Mexico Homes under $500,000

Welcome to Mexico, Missouri – a charming city nestled in the heart of Audrain County, where small-town charm meets modern living. Known for its rich history and vibrant community, Mexico offers a unique blend of cultural experiences, recreational opportunities, and a welcoming atmosphere that makes it the perfect place to call home.

As you explore the housing market in Mexico, you’ll be delighted to discover a variety of homes available for under $500,000. Whether you’re a first-time homebuyer, looking to downsize, or seeking a family-friendly abode, this city has something for everyone. With a range of architectural styles from cozy bungalows to spacious two-story homes, you’ll find properties that suit your lifestyle and budget.

Mexico boasts excellent amenities, including local parks, shopping centers, and a variety of dining options that cater to all tastes. The community is also home to several schools, ensuring that families have access to quality education. For outdoor enthusiasts, the nearby parks and recreational areas provide ample opportunities for hiking, picnicking, and enjoying the beautiful Missouri landscape.

Additionally, the city is conveniently located near major highways, making it easy to commute to larger cities while still enjoying the tranquility of small-town living. With a strong sense of community and a wealth of local events, Mexico, MO, is a place where neighbors become friends and lifelong memories are made.

Explore the possibilities of homeownership in Mexico, where your dream home awaits at an affordable price. Discover the charm of this delightful city today!

Newest Mexico Homes under $500,000

$190,000

5 Beds ⋅ 1 Baths ⋅ 437740 MLS

Solid older home with larger rooms, 3 bedrooms on main level and potential for 3 more upstairs. Dining room has window seat. Lots of wood cabinets in kitchen. range and refrigerator convey. Full unfinished basement Double garage. Shared driveway. So much potential here just need some updates.

414 N WESTERN ST, Mexico

Courtesy of Century 21 Peak, Marking & Associates 573-581-1363

$190,000

5 Beds ⋅ 1 Baths ⋅ 132676 MLS

414 N Western St, Mexico

Courtesy of CENTURY 21 PEAK, MARKING & ASSOCIATES, INC. 573-581-1363

$149,000

3 Beds ⋅ 1 Baths ⋅ 132672 MLS

**Charming Bungalow with Great Potential!** This 3-bedroom, 1-bath bungalow is full of possibilities and ready for someone to make it their own. With a little TLC, this home could shine as a cozy residence or make a great investment property. Enjoy the inviting covered front porch, plus a large garage with a small shop area--perfect for storage, hobbies, or extra workspace. Conveniently located close to schools, the YMCA, and area parks. Bring your ideas and turn this charming bungalow into your next home or investment!

1320 S Morris St, Mexico

Courtesy of CENTURY 21 PEAK, MARKING & ASSOCIATES, INC. 573-581-1363

$250,000

5 Beds ⋅ 3 Baths ⋅ 132669 MLS

Set on 2.39 acres just outside city limits, this 5-bedroom, 2.5-bath home offers generous living space with room to grow into your vision. A large sunroom at the back of the house is the perfect place to start the day watching the sunrise. A barn on the property opens up even more possibilities, while the expansive grounds give you the freedom to enjoy the outdoors on your own terms. Bring your ideas and make this home truly yours!

8450 State Highway 15, Mexico

Courtesy of CENTURY 21 PEAK, MARKING & ASSOCIATES, INC. 573-581-1363

$195,000

3 Beds ⋅ 3 Baths ⋅ 10074251 MLS

Well maintained 3 bedroom, 2.5 bath home offers plenty of. space and desirable features. The home features a spacious living room/dining area and a large eat-in kitchen with abundance of cabinet space. The unfinished basement provides additional storage or future living space and includes convenient half bath. Numerous updates have been completed including a roof, gutters & vinyl siding in 2018. The home was rewired approx. 13 years ago. Enjoy the outdoors with the 2 tiered back deck overlooking the fenced-in back yard, perfect for entertaining! A Standout Feature is the oversized 24 X 30 - 2 car garage built in 2010. The garage offers high ceilings, separate breaker box & plenty of electrical outlets making. it ideal for vehicles, hobbies, work shop or extra storage. Nice wide driveway for additional parking. This property offers a great combination of comfortable living space, outdoor enjoyment & excellent garage/storage space. Call today to schedule your private tour!!!

1010 E Jackson Street, Mexico

Courtesy of Garriott & Associates Realty

$195,000

3 Beds ⋅ 3 Baths ⋅ 132665 MLS

Well maintained 3 bedroom, 2.5 bath home offers plenty of space and desirable features. The home features a spacious living room/dining area and a large eat-in kitchen with an abundance of cabinet space. All furniture including flat screen TV's convey. The unfinished basement provides additional storage or future living space and includes a convenient half bath.Numerous updates have been completed, including a roof, gutters & vinyl siding in 2018. The home was rewired approx. 13 years ago. Enjoy the outdoors with the 2 tiered back deck overlooking the fenced-in yard, perfect for entertaining! A Standout Feature is the oversized 24 X 30 detached 2 car garage built in 2010. The garage offers high ceilings, separate breaker box & plenty of electrical outlets making it ideal for vehicles, hobbies, workshop or extra storage.Nice wide driveway for additional parking. This property offers a great combination of comfortable living space, outdoor enjoyment & excellent garage/storage space. Call your agent today to schedule a tour!!!

