Homes for sale under $400k in Indianapolis, IN

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ABOUT THIS HOME
Homes for sale under $400k in Indianapolis, IN
A one of a kind new build (from the ground up) is now available for your personal touch! Nestled in the heart of Butler-Tarkington, your next home is just blocks from Chilly Water/Hoagies and Hops, Butler University, and Newfields. Need coffee? Cafe Patachou, Hubbard and Cravens, Tinker, and Blue Mind are just 5-6 minutes away. You'll have flexible living arrangements with two en suite primary bedrooms, two more spacious bedrooms, an enormous loft, and an office. Create a play space, reading nook, gym, you name it. The backyard is massive, giving you plenty of outdoor space to entertain as well. Opportunities like this do not come often. Come see this one today!

$389,900

4 beds3.5 baths2,935 sq ft

440 W 40th St, Indianapolis, IN 46208

Enormous loft • New build • Massive backyard

ABOUT THIS HOME
Homes for sale under $400k in Indianapolis, IN
This beautifully remodeled home in the heart of Fountain Square features an open floor plan with white oak floors, a modern kitchen with black quartz counters and black stainless appliances, and a main-level bedroom with full bath. Upstairs offers a spacious primary suite with a downtown-view balcony and dual-head shower, plus a second ensuite bedroom. Fully fenced backyard and detached garage included-just minutes from downtown!

$389,900

3 beds3 baths2,267 sq ft

1547 Spann Ave, Indianapolis, IN 46203

Dual-head shower • Open floor plan • Modern kitchen

NEW CONSTRUCTION

ABOUT THIS HOME
Homes for sale under $400k in Indianapolis, IN
This unit is ready for immediate move-in! The Truxton floor plan townhome features a first-floor flex space ideal for a den or home office, plus a two-car garage. The second level unfolds into an open-concept living, dining, and chef's kitchen area, highlighted by a large island, powder bathroom, and balcony. The third floor is home to two bedrooms, including the owner's suite with a double-sink vanity, standing shower, and walk-in closet, alongside another bedroom with a full bath and a conveniently located laundry closet, offering a blend of comfort and functionality.

$389,900

2 beds2.5 baths1,688 sq ft

2149 College Ave, Indianapolis, IN 46202

Walk-in closet • Laundry closet • Standing shower

Listing provided by Zillow

3D WALKTHROUGH

ABOUT THIS HOME
Homes for sale under $400k in Indianapolis, IN
Welcome home to this beautifully updated ranch with a walkout basement, nestled in one of Washington Township's most desirable neighborhoods! This 4-bedroom, 3-bath home perfectly blends comfort, functionality, and style with modern updates throughout. Exterior has newly sealed driveway, new garage doors and many new windows. Step inside to an open and inviting floor plan featuring a renovated kitchen with sleek cabinetry, quartz countertops, stainless steel appliances. The family room is filled with natural light and flows seamlessly to the dining area, creating an easy layout for everyday living. The main level hosts three generous bedrooms, and a primary with fireplace and large closet.

