Fairfield Homes under $500,000

Welcome to Fairfield, Indiana—a hidden gem that beautifully blends small-town charm with modern conveniences. Nestled in the heart of Indiana, this delightful township is known for its friendly community, vibrant local culture, and picturesque landscapes. With its rich history and a strong sense of community, Fairfield offers a welcoming environment for families, young professionals, and retirees alike.

One of the standout features of Fairfield is its affordability. For those seeking a place to call home without breaking the bank, you'll be pleased to discover a variety of homes available for under $500,000. Whether you’re looking for a cozy starter home, a spacious family residence, or a quaint bungalow, Fairfield has something to suit every taste and budget. Many of these homes boast charming architectural details, modern amenities, and lovely yards perfect for outdoor gatherings or quiet evenings under the stars.

Living in Fairfield means enjoying a slower pace of life while still being conveniently located near major highways, making commutes to nearby cities a breeze. The township is surrounded by lush parks, recreational facilities, and local shops, offering plenty of opportunities for outdoor activities and community events.

With a strong sense of belonging and a commitment to maintaining a high quality of life, Fairfield is more than just a place to live; it’s a place to thrive. Explore the wonderful homes under $500,000 and discover the perfect property that meets your needs in this charming Indiana township. Welcome home to Fairfield!

Newest Fairfield 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

$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.

$299,000

2 Beds ⋅ 3 Baths ⋅ 202640927 MLS ⋅ 1,456 SqFt. ⋅ Eric Dangello

OPEN HOUSE SUNDAY OCTOBER 4TH 1-3 pm! Great country home for sale in Ashley Indiana. Enjoy ultimate privacy on this secluded 5 acre parcel ready for you and your family. Property features a ranch home with full unfinished basement built in 2004, large 24x24 attached garage, and 36x21 pole barn. The main floor is 1456 square feet with 2 bedrooms and 2.5 baths, open concept with kitchen island, dining room, large living room, master suite equipped with stand up shower and oversized bathtub for relaxing after a long day. Updates include: new roof in 2024, brand new luxury vinyl plank flooring throughout the entire main level, and complete interior was just painted in September. This country paradise is just a few miles from I-69, conveniently located north of Auburn and South of Angola.

0730 County Road 17, Ashley

Listing courtesy of Eric Dangello from Hosler Realty Inc. Off: 260-347-1158

$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 ⋅ 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

$415,000

4 Beds ⋅ 3 Baths ⋅ 202640670 MLS ⋅ 2,820 SqFt. ⋅ Brandi Shaw

Discover space, comfort, and beautiful wooded views in this exceptional four-bedroom, three-full-bath townhouse offering over 2,800 square feet! Tucked away on a quiet cul-de-sac, this home combines a peaceful setting with a central location close to everything Lafayette has to offer and just minutes from Purdue. Teak hardwood flooring throughout adds warmth and character, while the spacious living room and large kitchen with a built-in oven provide plenty of room for everyday living and entertaining. Relax in the beautiful sunroom overlooking the woods or enjoy the outdoors from the covered deck. The yard also features an irrigation system for added convenience. The spacious primary suite includes an en suite bathroom with dual vanities and a massive walk-in closet. A completely soundproof bonus room is perfect for an in-home office or music room, offering added privacy. With abundant storage, generous living spaces, and scenic surroundings, this townhouse is a must-see!

1748 Skyline Rd, Lafayette

Listing courtesy of Brandi Shaw from Indiana Realty Group. Cell: 765-543-2094

$349,000

4 Beds ⋅ 3 Baths ⋅ 202640669 MLS ⋅ 2,671 SqFt. ⋅ Pamela Ennis

Timeless Historic Charm Meets Modern Luxury! Step inside a gorgeous piece of history that has been completely updated for today's lifestyle. Located in Lafayette's desirable Perrin neighborhood. Brand new kitchen features modern cabinetry, premium countertops and a seamless flow for entertaining. Beautiful tile details from the Foyer to kitchen and the completely renovated 2.5 bathrooms. Relax on the front porch and enjoy the tree lined street surrounded by classic architecture and local charm. Don't miss the chance to own this rare blend of historic elegance and modern updates.

412 Perrin Ave, Lafayette

Listing courtesy of Pamela Ennis from Weichert Realtors Len Wilson. OFC: 765-250-4644

$414,900

5 Beds ⋅ 2 Baths ⋅ 202640655 MLS ⋅ 3,161 SqFt. ⋅ Peyton Hurst

If you love a home with a story to tell, 408 S. 7th St. deserves a look! Situated on a .22-acre lot within walking distance of downtown Lafayette, this historic home offers 5 bedrooms, 2 full baths, and character around every corner. A welcoming covered front porch sets the scene for slow mornings with coffee and relaxing evenings beneath the mature trees. Inside, wood floors, substantial trim, paneled doors, and decorative glass windows showcase its timeless charm. The bright living room opens to a formal dining room with a brick fireplace, ready for holiday dinners and everyday gatherings. The kitchen pairs white cabinetry and glass-front accents with a rich blue tile backsplash, farmhouse sink, and generous island with seating. An adjoining butler’s pantry featuring original tile adds storage, workspace, and a special piece of the home’s history. Two bedrooms on the main level and three upstairs offer a flexible layout, while the full basement provides ample storage. Outside, enjoy a shaded backyard, rear deck, and detached two-car garage. The roof was replaced in 2016, and the exterior was painted in 2024. Come for the porch, stay for the character, and enjoy having downtown dining, shopping, and entertainment close to home!

408 S 7th St, Lafayette

Listing courtesy of Peyton Hurst from Trueblood Real Estate. Agt: 765-714-4482

$349,999

4 Beds ⋅ 4 Baths ⋅ 202640589 MLS ⋅ 2,362 SqFt. ⋅ Erich Muellner

Agent owned. 2 unit duplex, each has 2 bedroom, 1 and a half bath, and 1 car garage. each unit comes with a $2000 Appliance package. New roof, HVAC, kitchen, bath, flooring, and paint.

2417 State St, Lafayette

Listing courtesy of Erich Muellner from @properties.

$335,000

4 Beds ⋅ 3 Baths ⋅ 202640244 MLS ⋅ 2,184 SqFt. ⋅ Brittany Burrows

This four-bedroom home welcomes you with a kitchen remodeled in 2020 and fresh paint throughout the interior. Downstairs, the finished basement adds a bonus room ready for a game room or home office. Step outside and enjoy a relaxing soak in the included hot tub. Come see how easily you can make this space your own!

2509 Eckman Pl, Lafayette

Listing courtesy of Brittany Burrows from Trueblood Real Estate. Agt: 812-207-6448

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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.