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 to 433 E 54th Street! This 3-bedroom, 1-bath home offers approximately 1,200 square feet of living space in a convenient Anderson location. Fresh paint throughout gives the home a move-in-ready feel, while several major updates provide added peace of mind - including a brand-new HVAC system installed in 2026 and a roof replaced in 2023. The kitchen appliances, washer, and dryer are all included, and a convenient utility/mudroom just off the kitchen provides extra space for laundry, storage, and everyday organization. Outside, you'll appreciate the privacy this lot provides, along with a detached garage and long driveway offering plenty of space for parking. With easy access to I-69,

$125,000

3 beds1 bath1,216 sq ft

433 E 54th St, Anderson, IN 46013

Utility mudroom • Long driveway • Roof replaced

FLOOR PLAN

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Looking for less upkeep without giving up comfortable living space, storage or your own garage? This well-cared-for 2-bedroom, 1-bath Anderson condo offers all three in a single-level layout. The spacious living room flows into the dining area and kitchen, while both bedrooms offer generous closet space. In-unit laundry, an attached one-car garage and a newer HVAC system add everyday convenience. A small patio provides outdoor space without a large yard to maintain. Located near shopping, dining and entertainment with easy access to I-69, this home offers a manageable footprint with the space and practical features that matter.

$148,000

2 beds1 bath915 sq ft

4212 Alhambra Dr, Anderson, IN 46013

Attached garage • In-unit laundry • Single-level layout

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Welcome home to Meadowbrook! Perfectly situated on a quiet cul-de-sac with a uniquely elevated lot, this charming 3-bedroom home offers beautiful neighborhood and park views. Step inside to a spacious living room featuring laminate flooring and a comforting ceiling fan, leading into a lovely formal dining room brightened by a large picture window. The updated kitchen boasts ample cabinets, extensive drawer space, and included appliances. All three spacious bedrooms feature cozy carpeting, with two sharing a convenient Jack-and-Jill full bath. The enclosed sun porch overlooks the peaceful street and nearby park. A standout feature of this property is the massive, powered 25x30 metal garage (

$139,900

3 beds1 bath1,038 sq ft

241 Ringwood Way, Anderson, IN 46013

Formal dining room • Park views • Elevated lot

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Opportunity is knocking on Anderson's Historic W 8th Street! A spacious 1927 home is available as an ideal canvas for an investor or buyer looking to restore a large historic home. The most expensive mechanical upgrades are already done-including a brand-new roof (July 2025) and a new heating and central air system (March 2026). Inside, you'll find the original character of the home has not been changed much, including rich hardwood floors, the original kitchen for use or as a unique feature to this home. Along with the original structure, there is a newer addition extending the back of the home and features an updated open concept main kitchen, breakfast area, large family room, with a hea

$125,000

3 beds2 baths3,418 sq ft

1321 W 8th St, Anderson, IN 46016

Newer addition • Updated main kitchen • Historic home

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Beautiful ranch home in the heart of Alexandria, IN on over one third of an acre! Super energy efficient/insulated with 3 beds, 2 full baths with finished loft for storage/kids play area and the added benefit of the additional . 17-acre lot included with the sale. The property also features a 2-car detached garage, providing excellent space for parking, storage, or hobbies. The kitchen boasts Whirlpool stainless steel appliances and has plenty of cabinet space. This home is complete with soaring vaulted ceilings and beautiful luxury vinyl plank throughout. Both bathrooms include cultured marble wave bowl sinks and soft close toilets. SIP construction offers 3x more energy efficiency than tr

$168,000

3 beds2 baths1,110 sq ft

611 S Harrison St, Alexandria, IN 46001

Finished loft • Short walk to town • Detached garage

Property at 1311 N 400 E, Anderson, IN 46012, 3 beds, 2 baths

$349,900

3 beds2 baths2,180 sq ft

1311 N 400 E, Anderson, IN 46012

Property at 113 N 21st St, Elwood, IN 46036, 2 beds, 1 bath

$69,900

2 beds1 bath1,038 sq ft

113 N 21st St, Elwood, IN 46036

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

$134,000

3 beds2 baths2,228 sq ft

131 W 13th St, Anderson, IN 46016

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 2325 Halford St, Anderson, IN 46016, 2 beds, 1 bath

$114,900

2 beds1 bath1,002 sq ft

2325 Halford St, Anderson, IN 46016

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 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 147 W Birch Ln, Alexandria, IN 46001, 3 beds, 2 baths

$209,000

3 beds2 baths1,224 sq ft

147 W Birch Ln, Alexandria, IN 46001

Property at 304 W 34th St, Anderson, IN 46013, 2 beds, 1 bath

$110,000

2 beds1 bath1,500 sq ft

304 W 34th St, Anderson, IN 46013

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 208 Cottonwood Dr, Anderson, IN 46012, 4 beds, 1.5 baths