1010 E Jackson St, Mexico

Courtesy of GARRIOTT & ASSOCIATES REALTY 573-642-4484

$195,000

3 Beds ⋅ 3 Baths ⋅ 437604 MLS

Well maintained 3 bedroom, 2.5 bath home offers plenty of space and desirable features. This home features a spacious living room/dining area and a large eat-in kitchen with abundance of cabinet space. The unfinished basement provides additional storage or future living space and includes convenient half bath. Numerous updates have been completed, including a roof, gutters & vinyl siding in 2018. The home was rewired approx. 13 years ago. Enjoy the outdoors with the 2 tiered deck overlooking the fenced-in yard, perfect for entertaining! A Standout Feature is the oversized 24 X 30 - 2 car garage built in 2010. The garage offers high ceilings, separate breaker box & plenty of electrical outlets making it ideal for vehicles, hobbies, workshop or extra storage. Nice wide driveway for additona parking. This property offers a great combination of comfortable living space, outdoor enjoyment & excellent garage/storage space. Call today to schedule a tour!!

1010 E JACKSON ST, Mexico

Courtesy of Garriott & Associates Realty

$350,000

3 Beds ⋅ 2 Baths ⋅ 132661 MLS

PRIVATE COUNTRY RETREAT JUST 15 MINUTES FROM MARK TWAIN LAKE! Nestled on a dead-end road, this beautiful property offers a gorgeous park-like setting, peaceful surroundings, and plenty of privacy. The surrounding woods provide an abundance of wildlife, making this a wonderful place to enjoy nature and the great outdoors. This charming 1½-story home features an open floor plan with a well-appointed kitchen equipped with all appliances, adjoining dining area, and a supersized living room--perfect for relaxing or entertaining. Two bedrooms, a full bath, and convenient laundry area complete the main level. The spacious primary suite and private bath are located upstairs, offering a peaceful retreat away from the main living areas. Step outside and enjoy the deck with hot tub while taking in the beautiful views. A new concrete patio welcomes you as you enter through the back door and creates an inviting outdoor space for gatherings or relaxing. The impressive 30' x 50' Morton-type building adds tremendous versatility, featuring a concrete floor, heat, and 220 wiring. Use it as a workshop, boat storage, hobby space, or the perfect home for all your ''big boy toys!'' A convenient lean-to provides even more storage. With its peaceful setting, spacious home, abundant storage, and close proximity to Mark Twain Lake, this property offers the perfect combination of privacy, recreation, and country living. Don't miss this opportunity!

25254 Audrain Rd, Mexico

Courtesy of RE/MAX ON THE MOVE 573-581-8282

$230,000

2 Beds ⋅ 1 Baths ⋅ 132649 MLS

If you've been looking for a home that feels fresh, comfortable and truly move-in ready, this one is worth a look! Sitting on approximately one acre just minutes from Mexico, this 2-bedroom, 1-bath home has been completely transformed from the studs up with thoughtful updates throughout. Step inside to a bright, open-concept living space that flows into the beautifully updated kitchen, complete with plenty of storage and a spacious walk-in pantry. The remodeled bathroom continues the clean, modern feel, while new flooring and finishes tie everything together. Major updates including the roof, HVAC, electrical, windows and insulation have also been taken care of, giving you more than just a pretty interior. Outside, the new back deck is the perfect spot to enjoy the spacious backyard, while the large circular driveway and insulated, finished one-car attached garage add everyday convenience. With approximately an acre to call your own and so much already done, all that's left is to settle in and make it home. *New black stainless steel refrigerator, dishwasher and range will be installed prior to closing.

8930 State Highway 15, Mexico

Courtesy of CENTURY 21 PEAK, MARKING & ASSOCIATES, INC. 573-581-1363

$179,000

2 Beds ⋅ 2 Baths ⋅ 10074166 MLS

This fully renovated 2-bed, 2-bath home offers all-new systems and finishes, including electrical, plumbing, HVAC, windows, flooring, siding, kitchen, and bathrooms. Only the original structure remains. The deep lot provides room to enjoy the outdoors, while the large front porch adds inviting curb appeal. Located on a quiet street with convenient access to local amenities, this property is an excellent opportunity for a buyer seeking a move-in-ready home.

517 E Park Street, Mexico

Courtesy of Reece & Nichols Mid Missouri

$179,000

2 Beds ⋅ 2 Baths ⋅ 132632 MLS

517 E Park St, Mexico

Courtesy of ReeceNichols Mid Missouri 573-445-7737

$179,000

2 Beds ⋅ 2 Baths ⋅ 437453 MLS

517 E PARK ST, Mexico

Courtesy of ReeceNichols Mid Missouri 573-445-7737

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Listing information is provided courtesy of the Broker Reciprocity/IDX of Bagnell Dam Association of REALTORS® and Lake of the Ozarks Board of REALTORS®, Inc. Multiple Listing Services. Copyright 2026 Multiple Listing Service, Inc. of Bagnell Dam Association of REALTORS® MLS, Inc. and Lake of the Ozarks Board of REALTORS® MLS, Inc. Information is being provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. 2026 Century 21 Community