Perry Homes under $200,000

Perry Homes under $200,000

Welcome to Perry, a hidden gem nestled in the heart of Marion County, Indiana! This charming community offers an inviting blend of suburban tranquility and urban convenience, making it an ideal place for families, young professionals, and retirees alike. With its friendly atmosphere and diverse population, Perry is a wonderful place to call home.

One of the most appealing aspects of Perry is its affordability, particularly when it comes to housing. If you’re searching for homes under $200,000, you’ll find an array of options that cater to various tastes and lifestyles. From cozy single-family homes with quaint yards to modern townhouses that maximize space and comfort, Perry has something for everyone. These budget-friendly homes allow you to invest in your future without sacrificing quality of life.

The region is also known for its excellent schools, vibrant parks, and recreational facilities, providing ample opportunities for outdoor activities and family fun. With local shops, restaurants, and community events, Perry fosters a strong sense of belonging while keeping you connected to the excitement of nearby Indianapolis.

Whether you’re looking to start a new chapter or find a peaceful retreat, Perry offers the perfect backdrop for your next adventure. Explore our listings of homes under $200,000 and discover the charm and convenience that this delightful community has to offer. Your dream home in Perry awaits!

Newest Perry Homes under $200,000

8158 Lima East Drive, Indianapolis
$110,000
2 Beds ⋅ 2 Baths
This property offers excellent potential for an investor or buyer looking for a renovation project. The home features 2 bedrooms, an eat-in kitchen, abundant natural light, ceiling fans, and a full basement providing additional living, recreation, or storage space. The spacious back deck overlooks a private yard and offers great outdoor entertaining potential. Conveniently located in Perry Township Schools, just minutes from downtown, shopping malls, grocery stores, dining, and major interstates. Please note: This home needs work and is not move-in ready. Buyers and investors are strongly encouraged to review all photos carefully and conduct their own inspections and due diligence.

8158 Lima East Drive, Indianapolis

Listing courtesy of Berkshire Hathaway Home.

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.

3739 Lima Court, Indianapolis
$109,900
2 Beds ⋅ 2 Baths
Welcome to Sherman Oaks! This spacious 2-bedroom, 1.5-bath, two-story condo with a basement offers comfortable living and plenty of flexible space. The main level features a charming country-style kitchen, neutral paint, and hardwood-look laminate flooring. Upstairs, you'll find two generously sized bedrooms, including a spacious primary bedroom with a cozy sitting area and walk-in closet. The finished basement provides additional living space that can be used as a family room, home office, workout area, or recreation room. Outside, enjoy the covered front porch overlooking mature trees, as well as a wooden back deck with space for outdoor seating and relaxation. Convenient location near Greenwood and Southport shopping, dining, entertainment, and recreational amenities.

3739 Lima Court, Indianapolis

Listing courtesy of eXp Realty LLC.

645 Martin, Indianapolis
$144,900
3 Beds ⋅ 1 Baths
Welcome to this beautifully remodeled home, updated in March 2026 with numerous improvements including roofing, plumbing, a new sewer line, updated flooring, new doors, and some new windows. The property also features an oversized detached one-car garage offering additional parking and storage space. Conveniently located near Garfield Park with quick and easy access to I-65 and I-465. The property is currently tenant occupied and rented for $1,450 per month, making it a great opportunity for investors. Tenant rights apply. Showings are permitted Monday through Thursday from 1:00 PM to 3:00 PM and Friday and Saturday from 1:00 PM to 6:00 PM. Per the tenants' request, the seller will be present during all showings and will provide access to the property. Please call the seller directly to obtain approval and confirm the showing prior to arrival.

645 Martin, Indianapolis

Listing courtesy of Realty of America LLC.

4216 Foxglove Trace, Indianapolis
$150,000
4 Beds ⋅ 3 Baths
Welcome home to this spacious 4-bedroom, 2.5-bath condo in The Timbers, offering plenty of room to spread out in a peaceful, wooded setting. The generous living room features a brick fireplace and sliding glass doors that bring in natural light and open to a private deck surrounded by mature trees. The kitchen offers abundant cabinetry and counter space, providing plenty of room for everyday meal preparation. With four bedrooms, there is plenty of flexibility for guests, a home office, or hobby space. The primary bedroom features a walk-in closet and private full bathroom, while the additional bedrooms are nicely sized. Outside, enjoy multiple outdoor spaces, including the deck and a private fenced patio area with additional storage. A carport provides convenient covered parking. The Timbers offers a quiet, tree-filled setting while still providing convenient access to shopping, dining, everyday amenities, downtown Indianapolis, and the airport. Whether you're seeking a low-maintenance lifestyle, a tranquil setting, or a home that combines privacy with convenience, this condo delivers it all. Experience the beauty of every season from your own wooded retreat at The Timbers. Water, sewer, and trash included in HOA dues.

