Pipe Creek Homes under $200,000

Pipe Creek Homes under $200,000

Welcome to Pipe Creek, Indiana – a hidden gem nestled in the heart of Madison County. Known for its picturesque landscapes and friendly community, Pipe Creek offers a serene escape from the hustle and bustle of city life while still providing easy access to nearby urban amenities. With its charming small-town vibe, residents enjoy a close-knit community where neighbors become friends and local businesses thrive.

One of the most appealing aspects of Pipe Creek is its affordability. For homebuyers seeking value, the area boasts a variety of homes priced under $200,000. Whether you’re a first-time buyer, a growing family, or looking to downsize, you’ll find a selection of charming properties that cater to diverse needs and lifestyles. From quaint single-family homes with sprawling yards to cozy bungalows perfect for starting anew, Pipe Creek has something for everyone.

The region is also rich in outdoor activities, with nearby parks and recreational areas for hiking, fishing, and enjoying nature. Families can take advantage of the excellent local schools and community events that foster a strong sense of belonging. With its combination of affordability, community spirit, and natural beauty, Pipe Creek is not just a place to live; it’s a place to call home.

Explore the possibilities of finding your dream home in this delightful Indiana community. With homes under $200,000, your ideal lifestyle awaits in Pipe Creek! Come experience the charm and warmth of this wonderful region today!

Newest Pipe Creek Homes under $200,000

1609 N D Street, Elwood
$154,900
3 Beds ⋅ 1 Baths
3 bed, 1 bath home in the heart of Elwood, IN. New LVP flooring throughout main living areas, new carpet in bedrooms. Fresh paint throughout. Home has updated kitchen and bath with mostly new fixtures. Brand new roof and HVAC make this a great starter home. Main level primary bedroom allows for accessibility for those not wanting to traverse stairs. Covered back patio to enjoy the outdoors. Come see today!

1609 N D Street, Elwood

Listing courtesy of Realty Wealth Advisors.

2115 S I Street, Elwood
$139,900
3 Beds ⋅ 3 Baths
Bring your vision to life in this home where the rehab work has already been started! The interior has been gutted and is ready for you to take it to the finish line. Improvements already completed but not limited to include new electrical, new plumbing, all new windows, and new drywall. The flexible layout could allow for a 3 or 4 bedroom home, depending on how you choose to finish the space. There is also plenty of flooring already measured and purchased that will remain with the property. A great opportunity for an investor, flipper, or buyer looking to complete a rehab with much of the initial work already underway!

2115 S I Street, Elwood

Listing courtesy of Highgarden Real Estate.

1636 S B Street, Elwood
$140,000
3 Beds ⋅ 1 Baths
Investment opportunity in Elwood! This tenant-occupied, single-story home offers 1,403 sq. ft. of living space with 3 bedrooms and 1 full bathroom. The home features an updated kitchen with shaker-style cabinetry, a dedicated laundry room, covered front porch, and storage shed. Currently leased, making this an attractive option for an investor looking for a property with a tenant already in place. Also a possibility for a future owner-occupant willing to purchase subject to the existing lease.

1636 S B Street, Elwood

Listing courtesy of Booker Realty.

308 S Washington Street, Frankton
$149,900
2 Beds ⋅ 1 Baths
This awesome 2 bedroom 1 bedroom home on the edge of Frankton on just under a half acre is a great find! The home features a large living area, kitchen, and dining area. The lot is located in a private setting with a view of a grassy field. The backyard has a nice chain link fence, There is a large 3 car garage with plenty of extra storage. Don't miss it?

308 S Washington Street, Frankton

Listing courtesy of Weightman Realty Group, LLC.

1914 S L Street, Elwood
$166,700
3 Beds ⋅ 1 Baths
Discover a revitalized piece of history at 1914 S L ST, Elwood, IN. Built in 1896, this 1504 square foot single-family residence has been completely remodeled, offering contemporary comforts within its classic bungalow charm. This home presents a unique opportunity to embrace a vibrant lifestyle in a thoughtfully updated setting. The recently updated kitchen provides a fresh and functional space for culinary endeavors and daily routines. Stainless steel appliances included. The single full bathroom is appointed with a double vanity, offering convenience and a touch of modern elegance for daily preparations. Wide screen television stays. Spanning 1.5 stories, this residence encompasses three comfortable bedrooms, providing ample private space. Property is located on two city lots. Home Warranty included. Immediate possession at closing. Immerse yourself in the exceptional blend of historic character and modern updates this Elwood residence offers; schedule your private viewing today.

