Perry Homes under $200,000

Perry Homes under $200,000

Welcome to Perry, Indiana – a hidden gem nestled within the heart of the Midwest, where small-town charm meets modern convenience. Known for its friendly community and picturesque landscapes, Perry offers a peaceful retreat for families, professionals, and retirees alike. With its rich history and vibrant local culture, residents enjoy a tight-knit atmosphere while still being just a short drive from larger urban centers.

One of the most appealing aspects of Perry is its affordability, particularly when it comes to housing. For those searching for homes under $200,000, Perry is a treasure trove of options. Here, you can find charming single-family homes, cozy bungalows, and inviting townhouses that provide the perfect backdrop for creating lasting memories. Whether you’re a first-time homebuyer or looking to downsize, Perry's real estate market offers a variety of styles and sizes to suit your needs.

Beyond the appealing price points, living in Perry means embracing a lifestyle filled with outdoor adventures and community activities. Enjoy weekend picnics at the local parks, stroll through quaint downtown shops, or participate in seasonal festivals that bring neighbors together. The region is also home to excellent schools and convenient access to essential amenities, ensuring that everything you need is right at your fingertips.

In Perry, you don’t just find a house; you find a place to call home. Discover the charm and affordability of this wonderful Indiana community today, and see why so many are choosing to make Perry their own. Your dream home awaits!

Newest Perry Homes under $200,000

4925 Opal Ridge Lane, Indianapolis
$179,900
2 Beds ⋅ 2 Baths
Welcome to peaceful, low-maintenance living at 4925 Opal Ridge Lane, Unit 104! This inviting first-floor condo offers a comfortable, cozy atmosphere with beautiful wooded views and fresh paint throughout. The thoughtfully designed kitchen features rich cherry wood Shaker-style cabinetry, stainless steel appliances, 42-inch upper cabinets, and an abundance of deep drawers for convenient storage. Additional storage can be found in the pantry and hallway storage room, while two walk-in closets in the primary bedroom provide even more room to stay organized. Enjoy added peace of mind with a brand-new furnace and water heater, plus the convenience of an included washer and dryer. The community offers a pool, clubhouse, and workout room, providing opportunities to relax, connect, and stay active. The HOA includes water, sewer, and trash pickup, helping simplify everyday living. If you're looking for comfortable, easy-to-maintain living with appealing features, practical storage, and a tranquil wooded setting, this condo is worth a look. The seller is offering $3,500 in concessions toward eligible buyer costs, subject to the terms of the purchase agreement and lender approval. Come see the possibilities at Opal Ridge!

4925 Opal Ridge Lane, Indianapolis

Listing courtesy of AXEN Realty LLC.

3128 S Rural Street, Indianapolis
$129,900
3 Beds ⋅ 1 Baths
Welcome to 3128 S Rural St! Situated in the Perry Township area of Indianapolis, this classic single-story ranch home offers 3 bedrooms, 1 full bathroom, and 912 sq ft of efficient living space. The functional floor plan features a spacious living room with natural light, an eat-in kitchen with functional layout, and durable flooring throughout. Positioned on an 8,364 sq ft lot (0.19 acres), the property includes a fully/partially fenced rear yard ideal for outdoor activities, along with a detached 2-car garage providing ample storage and off-street parking. Enjoy low-maintenance single-level living with NO HOA fees. Conveniently located with quick access to I-65, Raymond St, local parks, schools, and downtown Indianapolis.

3128 S Rural Street, Indianapolis

Listing courtesy of Trelora Realty.

644 E Sherwood Hills Drive, Bloomington
$164,992
2 Beds ⋅ 2 Baths
This meticulously cared-for 2-bedroom, 1.5-bath condo in Sherwood Hills offers 930 square feet of low-maintenance living on Bloomington's south side. Major updatesinclude windows, a rear sliding glass door, and a deck replaced in 2024. The heating and cooling systems are approximately 3 years old, the water heater is approximately 4 years old,and LVP flooring runs through most of the home.Monthly HOA dues are $167 and include exterior building insurance, lawn care, and snow removal. Enjoy a convenient location nearIndiana University and I-69 for travel toward Crane or Indianapolis.

644 E Sherwood Hills Drive, Bloomington

Listing courtesy of eXp Realty, LLC.

3513 Shelby Street, Indianapolis
$200,000
3 Beds ⋅ 2 Baths

3513 Shelby Street, Indianapolis

Listing courtesy of My Agent.

140 S 7th Avenue, Beech Grove
$180,000
2 Beds ⋅ 1 Baths
Cozy, quaint, and ready for your personal touch! Welcome to 140 S. 7th Avenue in BEECH GROVE, where a little vision and some TLC can turn this home into a welcoming retreat. If you appreciate the charm of a smaller home and the opportunity to add your own style, this one is ready for its next chapter! Property being sold AS IS.

140 S 7th Avenue, Beech Grove

Listing courtesy of Real Broker, LLC.

5023 S Walcott Street, Indianapolis
$199,000
Attention investors! 5023 S Walcott St is a well-maintained, all-brick side-by-side duplex in the quiet Edgewood neighborhood on Indianapolis' south side, within the highly rated Perry Township school system. Both mirror-image units offer 2 bedrooms, 1 bath, and 879 sq ft, with spacious living rooms, eat-in kitchens, laundry rooms, central heat and AC, covered front porches, long concrete driveways, and private backyard storage sheds. Both units are tenant occupied at $1,050/mo each, generating $2,100/mo in gross rent and exceeding the coveted 1% rule! Leases run through 2027 (3/31 & 5/14), utilities are separately metered and tenant-paid, and tenants are also responsible for lawn care, helping keep landlord expenses low. The property sits on a deep, flat .67-acre lot with a peaceful backyard, mature trees, nature views, and a communal fire pit. City water, septic, and no HOA. Roof is estimated at approximately 12 years old and HVAC systems at 14 years old, with everything currently operating properly and well maintained. Conveniently located within 10 minutes of Roncalli High School, UIndy, and shopping/dining along US 31 and Madison Ave, and about 15 minutes from Downtown Indy. No seller/creative financing, no wholesalers. Straight sale only.

