Lafayette Homes under $500,000

Welcome to Lafayette, Indiana, a vibrant city nestled in the heart of Tippecanoe County, where small-town charm meets big-city amenities. Known for its rich history, friendly community, and beautiful landscapes, Lafayette offers an ideal backdrop for families, young professionals, and retirees alike. With its thriving arts scene, diverse dining options, and numerous parks, there’s always something to explore in this dynamic city.

Lafayette boasts a range of homes under $500,000, making it an attractive destination for homebuyers seeking affordability without sacrificing quality. From cozy bungalows to spacious family homes, this city has a variety of architectural styles to suit every taste. Many properties feature modern amenities and are situated in well-established neighborhoods, providing a sense of community and accessibility to local schools, shopping centers, and recreational facilities.

One of Lafayette’s highlights is its proximity to Purdue University, which infuses the city with youthful energy and provides an array of cultural events and educational opportunities. The city is also known for its beautiful parks, such as the scenic Columbian Park, where residents can enjoy picnics, walking trails, and playgrounds.

Whether you’re looking to settle down in a family-friendly environment or invest in a growing community, Lafayette offers a welcoming atmosphere and a range of real estate options to fit your needs. Explore the charm of Lafayette today and discover your perfect home in this delightful Indiana city!

Newest Lafayette Homes under $500,000

$307,000

3 Beds ⋅ 3 Baths ⋅ 202641016 MLS ⋅ 1,760 SqFt. ⋅ Tabitha Casto

Experience the joy of new construction in this stunning home, now complete and ready for you to make lasting memories! The open main level floorplan is perfect for entertaining, featuring a delightful kitchen with solid surface countertops, stainless steel appliances, a center island, and a spacious walk-in pantry. The expansive great room, dining area, and inviting entryway with a ventless fireplace provide a flexible living space for your needs. Retreat to the second floor where all three bedrooms await, ensuring comfort and privacy away from the main living area. Each home showcases distinct architecture and vibrant exterior colors, creating a unique sense of community. Embrace 21st-century living in the charming and peaceful historic Ellsworth Romig neighborhood, just minutes from downtown. Enjoy leisurely walks or bike rides to your favorite locally owned restaurants, parks, downtown Farmer's Market, Main Street festivals and all things historic Lafayette! Relish the convenience of having Miller Elementary just a block away for your kids. This home offers the perfect blend of modern living in a historic setting. Truly a unique place to call your own! HOA includes lawn car and snow removal and is $75/mo.

603 S 3rd St, Lafayette

Listing courtesy of Tabitha Casto from TruVant Realty.

$219,000

3 Beds ⋅ 1 Baths ⋅ 202640984 MLS ⋅ 960 SqFt. ⋅ Eric Seymour

Welcome home to 711 Park Avenue, a charming one-story Lafayette home offering comfortable living spaces, great outdoor areas and an outstanding location just two blocks from Columbian Park in the heart of Lafayette! A welcoming 32' x 10' covered front porch stretches across the front of the home, providing the perfect spot to relax and enjoy the outdoors. Step inside to find luxury vinyl plank flooring throughout and neutral paint and a spacious living room filled with natural light. The adjoining kitchen offers an abundance of white cabinetry, generous counter space, a complete suite of bright white appliances, a window over the sink and an efficient galley-style layout. Beyond the main living areas, a large family room provides additional space for movie nights, entertaining or simply spreading out. Or use it for dining space! The home features three bedrooms and one full remodeled bath, while the full basement is ready for your creativity! Imagine additional living space, a hobby or craft area, workout space, workshop or plenty of organized storage. The basement also features a separated laundry area, giving you a great head start on making the lower level work for your needs. An important recent improvement is the updated HVAC system in 2025. Outdoor living is another highlight! In addition to the expansive front porch, enjoy a screened porch, backyard firepit area and storage shed for lawn equipment, bikes and seasonal items. A one-car garage provides additional off-street parking and storage. And the location is hard to beat! Just two blocks from Columbian Park, you'll have convenient access to the Columbian Park Zoo, Tropicanoe Cove and Loeb Stadium for baseball season, plus the park's many recreational amenities and festivals. Downtown Lafayette, Purdue University, shopping and dining are also just minutes away. With flexible living space upstairs and down, inviting outdoor areas, updated HVAC and a fantastic location near some of Lafayette's favorite attractions, 711 Park Avenue is ready to welcome you home!

