Lebanon Homes under $500,000

Lebanon Homes under $500,000

Welcome to Lebanon, Indiana—a charming city that perfectly blends small-town warmth with modern conveniences. Nestled in Boone County, Lebanon is a vibrant community that boasts a rich history, friendly neighbors, and a strong sense of belonging. With its picturesque parks, bustling downtown, and a variety of local shops and eateries, Lebanon offers a delightful atmosphere for families, professionals, and retirees alike.

One of the standout features of Lebanon is its accessibility. Located just a short drive from Indianapolis, residents enjoy the tranquility of suburban life while remaining close to the cultural and economic opportunities of the big city. The area's excellent schools, community events, and recreational activities make it an ideal place to raise a family or settle down.

For those seeking a new home, Lebanon offers a fantastic selection of properties under $500,000. Whether you're looking for a charming single-family home, a cozy townhome, or a spacious property with room to grow, you'll find a diverse range of options to suit your lifestyle. Many homes in this price range feature modern amenities, beautiful landscaping, and proximity to parks and schools, making them perfect for anyone looking to enjoy the best of what Lebanon has to offer.

With its welcoming community spirit, affordable housing options, and convenient location, Lebanon, Indiana, is more than just a place to live—it's a place to call home. Come explore the possibilities and discover why so many are choosing to make Lebanon their forever destination!

Newest Lebanon Homes under $500,000

1411 Morningside Drive
$374,999
3 Beds ⋅ 2 Baths ⋅ 46052 Zip Code
NEW ROOF, NEW WINDOWS & SLIDING DOORS, AND NEW FLOORING! Welcome to 1411 Morningside Dr in Lebanon, near Central Elementary School. This updated contemporary has vaulted ceilings, a stacked-stone gas fireplace, shiplap accents and clerestory windows that fill the main living area with natural light. The kitchen has gray shaker cabinets, granite countertops, a black herringbone tile backsplash, matte black hardware and stainless steel appliances, and it opens toward the living space. Fresh paint throughout, a convenient laundry area off the kitchen, and a bright flex space with a wall of windows add everyday function. New sliding doors open to the back patio and a landscaped yard with mature trees. Attached 2-car garage. Move-in ready, so schedule your showing today!

1411 Morningside Drive

Listing courtesy of eXp Realty, LLC.

1021 Lafayette Avenue
$209,000
2 Beds ⋅ 1 Baths ⋅ 46052 Zip Code
Adorable 2 Bdrm / 1 bath Lebanon home with convenient access to I-65 for commuters or LEAP projects. Home has original hardwood floors nearly throughout and newer windows in most areas. Large laundry / utility room with roomy storage area is a real bonus! Heated & cooled oversized 2 car garage has ceiling insulation and insulated garage door (new 2018); perfect for year round comfort and use for parking, a workshop, hobbies and more! Mini barns offer additional storage; freeing up space for better use of the garage area. Don't wait - This is a great starter home or investment property! Carport does not convey with property.

1021 Lafayette Avenue

Listing courtesy of F.C. Tucker Company.

310 Edgewood
$297,500
3 Beds ⋅ 2 Baths ⋅ 46052 Zip Code
Great Opportunity to be in a highly desirable and established neighborhood. This all brick ranch with 3 bedrooms, 2 baths, Living Room, Family Room w/fireplace, 3 season room and an eat in kitchen has been meticulously maintained and loved. Fully fenced back yard with beautiful landscaping; tons of perrineals; storage barn, grape arbor and more. 2 car attached garage with tons of storage. This is a quality home. Do not miss it !

310 Edgewood

Listing courtesy of Batts Real Estate Group.

502 Monarch Lane
$318,995
3 Beds ⋅ 3 Baths ⋅ 46052 Zip Code
Corbett Towns is a community of new townhomes coming soon to the peaceful city of Lebanon, IN. Corbett Towns is less than two miles east from the planned I-65 interchange at CR 300 North, giving residents a 20-mile commute to the beltway surrounding Indianapolis. From big box retailers, grocery stores and restaurants along SR 39 to local parks and a charming downtown, Lebanon provides ample opportunities for recreation and enjoyment. This two-story townhome-style duplex makes smart use of the available space. The open living area is on the first floor and includes a kitchen, family room and dining area with a covered patio attached. Upstairs are three bedrooms, including the owner's suite, as well as a versatile loft and laundry room. *Photos/Tour of model may show features not selected in home.

502 Monarch Lane

Listing courtesy of Compass Indiana, LLC.

