Madison Homes under $150,000

Madison Homes under $150,000

Welcome to Madison, Indiana – a charming city that beautifully blends rich history with modern living. Nestled along the picturesque banks of the Ohio River, Madison is known for its stunning historic architecture, vibrant arts scene, and welcoming community. With a population of just over 11,000 residents, this quaint city offers a small-town feel while still providing access to the amenities and conveniences of larger urban areas.

One of the most appealing aspects of Madison is its affordability, especially for homebuyers seeking properties under $150,000. Whether you're a first-time buyer, a savvy investor, or looking to downsize, Madison has a variety of homes that fit your budget without compromising on character or charm. From cozy bungalows to quaint cottages, you’ll find a range of options that showcase the architectural beauty of the area. Many of these homes are situated in friendly neighborhoods, perfect for families and individuals alike.

Living in Madison means more than just enjoying affordable housing; it’s about embracing a lifestyle enriched by local culture and community spirit. The city boasts beautiful parks, scenic riverfront views, and a thriving downtown area filled with unique shops, restaurants, and galleries. Plus, with annual events and festivals, there’s always something happening in Madison to bring residents together.

If you’re looking for a place that offers both charm and affordability, Madison, Indiana, is the perfect destination. Discover your dream home today and become part of this delightful community!

Newest Madison Homes under $150,000

5184 N Us 421, Madison
$148,000
3 Beds ⋅ 1 Baths ⋅ 2026012275 MLS
Buyers, Investors or Renovators Bring your vision to this fixer-upper opportunity offering peaceful rural living while remaining a short distance from Madison’s hilltop and all the connivence of shopping and dining or drive down the hill to enjoy Madison’s historic downtown Main Street. This home has character and plenty of potential. Inside, you'll find built-in bookshelves, a bonus room with a fireplace/wood-stove insert, and the opportunity to open the space up and create one large living area that flows into the family room. Hardwood floors are believed to be underneath the carpet in the bedrooms, offering another opportunity to restore and enhance the home’s original character. Outside, enjoy a spacious yard surrounded by mature trees, a detached garage/workshop, ample parking, your own well, and a durable red metal roof. A great opportunity for an investor, renovator, or buyer looking to create a home with character while enjoying the space of rural living and convenient access to Madison. Being Sold As-IS.

5184 N Us 421, Madison

Listing courtesy of F.C. Tucker/Scott Lynch Group.

1924 Locust St, Madison
$129,900
3 Beds ⋅ 1 Baths ⋅ 1727969 MLS
Don't miss this 3BR/1BA home in the desirable Hilltop area of Madison, IN! Offering 1,040 sq ft of living space, this property is a fantastic value. Features include energy-efficient thermopane windows, an attached 1-car garage, and a full bath with a shower/tub combo. The kitchen comes equipped with a refrigerator, oven, and range top, plus the washer and dryer stay! Enjoy outdoor living in the fully fenced backyard, complete with a convenient storage shed. Perfect for downsizers, or investors. Schedule your tour today!

1924 Locust St, Madison

Listing courtesy of EXP Realty LLC.

1924 Locust Street, Madison
$129,900
3 Beds ⋅ 1 Baths ⋅ 2026011282 MLS
Don't miss this 3BR/1BA home in the desirable Hilltop area of Madison, IN! Offering 1,040 sq ft of living space, this property is a fantastic value. Features include energy-efficient thermopane windows, an attached 1-car garage, and a full bath with a shower/tub combo. The kitchen comes equipped with a refrigerator, oven, and range top, plus the washer and dryer stay! Enjoy outdoor living in the fully fenced backyard, complete with a convenient storage shed. Perfect for downsizers, or investors. Schedule your tour today!

1924 Locust Street, Madison

Listing courtesy of eXp Realty, LLC.

707 Walnut Street, Madison
$114,900
2025012675 MLS
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.

707 Walnut Street, Madison

Listing courtesy of Legacy Land Use & Realty.

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