Madison Homes under $400,000

Welcome to Madison, Indiana – a charming township that beautifully blends small-town warmth with modern conveniences. Nestled along the scenic banks of the Ohio River, Madison is known for its rich history, vibrant arts scene, and a strong sense of community. With its picturesque streets lined with historic buildings and lush parks, Madison offers residents an inviting atmosphere that feels like home.

For those looking to settle in this delightful township, Madison boasts a variety of homes priced under $400,000, making it an attractive option for first-time buyers, families, and retirees alike. Whether you're searching for a cozy bungalow, a spacious family home, or a charming Victorian, Madison has something to suit every taste and budget. Many of these homes come with beautiful yards, perfect for enjoying the outdoors or hosting gatherings with friends and family.

In addition to its affordable housing options, Madison offers an array of amenities that enhance the quality of life for its residents. Explore local shops, dine at delightful eateries, and immerse yourself in the vibrant arts community, which hosts events like the Madison Regatta and the annual Arts & Crafts Festival. With excellent schools and a friendly atmosphere, Madison is not just a place to live; it’s a place to thrive.

Discover the charm of Madison, Indiana, where your dream home awaits at an affordable price. Embrace the opportunity to join a community that celebrates life, history, and the beauty of everyday moments. Come and see what makes Madison a wonderful place to call home!

Newest Madison Homes under $400,000

$374,900

3 Beds ⋅ 2 Baths ⋅ 202640381 MLS ⋅ 1,876 SqFt. ⋅ Steve Lukemeyer

Welcome to this meticulously well-kept, move-in ready home perfectly designed for families seeking comfort, space, and convenience on Jasper’s desirable west side. Nestled on nearly 2 acres of beautifully maintained land—much of it securely fenced—this spotless house offers plenty of room to play, garden, and entertain outdoors. Inside, you’ll appreciate the thoughtful 1876 sq. ft. layout, featuring three generous bedrooms, two full baths, and both a separate living room and family room, providing ample space for relaxation or gatherings. Car enthusiasts and hobbyists will love the impressive 44' x 32' detached garage, ideal for vehicles, workshops, or extra storage. Every inch of this property reflects pride of ownership and careful maintenance, ensuring a worry-free experience for the next owners. Enjoy peaceful country living with the convenience of being close to Jasper’s amenities. This is a rare opportunity to create lasting family memories in a truly special setting.

4600 W 150 N, Jasper

Listing courtesy of Steve Lukemeyer from F.C. TUCKER EMGE. Office: 812-482-1424

$389,000

10 Beds ⋅ 5 Baths ⋅ 202640005 MLS ⋅ 4,748 SqFt. ⋅ Dan Henning

Start showing date: October 3, 2026. Attention house hackers and investors - this is your time to shine! This well-built, all-Brick Fourplex is priced to offer the ultimate blueprint for financial freedom. Take advantage of owner-occupied residential financing to move into one unit and let the other three tenants cover expenses, allowing you to virtually live for free while building long-term equity. Prefer a pure investment play? Keep all four units tenanted and a low maintenance asset that builds wealth for you. Property Highlights: Low-Maintenance Construction: Durable, classic all-brick exterior delivers timeless curb appeal and minimal exterior upkeep for years to come. Smart Layout: Four generously sized, well-proportioned units designed for high tenant retention and steady rental demand. Paved Parking & Easy Access: Features dedicated off-street parking, covered carport space, and wide corner-lot accessibility. Financial Flexibility: Qualifies for attractive owner-occupied financing programs or standard commercial/investment loans. Whether you're looking to jumpstart your real estate portfolio by living expense-free or expanding an existing footprint with a high-yield asset, this brick multi-family property delivers unmatched value. Properties with this combination of solid construction, corner visibility, and cash-flow power don't last long at this price. 10 bedrooms and 4.5 bathrooms, thousands and over 4,000sf finished living space!

508 W Elnora St, Odon

Listing courtesy of Dan Henning from Home & Harvest Properties LLC. dan@homeandharvestproperties.com

$209,500

3 Beds ⋅ 3 Baths ⋅ 202638087 MLS ⋅ 1,836 SqFt. ⋅ Gina Mehringer

A unique opportunity to own a piece of history in the heart of Ireland! Situated on just under an acre, this character-filled home offers incredible versatility with the option to use it as a spacious single-family residence or as a duplex with kitchens and laundry accommodations on both levels. The main level features a large kitchen and breakfast nook area, separate dining room, large living room, sunroom, two bedrooms and a full bath. Upstairs, you'll find a landing area, bedroom and full bath and a second kitchen, creating an ideal setup for separate living quarters and additional income potential. An unfinished basement provides plenty of storage, while outside you'll appreciate the two-car carport and 22' x 28' detached garage/workshop. All of this sits on a spacious lot that can be separated into two half acre parcels or maintained as one right in the heart of Ireland. Whether you're looking for a distinctive family home, multi-generational living, or an investment opportunity, this property offers possibilities that are hard to find. Bring your vision and make this piece of Ireland history your own!

