Madison Homes under $400,000

Madison Homes under $400,000

Welcome to Madison, Indiana – a charming city that beautifully blends small-town warmth with rich historical significance. Nestled along the banks of the Ohio River, Madison is renowned for its picturesque landscapes, vibrant downtown, and a strong sense of community. With its historic architecture and scenic riverfront, Madison offers residents a unique lifestyle that celebrates both the past and the present.

For those seeking to plant roots in this delightful city, there’s an exciting array of homes available under $400,000. Whether you’re a first-time homebuyer, a growing family, or someone looking to downsize, Madison has something for everyone. From cozy bungalows and traditional two-stories to modern townhouses, the housing market here offers diverse options that cater to various tastes and budgets.

Living in Madison means enjoying a rich tapestry of local culture, with art galleries, boutique shops, and delicious eateries just a stone's throw away. Spend your weekends exploring the historic district, which boasts over 1,000 preserved structures, or take a leisurely stroll along the riverfront, where you can soak in breathtaking views and enjoy outdoor activities.

The community is also known for its excellent schools, friendly neighborhoods, and a plethora of recreational opportunities, making it an ideal place to raise a family or enjoy retirement. With affordable housing options and a welcoming atmosphere, Madison, Indiana, is more than just a place to live; it's a place to call home. Come and discover the charm of Madison today!

Newest Madison Homes under $400,000

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.

3211 E Geyman Hill Road, Madison
$319,900
3 Beds ⋅ 2 Baths ⋅ 2026012291 MLS
Enjoy country living just minutes from Madison’s hilltop! This 1,680 sq. ft. ranch home sits on approximately 6 acres in a beautiful, park-like setting and is in excellent condition. Featuring 3 bedrooms, 2 bathrooms, a spacious primary suite with private bath and walk-in closet, and a well-appointed kitchen with island, breakfast bar, and large pantry. Additional highlights include a large laundry room with utility sink and cabinetry, a covered front porch, deck, and pole barn. A wonderful combination of space, comfort, and privacy!

3211 E Geyman Hill Road, Madison

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

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.

709 Montclair Street, Madison
$269,900
3 Beds ⋅ 2 Baths ⋅ 2026012233 MLS
Welcome to this beautifully maintained 3-bedroom, 2 full bath home situated on a desirable corner lot in Madison’s hilltop area, just two blocks from the junior high and high schools. Thoughtfully updated and cared for, the home offers an inviting open-concept layout with fresh paint, recessed lighting, ceiling fans, and a mix of refinished hardwood, carpet, and tile flooring. The spacious primary bedroom features a walk-in closet with built-in organizers, while the remodeled full bath and convenient half bath add comfort and functionality. The kitchen flows easily into the living and dining areas and includes the refrigerator, range, and dishwasher. A fireplace offers the option for ventless gas logs, and the breezeway provides a convenient laundry area with washer and dryer. Outside, enjoy established landscaping, mature trees, a privacy-fenced backyard, and large deck—perfect for relaxing or entertaining. Recent improvements include a new water heater in December 2025, new furnace blower motor, thermostat and three control boards in 2026, plus a remodeled bathroom. Additional features include a newer roof, replaced main water and sewer lines, crawl space vapor barrier and sump pump, LeafFilter gutter guards, and double-hung windows with lifetime guarantees. Move-in ready and conveniently located near schools, shopping, and downtown Madison, this home offers comfort, convenience, and thoughtful updates throughout.

709 Montclair Street, Madison

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

208 WILDWOOD Drive, Madison
$324,900
3 Beds ⋅ 2 Baths ⋅ 2026012203 MLS
Immaculate and well cared for 3 BR 2 full BA brick home in desirable location. Roof 2 years old, heat and air 2 years old, w/h 6 years old. All new PEX plumbing 2025. New vinyl plank flooring throughout. New concrete driveway. F/R with gas log f/p. Covered rear porch. Large utility room with storage closet off garage. Too many updates to list. Come see for yourself!

208 WILDWOOD Drive, Madison

Listing courtesy of Real Estate Inc.

532 Miles Ridge Road, Madison
$349,900
3 Beds ⋅ 3 Baths ⋅ 2026012114 MLS
Welcome to this beautifully updated 3-bedroom, 2.5-bath ranch home in the desirable Miles Ridge neighborhood! Situated on a spacious corner lot, this inviting home offers a thoughtful split-bedroom floor plan, fresh finishes, and plenty of room to enjoy both inside and out. The heart of the home is the newly finished kitchen, featuring refinished cabinetry, stunning quartz countertops, a farmhouse sink, and brand-new stainless steel appliances. The dining area features access to a covered back porch and a newly fenced-in yard, perfect for entertaining family and friends! The home features many more updates, including newly finished bathrooms, newly painted trim and walls throughout the home, new flooring through the majority of the home, fresh landscaping, and more. With its desirable location, corner-lot setting, extensive updates, and inviting floor plan, this Miles Ridge gem is truly move-in ready and waiting for its next owner. Schedule your showing today!

532 Miles Ridge Road, Madison

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

738 Michigan Road, Madison
$299,900
3 Beds ⋅ 2 Baths ⋅ 2026012110 MLS
Discover the charm of this beautifully renovated historic home nestled in Downtown Madison. Offering 3 bedrooms, 2 full baths, and 2,080 sq. ft. of living space, this home blends timeless character with thoughtful updates. The remodeled galley kitchen features butcher block countertops, black stainless steel appliances, and a unique hidden wine cellar/reading nook. An expansive family room provides the perfect gathering space, complete with a new gas-log fireplace. The spacious primary suite includes a private sitting room and beautifully updated bath with heated floors for an added touch of luxury. Outside, enjoy two private courtyard areas for relaxing or entertaining. Conveniently located on the north side of Downtown Madison, you're just a short stroll from local coffee shops, boutiques, restaurants, and the scenic Ohio River. This Madison gem is one you won't want to miss!

738 Michigan Road, Madison

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

2020 Galway Trail S, Madison
$365,000
3 Beds ⋅ 2 Baths ⋅ 2026011948 MLS
Interior Features: Move-In Ready Updates: Enjoy peace of mind with a brand-new HVAC system and fresh interior paint throughout. Thoughtful Layout: The popular split floor plan provides maximum privacy for the primary suite. Refined Finishes: Highlights include rich wood flooring, elegant crown molding, custom cabinetry, and sleek stainless steel appliances. Outdoor Living & Yard: Outdoor Oasis: Step out onto the covered porch and spacious brick patio—perfect for entertaining or quiet morning coffee. Fully Equipped Yard: The large backyard features raised garden beds ready for your green thumb and a charming yard barn for extra storage. Whether you're relaxing inside surrounded by high-end finishes or enjoying the spacious backyard, this move-in-ready home has it all. Schedule your showing today before it's gone!

2020 Galway Trail S, Madison

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

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.

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