Leicester Homes under $400,000

Welcome to Leicester, North Carolina – a hidden gem nestled in the picturesque Buncombe County! Just a short drive from the vibrant city of Asheville, Leicester offers the perfect blend of serene country living and easy access to urban amenities. With its lush landscapes, rolling hills, and friendly community, Leicester is an ideal place for families, professionals, and retirees alike.

As you explore this charming area, you’ll find a delightful assortment of homes under $400,000, perfect for first-time buyers or those looking to downsize. Whether you’re seeking a cozy cottage, a spacious family home, or a quaint bungalow, Leicester has something to suit every taste and budget. These homes often feature beautiful outdoor spaces, perfect for enjoying the mild North Carolina climate, and many are set against a backdrop of stunning mountain views.

Leicester is not just about affordable housing; it also boasts a rich tapestry of local culture and community spirit. Residents enjoy a variety of recreational activities, from hiking and biking in the nearby Blue Ridge Mountains to exploring the local farmers’ markets and community events. The area is also home to excellent schools and friendly neighborhoods, making it a great place to raise a family.

In Leicester, you’ll find the perfect balance of tranquility and accessibility. With homes under $400,000, this charming community invites you to discover your dream home in one of North Carolina's most welcoming areas. Come and experience the warmth of Leicester – your new home awaits!

Newest Leicester Homes under $400,000

$340,000

3 Beds ⋅ 3 Baths ⋅ 4427887 MLS ⋅ ACTIVE Status

Need space? This one has it. Located on almost 1 acre, with 3 bedrooms, 2.5 bathrooms, 2 additional bonus rooms, two living areas, and an impressive five walk-in closets, this home offers plenty of flexibility for everyday life, working from home, hobbies, guests, and more. The kitchen features butcher block countertops, stainless appliances, white cabinetry, and warm wood accents, opening into a spacious living area with a wood-burning stove. A second living room gives you even more room to spread out, while the two bonus rooms can easily serve as offices, playrooms, workout spaces, or additional flex space. Outside, the covered back porch overlooks a large, wooded backyard, creating a private spot to relax or entertain. An attached garage adds convenient parking and additional storage. STRs are allowed.

91 Walnut Drive, Leicester

Listing courtesy of Stem Realty Group. alex@stemrealtygroup.com

$179,900

3 Beds ⋅ 2 Baths ⋅ 4428172 MLS ⋅ ACTIVE Status

Contractor/Handyman Special! Scenic Leicester location with mountain views and a quiet rural vibe, approximately 30 minutes to Downtown Asheville. The home is a 1998 doublewide, 3 beds/2 baths, in need of a full renovation. The major draw is the massive stick-built 4-bay garage totaling 1372 SF. Perfect for shop space, equipment/toy storage, or running a home-based business. Electric garage doors, 220V wiring, and pull-down attic access for additional storage. Property served by well/septic, with septic recently pumped/inspected. Open Use zoning. This property is in need of a full rehab & is not currently livable. Perfectly suited for investors, flippers, or construction industry folks. The potential is there for someone with the right vision & skill. Sold strictly as-is; seller will make no repairs. Cash or private/hard money only. Property will not qualify for any type of conventional financing. Recent inspection report available upon request.

3 S Creek Drive, Leicester

Listing courtesy of Heartwood Realty LLC. Alan@HeartwoodAVL.com

$145,000

3 Beds ⋅ 2 Baths ⋅ 4427857 MLS ⋅ ACTIVE Status

You'll fall in love with the drive in to see this property! Green Valley Rd is absolutely beautiful with its open pastures, rolling hills, and mountain backdrops. Tucked into this lovely setting is a 1985 singlewide ready for someone with the vision to give it new life. The property offers a chance to create a home in a place that already feels special. Renovate the existing home, move it and build a new one, or perhaps live in it while you build on the extra space this cleared .68 acre lot provides. A new well was installed around two years ago, and the property itself has been very well cared for. Come walk the land, take in the surroundings, and imagine what you could make of it! Driveway is shared with the home directly behind and maintenance is on a pro-rata basis. Right of way use is deeded.

418 Green Valley Road, Leicester

Listing courtesy of Altitude Real Estate Group Inc. sarah.s@altituderegroup.com

$399,000

3 Beds ⋅ 2 Baths ⋅ 4426724 MLS ⋅ ACTIVE Status

Looking for privacy, mountain charm, and room to live a little differently? This could be the one you've been waiting for! Nestled in the peaceful countryside of Leicester, North Carolina, this character-filled home offers the perfect opportunity to create your own private mountain retreat, mini homestead, or hobby farm. With plenty of land, privacy, storage, and endless possibilities, there’s room here to bring your vision to life. And yes… bring the goats! The main level features 3 bedrooms and 2 full bathrooms, including a spacious primary bedroom with an abundance of fabulous closet space. The home has tons of storage, making it ideal for those who love having room for all the tools, toys, gear, and treasures that come with mountain living. Downstairs, you'll discover a generous bonus area that isn't included in the listed heated square footage because the ceilings fall just shy of the required height. Add in a workshop and even more storage, and you've got space for projects, hobbies, a home workshop, or whatever creative ideas you have in mind. Step outside and let the good times begin. Patios and decks provide plenty of space for entertaining, relaxing, grilling, or simply enjoying the fresh mountain air. Imagine morning coffee overlooking your land, afternoons working in the garden, evenings around the fire, and weekends enjoying the peace and privacy of your own little slice of Leicester. This isn't just a house—it's a place with personality, possibilities, and plenty of room to make it yours. If you've been dreaming of more land, more privacy, more fresh air, and a little more room to live life your way, come take a look.

