Indianapolis Homes under $200,000

Indianapolis Homes under $200,000

Welcome to Indianapolis, the vibrant heart of Indiana, where tradition meets innovation! Nestled in Marion County, this dynamic city is renowned for its rich history, diverse culture, and a thriving economy. Indianapolis is not just famous for the Indianapolis 500; it also boasts a plethora of parks, museums, and a burgeoning culinary scene that caters to all tastes. With a population of over 800,000, it’s a city that embraces its residents with warmth and a sense of community.

For those seeking affordable housing options, Indianapolis offers an enticing array of homes under $200,000. Whether you’re a first-time homebuyer, a savvy investor, or looking to downsize, the city provides an impressive selection of charming properties that fit your budget. From cozy bungalows in historic neighborhoods to modern townhomes in up-and-coming areas, there’s something for everyone.

Living in Indianapolis means enjoying a balanced lifestyle, with easy access to major highways, a robust public transportation system, and a vibrant downtown filled with shops, restaurants, and entertainment venues. Families will appreciate the excellent schools and numerous parks that encourage outdoor activities, while young professionals will love the energetic nightlife and cultural events that the city has to offer.

Don’t miss the chance to explore the affordable housing options in this charming city. With its welcoming atmosphere and endless opportunities, Indianapolis is not just a place to live, but a place to thrive. Discover your dream home today in this captivating city!

Newest Indianapolis Homes under $200,000

1829 N Routiers Avenue, Indianapolis
$185,000
3 Beds ⋅ 2 Baths
Welcome to PEACEFUL LIVING! ON OVER HALF AN ACRE, the outside is where you'll spend all day. The BACKYARD is partially FENCED, with a NEWLY BUILT FIREPIT, MATURE TREES GALORE, and a STORAGE SHED!! If you love FAMILY GATHERINGS, playing VOLLEYBALL/SOCCER, or even GARDENING this is the BACKYARD FOR YOU! On the inside, TWO SPACIOUS LIVING ROOMS allow you to have SPACE for yourself and the kids! With a NEWER FRENCH DOOR FRIDGE along with VERY NICE CABINETS, you'll be baking all day long. 3 Bedrooms, with LAMINATE FLOORING, and 2 BATHROOMS is just right for your family. RECENT UPDATES includes: 4 YR old ROOF, 1 YR old AC, 6 YR old WATER HEATER, and BRAND NEW PLUMBING lines in the crawlspace!

1829 N Routiers Avenue, Indianapolis

Listing courtesy of Trueblood Real Estate.

3915 Arborcrest Drive, Indianapolis
$150,000
3 Beds ⋅ 1 Baths
Convenient East Side location! This 3BR, 1BA stone front ranch offers 2 living spaces, with formal living room and HUGE 23x19 family room at the rear of the home with direct access to the patio and backyard. Galley kitchen with appliances included, breakfast room between living room and family room, perfect for holiday entertaining. Laundry room with washer & dryer provided. Nice sized bedrooms with overhead lighting installed. Bathroom has been updated with ADA roll in shower stall. Nice sized backyard with storage shed. Cosmetics needed here, but so much potential. Lots of SQFT for the price!

3915 Arborcrest Drive, Indianapolis

Listing courtesy of Keller Williams Indy Metro Partners.

6058 Apache Drive, Indianapolis
$190,000
2 Beds ⋅ 3 Baths
Welcome to LOW MAINTENANCE LIVING at its FINEST! This beautiful condo is ready for its new owner. With 2 BEDROOMS, 3 BATHROOMS, and an ATTACHED GARAGE this is the place to be. As you walk in, the LARGE LIVING ROOM with PLENTY of NATURAL SUNLIGHT will LIGHT UP YOUR HOME. Just off the corner is the DINING ROOM for dinner meals with your family. The Kitchen has STAINLESS STEEL APPLIANCES, GORGEOUS TILED FLOORING, and a pantry for your goodies. Upstairs, the bedrooms are SPACIOUS! The master bedroom has a WALK IN CLOSET, that goes deeper than you think! Outside, the COVERED PORCH is perfect for morning COFFEE in this QUIET NEIGHBORHOOD.

6058 Apache Drive, Indianapolis

Listing courtesy of Trueblood Real Estate.

