Indianapolis Homes under $400,000

Indianapolis Homes under $400,000

Welcome to Indianapolis, Indiana – a vibrant city that perfectly blends Midwestern charm with urban sophistication. Known as the "Crossroads of America," Indianapolis boasts a rich history, a thriving cultural scene, and a warm community spirit. From the iconic Indianapolis Motor Speedway to the stunning White River State Park, there’s no shortage of attractions to explore. The city is also home to a variety of museums, art galleries, and theaters, making it a hub for creativity and entertainment.

For those looking to plant roots in this dynamic city, you'll be delighted to discover a diverse selection of homes available for under $400,000. Whether you're a first-time homebuyer, a growing family, or looking to downsize, Indianapolis offers an array of options that cater to every lifestyle. From charming bungalows in historic neighborhoods to modern townhomes in bustling districts, you’ll find homes that blend comfort with character.

The neighborhoods of Indianapolis each have their unique flair, from the trendy shops and eateries of Broad Ripple to the serene, tree-lined streets of Meridian-Kessler. With a strong sense of community and a commitment to growth, Indianapolis is an ideal place to call home. Plus, with affordable housing options, you can enjoy the benefits of urban living without breaking the bank.

Explore the possibilities that await you in Indianapolis, where your dream home is just around the corner. Embrace the charm of this remarkable city and discover why so many choose to make it their home!

Newest Indianapolis Homes under $400,000

2065 Oldfields Circle South Drive, Indianapolis
$310,000
2 Beds ⋅ 3 Baths
Now is your chance to get into a sought-after, low-maintenance community near some of Indianapolis's best amenities. Surrounded by mature trees, this brick and cedar home has a warm, established feel. Inside, it offers more than 2,500 square feet. The two-story living room with its fireplace is the heart of the house, with the dining room and kitchen close by. The primary suite is on the main floor and has its own door out to the screened patio. Laundry and a half bath are also on the main level. Upstairs, a second bedroom and full bath sit alongside a loft and a sunroom. These spaces work well as an office, hobby room or guest space. Built-in bookshelves add a nice touch. The home sits on the largest lot in the subdivision, with a brick patio to enjoy the yard. An attached two-car garage adds parking and storage. Lawn care and snow removal are handled for you. Schedule a private showing to see it in person.

2065 Oldfields Circle South Drive, Indianapolis

Listing courtesy of Patrick T. Devine.

4370 Grayson Drive, Indianapolis
$349,900
5 Beds ⋅ 3 Baths
Make your next chapter happen in Wolfington on Kessler! Situated on nearly half an acre, this five-bedroom Cape Cod offers space to gather, unwind, and make your own. Inside, you'll find hardwood floors, stainless steel kitchen appliances, two full bathrooms, a half bath, and a finished basement that adds room for entertaining or everyday living. The backyard features a large concrete pool, mature trees, and a privacy fence. Enjoy a quiet morning on the screened porch, or spend the afternoon outdoors with the convenience of a separate changing room with its own full bathroom. Two chimneys, a wood-burning fireplace, and an iron wood stove add character. This home needs a little TLC and some remodeling, but the possibilities are exciting. Bring your vision and personal touches this could be a dream come true for one lucky buyer!

4370 Grayson Drive, Indianapolis

Listing courtesy of Highgarden Real Estate.

5525 Floating Leaf Drive, Indianapolis
$269,900
3 Beds ⋅ 2 Baths
At 5525 Floating Leaf DR in INDIANAPOLIS, IN, discover a single-family residence constructed in 2004, offering 2034 square feet of thoughtfully designed living space. This property presents an opportunity for comfortable living with a focus on practical elegance. Across two stories, this home provides a functional layout. The residence features three bedrooms, offering versatile spaces for rest and personalization. Accompanying these are one full bathroom and one half bathroom, providing convenience for residents and guests alike. Close to schools and shopping centers. **** New Floors, New Carpet, New Kitchen appliances****

5525 Floating Leaf Drive, Indianapolis

Listing courtesy of Nagra Realty Inc.

9103 Cinnebar Drive, Indianapolis
$160,000
2 Beds ⋅ 2 Baths
End-unit condo in North Willow Park offering a spacious two-story layout in Pike Township! A covered front porch welcomes you inside to a parquet entry and an open great room combining living and dining spaces beneath a vaulted ceiling. The impressive floor-to-ceiling brick wood-burning fireplace creates a striking focal point, while sliding doors off the dining area lead to a private patio. The kitchen features updated appliances, generous cabinetry, and convenient in-unit laundry, with a half bath completing the main level. Upstairs, an exceptionally spacious primary bedroom includes a large walk-in closet and direct access to the full dual-access bath, also accessible from the hallway for the second bedroom. An attached one-car garage with a new garage door adds everyday convenience. The HOA maintains the exterior and lawn and includes water and sewer, leaving more time to simply enjoy your home.

9103 Cinnebar Drive, Indianapolis

Listing courtesy of Compass Indiana, LLC.

349 W 29th Street, Indianapolis
$179,000
3 Beds ⋅ 2 Baths
Discover an inviting home at 349 W 29th ST, INDIANAPOLIS, IN, USA. Built in 1925, this 1579 square foot single-family residence is ready for you to move in, offering a comfortable and established living experience. The living room provides a welcoming atmosphere, centered around a classic fireplace, perfect for quiet evenings or lively gatherings. One of the well-appointed bathrooms features a convenient walk-in shower, blending functionality with modern comfort. This charming 1.5-story bungalow is further enhanced by an inviting porch, offering a pleasant space for relaxation. With 3 bedrooms and 2 full bathrooms, this property is designed for comfortable living. This home offers a unique opportunity to embrace a lifestyle of comfort and convenience; inquire today to experience it firsthand.

349 W 29th Street, Indianapolis

Listing courtesy of Diverse Property Solutions Ind.

717 E 44th Street, Indianapolis
$315,000
3 Beds ⋅ 2 Baths
Step right up to 717 E 44th ST in INDIANAPOLIS, IN, USA! This charming 1921 single-family residence, spanning a delightful 1561 square feet, is in great condition and practically winks at you from the curb. It's not just a house; it's a personality waiting to be discovered. Whip up your culinary masterpieces in a kitchen that practically begs for a dinner party! Featuring sleek stainless steel appliances, sophisticated stone counters, and a peninsula perfect for casual breakfasts or impromptu dance-offs, this kitchen is ready for all your gastronomic adventures. Cozy up in the living room where an ornamental fireplace and built-in shelves are just begging for your favorite books and quirky knick-knacks. Imagine evenings spent curled up with a good read or hosting game nights with friends - this room is the heart of homey fun. With 3 bedrooms, 1 full bathroom, and a handy half bathroom spread across its 2 stories, this property offers plenty of space for living, laughing, and perhaps a little bit of playful mischief. The basement offer 780 square feet just waiting to be finished for added livining space. Outside, a private yard beckons for sun-soaked afternoons, a dedicated outdoor dining area promises al fresco feasts, and a charming patio is the perfect spot for sipping your morning coffee or evening mocktails. The detached 1-car garage is an added bonus. This attractive property is your ticket to a life filled with comfort and cheer. Don't just dream about it; come see why this delightful abode is the perfect backdrop for your next chapter!

717 E 44th Street, Indianapolis

Listing courtesy of BluPrint Real Estate Group.

432 Chapel Hill West Drive, Indianapolis
$239,995
3 Beds ⋅ 2 Baths
Updated 3-bedroom, 2-bath home on a quiet 0.30-acre cul-de-sac lot in the Chapel Hill community, Wayne Township schools. Inside, you'll find new luxury vinyl plank flooring, new carpet, and updated bathrooms, so it's ready for you to move in. The large lot gives you plenty of outdoor space for relaxing, gardening, or entertaining. There's also an attached 1-car garage for convenience and storage. The HOA is voluntary, so there are no mandatory fees. The dead-end street location is peaceful but still minutes from Ben Davis High School, I-465, and Avon shopping, including Costco, Target, and Walmart. Schedule your showing today!

432 Chapel Hill West Drive, Indianapolis

Listing courtesy of House Counsel Realty.

3351 Kenwood Avenue N, Indianapolis
$120,000
4 Beds ⋅ 2 Baths
Renovation opportunity in Crown Hill! This 4-bedroom, 1.5-bath home offers approximately 1,904 finished SqFt across two stories, with a basement providing additional storage. The home offers room for updates and personal touches, with potential to finish the attic for additional living space. A detached 1-car garage offers an additional improvement opportunity. Nearby renovated sales suggest potential resale value in the low-to-mid $200s after remodeling, depending on the improvements and market conditions. Ideally located minutes from the $4.3B IU Health hospital complex, the Children's Museum, and the 16 Tech innovation district, with new mixed-use investment underway at 34th & Illinois. An opportunity for a renovation project, a potential rental investment or a buyer looking to update a home and build equity."

3351 Kenwood Avenue N, Indianapolis

Listing courtesy of Trueblood Real Estate.

