Lafayette Homes under $400,000

Welcome to Lafayette, Indiana—a vibrant city that beautifully blends rich history with modern living. Nestled along the banks of the Wabash River, Lafayette is known for its charming neighborhoods, diverse culture, and a welcoming community spirit. This thriving city is home to Purdue University, which adds a youthful energy and an array of cultural events, dining options, and recreational activities. Whether you're strolling through the historic downtown area or enjoying a day at the beautiful Columbian Park, Lafayette offers a lifestyle that appeals to everyone.

For those seeking a new home in this delightful region, Lafayette presents an array of options, particularly for buyers looking for homes under $400,000. You’ll find a variety of charming single-family homes, modern townhouses, and even some lovely historic properties that showcase the area's architectural diversity. Many of these homes come equipped with spacious yards, updated interiors, and proximity to local amenities, making them perfect for families, professionals, or anyone looking to settle down in a friendly and engaging community.

The real estate market in Lafayette is not only affordable but also offers great value. With a strong sense of community and numerous parks, schools, and shops within reach, you’ll find that living in Lafayette means enjoying a comfortable lifestyle without breaking the bank. Explore the possibilities today and discover why Lafayette, Indiana, is the perfect place to call home!

Newest Lafayette Homes under $400,000

$219,900

3 Beds ⋅ 2 Baths

Welcome to 'Country Quiet' at 2822 Harbur in Anderson, Indiana, a charming 1977 single-family residence. This inviting two-story home captures the classic appeal of Cape Cod and bungalow architecture, offering a delightful backdrop for your next chapter. The living room serves as the heart of the home, centered around a cozy fireplace that invites you to kick back, relax, and enjoy quiet evenings or lively conversations. With three bedrooms and two full bathrooms distributed across two levels, the floor plan provides plenty of breathing room for daily routines. Beyond the front door, the property continues to impress with a private yard that offers expansive space on this 20,400-square-foot lot. Whether you are sipping your morning coffee on the porch or enjoying the fresh air in your own outdoor retreat, this home is perfectly set up for easy, breezy living. Schedule your private tour today to see how this wonderful property can become the perfect setting for your everyday adventures!

2822 Harbur Boulevard, Anderson

Listing courtesy of Jade McGillem. JMG Indiana

$249,000

2 Beds ⋅ 2 Baths

Discover the possibilities with this 2-bedroom, 2-bath home offering 2,438 sq. ft. of living space on 12.77 acres near Spencer! Featuring a desirable mix of wooded and open acreage, this property offers a beautiful country setting with an approximately 1-acre farm pond and plenty of room for outdoor recreation and enjoyment. The home includes a full finished walk-out basement, providing additional living and entertaining space. Outside, you'll find a 22x25 enclosed carport with concrete floor and a 14x22 detached single-car garage with concrete floor, both equipped with electricity. Recent improvements include a standing seam metal roof approximately 2 years old and an electric water heater approximately 1 year old. With its combination of open land, wooded acreage, pond, and multiple outbuildings, this property offers endless possibilities for those looking to add their personal touches and make it their own. A unique opportunity to enjoy country living on 12.77 acres with so much potential! Priced to sell!!

5191 Patricksburg Road, Spencer

Listing courtesy of Tilden Keith. Keith Realty & Auction Group

$225,000

2 Beds ⋅ 2 Baths

Own a piece of Madison County history! Originally known as the Keller or Buttermilk Schoolhouse, this distinctive brick home once served students in Lafayette Township's District 5 before closing in 1932 and later being converted into a private residence. Situated on 3.08 scenic acres at 4985 N 300 W in Anderson, this former one-room schoolhouse is filled with historic character, featuring original woodwork, exposed beams, hardwood floors, brick accents, and a spacious upper-level loft. Mature trees and open green space create a peaceful, park-like country setting. Multiple outbuildings, including a large detached garage and additional storage buildings, offer plenty of room for vehicles, equipment, hobbies, or workshop space. A screened gazebo provides a relaxing place to enjoy the surrounding countryside. Rich in local history, this one-of-a-kind property offers an opportunity to bring new life to a former schoolhouse while preserving its unique character. The home needs repairs and updates and is being sold AS-IS.

