Lorena Homes under $500,000

Welcome to Lorena, Texas – a hidden gem nestled in McLennan County that perfectly blends small-town charm with modern convenience. Just a stone's throw away from the vibrant city of Waco, Lorena offers a peaceful retreat while still providing easy access to urban amenities. Known for its friendly community and picturesque landscapes, this delightful city is an ideal place for families, professionals, and retirees alike.

One of the most appealing aspects of Lorena is its diverse real estate market, particularly for those seeking homes under $500,000. Whether you’re a first-time homebuyer or looking to upgrade, you’ll find a variety of options that cater to different tastes and lifestyles. From cozy single-family homes with spacious yards to contemporary new builds with modern finishes, Lorena has something for everyone.

Living in Lorena means enjoying a slower pace of life without sacrificing convenience. The city boasts excellent schools, beautiful parks, and a strong sense of community, making it an inviting place to call home. Plus, with its proximity to Waco, residents can easily enjoy shopping, dining, and entertainment just a short drive away.

Whether you're drawn to the charming streets lined with oak trees or the welcoming atmosphere of local events, Lorena is a place where memories are made. Explore the wonderful homes available under $500,000 and discover the perfect setting for your next chapter in this enchanting Texas town. Your dream home awaits in Lorena!

Newest Lorena Homes under $500,000

$349,900

3 Beds ⋅ 2 Baths ⋅ 21408670 MLS

Welcome to 4930 Spring Valley Rd in Lorena, where you can enjoy the space and freedom of country living without feeling far removed from town. This charming 3-bedroom, 2-bath brick home sits on approximately 1.43 acres, offering plenty of room to spread out, entertain, garden, play, or simply enjoy a little extra breathing room. Located in Lorena ISD, the property combines a peaceful setting with everyday convenience. An RV hookup adds even more flexibility for your camper, recreational vehicle, or visiting guests, and there's plenty of outdoor space to make the property your own. Bring the chickens, enjoy the acreage, and settle into a lifestyle that feels relaxed and spacious while still keeping you connected to nearby amenities. If you've been searching for a home with land, charm, and convenience, this one is definitely worth a look!

4930 Spring Valley Rd, Lorena

$304,900

3 Beds ⋅ 2 Baths ⋅ 21402922 MLS

Located in the desirable Park Meadows community, this home offers a perfect mix of comfort, space, and convenience. Featuring 3 well-sized bedrooms, 2 full bathrooms, and a flex room, it’s designed to accommodate a variety of needs—whether you’re a first-time buyer, growing family, or someone looking to add to their rental portfolio. Inside, the open-concept layout creates an easy flow between the living, dining, and kitchen areas. Neutral colors, ample natural light, and practical design make the space feel both welcoming and functional. The flex room adds valuable extra space, ideal for a home office, playroom, workout area, or guest room. Each bedroom offers comfort and generous closet space, while the primary suite includes a private bathroom for added convenience. The home’s layout encourages connection and versatility, making it easy to personalize for your lifestyle. Outside, the fenced-in yard provides privacy and room to play or relax. Enjoy the covered back porch and extended deck, perfect for outdoor grilling, entertaining, or unwinding after a long day. Located within town limits and just minutes from popular eateries, shopping, and daily essentials, this home combines suburban peace with everyday accessibility. Whether you’re starting out or downsizing, this is a solid opportunity to own in an established and convenient neighborhood.

3217 Beutel Rd, Lorena

$375,000

3 Beds ⋅ 2 Baths ⋅ 21397743 MLS

Welcome home to this beautiful 3 bedroom 2 bathroom home situated on 1.69 acres of land. This property offers a park like setting with the benefit of no backyard neighbors ensuring total privacy. The backyard features a relaxing back deck and spa area perfect for unwinding. If you need space for your hobbies this property is ideal. There is plenty of parking for trailers, RVs, campers, boats and more. The possibilities are truly endless here whether you want to build your dream workshop or install an inground swimming pool. Enjoy the peace and quiet of a tranquil neighborhood that offers a true country feel while remaining conveniently close to main roads, restaurants, and grocery stores. This home is located in the highly sought after Lorena school district. Do not miss your chance to own this slice of paradise. The seller is highly motivated and ready to move. Schedule your private tour today to see this incredible property for yourself. And did we mention it sits on 1.69 acres !!!! First picture we enhanced the grass color since it has been so dry grass in Texas is brown.

