Morgantown Homes under $400,000

Morgantown Homes under $400,000

Welcome to Morgantown, Indiana—a charming small town that embodies the essence of Midwest living. Nestled in the heart of Brown County, Morgantown boasts a rich history and a tight-knit community that welcomes newcomers with open arms. With its picturesque landscapes, friendly neighbors, and a vibrant local culture, it’s no wonder that Morgantown is becoming a sought-after destination for families, retirees, and everyone in between.

One of the most appealing aspects of Morgantown is its affordability. Here, you can find a variety of homes under $400,000, making it an ideal choice for first-time homebuyers or those looking to downsize without compromising on quality. From cozy single-family homes with charming front porches to spacious properties with ample backyard space, there’s something for everyone in this delightful town. Many of these homes feature modern amenities while retaining the character and warmth that small-town living offers.

In addition to its appealing housing market, Morgantown is surrounded by natural beauty, with nearby parks and recreational areas perfect for hiking, biking, or simply enjoying the great outdoors. The town also hosts local events and festivals throughout the year, fostering a sense of community and connection among residents.

With its affordable real estate options, welcoming atmosphere, and stunning surroundings, Morgantown, IN, is not just a place to live; it’s a place to thrive. Come explore the possibilities that await you in this hidden gem of a town!

Newest Morgantown Homes under $400,000

8035 N Dog Trot Lane, Morgantown
$399,900
2 Beds ⋅ 2 Baths
Now is your chance to own this rustic Brown County Log Home on 4.67 Acres! Discover the timeless charm and craftsmanship of this one-of-a-kind Brown County log home at 8035 N Dog Trot Ln. Custom built in 1998 using 150-year-old hand-hewn poplar logs, this distinctive home was handcrafted by a local artisan and showcases the character and warmth of a true Brown County retreat. Inside, you'll find beautiful custom white oak flooring, oak kitchen cabinetry, poplar walls and stairs, and authentic barn wood posts and beams that create a warm, inviting atmosphere throughout. The open-concept design features impressive 11-foot ceilings, allowing the natural beauty of the materials and spacious layout to take center stage. The home offers 2 bedrooms and 1.5 bathrooms, making it an ideal full-time residence or a weekend getaway. Situated on 4.67 acres, the property offers plenty of room to enjoy the outdoors and the natural beauty of the surrounding area. Step outside and relax around the firepit area, perfect for evenings under the stars, entertaining guests, or simply enjoying the tranquility of your own Brown County escape. A rare opportunity to own a handcrafted log home filled with history, character, and local craftsmanship.

8035 N Dog Trot Lane, Morgantown

Listing courtesy of Berkshire Hathaway Home.

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.

5452 S State Road 135, Morgantown
$399,000
3 Beds ⋅ 2 Baths
Welcome to this stylish 3-bedroom, 2-bath home built in 2023, offering the perfect blend of modern comfort, thoughtful design, and peaceful country living. Situated on 1 acre just across the Brown County line in Morgan County, this beautiful home gives you the charm and convenience of being close to Brown County while enjoying a little extra space to call your own. From the moment you arrive, the covered front porch creates a warm and inviting first impression and offers the perfect spot for morning coffee or relaxing at the end of the day. Inside, you'll find a bright and welcoming floor plan with plenty of natural light throughout and attractive LVP flooring that adds both style and easy maintenance. The spacious kitchen is the heart of the home, offering plenty of room for cooking, gathering, and entertaining family and friends. The primary suite features a private bath with a walk-in shower, adding a little extra comfort and convenience to your everyday routine. Step outside to the impressive 12' x 24' rear deck, providing plenty of space for outdoor dining, grilling, entertaining, or simply enjoying the peaceful surroundings. The home also features an on-demand water heater and spray foam insulation, adding energy efficiency and year-round comfort. With its newer construction, attractive style, comfortable layout, and desirable location, this home would make a wonderful full-time residence, weekend getaway, or possible short-term/tourist rental opportunity, subject to local regulations and approvals. If you've been looking for a newer home with modern finishes, a little breathing room, and a great location just across the Brown County line in Morgan County, this one is definitely worth a look!

5452 S State Road 135, Morgantown

Listing courtesy of Bear Real Estate Sales, LLC.

259 Morton Street, Morgantown
$289,900
4 Beds ⋅ 3 Baths
Discover a timeless charm reimagined for modern living at this gorgeous home! This completely remodeled house offers a unique blend of historical character and contemporary comfort. The heart of this home is its thoughtfully updated kitchen, designed for both everyday living and entertaining. It features sleek stainless steel appliances and a functional peninsula, providing ample workspace and a casual dining area. Step outside to embrace the expansive outdoor living possibilities. A private yard invites relaxation and recreation, complemented by a dedicated fire pit perfect for evening gatherings. Enjoy outdoor dining or simply unwinding on the patio, or greet the day from the welcoming porch. With four bedrooms and two and a half baths, this charming home provides versatile spaces for every lifestyle. This is an exceptional opportunity to embrace a vibrant lifestyle in a meticulously updated home. Located in the heart of town with easy access to shopping and dining nearby.

259 Morton Street, Morgantown

Listing courtesy of The Stewart Home Group.