4985 N 300 W, Anderson

Listing courtesy of Zach Ohmes. RE/MAX Real Estate Solutions

$74,900

2 Beds ⋅ 1 Baths

This 2-3 Bedroom, 1 Full Bath Ranch offers 1,164 Sq. Ft. on three parcels totaling 0.48 acre! A covered front porch welcomes you into the Foyer, leading to a versatile layout with an Eat-in Kitchen. The former third Bedroom currently serves as a Laundry Room and flexible-use space. An unfinished Basement provides additional storage and possibilities, while the spacious three-car Garage adds convenience and appeal. Enjoy existing rental income with potential to increase rents. Tenant rights remain in place through January. The three parcels back up to an additional 1.68 acres currently listed for sale separately, offering an opportunity for buyers interested in purchasing more land.

2030 Hill Street, Anderson

Listing courtesy of Candy Bair. RE/MAX Real Estate Solutions

$339,900

3 Beds ⋅ 2 Baths

Space to Spread Out, Room to Make It Your Own! Discover the perfect combination of comfortable living, outdoor space, and versatility with this well-maintained 3-bedroom, 2-bath home offering nearly 1,600 square feet on just over an acre in the Frankton-Lapel School District! Surrounded by mature trees, this property features a fully fenced yard with plenty of room to relax, entertain, or enjoy the outdoors. A true highlight is the impressive 32x40 heated outbuilding with water, complete with an attached 12x24 storage area and a 10x30 covered porch. Whether you're looking for a workshop, space for hobbies, extra storage, or the ultimate gathering spot, the possibilities are endless! Inside, you'll appreciate a functional floor plan designed for everyday living, with all appliances included. An attached garage adds convenience, while the spacious lot offers the privacy and flexibility you've been searching for. A survey is also available. Acreage, mature trees, a fenced yard, and an incredible outbuilding, all in one property! Don't miss the opportunity to make this versatile property your own!

2672 N 350 W, Anderson

Listing courtesy of Heather Upton. Keller Williams Indy Metro NE

$195,900

3 Beds ⋅ 2 Baths

Open Floor plan in a brick ranch 3 bedroom home. This home is in FRANKTON SCHOOLS. 2 CAR ATTATCHED GARAGE. NEW MINI SPLIT INSTALLED. UPDATES INCLUDED : Newer Flooring, New Kitchen Cabinets, New Counter Top, Fresh Paint. Features include: Open living room, kitchen, family room. Large concrete back patio. 1 and a half bath with inside laundry. Stamped Front Porch. Immediate possesion.

113 Magnolia Drive, Anderson

Listing courtesy of Reanna Southard. Carpenter, REALTORS®

$235,000

3 Beds ⋅ 2 Baths

Welcome to 1150 W 300 N in Anderson (Frankton Lapel school district) where this home isn't just a place to live; it's a playful canvas for your next adventure. Boasting 1494 sq ft single family brick ranch and built in 1968, this is an oasis ready to whisk you away! Step into the heart of the home, where the kitchen is ready to inspire your inner chef. With sleek stainless-steel appliances and a convenient peninsula, whipping up culinary masterpieces (or just a really good sandwich) will be a breeze. The living room is a cozy haven, perfect for unwinding after a long day. Or better yet, imagine curling up by the crackling fireplace, perhaps with a good book or a board game, creating memories that warm the soul in the family room. When it's time to retreat, you'll find comfort in the backyard with 0.66 acre of your own space--with wide open farmland behind you. Hobbyist or collector? How about a 30'x45' pole barn with 12' ceilings, concrete floor and 100-amp electric service! So many wonderful features to see for yourself.

1150 W 300 N, Anderson

Listing courtesy of Shari Vickery. F.C. Tucker Company

$400,000

4 Beds ⋅ 3 Baths

Your Vacation-Right at Home! Welcome to this beautiful 4-bedroom, 3-bathroom log home nestled on 3 peaceful acres, where country living meets the comfort and charm of a private getaway. Surrounded by nature and abundant wildlife, this property offers room to relax, entertain, and enjoy the outdoors. The enclosed back porch is a highlight-perfect for morning coffee, quiet evenings, or watching deer regularly wander into the backyard. Inside, the spacious home offers room for everyday living and guests, with a freshly remodeled downstairs that feels updated and inviting. Two additional rooms, currently used for storage, offer possibilities for a home office, library, walk-in pantry, craft room, playroom, or hobby space. Bring your ideas and make these flexible spaces work for your lifestyle. For those dreaming of a homestead, the property includes a chicken coop and two separate fenced areas, each with its own mini barn. Previously used for goats and pigs, these areas provide a starting point for a small homestead or hobby farm. With 3 acres to enjoy, there is room to explore your country-living vision. A detached 2-car garage, designed in a log-cabin style that complements the home, adds both charm and functionality. Use it for parking, storage, a workshop, or your favorite hobbies. Summer days are even better with the 30-foot swimming pool, installed just two years ago and in great condition. From poolside gatherings to relaxing evenings on the porch, there are plenty of ways to enjoy time at home. With its log-home character, versatile interior, multiple outbuildings, fenced animal areas, and peaceful setting, this property brings together comfort, recreation, and homestead potential in one inviting retreat. Come see it for yourself and imagine the memories you could make in your own country getaway!

