Indianapolis Homes under $500,000

Indianapolis Homes under $500,000

Welcome to Indianapolis, the vibrant heart of Indiana and a city that perfectly blends rich history with modern living! Known as the “Crossroads of America,” Indianapolis boasts a diverse culture, an array of recreational opportunities, and a robust economy, making it an ideal place to call home.

Nestled in Marion County, Indianapolis is renowned for its friendly neighborhoods, excellent schools, and a thriving arts scene. From the iconic Indianapolis Motor Speedway to the picturesque White River State Park, residents enjoy a wealth of outdoor activities and cultural experiences. The city’s downtown area is alive with energy, featuring a variety of restaurants, shops, and entertainment venues, ensuring there’s always something to do.

For those seeking a home in this dynamic city without breaking the bank, Indianapolis offers an impressive selection of properties priced under $500,000. Whether you're a first-time buyer, a growing family, or looking to downsize, you’ll find a range of charming homes that fit your needs. From cozy bungalows in historic districts to modern townhomes with all the latest amenities, the options are plentiful.

Investing in a home in Indianapolis means not only securing a beautiful place to live but also becoming part of a welcoming community. With its affordable housing market, you can enjoy a high quality of life, access to excellent healthcare, and a strong job market. Explore the possibilities today and discover why Indianapolis is the perfect place to put down roots!

Newest Indianapolis Homes under $500,000

2430 Northview Avenue
$500,000
5 Beds ⋅ 4 Baths ⋅ 46220 Zip Code
Welcome to 2430 Northview AVE, Indianapolis, IN, a sprightly single-family residence built in 2023. This attractive property, spanning 2796 square feet, is in great condition and ready to host your next grand adventure. Step into a kitchen that knows how to party! With a dazzling island perfect for whipping up culinary masterpieces or just gathering 'round for a chat, this space flows effortlessly into the living room. It's an open-plan dream where conversations never get cut off by a wall. The living room is where cozy evenings come to life, featuring a fireplace that practically begs for s'mores and storytelling. Imagine curling up with a good book or enjoying lively company in this inviting space. Prepare for pampering in the bathroom, where a double vanity means no more elbow wars over sink space, and a walk-in shower promises a refreshing start or end to your day. One of the five bedrooms is a true retreat, offering an ensuite bathroom for ultimate privacy and a walk-in closet spacious enough to house a fashionista's dream collection. Outside, your private yard beckons with an outdoor living space perfect for alfresco dining or simply soaking up the sunshine. Gather around the fire pit for starlit conversations, or simply relax on the patio or porch, enjoying the fresh air. And don't forget the laundry room, making chores a breeze so you have more time for fun! Ready to unwrap this delightful package and discover your new favorite place?

2430 Northview Avenue

Listing courtesy of Highgarden Real Estate.

2065 Oldfields Circle South Drive
$310,000
2 Beds ⋅ 3 Baths ⋅ 46228 Zip Code
Now is your chance to get into a sought-after, low-maintenance community near some of Indianapolis's best amenities. Surrounded by mature trees, this brick and cedar home has a warm, established feel. Inside, it offers more than 2,500 square feet. The two-story living room with its fireplace is the heart of the house, with the dining room and kitchen close by. The primary suite is on the main floor and has its own door out to the screened patio. Laundry and a half bath are also on the main level. Upstairs, a second bedroom and full bath sit alongside a loft and a sunroom. These spaces work well as an office, hobby room or guest space. Built-in bookshelves add a nice touch. The home sits on the largest lot in the subdivision, with a brick patio to enjoy the yard. An attached two-car garage adds parking and storage. Lawn care and snow removal are handled for you. Schedule a private showing to see it in person.

2065 Oldfields Circle South Drive

Listing courtesy of Patrick T. Devine.

4370 Grayson Drive
$349,900
5 Beds ⋅ 3 Baths ⋅ 46228 Zip Code
Make your next chapter happen in Wolfington on Kessler! Situated on nearly half an acre, this five-bedroom Cape Cod offers space to gather, unwind, and make your own. Inside, you'll find hardwood floors, stainless steel kitchen appliances, two full bathrooms, a half bath, and a finished basement that adds room for entertaining or everyday living. The backyard features a large concrete pool, mature trees, and a privacy fence. Enjoy a quiet morning on the screened porch, or spend the afternoon outdoors with the convenience of a separate changing room with its own full bathroom. Two chimneys, a wood-burning fireplace, and an iron wood stove add character. This home needs a little TLC and some remodeling, but the possibilities are exciting. Bring your vision and personal touches this could be a dream come true for one lucky buyer!

4370 Grayson Drive

Listing courtesy of Highgarden Real Estate.

5525 Floating Leaf Drive
$269,900
3 Beds ⋅ 2 Baths ⋅ 46237 Zip Code
At 5525 Floating Leaf DR in INDIANAPOLIS, IN, discover a single-family residence constructed in 2004, offering 2034 square feet of thoughtfully designed living space. This property presents an opportunity for comfortable living with a focus on practical elegance. Across two stories, this home provides a functional layout. The residence features three bedrooms, offering versatile spaces for rest and personalization. Accompanying these are one full bathroom and one half bathroom, providing convenience for residents and guests alike. Close to schools and shopping centers. **** New Floors, New Carpet, New Kitchen appliances****

5525 Floating Leaf Drive

Listing courtesy of Nagra Realty Inc.

9103 Cinnebar Drive
$160,000
2 Beds ⋅ 2 Baths ⋅ 46268 Zip Code
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

Listing courtesy of Compass Indiana, LLC.

349 W 29th Street
$179,000
3 Beds ⋅ 2 Baths ⋅ 46208 Zip Code
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

Listing courtesy of Diverse Property Solutions Ind.

717 E 44th Street
$315,000
3 Beds ⋅ 2 Baths ⋅ 46205 Zip Code
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

Listing courtesy of BluPrint Real Estate Group.

432 Chapel Hill West Drive
$239,995
3 Beds ⋅ 2 Baths ⋅ 46214 Zip Code
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

Listing courtesy of House Counsel Realty.

3351 Kenwood Avenue N
$120,000
4 Beds ⋅ 2 Baths ⋅ 46208 Zip Code
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

Listing courtesy of Trueblood Real Estate.

6750 E 52nd Street
$159,900
3 Beds ⋅ 2 Baths ⋅ 46226 Zip Code
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

Listing courtesy of Coldwell Banker - Kaiser.

8169 Whitaker Valley Boulevard
$230,000
3 Beds ⋅ 2 Baths ⋅ 46237 Zip Code
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

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

3839 Hoyt Avenue
$196,900
3 Beds ⋅ 2 Baths ⋅ 46203 Zip Code
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

Listing courtesy of My Agent.

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