Morgantown Homes under $350,000

Morgantown Homes under $350,000

Welcome to Morgantown, Indiana – a hidden gem nestled in the heart of Brown County. Known for its picturesque landscapes and tight-knit community, Morgantown offers a charming blend of small-town warmth and natural beauty. With its scenic parks, quaint shops, and friendly locals, it’s no wonder that this area has become a desirable place to call home.

For those seeking affordable housing options, Morgantown presents an impressive selection of homes under $350,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, you’ll find a variety of properties that cater to your needs. From cozy cottages with character to modern single-family homes, there’s something for everyone in this inviting community.

Imagine waking up to the soothing sounds of nature and enjoying your morning coffee on a charming porch, surrounded by the breathtaking landscapes of Brown County. With easy access to outdoor activities such as hiking, fishing, and exploring nearby state parks, Morgantown is perfect for those who appreciate an active lifestyle.

In addition to its natural allure, Morgantown boasts a strong sense of community, with local events and gatherings that foster connections among residents. The town’s rich history and friendly atmosphere make it an ideal place to settle down.

If you’re ready to embark on a new chapter in Morgantown, Indiana, explore our listings of homes under $350,000 today. Experience the charm, community, and affordability that this lovely town has to offer!

Newest Morgantown Homes under $350,000

4736 E Mahalasville Road, Morgantown
$325,000
3 Beds ⋅ 2 Baths
If you're looking for a place where life feels a little quieter, a little slower, and a lot more peaceful, this is it. Set on 4.25 acres of mature trees and wooded surroundings in beautiful Morgan County, this 2017-built home offers the kind of privacy and space that's getting harder to find. There's no subdivision, no HOA, and plenty of room to spread out, enjoy the outdoors, and simply have some space to breathe. The 3-bedroom, 2-bath home offers 1,512 square feet with an open living and dining area, spacious kitchen, large pantry, split-bedroom layout, and walk-in closets. Step outside and the property really shines, with a large screened-in porch, multiple decks, mature trees, and plenty of places to sit, relax, entertain, or enjoy a quiet morning surrounded by nature. The property also offers an impressive amount of usable space with a 550-square-foot detached garage, storage barn, pole barn, mini barn, shed, and additional outbuildings. Whether you need room for hobbies, equipment, storage, a workshop, or simply want the freedom that comes with having land, there is plenty of opportunity here. Recent improvements include a new septic system, new well pump. and a tankless water heater! Located in the Indian Creek school district and surrounded by the peace and privacy of the country, this is more than just a home-it's a chance to get away from the noise and enjoy a simpler pace of life while still having the space and conveniences you need.

4736 E Mahalasville Road, Morgantown

Listing courtesy of F.C. Tucker Company.

1825 W Three Story Hill Road, Morgantown
$299,900
3 Beds ⋅ 2 Baths
Sitting high on 2.4+ acres in northern Brown County, this ranch home over a walk-out basement has rolling views and real room to spread out. The land already has a head start on homestead life - established black walnut, peach, apple, and persimmon trees, plus grapes and raspberries - with plenty of open space left for gardens, animals, or a horse or two. Two outbuildings add storage and workspace, and a second driveway runs back to the pole barn. Municipal water serves the house, and a separate rainwater cistern collects roof runoff for outdoor and homestead use. Inside, hardwood floors cover most of the main level, and the living room centers on a fireplace with a wood-burning stove insert. The kitchen's been updated with solid cabinetry, granite counters, and nearly-new KitchenAid stainless appliances that stay with the home. Replacement double-hung vinyl windows (with a wood-look finish) add efficiency without losing the home's character. The walk-out basement adds valuable extra space, including a finished room currently used as an additional bedroom, and the attached two-car garage is heated and cooled year-round. The wraparound deck is built for taking in the views - solid and in good shape, just due for a fresh coat of stain. The road out front is quiet and well-maintained, and State Road 135 is only a couple of miles away, putting Martinsville, Trafalgar, and Franklin within easy reach and Greenwood, Bloomington, and Columbus not far beyond. Acreage, views, hardwood floors, a walk-out basement, updated systems, outbuildings, garage space, and established fruit trees - this one checks a lot of boxes for buyers looking in Brown County. The Motivated Seller is now offering a $5,000 credit toward Buyer's closing costs along with the new lower price, so you better act fast!

1825 W Three Story Hill Road, Morgantown

Listing courtesy of RE/MAX Allstars.

8236 N Lasalle Road, Morgantown
$349,900
3 Beds ⋅ 1 Baths
Brown County Cabin Dreams Start Here! Tucked among the trees with lake rights to beautiful Lasalle Lake, this storybook log cabin is the perfect blend of rustic charm and modern comfort. Whether you're searching for a full-time home, a peaceful weekend retreat, or the ultimate place to enjoy Indiana's breathtaking fall colors, this one is sure to capture your heart. Inside, you'll find approximately 2,000 square feet of warm, inviting living space featuring an open-concept floor plan designed for gathering with family and friends. The spacious great room is anchored by a cozy wood-burning fireplace, creating the perfect spot to unwind after a day on the lake or hiking the scenic trails of Brown County. The dining area flows effortlessly into the oversized kitchen, complete with a large breakfast bar, farmhouse sink, abundant cabinetry, and picturesque views of the park-like backyard. Step outside and experience what makes this property truly special. The covered back deck is made for entertaining, morning coffee, football Saturdays, and unforgettable evenings surrounded by spectacular fall foliage. With lake rights near the dam, you'll enjoy easy access to Lasalle Lake for fishing, kayaking, canoeing, or simply soaking in the peaceful surroundings, however no ski boats! Need space for hobbies or projects? The oversized two-car detached garage offers plenty of room for vehicles, tools, and a workshop. A fenced area for pets gives your four-legged family members room to roam, while the welcoming covered front porch invites you to slow down, sip your coffee, and enjoy everything Brown County living has to offer. This rare property combines log cabin charm, lake access, wooded privacy, outdoor living, and modern updates in one unforgettable package. Opportunities like this don't come along often.

8236 N Lasalle Road, Morgantown

Listing courtesy of Keller Williams Indy Metro Partners.

Start Your Search

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