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:
Welcome home to your own little cottage at 1405 E 8th Street! This beautiful 2-bedroom, 2-bathroom home seamlessly blends timeless charm with thoughtful modern updates. Step inside to discover rich, original hardwood floors that flow throughout an inviting main level featuring an updated kitchen with granite counter tops, a quaint dining area, 2 nice sized bedrooms, and a full bath. Downstairs, the finished basement dramatically expands your living space with a large rec room, a second full bathroom with a laundry area, complete with a large washer and dryer, and a cozy family room featuring a gas fireplace and a wetbar area that is perfect for entertaining or movie nights. The gas furnace

$199,500

2 beds2 baths2,154 sq ft

1405 E 8th St, Anderson, IN 46012

Large rec room • Gas fireplace • Finished basement

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Prepare to enjoy the quiet country life at 10313 N 775 W with 4 bedrooms, 2 full baths nestled in the outskirts of Elwood with easy access to 37 and in FRANKTON School District. Built in 1997, this exceptional property offers the perfect blend of classic comfort and picturesque views, all within easy access to the places you want to be. From the moment you arrive, you'll appreciate the charming farm-house frontage with space in all directions. Enjoy the open views from your spacious back deck. The large, useful barn awaits all that you can think to fit into it. Poultry coup already in place for your hobby-farm desires. The home features two main level bedrooms and two upper bedrooms with a

$339,900

4 beds2 baths4,386 sq ft

10313 N 775 W, Elwood, IN 46036

Spacious back deck • New siding • Large useful barn

OPEN SAT, 1PM TO 3PM

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Country living just minutes from Fortville, Pendleton and I-69. This unique 3 bedroom, 2 bath home is perfect for those who like relaxed rural living. The expansive back deck with new composite wood allows for lazy afternoons, gazing into your huge backyard. Take a stroll further into the treeline and enjoy chilly nights around your firepit. Private, peaceful and surrounded by nature, this property provides a quiet escape from the hustle and bustle of life, offering plenty of room to relax, garden or simply enjoy the outdoors. Inside, the floor plan is just open enough to allow easy entertaining yet still feels intimate. The charming kitchen offers a cozy eat-in space. Rich brown woodwork

$269,999

3 beds2 baths1,344 sq ft

7334 W Reformatory Rd, Fortville, IN 46040

Firepit • Unique pantry door • Huge backyard

$179,900

5 beds2 baths2,288 sq ft

2712 Fletcher St, Anderson, IN 46016

Charming porch • Private yard • Welcoming patio

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Two Homes - One Price House Hack Opportunity If house hacking is your goal, the next owner has the opportunity to move into one home while renting the other without sharing a wall like a traditional duplex. Grant up to $7,500 available for this property. Another option is to live next door to family or friends while maintaining completely separate homes and private living spaces. Investor Opportunity The property is currently leased for $1,750 per month in rental income with tenants paying utilities, creating a simple low-expense rental setup. Tenants have expressed interest in renewing their leases, offering the potential for continued stable occupancy for the next owner. One home