108 Jim Cir, Lorena

$499,900

4 Beds ⋅ 3 Baths ⋅ 21397070 MLS

Enjoy cul-de-sac living in Callan Village! Built in 2021 by Russ Davis, this well-maintained, move-in-ready home offers 2,231 square feet with four bedrooms and three full bathrooms. A circular driveway adds convenience and curb appeal, while the large, flat, fully fenced backyard provides room to relax, entertain, or play. With no house directly behind the property, you’ll appreciate the added backyard privacy. Callan Village’s community pool and green space offer even more opportunities to enjoy the neighborhood. Zoned for Lorena ISD, this home also provides convenient access to Waco, Woodway, and Hewitt amenities, including nearby H-E-B, Rosa’s, and George’s. First Woodway and The Fields are close by, offering basketball, volleyball, pickleball, and a walking path. Discover a welcoming home that brings together space, privacy, and convenience at 2108 Stinson Court!

2108 Stinson Ct, Lorena

$240,000

3 Beds ⋅ 2 Baths ⋅ 21390881 MLS

We figured out pretty quickly this house was built for the way we actually live. My husband was a cabinet maker, and every built-in in the place came from his hands. Storage was never a question. Holiday decorations, Christmas ornaments, the big serving platters, the kids’ craft supplies—they all had a home without taking over the rooms. The kitchen became the real hub: cooktop right in the island, cabinets everywhere, and little surprises like the hidden spice rack. The large covered back porch with the porch swings is where we spent the real time—morning coffee before the day started, quiet evenings after work, and the spot the kids claimed during birthday parties and holiday gatherings. It felt like an extra room that just happened to be outside. Being this close to the Lorena schools made the ordinary days simpler too. The middle school and high school campus are basically a short walk or quick hop away, so school runs and game nights never felt like a production. This house made the ordinary days easier. If that’s what you’re looking for, schedule with a real estate agent to come see it. It is worthy of noting that the fireplace is wood-burning, there is a double oven, house is all electric and every electrical switch and outlet was replaced after the lightning strike. The carport was built for cars so do not park under it if you have a tall vehicle.

317 Williams Rd, Lorena

$289,000

4 Beds ⋅ 3 Baths ⋅ 21387310 MLS

Welcome home to this beautifully updated 4-bedroom, 3-bathroom double wide mobile home offering 1,960 sq ft of comfortable living space on little more than half an acre lot with mature trees and a long gravel driveway. Enjoy a covered front porch, storage shed, and carport for extra convenience. Step inside to an open-concept layout connecting the kitchen, dining, and living areas, with a spacious living room offering plenty of room for a home office setup or flex space. The kitchen features quartz countertops, a large center island, and room for barstool seating, perfect for entertaining. The isolated primary suite offers a private retreat with a jacuzzi soaking tub, separate walk-in shower, and a generous walk-in closet, while the guest bathroom on the opposite side of the home impresses with dual sinks, a backlit LED touch mirror, and a walk-in shower with a built-in sitting area. A third full bathroom with a shower is also located on the side of the home for added convenience. With thoughtful updates and privacy-conscious design throughout, this move-in-ready home is a must-see — schedule your private showing today!

6520 Golinda Dr, Lorena

$301,900

4 Beds ⋅ 2 Baths ⋅ 21386842 MLS

This beauty is luxury living with three bedrooms and two baths. This beautiful home features large secondary bedrooms with walk-in closets. Open living, dining, and kitchen provides abundant space without all the cost. The primary bedroom suite is fit for a king sized bed and features a large walk-in closet.

11528 Themis Ct, Lorena

$352,900

3 Beds ⋅ 2 Baths ⋅ 21386806 MLS

Upon entering this exceptional floor plan, you're immediately greeted with a high ceiling foyer. Walking into the open-concept kitchen and living room, you'll be stunned by the amount of space you have to gather. This three bedroom, two bath home has placed windows in the living room, primary bedroom, and dining room, crafting a home that is filled with natural light and charm. Granite countertops throughout and a large walk-in primary closet to top it all off and make this home exceptional.

