West Lafayette Homes under $500,000

Welcome to West Lafayette, Indiana, a vibrant city nestled in the heart of Tippecanoe County! Known for its rich academic culture, West Lafayette is home to Purdue University, which infuses the area with youthful energy and innovation. With its picturesque parks, diverse dining options, and a strong sense of community, West Lafayette offers an inviting atmosphere for families, students, and professionals alike.

One of the most appealing aspects of West Lafayette is the accessibility to homes under $500,000. Whether you’re a first-time homebuyer, looking to downsize, or searching for a family-friendly neighborhood, you’ll find a variety of charming residences that fit your budget. From cozy bungalows to modern townhomes, the real estate market here is filled with options that cater to various lifestyles and preferences.

Imagine living just minutes away from the beautiful Wabash River, where you can enjoy scenic walks, picnics, and outdoor activities. The city boasts excellent schools, making it a perfect place for families seeking quality education for their children. With a vibrant arts scene, numerous community events, and a plethora of recreational opportunities, West Lafayette truly has something for everyone.

Moreover, the strong sense of community and the welcoming spirit of its residents make West Lafayette a wonderful place to call home. With homes available under $500,000, now is the perfect time to explore the possibilities in this charming city. Come discover your dream home in West Lafayette, where community, culture, and comfort come together seamlessly!

Newest West Lafayette Homes under $500,000

$335,000

3 Beds ⋅ 3 Baths ⋅ 202640868 MLS ⋅ 1,920 SqFt. ⋅ Ronda Mattox

Don't miss out on this beautiful home offering an open concept layout with a spacious great room and cozy fireplace. The kitchen includes a breakfast bar, eat-in dining area, and stainless steel appliances. Laminate flooring enhances the main level, and the second floor features all new carpet. The large master bedroom includes a walk-in closet, and the impressive 16x14 loft provides excellent additional living space. Enjoy great curb appeal with new landscaping, a 4x20 covered front porch, and a privacy-fenced backyard with both a 12x10 patio with pergola and an additional 11x10 open patio. The backyard overlooks a gorgeous pond, perfect for relaxing and unwinding. This home is just minutes from Purdue University, shopping, restaurants, and all the amenities West Lafayette has to offer.

617 Elijah St, West Lafayette

Listing courtesy of Ronda Mattox from Keller Williams Lafayette. Agt: 765-490-7933

$352,900

3 Beds ⋅ 3 Baths ⋅ 202640855 MLS ⋅ 2,052 SqFt. ⋅ Chris Scheumann

Welcome to this beautiful new construction two-story home located in the desirable Meadows at Timberbrook community in West Lafayette. Offering 2,052 square feet of thoughtfully designed living space, this three-bedroom, two-and-a-half-bath home blends modern comfort with functional design. Step inside to find nine-foot ceilings and an open-concept layout filled with natural light from large windows. The main living areas feature durable vinyl flooring, while a bright sunroom provides the perfect space to relax or entertain. Additional highlight includes a dual-zone HVAC system for enhanced comfort and efficiency. Large open patio provides additional outdoor relaxation and entertainment space. The kitchen is designed to impress, featuring a large island with seating, solid surface countertops, a gooseneck faucet, custom cabinetry, stainless steel appliances, and not one but two pantries for exceptional storage. Upstairs, the conveniently located laundry room sits near all bedrooms. The hall bathroom includes a double vanity and a tub/shower combination. The spacious primary suite offers a private retreat with a full bath that includes a dual vanity, walk-in shower, and two generous walk-in closets. Ideally situated within a mile of local elementary, middle, and high schools, this home also offers easy access to Purdue University, shopping, dining, parks, the community wellness center, and major highways including US 52 and I-65. A landscaping package and home warranty are included for added value and peace of mind. All offers must be transferred to a builder’s agreement.

5910 Elswick, West Lafayette

Listing courtesy of Chris Scheumann from Timberstone Realty.

$419,000

4 Beds ⋅ 3 Baths ⋅ 202640616 MLS ⋅ 3,558 SqFt. ⋅ Robyn Bower

Welcome to 16 Flowermound Drive, where spacious living, thoughtful design, and a connected West Lafayette lifestyle come together. Located in a desirable golf course community of Winding Creek, this ranch-style home offers more than 3,500 square feet of finished living space with a basement designed for both everyday comfort and memorable gatherings. Step inside to an open-concept main level highlighted by vaulted ceilings, a split-bedroom floor plan, and inviting spaces that flow easily from room to room. With 4 bedrooms plus a dedicated den/office and 3 bathrooms, the layout offers flexibility for working from home, hobbies, guests, or additional living space. Two fireplaces add warmth and character throughout the home. The finished basement expands the possibilities even further, featuring multiple flex spaces ideal for entertaining, recreation, movie nights, game days, or hosting overnight guests. A wet bar creates a natural gathering spot and makes the lower level feel like an extension of the main living space rather than simply a basement. Outside, the covered patio provides a comfortable place to relax, dine outdoors, or enjoy the surroundings in nearly any season. Beyond the home itself, the location places you close to so much of what makes West Lafayette convenient and connected including schools, shopping, restaurants, local farmers markets, recreation, and Purdue University. Whether you're spending a quiet evening at home, gathering around the fireplace, entertaining downstairs, or heading out to enjoy our community, 16 Flowermound Drive offers the space and versatility to make it your own. Some photos have been virtually staged to help buyers with a visual idea for furniture placement and or design ideas.

