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

654 homes

Sort:

Recommended

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
INVESTOR ALERT!!! Expand your portfolio with this 2 bedroom/1 bath home. Long term, reliable tenant in place! Bathroom has been updated. Rent is $700/month, so you are well over the 1% rule! Property is on 2 parcels and is being sold AS-IS. Great location in downtown Anderson-- very close to the hospital and public transportation routes! Seller would prefer to sell 1920 Main, 1924 Main, & 1928 Main as a package deal! Please see other listings for more details.

$54,900

2 beds1 bath794 sq ft

Two parcels • Great location • Updated bathroom

1920 Main St, Anderson, IN 46016

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Welcome to 207 N 4th ST N in ELWOOD, IN, a charming single-family residence built in 1969, offering 1352 square feet of inviting living space. This ready-to-move-in home presents a wonderful opportunity for comfortable and convenient living. The ranch-style exterior is complemented by a welcoming porch, perfect for enjoying quiet mornings or peaceful evenings. Inside, discover three thoughtfully designed bedrooms, providing ample space for relaxation and personal retreats. A full bathroom serves the home, offering everyday convenience. This single-story layout ensures effortless navigation throughout the residence. With a generous lot size of 5280 square feet, there's plenty of outdoor spac

$145,000

3 beds1 bath1,352 sq ft

5,280 sq ft lot • Garage • Built 1969

207 N 4th St N, Elwood, IN 46036

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Investment opportunity in Anderson! This two-story triplex offers potential for an investor looking to renovate and add value. The property features multiple living units and is conveniently located near medical facilities, shopping, dining, schools, and other local amenities. A great opportunity to bring your vision to this property and unlock its potential.

$49,900

3 beds3 baths3,350 sq ft

Two-story triplex • 8,400 sq ft lot • Built 1915

321 W 22nd St, Anderson, IN 46016

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Like-new and move-in ready 4Bd/2.5Ba home with 3-car garage, fully fenced in backyard, and 2,539 SqFt of living space in Pendleton Schools! Located in Carrick Glen subdivision within walking distance to restaurants, parks, and more in downtown Pendleton! Beautiful curb appeal with board and batten siding, brick, and stone features on the home plus well-cared for landscaping. Inside the front door is a statement-worthy staircase leading to the second level. Also just inside is a great home office/den that could also be used as a playroom. Updated Luxury Vinyl plank flooring on the main flows seamlessly throughout the rooms. A spacious Living Room features elevated ceilings, a custom focal-fe

$385,000

4 beds2.5 baths2,570 sq ft

Large center island • 9,409 sq ft lot • 3 garage spots

147 Carrick Glen Blvd, Pendleton, IN 46064

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Gorgeous mid-century modern home in Edgewood on Park Rd!! Fully updated interior, new roof, new AC, granite countertops, stunning bathroom finishes & much more! This home has 3 bedrooms, 2 full bathrooms, an oversized 2 car garage & a fully enclosed screened in porch.