5023 S Walcott Street, Indianapolis

Listing courtesy of Keller Williams Indpls Metro N.

8158 Lima East Drive, Indianapolis
$110,000
2 Beds ⋅ 2 Baths
This property offers excellent potential for an investor or buyer looking for a renovation project. The home features 2 bedrooms, an eat-in kitchen, abundant natural light, ceiling fans, and a full basement providing additional living, recreation, or storage space. The spacious back deck overlooks a private yard and offers great outdoor entertaining potential. Conveniently located in Perry Township Schools, just minutes from downtown, shopping malls, grocery stores, dining, and major interstates. Please note: This home needs work and is not move-in ready. Buyers and investors are strongly encouraged to review all photos carefully and conduct their own inspections and due diligence.

8158 Lima East Drive, Indianapolis

Listing courtesy of Berkshire Hathaway Home.

1106 S Madison Street, Bloomington
$190,000
Two units, one investment opportunity, and plenty of room to add value. This bungalow-style duplex offers two 2-bedroom, 1-bath units. The front unit is currently occupied on a month-to-month basis, while the rear unit is vacant, giving the next owner flexibility to make improvements, secure new tenants, or explore owner-occupancy options. The front unit has street parking, with 2-3 parking spaces available for the rear unit. New gutters are already in place, but the property does have deferred maintenance and is priced with its condition and potential in mind. Located near walking trails and popular Switchyard Park, this is an opportunity for an investor who isn't afraid of a little work and can see the possibilities beyond the punch list.

1106 S Madison Street, Bloomington

Listing courtesy of Carpenter, REALTORS®.

122 S 6th Avenue, Beech Grove
$200,000
3 Beds ⋅ 2 Baths
In the BEECH GROVE subdivision, 122 S 6th Ave, Beech Grove IN 46107 is a 1,320-square-foot home built in 1945 and renovated in 2026. Inside, the living area features a fireplace to gather around on cooler evenings, complemented by fresh interior paint and partial flooring replacement. An unfinished basement adds practical utility with laundry space and storage. Outside, the fenced yard includes a patio ready for dining in the open air, alongside a detached garage for vehicle parking and equipment storage. Convenient access to I-465 and I-65 supports a direct commute across Beech Grove. See all that this updated 1945 home provides. Included 100-Day Home Warranty with buyer activation

122 S 6th Avenue, Beech Grove

Listing courtesy of Opendoor Brokerage LLC.

3739 Lima Court, Indianapolis
$109,900
2 Beds ⋅ 2 Baths
Welcome to Sherman Oaks! This spacious 2-bedroom, 1.5-bath, two-story condo with a basement offers comfortable living and plenty of flexible space. The main level features a charming country-style kitchen, neutral paint, and hardwood-look laminate flooring. Upstairs, you'll find two generously sized bedrooms, including a spacious primary bedroom with a cozy sitting area and walk-in closet. The finished basement provides additional living space that can be used as a family room, home office, workout area, or recreation room. Outside, enjoy the covered front porch overlooking mature trees, as well as a wooden back deck with space for outdoor seating and relaxation. Convenient location near Greenwood and Southport shopping, dining, entertainment, and recreational amenities.

3739 Lima Court, Indianapolis

Listing courtesy of eXp Realty LLC.

645 Martin, Indianapolis
$144,900
3 Beds ⋅ 1 Baths
Welcome to this beautifully remodeled home, updated in March 2026 with numerous improvements including roofing, plumbing, a new sewer line, updated flooring, new doors, and some new windows. The property also features an oversized detached one-car garage offering additional parking and storage space. Conveniently located near Garfield Park with quick and easy access to I-65 and I-465. The property is currently tenant occupied and rented for $1,450 per month, making it a great opportunity for investors. Tenant rights apply. Showings are permitted Monday through Thursday from 1:00 PM to 3:00 PM and Friday and Saturday from 1:00 PM to 6:00 PM. Per the tenants' request, the seller will be present during all showings and will provide access to the property. Please call the seller directly to obtain approval and confirm the showing prior to arrival.

645 Martin, Indianapolis

Listing courtesy of Realty of America LLC.

1397 W Epler Avenue, Indianapolis
$199,950
3 Beds ⋅ 1 Baths
Welcome to 1397 W. Epler Avenue, a recently renovated 3-bedroom, 1-bath ranch in Perry Township! This 1,067 sq. ft. move-in-ready home offers a comfortable and functional layout with a spacious 19' x 15' living room, an 11' x 17' primary bedroom, dining area, kitchen, and separate utility space. The kitchen features new appliances, and recent renovations give the home a fresh, updated feel throughout. Many of the major-ticket items have already been taken care of, including a new roof in October 2024, new furnace and central air in October 2023, and a water heater installed in January 2024. Outside, you'll appreciate the large 22' x 22' detached garage, providing plenty of room for vehicles, storage, hobbies, or a workshop. With three bedrooms, recent renovations, new appliances, updated mechanicals, and a spacious detached garage, this home is ready for its next owner to move right in and enjoy!

1397 W Epler Avenue, Indianapolis

Listing courtesy of Highgarden Real Estate.

Start Your Search

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative