fishing, hiking, and reservoir recreation

A relaxed small-town pace of life

Everyday conveniences within town

Reasonable commuting distance to Redmond and Bend

This balance of affordability and outdoor access is a major reason buyers consider Prineville at this price point.

Is a Home Under $500K in Prineville Right for You?

Homes under $500K in Prineville may be a great fit if you’re looking for:

Affordable homeownership in Central Oregon

More space for your budget

Access to outdoor recreation and open land

A quieter alternative to higher-priced markets

Long-term livability and value

Buyers who want additional land often also explore Prineville acreage homes as a comparison.

Browse Prineville Homes for Sale Under $500,000

View current Prineville homes for sale under $500,000 below. If you’d like help narrowing options, comparing neighborhoods, or setting up alerts for new listings in this price range, I’m happy to help.

 

👉 Get a custom list of Prineville homes under $500K
👉 Talk with a local Central Oregon real estate expert

 

$495,000
3 Beds ⋅ 3 Baths ⋅ 220226186 MLS
Full of character and thoughtfully refreshed, this nearly 2,000-square-foot home blends timeless architectural charm with modern updates. Originally built in the 1980s, it retains the distinctive design elements that make homes from this era so memorable, while offering the comfort and convenience of today's finishes. Inside, you'll find new flooring, fresh interior paint, updated appliances, and inviting living spaces designed for everyday living. Outside, the home shines with fresh exterior paint, beautifully landscaped grounds and a spacious yard that offers plenty of room to relax, entertain, garden, or play. Set in a location that feels pleasantly removed from the hustle while remaining convenient to nearby amenities, this home offers a unique opportunity to enjoy character, space and thoughtful updates all in one!

200 SW Beaver Street, Prineville

Listing courtesy of Homestead Realty LLC.

$385,000
3 Beds ⋅ 2 Baths ⋅ 220226164 MLS
Don't miss this light and bright 3-bedroom, 2-bathroom home on a spacious lot in Ochoco Ridge! A separate living room and family room offer ample space for entertaining and everyday living. A rare three-car attached garage -- perfect for car enthusiasts, a workshop setup, or simply all the storage you've been wishing for. Out back, you'll find a spacious, fenced backyard ready for summer barbecues, weekend gardening, or letting the dog run free. Extra space on the side of the home or behind the back gate to park your Central Oregon toys- RV parking, boat parking, or work vehicle parking. Check out the views of Barnes Butte from both the front and back yards. Right around the corner you will find the entrance to miles of paved trails that connect to the Barnes Butte Trail system and hundreds of acres of public land. The solar panels are fully owned and paid off.

725 NE Robin Place, Prineville

Listing courtesy of Keller Williams Realty Central Oregon.

$485,000
2 Beds ⋅ 2 Baths ⋅ 220226075 MLS
This charming single level bungalow has been meticulously remodeled and updated. Recent upgrades include a newer roof, windows, flooring, siding, fresh interior and exterior paint, and modern appliances for turn-key comfort and efficiency. The home features a 10' x 20' detached, heated guest room ideal as a private office, studio, or visitor suite. A new 36' x 48' shop offers exceptional utility with two 8' doors, one 12' RV bay, wood stove, and 125-amp service. Additional outbuildings include a chicken coop, livestock loafing shed, and storage shed. Set at the end of the road with private bridge access, the property is fully fenced for pets and livestock, includes several variety of fruit trees, and lies just outside city limits yet within the Urban Growth Boundary. Enjoy peace and privacy close to town. Move-in ready and beautifully maintained, this updated home is a rare find.

1475 SE Carey Foster Road, Prineville

Listing courtesy of RE/MAX Key Properties.