$267,900

3 beds2.5 baths1,993 sq ft

Updated interior • Granite countertops • New ac

803 Park Rd, Anderson, IN 46011

Property at 1019 N John St, Lapel, IN 46051, 3 beds, 1 bath

$205,000

3 beds1 bath1,156 sq ft

1019 N John St, Lapel, IN 46051

Property at 2202 Columbus Ave, Anderson, IN 46016, 3 beds, 1 bath

$68,000

3 beds1 bath1,214 sq ft

2202 Columbus Ave, Anderson, IN 46016

Property at 327 E 37th St, Anderson, IN 46013, 4 beds, 1 bath

$85,000

4 beds1 bath3,090 sq ft

327 E 37th St, Anderson, IN 46013

Property at 1202 N Madison Ave, Anderson, IN 46011, 3 beds, 2.5 baths

$405,000

3 beds2.5 baths3,289 sq ft

1202 N Madison Ave, Anderson, IN 46011

Property at 703 Race St, Frankton, IN 46044, 4 beds, 2 baths

$274,900

4 beds2 baths1,684 sq ft

703 Race St, Frankton, IN 46044

Property at 3436 W 8th Street Rd, Anderson, IN 46011, 2 beds, 1 bath

$375,000

2 beds1 bath1,435 sq ft

3436 W 8th Street Rd, Anderson, IN 46011

Property at 68 W 650 S, Pendleton, IN 46064, 2 beds, 2 baths

$269,900

2 beds2 baths1,525 sq ft

68 W 650 S, Pendleton, IN 46064

Property at 4413 Brenda Dr, Anderson, IN 46013, 3 beds, 1.5 baths

$125,000

3 beds1.5 baths1,128 sq ft

4413 Brenda Dr, Anderson, IN 46013

Property at 316 S Woodward St, Lapel, IN 46051, 4 beds, 3 baths

$299,900

4 beds3 baths2,592 sq ft

316 S Woodward St, Lapel, IN 46051

Property at 2608 E 7th St, Anderson, IN 46012, 2 beds, 1 bath

$70,000

2 beds1 bath720 sq ft

2608 E 7th St, Anderson, IN 46012

Property at 1413 N Fairview Ave, Alexandria, IN 46001, 3 beds, 2 baths

$324,900

3 beds2 baths1,691 sq ft

1413 N Fairview Ave, Alexandria, IN 46001

Property at 926 S A St, Elwood, IN 46036, 3 beds, 2 baths

$224,900

3 beds2 baths2,028 sq ft

926 S A St, Elwood, IN 46036

Property at 4297 W 100 S, Anderson, IN 46011, 3 beds, 2 baths

$299,900

3 beds2 baths2,903 sq ft

4297 W 100 S, Anderson, IN 46011

Property at 10927 Mansfield Way, Ingalls, IN 46048, 4 beds, 2.5 baths

$297,900

4 beds2.5 baths3,043 sq ft

10927 Mansfield Way, Ingalls, IN 46048

Property at 409 W 7th St, Anderson, IN 46016, 5 beds, 2.5 baths

$225,000

5 beds2.5 baths3,598 sq ft

409 W 7th St, Anderson, IN 46016

Property at 8398 Hulton Rd, Pendleton, IN 46064, 3 beds, 2 baths

$375,000

3 beds2 baths2,080 sq ft

8398 Hulton Rd, Pendleton, IN 46064

Property at 908 Walnut St, Anderson, IN 46012, 2 beds, 6 baths

$168,000

2 beds6 baths4,340 sq ft

908 Walnut St, Anderson, IN 46012

Property at 9444 W Constellation Dr, Pendleton, IN 46064, 3 beds, 2.5 baths

$239,900

3 beds2.5 baths1,508 sq ft

9444 W Constellation Dr, Pendleton, IN 46064

Property at 3610 Nichol Ave, Anderson, IN 46011, 3 beds, 1.5 baths

$309,900

3 beds1.5 baths2,824 sq ft

3610 Nichol Ave, Anderson, IN 46011

Property at 2519 Jackson St, Anderson, IN 46016, 3 beds, 2 baths

$145,000

3 beds2 baths2,316 sq ft

2519 Jackson St, Anderson, IN 46016

Property at 1922 Saint James Pl, Anderson, IN 46012, 2 beds, 2 baths

$200,000

2 beds2 baths1,228 sq ft

1922 Saint James Pl, Anderson, IN 46012

Property at 1522 Wilkie Ct, Elwood, IN 46036, 3 beds, 1 bath

$135,000

3 beds1 bath925 sq ft

1522 Wilkie Ct, Elwood, IN 46036

Property at 3007-3009 E Lynn St, Anderson, IN 46016, 3 beds, 6 baths

$134,900

3 beds6 baths3,968 sq ft

3007-3009 E Lynn St, Anderson, IN 46016

Property at 8394 S Shady Trail Dr, Pendleton, IN 46064, 3 beds, 2.5 baths

$284,000

3 beds2.5 baths2,089 sq ft

8394 S Shady Trail Dr, Pendleton, IN 46064

Property at 1015 Chestnut St, Anderson, IN 46012, 3 beds, 2 baths

$164,900

3 beds2 baths1,064 sq ft

1015 Chestnut St, Anderson, IN 46012

Property at 421 W 7th, Anderson, IN 46016, 5 beds, 2 baths

$133,000

5 beds2 baths2,300 sq ft

421 W 7th, Anderson, IN 46016

Property at 815 Delmar Rd, Anderson, IN 46013, 3 beds, 1.5 baths

$149,900

3 beds1.5 baths1,008 sq ft

815 Delmar Rd, Anderson, IN 46013

Property at 1907 Cold Springs Dr, Pendleton, IN 46064, 3 beds, 2.5 baths

$325,000

3 beds2.5 baths2,040 sq ft

1907 Cold Springs Dr, Pendleton, IN 46064

Property at 2269 N 200 W, Anderson, IN 46011, 3 beds, 2 baths

$199,900

3 beds2 baths1,376 sq ft

2269 N 200 W, Anderson, IN 46011

Property at 1112 North Dr, Anderson, IN 46011, 4 beds, 2 baths

$219,900

4 beds2 baths2,946 sq ft

1112 North Dr, Anderson, IN 46011

Property at 405 W 33rd St, Anderson, IN 46013, 2 beds, 1 bath

$127,500

2 beds1 bath852 sq ft

405 W 33rd St, Anderson, IN 46013

Property at 816 E Sigler St, Frankton, IN 46044, 2 beds, 1 bath

$158,500

2 beds1 bath1,328 sq ft

816 E Sigler St, Frankton, IN 46044

Property at 303 W 2nd St, Anderson, IN 46016, 4 beds, 2 baths

$116,500

4 beds2 baths1,899 sq ft

303 W 2nd St, Anderson, IN 46016

Property at 4349 Alhambra Dr, Anderson, IN 46013, 5 beds, 3.5 baths

$299,000

5 beds3.5 baths2,420 sq ft

4349 Alhambra Dr, Anderson, IN 46013

Property at 2020 S Winding Way, Anderson, IN 46011, 3 beds, 1.5 baths

$230,000

3 beds1.5 baths1,777 sq ft

2020 S Winding Way, Anderson, IN 46011

Property at 2015 Mckinley St, Anderson, IN 46016, 2 beds, 1 bath

$110,000

2 beds1 bath958 sq ft

2015 Mckinley St, Anderson, IN 46016

Viewing page 4 of 16

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.

More real estate resources for Madison County, IN

Nearby Counties

Cities

Nearby Counties with Cheap Homes

Nearby Cities with Cheap Homes

More to explore in Madison County, IN

How to buy a house in Madison County, IN

How much house can I afford?

How to buy a house in 10 steps

First-time homebuyer's guide

See more home buying guides

3 Redfin agents serving Madison County

127

Deals*

4.7

Satisfaction

480

Homes closed*

* Data from the last year

Popular Markets in Indiana

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.