290 S Marion Street, Morgantown
$189,900
3 Beds ⋅ 2 Baths
New Roof! New electrical rewire! New water heater! 3 bedrooms and 1 1/2 baths, beautiful original staircase and lots of charm. Living Room with wall of bricks. Updated light fixtures. 25' wide front porch. Great opportunity in Morgantown, convenient downtown location, close to shops and restaurants. Just minutes from Nashville/Brown County! Indian Creek Schools. Vacant with immediate possession.

290 S Marion Street, Morgantown

Listing courtesy of RE/MAX Advanced Realty.

9312 Spearsville Road, Morgantown
$295,000
3 Beds ⋅ 2 Baths
This Cottage style home sits on 4 beautiful secluded acres with wooded surroundings, giving it a peaceful tucked-away feel. Although the home is smaller, the vaulted ceilings and openness make it feel large. Great loft space could be used for so many things. Barn and two outbuildings for additional storage. Plenty of open ground for gardening, horses & chickens. Perfect to create hobby farm. Garage is oversized 1 car and has area for workbench and tools. Tall crawl space can be used for extra storage, has been used for canned goods in the past. Just 20 minutes from Nashville for dining, shopping and the Brown County Music Center. Franklin is an easy 20 minute drive and 55 minutes from Bloomington. You don't want to miss this opportunity to put your personal touch on this property and create your own little paradise. Listing includes 2 parcels. *Listing agent to schedule and be present at all showings.

9312 Spearsville Road, Morgantown

Listing courtesy of Crossroads Real Estate Group LLC.

628 W Robertson Road, Morgantown
$334,900
2 Beds ⋅ 2 Baths
Completely rebuilt and beautifully updated, this rustic-modern ranch offers peaceful Brown County living on 7.75 acres overlooking a stocked pond. The thoughtfully renovated 2-bedroom, 2-bath home blends warm rustic character with fresh, modern finishes, including luxury vinyl plank flooring throughout and all-new appliances. Relax on the screened porch while taking in tranquil pond views and watching wildlife among the mature trees. The basement has been reinforced and waterproofed, providing excellent additional storage space. Tucked into a scenic setting yet just minutes from downtown Nashville, this move-in-ready home offers the perfect combination of privacy, nature, and convenience.

628 W Robertson Road, Morgantown

Listing courtesy of Brown County Real Estate.

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.

162 W Robertson, Morgantown
$159,000
3 Beds ⋅ 1 Baths
Welcome to 162 W Robertson, a single-family residence in Morgantown, IN, built in 1973. This home is being offered AS-IS,, it is ready for you to move in. Home has been discovered to have some issues that need addressed and sellers are currently filling out a new disclosure. If you are looking for a great lot with a fixer upper in Brown County Indiana don't miss this opportunity. With three comfortable bedrooms and a full bathroom, this single-story layout offers practical living. The property also includes a charming porch, providing an ideal spot for relaxation or enjoying the outdoors on this expansive 63,162 square foot lot. Discover the potential for a fulfilling lifestyle at this Morgantown address.

162 W Robertson, Morgantown

Listing courtesy of Carpenter Hills O'Brown.

6660 N Railroad Road, Morgantown
$270,000
2 Beds ⋅ 1 Baths
Rustic Brown County charm just north of Bean Blossom! This appealing 2-bedroom, 1-bath ranch sits back nicely from the road on a picturesque 1.25-acre setting with a spacious front yard, wooded surroundings, and a peaceful, tucked-away feel. Enjoy the large wraparound deck, shaded breezeway, and oversized 24' x 30' two-car garage. Inside, an abundance of windows brings in lovely wooded views, while the family room features a Brown County stone fireplace with a cozy wood-burning insert. Recent updates include paint, laminate flooring, furnace, appliances, bath vent fan, GFCI outlet, crawl space sump pump, new ductwork in the living room and primary bedroom, carbon monoxide detector, added attic insulation, and a new crawl space access door. The location offers the best of both worlds - a quiet country feel with local favorite Brownie's Bean Blossom Family Restaurant right down the road and a short drive to Nashville for dining, shopping, and live entertainment at the Brown County Music Center, while still being an easy commute to the larger surrounding cities. You might just fall in love with this one!

6660 N Railroad Road, Morgantown

Listing courtesy of RE/MAX Allstars.

2127 S 475 W, Morgantown
$247,500
2 Beds ⋅ 1 Baths
Escape to the peaceful countryside with this charming ranch style home situated on 1.89 private acres in Morgantown, Indiana. Surrounded by nature and offering plenty of room to enjoy the outdoors, this property features a spacious two-car detached garage, freshly poured sidewalks that add convenience and curb appeal and a pond area full of potential. Major exterior updates provide peace of mind, including a new roof, siding, and heat pump heating and cooling system - all completed within the last four years. Inside, you'll find a cozy farmhouse feel with plenty of character and an opportunity to add your own personal style and updates over time. The homes includes an unfinished basement. Whether you're looking for a private retreat, room to roam, or a property with solid improvements already in place, this Johnson County home offers a rare combination of acreage, privacy, and potential.

2127 S 475 W, Morgantown

Listing courtesy of F.C. Tucker Real Estate Experts.

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