711 Park Ave, Lafayette

Listing courtesy of Eric Seymour from BerkshireHathaway HS IN Realty. Cell: 765-490-8460

$295,000

3 Beds ⋅ 2 Baths ⋅ 202640976 MLS ⋅ 1,408 SqFt. ⋅ Kimberly Beazer

Privacy and modern comfort meet in this well-maintained 3-bedroom, 2-bath ranch built in 2014! Offering over 1,400 sq. ft. of thoughtfully designed living space, this home stands out from the rest thanks to its premier lot location with no rear neighbors and an open grassy area directly to the right. Step inside to an airy, open-concept great room featuring cathedral ceilings that seamlessly flow into the bright eat-in kitchen. The popular split-bedroom floor plan ensures maximum privacy for the primary suite, which includes an en-suite bath and ample closet space. Sliders off the kitchen lead directly to a patio and fully picket-fenced backyard—perfect for relaxing, entertaining, or letting pets roam freely with a serene, open-air feel. Complete with a 2-car attached garage and an unbeatable setting. Move-in ready and priced to sell—schedule your showing today!

3110 Daugherty Dr, Lafayette

Listing courtesy of Kimberly Beazer from F.C. Tucker/Shook.

$199,900

3 Beds ⋅ 2 Baths ⋅ 202640972 MLS ⋅ 1,584 SqFt. ⋅ Amy Brown

Built in 1890, this three-bedroom, two-full-bath home has the kind of character you just can’t build into a new one. Inside, you’ll find open living and dining areas, a kitchen with granite countertops, and a mix of tile and original hardwood floors throughout. Outside, there’s a fenced backyard, plus a two-car detached garage, all sitting on a .16-acre lot in Lafayette. It’s got history. It’s got personality. And it’s ready for its next chapter. Buyer to confirm schools & measurements. Pictures coming Monday.

2006 Vinton St, Lafayette

Listing courtesy of Amy Brown from The Wyman Group. Cell: 260-571-9109

$264,900

3 Beds ⋅ 2 Baths ⋅ 202640951 MLS ⋅ 1,350 SqFt. ⋅ Amy Junius-Humbaugh

Welcome to this charming 3-bedroom, 2-bathroom ranch located just minutes from the vibrant downtown community! The property features a welcoming front porch and the main spaces include an open concept floor plan, 9' ceilings and spacious kitchen with ample cabinetry, tile backsplash, an island and modern stainless steel appliances. The spacious owner's suite has a walk-in closet and ensuite bath. There is a private, backyard patio -- perfect for grilling, a small garden or your bistro table. The oversized two-car garage is a standout feature, equipped with a utility sink, pull-down attic access and a heavy-duty, Fort Knox safe is included in the sale. Additionally, the property offers two exterior storage sheds. Don't miss this opportunity for easy living in a great location.

401 Erie St, Lafayette

Listing courtesy of Amy Junius-Humbaugh from F.C. Tucker/Shook.

$459,900

3 Beds ⋅ 2 Baths ⋅ 202640941 MLS ⋅ 2,094 SqFt. ⋅ Kevin Weaver

Majestic Homes proudly presents Chesapeake Pointe SD and the Santee model. The Santee is a ranch-style beauty! Boasting 2094 square feet, the Santee has much to offer.... from outstanding curb appeal to an open floor plan to the large rear covered porch, it truly has something for everyone. The handsome kitchen has gleaming quartz countertops, custom cabinetry, stainless appliances and peninsula island. The owner’s suite offers a large double vanity, glorious tiled shower, walk-in closet and a private water closet. BR’s 2 & 3, both w/ walk-in closets, share a Jack & Jill bath and have individual vanity spaces. All this, coupled with a mud room, laundry, half bath and 3-car garage, make this home a must see. TSC Schools!

808 Ravenstone Dr, Lafayette

Listing courtesy of Kevin Weaver from F.C. Tucker/Shook.

$314,900

3 Beds ⋅ 2 Baths ⋅ 202640898 MLS ⋅ 1,910 SqFt. ⋅ Shelley Molter

Welcome to this beautifully maintained, 1,910 sq. ft. split-bedroom ranch offering 3 bedrooms, 2 full baths, 2 car garage and an inviting open floor plan. The spacious living room features a cozy gas log fireplace and overlooks the backyard, flowing seamlessly into the dining area and kitchen, complete with stainless steel appliances and solid surface countertops. The primary suite offers a private retreat with dual closets, a double vanity, and a walk-in shower. Step outside to your own backyard oasis, perfect for entertaining or relaxing, featuring a patio, pergola, and in-ground swimming pool. Enjoy peace of mind with several major updates, including a roof and furnace approximately 10 years old, a water heater just 3 years old, and an A/C unit only 1 year old. This well-cared-for home offers the perfect combination of comfort, functionality, and outdoor enjoyment!

3524 Round Rock Cir, Lafayette

Listing courtesy of Shelley Molter from The Real Estate Agency. Agt: 765-479-3773

$335,000

4 Beds ⋅ 3 Baths ⋅ 202640883 MLS ⋅ 2,301 SqFt. ⋅ Sherry Cole

This 4-bedroom, 2.5-bathroom home with an unfinished basement is nestled on a shaded 0.41-acre lot in the Sanctuary neighborhood. Step into a light-filled, two-story foyer with soaring vaulted ceilings and stylish wood-look flooring throughout the main level. The bright kitchen features white cabinetry, a center island, stainless steel appliances, and a built-in desk nook, opening into a cozy family room anchored by a classic brick fireplace. Additional main-floor highlights include a dedicated home office and convenient laundry space. Upstairs, the primary bedroom boasts a massive walk-in closet and an ensuite bath featuring a double vanity, soaking tub, and separate shower. Complete with a private, tree-lined backyard deck for outdoor entertaining.

