Shelbyville Homes under $200,000

Shelbyville Homes under $200,000

Welcome to Shelbyville, Indiana—a charming city that beautifully blends small-town warmth with modern amenities. Nestled in Shelby County, this vibrant community is known for its rich history, friendly residents, and a variety of recreational opportunities. With a population of around 20,000, Shelbyville offers a welcoming atmosphere where neighbors become friends and families thrive.

One of the most appealing aspects of Shelbyville is its affordability. For homebuyers seeking value, the city boasts an impressive selection of homes priced under $200,000. Whether you’re a first-time buyer, a growing family, or looking to downsize, Shelbyville has something for everyone. From cozy bungalows to spacious family homes, the real estate market here is diverse and filled with potential.

Living in Shelbyville means you can enjoy the best of both worlds—easy access to the bustling city of Indianapolis, just a short drive away, while still relishing the tranquility of suburban life. The city is rich in parks, offering ample green space for outdoor activities, picnics, and leisurely strolls. Shelbyville also hosts a variety of local events and festivals, celebrating its heritage and fostering community spirit.

With its affordable housing options, friendly atmosphere, and convenient location, Shelbyville is an ideal place to call home. Whether you’re looking to plant roots or invest in a property, you’ll find that this delightful city has everything you need to create lasting memories. Come explore Shelbyville and discover the perfect home for you!

Newest Shelbyville Homes under $200,000

602 W Franklin Street, Shelbyville
$130,000
2 Beds ⋅ 1 Baths
Welcome to this 1925 bungalow, a 952 sq. ft. home with 2 bedrooms, 1 bathroom, and a large open living room. There are some recent updates including LVP Flooring throughout, updated vinyl windows, furnace, garage door and opener have also been replaced. Appliances stay. 1-car attached garage. The home still needs some work. Bring your ideas, update it to suit your style, and make it your own. Offered as-is at $130,000.

602 W Franklin Street, Shelbyville

Listing courtesy of Carpenter, REALTORS®.

624 W Washington Street, Shelbyville
$195,000
3 Beds ⋅ 2 Baths
Welcome home to this charming 3-bedroom, 2-bath bungalow near historic downtown Shelbyville, with local shops and dining nearby! Updates include electrical, plumbing, HVAC, water heater, roof, Amish-built vinyl windows, and foundation improvements. The inviting kitchen offers a stainless steel 5-burner gas range, dishwasher, and room for casual dining, while the separate dining room provides plenty of space for gatherings. The primary suite features a private bath with washer/dryer hookups, and two additional bedrooms share an updated Jack-and-Jill bathroom. Generous walk-in closets provide ample storage. Outside, enjoy a covered porch, fenced backyard, and storage shed. Off-street parking with alley access adds everyday convenience. Schedule your showing today!

624 W Washington Street, Shelbyville

Listing courtesy of The Stewart Home Group.

1036 Hendricks Avenue, Shelbyville
$119,500
2 Beds ⋅ 1 Baths
Two bedroom plus a flex space at the edge of Shelbyville available! This home has undergone some updates a few years ago and is waiting for the next owner to come in and make their own style! This home offers appliances with a lot of countertop space. Nice tile surround on bathtub, and laminate flooring throughout the home. The good size yard can be reached through the back door off the flex space where the laundry area is located. This home is part of a possible short sale.

1036 Hendricks Avenue, Shelbyville

Listing courtesy of Hoosier, REALTORS®.

535 Dunn Avenue, Shelbyville
$175,000
4 Beds ⋅ 3 Baths
Character, flexibility, and income potential - this 1939 home delivers all three. Set on nearly half an acre just minutes from downtown Shelbyville, the main residence greets you with a charming wrap-around front porch and a welcoming foyer that sets the tone for the generous space within. The main level offers a formal dining room, eat-in kitchen, two large rooms, and a full bath. Beyond the kitchen, a separate room with its own full bath and private side entrance creates an opportunity for a kitchenette conversion - pair it with the two large upstairs rooms and you have a self-contained upper-suite ideal for extended family or a rental tenant. Continue through the kitchen to a large utility/laundry room with cellar access and a mud room that bridges the original house to the uniqueness of this property: a finished studio apartment boasting a generous living area, full kitchen, private full bath, and its own exterior entrance. Whether you envision a rental unit, home business, creative studio, or guest quarters, this space delivers - and if garage use is ever preferred again, reinstalling doors is entirely feasible. A gravel parking pad accommodates multiple vehicles, and a rear shed handles all your storage and lawn care needs. With 4,198 square feet of workable space, 3 full baths, and multiple living configurations under one roof, this property is a rare find for investors, owner-occupants seeking rental income, or buyers who simply need room to grow. Come see the possibilities!

535 Dunn Avenue, Shelbyville

Listing courtesy of Highgarden Real Estate.

706 7th Street, Shelbyville
$199,900
3 Beds ⋅ 1 Baths
Updated 3 bedroom in the heart of Shelbyville! Fresh paint, new carpet and updated fixtures throughout make this property truly move-in ready! Great location near schools. Good yard with storage barn. Spacious living room with open floorplan provides a great space to relax. Come see today!

706 7th Street, Shelbyville

Listing courtesy of Realty Wealth Advisors.

