Decatur Homes under $200,000

Decatur Homes under $200,000

Welcome to Decatur, a charming neighborhood nestled in the heart of Indianapolis, Indiana! Known for its rich sense of community and vibrant local culture, Decatur offers an inviting atmosphere that feels like home. With its picturesque tree-lined streets and friendly neighbors, this area is perfect for families, young professionals, and anyone looking to enjoy the best of suburban living while being just moments away from the bustling city.

One of the most appealing aspects of Decatur is its affordability. Homes in this delightful neighborhood can be found for under $200,000, making it an attractive option for first-time homebuyers or those looking to downsize without compromising on quality of life. With a variety of charming single-family homes, cozy bungalows, and even some modern townhouses, there’s something to suit every taste and budget.

Decatur is not just about affordable housing; it’s also about lifestyle. Residents enjoy easy access to a plethora of parks, recreational facilities, and local shops, fostering a strong sense of community. The area is well-connected to major highways, allowing for a convenient commute to downtown Indianapolis, where you can explore an array of dining, shopping, and entertainment options.

In Decatur, you’ll find more than just a house; you’ll discover a welcoming community that embraces you as one of its own. Whether you're looking to start your journey as a homeowner or seeking a peaceful retreat from the city's hustle and bustle, Decatur is the perfect place to call home. Come and see for yourself the charm and value this wonderful neighborhood has to offer!

Newest Decatur Homes under $200,000

5708 Milhouse Road, Indianapolis
$154,900
3 Beds ⋅ 2 Baths
Excellent investment opportunity with this home to make it yours however you wish. This amazing opportunity is sold AS-IS.

5708 Milhouse Road, Indianapolis

Listing courtesy of List With Ben, LLC.

6844 W Thompson Road, Indianapolis
$179,000
2 Beds ⋅ 1 Baths
Bring your vision to this solid brick home filled with original character and potential! Set on a beautiful, private lot surrounded by mature trees, this former rental offers an exciting opportunity for investors, flippers, or buyers looking to make a classic home their own. Original hardwood floors, built-in cabinetry, rich wood trim, and charming arched openings showcase the home's timeless craftsmanship. A brick fireplace adds character to the living room, while the spacious covered front porch offers a welcoming place to enjoy the peaceful setting. The detached garage provides additional space for parking, storage, or a workshop. With its distinctive architectural details and inviting outdoor surroundings, this property is an appealing canvas for your next project. Whether you're planning your next flip or creating a home that reflects your personal style, there's plenty of opportunity to bring a fresh vision to life while celebrating the character that makes this home special.

6844 W Thompson Road, Indianapolis

Listing courtesy of Highgarden Real Estate.

4125 S Gerrard Drive, Indianapolis
$200,000
2 Beds ⋅ 1 Baths
This cute ranch home could be yours. A great value with 2-lots and a detached garage! New paint, new flooring, and a brand new Furnace & A/C installed just last week. Spread-out in this big yard and large covered front porch. Great home in a great neighborhood.

4125 S Gerrard Drive, Indianapolis

Listing courtesy of F.C. Tucker Company.

4051 Standish Drive, Indianapolis
$130,000
3 Beds ⋅ 1 Baths
Welcome to this 3 bedroom, 1 bath home full of potential at 4051 Standish! A great opportunity for investors or buyers ready to add their personal touch. Functional layout, established neighborhood. Sold AS-IS; cash and rehab loans welcome.

4051 Standish Drive, Indianapolis

Listing courtesy of F.C. Tucker Company.

4214 Phoenix Drive, Indianapolis
$192,000
4 Beds ⋅ 1 Baths
4-bedroom, 1-bath home offering comfortable living space, a large fenced backyard, and plenty of potential. The 4th bedroom was created by reducing the size of the existing garage, leaving a smaller garage area with a garage door that may accommodate a small vehicle or provide additional storage. The property is currently tenant occupied, with tenants planning to vacate. The large fenced backyard offers plenty of space for outdoor activities, entertaining, or gardening. A great opportunity for a buyer or investor!

4214 Phoenix Drive, Indianapolis

Listing courtesy of Epique Inc.

3221 S McClure Street, Indianapolis
$130,000
2 Beds ⋅ 1 Baths
**Spacious bungalow with room to make it your own!** Offering 1,768 square feet of living space, this 1941 home features 2 bedrooms, 1 full bathroom, and a versatile 1.5-story layout with one bedroom on the main level and another upstairs. The upper level offers flexibility for a private bedroom, home office, or additional living space. Vinyl siding and windows add to the home's appeal, while the detached 2-car garage provides generous space for parking, storage, or a workshop. Whether you're looking for your next renovation project or an investment opportunity, this property offers plenty of potential. Bring your vision and explore the possibilities! **Property is being sold as-is.**

3221 S McClure Street, Indianapolis

Listing courtesy of Red Bridge Real Estate.

3026 S Lyons Avenue, Indianapolis
$144,900
2 Beds ⋅ 1 Baths
Like New Cozy 2 BR/1BA Home that sits on Two Lots - This Large Backyard gives you room to entertain, have a garden or for your pets! The home features New HVAC, New AC w anti-theft cage, New Chimney, New 50 gal Water Heater, New Kitchen Faucet, Freshly Painted, Sewer line inspected, repaired and cleaned, Attic Access enlarged & move to convenient location, windows wrapped in Aluminum, new gutters & downspouts, Security System and Custom Island added to Kitchen! This home is like new and ready for a new owner! Convenient Location and a Great Value! Mini Barn does NOT stay!

3026 S Lyons Avenue, Indianapolis

Listing courtesy of Landhawk Real Estate.

3333 S Mooresville Road, Indianapolis
$179,000
3 Beds ⋅ 1 Baths
Looking for the perfect opportunity to make a house a home? This one checks all the boxes. Start with a spacious interior (3 bedrooms and an oversized family/living room), great bones and an ideal location close to downtown Indy and you have the perfect canvas to get your creative minds to work. Add a fully fenced back yard, a separate storage shed and a 2-car garage and this one could be truly special! Recent updates to include: Roof and gutters (2021) / Furnace (2017) / Air Conditioner (2022) / Partial sewer line replacement / window (2022).

3333 S Mooresville Road, Indianapolis

Listing courtesy of F.C. Tucker Company.

3051 S Roena Street, Indianapolis
$85,000
1 Beds ⋅ 1 Baths
Welcome to this charming and affordable one-bedroom home located in the Mars Hill neighborhood on Indianapolis' southwest side. Whether you're a first-time buyer, looking to downsize, or searching for an investment property, this home offers a great combination of value and low-maintenance living. The interior has been freshly painted and features new flooring throughout, giving the home a clean, updated feel. Outside, you'll love the newly built covered front porch-a great spot to relax and enjoy the outdoors. A newer roof adds peace of mind, while the manageable corner lot makes exterior upkeep simple. With its recent improvements, affordable price point, and easy-to-maintain size, this property is ready for its next owner. Why rent when homeownership could be within reach? Schedule your showing and come see the possibilities this cozy Indianapolis home has to offer!

3051 S Roena Street, Indianapolis

Listing courtesy of A & B Homes.

4235 S Biltmore Avenue, Indianapolis
$149,900
2 Beds ⋅ 1 Baths
Great Opportunity! 2-bedroom, 1-bath home is ready for you to make it your own! Step inside to find original hardwood floors that add warmth and character, along with an updated bathroom and a spacious eat-in kitchen; Large Great Room; the oversized single-car garage provides plenty of room for parking, hobbies, projects, or extra storage. Outside, enjoy the large, shaded yard situated on a desirable corner lot. The convenient location makes commuting a breeze while keeping you close to shopping, the airport, and everyday amenities. Affordable, functional, and full of character-this little home truly is small in size but mighty in possibilities!

4235 S Biltmore Avenue, Indianapolis

Listing courtesy of Ebeyer Realty, LLC.

3557 Winings Avenue, Indianapolis
$155,000
3 Beds ⋅ 1 Baths
Well-maintained 3-bedroom, 1-bath ranch featuring a fully fenced backyard and convenient carport parking. Numerous updates provide peace of mind, including newer luxury vinyl plank flooring, a new 50-year roof (2026), water heater (2026), and furnace/A/C (2023). Additional improvements include updated flexible gas lines, Leaf Guard gutters, an asphalt driveway, Rhino Shield exterior coating, and a new chimney installed in 2012. The backyard offers plenty of storage with two storage sheds and ample space for outdoor enjoyment. Move-in ready with major mechanical and exterior updates already completed!

3557 Winings Avenue, Indianapolis

Listing courtesy of REMAX ONE.

3465 Carr Avenue, Indianapolis
$192,000
4 Beds ⋅ 1 Baths
Welcome home to 3465 Carr Ave. This property features a thoughtful, single-story layout designed for comfortable everyday living and effortless flow throughout. Step inside to a bright and welcoming living room that leads naturally into the heart of the home. One of the absolute standout features is the generous secondary family room, providing you with the perfect extra square footage for cozy movie nights, a dedicated playroom, or hosting family and friends. The layout includes a quiet primary bedroom alongside versatile additional bedrooms that easily adapt to your lifestyle, whether you need space for a growing household, host accommodations, or a private home office. The kitchen offers a functional footprint with easy access to all main living areas, making everyday meals and entertaining a breeze. Commuting is a breeze with easy access to I-65, putting you right down the street from downtown Indianapolis. Enjoy weekend trips to White River State Park, dinner along Mass Ave, or events at Lucas Oil Stadium-all just a short drive away.

3465 Carr Avenue, Indianapolis

Listing courtesy of Keller Williams Indy Metro NE.

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