16 Flowermound Dr, West Lafayette

Listing courtesy of Robyn Bower from The Real Estate Agency. Agt: 765-337-3960

$339,900

3 Beds ⋅ 3 Baths ⋅ 202640476 MLS ⋅ 2,370 SqFt. ⋅ Sherry Cole

This exceptional 3-bedroom, 2.5-bathroom home in West Lafayette’s desirable Prophets Ridge neighborhood is situated in the highly desirable Harrison High School district and just a short drive from Purdue University. The home features a welcoming main level complete with a front living room, a bright eat-in kitchen with a center island, and a spacious family room anchored by a cozy fireplace. Upstairs, you'll find a versatile 24' x 16' loft space, which is ideal for a play area, home gym, or second media lounge. The generous primary suite boasts a double-vanity ensuite bath and a large walk-in closet. Relax on the back patio and enjoy the built-in stone fire pit. Only a short walk to the peaceful subdivision pond.

4788 Elijah St, West Lafayette

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

$374,900

3 Beds ⋅ 2 Baths ⋅ 202640430 MLS ⋅ 2,008 SqFt. ⋅ Christopher Peterson

Welcome to Hartwood Village! This beautifully maintained 3-bedroom, 2-bath ranch offers over 2,000 square feet of comfortable living space and an inviting open-concept layout. The spacious kitchen features custom cabinetry, subway tile backsplash, a large island with abundant counter space, and stainless-steel appliances. The kitchen flows seamlessly into the dining and living areas, creating an ideal space for everyday living and entertaining. The spacious primary suite includes a private bath with dual vanities, a walk-in closet, and a large ceramic tile shower. Additional highlights include vinyl plank flooring, a main-level laundry room, 2-car attached garage, and a level 0.19-acre lot. Located in the desirable Hartwood Village community with easy access to Hwy 65 and convenient to West Lafayette and Purdue. HOA provides lawn care and maintains the community.

115 Aqueduct Cir, West Lafayette

Listing courtesy of Christopher Peterson from Keller Williams Lafayette. Agt: 219-869-7229

$296,000

3 Beds ⋅ 2 Baths ⋅ 202640027 MLS ⋅ 1,873 SqFt. ⋅ Matthew Brown

Elegant 3-bedroom, 2 bath ranch home overlooking golf course with 12-foot ceilings in most rooms and bright with natural light. Open-concept floor plan, great room offers gas log fireplace and is open to kitchen and breakfast nook. Huge main suite with whirlpool garden tub and separate shower, private entrance to patio. Per former listing, updates as of 2023 include new roof, windows and all new paint! Located on the Ravines golf course. Local recreation including Martell Forest, Ross Hills Park, Fort Ouiatenon. PLUMBING SYSTEM DOES NOT HOLD PRESSURE.

16 Adeway Ct, West Lafayette

Listing courtesy of Matthew Brown from Tom Hayes Realty. Cell: 765-210-2959

$310,000

4 Beds ⋅ 3 Baths ⋅ 202639990 MLS ⋅ 1,760 SqFt. ⋅ Stacy Grove

Ample square footage in Bar Barry Heights, West Lafayette, Indiana! The main level features a living room/dining room combo with great natural light, and sliders to the backyard. Kitchen features newer appliances. Three bedrooms and two full bathrooms upstairs. Downstairs, the lower-level family room adds extra living space and includes a fireplace (never used and not warranted), plus a laundry room and half bathroom. HVAC was replaced in 2022 with high-efficiency heat pump. Water softener. Completely fenced yard and storage shed. The extra-deep garage provides space for vehicles plus a workbench, storage shelving, or recreational gear. Don't miss this home, conveniently located on the West Lafayette trail system with access to Purdue, and in the award-winning West Lafayette Community School Corporation.

856 Barlow St, West Lafayette

Listing courtesy of Stacy Grove from @properties.

$299,900

4 Beds ⋅ 3 Baths ⋅ 202639873 MLS ⋅ 1,728 SqFt. ⋅ Sherry Cole

Located in the highly desirable West Lafayette School Corporation, this classic 4-bedroom, 1.5-bathroom two-story home offers unbeatable convenience just minutes from Purdue University, local walking trails, the West Lafayette Farmers Market, and the West Lafayette Athletic Complex. Inside, you'll find open-concept living and dining areas filled with natural light, along with sliding glass door access leading directly to the yard. The functional kitchen features solid wood cabinetry and an adjoining dining space, while four generous upstairs bedrooms offer plenty of room to grow. Full of potential and ready for your personal touch, this property is ideal as a primary residence or a smart investment near campus.