20 Sharpes Cove Road, Leicester

Listing courtesy of Costello Realty & Development. mountainsncpalmsfl@gmail.com

$329,000

2 Beds ⋅ 1 Baths ⋅ 4422890 MLS ⋅ ACTIVE Status

Cute as can be and just 12 minutes from Asheville! This charming yellow 2-bedroom, 1-bath modular home sits on approximately one acre with a gently sloping, usable yard and beautiful mountain surroundings. Recent updates include a new roof, new flooring and fresh interior paint, making this home move-in ready. Inside, you'll find a comfortable living area with a gas fireplace, a bright kitchen and plenty of natural light throughout. Enjoy morning coffee or unwind at the end of the day on the covered front and rear porches while taking in the peaceful setting and mountain views. The sunny side yard offers plenty of space to create raised garden beds, trellises or your own backyard garden, with great sun exposure for growing vegetables, flowers and more. The full unfinished basement with exterior access provides excellent storage and workshop space, along with plenty of room for future possibilities. A gravel driveway and carport provide convenient parking, and the home is served by a private well and septic. With 803 sq. ft. of finished living space plus the full unfinished basement, this sweet Leicester home offers a wonderful combination of charm, outdoor space, privacy and convenience to Asheville.

117 Ho Hum Way, Leicester

Listing courtesy of Keller Williams Great Smokies. dhoneycutt.wncrealtor@gmail.com

$385,000

3 Beds ⋅ 3 Baths ⋅ 4423393 MLS ⋅ ACTIVE Status

One-level living, second living quarters/MIL potential, a fenced backyard, and unforgettable Blue Ridge Mountain views come together at this peaceful Tipton Hill Road retreat. With no HOA, this move-in-ready home features three bedrooms and two full baths on the main level, new LVP flooring, natural light, and comfortable living spaces designed to take in the surrounding mountain scenery. The finished basement expands the possibilities with space for guests, multigenerational living, recreation, home office, or potential income use, subject to buyer verification. Take in layered Blue Ridge Mountain views, unforgettable sunrises, beautiful sunsets, and evening moonrises that create an ever-changing backdrop throughout the seasons. Located on a favorite scenic setting for walkers, cyclists, runners, and outdoor enthusiasts, this home offers the quiet feel of a mountain retreat while remaining within an easy drive of downtown Asheville, Weaverville, shopping, dining, breweries, healthcare, the Blue Ridge Parkway, hiking trails, waterfalls, and countless WNC adventures. Whether you are searching for a primary residence, second home, multigenerational setup, or investment opportunity, this property delivers views, flexibility, outdoor living, and peaceful mountain appeal.

253 Tipton Hill Road, Leicester

Listing courtesy of RE/MAX Executive. brokeralexandra@gmail.com

$375,000

4 Beds ⋅ 4 Baths ⋅ 4417154 MLS ⋅ ACTIVE Status

**RARE OPPORTUNITY IN LEICESTER!** Two well-maintained manufactured homes on approximately 2.2 private, wooded acres, offering exceptional flexibility and income potential. Tucked away on a private dead-end road with level access, this unique property combines privacy and natural beauty with convenient access to Leicester Highway and Asheville. **THE HOMES:** Two manufactured homes, a 1997 and a 1998, each measuring approximately 14' × 80' with approximately 1,100 square feet. Each home offers 2 bedrooms and 2 bathrooms, comfortable interiors, a new heat pump, a 10' × 14' screened porch, and a rear deck. Both homes also feature carports with covered ramp entrances and doggie doors leading to private chain-link fenced dog areas. **THE PROPERTY:** Approximately 2.2 acres of private, wooded land with abundant wildlife and a beautiful year-round spring-fed branch flowing through the property. The high-producing private well reportedly produces approximately 40 gallons per minute. A permitted 1,500-gallon septic system is approved to serve both homes. Two older storage buildings provide additional space for tools, lawn equipment, and storage. **FLEXIBLE POSSIBILITIES:** With two separate homes on one parcel, this property offers a variety of options—live in one home and rent the other, accommodate extended household needs, create a multi-generational living arrangement, or explore rental/investment opportunities. The private setting and fenced pet areas add to the property's appeal. Located just minutes from Leicester Highway and a short drive to Asheville, this is a distinctive opportunity to own two homes on one parcel with dependable water, wooded privacy, natural beauty, and outstanding flexibility. **A property with this combination of features is truly hard to find!**