$339,000
2 Beds ⋅ 2 Baths ⋅ 220225958 MLS
This cottage is incredibly charming with a meticulously landscaped yard full of lush flowers and green grass. Don't let the two bedrooms or size deter you, the inside feels very spacious and has been tastefully updated throughout the years with laminate flooring, kitchen cabinetry, counters, appliances, and more. There is a spacious living room, sitting area, dining room, 2 bedrooms, 1.5 baths, plus a small mud room off the back. Outside there is a 2-car detached garage with alley access that has plenty of storage. Large side area is perfect for parking a boat, RV, or extra vehicles, or turn it into a larger garden with raised beds. Super cute outdoor fire-pit area and potting shed. Incredible opportunity to get into a well kept home.

845 NW Claypool Street, Prineville

Listing courtesy of eXp Realty, LLC.

$395,000
3 Beds ⋅ 2 Baths ⋅ 220225920 MLS
Step into this breathtaking single-level, stick-built home in the beautiful Golden Horseshoe (Ochoco West) community and see all that it has to offer. Features include LVP flooring, newer carpets, oak cabinets, quartz countertops, large kitchen island with lots of storage, ceiling fans throughout, including an attic fan, 2 year old roof, vaulted ceilings, fresh landscaping with raised garden beds, and so much more! This 1,704 square foot, 3 bedroom, 2 bath home, on a 0.22 acre lot, has been refreshed, upgraded and well-maintained. Enjoy all of the wonderful amenities the Golden Horseshoe community has available, such as a community center, swimming pool, hiking & ATV trails, fishing, a shooting range, and more. Don't miss this great opportunity to own this amazing home and take advantage of all the Golden Horseshoe community has to offer. Call your favorite real estate agent today to schedule your private tour!

11431 NW Morrow Avenue, Prineville

Listing courtesy of Bend Dreams Realty LLC.

$350,000
2 Beds ⋅ 1 Baths ⋅ 220225904 MLS
Escape to your own lake retreat at the beautiful Prineville Reservoir in Prineville, Oregon! This charming 2-bedroom, 1-bath vacation home offers breathtaking lake views, soaring vaulted ceilings, abundant windows, and a stunning floor-to-ceiling fireplace with a Heatilator for cozy evenings year-round. Enjoy easy access to boating, fishing, kayaking, swimming, and endless outdoor recreation in one of Central Oregon's favorite destinations. The newer metal roof provides peace of mind, while the spacious deck (ready for your vision) is perfectly positioned to take in the panoramic views. With plenty of parking, no HOA, and low-cost community water at just $300 per year, and backs up to over 10,000 acres of public land, this is an incredible opportunity for a vacation getaway, or peaceful lake retreat near Prineville Reservoir.

12417 SE Vista Loop, Prineville

Listing courtesy of Cascade Hasson SIR.

$450,000
3 Beds ⋅ 2 Baths ⋅ 220224558 MLS
This is a lovely single-level home, equipped with builder upgrades and extras: landscaping, covered back patio, upgraded lighting package, refrigerator, washer/dryer, blinds and A/C. You are greeted by tall ceilings, tastefully appointed finishes and fixtures, and an open concept. The open living room, dining area and kitchen features LVP flooring, gas fireplace, quartz counter tops, counter height island, SS appliances, and gas range. Primary suite includes a spacious room with recessed ceiling, walk-in closet and dual sinks. Entertaining and outdoor enjoyment is a breeze with the large fenced yard, covered patio and included front yard landscaping. Set in the delightful neighborhood of Ochoco Point with trails, pool, playground, basketball court, and grassy common areas. With the blend of modern amenities and a charming neighborhood, this is an opportunity not to be missed.

1076 NE Henry Drive, Prineville

Listing courtesy of Keller Williams Realty Central Oregon.