6750 E 52nd Street, Indianapolis
$159,900
3 Beds ⋅ 2 Baths
Welcome to this well-maintained 3-bedroom, 1.5-bath ranch in the established Brookhaven neighborhood of Lawrence Township. Offering approximately 1,248 square feet of comfortable one-level living, this move-in-ready home features a functional floor plan with a welcoming living room, bright eat-in kitchen and dedicated laundry/utility area. Just off the kitchen, an impressive family/bonus room provides a generous second living space with plenty of flexibility for relaxing, entertaining, a recreation area or everyday gatherings. The home has been nicely cared for over the years and is ready to enjoy while still offering opportunities for a new owner to add their own personal style and updates. Outside, a large, covered carport provides convenient protected parking, while the fenced backyard offers plenty of room for entertaining, gardening and other outdoor activities. A good-sized storage shed provides additional space for lawn equipment and seasonal items. Conveniently located near Fort Harrison State Park and area amenities, with easy access to shopping, dining, Indianapolis, Fishers and major highways, this Brookhaven ranch is ready to welcome it's next owner.

6750 E 52nd Street, Indianapolis

Listing courtesy of Coldwell Banker - Kaiser.

8169 Whitaker Valley Boulevard, Indianapolis
$230,000
3 Beds ⋅ 2 Baths
Welcome to this inviting 3-bedroom, 2-bathroom single-family home in the Whitaker Valley neighborhood of Perry Township. Offering just over 1,300 square feet of living space, this home features a functional floor plan, comfortable living areas, and plenty of space both inside and out. Upon arrival, you'll appreciate the 2-car attached garage, concrete driveway, and welcoming front porch. Step inside to an open entry area that flows into the spacious living room, featuring soaring cathedral ceilings and an adjoining dining area that creates an open and inviting atmosphere. Just steps away, the kitchen offers ample cabinetry and counter space for meal preparation, bright white appliances, and a convenient pantry for additional storage. The kitchen also provides easy access to the garage and backyard. Down the hallway, the primary suite offers a walk-in closet, private full bathroom with a tub/shower combination, and convenient access to the backyard and deck. Two additional bedrooms & a full bathroom provide flexible space for family, guests, a home office, or other needs. Outside, enjoy the fully fenced backyard and large deck-perfect for entertaining, relaxing, or enjoying time outdoors. Conveniently located just minutes from St. Francis Hospital, the amenities along US 31, and Greenwood shopping and dining. Don't miss the opportunity to make this well-located Perry Township home your own!

8169 Whitaker Valley Boulevard, Indianapolis

Listing courtesy of T&H Realty Services, Inc..

3839 Hoyt Avenue, Indianapolis
$196,900
3 Beds ⋅ 2 Baths
Charming, kitchy, and full of character-this well-maintained 3-bedroom, 1.5-bath home is nestled in a quiet, established neighborhood and offers the perfect blend of comfort and versatility. Beautiful hardwood floors and an open-concept layout create a warm, inviting atmosphere with seamless flow between living spaces. The spacious, fully fenced backyard is ideal for entertaining, pets, or simply enjoying added privacy. An oversized 2-car garage provides ample storage and flexibility-perfect for a workshop, hobby space, or additional parking. An additional parking space is located next to the garage. The clean, solid basement offers excellent storage and potential for future use. With three bedrooms and a functional layout, this home is well-suited for both owner-occupants and savvy investors. Its setup makes it a strong candidate for furnished, mid-term, or short-term rental opportunities. A unique blend of charm, practicality, and income potential-don't miss your opportunity to own this versatile home!

3839 Hoyt Avenue, Indianapolis

Listing courtesy of My Agent.

9554 Oakley Drive, Indianapolis
$360,000
2 Beds ⋅ 4 Baths
WELCOME HOME!!! This gorgeous one owner property is just waiting for you! Multiple levels for your living enjoyment. The Main level has a formal dining room along with a breakfast nook for a more casual meal just off the warm and inviting kitchen. The kitchen is made ready for those holiday meals or entertaining with an induction cooktop and double oven. It boasts custom lighting over the bar area leading into the great room. Don't forget to take a look at the outside space for a morning cup of coffee or evening beverage to relax. The upstairs boasts a large primary bedroom with walk-in closet. Take a look at the custom additions to the closet. The second bedroom is currently being used as an office with its own full bathroom as well. The laundry room is upstairs for your convenience. Let's not forget about the lower level which is currently being used as a game room complete with a full bathroom. There are endless possibilities for the lower level. Bring your vision. Finally, LOCATION, LOCATION, LOCATION!!! Close to the interstate, dining both fine and casual and just minutes away from shopping. Don't let this one pass you by! Schedule your appointment today!

9554 Oakley Drive, Indianapolis

Listing courtesy of B.G. Realty Group, LLC.

Start Your Search

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative