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

497 homes

Sort:

Recommended

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Located at 1800 S R ST, in the charming city of Elwood, Indiana, this single-family residence presents a compelling opportunity for those with a vision for investment and enhancement. This property stands as a great option for investors and handy homeowners alike. With 2475 square feet of living area on 3 parcel lot, and a 1.5 story layout, this property offers a canvas for realizing your investment dreams. The property includes a porch and a patio, extending the living space outdoors and providing areas for relaxation and enjoyment of the surrounding environment. There is also an adjoining Listing for an additional 3 parcels north of this property. Making for a potential 6 parcel lot.

$64,900

3 beds1 bath2,475 sq ft

1800 S R St, Elwood, IN 46036

3 parcel lot • 6 parcel lot • 5,719 sq ft lot

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Back on market! Move-In Ready & Fully Remodeled! This beautifully updated home is packed with upgrades-new flooring, windows, roof, A/C unit, water heater, and stainless appliances. Enjoy peace of mind and modern comfort from day one. The low-maintenance yard is perfect for relaxing or entertaining, with minimal upkeep required. Stylish, efficient, and completely turnkey-this home is ready for you to move in and make it yours!

$169,900

3 beds1 bath1,348 sq ft

1609 S G St, Elwood, IN 46036

Fully remodeled • New a/c unit • New flooring

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Experience the charm of this beautifully updated home in the sought-after Western Village neighborhood, perfectly situated near Lapel, Noblesville, and Indy's northeast corridor. Virtually staged photos bring this home to life, highlighting its potential and showcasing its style and possibilities. This versatile property features THREE BEDROOMS, with the flexibility for a FOURTH BEDROOM or OFFICE, and a spacious BONUS ROOM to suit your lifestyle needs. Recently refreshed inside and out, the home boasts brand-new carpeting, fresh paint, and refreshed landscaping that enhances its curb appeal. Step into the inviting FOYER, where vintage Mid-Century Modern slate tiles set a distinctive tone, s

$224,900

3 beds2.5 baths2,082 sq ft

3134 Meadowcrest Dr, Anderson, IN 46011

Updated home • 0.26 acre lot • 2 garage spots

OPEN TODAY, 3PM TO 4:30PM

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Welcome to this beautifully designed 3-bedroom, 2-bath custom-built home, completed in 2023 and crafted with both style and function in mind. As you step through the captivating entryway, you're greeted by impressive 13-foot cathedral ceilings that bring light and openness to the heart of the home. A spacious master suite complete with a private bath, double sinks, and a walk-in closet. The kitchen is equipped with stainless steel appliances, ideal for everyday living. An oversized, fully insulated 2-car-attached garage offers plenty of room for storage or a workshop. Don't miss your chance to own this move-in-ready home!

$274,900

3 beds2 baths1,361 sq ft

239 N Coventry Dr, Anderson, IN 46012

8,364 sq ft lot • 2 garage spots • Built 2023

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Step inside this beautifully renovated 3 bedroom, 2.5 bathroom home featuring a modern design and thoughtful updates throughout. From top to bottom, no detail has been overlooked. The main level boasts an open and inviting floor plan with durable luxury vinyl plank flooring flowing seamlessly through each room. The chef-inspired kitchen is equipped with brand new stainless steel appliances, granite countertops, subway tile backsplash, and an abundance of cabinet space. The spacious living areas are perfect for entertaining, while the stylish bathrooms showcase designer tile, modern fixtures, and high-end finishes. Upstairs, you'll find three comfortable bedrooms and a spacious loft with add

$207,500

3 beds2.5 baths1,680 sq ft

1336 S G St, Elwood, IN 46036

Renovated home • Modern design • Granite countertops

Property at 1616 Reverend J. T. Menifee St, Anderson, IN 46016, 2 beds, 1 bath

$52,000

2 beds1 bath864 sq ft

1616 Reverend J. T. Menifee St, Anderson, IN 46016

Property at 2530 Lincoln St, Anderson, IN 46016, 4 beds, 2 baths

$229,900

4 beds2 baths3,772 sq ft

2530 Lincoln St, Anderson, IN 46016

Property at 3215 Alexandria Pike, Anderson, IN 46012, 3 beds, 1.5 baths

$259,900

3 beds1.5 baths1,440 sq ft

3215 Alexandria Pike, Anderson, IN 46012

Property at 253 Elderberry Ct, Pendleton, IN 46064, 4 beds, 2.5 baths

$380,000

4 beds2.5 baths3,678 sq ft

253 Elderberry Ct, Pendleton, IN 46064

Property at 615 N Anderson St, Elwood, IN 46036, 4 beds, 2 baths

$189,000

4 beds2 baths1,476 sq ft

615 N Anderson St, Elwood, IN 46036

Property at 9835 Bryce Blvd, Pendleton, IN 46064, 3 beds, 2 baths

$390,000

3 beds2 baths2,032 sq ft

9835 Bryce Blvd, Pendleton, IN 46064

Property at 1300 N F St, Elwood, IN 46036, 3 beds, 1 bath

$205,000

3 beds1 bath2,000 sq ft

1300 N F St, Elwood, IN 46036

Property at 8780 Boylan Pl, Pendleton, IN 46064, 5 beds, 4.5 baths

$449,000

5 beds4.5 baths3,748 sq ft

8780 Boylan Pl, Pendleton, IN 46064

Property at 3104 E Lynn St, Anderson, IN 46016, 6 beds, 3 baths

$85,000

6 beds3 baths2,892 sq ft

3104 E Lynn St, Anderson, IN 46016

Property at 1019 W 9th St, Anderson, IN 46016, 3 beds, 2 baths

$90,000

3 beds2 baths1,830 sq ft

1019 W 9th St, Anderson, IN 46016

Property at 4669 W State Road 32, Anderson, IN 46011, 3 beds, 2.5 baths

$399,900

3 beds2.5 baths2,969 sq ft

4669 W State Road 32, Anderson, IN 46011

Property at 113 E Polk St, Alexandria, IN 46001, 2 beds, 1 bath

$69,000

2 beds1 bath1,026 sq ft

113 E Polk St, Alexandria, IN 46001

Property at 1421 W 5th St, Anderson, IN 46016, 2 beds, 1 bath

$65,000

2 beds1 bath975 sq ft

1421 W 5th St, Anderson, IN 46016

Property at 1222 Irving Way, Anderson, IN 46016, 2 beds, 1 bath

$56,000

2 beds1 bath1,090 sq ft

1222 Irving Way, Anderson, IN 46016

Property at 1685 Fair Weather Dr, Pendleton, IN 46064, 4 beds, 2.5 baths

$314,000

4 beds2.5 baths2,242 sq ft

1685 Fair Weather Dr, Pendleton, IN 46064

Property at 311 W 8th St, Anderson, IN 46016, 4 beds, 3.5 baths

$229,000

4 beds3.5 baths4,016 sq ft

311 W 8th St, Anderson, IN 46016

Property at 1803 E 10th St, Anderson, IN 46012, 4 beds, 2 baths

$184,900

4 beds2 baths2,678 sq ft

1803 E 10th St, Anderson, IN 46012

Property at 239 W 38th St, Anderson, IN 46013, 3 beds, 2 baths

$129,000

3 beds2 baths2,168 sq ft

239 W 38th St, Anderson, IN 46013

Property at 340 W 11th St, Anderson, IN 46016, 4 beds, 2.5 baths

$64,900

4 beds2.5 baths4,721 sq ft

340 W 11th St, Anderson, IN 46016

Property at 1820 Central Ave, Anderson, IN 46016, 3 beds, 3 baths

$85,000

3 beds3 baths2,643 sq ft

1820 Central Ave, Anderson, IN 46016

Property at 2100 E 38th St, Anderson, IN 46013, 2 beds, 1 bath

$64,900

2 beds1 bath2,655 sq ft

2100 E 38th St, Anderson, IN 46013

Property at 1023 Pendle Hill Ave, Pendleton, IN 46064, 3 beds, 2 baths

$315,000

3 beds2 baths1,819 sq ft

1023 Pendle Hill Ave, Pendleton, IN 46064

Property at 1151 E 650 S, Markleville, IN 46056, 3 beds, 2.5 baths

$299,900

3 beds2.5 baths2,860 sq ft

1151 E 650 S, Markleville, IN 46056

Property at 124 N Mustin Dr, Anderson, IN 46012, 3 beds, 2 baths

$244,900

3 beds2 baths1,855 sq ft

124 N Mustin Dr, Anderson, IN 46012

Property at 1226 E 600 N, Alexandria, IN 46001, 3 beds, 1.5 baths

$279,900

3 beds1.5 baths1,504 sq ft

1226 E 600 N, Alexandria, IN 46001

Property at 321 S Washington St, Anderson, IN 46017, 2 beds, 1.5 baths

$144,900

2 beds1.5 baths877 sq ft

321 S Washington St, Anderson, IN 46017

Property at 310 Stoner Dr, Anderson, IN 46013, 3 beds, 2 baths

$239,000

3 beds2 baths1,523 sq ft

310 Stoner Dr, Anderson, IN 46013

Property at 1507 W 7th St, Anderson, IN 46016, 2 beds, 4 baths

$199,900

2 beds4 baths3,568 sq ft

1507 W 7th St, Anderson, IN 46016

Property at 1666 Huntzinger Blvd, Pendleton, IN 46064, 3 beds, 2 baths

$309,900

3 beds2 baths1,804 sq ft

1666 Huntzinger Blvd, Pendleton, IN 46064

Property at 710 Henry St, Anderson, IN 46016, 3 beds, 1 bath

$109,900

3 beds1 bath864 sq ft

710 Henry St, Anderson, IN 46016

Property at 2703 Marsha Dr, Anderson, IN 46012, 3 beds, 2 baths

$179,900

3 beds2 baths1,372 sq ft

2703 Marsha Dr, Anderson, IN 46012

Property at 2701 E 8th St, Anderson, IN 46012, 8 beds, 5 baths

$425,000

8 beds5 baths2,668 sq ft

2701 E 8th St, Anderson, IN 46012

Property at 6416 S County Road 100 E, Markleville, IN 46056, 4 beds, 2.5 baths

$284,000

4 beds2.5 baths3,699 sq ft

6416 S County Road 100 E, Markleville, IN 46056

Property at 1673 Creek Bed Ln, Pendleton, IN 46064, 3 beds, 2.5 baths

$319,995

3 beds2.5 baths1,760 sq ft

1673 Creek Bed Ln, Pendleton, IN 46064

Property at 1908 Lora St, Anderson, IN 46013, 4 beds, 2 baths

$199,900

4 beds2 baths1,639 sq ft

1908 Lora St, Anderson, IN 46013

Property at 404 E Monroe St, Alexandria, IN 46001, 3 beds, 2.5 baths

$179,900

3 beds2.5 baths2,796 sq ft

404 E Monroe St, Alexandria, IN 46001

Viewing page 7 of 9

Based on information submitted to the MLS GRID as of Sun Nov 30 2025. 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 497 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 43 days and receive 1 offers. This map is refreshed with the newest listings in Madison County every 15 minutes.

In the past month, 144 homes have been sold in Madison County. In addition to houses in Madison County, there were also 19 condos, 0 townhouses, and 23 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

Cities

Nearby Counties

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

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

Why Redfin?

Community Impact

Diversity & Inclusion

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.