$483,000
3 Beds ⋅ 2 Baths ⋅ 220225488 MLS
Desirable, Better than new 1743 sq ft single level home in the popular Ironhorse Community. The open floor plan features vaulted ceilings in the great room, a gas fireplace, kitchen island, stainless steel appliances, solid quartz countertops, laminate flooring in the main living areas and carpet in all three bedrooms, with tiled primary shower. Enjoy the beautifully landscaped yard with front and rear sprinklers, fully fenced backyard east facing covered patio with views of barnes butte, access to trails with no backyard neighbors! the large lot offers RV parking for any extra toys or parking needs. Don't miss this well appointed home.

680 NE Trestle Street, Prineville

Listing courtesy of Brasada Ranch Real Estate.

$335,000
3 Beds ⋅ 1 Baths ⋅ 220225376 MLS
Tucked away on a quiet cul-de-sac, this home offers exceptional outdoor space, privacy, and a functional layout. The oversized front yard features additional trailer/boat parking, while gates on both sides of the home provide easy access for extra storage for all your recreational toys. Inside, the kitchen and dining area flow into the spacious living room, creating an open, light-filled space with new vinyl plank flooring installed in 2024. A sliding glass door off the dining room leads directly to the patio, making indoor-outdoor entertaining effortless. The thoughtfully designed floor plan places one bedroom on its own wing of the home, complete with a private door to the backyard. Outside, enjoy a newer roof ('24), fully fenced yard with two spacious side yards, a large grassy area for kids and pets to play, a storage shed, and no rear neighbors for added privacy. Schools are just a short walk away and close proximity to parks, shops & everything Prineville has to offer!

1242 SE 8th Street, Prineville

Listing courtesy of Engel & Voelkers Bend.

$422,900
4 Beds ⋅ 2 Baths ⋅ 220225195 MLS
Enjoy this home's spacious, open concept living and dining area, anchored by a cozy fireplace that is perfect for gathering. The move-in ready interior features fresh paint, durable laminate flooring, and remodeled bathrooms. Designed with privacy in mind, the split floor plan offers a secluded primary suite with an extra-large walk in closet and a stunning custom tiled shower. The 3 guest bedrooms, all with newer carpet, occupy the opposite wing. The full fenced backyard is ideal for entertaining, with a pergola covered patio, and custom paver firepit. There is plenty of storage throughout and ample room to park an RV right in the driveway! Situated directly across the street from a public park and just minutes from schools, medical facilities, downtown shopping, dining, and the Barnes Butte Trailhead. Plus, you are only 22 minutes away from Prineville Reservoir!

1670 SE Mountain View Drive, Prineville

Listing courtesy of Coldwell Banker Sun Country.

$389,000
3 Beds ⋅ 2 Baths ⋅ 220225170 MLS
New, New & Almost Everything NEW Inside. Remodel Completed June 2026. Don't miss this Almost Like New Home in desired Ochoco West Community. Fresh Paint Inside and Outside. All New Kitchen Appliances. New Flooring Throughout this home. New Kitchen Cabinets and Counter Tops. Two Full Bathrooms completely Brand New. Master Bathroom with Dual Sinks, Walkin Shower and New Lighting. Lots of room to park your RV on your Extra Lot. Call Michael for more information.

11200 NW Nye Avenue, Prineville

Listing courtesy of Oregon Group Realty LLC.

$405,000
3 Beds ⋅ 2 Baths ⋅ 220225147 MLS
Welcome home to this well maintained 3 bed, 2 bath home offering 1,704 square feet of comfortable living space. Designed with a functional layout, this home provides the perfect balance of open gathering spaces and private retreats, making it ideal for everyday living and entertaining. Step outside to enjoy the spacious backyard, where there's plenty of room to garden, play, or simply relax. Mature pear, peach, and cherry trees add both beauty and the opportunity to enjoy fresh fruit right from your own yard. Enjoy peace of mind with a new roof put on in Dec 2025! Whether you're looking for your first home, room to grow, or a place to settle into, this well cared for property offers comfort, functionality, and outdoor enjoyment in one inviting package. Don't miss your chance to make this wonderful home your own!

