Cheap homes for sale & real estate in Fayette, IA

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ABOUT THIS HOME
Cheap Home for sale in Fayette, IA:
Investment opportunity on approximately 1.78 acres. This 4-bedroom, 1-bath home was built in 1923 and is in poor condition, requiring extensive repairs and renovation. Unfinished basement. Due to the condition of the property, no interior access will be provided. Property is being sold as-is, where-is, with all information estimated and not guaranteed. Cash offers only. Auction property.

$39,400

4 beds1 bath1,800 sq ft

8321 L Ave, Fayette, IA 52142

1.78 acre lot • Built 1923 • Listed 112 days

ABOUT THIS HOME
Cheap Home for sale in Fayette, IA:
Check out this updated 3-bedroom home near UIU in Fayette, Iowa. This home has been recently updated and is move-in ready. It has a beautiful new kitchen complete with stainless steel appliances. There is a new remodeled 3/4 bathroom on the main floor. The seller has also replaced some windows and reshingled the roof in 2026. The lot is small and easy to maintain. The seller is offering a $3,000 flooring allowance or closing cost credit at closing as well. All this for under $100,000 is amazing. Make an appointment to take a private tour soon.

$99,900

3 beds1 bath1,088 sq ft

404 E Clark St, Fayette, IA 52142

Replaced windows • New kitchen • Remodeled bathroom

FLOOR PLAN

ABOUT THIS HOME
Cheap Home for sale in Fayette, IA:
Situated on a quiet dead-end street, this well-maintained split-level home offers space, updates, and a fantastic location all in one. Featuring 3 bedrooms plus a non-conforming 4th bedroom, this home provides plenty of flexibility for a guest room, office, or hobby space. Inside, you’ll love the two large living areas, including a spacious lower-level family room highlighted by a newer gas fireplace—perfect for cozy evenings or entertaining guests. Numerous updates have already been completed, including updated windows, an updated kitchen with newer appliances, refreshed bathroom, and mechanicals all less than 10 years old, offering peace of mind for years to come. Outside, enj

$212,000

3 beds1.5 baths1,912 sq ft

604 Colgrove Dr, Fayette, IA 52142

Newer gas fireplace • Updated windows • Newer appliances

ABOUT THIS HOME
Cheap Home for sale in Fayette, IA:
Located in the heart of Fayette, Iowa, this versatile investment property offers excellent rental income potential with the added flexibility to become a charming single-family home. Featuring 4 bedrooms and 2 bathrooms, the property is currently leased, providing steady income and an attractive opportunity for investors. Whether you choose to continue operating it as an income-producing rental or transform it into a comfortable family home, this property offers plenty of potential. With its convenient location, spacious layout, and flexible use, it’s an opportunity worth exploring for both investors and homeowners.

$160,000

4 beds2 baths2,712 sq ft

310 Volga St, Fayette, IA 52142

0.49 acre lot • Parking • Built 1961

ABOUT THIS HOME
Cheap Home for sale in Fayette, IA:
Prime land for sale. Apprx 26.34 acres. About 8 tillable acres and 18.5 acres of woods. Prime hunting land with numerous deer trails on the land as it borders the Volga River Recreation Area. Ideal property to build on or to own as an investment.

$250,000

Land26.34 acres (lot)

Hemlock And I Ave, Fayette, IA 52142

Hunting land • Deer trails

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ABOUT THIS HOME
Cheap Home for sale in Fayette, IA:
Charming and cozy 1923 home that's move in ready! This invititng property close to downtown amenities features 3 nice sized bedrooms upstairs, complete with spacious closets, plus a full bath on each level for added convenience. Nice sized dinning and living area make for family get togethers, or just relaxation. Full of character and warmth, this home is a wonderful place to call your own. Don't miss out on this cute, comfortable and affordable home in Oelwein.

$115,000

3 beds2 baths1,377 sq ft

512 4th Ave SE, Oelwein, IA 50662

7,150 sq ft lot • Garage • Built 1923

ABOUT THIS HOME
Cheap Home for sale in Fayette, IA:
A. 1.5 story that's been updated & ready for the next owners with the amazing updates & new floorplan. If you've dreamed of a big kitchen, this is for you.

$199,900

3 beds1 bath1,616 sq ft

206 3rd ST S.e. St, Oelwein, IA 50662

0.24 acre lot • Garage • Built 1941

ABOUT THIS HOME
Cheap Home for sale in Fayette, IA:
ATTRACTIVE! UPDATED HOME with SPACE TO LIVE, WORK and PLAY! -3 Bedrooms -1.75 Bathrooms -Main-Floor Laundry -Oversized Heated Garage Hobby Shop Come take a look and be pleasantly surprised! This attractive, move-in ready home offers a wonderful combination of modern updates, spacious living areas and unique features that make it perfect for a growing family or anyone who loves to entertain. Over the past few years, this home has undergone numerous updates and renovations, including new flooring, windows, furnace, water heater and roof! New carpet upstairs and on the staircase is coming soon, adding another fresh touch to this already inviting home. The kitchen made for cooking, baking and

