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 316 Woodward Street, this beautifully renovated 4-bedroom, 3-bath home offers 2,592 square feet of move-in-ready living space with the major updates already completed for you. From the moment you step inside, you'll appreciate the fresh paint, brand-new flooring throughout, and bright, inviting spaces. The updated kitchen features brand-new appliances, making it ready for everything from everyday meals to holiday gatherings. Beyond the cosmetic updates, this home offers valuable peace of mind with a brand-new furnace and central air conditioning system backed by a 10-year warranty, plus a water heater that's only two years old. These major improvements mean you can enjoy your new

$299,900

4 beds3 baths2,592 sq ft

316 S Woodward St, Lapel, IN 46051

Updated kitchen • Brand-new furnace • Brand-new appliances

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
This traditional architectural style home offers timeless appeal, with a remodeled open concept living floor plan. The kitchen is designed for both everyday meals and entertaining, featuring sleek stainless steel appliances that complement any culinary endeavor. This property offers three comfortable bedrooms, all with walk in closets providing ample personal space. With two full bathrooms and an additional half bathroom, convenience is paramount. The two-story layout provides a thoughtful separation of living areas. Beyond the interior, the property includes a private yard on a quiet cul-de-sac offering a tranquil retreat for outdoor enjoyment. An attached garage provides convenience and s

$264,999

3 beds2.5 baths3,100 sq ft

5037 Timberwood Cirs, Anderson, IN 46012

Quiet cul-de-sac • Attached garage • Private yard

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

803 Park Rd, Anderson, IN 46011

Updated interior • Granite countertops • New ac

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Attention all all investors, flippers, and cash buyers! This 3-bedroom, 1-bath home sits on a corner lot in Anderson and is ready for a complete transformation. With solid potential and plenty of space to reimagine, this property is the perfect opportunity for your next fix-and-flip or rental investment. The home features a traditional layout with generously sized rooms and a covered front porch. While the property requires significant renovations, it offers a blank slate to create value and build equity.

$64,900

3 beds1 bath1,725 sq ft

1830 Walnut St, Anderson, IN 46016

Covered front porch • Corner lot • 4,860 sq ft lot

ABOUT THIS HOME
Cheap Home for sale in Madison County, IN:
Welcome home to this like-new ranch in Lapel! Built in 2024, this fully brick-wrapped single-level home offers over 1,922 square feet of well-designed, move-in-ready living space featuring 3 bedrooms and 2 full bathrooms. Step inside to an expansive Great Room with raised ceilings that effortlessly opens to the dining area and a modern kitchen complete with a center island-perfect for entertaining. Durable vinyl plank flooring flows seamlessly through the main living areas. Relax in the Sun room overlooking a pond. Step outside to a fully fenced, landscaped backyard featuring an open patio equipped with an electronic retractable awning. This turn-key home comes with all appliances, blinds,

$350,000

3 beds2.5 baths1,922 sq ft

505 Persimmon Pass, Lapel, IN 46051

Fully brick-wrapped • Sun room • Expansive great room

Property at 5 Windridge, Anderson, IN 46011, 4 beds, 2.5 baths

$349,900

4 beds2.5 baths2,516 sq ft

5 Windridge, 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 1309 Pearl St, Anderson, IN 46016, 3 beds, 3 baths

$109,997

3 beds3 baths3,956 sq ft

1309 Pearl St, Anderson, IN 46016

Property at 908 Washington Pkwy, Elwood, IN 46036, 2 beds, 1 bath

$43,900

2 beds1 bath684 sq ft

908 Washington Pkwy, Elwood, IN 46036

Property at 512 W Washington St, Alexandria, IN 46001, 3 beds, 2 baths

$244,900

3 beds2 baths2,360 sq ft

512 W Washington St, Alexandria, IN 46001

Property at 2312 N 200 E, Anderson, IN 46012, 3 beds, 2 baths

$284,900

3 beds2 baths1,920 sq ft

2312 N 200 E, Anderson, IN 46012

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 2317 Jackson St, Anderson, IN 46016, 4 beds, 1.5 baths

$117,500

4 beds1.5 baths2,951 sq ft

2317 Jackson St, Anderson, IN 46016

Property at 1811 Main St, Anderson, IN 46016, 4 beds, 1 bath

$117,500

4 beds1 bath1,505 sq ft

1811 Main St, Anderson, IN 46016

Property at 1409 W 14th St, Anderson, IN 46016, 4 beds, 1.5 baths

$156,500

4 beds1.5 baths3,416 sq ft

1409 W 14th St, Anderson, IN 46016

Property at 2908 Central Ave, Anderson, IN 46016, 2 beds, 1 bath

$27,500

2 beds1 bath810 sq ft

2908 Central Ave, Anderson, IN 46016

Property at 1305 Nichol Ave, Anderson, IN 46016, 4 beds, 1.5 baths

$106,500

4 beds1.5 baths2,004 sq ft

1305 Nichol Ave, Anderson, IN 46016

Property at 1504 W 11th St, Anderson, IN 46016, 3 beds, 1 bath

$139,997

3 beds1 bath2,397 sq ft

1504 W 11th St, Anderson, IN 46016

Property at 1916 Main St, Anderson, IN 46016, 4 beds, 1 bath

$139,900

4 beds1 bath2,148 sq ft

1916 Main St, Anderson, IN 46016

Property at 1202 E 8th, Anderson, IN 46012, 6 beds, 3608 baths

$179,000

6 beds3608 baths4,444,992 sq ft

1202 E 8th, Anderson, IN 46012

Property at 604 Hendricks St, Anderson, IN 46016, 5 beds, 3 baths

$170,000

5 beds3 baths2,006 sq ft

604 Hendricks St, Anderson, IN 46016

Property at 2436 Brown St, Anderson, IN 46016, 2 beds, 1 bath

$129,900

2 beds1 bath884 sq ft

2436 Brown St, Anderson, IN 46016

Property at 121 Cardinal Ln, Alexandria, IN 46001, 3 beds, 2.5 baths

$295,000

3 beds2.5 baths2,182 sq ft

121 Cardinal Ln, Alexandria, IN 46001

Property at 1909 W 27th, Anderson, IN 46016, 3 beds, 2 baths

$215,000

3 beds2 baths1,858 sq ft

1909 W 27th, Anderson, IN 46016

Property at 1615 Avenue East St, Elwood, IN 46036, 3 beds, 1.5 baths

$165,000

3 beds1.5 baths1,120 sq ft

1615 Avenue East St, Elwood, IN 46036

Property at 1512 Ohio Ave, Anderson, IN 46016, 2 beds, 1 bath

$19,000

2 beds1 bath1,449 sq ft

1512 Ohio Ave, Anderson, IN 46016

Property at 817 W 5th St, Anderson, IN 46016, 5 beds, 2 baths

$225,000

5 beds2 baths3,454 sq ft

817 W 5th St, Anderson, IN 46016

Property at 815 Stewart Rd, Anderson, IN 46012, 3 beds, 2 baths

$327,000

3 beds2 baths1,786 sq ft

815 Stewart Rd, Anderson, IN 46012

Property at 1610 Central Ave, Anderson, IN 46016, 2 beds, 1 bath

$60,000

2 beds1 bath975 sq ft

1610 Central Ave, Anderson, IN 46016

Property at 3419 Village Dr, Anderson, IN 46011, 2 beds, 2 baths

$219,000

2 beds2 baths1,267 sq ft

3419 Village 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 7185 Theo Baker Blvd, Pendleton, IN 46064, 5 beds, 2.5 baths

$396,900

5 beds2.5 baths2,600 sq ft

7185 Theo Baker Blvd, Pendleton, IN 46064

Property at 616 Ellenhurst Dr, Anderson, IN 46012, 1 bed, 1 bath

$30,000

1 bed1 bath520 sq ft

616 Ellenhurst Dr, Anderson, IN 46012

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 217 Ringwood Way, Anderson, IN 46013, 3 beds, 1 bath

$139,000

3 beds1 bath1,670 sq ft

217 Ringwood Way, Anderson, IN 46013

Property at 14 Windridge St, Anderson, IN 46011, 4 beds, 3.5 baths

$349,900

4 beds3.5 baths3,690 sq ft

14 Windridge St, Anderson, IN 46011

Property at 607 Ellenhurst Dr, Anderson, IN 46012, 2 beds, 1 bath

$109,900

2 beds1 bath760 sq ft

607 Ellenhurst Dr, Anderson, IN 46012

Property at 1515 Pearl St, Anderson, IN 46016, 3 beds, 2 baths

$161,000

3 beds2 baths1,346 sq ft

1515 Pearl St, Anderson, IN 46016

Property at 9940 W Sunset Ln, Elwood, IN 46036, 3 beds, 2 baths

$289,900

3 beds2 baths1,536 sq ft

9940 W Sunset Ln, Elwood, IN 46036

Property at 1214 Stonebridge Dr, Anderson, IN 46013, 3 beds, 2 baths

$232,500

3 beds2 baths1,282 sq ft

1214 Stonebridge Dr, Anderson, IN 46013

Property at 9 Dixie Dr, Anderson, IN 46016, 2 beds, 1 bath

$120,000

2 beds1 bath1,842 sq ft

9 Dixie Dr, Anderson, IN 46016

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Based on information submitted to the MLS GRID as of Wed Sep 16 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 638 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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