1552 NE Deedie Court, Prineville

Listing courtesy of Rival Realty Group.

$385,000
3 Beds ⋅ 2 Baths ⋅ 220225142 MLS
Welcome home to this 3-bedroom, 2-bath home featuring a spacious primary suite with a walk-in closet and an inviting open-concept living area that's perfect for everyday living and entertaining. The kitchen comes complete with all appliances, making this home truly move-in ready. The backyard offers generous space for relaxing, gardening, or gathering with family and friends. Located in the heart of Prineville, you'll enjoy the charm of a welcoming small-town community with easy access to parks, trails, and endless outdoor recreation. Whether you're looking for a peaceful place to call home or a basecamp for all that Central Oregon has to offer, this property is one you won't want to miss.

747 NE Black Bear Street, Prineville

Listing courtesy of Stellar Realty Northwest.

$389,000
3 Beds ⋅ 3 Baths ⋅ 220225113 MLS
Original owners of this wonderful 2 story home in a very desirable neighborhood. The long driveway provides extra space and parking. The front yard has a gorgeous rock and garden feature that invites you to the nice covered front porch. Inside you will find a large open floor plan that provides plenty of space. There is a galley style kitchen leading to the utility room and garage. The generous primary bedroom has vaulted ceilings and a ceiling fan as well as a walk in closet. The primary bath features a double vanity sink and a tub/shower combo. The sliding glass door leads to a paved patio and a large fully fenced backyard that even offers RV parking behind the gate. There is an apple tree and a pear tree as well as plenty of grass for the kids and pets. The shed is secure and is perfect for yard tools or extra storage. Home sits at the back of the large lot and at the end of a cul-de-sac.

609 NE Stoneridge Lane, Prineville

Listing courtesy of Coldwell Banker Sun Country.

$275,000
1 Beds ⋅ 1 Baths ⋅ 220225057 MLS
Discover the perfect blend of charm and efficiency with this adorable tiny home in Prineville, Oregon! Built in 2018, this 1-bedroom, 1-bath home is ideal as a starter home, downsizing opportunity, or investment property in the heart of Central Oregon. Rustic wood beam vaulted ceilings create a warm, inviting feel, while the open-concept kitchen with breakfast bar flows seamlessly into the living area. The home includes a stacked washer and dryer, making it truly move-in ready. Step outside to enjoy the welcoming front deck, a fully fenced backyard, and a storage building for all your tools and outdoor gear. Whether you're looking for an affordable home or a great rental opportunity, this charming Prineville, Oregon property is one you won't want to miss!

299 SE Togo Lane, Prineville

Listing courtesy of Cascade Hasson SIR.

$430,000
3 Beds ⋅ 2 Baths ⋅ 220225059 MLS
Discover this beautifully updated 3-bedroom, 2-bath home in Prineville, Oregon, nestled in a quiet cul-de-sac just minutes from downtown and the popular Barnes Butte Trail System. This move-in-ready Central Oregon home features a new roof, new flooring, and two fully remodeled bathrooms with stylish walk-in showers, all completed within the past two years. Enjoy year-round comfort with central A/C, a gas furnace, gas water heater, and a cozy gas fireplace. The low-maintenance, fully fenced backyard is perfect for relaxing or entertaining and includes a large storage building for tools, hobbies, or outdoor gear. Whether you're searching for a primary residence, retirement home, or investment property in Prineville, Oregon, this updated home offers modern upgrades, a desirable location, and easy access to parks, shopping, schools, and outdoor recreation in the heart of Central Oregon.

758 NE Sandstone Court, Prineville

Listing courtesy of Cascade Hasson SIR.

