Indianapolis Homes under $400,000

Indianapolis Homes under $400,000

Welcome to Indianapolis, the heart of Indiana, where vibrant culture meets Midwestern charm! Known for its rich history, diverse neighborhoods, and an unbeatable sports scene, Indianapolis offers residents an exceptional quality of life. Whether you're a first-time homebuyer, looking to downsize, or seeking a family-friendly community, this dynamic city has something for everyone.

One of the most appealing aspects of Indianapolis is its affordability. With a variety of homes available for under $400,000, you can find your dream residence without breaking the bank. From charming bungalows in historic districts to modern townhomes in up-and-coming areas, the options are plentiful. Many neighborhoods, such as Broad Ripple and Fountain Square, boast unique character and vibrant local businesses, making them perfect for those who appreciate a lively community atmosphere.

Indianapolis is also home to top-notch amenities, including renowned museums, beautiful parks, and a thriving culinary scene. The city's extensive green spaces, like the iconic White River State Park, provide ample opportunities for outdoor activities, while the Indianapolis Motor Speedway draws racing enthusiasts from around the globe.

With a strong sense of community and a low cost of living, Indianapolis is an ideal place to call home. Explore the diverse neighborhoods and discover the perfect property that suits your lifestyle—all while enjoying the warmth and hospitality that this incredible city has to offer. Your new home in Indianapolis awaits!

Newest Indianapolis Homes under $400,000

10206 Lawnhaven Drive, Indianapolis
$194,900
4 Beds ⋅ 2 Baths
Looking for your next project? Check out this opportunity for investors and handy homeowners alike. With its classic colonial architectural style, this property serves as a blank canvas ready for a personalized transformation. The heart of the home centers around a kitchen designed with a functional peninsula, offering a versatile layout for meal preparation and informal dining. The residence includes a bathroom equipped with a walk-in shower, providing a modern convenience within the floor plan. Beyond the primary living spaces, the home features a dedicated laundry room and an attached garage for convenient vehicle storage and added utility. The four bedrooms and the additional half bathroom provide a flexible foundation, allowing you to maximize the potential of this substantial colonial structure.

10206 Lawnhaven Drive, Indianapolis

Listing courtesy of Randy Placencia. Red Bridge Real Estate
7632 E 37th Place, Indianapolis
$114,900
3 Beds ⋅ 1 Baths
Calling all investors! This 1-story home offers 3 bedrooms, 1 full bathroom, and approximately 972 sq ft of living space. The functional floor plan provides a great opportunity for updates and personal touches. A 1-car garage offers convenient parking and storage, while the spacious 8,712 sq ft lot provides plenty of outdoor space. Whether you're looking for your next project or an investment opportunity, this property has plenty of potential. Schedule your showing today!

7632 E 37th Place, Indianapolis

Listing courtesy of Adam Woodring. Mainstay Brokerage LLC
3943 Richelieu Road, Indianapolis
$132,000
3 Beds ⋅ 1 Baths
One level brick three-bedroom one bath with a little TLC will make this home the perfect first home or investment property. Take a look for yourself!

3943 Richelieu Road, Indianapolis

Listing courtesy of Eric Middleton. Middland Real Estate, LLC
3874 Burningbush Drive, Indianapolis
$179,900
3 Beds ⋅ 2 Baths
Welcome to this inviting 1-story home offering 3 bedrooms and a functional floor plan with comfortable living spaces throughout. The layout provides plenty of flexibility for everyday living, while the backyard offers additional outdoor space to relax or entertain. Located in the Lawrence Lakes community, this home offers plenty of potential to add your own personal touches. Schedule your showing today!

3874 Burningbush Drive, Indianapolis

Listing courtesy of Adam Woodring. Mainstay Brokerage LLC
1624 E 30th Street, Indianapolis
$84,900
2 Beds ⋅ 1 Baths
Discover the enduring charm of 1624 E 30th St in Indianapolis, IN. This single-family residence, constructed in 1910, offers 720 square feet of thoughtfully utilized living space. The interior of this home includes two bedrooms, each providing a private space for rest and rejuvenation. A single, well-proportioned full bathroom serves the household, offering essential utility and comfort. Situated on a 4,487-square-foot lot, the property provides exterior space that complements the one-story structure. Home will need some repairs for your future equity. Come and take a look!