$389,900

4 beds3 baths3,000 sq ft

4571 Devon Dr, Indianapolis, IN 46226

Walkout basement • Quartz countertops • Private backyard

$389,900

4 beds3 baths3,861 sq ft

909 E 38th St, Indianapolis, IN 46205

7,800 sq ft lot • Garage • Built 1920

Property at 1330 Marlowe Ave, Indianapolis, IN 46202, 3 beds, 2.5 baths

$389,000

3 beds2.5 baths4,347 sq ft

1330 Marlowe Ave, Indianapolis, IN 46202

Property at 2008 E Maryland St, Indianapolis, IN 46201, 4 beds, 3 baths

$389,000

4 beds3 baths1,892 sq ft

2008 E Maryland St, Indianapolis, IN 46201

Property at 7937 Castle Lake Rd, Indianapolis, IN 46256, 3 beds, 2 baths

$389,000

3 beds2 baths2,003 sq ft

7937 Castle Lake Rd, Indianapolis, IN 46256

Property at 4044 Boulevard Pl, Indianapolis, IN 46208, 4 beds, 16 baths

$389,000

4 beds16 baths12,000 sq ft

4044 Boulevard Pl, Indianapolis, IN 46208

Property at 7421 Big Bend Blvd, Camby, IN 46113, 5 beds, 3 baths

$388,900

5 beds3 baths2,600 sq ft

7421 Big Bend Blvd, Camby, IN 46113

Property at Curiosity Plan, Indianapolis, IN 46218, 3 beds, 3.5 baths

$388,000

3 beds3.5 baths2,246 sq ft

Curiosity Plan, Indianapolis, IN 46218

Listing provided by Zillow

Property at 9108 Steinbeck Ln, Indianapolis, IN 46239, 5 beds, 3 baths

$387,615

5 beds3 baths2,600 sq ft

9108 Steinbeck Ln, Indianapolis, IN 46239

Listing provided by Zillow

Property at 7222 Brompton Ct, Indianapolis, IN 46250, 4 beds, 2.5 baths

$385,900

4 beds2.5 baths2,479 sq ft

7222 Brompton Ct, Indianapolis, IN 46250

Property at 2147 Coretta Way, Indianapolis, IN 46202, 2 beds, 2.5 baths

$385,537

2 beds2.5 baths1,430 sq ft

2147 Coretta Way, Indianapolis, IN 46202

Listing provided by Zillow

Property at 727 N Illinois St #202, Indianapolis, IN 46204, 2 beds, 2.5 baths

$385,000

2 beds2.5 baths1,718 sq ft

727 N Illinois St #202, Indianapolis, IN 46204

Property at 8057 Meadow Bend Ln, Indianapolis, IN 46259, 4 beds, 2.5 baths

$385,000

4 beds2.5 baths2,872 sq ft

8057 Meadow Bend Ln, Indianapolis, IN 46259

Property at 7241 Wynter Way, Indianapolis, IN 46250, 4 beds, 2 baths

$385,000

4 beds2 baths2,762 sq ft

7241 Wynter Way, Indianapolis, IN 46250

Property at 430 N Keystone Ave, Indianapolis, IN 46201, 3 beds, 2.5 baths

$385,000

3 beds2.5 baths1,680 sq ft

430 N Keystone Ave, Indianapolis, IN 46201

Property at 11240 E Mcgregor Rd, Indianapolis, IN 46259, 4 beds, 2 baths

$385,000

4 beds2 baths2,128 sq ft

11240 E Mcgregor Rd, Indianapolis, IN 46259

Property at 1342 Barth Ave, Indianapolis, IN 46203, 5 beds, 2 baths

$385,000

5 beds2 baths2,935 sq ft

1342 Barth Ave, Indianapolis, IN 46203

Property at 10090 Eagle Eye Way, Indianapolis, IN 46234, 4 beds, 3 baths

$385,000

4 beds3 baths4,040 sq ft

10090 Eagle Eye Way, Indianapolis, IN 46234

Property at 5940 N Emerson Ave, Indianapolis, IN 46220, 4 beds, 2.5 baths

$385,000

4 beds2.5 baths3,912 sq ft

5940 N Emerson Ave, Indianapolis, IN 46220

Property at 2233 N Talbott St, Indianapolis, IN 46205, 3 beds, 2.5 baths

$385,000

3 beds2.5 baths3,026 sq ft

2233 N Talbott St, Indianapolis, IN 46205

Property at 533 Schmitt Rd, Indianapolis, IN 46239, 5 beds, 2.5 baths

$385,000

5 beds2.5 baths2,840 sq ft

533 Schmitt Rd, Indianapolis, IN 46239

Property at 6441 Hythe Rd, Indianapolis, IN 46220, 3 beds, 2 baths

$385,000

3 beds2 baths2,573 sq ft

6441 Hythe Rd, Indianapolis, IN 46220

Property at 655 Yosemite Dr, Indianapolis, IN 46217, 5 beds, 3 baths

$385,000

5 beds3 baths2,932 sq ft

655 Yosemite Dr, Indianapolis, IN 46217

Property at 8511 Walden Trace Dr, Indianapolis, IN 46278, 3 beds, 2.5 baths

$385,000

3 beds2.5 baths2,835 sq ft

8511 Walden Trace Dr, Indianapolis, IN 46278

Property at 7501 Firecrest Ln, Camby, IN 46113, 5 beds, 2.5 baths

$384,999

5 beds2.5 baths2,631 sq ft

7501 Firecrest Ln, Camby, IN 46113

