Indianapolis Homes under $400,000

Indianapolis Homes under $400,000

Welcome to Indianapolis, Indiana—the vibrant heart of the Midwest! Known for its rich history, diverse culture, and a thriving community, Indianapolis offers a unique blend of urban excitement and suburban charm. Nestled in Marion County, this dynamic city is famous for its iconic landmarks, such as the Indianapolis Motor Speedway and the beautiful White River State Park, making it a perfect place for both adventure and relaxation.

For those looking to plant roots in this fantastic city, Indianapolis boasts an impressive selection of homes priced under $400,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, you’ll find a variety of options that cater to your lifestyle and budget. From charming bungalows in historic neighborhoods like Fountain Square to modern townhomes in the bustling downtown area, the choices are abundant.

Indianapolis is not just about affordable housing; it’s also about a robust community spirit. Residents enjoy access to excellent schools, diverse dining options, and a plethora of recreational activities. With an array of parks, local festivals, and cultural events throughout the year, there’s always something happening in this friendly city.

Embrace the opportunity to find your dream home in Indianapolis, where affordability meets a high quality of life. With homes under $400,000, you can enjoy the best of what this wonderful city has to offer, all while investing in a bright future for you and your family. Discover the charm of Indianapolis today!

Newest Indianapolis Homes under $400,000

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.

717 E 44th Street, Indianapolis
$315,000
3 Beds ⋅ 2 Baths
Step right up to 717 E 44th ST in INDIANAPOLIS, IN, USA! This charming 1921 single-family residence, spanning a delightful 1561 square feet, is in great condition and practically winks at you from the curb. It's not just a house; it's a personality waiting to be discovered. Whip up your culinary masterpieces in a kitchen that practically begs for a dinner party! Featuring sleek stainless steel appliances, sophisticated stone counters, and a peninsula perfect for casual breakfasts or impromptu dance-offs, this kitchen is ready for all your gastronomic adventures. Cozy up in the living room where an ornamental fireplace and built-in shelves are just begging for your favorite books and quirky knick-knacks. Imagine evenings spent curled up with a good read or hosting game nights with friends - this room is the heart of homey fun. With 3 bedrooms, 1 full bathroom, and a handy half bathroom spread across its 2 stories, this property offers plenty of space for living, laughing, and perhaps a little bit of playful mischief. The basement offer 780 square feet just waiting to be finished for added livining space. Outside, a private yard beckons for sun-soaked afternoons, a dedicated outdoor dining area promises al fresco feasts, and a charming patio is the perfect spot for sipping your morning coffee or evening mocktails. The detached 1-car garage is an added bonus. This attractive property is your ticket to a life filled with comfort and cheer. Don't just dream about it; come see why this delightful abode is the perfect backdrop for your next chapter!

717 E 44th Street, Indianapolis

Listing courtesy of BluPrint Real Estate Group.

432 Chapel Hill West Drive, Indianapolis
$239,995
3 Beds ⋅ 2 Baths
Updated 3-bedroom, 2-bath home on a quiet 0.30-acre cul-de-sac lot in the Chapel Hill community, Wayne Township schools. Inside, you'll find new luxury vinyl plank flooring, new carpet, and updated bathrooms, so it's ready for you to move in. The large lot gives you plenty of outdoor space for relaxing, gardening, or entertaining. There's also an attached 1-car garage for convenience and storage. The HOA is voluntary, so there are no mandatory fees. The dead-end street location is peaceful but still minutes from Ben Davis High School, I-465, and Avon shopping, including Costco, Target, and Walmart. Schedule your showing today!

432 Chapel Hill West Drive, Indianapolis

Listing courtesy of House Counsel Realty.

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.

6750 E 52nd Street, Indianapolis
$159,900
3 Beds ⋅ 2 Baths
Welcome to this well-maintained 3-bedroom, 1.5-bath ranch in the established Brookhaven neighborhood of Lawrence Township. Offering approximately 1,248 square feet of comfortable one-level living, this move-in-ready home features a functional floor plan with a welcoming living room, bright eat-in kitchen and dedicated laundry/utility area. Just off the kitchen, an impressive family/bonus room provides a generous second living space with plenty of flexibility for relaxing, entertaining, a recreation area or everyday gatherings. The home has been nicely cared for over the years and is ready to enjoy while still offering opportunities for a new owner to add their own personal style and updates. Outside, a large, covered carport provides convenient protected parking, while the fenced backyard offers plenty of room for entertaining, gardening and other outdoor activities. A good-sized storage shed provides additional space for lawn equipment and seasonal items. Conveniently located near Fort Harrison State Park and area amenities, with easy access to shopping, dining, Indianapolis, Fishers and major highways, this Brookhaven ranch is ready to welcome it's next owner.

6750 E 52nd Street, Indianapolis

Listing courtesy of Coldwell Banker - Kaiser.

8169 Whitaker Valley Boulevard, Indianapolis
$230,000
3 Beds ⋅ 2 Baths
Welcome to this inviting 3-bedroom, 2-bathroom single-family home in the Whitaker Valley neighborhood of Perry Township. Offering just over 1,300 square feet of living space, this home features a functional floor plan, comfortable living areas, and plenty of space both inside and out. Upon arrival, you'll appreciate the 2-car attached garage, concrete driveway, and welcoming front porch. Step inside to an open entry area that flows into the spacious living room, featuring soaring cathedral ceilings and an adjoining dining area that creates an open and inviting atmosphere. Just steps away, the kitchen offers ample cabinetry and counter space for meal preparation, bright white appliances, and a convenient pantry for additional storage. The kitchen also provides easy access to the garage and backyard. Down the hallway, the primary suite offers a walk-in closet, private full bathroom with a tub/shower combination, and convenient access to the backyard and deck. Two additional bedrooms & a full bathroom provide flexible space for family, guests, a home office, or other needs. Outside, enjoy the fully fenced backyard and large deck-perfect for entertaining, relaxing, or enjoying time outdoors. Conveniently located just minutes from St. Francis Hospital, the amenities along US 31, and Greenwood shopping and dining. Don't miss the opportunity to make this well-located Perry Township home your own!

