Indianapolis Homes under $200,000

Indianapolis Homes under $200,000

Welcome to Indianapolis, the vibrant heart of Indiana, where urban charm meets Midwestern hospitality. Known for its rich history, diverse culture, and thriving economy, Indianapolis is not just a place to live; it’s a community where you can truly thrive. Home to the famous Indianapolis Motor Speedway, the city boasts a unique blend of sporting events, arts, and culinary delights that cater to every taste.

Located in Marion County, Indianapolis offers an array of neighborhoods, each with its own distinct character. From the bustling downtown area, filled with trendy shops and restaurants, to the serene suburbs that provide a peaceful retreat, there’s something for everyone in this dynamic city.

For those looking to make a smart investment in their future, Indianapolis is an excellent choice, especially with homes available for under $200,000. This affordability allows first-time buyers, young families, and investors to enter the real estate market without breaking the bank. With a variety of options ranging from charming bungalows to cozy townhomes, you can find a property that suits your lifestyle and budget.

Imagine coming home to a quaint neighborhood with tree-lined streets, where you can enjoy the local parks, community events, and friendly neighbors. In Indianapolis, not only do you get a place to call home, but you also gain access to a rich tapestry of experiences that make life truly fulfilling. Explore the possibilities today, and discover why Indianapolis is the perfect place to plant your roots!

Newest Indianapolis Homes under $200,000

2708 Belmar Avenue, Indianapolis
$185,000
3 Beds ⋅ 1 Baths
A HOME WITH THE UPDATES ALREADY DONE! This well-maintained 3-bedroom brick ranch has been refreshed from top to bottom with new luxury plank flooring and light fixtures throughout, an updated kitchen featuring durable ceramic tile flooring, and a completely remodeled bathroom in 2026. Outside, enjoy the peace of mind of a 2023 roof and gutters, plus a new 2026 deck and storage shed, enclosed patio, and fully fenced backyard-all with NO HOA!

2708 Belmar Avenue, Indianapolis

Listing courtesy of United Real Estate Indpls.

307 Burgess Avenue, Indianapolis
$199,900
5 Beds ⋅ 2 Baths
Amazing opportunity with this enormous Irvington fixer-upper. Formerly a triplex, this property has space for your imagination to run wild. Multiple kitchens and baths. Detached building provides options for additional storage or parking. Needs work, but priced accordingly.

307 Burgess Avenue, Indianapolis

Listing courtesy of Realty Wealth Advisors.

8102 Brookmont Court, Indianapolis
$195,000
3 Beds ⋅ 2 Baths
Freshly painted throughout, this spacious 3-bedroom, 2-full-bath condo in Hidden Creek offers 1,442 square feet of inviting living space. Built in 1994, the home features vaulted ceilings throughout, abundant natural light, an open kitchen, and a fireplace that adds warmth to the living area. Enjoy convenient parking with a spacious private garage (#125), complete with a garage door opener, plus a dedicated parking space (#174) right outside the front door. An additional storage unit in the building and ample storage space in the garage provide room for seasonal items and more. All appliances are included-even the washer and dryer! Hidden Creek Association amenities include a clubhouse, fitness room, pool, and tennis courts. With its spacious layout, fresh interior, and community amenities, this condo offers a wonderful combination of comfort, convenience, and value.

8102 Brookmont Court, Indianapolis

Listing courtesy of New Quantum Realty Group.

1124 N Sheffield Avenue, Indianapolis
$115,000
2 Beds ⋅ 1 Baths
Discover a charming piece of Indianapolis history at 1124 N Sheffield AVE, a single-family residence built in 1920. This 1,040-square-foot home offers a unique opportunity to embrace a timeless lifestyle. Enclosed porch feature great for morning coffee or afternoon tea time. With two comfortable bedrooms and original hardwood floors, this home provides versatile living arrangements. The single full bathroom is thoughtfully designed for everyday convenience. This single-story residence sits on a generous 5532-square-foot lot, offering ample outdoor space for your personal vision. Embrace the opportunity to create your ideal living experience in this distinctive property; schedule your private viewing today. Windows and Siding within the last 4-5 years Across from popular Allegiant Preparatory Academy! Property sold as-is; please attach As-Is Addendum with all offers!

1124 N Sheffield Avenue, Indianapolis

Listing courtesy of B & K Realty, Inc.

4863 N Katherine Drive, Indianapolis
$185,000
3 Beds ⋅ 2 Baths
** Seller willing to contribute towards Buyers closing costs!** Welcome home to this beautifully updated 3-bedroom, 1.5-bath home offering a fresh, move-in-ready feel throughout. Thoughtful improvements make this property a great option for a first-time buyer, downsizer, or anyone looking for a home where much of the updating has already been done. Inside, you'll find fresh paint, new flooring, and updated kitchen cabinetry that give the home a clean and refreshed look. The bathrooms have also been improved with a new vanity, adding to the modern feel of the space. Major updates include a new AC/HVAC system and a new garage door, offering added peace of mind for the next owner. ** To make the opportunity even better, the seller is offering $2,000 toward the buyer's closing costs! ** With its manageable layout, numerous updates, and valuable seller incentive, this home is ready for its next chapter. Schedule your showing and come see everything it has to offer!

4863 N Katherine Drive, Indianapolis

Listing courtesy of 1 Percent Lists Indiana Real Estate.

1419 Leonard Street, Indianapolis
$135,000
3 Beds ⋅ 1 Baths
Incredible investment opportunity or DIY project loaded with classic character! This 3-bedroom, 1-bathroom home is being sold as-is and offers incredible potential for a buy-and-hold rental property, value add flip, or custom primary residence.

1419 Leonard Street, Indianapolis

Listing courtesy of FS Houses LLC.

5736 Blackley Lane, Indianapolis
$195,000
3 Beds ⋅ 2 Baths
Welcome home to 5736 Blackley Lane! This charming 3 bed 2 bath ranch is the perfect blank canvas, ready for its new owner to bring their creative vision to life. Nestled in the Liberty Village neighborhood of Pike Township, this inviting abode offers 1,116 sqft of living space with a bright, functional layout. The heart of the home, the living room, provides a welcoming atmosphere with cathedral ceilings, updated LVP flooring(2019), & a cozy fireplace perfect for those chilly Fall & Winter evenings. Two secondary bedrooms & a full hallway bathroom offer privacy & convenience for everyone. Your spacious primary suite includes dual closets & a full en-suite bath, with ample natural lighting & a half-vaulted ceiling, enhancing the sense of space and tranquility. A dedicated laundry & utility room attached to the 2-car garage keeps chores, mechanical units, and storage out of sight, designed for ease and convenience. The spacious, tree lined backyard & concrete patio complete the home, offering a serene place to relax or entertain guests. The addition of gutter guards & newer downspouts(2023), plus a newer garage door and roof, offers peace of mind when it comes to costly exterior items. Located minutes from Eagle Creek Park, Indianapolis Motor Speedway, and with easy access to I-465 & I-65, this gem perfectly balances affordability & prime location. Whether you're looking for your first home, your next investment property, or just looking for a change, with a little imagination & some TLC, this home is sure to check all of your boxes. Showings start 10/4

5736 Blackley Lane, Indianapolis

Listing courtesy of F.C. Tucker Company.

1530 Barth, Indianapolis
$194,900
3 Beds ⋅ 2 Baths
Investor opportunity you don't want to miss! This property is packed with potential and offers a great opportunity for an investor or buyer looking to create a home of their own. Featuring 3 bedrooms plus a bonus room, a spacious layout, and a basement with additional potential to be finished for even more usable space. A portion of the renovation has already been completed - now it's ready for the next owner to finish the remaining work and bring their vision to life. With charming architectural details, a covered front porch, plenty of space, and multiple opportunities to add value, this property has so much to offer. Whether you're looking for your next investment project or a home to customize and make your own .don't miss this opportunity!

1530 Barth, Indianapolis

Listing courtesy of Compass Indiana, LLC.

5539 Younkin Drive, Indianapolis
$149,900
3 Beds ⋅ 2 Baths
Welcome to 5539 Younkin DR, a charming condominium in Indianapolis, IN, USA. Built in 1999, this inviting home offers 1730 square feet of meticulously maintained living space, ready for immediate enjoyment. The ranch-style exterior opens into a living room with Vaulted Ceilings and designed for comfort and gathering and Opens to your Dining Room for your enjoyment which Opens into the Enclosed Family Room and a welcoming fireplace serves as a focal point for enjoyment. Awesome Glass Enclosed porch for outside enjoyment just off of the Family Room. This residence includes three thoughtfully appointed bedrooms and two full bathrooms, offering ample personal space and convenience. Further enhancing daily living, the property features a dedicated laundry room and a 2Car attached garage, providing practical solutions for storage and vehicle protection. Discover the effortless lifestyle awaiting you at this exceptional Indianapolis condominium. Senior Living at its Finest.

5539 Younkin Drive, Indianapolis

Listing courtesy of Hall & Russell Real Estate Group.

9103 Cinnebar Drive, Indianapolis
$160,000
2 Beds ⋅ 2 Baths
End-unit condo in North Willow Park offering a spacious two-story layout in Pike Township! A covered front porch welcomes you inside to a parquet entry and an open great room combining living and dining spaces beneath a vaulted ceiling. The impressive floor-to-ceiling brick wood-burning fireplace creates a striking focal point, while sliding doors off the dining area lead to a private patio. The kitchen features updated appliances, generous cabinetry, and convenient in-unit laundry, with a half bath completing the main level. Upstairs, an exceptionally spacious primary bedroom includes a large walk-in closet and direct access to the full dual-access bath, also accessible from the hallway for the second bedroom. An attached one-car garage with a new garage door adds everyday convenience. The HOA maintains the exterior and lawn and includes water and sewer, leaving more time to simply enjoy your home.

9103 Cinnebar Drive, Indianapolis

Listing courtesy of Compass Indiana, LLC.

349 W 29th Street, Indianapolis
$179,000
3 Beds ⋅ 2 Baths
Discover an inviting home at 349 W 29th ST, INDIANAPOLIS, IN, USA. Built in 1925, this 1579 square foot single-family residence is ready for you to move in, offering a comfortable and established living experience. The living room provides a welcoming atmosphere, centered around a classic fireplace, perfect for quiet evenings or lively gatherings. One of the well-appointed bathrooms features a convenient walk-in shower, blending functionality with modern comfort. This charming 1.5-story bungalow is further enhanced by an inviting porch, offering a pleasant space for relaxation. With 3 bedrooms and 2 full bathrooms, this property is designed for comfortable living. This home offers a unique opportunity to embrace a lifestyle of comfort and convenience; inquire today to experience it firsthand.

349 W 29th Street, Indianapolis

Listing courtesy of Diverse Property Solutions Ind.

3351 Kenwood Avenue N, Indianapolis
$120,000
4 Beds ⋅ 2 Baths
Renovation opportunity in Crown Hill! This 4-bedroom, 1.5-bath home offers approximately 1,904 finished SqFt across two stories, with a basement providing additional storage. The home offers room for updates and personal touches, with potential to finish the attic for additional living space. A detached 1-car garage offers an additional improvement opportunity. Nearby renovated sales suggest potential resale value in the low-to-mid $200s after remodeling, depending on the improvements and market conditions. Ideally located minutes from the $4.3B IU Health hospital complex, the Children's Museum, and the 16 Tech innovation district, with new mixed-use investment underway at 34th & Illinois. An opportunity for a renovation project, a potential rental investment or a buyer looking to update a home and build equity."

3351 Kenwood Avenue N, Indianapolis

Listing courtesy of Trueblood Real Estate.

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