Property at 9202 Sherwood Ln, Indianapolis, IN 46240, 4 beds, 2 baths

$384,999

4 beds2 baths2,796 sq ft

9202 Sherwood Ln, Indianapolis, IN 46240

Property at 10161 Bitternut Run Ln, Indianapolis, IN 46259, 4 beds, 2.5 baths

$384,990

4 beds2.5 baths2,489 sq ft

10161 Bitternut Run Ln, Indianapolis, IN 46259

Property at Henley Plan, Indianapolis, IN 46221, 5 beds, 3 baths

$384,900

5 beds3 baths2,600 sq ft

Henley Plan, Indianapolis, IN 46221

Listing provided by Zillow

Property at 7909 Magnolia St, New Palestine, IN 46163, 5 beds, 3 baths

$384,900

5 beds3 baths2,600 sq ft

7909 Magnolia St, New Palestine, IN 46163

Property at 3937 Teakmill Trl, Indianapolis, IN 46239, 4 beds, 2.5 baths

$384,410

4 beds2.5 baths2,802 sq ft

3937 Teakmill Trl, Indianapolis, IN 46239

Listing provided by Zillow

Property at 8814 Stoddard Ln, Indianapolis, IN 46217, 4 beds, 2.5 baths

$384,000

4 beds2.5 baths2,438 sq ft

8814 Stoddard Ln, Indianapolis, IN 46217

Property at 926 E 49th St, Indianapolis, IN 46205, 3 beds, 3 baths

$384,000

3 beds3 baths2,588 sq ft

926 E 49th St, Indianapolis, IN 46205

Property at 1607 Broad Ripple Ave, Indianapolis, IN 46220, 2 beds, 2 baths

$383,999

2 beds2 baths2,240 sq ft

1607 Broad Ripple Ave, Indianapolis, IN 46220

Property at 2137 Coretta Way, Indianapolis, IN 46202, 3 beds, 2.5 baths

$383,994

3 beds2.5 baths1,430 sq ft

2137 Coretta Way, Indianapolis, IN 46202

Listing provided by Zillow

Property at Simplicity 2868 Plan, Camby, IN 46113, 4 beds, 2.5 baths

$383,000

4 beds2.5 baths2,868 sq ft

Simplicity 2868 Plan, Camby, IN 46113

Listing provided by Zillow

Property at 9138 Steinbeck Ln, Indianapolis, IN 46239, 5 beds, 3 baths

$382,800

5 beds3 baths2,600 sq ft

9138 Steinbeck Ln, Indianapolis, IN 46239

Listing provided by Zillow

Property at 8751 Lafayette Rd, Indianapolis, IN 46278, 3 beds, 2 baths

$382,500

3 beds2 baths1,762 sq ft

8751 Lafayette Rd, Indianapolis, IN 46278

Property at 7445 Big Bend Blvd, Camby, IN 46113, 4 beds, 2.5 baths

$381,900

4 beds2.5 baths2,346 sq ft

7445 Big Bend Blvd, Camby, IN 46113

Listing provided by Zillow

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Based on information submitted to the MLS GRID as of Sun Nov 30 2025. All data is obtained from various sources and may not have been verified by broker or 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.

Homes for sale under $400k in Indianapolis

There are currently 2721 homes for sale under $400k in Indianapolis. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Indianapolis stay on the market for 55 days and receive 2 offers. Popular neighborhoods include Lanikai Beach, Fountain Square, Broad Ripple, Meridian Kessler, and Irvington. This map is refreshed with the newest listings in Indianapolis every 15 minutes.

In the past month, 1026 homes have been sold in Indianapolis. In addition to houses in Indianapolis, there were also 448 condos, 60 townhouses, and 225 multi-family units for sale in Indianapolis last month. Indianapolis is a minimally walkable city in Marion County with a Walk Score of 31. Indianapolis is home to approximately 819,398 people and 550,184 jobs. Find your dream home in Indianapolis 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 Indianapolis are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Indianapolis. Our Indianapolis real estate stats and trends will give you more information about home buying and selling trends in Indianapolis. If you're looking to sell your home in the Indianapolis area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Indianapolis with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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Homes for sale under $400k in Indianapolis, IN

Homes for sale under $400k in Indianapolis

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