The Woodlands Homes for Sale Under $500,000

In The Woodlands, $500,000 is below the typical sale price of about $588,000, so a search under $500,000 shows the lower end of the market. The map below shows current listings under $500,000.

What to know about a Woodlands home in this range

The earliest villages date to the 1970s and 1980s; Grogan's Mill opened in 1974, and lots in the older villages are often wooded. Townhomes and condos sit near the Waterway and Town Center. Under a full tree canopy, ask your inspector about the roof, gutters, drainage and how nearby trees affect the foundation, and remember that removing a tree usually needs approval.

Most properties are governed by the Covenants and Standards, so ask whether past exterior work, such as fences, pools and additions, was approved by the village's Residential Design Review Committee. Homes inside the Township pay a Township tax ($0.1694 per $100 for 2026) plus county and school district taxes and, in villages served by a MUD, that district's tax, so compare the full rate on each home's tax certificate. Some neighborhoods near Spring Creek and Panther Branch flooded in the 2016 Tax Day flood and Hurricane Harvey. Look up each address on the FEMA Flood Map Service Center and the Montgomery County floodplain map or, for Creekside Park, the Harris County Flood Control District's MAAPnext map.

Prices and how we help

Across all home types, 1,330 closed MLS sales with The Woodlands addresses from October 2025 through September 2026 had a typical price near $588,000 and an average near $794,000. We help you prepare a strong offer, plan the option period and line up the inspection.

FAQ: The Woodlands homes under $500,000

Is $500,000 below the typical price in The Woodlands?

Yes. Over the 12 months through September 2026, closed MLS sales with The Woodlands addresses, counting all home types, had a typical price near $588,000 and an average near $794,000, with sales from $65,000 to about $6.6 million. The map shows the home types and villages listed under $500,000 today.

What should I inspect on an older home under the trees in The Woodlands?

Homes under a heavy canopy need regular roof and gutter care, and large trees near the house can affect drainage, so have your inspector look at both and ask how nearby trees affect the foundation. Removing a tree usually needs approval from the village's design review committee. Also ask whether past exterior work, such as fences, pools and additions, was approved, and read the flood section of the seller's disclosure notice.

How do the Township and MUD taxes change the monthly payment?

The Woodlands Township's 2026 rate is $0.1694 per $100 of value, and homes inside the Township also pay county, school district, hospital district and college taxes and, in villages served by a MUD, that district's tax. The seller must give you a MUD notice with the district's rate before a binding contract is signed. Creekside Park homes pay Harris County and Tomball ISD rates instead of Montgomery County and Conroe ISD rates. Compare the total on each home's tax certificate, and run it through our mortgage calculator's MUD toggle.

Sources

  1. Compean Group analysis of closed MLS sales, October 2025 to September 2026, homes with The Woodlands addresses (postal city The Woodlands, TX), all property types; typical price is the median of the 12 monthly medians. Checked October 30, 2026.
  2. Compean Group, The Woodlands neighborhood guide, October 2026: villages, covenants, counties, flood notes and tax components. Checked October 30, 2026.
  3. The Woodlands Township, Taxes: 2026 Township rate of $0.1694 per $100 of taxable value; Community Impact reported the board's approval of the 2026 rates on September 4, 2026. Checked October 30, 2026.
  4. The Woodlands Township, Covenant Administration: Covenants and Standards, village Residential Design Review Committees, and prior written approval for work on a lot with an existing home. Checked October 30, 2026.
  5. Texas Water Code Section 49.452: MUD notice to purchasers before a binding contract, with a signed copy recorded at closing. Checked October 30, 2026.
  6. Compean Group, MUD and PID Taxes Around Houston (October 29, 2026): why MUD rates fall as bonds are paid down and which districts offer homestead exemptions. Checked October 30, 2026.
  7. FEMA Flood Map Service Center: official flood maps by address. Checked October 30, 2026.
  8. Montgomery County Floodplain Administration: floodplain map, floodplain determination requests and the elevation certificate form. Checked October 30, 2026.
  9. Harris County Flood Control District, MAAPnext: draft flood maps for Harris County, for awareness only and not open for appeal. Checked October 30, 2026.

Related

Call or text (832) 777-3904, email evan@thecompeangroup.com, or use the contact page. We speak English and Spanish. Our office is at 802 W. Patton St, Houston, TX 77009.

Updated October 30, 2026.