Madison Homes under $250,000

Madison Homes under $250,000

Welcome to Madison, Indiana – a charming city that perfectly blends rich history with modern living. Nestled along the banks of the Ohio River, Madison is renowned for its picturesque landscapes, vibrant downtown, and a warm sense of community. With its historic architecture and quaint shops, this city invites you to explore its unique character and the welcoming spirit of its residents.

Madison boasts a variety of recreational opportunities, from scenic riverfront parks to hiking trails that wind through the beautiful countryside. The city is also home to a thriving arts scene, with galleries, theaters, and seasonal festivals that celebrate local talent. History buffs will appreciate the well-preserved historic district, featuring beautifully restored 19th-century buildings that tell the story of Madison's past.

For those looking to make Madison their home, the real estate market offers an array of options, particularly for budget-conscious buyers. Homes under $250,000 are plentiful, providing a fantastic opportunity for first-time homeowners, families, or anyone looking to downsize. Whether you’re searching for a cozy bungalow, a charming Victorian, or a modern townhouse, Madison has something to suit every taste and lifestyle.

Living in Madison means enjoying the tranquility of small-town life while being just a short drive away from larger urban centers. With its affordable housing market and an abundance of community amenities, Madison is not just a place to live; it’s a place to thrive. Come discover your dream home in this delightful city!

Newest Madison Homes under $250,000

no property photo
$199,999
2026012292 MLS
This is the Custer-Cosby house, and the pursuer of this property will become a next person in the fabled legacy from within these walls. The original front of the home is enhanced by its restoration. Behind the front rooms is an entirely fitting new build! The property is being marketed to the person who wants to make this house a home. The bones are good and the opportunities endless! There are architect floorplans that can be your layout design, or you may entirely reimagine it for your use. There is a good area for outdoor enjoyment with an interior yard porch that is inviting. This is best understood with a look for yourself!

111 E fourth, Madison

Listing courtesy of Legacy Land Use & Realty.

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.

3335 N Quail Drive, Madison
$189,900
3 Beds ⋅ 2 Baths ⋅ 2026012213 MLS
Move-in ready and built for low-maintenance living! This 3-bed, 1-bath home features over 1,000 finished square feet, a functional floor plan, and major system upgrades—complete with a brand-new HVAC system and new water heater for peace of mind. Located on a quiet lot in Madison, this property offers incredible value. Don't wait—schedule a showing today!

3335 N Quail Drive, Madison

Listing courtesy of RE/MAX FIRST.

2315 Allen Street, Madison
$239,000
3 Beds ⋅ 1 Baths ⋅ 2026012265 MLS
This beautiful Bedford Stone house has 3 bedrooms and 1 bathroom. There is a large backyard with tremendous potential. The home offers original hardwood flooring. There is a nice deck off of the backside of the home. The home has an open concept layout, with a kitchen island included. The property is located within the neighborhood adjacent to Madison Junior/Senior high schools. This central hilltop location is a perfect fit for a classic home such as this one. Make it yours!

2315 Allen Street, Madison

Listing courtesy of Legacy Land Use & Realty.

410 Mouser St, Madison
$249,900
3 Beds ⋅ 2 Baths ⋅ 1729501 MLS
Welcome home to this move-in ready 3-bedroom, 1.5-bathroom gem offering the perfect blend of modern comfort and outdoor convenience right here in Madison! Step inside to find a fully equipped kitchen featuring a refrigerator, dishwasher, range, and garbage disposal, all complementing a highly functional floor plan. In the utility room there is a washer and dryer included. Behind the scenes, this home offers premium updates, including energy-efficient thermopane windows that flood the home with natural light and a water softener system. The exceptional living space extends outdoors! The sliding doors lead you out to a spacious concrete patio, ideal for weekend barbecues and morning coffee. Enjoy a fully fenced-in backyard that offers a secure area for children or pets to run free!

410 Mouser St, Madison

Listing courtesy of EXP Realty LLC.

410 Mouser Street, Madison
$249,900
3 Beds ⋅ 2 Baths ⋅ 2026011716 MLS
Welcome home to this move-in ready 3-bedroom, 1.5-bathroom gem offering the perfect blend of modern comfort and outdoor convenience right here in Madison! Step inside to find a fully equipped kitchen featuring a refrigerator, dishwasher, range, and garbage disposal, all complementing a highly functional floor plan. In the utility room there is a washer and dryer included. Behind the scenes, this home offers premium updates, including energy-efficient thermopane windows that flood the home with natural light and a water softener system. The exceptional living space extends outdoors! The sliding doors lead you out to a spacious concrete patio, ideal for weekend barbecues and morning coffee. Enjoy a fully fenced-in backyard that offers a secure area for children or pets to run free. Storage is never an issue thanks to the sizable outdoor storage shed. Whether you are a first-time homebuyer or looking to downsize, this meticulously maintained property is ready for you to move right in and make it your own!

410 Mouser Street, Madison

Listing courtesy of eXp Realty, LLC.

3343 E Sr 56, Madison
$159,900
2 Beds ⋅ 1 Baths ⋅ 2026011631 MLS
OWN A GETAWAY ON THE OHIO RIVER! This unique riverfront property offers an opportunity to own a vacation retreat, second home, short-term rental, or investment property just minutes from historic downtown Madison. Spend your mornings watching the river, afternoons boating, fishing or kayaking, and evenings relaxing or entertaining outdoors with the Ohio River as your backdrop. Inside, the home's efficient layout makes excellent use of its space with hardwood floors, abundant natural light, large windows framing the river views, flexible living areas and built-in Murphy beds that make accommodating overnight guests easy. Outside, enjoy multiple areas for relaxing and entertaining, a spacious deck, fenced yard, mature trees and direct access to the river. Whether you're looking for your own weekend escape, a place to share with family and friends, or a riverfront property with potential short-term rental use, this one delivers an experience that's difficult to duplicate at this price point. Come see what life on the Ohio River could look like.

3343 E Sr 56, Madison

Listing courtesy of SEGREST FLAHERTY REAL ESTATE G.

520 Seventh Street, Madison
$229,900
4 Beds ⋅ 2 Baths ⋅ 2026011160 MLS
Check out this great 4 bedroom 2 full bath home! Seller is offering a 3k credit towards flooring upgrades etc! Location! Detached garage! Spacious corner lot with a metal roof for peace of mind. Come take a look today!

520 Seventh Street, Madison

Listing courtesy of eXp Realty, LLC.

1667 E Wehner Drive, Madison
$189,900
3 Beds ⋅ 1 Baths ⋅ 2026011479 MLS
Move-In Ready & Energy-Efficient 3-Bedroom Ranch. Welcome to 1667 E Wehner Drive. 3-bedroom, 1-bathroom single-family home offers 1,101 sq. ft. on a 0.34-acre lot in the quiet Wehner Addition subdivision. What truly sets this property apart is the extensive list of high-ticket, structural upgrades designed for worry-free living and low utility bills: Roof & Flooring: A durable, low-maintenance metal roof was installed just 9 years ago, alongside beautiful updated flooring throughout most of the home. HVAC & Windows: Enjoy year-round comfort and efficiency with a central HVAC system and replacement windows—all less than 10 years old. Superior Insulation: The crawl space is fully insulated, and the attic has been insulated well above standard requirements, ensuring maximum energy savings. Outside, the yard provides opportunities for gardening, pets, or outdoor entertaining. Located just minutes from historic downtown Madison, local shopping, and Clifty Falls State Park, this home is perfect for first-time buyers, downsizers, or savvy investors. Schedule your showing today before it's gone!

1667 E Wehner Drive, Madison

Listing courtesy of XO Realty, Inc.

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.

2518 Franks Drive, Madison
$242,400
3 Beds ⋅ 1 Baths ⋅ 2026011435 MLS
Motivated Seller- Schedule a showing today! Conveniently located on Madison's Hilltop this 3 BD, 1 BA home has several updates... Metal Roof (2021/2026),Bathroom 2021, Refrigerator 2022, Dishwasher 2025, Garage Door Opener 2025 and updated flooring. PLUS- the 12 x 23 shed has a full working bathroom and living space with window ac and electric heater- would make a great office/hangout! Enjoy this large lot with a small creek running though it plus wooded land and fenced back area for pets. Just minutes away from shopping, hospital, schools and historic Madison. Motivated Seller so schedule a showing today!

2518 Franks Drive, Madison

Listing courtesy of eXp Realty, LLC.

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