Cheap homes for sale & real estate in Madison County, IN

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ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
This ranch-style home is full of character and ready for someone to make it their own. Built in 1892, this single-level home offers 878 square feet of living space with 2 bedrooms, 1 full bath, and a bonus room that could serve as an office, flex space, or possible third bedroom with its own exterior entrance. Featuring vinyl siding, original wood windows, and plenty of potential, this home is a great opportunity for a buyer looking for charm and flexibility.

$64,900

2 beds1 bath1,006 sq ft

1312 N D St, Elwood, IN 46036

Bonus room • Ranch style home • Exterior entrance

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Discover the charm of 2011 Rosewood AVE, a delightful single-family residence in Anderson, IN. Built in 1954, this 1268 square foot home sits on a generous 9855 square foot lot, offering a blend of classic design and spacious outdoor living. This single-story home provides three comfortable bedrooms, offering flexible living arrangements. A full bathroom serves the home, designed for everyday convenience. With its appealing features and prime location, this property presents an exceptional opportunity to create your ideal living space as the perfect starter home.

$187,900

3 beds1 bath1,268 sq ft

2011 Rosewood Ave, Anderson, IN 46011

9,855 sq ft lot • 2 garage spots • Built 1954

FOR SALE BY OWNER

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Investor Opportunity & ndash; Anderson, IN (Near W 3rd St & amp; John St) Price: $49,000 OBO Off-market property available in Anderson, IN, located near W 3rd St & amp; John St. This is a cosmetic rehab opportunity & mdash; not a full gut. Property offers flexibility for the next owner to make improvements based on their investment strategy. ?? Property Highlights: Cosmetic updates needed Vacant and ready for renovation Opportunity to add value with light improvements Suitable for rental or resale Affordable entry point for investors Located approximately 45 minutes from Indianapolis, making it a solid option for both local and out-of-area investors. This is a great chance

$49,000

3 beds1 bath1,334 sq ft

721 W 3rd St, Anderson, IN 46016

Built 1918 • Listed 110 days

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Investment opportunity! 4 bedrooms, 2 baths, great layout! This property is within walking distance to downtown, close to restaurants and the skate park & splash pad!

$99,900

4 beds2 baths1,582 sq ft

1027 W 11th St, Anderson, IN 46016

Close to restaurants • Splash pad • Skate park

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Looking for privacy and simplicity? This home's for you! Nicely updated 3 bedroom with brand new kitchen, large bath, and LVP flooring throughout. Double lot offers nearly 1/4 acre yard with nicely finished deck. Room enough for a small family, but perfect for empty nester or first-time homebuyers. Newer mechanicals and roof. Property has been leased through August 2027 @ $999/month. Great opportunity for an investor to cashflow for many years!