101 Kansas Street, Indianapolis
$150,000
1 Beds ⋅ 1 Baths
Location, Location, Location!! Situated steps from Kelly Park (recently renovated in 2022) in the heart of historic Old Southside and just minutes from Lucas Oil Stadium, Gainbridge Fieldhouse, vibrant Fountain Square and Downtown Indianapolis. This rapidly growing neighborhood is surrounded by stunning new builds, residential renovations, new apartment communities, and a brand new local hotel. Whether you're looking for the perfect starter home or a high-upside investment/rental opportunity, this updated and fully furnished home is completely move-in ready. Major mechanical and exterior updates include a 5-year-old central A/C with a security cage, keyless WiFi locks, and an exterior security camera. Inside, enjoy luxury vinyl plank (LVP) flooring throughout, along with updated lighting and ceiling fans. The refreshed kitchen features a subway tile backsplash, refinished concrete countertops, a pull-down sprayer faucet, and updated appliances. The bathroom & laundry area offers refinished tile, a new showerhead, washer & dryer, and accent feature walls. The bedroom shines with a custom slat wall feature and integrated nightstands with USB ports. Sold fully furnished, just bring your bags or start renting on day one!

101 Kansas Street, Indianapolis

Listing courtesy of F.C. Tucker Company.

5503 Vin Rose, Indianapolis
$179,000
2 Beds ⋅ 2 Baths
Tucked into the desirable Arbors community, 5503 Vin Rose Ln is a well-cared-for 2-bedroom, 2-bath condo that's ready for its next chapter. From the moment you step inside, it's clear this home has been loved and maintained, with the kind of pride of ownership that's hard to find. The two-bedroom, two-bath layout gives you flexibility to live the way you want: a private primary retreat, a second bedroom perfect for guests, a home office, or a hobby space, and two full baths that make everyday routines easy. Whether you're downsizing, buying your first home, this floor plan works really well! Step outside and enjoy the community pool or your private patio with no exterior upkeep, no yard cleaning, and no hassle. Condo living means more time for what matters. Live where the trails, the golf course, and the neighborhood pub are all minutes away. The Arbors sits in the heart of the Fort Ben area, right by Fort Harrison State Park, with 1,700 acres of hiking, biking, and horseback trails and the Pete Dye-designed Fort Golf Course. Grab a bite at Fort Ben Pub or La Hacienda, catch the Ben Farmers Market, or enjoy community events at the Fort Ben Cultural Campus. Downtown Indianapolis is about 15 minutes away. Move-in ready. Well maintained. Easy living. Other features include NEW carpet 2025, NEW kitchen flooring 2025, NEW water heater 2026, and a Frejie water conditioning system. Schedule your private showing today.

5503 Vin Rose, Indianapolis

Listing courtesy of F.C. Tucker Company.

5345 Moonlight Drive, Indianapolis
$200,000
3 Beds ⋅ 2 Baths
Welcome to 5345 Moonlight Drive! This brick ranch offers 3 bedrooms, 1 full bath, 1 half bath, and 11 total rooms with plenty of space to spread out. The main level features hardwood flooring, a spacious living room, kitchen, great room, and wood burning fireplace. The finished basement provides additional living space with a family room, great room, and bonus room. Outside, you'll find a fully fenced yard, mini barn, and 2 car garage on a spacious lot.

5345 Moonlight Drive, Indianapolis

Listing courtesy of F.C. Tucker Company.