48 Melissa Lane, Leicester

Listing courtesy of WEICHERT, Realtors - Unlimited. ricksharpe@weichertunlimited.com

$300,000

3 Beds ⋅ 2 Baths ⋅ 4419769 MLS ⋅ ACTIVE Status

If you’ve been looking for a home with some privacy, plenty of space, and an easy drive to Asheville, this one is worth a look. Sitting up on the lot in a quiet neighborhood, this 3-bedroom, 2-bath home offers more than 1,800 square feet of living space, all on one level. The layout is comfortable and functional, with two large living areas and a split-bedroom floor plan that gives the primary bedroom some privacy from the other bedrooms. The main living room features hardwood floors, crown molding, and lots of natural light, while the family room has hardwood floors and a gas-log fireplace. The kitchen is one of the highlights of the home, with plenty of counter space, Corian countertops, tile floors, a tile backsplash, island, breakfast bar, and a nice open feel into the family room and dining area. The primary suite has a whirlpool tub and custom finishes, and the guest bathroom has been nicely updated with a walk-in shower and tile work. There’s also a lot of outdoor space to enjoy. The large covered front porch is perfect for sitting outside, while the rear deck runs almost the entire length of the home and gives you plenty of room for grilling, entertaining, or just enjoying the privacy. The roof was replaced in December 2025 by Balkan Roofing. There is also a recently completed detached double carport that is tall enough for an RV, along with an additional parking pad near the road that can accommodate a fifth wheel or extra vehicles. A detached storage building and generator are included as well. The owner has taken great care of the home, adding a number of thoughtful upgrades over the years. You get the feel of a country setting without being far from everything Asheville has to offer. POA dues also include water through the community water system. A lot of space, privacy, and character for the price, with Asheville only about 20 minutes away.

18 Henry White Lane, Leicester

Listing courtesy of WNC Real Estate Partners. 865-308-6190

$395,000

3 Beds ⋅ 1 Baths ⋅ 4414549 MLS ⋅ ACTIVE Status

This charming 3 bedroom and one bath cottage with a private country setting has hardwood floors throughout, an updated kitchen and bath. There is a fireplace with gas logs and an extra room that would be perfect for an office. The yard is gently sloping, partially fenced and has an out building. There is a 2 car carport.

45 James Drive, Leicester

Listing courtesy of Howard Hanna Beverly-Hanks Asheville-Downtown. scott.ambler@allentate.com

$199,000

3 Beds ⋅ 2 Baths ⋅ 4411624 MLS ⋅ ACTIVE Status

INVESTOR SPECIAL – NOW OFFERED AT $199,000! Opportunity awaits at 97 Misty Ridge Lane in Leicester. This 3-bedroom, 2-bath home offers approximately 1,219 square feet of single-level living on a spacious 0.52-acre lot surrounded by mature trees. With three bedrooms, two full baths, a functional floor plan, laundry on the main level, and plenty of outdoor space, this property offers a great starting point for an investor, renovation project, rental opportunity, or buyer looking to add their own improvements and personal touches. Located approximately 20 minutes from Downtown Asheville with convenient access to shopping, dining, the River Arts District, Blue Ridge Parkway, and all that Western North Carolina has to offer. Priced at $199,000 to reflect its current condition and improvement needs. Property is being sold as-is. Bring your vision and explore the possibilities at 97 Misty Ridge Lane!

97 Misty Ridge Lane, Leicester

Listing courtesy of Nexus Realty LLC. 828-585-2188

$199,500

3 Beds ⋅ 2 Baths ⋅ 4406985 MLS ⋅ ACTIVE Status

Affordable 2000 model single wide manufactured home in good condition in search of it's new owner. Located at the end of a private road in Leicester, come and enjoy the private country setting while still being about a 20 minute drive to downtown Asheville and West Asheville. Central heat is not currently functional so the square footage is not listed as heated living area, but the home conveys with portable heaters and window AC units for heating and cooling. Well and septic are shared with one other home. 4 wheel drive or all wheel drive is recommended for the road.

23 Tom Worley Road, Leicester

Listing courtesy of Keller Williams Professionals. seanpratt@kw.com

$94,900

3 Beds ⋅ 2 Baths ⋅ 4393083 MLS ⋅ ACTIVE Status

Opportunity awaits with this double-wide manufactured home situated on a spacious lot with plenty of room for gardening and outdoor enjoyment. The property includes a detached garage, offering additional storage or workspace. While the home is in need of repairs and updates, it presents great potential for investors, renovators, or buyers looking to add their personal touch. A shared well serves the neighboring properties along the street. Conveniently located with room to grow and make it your own.

8 White Oak Drive, Leicester

Listing courtesy of Howard Hanna Beverly-Hanks Asheville-Biltmore Park. elena.peters@allentate.com

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