441 Monarch Lane
$309,995
3 Beds ⋅ 3 Baths ⋅ 46052 Zip Code
Corbett Towns is a community of new townhomes coming soon to the peaceful city of Lebanon, IN. Corbett Towns is less than two miles east from the planned I-65 interchange at CR 300 North, giving residents a 20-mile commute to the beltway surrounding Indianapolis. From big box retailers, grocery stores and restaurants along SR 39 to local parks and a charming downtown, Lebanon provides ample opportunities for recreation and enjoyment. This two-story townhome-style duplex makes smart use of the available space. The open living area is on the first floor and includes a kitchen, family room and dining area with a covered patio attached. Upstairs are three bedrooms, including the owner's suite, as well as a versatile loft and laundry room. *Photos/Tour of model may show features not selected in home.

441 Monarch Lane

Listing courtesy of Compass Indiana, LLC.

2127 Manor Drive
$210,000
2 Beds ⋅ 1 Baths ⋅ 46052 Zip Code
Welcome home to this 2-bedroom, 1-full-bath ranch! This cozy home features a comfortable living room, an inviting eat-in kitchen, and convenient one-level living. All kitchen appliances stay with the home, along with the washer and dryer, making your move a little easier. The spacious primary bedroom offers a walk-in closet, while the second bedroom provides additional space for family, guests, or a home office. Step outside to enjoy the covered back patio and nice-sized backyard-perfect for relaxing, entertaining, or enjoying the outdoors. Conveniently located near I-65, shopping, restaurants, and other everyday amenities, this home offers comfort and convenience in a great location. Don't miss the opportunity to make this ranch your new home!

2127 Manor Drive

Listing courtesy of Highgarden Real Estate.

563 W 200 S
$394,500
3 Beds ⋅ 2 Baths ⋅ 46052 Zip Code
Enjoy peaceful country style living just minutes from town in this beautifully updated brick ranch situated on over an acre! From the moment you step inside, you will appreciate the gorgeous engineered hardwood floors and the warm, inviting feel throughout. The renovated kitchen features refaced cabinetry, granite countertops, tile backsplash, a shiplap focal wall and an island peninsula with a custom surround. The spacious great room is highlighted by a beautiful wood burning fireplace, creating the perfect gathering space. Both bathrooms have been beautifully updated, and the primary bedroom features new carpet. For added convenience, the laundry was relocated from the kitchen to the primary bedroom, making laundry day a breeze. Step outside and enjoy the 16x16 screened back porch, a wonderful extension of the living space and the perfect spot for relaxing or entertaining while overlooking the spacious property. Many important updates have already been completed, including a heat pump approximately 10 years old, a new refrigerator and dishwasher, a water heater new in 2021 and a roof replaced within the last 10 years. The crawlspace has been encapsulated and includes a sump pump and dehumidifier. The water system with UV lighting also stays with the home. The driveway was upgraded from gravel to blacktop, and a 24x24 concrete pad was added for additional usable space. Rubber mat flooring in the garage will remain. Beautifully maintained, thoughtfully updated and offering over an acre on the edge of town, this brick ranch provides the space, setting and improvements buyers are looking for!

563 W 200 S

Listing courtesy of eXp Realty, LLC.

621 W Superior Street
$199,900
2 Beds ⋅ 1 Baths ⋅ 46052 Zip Code
Welcome to this well-maintained 2-bedroom, 1-bath home in Lebanon, Indiana! Offering approximately 1,000 square feet of living space, this home features new carpet, a large bathroom, and a convenient 1-car garage. The property sits on a large lot with plenty of outdoor space. Whether you're a first-time homebuyer, downsizing, or looking for an investment opportunity, this home is ready for its next owner. Don't miss the opportunity to take a look!

621 W Superior Street

Listing courtesy of Wolfpack Realty.

