Madison, IN Homes for Sale under $200,000

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

This MOVE-IN READY home has a beautiful rustic look and is located in the highly desirable downtown of Madison, Indiana. It offers a unique opportunity for buyers seeking a primary residence, weekend home, or rental. Situated on a quiet dead-end street, the property features an open floor plan on the main level, with a spacious living room and kitchen, as well as a comfortable bedroom, full

Jackie Armel Greene Coldwell Banker Harrell & Asso

Set just outside the heart of Madison, Indiana, this home at 4659 N SR 62 offers a great opportunity for someone ready to roll up their sleeves and make it their own. Enjoy the convenience of being minutes from downtown Madison’s historic district, the Ohio River, Clifty Falls State Park, and local favorites along Main Street, while still having the feel of a country setting. The home needs TLC,

George Green

Welcome to this cozy 1-bedroom, 1-bath home that offers 736 square feet of comfortable living space and sits conveniently above a 1-car garage, complete with a covered carport. Perfectly located just minutes from downtown Madison, this property provides easy access to local shops, restaurants, and the scenic riverfront. Whether you’re looking for an affordable place to call home, a weekend

Michele James JPAR Aspire

Home with lots of potential in one of Madison's prime locations (Ryker's Ridge). A "Diamond in the Rough", Home needs some TLC but is livable. Needs windows, flooring, and paint. Situated on 2 acres with a partially fenced yard and landscaped with perennials that will bloom from spring to fall. This home also offers an enclosed front porch and two wooden decks. There are many opportunities to

Candice Fulk McDole Century 21 River Valley

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

Welcome to this solid, charming brick home featuring three bedrooms and one bathroom—where modern upgrades meet timeless appeal.This home showcases a recently installed furnace, central air conditioning, a newer roof, and stylish vinyl plank flooring that beautifully complements the original hardwood. Enjoy the convenience of recent upgrades like a new water heater, water filtration system,

John Demaree F.C. Tucker/Scott Lynch Group

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. A wrap-around deck surrounds the home (use caution when walking on it), and a hot tub remains

Jim Pruett Exp Realty

Large home in downtown Madison with off street parking. With a little love and work this home could stand tall. Nice front porch and large backyard. Both bedrooms are very big , as well as a large living room and dining room. Call today!!!

JR Harrell Coldwell Banker Harrell & Asso

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