1914 S L Street, Elwood

Listing courtesy of Bill Brogdon Realty.

2312 S B Street, Elwood
$159,900
3 Beds ⋅ 1 Baths
Welcome to this beautifully renovated 3-bedroom, 1-bath home offering comfortable single-level living. Completely updated within the last year, this home features a spacious kitchen with plenty of room for cooking and gathering, updated finishes throughout, and a fresh, move-in-ready interior. The functional floor plan offers three nicely sized bedrooms and a full bathroom, making the home a great fit for a variety of buyers. Enjoy the charm of an established home with the benefit of recent renovations and modern updates. Conveniently located in Elwood and ready for its new owner! Tenant occupied until 10/31/2026.

2312 S B Street, Elwood

Listing courtesy of Peter Khosla, Inc.

119 N 10th Street, Elwood
$43,500
3 Beds ⋅ 2 Baths
This 3-bedroom, 1.5-bathroom home offers 1,448 square feet of living space and features a fully fenced backyard with a privacy fence, plus two storage sheds for additional storage or workspace. Whether you're looking to add to your rental portfolio or searching for your next renovation project, this property offers plenty of potential. Don't miss the chance to invest in a home with solid features and room to add value.

119 N 10th Street, Elwood

Listing courtesy of Greenside Realty Group.

113 N 21st Street, Elwood
$64,900
2 Beds ⋅ 1 Baths
Investor Alert!! Great Area. Solid Bones. This 2 bed 1 bath could easily be made into a 3 bed 1 bath. Nice one car garage. Either for a fixer upper, flip, or a rental. This could be a great oppurtunity for someone to add value and build something for themselves.

113 N 21st Street, Elwood

Listing courtesy of Greenside Realty Group.

1522 Wilkie Court, Elwood
$130,000
3 Beds ⋅ 1 Baths
With a little TLC, this 1958 ranch-style home at 1522 Wilkie Court offers 925 square feet of living space on a quiet cul-de-sac, complete with an attached garage. The home features three bedrooms and one recently updated bathroom, along with an eat-in kitchen that includes a large pantry and appliances. A picture window overlooks the spacious backyard, creating a bright and welcoming view from inside. The privacy-fenced yard includes a large deck, making it a great space for family gatherings or outdoor entertainment. The roof was replaced two years ago, adding practical value and peace of mind. This home is ready for its next chapter, so schedule your private showing today. Sold as-is, with possession available at closing.

1522 Wilkie Court, Elwood

Listing courtesy of Keller Williams Indy Metro NE.

214 S 10th Street, Elwood
$139,900
3 Beds ⋅ 1 Baths
Welcome to this beautifully remodeled 3 bed/1 bath home offering modern updates and move-in ready convenience! Recent improvements include updated flooring, fresh paint, new HVAC, remodeled bathroom, and updated light fixtures throughout. This home offers a functional layout, refreshed finishes, a separate laundry room space(not pictured), and an inviting atmosphere perfect for homeowners or investors alike. Conveniently located in Elwood and ready for its new owner.

214 S 10th Street, Elwood

Listing courtesy of The Wyman Group.

2826 N B Street, Elwood
$154,900
3 Beds ⋅ 1 Baths
Welcome home to this updated 3-bedroom, 1-bath home offering 1,236 square feet of comfortable living space in a quiet neighborhood. Much of the home has been updated and remodeled within the last five years, including updates to the HVAC, electrical, and plumbing. Inside, you'll find beautiful vinyl plank flooring throughout the majority of the home, with a spacious dining room situated at the heart of the home. The kitchen features a dedicated coffee bar, adding both charm and functionality. Outside, enjoy your morning coffee on the cozy covered front porch or relax and entertain on the rear deck overlooking the backyard. A detached 2-car garage provides plenty of space for parking, storage, or hobbies. A move-in ready home with plenty to offer!

2826 N B Street, Elwood

Listing courtesy of Greenside Realty Group.

210 S 27th Street, Elwood
$184,000
3 Beds ⋅ 1 Baths
This 3-bedroom, 1-bath home offers comfortable living with updates completed in 2024. The property features a large carpenter's garage with a bonus room, offering plenty of space for a workshop, hobbies, storage, home office, or additional flexible space. Enjoy the privacy of the fenced backyard, perfect for relaxing, entertaining, or letting the kids and pets play. With its practical layout, recent updates, and impressive garage space, this home is a great opportunity for a homeowner looking for functionality and value.

210 S 27th Street, Elwood

Listing courtesy of RE/MAX Real Estate Solutions.

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