4216 Foxglove Trace, Indianapolis

Listing courtesy of DAVID BRENTON'S TEAM.

3601 S New Jersey Street, Indianapolis
$190,000
3 Beds ⋅ 1 Baths
Wanna own a half acre without leaving Indianapolis? This 3-bedroom, 1-bath stone ranch in Westfield's Garden Acres has a fully fenced backyard in Perry Township schools. Updated where it counts, it's ready for its next chapter. Out front, the stone exterior and big picture window give it real curb appeal. Walk inside and you'll notice the brand-new carpet just installed ... and here's the bonus: original hardwood floors are waiting underneath. Owner's are making this move in ready for the new buyers. Worried about big-ticket repairs? Don't be! The roof was replaced in 2017, the HVAC system was installed in 2019 and just serviced, and every exterior door was replaced in 2019. Replacement windows and a new garage door and opener on the attached 1-car garage round it out. The garage keeps the mower, tools, and bikes out of the weather. Now picture your first Saturday here. Coffee on the back deck while the dog runs the fenced yard. Plenty of room for a garden, a fire pit, a playset, or a game of cornhole with the neighbors. No HOA, so the half acre is yours to use however you want. That kind of space is hard to find this close to the city. Westfield's Garden Acres puts you minutes from the University of Indianapolis and Garfield Park, the city's oldest park and home to the Garfield Park Conservatory and Sunken Garden. Shopping and restaurants along Madison Avenue and East Street are right around the corner, and quick access to US-31, I-65, and I-465 puts downtown Indy about 15 minutes away. Located in Perry Township Schools. Don't sleep on it or you won't sleep in it!

3601 S New Jersey Street, Indianapolis

Listing courtesy of Real Broker, LLC.

530 E Sumner Avenue, Indianapolis
$200,000
3 Beds ⋅ 2 Baths
Welcome to this TOTALLY REMODELED ranch home spanning 1,808 square feet on nearly an acre. The large living room opens into a modern kitchen and dining, great for everyday living and entertaining. Anchored by a center island, custom cabinetry, stainless steel appliances, and beautiful butcher block countertops add warmth to the space. The private primary ensuite bath and full hall bath are beautifully finished. With two additional bedrooms and a flexible private office. Natural light highlights the new luxury vinyl plank floors and fresh, crisp paint throughout. Every inch of this home has been updated. Nearly one-acre enclosed by a privacy fence, the outdoor space with new concrete patios in the front and back is open to your imagination. An oversized two-car garage with opener and long driveway add ample parking and storage space. Get peace of mind with the high-efficiency gas furnace, central air conditioning, and a gas water heater-all under 5 years old, and a new roof in 2018. This home offers easy access to Downtown Indy, Greenwood, and major highways. With shopping and dining just minutes away, you've found the sweet spot of suburban privacy and urban convenience. Buyer must do their own due diligence for zoning use.

530 E Sumner Avenue, Indianapolis

Listing courtesy of Compass Indiana, LLC.

6526 Jade Stream Court, Indianapolis
$195,000
3 Beds ⋅ 2 Baths
Beautiful 3 bedroom 2 full baths condominium with 1 car garage and storage. Amazing cathedral ceilings throughout. Wood laminate flooring. Split bedroom floorplan with awesome master bedroom with 2 huge walk in closets. Separate vanity from toilet. Kitchen connects with great room and dining, open concept. Kitchen has beautiful granite and bar, with double door pantry and all new stainless appliances are included. The new lighting , toilets , paint and fans you will love. HVAC (2020) and Water Heater in (2019). Outdoor patio is off of great room, with amazing view. HOA fees include water, sewer, trash, and snow removal. Enjoy the pool, clubhouse, and exercise room as well. Carefree living and convenient location only 12 minutes to downtown Indy! New hot water heater 2026

6526 Jade Stream Court, Indianapolis

Listing courtesy of RE/MAX Advanced Realty.