1135 Meridian Street, Shelbyville
$199,900
3 Beds ⋅ 2 Baths
There's more to this home than you might expect from the curb. Three bedrooms, two full baths, a full basement and a fenced backyard, all under $200,000. Step inside to a bright living room that flows into the eat-in kitchen with white cabinetry, dark countertops and stainless steel appliances. The layout is comfortable and practical, with main-level laundry and a Jack-and-Jill bath connecting two of the bedrooms. The full unfinished basement adds plenty of additional storage beyond the 1,144 square feet of finished living space. Outside, the covered front porch, back deck and fully fenced backyard create even more space to enjoy, while alley access provides dedicated off-street parking for three vehicles. You're also close to Shelbyville parks and recreation, adding to the convenience of the location. A gas furnace approximately one year old, central air approximately seven years old and other practical updates have already been taken care of. Come see for yourself just how much this home has to offer.

1135 Meridian Street, Shelbyville

Listing courtesy of F.C. Tucker Company.

218 E Mechanic Street, Shelbyville
$175,000
3 Beds ⋅ 1 Baths
Welcome home to this inviting property offering a practical layout, plenty of space, and features that make it a great option for a first-time buyer or investor. The home offers both a comfortable living room and a separate family room, providing flexibility for everyday living, entertaining, or a home office. Outside, enjoy a privacy-fenced backyard with a deck, perfect for relaxing, grilling, or gathering with friends and family. The detached two-car garage provides excellent parking, storage, and workspace potential. The home also includes a partial unfinished basement, offering additional storage and the opportunity for the new owner to finish the space to suit their needs. With its functional floor plan, private backyard, detached garage, and additional basement space, this property offers plenty of potential. Whether you're looking for an affordable place to call home or an investment property with room to add value, this property is worth a look! Schedule your showing today and see the possibilities for yourself.

218 E Mechanic Street, Shelbyville

Listing courtesy of Keller Williams Indy Metro Partners.

324 W Locust Street, Shelbyville
$178,000
3 Beds ⋅ 2 Baths
Welcome to this 3 bedroom, 2 full bath home with a park like back yard & a covered porch! This home features vinyl replacement windows, a maintenance-free exterior, laminate flooring throughout, and a brand new roof, dishwasher, range hood and refrigerator! This home received extra insulation, and bathroom and kitchen updates in years past. If you love the quaintness of an older home, you'll find features such as higher ceilings, extra closet storage above, and the "gingerbread" looking wooden door on the mudroom. This home does offer off street parking, a very large storage shed and the yard is extra large for a city lot!

324 W Locust Street, Shelbyville

Listing courtesy of Hoosier, REALTORS®.

910 Elm Street, Shelbyville
$93,000
3 Beds ⋅ 1 Baths
Three-bedroom, one-bath home featuring unfinished basement with mechanicals and additional storage space. Off street parking. A family room/bonus room provides flexible living space and, although it does not have a closet, could potentially be used as a fourth bedroom, home office, or additional living area.

910 Elm Street, Shelbyville

Listing courtesy of REMAX ONE.

Lot 2 911 Hale Road, Shelbyville
$74,900
3 Beds ⋅ 2 Baths
Nearly Pristine and Move-In Ready, 3 Bedroom, 2 Full Bath, 2023 Clayton 3 Mobile Home in popular Westar Mobile Home Park in Shelbyville, IN. LVP Wood Flooring throughout with Carpet in all 3 Bedrooms. Walking Distance to Schools. Two Playgrounds on-site. Quiet Neighborhood and near Schools and Shopping. Monthly Lot Lease = $665.00 and Includes Lawn Care, Trash Pickup, Snow Removal and Common Area Maintenance; All Potential Home Owners must Submit Westar Lot Lease Application and be Approved before Closing this Purchase;

Lot 2 911 Hale Road, Shelbyville

Listing courtesy of MyHomeIndy.com.

1914 N 600 Road E, Shelbyville
$100,000
2 Beds ⋅ 1 Baths
Auction Opportunity - Country Home & Large Barn Come take a look at this little fixer-upper with plenty of potential! This 1,138 square-foot home on 2 acres offers an opportunity for someone looking to create a home in the country and make it their own. A large older bank barn is also included with the property, providing excellent space for storage, workshop use, hobbies, or other possibilities. The property will be sold at auction on October 8, 2026. The parcel will be surveyed and reduced to approximately 2 acres. The new west property line will be located just west of the well house situated in the field. Open House: September 19, 2026, from 12:00 PM to 2:00 PM. Come walk the property, see the potential, and decide if this country property is the opportunity you've been looking for! The address is 1914 E County Rod 600 S Waldron, IN.

1914 N 600 Road E, Shelbyville

Listing courtesy of Landproz of Indiana, LLC.

1132 N Michigan Road, Shelbyville
$194,900
2 Beds ⋅ 1 Baths
Take a look at this cozy shotgun 2 bedroom home. Freshly updated with new roof, water heater, AC and Furnace. Ready for you to come in and make it your own. This charming home does not own the lake, but they can't keep you from enjoying the view. The property sits on a generous .45 acre lot, providing ample outdoor space for various activities. A welcoming porch extends the living area outdoors, perfect for enjoying the surroundings. This single-story layout ensures ease of access and functional living. Close to the Casino and I74. To truly appreciate the thoughtful updates and expansive outdoor space, schedule your private viewing today.

1132 N Michigan Road, Shelbyville

Listing courtesy of BluPrint Real Estate Group.

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