8169 Whitaker Valley Boulevard, Indianapolis

Listing courtesy of T&H Realty Services, Inc..

3839 Hoyt Avenue, Indianapolis
$196,900
3 Beds ⋅ 2 Baths
Charming, kitchy, and full of character-this well-maintained 3-bedroom, 1.5-bath home is nestled in a quiet, established neighborhood and offers the perfect blend of comfort and versatility. Beautiful hardwood floors and an open-concept layout create a warm, inviting atmosphere with seamless flow between living spaces. The spacious, fully fenced backyard is ideal for entertaining, pets, or simply enjoying added privacy. An oversized 2-car garage provides ample storage and flexibility-perfect for a workshop, hobby space, or additional parking. An additional parking space is located next to the garage. The clean, solid basement offers excellent storage and potential for future use. With three bedrooms and a functional layout, this home is well-suited for both owner-occupants and savvy investors. Its setup makes it a strong candidate for furnished, mid-term, or short-term rental opportunities. A unique blend of charm, practicality, and income potential-don't miss your opportunity to own this versatile home!

3839 Hoyt Avenue, Indianapolis

Listing courtesy of My Agent.

9554 Oakley Drive, Indianapolis
$360,000
2 Beds ⋅ 4 Baths
WELCOME HOME!!! This gorgeous one owner property is just waiting for you! Multiple levels for your living enjoyment. The Main level has a formal dining room along with a breakfast nook for a more casual meal just off the warm and inviting kitchen. The kitchen is made ready for those holiday meals or entertaining with an induction cooktop and double oven. It boasts custom lighting over the bar area leading into the great room. Don't forget to take a look at the outside space for a morning cup of coffee or evening beverage to relax. The upstairs boasts a large primary bedroom with walk-in closet. Take a look at the custom additions to the closet. The second bedroom is currently being used as an office with its own full bathroom as well. The laundry room is upstairs for your convenience. Let's not forget about the lower level which is currently being used as a game room complete with a full bathroom. There are endless possibilities for the lower level. Bring your vision. Finally, LOCATION, LOCATION, LOCATION!!! Close to the interstate, dining both fine and casual and just minutes away from shopping. Don't let this one pass you by! Schedule your appointment today!

9554 Oakley Drive, Indianapolis

Listing courtesy of B.G. Realty Group, LLC.

8343 Codesa Way, Indianapolis
$254,900
2 Beds ⋅ 3 Baths
Start your morning with coffee on the balcony, enjoy natural light throughout the home, and make the versatile den your workspace, reading room, or creative retreat. When it's time to get out, nearby Traders Point shopping and restaurants-including Tegry Bistro, Luciana's, and Trader's Mill Grill & Bar-offer plenty of options for errands, dinner, and meeting friends. Spend more time enjoying life and less time maintaining your home! HOA services handle lawn care, grounds maintenance, and snow removal-even shoveling your front porch-making it easy to head out for the day or leave town without a long outdoor chore list. Enjoy hiking, nature watching, and time by the water at nearby Eagle Creek Park, or explore walking and biking opportunities along the Eagle Creek Trail. The Pike Branch Library adds another convenient neighborhood resource, while easy access to I-465 and I-65 keeps you connected to the rest of Indianapolis. A welcoming home base with fewer chores and more freedom to enjoy your surroundings!

8343 Codesa Way, Indianapolis

Listing courtesy of F.C. Tucker Company.

840 S Addison Street, Indianapolis
$60,000
Great investment opportunity to build on this ample lot in an upcoming area. A 2 car garage currently sits on this lot. All utilities are accesible.

840 S Addison Street, Indianapolis

Listing courtesy of AMR Real Estate LLC.

3724 Magenta Lane, Indianapolis
$170,000
2 Beds ⋅ 2 Baths
Enjoy easy condo living in a great location! This well-maintained 2-bedroom, 2-bath condo offers a spacious layout, comfortable living spaces, and a peaceful wooded setting. The large Great Room is the centerpiece of the home, featuring vaulted ceilings and an open design that provides plenty of room for both living and dining. A distinctive hanging light fixture defines the dining area while keeping the space open and inviting. The generously sized kitchen offers plenty of cabinet and counter space, making it both functional and welcoming for everyday living or entertaining. The Primary Bedroom provides a private retreat with its own ensuite bath, while the additional bedroom and full bath offer flexibility for guests, a home office, or other needs. Step outside onto the private balcony and enjoy your morning coffee or unwind at the end of the day while overlooking the wooded area. A convenient storage closet just off the balcony provides additional space for outdoor items and storage. Located near beautiful Eagle Creek and with easy access to downtown Indianapolis, this condo combines a peaceful setting with convenient access to shopping, dining, recreation, and the city. A wonderful opportunity for those looking for comfortable, low-maintenance living in a convenient location!

3724 Magenta Lane, Indianapolis

Listing courtesy of F.C. Tucker Company.

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