1933 Britton Drive, Beech Grove
$154,900
5 Beds ⋅ 1 Baths
**INVESTOR SPECIAL & VALUE-ADD OPPORTUNITY IN BEECH GROVE!** This 5-bedroom, 1-bathroom home at 1933 Britton Dr offers an exciting opportunity for investors, flippers, or a handy buyer looking to purchase a property with significant upside potential. This home also has an existing 2% interest rate mortgage that can be assumed. The home features a newer roof, five bedrooms, and a spacious backyard, providing a solid foundation for a renovation project. There is also an easy opportunity to add a second bathroom, which could further improve the home's functionality and marketability. With the right improvements, this property has the potential to be a high-value fix-and-flip or a great addition to an investor's portfolio. For a handy buyer, this is an opportunity to put in some work, build equity, and create a home tailored to their vision. Conveniently located in Beech Grove with easy access to Indianapolis, this property is ready for someone who recognizes the potential and knows how to unlock it. Bring your vision, your tools, and your offer!

1933 Britton Drive, Beech Grove

Listing courtesy of Better Homes and Gardens Real Estate Gold Key.

922 E Elbert Street, Indianapolis
$179,900
4 Beds ⋅ 2 Baths
Nestled on a beautiful double lot of just over half an acre in a quiet neighborhood, this charming 4-bedroom home offers space, character, and endless possibilities. With two bedrooms on the main level and two upstairs, this home provides a comfortable and functional layout for a variety of lifestyles. The inviting kitchen is full of charm, while the dining area features a cozy wood-burning fireplace that creates the perfect setting for family dinners and holiday gatherings. Just beyond, you'll find a spacious family room with sliding glass doors leading to the backyard patio, making indoor and outdoor entertaining effortless. Enjoy your morning coffee on the covered front porch or spend evenings relaxing on the backyard patio overlooking the expansive yard with plenty of room to garden, play, or simply enjoy the outdoors. This property also offers exceptional garage and storage space, including an attached underground one-car garage, a detached four-car tandem-style garage, a dedicated workshop area, a block storage shed, and a long driveway with ample parking for vehicles, hobbies, or recreational equipment. Offering timeless character and the opportunity to add your own personal touches, this home is full of potential and ready for its next chapter. Whether you're looking for your forever home or your next investment, this is a property you won't want to miss. Schedule your private showing today-this one is truly a must-see!

922 E Elbert Street, Indianapolis

Listing courtesy of United Real Estate Indpls.

80 S 5th Avenue, Beech Grove
$134,900
4 Beds ⋅ 2 Baths
CALLING ALL FLIPPERS! $220K ARV! Here's your chance to grab a project in the heart of Beech Grove - one block off Main Street, with 410 Main Street Bar and Grill, 5th Ave Smash Burgers, and Anecdote Coffee all within a couple blocks, and Beech Grove's own city schools and services around the corner. This 4-bedroom, 2-bathroom home offers roughly 1,700 square feet across two stories, with a detached one-car garage out back. The home needs a full cosmetic renovation. Step in, pick the finishes that fit your budget and exit strategy, and ride Main Street's momentum. Priced well below the neighborhood's renovated values and sold strictly as-is, this one pencils for a rehabber, landlord, or sweat-equity buyer alike. Bring your contractor, run your numbers, and schedule your showing today - cosmetic projects with this spread won't hang around!

80 S 5th Avenue, Beech Grove

Listing courtesy of @properties.

6239 Amber Creek Lane, Indianapolis
$140,000
2 Beds ⋅ 2 Baths
Enjoy low-maintenance living in this spacious third-floor condo offering 2 bedrooms, 2 full baths, and a desirable split-bedroom floor plan which adds privacy. The freshly painted, open Great Room features a vaulted ceiling which creates a bright, spacious feel and opens to a private balcony-perfect for enjoying your morning coffee or relaxing at the end of the day. The Primary Bedroom also features a vaulted ceiling along with its own private bath, while the second bedroom and full bath are conveniently located on the opposite side of the home. An in-unit laundry room adds everyday convenience, and assigned parking means you always have a designated space waiting for you. Best of all, enjoy the benefits of low-maintenance living with the exterior maintained for you. Spend less time worrying about outside and landscaping upkeep and more time enjoying your nights and weekends. Additionally, no more need for a gym membership with access to a fitness center in the clubhouse. During the warmer weather, sit back and relax at the beautiful pool. Whether you're looking for your next home or simply a lifestyle with less maintenance, this condo offers comfort, convenience, and easy living. Spend more time enjoying lie and less time on monotonous outside upkeep. This property has a new Water Heater, professionally cleaned, and has been freshly painted in the Great Room. It is truly move in ready and is only waiting for you to come take a look!

6239 Amber Creek Lane, Indianapolis

Listing courtesy of Berkshire Hathaway Home.

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