$199,500

4 beds1.5 baths1,868 sq ft

208 Cottonwood Dr, Anderson, IN 46012

Property at 2807 Halford St, Anderson, IN 46016

$25,000

Studio— baths624 sq ft

2807 Halford St, Anderson, IN 46016

Property at 1924 Main St, Anderson, IN 46016, 3 beds, 1 bath

$74,900

3 beds1 bath840 sq ft

1924 Main St, Anderson, IN 46016

Property at 2408 Brown St, Anderson, IN 46016, 7 beds, 6 baths

$158,000

7 beds6 baths3,400 sq ft

2408 Brown St, Anderson, IN 46016

Property at 9816 Hulton Rd, Pendleton, IN 46064, 5 beds, 2.5 baths

$350,000

5 beds2.5 baths2,200 sq ft

9816 Hulton Rd, Pendleton, IN 46064

Property at 5903 Oak Ln, Anderson, IN 46013, 1 bed, 1 bath

$65,000

1 bed1 bath950 sq ft

5903 Oak Ln, Anderson, IN 46013

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 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 5107 W Hickory Ln, Anderson, IN 46011, 3 beds, 1 bath

$245,000

3 beds1 bath994 sq ft

5107 W Hickory Ln, Anderson, IN 46011

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 1316 Sycamore St, Anderson, IN 46016, 2 beds, 1 bath

$44,500

2 beds1 bath1,389 sq ft

1316 Sycamore St, Anderson, IN 46016

Property at 1928 Main St, Anderson, IN 46016, 2 beds, 1 bath

$59,900

2 beds1 bath1,386 sq ft

1928 Main St, Anderson, IN 46016

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

$39,500

3 beds1 bath2,128 sq ft

8 Dixie Dr, Anderson, IN 46016

Property at 8584 Tripp Rd, Pendleton, IN 46064, 5 beds, 3 baths

$375,000

5 beds3 baths2,460 sq ft

8584 Tripp Rd, Pendleton, IN 46064

Property at 609 Stoner Dr, Anderson, IN 46013, 4 beds, 2 baths

$219,900

4 beds2 baths1,916 sq ft

609 Stoner Dr, Anderson, IN 46013

Property at 726 E School St, Anderson, IN 46012, 3 beds, 1 bath

$199,000

3 beds1 bath1,684 sq ft

726 E School St, Anderson, IN 46012

Property at 101 Norfolk Dr, Alexandria, IN 46001, 3 beds, 1.5 baths

$140,000

3 beds1.5 baths1,716 sq ft

101 Norfolk Dr, Alexandria, IN 46001

Property at 119 E School St, Anderson, IN 46012, 3 beds, 1 bath

$129,900

3 beds1 bath980 sq ft

119 E School St, Anderson, IN 46012

Property at 2308 Edgemont Way, Anderson, IN 46011, 3 beds, 1 bath

$169,900

3 beds1 bath925 sq ft

2308 Edgemont Way, Anderson, IN 46011

Property at 4829 S New Columbus Rd, Anderson, IN 46013, 2 beds

$99,000

2 beds— baths820 sq ft

4829 S New Columbus Rd, Anderson, IN 46013

Property at 2705 S H St, Elwood, IN 46036, 3 beds, 2 baths

$64,900

3 beds2 baths1,784 sq ft

2705 S H St, Elwood, IN 46036

Property at 2163 E 1700 Rd N, Summitville, IN 46070, 3 beds, 1.5 baths

$214,900

3 beds1.5 baths1,626 sq ft

2163 E 1700 Rd N, Summitville, IN 46070

Property at 624 Tuscany Trl, Lapel, IN 46051, 3 beds, 2 baths

$325,000

3 beds2 baths1,724 sq ft

624 Tuscany Trl, Lapel, IN 46051

Property at 281 Waters Edge, Pendleton, IN 46064, 3 beds, 2 baths

$269,995

3 beds2 baths1,218 sq ft

281 Waters Edge, Pendleton, IN 46064

Property at 1301 S J St, Elwood, IN 46036, 3 beds, 1 bath

$149,999

3 beds1 bath1,292 sq ft

1301 S J St, Elwood, IN 46036

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Based on information submitted to the MLS GRID as of Tue Sep 15 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 654 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 58 days and receive 1 offers. This map is refreshed with the newest listings in Madison County every 15 minutes.

In the past month, 156 homes have been sold in Madison County. In addition to houses in Madison County, there were also 16 condos, 0 townhouses, and 28 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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