$325,000
2 Beds ⋅ 1 Baths ⋅ 220225058 MLS
Discover this charming 2-bedroom, 1-bath home in Prineville, Oregon, offering comfort, character, and an unbeatable location close to shopping, restaurants, parks, and all the conveniences of town. This inviting Central Oregon home features beautiful wood floors, a cozy gas fireplace, and a spacious primary bedroom that provides a relaxing retreat. Newer windows bring in abundant natural light while improving energy efficiency, and the newer back deck is the perfect place to enjoy morning coffee, entertain friends, or unwind after a day exploring everything Prineville and Central Oregon have to offer. A single-car garage provides convenient parking and extra storage. Whether you're a first-time homebuyer, looking to downsize, or searching for an investment opportunity, this move-in-ready home offers exceptional value in one of Central Oregon's most welcoming communities.

445 SE Fairview Street, Prineville

Listing courtesy of Cascade Hasson SIR.

$449,900
3 Beds ⋅ 2 Baths ⋅ 220225055 MLS
Welcome home to this charming property in Prineville, Oregon, offering space, flexibility, and endless possibilities in the heart of Central Oregon. The oversized private primary suite features a large walk-in closet and en-suite bath, making it an ideal in-law suite or potential ADU. The enormous laundry/mud room provides exceptional storage and could easily be transformed into a home office, craft room, or additional living space. The updated kitchen opens to a cozy living room with a gas fireplace, while the expansive family room with custom built-ins offers the perfect space for entertaining, movie nights, or even a pool table. Outside, enjoy a fully fenced .33-acre lot with a private backyard, mature shade trees, fenced garden area, play structure, and a large storage building. Don't miss this unique opportunity in desirable Prineville, Oregon!

206 SW Claypool Street, Prineville

Listing courtesy of Cascade Hasson SIR.

$499,500
3 Beds ⋅ 3 Baths ⋅ 220224839 MLS
This Ochoco Pointe property offers views of Barnes Butte from multiple rooms and easy access to scenic trails. An impressive, two-story entry leads to the great room, featuring a cozy gas fireplace. It seamlessly opens to a modern kitchen complete with a quartz island and an adjacent dining area. Upstairs has a well-appointed primary suite with tile shower & WIC, a spacious loft living area, plus two guest bedrooms where you may enjoy picturesque views of Barnes Butte. The large covered back patio is perfect for relaxing or entertaining guests in any season. The rear yard features attractive stone terracing along the back fence, providing beauty, privacy, and functionality for outdoor enjoyment. Popular, dog-friendly community offering resort-style amenities including seasonal pools, parks, a playground, a 1/2 sports court, and a paved walking path that winds along protected wetlands and leads to acres of scenic trails extending to Barnes Butte. HOA provides front yard maintenance.

1180 NE Henry Drive, Prineville

Listing courtesy of Pahlisch Real Estate, Inc..

$369,900
2 Beds ⋅ 1 Baths ⋅ 220224721 MLS
Good sized home with some upstairs living space very close to the center of town. Home is located on 3 city lots. Big garage with concrete floor for two large vehicles. One side of the garage has a concrete pit that can be driven over and access a vehicle without having to crawl on the floor. Brand new roof was installed June 2026. New floor coverings. New back screen door. Property also includes a workshop that has electricity. Covered lean to off of the workshop area for items that need to be out of the weather. Seller has removed the trees that were taking over the property so that a new owner can start fresh with whatever they want. Irrigation well for yard and garden watering included. Home will come with all appliances including cook stove, refrigerator, freezer, clothes washer and dryer. This home will be all ready to go. Seller will consider owner financing with a sizable down and good credit.

386 S Main Street, Prineville

Listing courtesy of Simmons Realty.

$430,000
4 Beds ⋅ 2 Baths ⋅ 220224531 MLS
Updated and full of potential, this 2,178 sqft home offers 4 bedrooms, 2 bathrooms, and an open concept floor plan. The remodeled kitchen features granite countertops, stainless steel appliances, and flows seamlessly into the living area, making it ideal for everyday living and entertaining. 2 of the bedrooms are exceptionally large, offering flexibility for a primary suite, bonus room, home office, or additional living space. Newer siding adds to the home's curb appeal and durability. Situated on a large lot, there's plenty of room for RVs, boats, trailers, and other toys. The backyard includes a concrete patio, while the detached 1 car garage provides extra storage. Zoned C1, this property presents unique potential for commercial use, investment opportunities, or a live/work setup. If you're looking for a comfortable residence, business location, or both, this property offers flexibility and value!

