Cheap homes for sale & real estate in 46227, IN

144 homes + 2 early access

Sort:

Recommended

ABOUT THIS HOME
Cheap Home for sale in 46227, IN:
Well-maintained brick ranch located on a quiet dead-end street in Perry Township! Situated on 2 lots with almost an acre, this property offers extra space, privacy, mature landscaping, a greenhouse, and storage shed. Inside features spacious living areas, large windows for natural light, hardwood flooring, eat-in kitchen with stainless steel appliances and tile backsplash, separate dining room, and a cozy family room with brick fireplace. Peaceful setting with convenient access to shopping, dining, schools, and interstates.

$319,900

3 beds2.5 baths1,874 sq ft

0.92 acre lot • 2 garage spots • Built 1959

2202 Fairhope Dr, Indianapolis, IN 46227

ABOUT THIS HOME
Cheap Home for sale in 46227, IN:
Welcome to this well-maintained 2-bedroom, 1.5-bath condo located in a desirable Indianapolis community! This home offers comfortable living with a functional floor plan and convenient access to shopping, dining, entertainment, and major roadways. Enjoy the benefits of low-maintenance condo living with community amenities including a pool, clubhouse, and fitness center. Whether you are a first-time buyer, downsizing, or looking for an investment opportunity, this condo offers great value and convenience. Property is being sold AS-IS. Don't miss the opportunity to make this home yours!

$148,000

2 beds1.5 baths1,076 sq ft

Fitness center • Clubhouse • Community amenities

8001 Xenia Dr, Indianapolis, IN 46227

ABOUT THIS HOME
Cheap Home for sale in 46227, IN:
This one is a true gem! Perfect for investors, "house hackers, " or anyone at any step of their real estate journey. Discover a unique opportunity at 1944 E Epler Ave, Indianapolis, IN. This ready-to-move-in duplex offers an inviting home experience, blending classic charm with contemporary comfort. One side is currently occupied by a reliable, long-term renter, providing immediate income for an investor. The other side is move-in ready, ideal for an owner-occupant looking to house hack or a buyer wanting a turnkey rental. Recent upgrades include new siding and windows (2022) and a fully modernized electrical system (2024), giving buyers peace of mind on the big-ticket items. Beyo

$234,000

1 bed2 baths812 sq ft

Covered deck • Basement • Private yard

1944 E Epler Ave, Indianapolis, IN 46227

ABOUT THIS HOME
Cheap Home for sale in 46227, IN:
Don't miss this updated condo!! Cheaper the renting! 2 bedrooms, 2 baths, living rm and family rm, large patio area with privacy fence, community pool, private carport and street parking!! Located close to shopping, interstate, and entertainment!!

$160,000

2 beds2 baths1,168 sq ft

Large patio area • Community pool • Private carport

2813 Country Estates Dr, Indianapolis, IN 46227

3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in 46227, IN:
Enjoy comfortable, low-maintenance living in this well-maintained, one-level condo in the Country Estates community. This 2-bedroom, 1-bath home has been tastefully updated and features new luxury vinyl plank flooring throughout, giving the home a fresh, welcoming feel. The spacious living room opens to a private back patio, creating a nice spot to relax or spend time with guests. The kitchen and dining area offer plenty of space for meal prep or entertaining. You will love how the bedrooms are generously sized, with a large walk in closet in the primary bedroom. Recent updates include a new furnace, A/C, and vinyl plank flooring throughout the home, for added comfort and peace of mind. The

$155,000

2 beds1 bath960 sq ft

One level condo • Private back patio • $329 HOA

2822 Country Estates Dr, Indianapolis, IN 46227

Property at 801 Reda Rd, Indianapolis, IN 46227, 3 beds, 2 baths

$285,000

3 beds2 baths2,394 sq ft

801 Reda Rd, Indianapolis, IN 46227

Property at 1218 E Edwards Ave, Indianapolis, IN 46227, 3 beds, 2 baths

$250,000

3 beds2 baths2,925 sq ft

1218 E Edwards Ave, Indianapolis, IN 46227

Property at 54 Church St, Indianapolis, IN 46227, 3 beds, 3.5 baths

$399,000

3 beds3.5 baths2,680 sq ft

54 Church St, Indianapolis, IN 46227

Property at 3628 Marble Dr, Indianapolis, IN 46227, 4 beds, 1.5 baths

$239,900

4 beds1.5 baths1,761 sq ft

3628 Marble Dr, Indianapolis, IN 46227

Property at 957 E Cragmont Dr, Indianapolis, IN 46227, 3 beds, 3 baths

$325,000

3 beds3 baths3,086 sq ft

957 E Cragmont Dr, Indianapolis, IN 46227

Property at 5408 Singleton St, Indianapolis, IN 46227, 3 beds, 3.5 baths

$449,900

3 beds3.5 baths3,533 sq ft

5408 Singleton St, Indianapolis, IN 46227

Property at 3930 Brill Rd, Indianapolis, IN 46227, 3 beds, 2 baths

$290,000

3 beds2 baths1,880 sq ft

3930 Brill Rd, Indianapolis, IN 46227

Property at 26 Market St, Indianapolis, IN 46227, 3 beds, 2.5 baths

$298,000

3 beds2.5 baths2,248 sq ft

26 Market St, Indianapolis, IN 46227

Property at 740 E Epler Ave, Indianapolis, IN 46227, 2 beds, 1.5 baths

$289,900

2 beds1.5 baths1,200 sq ft

740 E Epler Ave, Indianapolis, IN 46227

Property at 438 Griffin Rd, Indianapolis, IN 46227, 3 beds, 2 baths

$385,000

3 beds2 baths3,019 sq ft

438 Griffin Rd, Indianapolis, IN 46227

Property at 6618 Twin Brooks Dr, Indianapolis, IN 46227, 4 beds, 2 baths

$252,000

4 beds2 baths1,447 sq ft

6618 Twin Brooks Dr, Indianapolis, IN 46227

Property at 206 Meridian Gardens Ln, Indianapolis, IN 46217, 3 beds, 2 baths

$235,000

3 beds2 baths1,220 sq ft

206 Meridian Gardens Ln, Indianapolis, IN 46217

Property at 8724 Shelby St, Indianapolis, IN 46227, 3 beds, 1.5 baths

$285,000

3 beds1.5 baths2,951 sq ft

8724 Shelby St, Indianapolis, IN 46227

Property at 2721 Palo Verde Ct, Indianapolis, IN 46227, 3 beds, 2 baths

$115,000

3 beds2 baths1,544 sq ft

2721 Palo Verde Ct, Indianapolis, IN 46227

Property at 5535 S State Ave, Indianapolis, IN 46227, 2 beds, 2 baths

$225,000

2 beds2 baths1,196 sq ft

5535 S State Ave, Indianapolis, IN 46227

Property at 157 E Hill Valley Dr, Indianapolis, IN 46227, 4 beds, 3 baths

$299,900

4 beds3 baths2,905 sq ft

157 E Hill Valley Dr, Indianapolis, IN 46227

Property at 8410 Armistead Ln, Indianapolis, IN 46227, 3 beds, 2 baths

$239,900

3 beds2 baths1,272 sq ft

8410 Armistead Ln, Indianapolis, IN 46227

Property at 915 Southwood Dr, Indianapolis, IN 46227, 2 beds, 1 bath

$240,000

2 beds1 bath1,104 sq ft

915 Southwood Dr, Indianapolis, IN 46227

Property at 7536 Lindenwood Dr, Indianapolis, IN 46227, 4 beds, 2.5 baths

$274,000

4 beds2.5 baths2,000 sq ft

7536 Lindenwood Dr, Indianapolis, IN 46227

Property at 611 Knox St, Indianapolis, IN 46227, 3 beds, 1.5 baths

$144,500

3 beds1.5 baths1,688 sq ft

611 Knox St, Indianapolis, IN 46227

Property at 8306 Corkwood Dr, Indianapolis, IN 46227, 4 beds, 2.5 baths

$299,900

4 beds2.5 baths2,622 sq ft

8306 Corkwood Dr, Indianapolis, IN 46227

Property at 3945 Aurora St, Indianapolis, IN 46227, 3 beds, 2 baths

$165,000

3 beds2 baths1,440 sq ft

3945 Aurora St, Indianapolis, IN 46227

Property at 2721 Del Prado Dr, Indianapolis, IN 46227, 2 beds, 1 bath