4870 W Sr 56, Jasper

Listing courtesy of Gina Mehringer from F.C. TUCKER EMGE. Office: 812-482-1424

$225,000

3 Beds ⋅ 2 Baths ⋅ 202637782 MLS ⋅ 1,120 SqFt. ⋅ Darwin Fleagle

Check out this beautifully updated 3-bedroom, 1.5-bath home offering a great combination of comfort, convenience, and investment potential! Recent improvements include a new furnace and air conditioning, fresh interior paint, and much more, making this home move-in ready while still offering room for your own personal touches. The property also features a 22' x 20' detached garage, providing plenty of space for vehicles, storage, a workshop, or hobbies. Step outside and enjoy the beautiful, private backyard surrounded by nature—the perfect setting for relaxing, entertaining, gardening, or creating your own outdoor retreat. Conveniently located just minutes from Crane Naval Base and with easy access to US Highway 231, this property offers an excellent location for homeowners, investors, or those looking to build long-term equity. Whether you're searching for a comfortable home or your next investment opportunity, this property is one you won’t want to miss!

14027 N Us 231st Hwy, Odon

Listing courtesy of Darwin Fleagle from Home & Harvest Properties LLC. darwin@homeandharvestproperties.com

$194,000

2 Beds ⋅ 1 Baths ⋅ 202637235 MLS ⋅ 1,364 SqFt. ⋅ Shelly Mobus

A little gem in the country, yet close to everything you need! This updated 2 bedroom, 1 bath home is full of character and ready for new owners. A welcoming front deck offers the perfect spot to relax during the warmer months, while a custom antique front door sets the tone as you step inside. The spacious open floor plan connects the living room, dining area and updated kitchen, complete with appliances. A charming bay window creates a cozy spot for reading or relaxing. Just off the kitchen, a slider leads to a private courtyard with raised garden beds. The main level also features a bedroom with slider to the backyard and a beautifully renovated laundry room. Upstairs you'll find a second bedroom plus a versatile landing area perfect for a home office, reading nook or play space. Need even more flexibility? The heated detached studio offers endless possibilities as a home office, workshop, hobby space or guest retreat. Outside, enjoy a privacy-fenced backyard with firepit area, plus an attached 2-car garage with plenty of room for vehicles, toys and workspace. Updates include new flooring throughout, new lighting, new water pump in 2025 & more! Quiet country-town living conveniently located between Bremen and South Bend/Mishawaka in the PHM School District.

15729 Perry Ave, Wyatt

Listing courtesy of Shelly Mobus from McKinnies Realty, LLC Elkhart. Cell: 574-993-6364

$299,500

4 Beds ⋅ 2 Baths ⋅ 202636819 MLS ⋅ 1,615 SqFt. ⋅ Roger Callahan

Well-constructed and well-maintained 4-bedroom, 2-bath, 1610 sqft Bedford stone home situated on approximately 1.7 acres. The property offers a spacious setting with large front, side, and back yards, providing plenty of room for outdoor activities, entertaining, gardening, or simply enjoying the mature trees and surrounding space. The home features an attached 2-car garage, durable metal roof, and a separate structure currently used as a workshop and for lawn equipment storage. The additional building provides valuable space for projects, hobbies, tools, and equipment while keeping the main garage available for vehicles and everyday use. The generous acreage also offers plenty of flexibility for additional buildings, recreational areas, gardening, or other outdoor uses, subject to applicable restrictions and approvals. A solid, well-kept home with a versatile layout, established mature trees, multiple outbuildings/storage options, and plenty of land to enjoy and make your own.

618 E Elnora St St, Odon

Listing courtesy of Roger Callahan from Vic Hopkins Agency. Cell: 812-381-5341

$204,900

3 Beds ⋅ 2 Baths ⋅ 202633235 MLS ⋅ 1,691 SqFt. ⋅ Reid Yoder

Discover a property with space, character, and exceptional potential at 11529 Edgewater Ave in Hoagland. This well-appointed home offers hardwood floors, generous living areas, built-in cabinetry, abundant storage, multiple bedrooms, and a full basement with utility space. Thoughtful details such as built-in drawers, attic storage, city sewer, and more. Whether you're looking for a comfortable place to call home, room for hobbies and projects, or a property you can personalize and improve over time, this home presents an exciting opportunity in the desirable Hoagland area.

11529 Edgewater Ave, Hoagland

Listing courtesy of Reid Yoder from Schrader RE and Auction/Fort W.

$294,900

3 Beds ⋅ 2 Baths ⋅ 202632481 MLS ⋅ 1,607 SqFt. ⋅ Mathew Lucas

Welcome to 3975 N Hamilton Rd in Mulberry! This completely renovated 3-bedroom, 1.5-bath home offers roughly 1,607 sq ft of fresh, updated living space. Enjoy a spacious layout, beautiful kitchen with a large center island, and updated finishes throughout. Outside, you’ll find a patio and pergola overlooking the backyard, plus a large detached 2-car garage with additional upstairs space. Practically everything has been refreshed, just move in and enjoy.

3975 N Hamilton Rd, Mulberry

Listing courtesy of Mathew Lucas from BerkshireHathaway HS IN Realty. Agt: 765-242-4960

$225,000

3 Beds ⋅ 3 Baths ⋅ 202632354 MLS ⋅ 1,632 SqFt. ⋅ Evan Birch

3-Unit Investment Property or country homestead! This property features 3 Charming Tiny Homes (New in 2023) sitting on nearly 2.5 peaceful acres. The barndominium-style homes are 1 bedroom, 1 bathroom with a loft on both sides, all built on a slab. Each home has its own address and its own gas & electric meters. The country setting gives this property a quiet, peaceful setting. A detached maintenance garage provides additional space for storage, tools, or property upkeep. On the investment side, this could be a house-hack, 3 turn-key rental houses, or the start of a small rental community (other half of the lot leaves lots of room for expansion). If you're looking for a country homestead there is plenty of space for crops, gardens, livestock, and more.

5026 N County Road 375, Petersburg

Listing courtesy of Evan Birch from eXp Realty, LLC. Cell: 812-215-1057

$275,000

3 Beds ⋅ 2 Baths ⋅ 202632011 MLS ⋅ 2,176 SqFt. ⋅ Brandi Shaw

Welcome home to this spacious 3-bedroom, 2-bath property offering over 2,000 square feet of living space and the perfect blend of comfort and small-town charm! Inside, you'll find an expansive living room, a large kitchen with an adjoining dining area, and plenty of room for everyday living and entertaining. Enjoy your morning coffee on the inviting covered front porch or spend your evenings relaxing in the private backyard, complete with a cozy fire pit and plenty of open yard space for outdoor dining, picnics, games, and entertaining. The large, newly paved driveway provides abundant extra parking for family and guests, while the oversized attached 2-car garage offers even more room for vehicles, storage, or hobbies. Upstairs, a versatile bonus room provides endless possibilities as a home office, game room, media room, or your own private retreat. Located in a welcoming small-town community, you'll enjoy peaceful living with the convenience of being just a short drive from Lafayette and its shopping, dining, and amenities. With over 2,000 square feet of living space, exceptional outdoor areas, and plenty of room to spread out, this home is one you won't want to miss!

210 W Jackson St, Mulberry

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

$159,900

4 Beds ⋅ 2 Baths ⋅ 202612837 MLS ⋅ 1,920 SqFt. ⋅ Arlene Kluesner

Welcome to this cape cod fixer-upper home conveniently located between Jasper and Ireland. It offers 4 bedrooms and 1.5 baths with a generous backyard. With approximately 1920 square foot of comfortable living space, this home combines a functional kitchen and spacious living room. The master bedroom along with another bedroom are on the main level. Upstairs are 2 more bedrooms with a half bath. With your own personal touch and updates, this property will make a great family home.

2423 N 440 W, Jasper

Listing courtesy of Arlene Kluesner from F.C. TUCKER EMGE. Office: 812-482-1424

$210,000

3 Beds ⋅ 2 Baths ⋅ 202614124 MLS ⋅ 1,041 SqFt. ⋅ Darwin Fleagle

Welcome to this beautifully renovated 3-bedroom, 2-bath home that perfectly blends modern updates with comfortable living. From the moment you arrive, you’ll be drawn to the spacious front porch—an ideal spot to relax and enjoy your morning coffee or unwind in the evenings. Inside, the home features all-new appliances along with a brand-new washer and dryer, offering convenience and peace of mind from day one. Thoughtful updates throughout ensure a move-in ready experience, while the new roof and gutters add long-term value and durability. Step outside to a generous backyard, perfect for entertaining, gardening, or simply enjoying the outdoors. Conveniently located just minutes from I-69 and Crane Naval Base, this property offers easy access for commuting while still providing a comfortable residential setting.

205 S Grove St, Odon

Listing courtesy of Darwin Fleagle from Home & Harvest Properties LLC. darwin@homeandharvestproperties.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.