$99,900

3 beds1 bath1,497 sq ft

1219 W 20th St, Anderson, IN 46016

New kitchen • Large bath • Double lot

Property at 2417 Pearl St, Anderson, IN 46016, 6 beds, 4 baths

$195,000

6 beds4 baths2,900 sq ft

2417 Pearl St, Anderson, IN 46016

Property at Chestnut Plan, Fortville, IN 46040, 3 beds, 2 baths

$305,995

3 beds2 baths1,801 sq ft

Chestnut Plan, Fortville, IN 46040

Listing provided by Zillow

Property at Cooper Plan, Fortville, IN 46040, 4 beds, 2.5 baths

$337,995

4 beds2.5 baths2,813 sq ft

Cooper Plan, Fortville, IN 46040

Listing provided by Zillow

Property at 9856 Olympic Blvd, Pendleton, IN 46064, 3 beds, 2.5 baths

$377,000

3 beds2.5 baths2,078 sq ft

9856 Olympic Blvd, Pendleton, IN 46064

Property at 4228 Maiden Ct, Anderson, IN 46011, 3 beds, 2 baths

$109,900

3 beds2 baths1,216 sq ft

4228 Maiden Ct, Anderson, IN 46011

Listing provided by Zillow

Property at 7105 Theo Baker Blvd, Pendleton, IN 46064, 4 beds, 2 baths

$349,900

4 beds2 baths1,771 sq ft

7105 Theo Baker Blvd, Pendleton, IN 46064

Property at 1031 Hendricks St, Anderson, IN 46016, 3 beds, 1 bath

$120,000

3 beds1 bath1,782 sq ft

1031 Hendricks St, Anderson, IN 46016

Property at 304 Andover Rd, Anderson, IN 46013, 1 bed, 1 bath

$75,000

1 bed1 bath496 sq ft

304 Andover Rd, Anderson, IN 46013

Property at 2105 Arrow Ave, Anderson, IN 46016, 3 beds, 1.5 baths

$105,000

3 beds1.5 baths1,696 sq ft

2105 Arrow Ave, Anderson, IN 46016

Property at Patriot 591 Redbud Estates Plan, Anderson, IN 46013, 3 beds, 2 baths

$65,000

3 beds2 baths1,568 sq ft

Patriot 591 Redbud Estates Plan, Anderson, IN 46013

Listing provided by Zillow

Property at 1015 Delaware St, Anderson, IN 46016, 2 beds, 3 baths

$264,990

2 beds3 baths3,192 sq ft

1015 Delaware St, Anderson, IN 46016

Property at 120 W 5th St, Anderson, IN 46016, 5 beds, 356 baths

$155,000

5 beds356 baths248,600 sq ft

120 W 5th St, Anderson, IN 46016

Property at 1512 Pearl St, Anderson, IN 46016, 2 beds, 1 bath

$97,900

2 beds1 bath1,089 sq ft

1512 Pearl St, Anderson, IN 46016

Property at 521 Chase St, Anderson, IN 46016, 1 bed, 1 bath

$79,900

1 bed1 bath1,472 sq ft

521 Chase St, Anderson, IN 46016

Property at 4620 Southview Dr, Anderson, IN 46013, 3 beds, 1.5 baths

$224,900

3 beds1.5 baths1,392 sq ft

4620 Southview Dr, Anderson, IN 46013

Property at 354 Limerick Ln, Pendleton, IN 46064, 3 beds, 2 baths

$350,000

3 beds2 baths1,964 sq ft

354 Limerick Ln, Pendleton, IN 46064

Property at Ironwood Plan, Fortville, IN 46040, 3 beds, 2.5 baths

$307,995

3 beds2.5 baths1,967 sq ft

Ironwood Plan, Fortville, IN 46040

Listing provided by Zillow

Property at 143 E School St, Anderson, IN 46012, 2 beds, 1 bath

$90,249

2 beds1 bath1,284 sq ft

143 E School St, Anderson, IN 46012

Property at 2811 Lancelot Dr, Anderson, IN 46011, 3 beds, 2 baths

$173,100

3 beds2 baths1,456 sq ft

2811 Lancelot Dr, Anderson, IN 46011

Listing provided by Zillow

Property at 208 E 35th St, Anderson, IN 46013, 3 beds, 1 bath

$139,900

3 beds1 bath1,542 sq ft

208 E 35th St, Anderson, IN 46013

Property at 1410 Walton St, Anderson, IN 46016, 2 beds, 1 bath

$34,900

2 beds1 bath784 sq ft

1410 Walton St, Anderson, IN 46016

Property at 6563 Mayapple Dr, Pendleton, IN 46064, 3 beds, 2 baths

$334,995

3 beds2 baths1,687 sq ft

6563 Mayapple Dr, Pendleton, IN 46064

Property at 905 W 3rd St, Anderson, IN 46016, 4 beds, 2.5 baths

$154,900

4 beds2.5 baths2,681 sq ft

905 W 3rd St, Anderson, IN 46016

Property at Spruce Plan, Fortville, IN 46040, 4 beds, 2.5 baths

$319,995

4 beds2.5 baths2,343 sq ft

Spruce Plan, Fortville, IN 46040

Listing provided by Zillow

Property at Empress Plan, Fortville, IN 46040, 5 beds, 2.5 baths

$344,995

5 beds2.5 baths3,198 sq ft

Empress Plan, Fortville, IN 46040

Listing provided by Zillow

Property at 1820 Whittier Ave, Anderson, IN 46011, 3 beds, 1 bath

$175,000

3 beds1 bath1,230 sq ft

1820 Whittier Ave, Anderson, IN 46011

Property at 2903 Lincoln St, Anderson, IN 46016, 2 beds, 1 bath

$105,000

2 beds1 bath1,296 sq ft

2903 Lincoln St, Anderson, IN 46016

Property at 1807 E 18th St, Anderson, IN 46016, 3 beds, 1 bath

$129,900

3 beds1 bath1,120 sq ft

1807 E 18th St, Anderson, IN 46016

Property at 1815 Fulton St, Anderson, IN 46016, 2 beds, 1 bath

$109,900

2 beds1 bath682 sq ft

1815 Fulton St, Anderson, IN 46016

Property at 1411 E 8th St, Anderson, IN 46012, 2 beds, 2 baths

$189,900

2 beds2 baths1,508 sq ft

1411 E 8th St, Anderson, IN 46012

Property at 1225 S 25th St, Elwood, IN 46036, 7 beds, 3 baths

$122,900

7 beds3 baths3,664 sq ft

1225 S 25th St, Elwood, IN 46036

Property at 1429 Sherman St, Anderson, IN 46016, 3 beds, 2.5 baths

$140,000

3 beds2.5 baths2,529 sq ft

1429 Sherman St, Anderson, IN 46016

Property at 1408 W 13th St, Anderson, IN 46016, 3 beds, 1 bath

$139,900

3 beds1 bath1,813 sq ft

1408 W 13th St, Anderson, IN 46016

Property at 3427 Village Dr, Anderson, IN 46011, 2 beds, 2 baths

$230,000

2 beds2 baths1,336 sq ft

3427 Village Dr, Anderson, IN 46011

Property at 207 S Jackson St, Frankton, IN 46044, 4 beds, 2 baths

$160,000

4 beds2 baths1,560 sq ft

207 S Jackson St, Frankton, IN 46044

Property at 336 Harmony Ct, Anderson, IN 46013, 3 beds, 2 baths

$74,900

3 beds2 baths1,568 sq ft

336 Harmony Ct, Anderson, IN 46013

Listing provided by Zillow

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Based on information submitted to the MLS GRID as of Mon Oct 05 2026. 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.

Cheap Homes for Sale in Madison County

There are currently 630 cheap homes for sale in Madison County at a median listing price of $199K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Madison County stay on the market for 59 days and receive 1 offers. This map is refreshed with the newest listings in Madison County every 15 minutes.

In the past month, 139 homes have been sold in Madison County. In addition to houses in Madison County, there were also 17 condos, 0 townhouses, and 33 multi-family units for sale in Madison County last month. Find your dream home in Madison County 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 Madison County are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Madison County. If you're looking to sell your home in the Madison County area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Madison County with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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