4655 E Coltrane Lane, Spencer

Listing courtesy of Noah Kirsch. 1 Percent Lists Indiana Real Estate

$271,000

3 Beds ⋅ 2 Baths

Significant work has been done in the crawl space of this modern, updated, and move-in ready home! This inviting 3 bedroom, 1.5 bath offers a 2 car attached garage and just over 1,500 sq ft of comfortable living space. Step inside to find a modernized kitchen, updated bathrooms, and new flooring throughout. Set on 0.78 acres with a fenced yard, this property is ideal for everyday living, pets, or outdoor entertaining. A second open lot adds even more possibility! Think gardening space, room to play, or future expansion. Roof, windows, and HVAC around 4 years old, this home blends rural charm with modern-day comfort. Don't miss your chance to make it yours!

7091 N 575 W, Frankton

Listing courtesy of Jaylen Sprague. Carpenter, REALTORS®

$339,900

5 Beds ⋅ 3 Baths

Sitting on a 0.77-acre lot and offering a highly functional layout with great setup options for an income/in-law suite, this 4-5 bedroom home offers more than most. The main level features nearly 1,800 square feet of living space, including a comfortable living room and a kitchen with a wood-burning fireplace, appliances included, and patio doors to the back yard. Just off the kitchen, a large mudroom provides convenient storage and leads directly to the attached garage. The main-floor primary bedroom includes an en-suite bathroom with a walk-in shower, and there are two additional bedrooms and an updated full bathroom on this level.The walk-out basement can easily be used as an extension of the main house or as a separate living area, featuring its own entrance, parking, and outdoor space. It includes a large recreational room anchored by a stone fireplace with a wood-burning insert, a full bathroom, and up to two bedrooms. This lower level is also fully prepped for a second kitchen, with new framing, drywall, electrical, and plumbing already installed-just add your choice of cabinets and countertops. Outside, the large yard is partially enclosed by a new fence. A major highlight is the large, insulated detached garage and workshop, which includes a wood-burning stove for year-round use. The backyard also offers a patio for relaxing and an above-ground pool with a surround deck that can be restored if desired. So many offerings in this one home; it's a must see! Frankton-Lapel Schools

2150 N Bilbrey Lane, Anderson

Listing courtesy of Cara Huffman. F.C. Tucker/Crossroads

$165,000

3 Beds ⋅ 1 Baths

This delightful home is located in a quiet neighborhood with sidewalks for walking. Enjoy your mornings and evenings on the lovely spacious front porch. This home was initially a 4 bedroom and converted to a 3 bedroom which gives the master bedroom a space for a sitting room, or a nursery or whatever your needs may be. This extra large bedroom features 2 large closets and a large linen closet. The large backyard has a privacy fence that creates a safe environment where kids and pets can run and explore freely. The charming storage shed is convenient for potting plants, kids toys or to winter the bikes. The basement has a very large room that could be used for a study area or workshop/crafting room. The convenient location of this home is ~6 minutes to downtown Anderson, 10 minutes to Alexandria, 12 minutes to Applewood and I-69.

2629 Seminole Drive, Anderson

Listing courtesy of Linda Barton. GO Real Estate Services, LLC

$229,900

3 Beds ⋅ 1 Baths

Welcome to this completely updated brick ranch in the Frankton-Lapel school district! Situated on a large corner lot with a fenced-in backyard, this home offers an extensive list of updates both inside and out, including a new furnace and central air conditioning. The beautifully refreshed exterior features new paint, new wood beams on both porches, a new concrete front porch, sidewalk & driveway, fresh landscaping, and a new fire pit. Kitchen offers new cabinets, countertops, sink, backsplash, faucet, lighting, and stainless-steel refrigerator, microwave, and range. New laminate flooring and carpet throughout. Completely updated bathroom. New blinds throughout add the perfect finishing touch. The garage has also been updated with new paneling and a freshly painted floor. With its brick exterior, spacious lot, fenced backyard, new HVAC, and extensive updates throughout, this home is truly move-in ready and a must-see!

101 Cottonwood Drive, Anderson

Listing courtesy of Julie Schnepp. RE/MAX Legacy

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.

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.

Lafayette Homes under $400,000

Newest Lafayette Homes under $400,000

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