indianapolis Homes under $200,000

indianapolis Homes under $200,000

Welcome to Indianapolis, the vibrant capital city of Indiana, nestled in the heart of Marion County. Known for its rich history, diverse culture, and friendly atmosphere, Indianapolis offers a unique blend of urban excitement and Midwestern charm. Whether you’re a first-time homebuyer, a growing family, or looking for an investment opportunity, the real estate market in Indianapolis has something special to offer.

One of the most appealing aspects of Indianapolis is its affordability, especially when it comes to homes priced under $200,000. This price point opens the door to a range of options, from cozy bungalows in historic neighborhoods to modern condos in bustling districts. With a thriving economy and a low cost of living, Indianapolis is an attractive destination for those seeking a home without breaking the bank.

Living in Indianapolis means you can enjoy a plethora of amenities, including world-class dining, shopping, and entertainment. The city is renowned for its sports culture, being home to the Indianapolis Colts and the famous Indianapolis 500 race. Parks and recreational areas abound, offering residents ample opportunities for outdoor activities, from biking along the scenic Monon Trail to enjoying a day at White River State Park.

With a robust community spirit and a growing arts scene, Indianapolis is more than just a place to live; it’s a place to thrive. Explore the possibilities of homeownership in this dynamic city, where your dream home awaits just under $200,000! Discover the charm of Indianapolis and make it your new home today!

Newest indianapolis Homes under $200,000

1419 Leonard Street, Indianapolis
$135,000
3 Beds ⋅ 1 Baths
Incredible investment opportunity or DIY project loaded with classic character! This 3-bedroom, 1-bathroom home is being sold as-is and offers incredible potential for a buy-and-hold rental property, value add flip, or custom primary residence.

1419 Leonard Street, Indianapolis

Listing courtesy of FS Houses LLC.

5736 Blackley Lane, Indianapolis
$195,000
3 Beds ⋅ 2 Baths
Welcome home to 5736 Blackley Lane! This charming 3 bed 2 bath ranch is the perfect blank canvas, ready for its new owner to bring their creative vision to life. Nestled in the Liberty Village neighborhood of Pike Township, this inviting abode offers 1,116 sqft of living space with a bright, functional layout. The heart of the home, the living room, provides a welcoming atmosphere with cathedral ceilings, updated LVP flooring(2019), & a cozy fireplace perfect for those chilly Fall & Winter evenings. Two secondary bedrooms & a full hallway bathroom offer privacy & convenience for everyone. Your spacious primary suite includes dual closets & a full en-suite bath, with ample natural lighting & a half-vaulted ceiling, enhancing the sense of space and tranquility. A dedicated laundry & utility room attached to the 2-car garage keeps chores, mechanical units, and storage out of sight, designed for ease and convenience. The spacious, tree lined backyard & concrete patio complete the home, offering a serene place to relax or entertain guests. The addition of gutter guards & newer downspouts(2023), plus a newer garage door and roof, offers peace of mind when it comes to costly exterior items. Located minutes from Eagle Creek Park, Indianapolis Motor Speedway, and with easy access to I-465 & I-65, this gem perfectly balances affordability & prime location. Whether you're looking for your first home, your next investment property, or just looking for a change, with a little imagination & some TLC, this home is sure to check all of your boxes. Showings start 10/4

5736 Blackley Lane, Indianapolis

Listing courtesy of F.C. Tucker Company.

1530 Barth, Indianapolis
$194,900
3 Beds ⋅ 2 Baths
Investor opportunity you don't want to miss! This property is packed with potential and offers a great opportunity for an investor or buyer looking to create a home of their own. Featuring 3 bedrooms plus a bonus room, a spacious layout, and a basement with additional potential to be finished for even more usable space. A portion of the renovation has already been completed - now it's ready for the next owner to finish the remaining work and bring their vision to life. With charming architectural details, a covered front porch, plenty of space, and multiple opportunities to add value, this property has so much to offer. Whether you're looking for your next investment project or a home to customize and make your own .don't miss this opportunity!

1530 Barth, Indianapolis

Listing courtesy of Compass Indiana, LLC.

5539 Younkin Drive, Indianapolis
$149,900
3 Beds ⋅ 2 Baths
Welcome to 5539 Younkin DR, a charming condominium in Indianapolis, IN, USA. Built in 1999, this inviting home offers 1730 square feet of meticulously maintained living space, ready for immediate enjoyment. The ranch-style exterior opens into a living room with Vaulted Ceilings and designed for comfort and gathering and Opens to your Dining Room for your enjoyment which Opens into the Enclosed Family Room and a welcoming fireplace serves as a focal point for enjoyment. Awesome Glass Enclosed porch for outside enjoyment just off of the Family Room. This residence includes three thoughtfully appointed bedrooms and two full bathrooms, offering ample personal space and convenience. Further enhancing daily living, the property features a dedicated laundry room and a 2Car attached garage, providing practical solutions for storage and vehicle protection. Discover the effortless lifestyle awaiting you at this exceptional Indianapolis condominium. Senior Living at its Finest.

5539 Younkin Drive, Indianapolis

Listing courtesy of Hall & Russell Real Estate Group.

2227 George Street, Anderson
$164,900
2 Beds ⋅ 1 Baths
Looking for a home that is practically brand new without the brand-new price tag? This 2-bedroom, 1-bathroom home is a must-see! Transformed from top to bottom with new flooring, plumbing, HVAC, electrical, and beautifully renovated kitchen and bathroom. It's fresh, modern, and move-in ready! And then there's THE GARAGE! This huge 3-car garage offers incredible space for vehicles, toys, hobbies, a workshop, storage-or all of the above! Plus, a full basement with plenty of room to develop gives you even more space. This one packs a whole lot of **WOW** into a 2-bedroom home!

2227 George Street, Anderson

Listing courtesy of Epique Inc.

1429 W 4th Street, Anderson
$199,900
3 Beds ⋅ 3 Baths
Better Than New & Ready for You! Built in 2023 and completely move-in ready, this gorgeous 3-bedroom, 2.5-bath home has the fresh, modern feel you've been looking for-without the wait of building! Step inside to a bright, open-concept layout designed for both everyday living and effortless entertaining. The modern finishes and spacious living areas give the home a clean, stylish feel while still being warm and inviting. The massive primary suite is a true retreat with plenty of room to unwind and make the space your own. Two additional bedrooms offer flexibility for family, guests, a home office, or whatever fits your lifestyle. With its newer construction, modern design, spacious layout, and truly move-in-ready condition, this home checks all the boxes. Just unpack, settle in, and start enjoying your practically-new home!

1429 W 4th Street, Anderson

Listing courtesy of Priority Realty Group.

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.

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.

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.

122 S 6th Avenue, Beech Grove
$200,000
3 Beds ⋅ 2 Baths
In the BEECH GROVE subdivision, 122 S 6th Ave, Beech Grove IN 46107 is a 1,320-square-foot home built in 1945 and renovated in 2026. Inside, the living area features a fireplace to gather around on cooler evenings, complemented by fresh interior paint and partial flooring replacement. An unfinished basement adds practical utility with laundry space and storage. Outside, the fenced yard includes a patio ready for dining in the open air, alongside a detached garage for vehicle parking and equipment storage. Convenient access to I-465 and I-65 supports a direct commute across Beech Grove. See all that this updated 1945 home provides. Included 100-Day Home Warranty with buyer activation

122 S 6th Avenue, Beech Grove

Listing courtesy of Opendoor Brokerage LLC.

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