1624 E 30th Street, Indianapolis

Listing courtesy of Kurt Clements. Diverse Property Solutions Ind
7608 Reflections Drive, Indianapolis
$170,000
2 Beds ⋅ 2 Baths
Welcome to 7608 Reflection Drive, less than 5 minutes from Rick's Cafe Boatyard and great access to the west side of Indy and most major highways! Built in 1990 this super cute, well-maintained ranch condo (with fresh paint throughout) offers 1049 square feet of architectural style and design and it's a first-floor unit! Enjoy two large bedrooms, two full bathrooms, a quaint eat-in kitchen & dining area, a convenient pantry closet and a separate laundry room with washer and dryer installed! Entertain while you cook, as the kitchen offers great access to the oversized family room. With two beds & two full baths, you get more flexibility, privacy and space to breathe. It's a charming, thoughtful design with your daily comfort in mind...right down to a relaxing patio out back and a nest of trees in view. You'll love making it home!

7608 Reflections Drive, Indianapolis

Listing courtesy of Tiffany Dearman. Real Results, Inc.
2163 Bradford Trace Boulevard, Indianapolis
$245,000
3 Beds ⋅ 2 Baths
Welcome home to this charming open-concept, split floorplan, 1-story home that brings a breath of fresh air to highly functional living space. Located in Bradford Trace of Warren Township, built in 1999, and maintained in great condition, this attractive residence is designed for those who appreciate a home that feels both established and full of life. The living room serves as the social heart of the house, where a wood-burning fireplace anchors the space beneath a dramatic vaulted ceiling. This high-ceiling design flows seamlessly into an open-plan kitchen, which is topped with sleek granite countertops. It is the kind of setup that makes hosting friends feel effortless, whether you are prepping snacks or just lounging by the fire. The Primary Bedroom functions as a private retreat, complete with its own ensuite bathroom and a walk-in closet for effortless organization. The primary bathroom adds convenience with a double vanity and an updated walk-in shower, providing a spa-like touch to your daily routine. Beyond the main living spaces, the property offers practical amenities to keep your life running smoothly, including a dedicated laundry room and an attached garage. Step outside to find a private, fully fenced backyard and a patio that invite you to spend your afternoons soaking up the sun or enjoying a quiet evening outdoors with a beautiful view of the tranquil neighborhood pond. Conveniently close to interstate access and plenty of shopping, dining and other local necessities. Your future starts here-reach out today to schedule your private tour and see how this delightful ranch fits your lifestyle. Seller is offering $2500 in concessions with an acceptable offer.

2163 Bradford Trace Boulevard, Indianapolis

Listing courtesy of Suzanne Drollinger. Hoosier, REALTORS®
8105 Red Barn Court, Indianapolis
$280,000
3 Beds ⋅ 2 Baths
Well-maintained 3 bedroom, 2 bath ranch with a split-bedroom floor plan. The vaulted great room centers on a cozy gas fireplace. The kitchen features updated stainless steel appliances, golden oak cabinets, a ceramic tile backsplash, and pull-out cabinetry for added efficiency. Out back, the fully fenced yard offers an 18' x 12' decorative concrete patio under a pergola. Upgrades that set this home apart: 2-year-old roof with dimensional shingles * Tankless water heater for endless hot water * Reverse osmosis water system * Hard-surface bathroom countertops * Heat-treated oak porch ceiling * Lighted linen closet in primary suite * Extra 220V garage outlet for heavy equipment * Furnace Whole House Humidifier