267 NW 5th Street, Prineville

Listing courtesy of Coldwell Banker Sun Country.

$315,000
2 Beds ⋅ 1 Baths ⋅ 220224514 MLS
Enjoy comfortable living with room to spread out on this .28-acre property! This well-maintained home offers 2 bedrooms plus a non-conforming third bedroom that's perfect for a home office, guest room, or hobby space. The bright living room opens to the dining area and kitchen featuring distinctive rustic wood cabinetry, good counter space, and a large walk-in pantry. A spacious laundry/mudroom adds convenience with direct access to the covered deck overlooking the fully usable backyard shaded by mature trees. There's plenty of room for gardening, pets, play, or entertaining, plus a detached storage shed for tools and equipment. Recent improvements include a brand-new furnace, a roof approximately 14 years old, and an updated septic system with new drain field and drain lines installed by the current owners. The property is partially commercial, offering potential business opportunities (buyer to do due diligence).

1310 NW Dodson Drive, Prineville

Listing courtesy of eXp Realty, LLC.

$475,000
3 Beds ⋅ 2 Baths ⋅ 220224443 MLS
Experience easy living in this beautifully designed single level home in Ironhorse, one of Prineville's premier communities. Conveniently located near shopping, schools, and the scenic trails of Barnes Butte, the popular Neuville floor plan offers 3 bedrooms, 2 bathrooms, and an inviting open concept floor plan filled with natural light. The stylish kitchen features quartz countertops, stainless steel appliances, a gas range, walk-in pantry, and premium laminate flooring. Smart Home technology, plus a washer and dryer, add everyday convenience. Step outside to the covered patio and enjoy city views. Complete with front and rear landscaping, underground irrigation, and quality finishes throughout, this move in ready home is ideal for enjoying the Central Oregon lifestyle.

417 NE Union Loop, Prineville

Listing courtesy of Cascade Hasson SIR.

$449,900
3 Beds ⋅ 2 Baths ⋅ 220224279 MLS
Meticulously maintained 3-bedroom, 2-bath home located on a quiet, dead end street with a neighborhood park directly across the road. Built in 2019, this move-in ready property offers 1416 sq ft of comfortable living space featuring a cozy wood stove, and beautiful Cascade Mountain views. The fully landscape the yard includes underground, sprinklers in both the front and back, creating an attractive and low maintenance outdoor setting. Pride of ownership is evident throughout, making this home stand out from the competition. Enjoy the combination of modern construction, established landscaping, and a peaceful location, just minutes from schools, parks, and town amenities. Natural gas furnace, range, and water heater. House was painted in 11/23, new AC unit in 6/23, woodstove installed 12/24. Carpet and LVP flooring. Beautiful garden and landscaping with herbs, vegetables and multiple fruit trees, including 2 apple, a pear, a cherry, and a nectarine.

1238 NW Seehale Avenue, Prineville

Listing courtesy of Root & Branch Realty Group.

$399,000
3 Beds ⋅ 2 Baths ⋅ 220224190 MLS
3 bedroom, 2 bath home offers plenty of space to relax with a living room and a separate family room. Recent updates include fresh interior and exterior paint and new flooring throughout giving the home clean, modern feel. Enjoy natural light in the sunroom. The home also features a dedicated laundry room, attached garage and a fenced back yard. This home is ready for it's new owners to move right in. $15,000 credit for new roofing or new roof can be done before closing.

285 SW Claypool Street, Prineville

Listing courtesy of RE/MAX Key Properties.

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