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:
* * NOT FOR RENT!!! * * Welcome to 3531 Tudor Rd, a beautifully updated home offering space, comfort, and major improvements in a convenient Anderson location. This 3-bedroom, 1.5-bath home features over 1,700 square feet of living space with a fresh, modern feel throughout. Recent updates include all new paint, brand-new flooring, a new roof, and new stainless steel appliances, making this a true move-in-ready opportunity. Inside, you'll find a functional layout with generous living areas designed for both everyday living and entertaining. The updated finishes create a clean, cohesive look, while the additional square footage provides flexibility for a second living space, home office,

$249,900

3 beds1.5 baths1,740 sq ft

3531 Tudor Rd, Anderson, IN 46012

Updated home • Functional layout • New roof

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Discover the charm of 409 W 8th ST, LAPEL, IN, a delightful 728 square foot single-family residence built in 1910, offering an inviting and move-in ready experience. This property presents a unique opportunity for comfortable living with a touch of historic character. This home features two comfortable bedrooms, providing adaptable spaces for rest and personal pursuits. The single full bathroom is thoughtfully appointed, ensuring convenience and utility. A huge detached garage provides secure parking and additional storage solutions. Air compressor and tool box stays with the home. The convenience of an in-home laundry room. Step out onto the welcoming porch, an ideal spot for quiet morning

$179,900

2 beds1 bath910 sq ft

409 W 8th St, Lapel, IN 46051

In-home laundry room • Detached garage • Welcoming porch

OPEN SUN, 1PM TO 3PM3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Welcome to this 2023-built Arbor Homes ranch in Estes Park, ideally located just minutes from the Hamilton County line, I-69, Fishers, and Pendleton. Offering 2,080 square feet of desirable one-level living, this 3-bedroom home features an open-concept floor plan, vaulted ceilings, and wide-plank flooring throughout the spacious great room, dining area, and kitchen. The upgraded kitchen is the centerpiece of the home with quartz countertops, tile backsplash, gas range, walk-in pantry, and an oversized island with seating. Tucked privately at the rear of the home, the primary suite features a tray ceiling, walk-in closet, dual-sink vanity, custom slat accent wall, and a tiled walk-in shower.

$369,000

3 beds2 baths2,080 sq ft

8398 Hulton Rd, Pendleton, IN 46064

Quartz counters • One level living • Walk in pantry

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Discover a delightful single-family residence at 5107 W Hickory LN, ANDERSON, IN, USA. Built in 1959, this inviting home offers 994 square feet of comfortable living space, ready for you to move in and make it your own. The heart of this home is an open-plan kitchen, designed for seamless interaction. It features a practical peninsula, creating an effortless flow into the living room, perfect for everyday living and entertaining. This charming ranch-style property includes three comfortable bedrooms and one full bathroom, providing ample space for relaxation and personal routines. Beyond the main living areas, while an attached garage provides convenient vehicle storage and additional utili

$245,000

3 beds1 bath1,248 sq ft

5107 W Hickory Ln, Anderson, IN 46011

Open-plan kitchen • Generous lot • Practical peninsula

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Fully occupied triplex offering immediate cash flow with $2,569/month in gross rental income. This stabilized investment has been renovated in recent years and features a new roof (2023) and new furnace (2022). Long-term tenants have a strong payment history and currently handle lawn care and snow removal. Owner pays water/sewer and gas; tenants pay electric and trash. Offered at $168,000, this property exceeds the 1% rule and presents an excellent opportunity for investors seeking stable income and a well-maintained asset.

$163,000

2 beds6 baths4,340 sq ft

908 Walnut St, Anderson, IN 46012

New furnace • Long term tenants • Triplex

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 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 1917 Cedar St, Anderson, IN 46016, 3 beds, 2 baths