$199,000

3 beds2 baths1,453 sq ft

232 5th Ave Ave SW, Oelwein, IA 50662

Open concept kitchen • Main floor laundry • Quiet neighborhood

ABOUT THIS HOME
Cheap Home for sale in Fayette, IA:
Welcome home to this clean, cheerful, and well-maintained 4-bedroom, 3-bathroom home located in the charming community of Elgin, Iowa! Built in 1951, this inviting home offers a functional floor plan with plenty of space and storage throughout. The main level features a spacious living room with a large picture window that fills the space with natural light, a kitchen with oak cabinetry, and two conveniently located bedrooms. Upstairs, the finished attic provides two additional bedrooms along with a generous landing area offering flexible space for a variety of uses. Additional highlights include replacement windows, central air, and ample storage throughout the home. Step outside and enjoy

$219,900

4 beds3 baths1,749 sq ft

614 Franklin St, Elgin, IA 52141

Finished attic • Backyard patio • Central air

FLOOR PLAN

ABOUT THIS HOME
Cheap Home for sale in Fayette, IA:
JUST LISTED! Charming 2 Story! Looking for a home with plenty of space, a great backyard, and a convenient location? This charming 3-bedroom, 1-bath two story home could be just what you've been waiting for! As you enter, you'll be welcomed by spacious living and dining rooms featuring laminate flooring, offering plenty of room for everyday living and entertaining. The large kitchen provides an abundance of cabinet and storage space, making it both functional and inviting. Enjoy relaxing on the front porch or spending time in the large, fenced-in backyard, perfect for outdoor gatherings, pets, or play! A one-stall detached garage adds extra convenience. Located in a wonderful neighborhood.

$95,000

3 beds1 bath1,149 sq ft

322 5th Ave Ave SE, Oelwein, IA 50662

Fenced in backyard • Walking bike trail • Large kitchen

ABOUT THIS HOME
Cheap Home for sale in Fayette, IA:
4 bedroom, 1 bath, large backyard and 3 stall garage has potential. Does need work to it, perfect Winter project. Might surprise you after it's been remodeled. City has the repair list. This house is spacious throughout with a formal dining room and bedrooms upstairs. Nice attraction are the hardwood floors and entrance leading to the upper level. Allow yourself to see the vision and potential along with a fair asking price. Call to schedule your showing. All offers are invited.

$29,900

4 beds1 bath1,600 sq ft

412 W Charles St, Oelwein, IA 50662

0.4 acre lot • Garage • Built 1905

Property at 536 8th St St SW, Oelwein, IA 50662, 3 beds, 2 baths

$219,000

3 beds2 baths2,144 sq ft

536 8th St St SW, Oelwein, IA 50662

Property at 107 NW 7 Ave, Oelwein, IA 50662, 3 beds, 1 bath

$45,000

3 beds1 bath1,484 sq ft

107 NW 7 Ave, Oelwein, IA 50662

Property at 229 SE 4th Ave, Oelwein, IA 50662, 3 beds, 1.5 baths

$45,000

3 beds1.5 baths1,344 sq ft

229 SE 4th Ave, Oelwein, IA 50662

Property at 15 NW 2nd St, Oelwein, IA 50662, 2 beds, 1 bath

$45,000

2 beds1 bath978 sq ft

15 NW 2nd St, Oelwein, IA 50662

Property at 11 NW 2nd St, Oelwein, IA 50662, 3 beds, 1 bath

$45,000

3 beds1 bath1,477 sq ft

11 NW 2nd St, Oelwein, IA 50662

Property at 141 NW 2nd Ave, Oelwein, IA 50662, 3 beds, 2 baths

$45,000

3 beds2 baths1,392 sq ft

141 NW 2nd Ave, Oelwein, IA 50662

Property at 319 NW 2nd Ave, Oelwein, IA 50662, 4 beds, 2 baths

$45,000

4 beds2 baths1,742 sq ft

319 NW 2nd Ave, Oelwein, IA 50662

Property at 111 1st St, Oelwein, IA 50662, 3 beds, 2 baths

$109,000

3 beds2 baths1,227 sq ft

111 1st St, Oelwein, IA 50662

Property at 110 5th Ave Ave SE, Oelwein, IA 50662, 4 beds, 1.5 baths

$99,500

4 beds1.5 baths1,688 sq ft

110 5th Ave Ave SE, Oelwein, IA 50662

Property at 215 6th St SW, Oelwein, IA 50662, 2 beds, 1 bath

$8,900

2 beds1 bath1,086 sq ft

215 6th St SW, Oelwein, IA 50662

Property at 908 SW 3rd Ave, Oelwein, IA 50662, 3 beds, 1 bath

$175,000

3 beds1 bath1,053 sq ft

908 SW 3rd Ave, Oelwein, IA 50662

— beds— baths— sq ft

Iowa Highway 93, Randalia, IA 52164

Land170.00 acres (lot)

14226 200th St, Fayette, IA 52142

Property at 602 NE 2nd Ave, Oelwein, IA 50662

$7,500

Land6,950 sq ft (lot)

602 NE 2nd Ave, Oelwein, IA 50662

Cheap Homes for Sale in Fayette

There are currently 5 cheap homes for sale in Fayette at a median listing price of $119K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Fayette stay on the market for 110 days. This map is refreshed with the newest listings in Fayette every 15 minutes.

In the past month, 1 home has been sold in Fayette. In addition to houses in Fayette, there were also 0 condos, 0 townhouses, and 1 multi-family unit for sale in Fayette last month. Find your dream home in Fayette using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Fayette are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Fayette. Our Fayette real estate stats and trends will give you more information about home buying and selling trends in Fayette. If you're looking to sell your home in the Fayette area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Fayette with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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