$100,000

2 beds1 bath968 sq ft

2721 Del Prado Dr, Indianapolis, IN 46227

Property at 2721 Country Estates Dr, Indianapolis, IN 46227, 2 beds, 1 bath

$139,900

2 beds1 bath1,088 sq ft

2721 Country Estates Dr, Indianapolis, IN 46227

Property at 7209 Shelby St, Indianapolis, IN 46227, 3 beds, 2.5 baths

$275,000

3 beds2.5 baths1,973 sq ft

7209 Shelby St, Indianapolis, IN 46227

Property at 2705 Del Prado Dr, Indianapolis, IN 46227, 2 beds, 2 baths

$99,900

2 beds2 baths966 sq ft

2705 Del Prado Dr, Indianapolis, IN 46227

Property at 745 Sparrow Ave, Indianapolis, IN 46227, 2 beds, 2 baths

$169,500

2 beds2 baths836 sq ft

745 Sparrow Ave, Indianapolis, IN 46227

Property at 7633 Singleton St, Indianapolis, IN 46227, 3 beds, 2.5 baths

$364,900

3 beds2.5 baths3,108 sq ft

7633 Singleton St, Indianapolis, IN 46227

Property at 48 Gazebo Dr, Indianapolis, IN 46227, 3 beds, 2 baths

$213,000

3 beds2 baths1,159 sq ft

48 Gazebo Dr, Indianapolis, IN 46227

Property at 2917 Country Estates Dr, Indianapolis, IN 46227, 2 beds, 1.5 baths

$158,999

2 beds1.5 baths1,088 sq ft

2917 Country Estates Dr, Indianapolis, IN 46227

Property at 149 Gazebo Dr, Indianapolis, IN 46227, 3 beds, 2 baths

$214,000

3 beds2 baths1,158 sq ft

149 Gazebo Dr, Indianapolis, IN 46227

Property at 120 White Lick Dr, Indianapolis, IN 46227, 3 beds, 2.5 baths

$242,000

3 beds2.5 baths1,494 sq ft

120 White Lick Dr, Indianapolis, IN 46227

Property at 3338 Montgomery Dr, Indianapolis, IN 46227, 3 beds, 2.5 baths

$249,900

3 beds2.5 baths1,454 sq ft

3338 Montgomery Dr, Indianapolis, IN 46227

Property at 70 E Southport Rd, Indianapolis, IN 46227, 3 beds, 2 baths

$305,000

3 beds2 baths1,910 sq ft

70 E Southport Rd, Indianapolis, IN 46227

Property at 3642 S New Jersey St, Indianapolis, IN 46227, 3 beds, 1.5 baths

$269,000

3 beds1.5 baths3,092 sq ft

3642 S New Jersey St, Indianapolis, IN 46227

Property at 43 E Cragmont Dr, Indianapolis, IN 46227, 3 beds, 1.5 baths

$260,000

3 beds1.5 baths1,586 sq ft

43 E Cragmont Dr, Indianapolis, IN 46227

Viewing page 3 of 4

Based on information submitted to the MLS GRID as of Sun Aug 23 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 46227

There are currently 146 cheap homes for sale in 46227 at a median listing price of $245K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 46227 stay on the market for 46 days and receive 1 offers. This map is refreshed with the newest listings in 46227 every 15 minutes.

In the past month, 55 homes have been sold in 46227. In addition to houses in 46227, there were also 29 condos, 1 townhouse, and 5 multi-family units for sale in 46227 last month. 46227 is a minimally walkable zip code in Marion County with a Walk Score of 37. 46227 is home to approximately 55,984 people and 23,985 jobs. Find your dream home in 46227 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 46227 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 46227. If you're looking to sell your home in the 46227 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 46227 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 46227, IN

Nearby Zip Codes

Cities

Nearby Zip Codes with Cheap Homes

Nearby Cities with Cheap Homes

More to explore in 46227, IN

How to buy a house in 46227, 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

Buy the right home at the right price near 46227 with a local Redfin real estate agent.

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.