$169,900

4 beds3466 baths2,848,960 sq ft

1732 Noble St, Anderson, IN 46016

New drywall • Fully renovated • New kitchen

Property at 928 S Broadway St, Pendleton, IN 46064, 4 beds, 2 baths

$160,000

4 beds2 baths1,896 sq ft

928 S Broadway St, Pendleton, IN 46064

Property at 9801 Zion Way, Pendleton, IN 46064, 3 beds, 2.5 baths

$375,000

3 beds2.5 baths2,317 sq ft

9801 Zion Way, Pendleton, IN 46064

Property at 4824 Jaysue St, Anderson, IN 46013, 2 beds, 1.5 baths

$225,000

2 beds1.5 baths1,670 sq ft

4824 Jaysue St, Anderson, IN 46013

Property at 814 Heritage Ln, Anderson, IN 46013, 3 beds, 2 baths

$198,000

3 beds2 baths1,446 sq ft

814 Heritage Ln, Anderson, IN 46013

Property at 1814 Noble St, Anderson, IN 46016, 2 beds, 1 bath

$44,900

2 beds1 bath1,447 sq ft

1814 Noble St, Anderson, IN 46016

Property at 139 South St, Chesterfield, IN 46017, 3 beds, 1.5 baths

$194,500

3 beds1.5 baths1,300 sq ft

139 South St, Chesterfield, IN 46017

Property at 7673 Mansfield Way, Ingalls, IN 46048, 3 beds, 2 baths

$235,000

3 beds2 baths1,244 sq ft

7673 Mansfield Way, Ingalls, IN 46048

Property at 2297 N 300 E, Anderson, IN 46012, 3 beds, 2 baths

$400,000

3 beds2 baths2,074 sq ft

2297 N 300 E, Anderson, IN 46012

2 beds1 bath2,382 sq ft

355 W 37th St, Anderson, IN 46013

Property at 2516 Palomino Ct, Anderson, IN 46012, 3 beds, 2 baths

$200,000

3 beds2 baths1,200 sq ft

2516 Palomino Ct, Anderson, IN 46012

Property at 1210 Morningside Dr, Anderson, IN 46011, 2 beds, 1.5 baths

$160,000

2 beds1.5 baths1,603 sq ft

1210 Morningside Dr, Anderson, IN 46011

Property at 5317 Linda Ln, Anderson, IN 46011, 3 beds, 1.5 baths

$169,900

3 beds1.5 baths1,131 sq ft

5317 Linda Ln, Anderson, IN 46011

Property at 1811 Mimosa Ln, Anderson, IN 46011, 4 beds, 2.5 baths

$399,500

4 beds2.5 baths2,958 sq ft

1811 Mimosa Ln, Anderson, IN 46011

Property at 1128 E School St, Anderson, IN 46012, 3 beds, 1.5 baths

$239,900

3 beds1.5 baths1,476 sq ft

1128 E School St, Anderson, IN 46012

Property at 5119 Ashley Ct, Anderson, IN 46013, 3 beds, 2.5 baths

$240,000

3 beds2.5 baths2,180 sq ft

5119 Ashley Ct, Anderson, IN 46013

Property at 2627 W 34th St, Anderson, IN 46011, 2 beds, 1 bath

$139,900

2 beds1 bath1,152 sq ft

2627 W 34th St, Anderson, IN 46011

Property at 3227 Meadowcrest Dr, Anderson, IN 46011, 3 beds, 2 baths

$250,000

3 beds2 baths2,673 sq ft

3227 Meadowcrest Dr, Anderson, IN 46011

Property at 136 College Pkwy, Anderson, IN 46012, 2 beds, 2 baths

$187,500

2 beds2 baths1,399 sq ft

136 College Pkwy, Anderson, IN 46012

Property at 4212 Alhambra Dr, Anderson, IN 46013, 2 beds, 1 bath

$148,000

2 beds1 bath915 sq ft

4212 Alhambra Dr, Anderson, IN 46013

Property at 2408 Pearl St, Anderson, IN 46016, 3 beds, 1 bath

$134,900

3 beds1 bath1,088 sq ft

2408 Pearl St, Anderson, IN 46016

Property at 611 S Harrison St, Alexandria, IN 46001, 3 beds, 2 baths

$168,000

3 beds2 baths1,110 sq ft

611 S Harrison St, Alexandria, IN 46001

Property at 2826 Walton St, Anderson, IN 46016, 2 beds, 1 bath

$57,900

2 beds1 bath720 sq ft

2826 Walton St, Anderson, IN 46016

Property at 3531 Tudor Rd, Anderson, IN 46012, 3 beds, 1.5 baths

$249,900

3 beds1.5 baths1,740 sq ft

3531 Tudor Rd, Anderson, IN 46012

Property at 320 E 34th St, Anderson, IN 46013, 2 beds, 1 bath

$139,900

2 beds1 bath846 sq ft

320 E 34th St, Anderson, IN 46013

Property at 604 E Mill St, Summitville, IN 46070, 4 beds, 2.5 baths

$240,000

4 beds2.5 baths2,554 sq ft

604 E Mill St, Summitville, IN 46070

Property at 2826 N B St, Elwood, IN 46036, 3 beds, 1 bath

$154,900

3 beds1 bath1,236 sq ft

2826 N B St, Elwood, IN 46036

Property at 1710 Bittersweet Dr, Anderson, IN 46011, 3 beds, 1.5 baths

$224,900

3 beds1.5 baths1,208 sq ft

1710 Bittersweet Dr, Anderson, IN 46011

Property at 812 W 1st St, Anderson, IN 46016, 3 beds, 2 baths

$159,900

3 beds2 baths1,200 sq ft

812 W 1st St, Anderson, IN 46016

Property at 6196 S 300 E, Markleville, IN 46056, 3 beds, 2 baths

$339,000

3 beds2 baths1,120 sq ft

6196 S 300 E, Markleville, IN 46056

Property at 2521 Mounds Rd, Anderson, IN 46016, 2 beds, 1 bath

$124,900

2 beds1 bath1,212 sq ft

2521 Mounds Rd, Anderson, IN 46016

Property at 433 E 54th St, Anderson, IN 46013, 3 beds, 1 bath

$125,000

3 beds1 bath1,216 sq ft

433 E 54th St, Anderson, IN 46013

Property at 5707 N State Road 9, Anderson, IN 46012, 3 beds, 1.5 baths

$314,900

3 beds1.5 baths1,764 sq ft

5707 N State Road 9, Anderson, IN 46012

Property at 131 W 13th St, Anderson, IN 46016, 3 beds, 2 baths

$138,000

3 beds2 baths2,228 sq ft

131 W 13th St, Anderson, IN 46016

Property at 805 Reformatory Rd, Pendleton, IN 46064, 3 beds, 2 baths

$249,900

3 beds2 baths1,456 sq ft

805 Reformatory Rd, Pendleton, IN 46064

Property at 1007 Randolph Ave, Alexandria, IN 46001, 3 beds, 1 bath

$150,000

3 beds1 bath1,508 sq ft

1007 Randolph Ave, Alexandria, IN 46001

Property at 8 Dixie Dr, Anderson, IN 46016, 3 beds, 1 bath

$42,500

3 beds1 bath2,128 sq ft

8 Dixie Dr, Anderson, IN 46016

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Based on information submitted to the MLS GRID as of Thu Sep 10 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 642 cheap homes for sale in Madison County at a median listing price of $200K. 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 57 days and receive 1 offers. This map is refreshed with the newest listings in Madison County every 15 minutes.

In the past month, 155 homes have been sold in Madison County. In addition to houses in Madison County, there were also 16 condos, 0 townhouses, and 27 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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