6381 Village Oak Court, Indianapolis
$199,900
2 Beds ⋅ 2 Baths
For more information please reach out to the listing agent directly if you are not currently represented by an agent-READY TO SIMPLIFY WITHOUT SACRIFICING THE SPACE & FEATURES YOU LOVE? Tucked into a quiet CUL-DE-SAC in Oak Park Village, this 2-bedroom, 2-full-bath home offers easy ONE-LEVEL LIVING in a 55+ community with an exceptionally LARGE YARD for the neighborhood-Step inside to a bright great room where a vaulted ceiling creates an open feel & a gas fireplace provides a beautiful focal point-LVP flooring installed within the last year flows throughout the home-The kitchen offers real-wood cabinetry, pantry, abundant storage & stainless appliances with the exception of the dishwasher-One of the home's BEST surprises is the 4-SEASON SUNROOM, surrounded by windows & perfect for morning coffee, meals, reading or simply enjoying the view-The primary suite includes its own private bathroom with tiled walk-in shower, linen storage & a large closet-A 2nd bedroom & full bathroom provide flexibility for guests, hobbies or an office-Step outside to a 10x10 patio overlooking a LARGE, FLAT YARD that gives this home an outdoor-space advantage that's hard to find in the community-The attached 1-car garage offers impressive additional storage-A 2023 roof & 2025 heat pump add valuable recent improvements-Outside the neighborhood, enjoy convenient access to GEIST, shopping, dining & 1,700-acre FORT HARRISON STATE PARK with trails, fishing, Fall Creek, golf & year-round recreation-CUL-DE-SAC LIVING, ONE LEVEL, A 4-SEASON SUNROOM & ROOM TO BREATHE OUTSIDE-THIS ONE DESERVES A LOOK!

6381 Village Oak Court, Indianapolis

Listing courtesy of Keller Williams Indy Metro NE.

310 N Chester Avenue, Indianapolis
$190,000
3 Beds ⋅ 2 Baths
Welcome to this beautifully remodeled home, updated from top to bottom and ready for its next owner. The home features a new kitchen, two newly tiled bathrooms, and fresh floors and walls throughout. Built in 1916, this 2,192-square-foot home offers a comfortable mix of original character and modern updates. With three bedrooms and two full bathrooms, there is plenty of room to relax and make the space your own. Additional finished space on the upper level is great for a rec room, home office, or extra storage and closet space. The 1.5-story home sits on a large lot with lots of outdoor potential, plus a large shade tree that is perfect for backyard barbecues. Conveniently located near downtown Indy with easy access to the everyday amenities you need.

310 N Chester Avenue, Indianapolis

Listing courtesy of CENTURY 21 Scheetz.

5332 E 41st Street, Indianapolis
$129,500
3 Beds ⋅ 2 Baths
Looking for an opportunity to own a home in the Lawrence Township area while building equity? This inviting 3-bedroom, 1.5-bath ranch offers a great combination of comfortable living, and the opportunity to make improvements that add your own style while increasing the home's value. This investment opportunity is waiting for you! Step inside to find beautiful hardwood floors, The full basement provides valuable additional space, and plenty of possibilities for storage, recreation, or future finishing. Just off the main living area, a covered porch overlooks the generous backyard. Whether you're searching for a place to call home or an investment opportunity to buy in the area. Bring your ideas, add your personal touches, and turn this house into your next HOME!

5332 E 41st Street, Indianapolis

Listing courtesy of Polaris Realty Group.

3233 Ashland Avenue, Indianapolis
$150,000
3 Beds ⋅ 2 Baths
Wowzers! In the last 5 years this home has been given new; windows, HVAC system, roof and laminate flooring. Home features 3 bedrooms, 1 full bath, 1 half bath, and a large 2 car garage in the fully fenced backyard. Hookup for gas or electric oven/range. This home is tenant occupied and would make the perfect addition to your rental/investment portfolio.

3233 Ashland Avenue, Indianapolis

Listing courtesy of The Stewart Home Group.

1902 N Linwood Avenue, Indianapolis
$100,000
2 Beds ⋅ 1 Baths
Welcome home to 2 bedrooms and 1 full bath. This home has a large 2 car garage and is fully fenced. Hookups for either gas or electric oven/range are in place. This home is tenant occupied and would make a great addition to your rental/investment portfolio. Make it yours!

1902 N Linwood Avenue, Indianapolis

Listing courtesy of The Stewart Home Group.

1844 N Linwood Avenue, Indianapolis
$110,000
2 Beds ⋅ 1 Baths
Such a cutie! In the last 5 years this home has been given new; windows, HVAC system, and laminate flooring. Home features 2 bedrooms and 1 full bath while a carport and garage sit nicely in back. Hookup for gas or electric oven/range. This home is tenant occupied and would make the perfect addition to your rental/investment portfolio.

1844 N Linwood Avenue, Indianapolis

Listing courtesy of The Stewart Home Group.

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