2301 Wigeon Dr, Lafayette

Listing courtesy of Sherry Cole from Keller Williams Lafayette. Agt: 765-426-9442

$275,000

3 Beds ⋅ 2 Baths ⋅ 202640809 MLS ⋅ 1,206 SqFt. ⋅ Samuel McClellan

Welcome to this charming 3-bedroom, 2-bath ranch conveniently located on the south side of Lafayette! This 1,206 sq. ft. single-level home offers a comfortable open-concept layout with the kitchen, dining area, and living room flowing seamlessly together—perfect for everyday living and entertaining. The home features generously sized bedrooms, two updated bathrooms, an attached 2-car garage, and a welcoming front porch. Situated on a large, fenced-in lot at the end of a cul-de-sac, this property offers plenty of outdoor space and privacy. The backyard opens directly to a church yard, creating an open feel beyond the fenced yard. Numerous updates provide peace of mind, including remodeled bathrooms and updated trim in 2023, HVAC in 2019, water heaters in 2018, dishwasher in 2024, and a new garage door and opener in 2026. Don't miss the opportunity to make this well-maintained south-side Lafayette ranch your new home!

3311 Crosspoint Ct S, Lafayette

Listing courtesy of Samuel McClellan from eXp Realty, LLC.

$275,000

3 Beds ⋅ 2 Baths ⋅ 202640700 MLS ⋅ 1,896 SqFt. ⋅ Sheila Huerta Eriza

Welcome to 1816 N 17th St! This beautifully updated home sits on TWO LOTS and offers plenty of space inside and out. Major improvements include a NEW roof, driveway, sidewalk, and updated grading designed to help direct water away from the home. Inside, you'll find new luxury vinyl plank flooring throughout, raised ceilings, updated insulation, and a beautifully renovated kitchen featuring tall white soft-close shaker cabinets, white quartz countertops, and brand-new appliances. The home offers two spacious living areas, a separate dining room, three generously sized bedrooms, and two beautifully renovated bathrooms. The second living room offers excellent flexibility and could easily function as a 4th bedroom and primary suite with the addition of a door. With extensive updates, flexible living space, a large yard, and an additional lot offering even more possibilities, this home is ready for its next owner! 1 year home warranty!

1816 N 17th St, Lafayette

Listing courtesy of Sheila Huerta Eriza from AMR Real Estate, LLC. Cell: 773-936-7416

$359,900

4 Beds ⋅ 3 Baths ⋅ 202640684 MLS ⋅ 2,158 SqFt. ⋅ Lauren Alexander

Exceptionally maintained and thoughtfully updated, this traditional two-story home offers four spacious bedrooms, 2½ baths, and inviting spaces inside and out. The main floor features an office/den just off the foyer, a formal dining room, and an open kitchen and living room ideal for everyday living and entertaining. Updated kitchen, bathrooms, and flooring complement newer windows, exterior doors, and roof, while the HVAC system and water heater are only three years old. Upstairs, four generously sized bedrooms and two fully updated bathrooms provide room to unwind. The standout feature is the beautiful outdoor hardscape with a fireplace, extending your living space and creating the perfect setting for gatherings or quiet evenings at home. Situated on a quiet cul-de-sac in popular Brookfield Heights, this home also enjoys access to a neighborhood park.

5026 Brittania Ct, Lafayette

Listing courtesy of Lauren Alexander from Encore Sotheby's International.

$319,900

3 Beds ⋅ 2 Baths ⋅ 202640678 MLS ⋅ 1,782 SqFt. ⋅ Ken Cary

Enjoy 2.2 acres to spread out on Lafayette’s desirable east side! This 3-bedroom, 2-bath home offers two living rooms, an office, and a spacious kitchen, providing plenty of flexibility for everyday living, working, and gathering. The generously sized primary bedroom features a walk-in closet and an updated bathroom with a soaking tub and separate walk-in shower—a comfortable retreat to relax and unwind. Two additional bedrooms offer comfortable space, while beautiful views from every window and peaceful surroundings add to the home’s appeal. Outside, there’s room for outdoor living, gardening, and recreation, while a detached pole barn provides flexible space for storage, hobbies, or a workshop. Located in the Hershey Elementary, East Tipp Middle, and Harrison High School district, this property brings together acreage, comfort, and a sought-after location. Come explore the possibilities!

10911 E 200 N Rd, Lafayette

Listing courtesy of Ken Cary from Keller Williams Realty Group. ken@caryteamrealty.com

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of 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. Some listings have been excluded from this website.