11112 Undae Ct, Lorena

$309,900

3 Beds ⋅ 2 Baths ⋅ 21386767 MLS

11532 Themis Ct, Lorena

$479,000

4 Beds ⋅ 3 Baths ⋅ 21376835 MLS

Beautiful New Construction in Lorena ISD — $10,000 Builder Incentive! Buy your rate down or take that off the price of the home. YOU CHOOSE! Welcome to this stunning 4-bedroom, 2.5-bathroom home with a 3-car garage, thoughtfully designed with comfort, style, and functionality in mind. Located in desirable Lorena ISD, this home offers quality construction by Carothers Executive Homes and beautiful modern finishes throughout. The spacious open-concept floor plan features a welcoming living room with beautiful beamed ceilings and an electric fireplace, creating the perfect space for gathering and entertaining. Wood-look tile flooring offers the beauty of hardwood with the durability and easy maintenance of tile, while crown molding adds an elegant finishing touch throughout the home. The well-appointed kitchen features quartz countertops, soft-close cabinetry, and GE Profile appliances, combining style and functionality for everyday living and entertaining. The private primary suite provides a relaxing retreat with an ensuite bathroom featuring dual vanities, a walk-in shower, and a garden tub. Outside, enjoy a fully landscaped yard with fencing and a sprinkler system, providing a finished outdoor space that is ready to enjoy from day one. Spray foam insulation adds another level of quality and energy efficiency to this thoughtfully built home. With four bedrooms, 2.5 bathrooms, a 3-car garage, exceptional finishes, and a move-in-ready exterior, this home is an outstanding opportunity in Lorena ISD. Plus, take advantage of the $10,000 builder incentive! Schedule your private showing today!

132 Lasso Loop, Lorena

$499,000

3 Beds ⋅ 3 Baths ⋅ 21375879 MLS

Brand-New Luxury Home in Lorena ISD with $10,000 Builder Concession Welcome to your brand-new dream home! This beautifully designed 3-bedroom, 2.5-bath home offers modern style, thoughtful upgrades, and flexible living space on a beautifully landscaped corner lot in Lorena ISD. Step inside to an inviting open-concept floor plan featuring vaulted ceilings, engineered hardwood flooring, and an abundance of natural light. The spacious kitchen is the heart of the home, showcasing quartz countertops and GE Profile appliances, creating a stylish and functional space perfect for everyday living and entertaining. A versatile flex room provides the flexibility to create the space that fits your lifestyle—use it as a home office, playroom, media room, exercise space, or additional living area. Built with comfort and efficiency in mind, this home features spray foam insulation and quality construction throughout. The side-entry garage is finished with an epoxy-coated floor for a clean, durable, polished look. Outside, enjoy a corner lot with professional landscaping and irrigation, giving you a beautiful, low-maintenance yard from day one. As a special incentive, the builder is offering $10,000 in concessions, giving buyers an excellent opportunity to make this brand-new home their own. Featured as a 2026 Parade of Homes entry, this property offers the quality, craftsmanship, and modern finishes today's buyers are looking for—all in the highly desirable Lorena ISD.

126 Lasso Loop, Lorena

$429,000

3 Beds ⋅ 2 Baths ⋅ 21375887 MLS

Beautiful New Construction in Lorena, TX — $10,000 Builder Incentive! Welcome home to this thoughtfully designed 3-bedroom, 2-bathroom new construction in desirable Lorena, Texas, within Lorena ISD. Featuring an inviting open-concept floor plan, this home offers a spacious layout perfect for everyday living and entertaining. The kitchen is beautifully appointed with quartz countertops, soft-close cabinetry, and GE Profile appliances, creating a stylish and functional space. The private primary suite features a vaulted ceiling, while the ensuite bathroom offers a walk-in closet and zero-threshold shower for comfort and convenience. All bedrooms are generously sized and feature crown molding and ceiling fans. Enjoy the convenience of completed landscaping, a privacy fence, and a full sprinkler system, giving you a beautiful and move-in-ready outdoor space from day one. Plus, take advantage of a $10,000 builder incentive! Located in Lorena ISD, this home combines modern finishes, thoughtful design, and exceptional value. Schedule your private showing today!

130 Lasso Loop, Lorena

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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