Madison, IN Homes for Sale under $200,000

Step into history with this home dating back to the late 1800s–early 1900s, set on nearly one acre and full of timeless character. Since 2022, the home has received several updates, including new plumbing and water lines, a new line to the water main, updated electrical, some new windows, and a water heater less than a year old. The kitchen was created from an empty slate, and a full bathroom was

Ellen Stevens eXp Realty, LLC

Charming 2-bedroom, 1-bath brick home on nearly half an acre on Madison’s scenic hilltop! This inviting property features beautiful wood floors throughout, a spacious living room with a cozy fireplace, and large windows that fill the home with natural light. The kitchen offers a unique painted floor, abundant cabinetry, and an attached dining area with even more storage. Enjoy the convenience of

Scott Lynch F.C. Tucker/Scott Lynch Group

Welcome to this charming 1-bedroom, 1-bath home offering 736 square feet of comfortable living space, thoughtfully situated above a 1-car garage with a gravel lot providing additional parking. This unique layout provides both convenience and low-maintenance living. Ideally located just minutes from downtown Madison, you’ll enjoy quick access to local shops, restaurants, and the scenic riverfront.

Michele James JPAR Aspire

This classic mid-century modern one story brick home, located on a spacious corner lot features 3 bedrooms, 1 bath with walk in shower, and large living room. The galley style kitchen offers lots of counter space, cabinet storage, a double sink, breakfast nook area, and a view facing over the back yard. Just off the kitchen is a spacious utility room with washer and dryer, water heater, and room

John Demaree F.C. Tucker/Scott Lynch Group

Opportunity awaits in the desirable Hilltop area of Madison! This 3-bedroom, 1-bath home offers great potential for buyers looking to add value with a little TLC. Featuring a functional layout and solid bones, this property is ideal for investors, renovators, or owner-occupants ready to make it their own. Located just minutes from historic downtown Madison, shopping, dining, schools, and parks.

Stephannie Wilson NextHome Wilson Real Estate

Discover a spacious 5 bedroom brick home on Madison's desirable hilltop, offering flexibility and room to grow. One of the bedrooms can easily serve as a family room or second living space, giving you options to fit your lifestyle. The main bedroom includes its own half bath for added convenience. Recent updates with a new HVAC system and new gas water heater. All appliances remain, including the

Jim Pruett EXP Realty LLC

Discover a property packed with potential! There are 4 parcels totaling nearly 2 acres with a home, detached garage, pole barn and building with living quarters. The main home features 2 bedrooms, 1 bath, a kitchen, dining room, living room, and mud room. A new water heater was installed in October 2025 and new roof in 2023. A wrap-around deck surrounds the home (use caution when walking on it).

Jim Pruett Exp Realty

Open to interpretation!! How shall this property be finished? The preservation organization succeeded in stabilizing and beatifying its original footprint! This cottage needs to be made cozy by an individual ready to give it its layout and design. There are preservation covenants, held by Indiana Landmarks, with this property.

Jessica Butler