8105 Red Barn Court, Indianapolis

Listing courtesy of Michael Deane. F.C. Tucker Company
6144 S Irwin Street, Indianapolis
$249,000
3 Beds ⋅ 1 Baths
Looking for a home that is far from cookie cutter? Tucked into a quiet Franklin Township neighborhood with mature trees and no HOA, this charming 3-bedroom, 1-bath brick & limestone ranch could be exactly what you have been searching for. Inside, original hardwood floors add timeless character. The spacious eat-in kitchen features ceramic tile flooring, beautiful cabinetry, recessed lighting, and all appliances included. Outside, a large covered porch offers a welcoming spot for cookouts, family gatherings, or simply relaxing and enjoying the peaceful backyard. Additional highlights include a new roof installed in September 2026 and two outbuildings -- a mini barn to store your lawn equipment and an impressive 12x15 two-story storage barn (complete with a garage door, partial insulation, electricity, and its own 60-amp breaker box) to store all your recreational toys, sporting goods & seasonal items. Brand new awning for covered patio to be installed by mid-November. Enjoy the convenience of Indianapolis living while still savoring a peaceful, rural feel -- with a nearby pasture where chickens, turkeys, sheep & pigs roam. Turn-key and ready for its next owners, this charming home offers comfort, character, and ample storage inside and out. Schedule your tour today!

6144 S Irwin Street, Indianapolis

Listing courtesy of Jeannie Grant. Highgarden Real Estate
547 Dorman Street, Indianapolis
$385,000
3 Beds ⋅ 3 Baths
Renovated, move-in ready, and full of opportunity! Imagine enjoying the best of downtown Indy while coming home to a peaceful, tucked-away setting. Nestled on a cul-de-sac in the sought-after Cottage Home neighborhood, this exceptional property offers a rare blend of urban convenience and suburban tranquility. Just steps from local parks, eateries, shops, trails, and more, with Pogue's Run right outside your door, the location is hard to beat. Even more remarkable, nearly an acre of private land sits across the street, creating an uncommon sense of space and serenity in the heart of the city. Enjoy warmer days relaxing on the covered, wraparound front porch or entertaining on the back deck. When the temperatures drop, you'll appreciate the HUGE garage and all the possibilities it offers. Inside, the spacious kitchen flows seamlessly into the dining area, creating an inviting space to gather and entertain. The living room opens through patio doors to the back deck and fully fenced yard, blending indoor and outdoor living with ease. Upstairs, you'll find two primary suites and convenient second-floor laundry. The lower level offers a third bedroom, flex space, or home office to suit your needs, while the unfinished basement provides abundant storage and room for utilities. Updated, ideally located, peacefully tucked away, and offered at an appealing price point, this is a rare find in today's market. And there's even more to look forward to: plans for impressive new-construction homes next door add another exciting dimension to this unique opportunity. Don't miss your chance to enjoy the best of Cottage Home living!

547 Dorman Street, Indianapolis

Listing courtesy of Kristina Musielak. CENTURY 21 Scheetz
3128 Pawnee Court, Indianapolis
$174,900
3 Beds ⋅ 1 Baths
Welcome to this 1-story ranch offering 3 bedrooms, 1 full bathroom, and approximately 903 sq ft of living space. The functional floor plan includes comfortable living and dining areas with all bedrooms conveniently located on the main level. An attached 1-car garage provides additional parking and storage, while the fenced backyard offers plenty of outdoor space along with a storage shed. Situated on a cul-de-sac lot, this home offers great potential to add your own personal touches. Schedule your showing today!

3128 Pawnee Court, Indianapolis

Listing courtesy of Adam Woodring. Mainstay Brokerage LLC
416 N Forest Avenue, Indianapolis
$154,900
2 Beds ⋅ 2 Baths
Check out this 1913 updated charmer that meets modern ease. This delightful single-family residence offers 970 square feet of inviting, move-in-ready space that proves the best things often come in perfectly scaled packages. The heart of the home is an open-plan kitchen featuring a central island that seamlessly flows into the living area, creating an effortless environment for hosting friends or enjoying a quiet morning coffee. It is a space designed for those who value connectivity and smart, efficient living. When it is time to refresh, you will find two bathrooms at your disposal. One of these functional spaces is equipped with a walk-in shower, offering a streamlined start to your day. Beyond the interior, the home provides a porch-your private ticket to enjoying the outdoors-while the 3,485-square-foot lot ensures you have just enough space to call your own. With its single-story layout and welcoming atmosphere, this home invites you to stop dreaming and start packing. Reach out today to schedule your private tour and see how this charming residence fits perfectly into your lifestyle.

416 N Forest Avenue, Indianapolis

Listing courtesy of Kurt Clements. Diverse Property Solutions Ind
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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.


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