Indianapolis Homes under $200,000

Indianapolis Homes under $200,000

Welcome to Indianapolis, the vibrant heart of Indiana, where urban sophistication meets Midwestern charm. As the state capital and one of the fastest-growing cities in the Midwest, Indianapolis boasts a rich tapestry of culture, history, and community spirit. Known for its renowned sports teams, including the Indianapolis Colts and the famous Indy 500, the city offers a dynamic lifestyle filled with exciting events, beautiful parks, and a thriving arts scene.

For those seeking affordable housing options, Indianapolis stands out as a fantastic choice. The city is home to a variety of charming neighborhoods, each with its unique character and appeal. Notably, you can find an impressive selection of homes priced under $200,000, making it an ideal market for first-time homebuyers, young families, or anyone looking to invest in real estate without breaking the bank.

From cozy bungalows in the historic neighborhoods of Irvington and Fountain Square to modern townhomes in the up-and-coming areas of Broad Ripple, there’s something for everyone. These homes often feature spacious layouts, beautiful yards, and easy access to local amenities such as schools, shopping, dining, and public transportation.

Living in Indianapolis means enjoying a vibrant community with a low cost of living, making it easier to balance work and leisure. Whether you're drawn to the city's rich history, diverse culture, or affordable housing options, Indianapolis is a place where you can truly feel at home. Explore the possibilities today and discover your dream home in this dynamic city!

Newest Indianapolis Homes under $200,000

802 N Oakland Avenue, Indianapolis
$179,900
2 Beds ⋅ 1 Baths
New roof, HVAC, exterior doors, and electrical service on this renovated home. 2 bedrooms on the main level, plus a bonus room upstairs with a new ductless mini-split that could you be used as a 3rd bedroom or a game room. The new kitchen features Quartz tops, a tile backsplash, and stainless steel appliances. While the bathroom is fully updated, offering a tiled tub surround. New flooring, lighting, outlets, light switches, recessed lighting, and mini blinds included. The unfinished basement is great for extra storage.

802 N Oakland Avenue, Indianapolis

Listing courtesy of F.C. Tucker Company.

439 S Dearborn Street, Indianapolis
$169,900
3 Beds ⋅ 2 Baths
Welcome to 439 S Dearborn St! This 3-bedroom, 2-bath home has been completely transformed since its previous sale, offering a refreshed and inviting interior while maintaining the character of this classic Indianapolis bungalow. The home features new electrical, updated finishes, and a functional single-level layout with an additional bonus room perfect for a home office, playroom, or flex space. You'll also find convenient main-level laundry and an unfinished basement offering additional storage and possibilities. Outside, enjoy the covered patio and a convenient location near Downtown Indianapolis with easy access to shopping, dining, and major highways. Schedule your showing today!

439 S Dearborn Street, Indianapolis

Listing courtesy of BluPrint Real Estate Group.

2161 N Dequincy Street, Indianapolis
$99,000
3 Beds ⋅ 1 Baths
Home is being sold as is and is in need of repair. Room sizes are estimates. Seller is also selling 2 other properties. Listing ID 22129510

2161 N Dequincy Street, Indianapolis

Listing courtesy of Wilmoth Group.

3511 E 10th Street, Indianapolis
$44,000
If you are looking for a value add opportunity this could be the property for you! This duplex is in need of some work but it is priced accordingly. Home is being sold as - is. This property is available as a package with listing 22129518

3511 E 10th Street, Indianapolis

Listing courtesy of Wilmoth Group.

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.

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