1020 Green Valley Drive
$324,900
3 Beds ⋅ 2 Baths ⋅ 46052 Zip Code
Welcome home to this beautiful 2024-built home in the Lebanon Community School District! Offering 3 bedrooms, 2 full bathrooms, and a thoughtfully designed open floor plan, this home combines modern style with functionality and truly feels brand new. Step inside to a bright and inviting living space where the living room, dining area, and kitchen flow seamlessly together. Large windows provide abundant natural light, complemented by recessed lighting throughout. The spacious kitchen features a large center island, ample cabinetry, stainless steel appliances, a pantry, and plenty of room for entertaining. The back patio door is equipped with automatic blinds with a remote for added convenience and privacy. The home offers three spacious bedrooms, with walk-in closets providing excellent storage. Both full bathrooms offer generous space and modern finishes. A versatile bonus room adds even more flexibility and can be used as a home office, playroom, additional living space, or even a potential fourth bedroom. The ceiling fans located throughout the home also come with remotes. Outside, enjoy the covered patio overlooking a spacious yard-perfect for relaxing, entertaining, or enjoying your morning coffee. The beautifully maintained exterior and landscaping are enhanced by an underground sprinkler system. A 2-car garage with epoxy flooring provides additional convenience and functionality. With newer construction, modern finishes, abundant natural light, flexible living spaces, and a desirable school district, this home is move-in ready and waiting for its next owner!

1020 Green Valley Drive

Listing courtesy of Epique Inc.

1611 Ashley Drive
$293,500
3 Beds ⋅ 3 Baths ⋅ 46052 Zip Code
Discover this Boone County beauty in Hickory Meadows! Spanning over 2,000 square feet, this home hosts a fresh and inviting atmosphere. The heart of this home is its bright kitchen, featuring sleek stainless steel appliances and designed with an open-plan concept that seamlessly connects to the dining room. Journey upstairs to find the loft and two of the three comfortable bedrooms, each designed with practical living in mind. Additional features include a fully-fenced private back yard and a large open patio for outdoor enjoyment. This property presents an exceptional opportunity to embrace a refreshed lifestyle- stop by today.

1611 Ashley Drive

Listing courtesy of Keller Williams Indy Metro Partners.

2631 Sand Hollow Drive
$319,900
3 Beds ⋅ 2 Baths ⋅ 46052 Zip Code
Welcome to your beautiful, low-maintenance newer built home in Lebanon's Sunbrook Villas! Step inside to an open-concept layout featuring durable luxury vinyl plank flooring and elegant wainscoting that stretches into a spacious living room centered around a stylish feature wall. The chef's kitchen serves as an ideal gathering spot, boasting sleek quartz countertops, custom subway tile backsplash, a central island with breakfast bar seating, gas cooktop, stainless steel appliances, and a roomy walk-in pantry. The primary suite acts as a serene sanctuary, highlighted by a custom shiplap feature wall and an ensuite bath complete with ceramic tile flooring, a double vanity, a glass walk-in shower and a large walk-in closet. The split floor plan allows for the ultimate in privacy with two additional bedrooms and a full guest bath up front. Don't miss the nicely updated laundry room with cabinetry, shelving and a feature wall! Outside, enjoy an open patio overlooking a perfectly manicured fenced in lawn (that you don't have to mow!), complemented by an attached heated 2-car garage with decorative door accents and a tankless water heater for ultimate comfort and energy efficiency! Lastly, HOA handles lawn care and snow removal for stress-free living! Come see it today!

2631 Sand Hollow Drive

Listing courtesy of Keller Williams Indpls Metro N.

1125 Helena Drive
$295,000
4 Beds ⋅ 2 Baths ⋅ 46052 Zip Code
Welcome home to this spacious 4-bedroom, 2-bath ranch offering over 1,900 square feet of comfortable living space in Lebanon! Step inside to an inviting open-concept layout that provides plenty of room for everyday living and entertaining. The kitchen serves as the heart of the home with generous counter space, ample cabinetry, stainless steel appliances, and an oversized breakfast bar with seating that flows seamlessly into the dining and living areas. The home features a desirable primary bedroom with its own private full bath, along with three additional bedrooms that provide flexibility for family, guests, a home office, or hobby space. One of the standout features is the beautifully updated bathroom featuring a spacious walk-in tiled shower, dual-sink vanity, and modern finishes. The generously sized living area provides plenty of room to relax and gather, while the open floor plan creates an easy flow throughout the home. Outside, you'll find an impressive fully fenced backyard with tons of space for pets, play, gardening, entertaining, or creating your own outdoor oasis. Mature landscaping and a welcoming front exterior add to the home's curb appeal, while the attached garage provides additional convenience. With 4 bedrooms, 2 full baths, more than 1,900 square feet, an open-concept floor plan, private primary suite, updated finishes, and a huge fenced backyard, this Lebanon home offers the space and versatility buyers are looking for. Come see everything this home has to offer and imagine making it your own!

1125 Helena Drive

Listing courtesy of Richardson Realty Company, LLC.

Start Your Search

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative