Most Affordable Homes for Sale in Indianapolis, IN Right Now
Last updated: July 14, 2025
Indianapolis has a median home sale price of $250K, a 2.0% decrease from last year. Homes stay on the market for an average of 40 days and receive an average of 1 offers.
About this home
Sale offering by Court Appointed Receiver. Opportunity to build your personal residence or investment property in the popular Springdale neighborhood of Indianapolis. Walkable to nearby bars, restaurants, and Brookside Park. The lot is 0.10 acres. Auction Date / Times Auction Starts: Bidding is Open Auction Ends: July 9, 2025 @ 2:00pm ET
About this home
Investor opportunity, needs a complete overhaul.
About this home
Great investment opportunity in Mars Hill! This 2-bedroom home requires a full renovation, including foundation and structural support. Sitting on a deep lot with nearby developments and easy access to downtown Indianapolis, it offers strong potential for future value.
About this home
Investors take note! Here is a rare opportunity to get your hands on a project with a lot of potential sweat equity. This home is a blank slate for your creative project located in a pocket of high values. A short walk to Downtown Indy, Fountain Square, local parks, and much more. High values in the area and many projects currently started. Seller financing is available.
About this home
Selling as-is. Building was damaged by a fire. Home requires extensive renovation.
About this home
Nice home located in a peaceful neighborhood, close to shopping, and dining, and just minutes from the interstate. Currently tenant-occupied with reliable, long-term tenants. Room sizes are approximate.
About this home
Excellent investment opportunity with this home to make it yours however you wish. This amazing opportunity is sold AS-IS.
About this home
FIXER UPPER! FIRE DAMAGE! Great opportunity to get a 3B/2B with strong ARV's in the up and coming Valley neighborhood. Right across the street from Elanco Global Headquarters and just short bike ride to Lucas Oil Stadium, Victory Field, and the Indianapolis Zoo. Plenty of rehabs and fixed up homes in this area. Check it out today!
About this home
Investor opportunity! This is one of the lowest priced homes on the near westside of Indianapolis! Some values are over $200k, leaving lots of room for sweat equity. It appears that it was a duplex converted into a 2 bedroom single family home. This property will need major renovations and priced for an as-is sale. Possible seller financing with as little as 10% down payment.
About this home
Attention investors! Great Opportunity! This home has more square feet than it would appear. Home is in Foreclosure/Receivership. All offers will require court approval so no weekend deadlines please. Home is being sold as is where is.
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