977 Devon St, West Lafayette

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

$416,900

3 Beds ⋅ 3 Baths ⋅ 202639772 MLS ⋅ 2,502 SqFt. ⋅ Chris Scheumann

So much space! This charming, like new, former model home boasts 2,052 square feet above ground and another 450 square feet of finished basement space! Located in West Lafayette and nestled less than a mile from Burnett Creek Elementary School, Battle Ground Middle School, and Harrison High School. This beautiful home features 3 spacious bedrooms, 3.5 baths, a bright sunroom that can be utilized for more living room space or a den, an open floor plan, 9' ceilings, vinyl flooring in living areas, dual zone HVAC system for energy efficiency and comfort, and a Triton water softener. Upgraded kitchen boasts granite countertops, custom cabinetry, stainless steel appliances, not one, but two pantries for your storage needs, and a massive kitchen island with convenient additional seating options. Finished basement with full bath and large open area reveals endless possibilities for other wish list space options. Owner's suite features dual vanity, walk-in shower, and not one, but two walk-in closets! Laundry room with window and natural light is located upstairs for functional every day living. Large low maintenance deck leads into a spacious backyard for outdoor entertaining. Easy access to dining, shopping, local wellness center, I65/ US 52, and Purdue University. Sale includes a home structural warranty and landscaping. Schedule your tour today to make a fresh new start in your very own brand new home!

5915 Rapallo 276 Mat Dr, West Lafayette

Listing courtesy of Chris Scheumann from Timberstone Realty.

$379,900

3 Beds ⋅ 3 Baths ⋅ 202639764 MLS ⋅ 2,106 SqFt. ⋅ Dustin Robinson

Welcome to 2941 Morallion Drive in West Lafayette! This inviting home offers a great combination of comfort, space, and convenience, located just minutes from Purdue University, shopping, and local restaurants. Inside, you’ll find multiple living spaces with plenty of room to relax, entertain, or spread out. The spacious primary suite offers a comfortable retreat, and recent updates include a new furnace, new A/C, and fresh paint. Outside, enjoy the large privacy-fenced backyard, perfect for relaxing, entertaining, or enjoying some extra outdoor space. The home is tucked away in a quiet neighborhood with a park and pond, while still being close to everything West Lafayette has to offer. Come take a look and see what makes this home such a great place to call home!

2941 Morallion Dr, West Lafayette

Listing courtesy of Dustin Robinson from Lafayette Listing Realty LLC.

$299,900

3 Beds ⋅ 2 Baths ⋅ 202639444 MLS ⋅ 1,376 SqFt. ⋅ Billy Brand

We are proud to present a smartly refreshed and recently updated ranch style home in the WLAF public schools district of West Lafayette. Covington Street is a quiet established neighborhood location that is near to public bus route, PayLess and Fresh Thyme grocery stores, the John R. Dennis Wellness Center featuring indoor pool, fitness opportunities and reservable facilities for groups. The exterior also features a covered front entry with room for a couple rocking chairs, a concrete rear patio with sun sail (seasonally installed), in ground mounted gas grill, a 12x8 yard shed. In the kitchen you will find stainless front appliances and a ceramic tile backsplash. Recent wastewater line replacement completed September of this year with several cleanup access points. Recent updates include: on demand gas tankless gas water heater, newer furnace and AC units and water softener (2020), updated vinyl double pane windows, and vinyl plank flooring and carpets in the bedrooms.

2824 Covington St, West Lafayette

Listing courtesy of Billy Brand from Concord Realty Group.

$224,000

2 Beds ⋅ 3 Baths ⋅ 202639348 MLS ⋅ 1,369 SqFt. ⋅ Yu Gao

Freshly updated in the desirable Camelback community and located within the sought-after West Lafayette School District, 415 Trace Four offers convenient, low-maintenance living just minutes from Purdue University, Celery Bog, shopping, dining, golf, and everyday amenities. This two-story condo features 1,369 square feet, two bedrooms, 2.5 baths, and an attached one-car garage. Recent improvements include fresh interior paint throughout and brand-new luxury vinyl plank flooring throughout the entire second floor, staircase, and kitchen. The kitchen features quartz countertops, ample cabinetry, and a brand-new refrigerator. The main level offers a spacious living and dining area highlighted by a vaulted ceiling and an open connection to the upper level, creating an airy and comfortable living space. Upstairs, both bedrooms offer generous storage, along with conveniently located laundry. The hall bath has been refreshed with a brand-new vanity, and new toilets have been installed throughout the home. Step outside to a private patio, or enjoy the conveniences provided by the HOA, including lawn care, snow removal, trash service, and access to the community pool and clubhouse. The roof was also replaced through the HOA approximately one year ago. With its central West Lafayette location, recent interior updates, functional layout, and low-maintenance lifestyle, 415 Trace Four offers an attractive combination of convenience, comfort, and value close to Purdue

415 Trace Four, West Lafayette

Listing courtesy of Yu Gao from Keller Williams Lafayette. Agt: 765-231-6904

Start Your Search

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.