$135,000

3 beds2 baths2,323 sq ft

1917 Cedar St, Anderson, IN 46016

Property at 805 S 17th St, Elwood, IN 46036, 3 beds, 3 baths

$174,900

3 beds3 baths1,968 sq ft

805 S 17th St, Elwood, IN 46036

Property at 321 W 22nd St, Anderson, IN 46016, 3 beds, 3 baths

$49,900

3 beds3 baths3,350 sq ft

321 W 22nd St, Anderson, IN 46016

Property at 105 E Vinyard, Anderson, IN 46012, 3 beds, 1 bath

$141,900

3 beds1 bath1,898 sq ft

105 E Vinyard, Anderson, IN 46012

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

$114,500

4 beds2 baths1,899 sq ft

303 W 2nd St, Anderson, IN 46016

Property at 210 S 27th St, Elwood, IN 46036, 3 beds, 1 bath

$184,000

3 beds1 bath1,118 sq ft

210 S 27th St, Elwood, IN 46036

Property at 663 Blackrock Dr, Pendleton, IN 46064, 4 beds, 2 baths

$360,000

4 beds2 baths1,815 sq ft

663 Blackrock Dr, Pendleton, IN 46064

Property at 3729 Burton Pl, Anderson, IN 46013, 2 beds, 1 bath

$119,000

2 beds1 bath800 sq ft

3729 Burton Pl, Anderson, IN 46013

Property at 3075 Oakmont Dr, Lapel, IN 46051, 3 beds, 2 baths

$314,900

3 beds2 baths1,534 sq ft

3075 Oakmont Dr, Lapel, IN 46051

Property at 4412 Alhambra Dr, Anderson, IN 46013, 5 beds, 2.5 baths

$280,000

5 beds2.5 baths2,409 sq ft

4412 Alhambra Dr, Anderson, IN 46013

Property at 1502 Cedar, Anderson, IN 46016, 2 beds, 1 bath

$65,000

2 beds1 bath1,667 sq ft

1502 Cedar, Anderson, IN 46016

Property at 1311 S J St S, Elwood, IN 46036, 4 beds, 1 bath

$90,000

4 beds1 bath1,716 sq ft

1311 S J St S, Elwood, IN 46036

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 17 W Oak St, Alexandria, IN 46001, 3 beds, 1 bath

$79,900

3 beds1 bath1,630 sq ft

17 W Oak St, Alexandria, IN 46001

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 631 High St, Anderson, IN 46012, 7 beds, 3 baths

$225,000

7 beds3 baths2,916 sq ft

631 High St, Anderson, IN 46012

Property at 2710 N B St, Elwood, IN 46036, 3 beds, 2 baths

$274,900

3 beds2 baths1,652 sq ft

2710 N B St, Elwood, IN 46036

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

$222,500

3 beds1.5 baths1,208 sq ft

1710 Bittersweet Dr, Anderson, IN 46011

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

$159,900

3 beds2 baths1,064 sq ft

1015 Chestnut St, Anderson, IN 46012

Property at 1303 S F St, Elwood, IN 46036, 6 beds, 2 baths

$99,900

6 beds2 baths2,624 sq ft

1303 S F St, Elwood, IN 46036

Property at 1321 S B St, Elwood, IN 46036, 4 beds, 2.5 baths

$89,900

4 beds2.5 baths2,490 sq ft

1321 S B St, Elwood, IN 46036

Property at 10891 Rose Ln, Ingalls, IN 46048, 3 beds, 2.5 baths

$250,000

3 beds2.5 baths3,174 sq ft

10891 Rose Ln, Ingalls, IN 46048

Property at 1500 W 11th St, Anderson, IN 46016, 3 beds, 1 bath

$127,901

3 beds1 bath1,978 sq ft

1500 W 11th St, Anderson, IN 46016

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 6733 S Cross St, Pendleton, IN 46064, 4 beds, 1.5 baths

$199,000

4 beds1.5 baths1,539 sq ft

6733 S Cross St, Pendleton, IN 46064

Property at 258 Ambrose Ln, Pendleton, IN 46064, 3 beds, 2 baths

$312,995

3 beds2 baths1,613 sq ft

258 Ambrose Ln, Pendleton, IN 46064

Property at 8577 Moyers Street East, Fortville, IN 46040, 5 beds, 3 baths

$406,990

5 beds3 baths2,736 sq ft

8577 Moyers Street East, Fortville, IN 46040

Property at 931 N 19th St, Elwood, IN 46036, 3 beds, 2 baths

$155,900

3 beds2 baths1,152 sq ft

931 N 19th St, Elwood, IN 46036

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 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 612 Hampton Ln, Chesterfield, IN 46017, 3 beds, 1 bath

$145,000

3 beds1 bath900 sq ft

612 Hampton Ln, Chesterfield, IN 46017

Property at 2209 E Lynn St, Anderson, IN 46016, 3 beds, 1 bath

$54,900

3 beds1 bath1,893 sq ft

2209 E Lynn St, Anderson, IN 46016

Property at 3087 S 380 E, Chesterfield, IN 46017, 4 beds, 2 baths

$350,000

4 beds2 baths1,590 sq ft

3087 S 380 E, Chesterfield, IN 46017

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Based on information submitted to the MLS GRID as of Sat Oct 03 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 631 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 57 days and receive 1 offers. This map is refreshed with the newest listings in Madison County every 15 minutes.

In the past month, 157 homes have been sold in Madison County. In addition to houses in Madison County, there were also 17 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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