Bloomington Homes under $150,000

Welcome to Bloomington, Indiana—a vibrant city nestled in the heart of Monroe County, known for its rich cultural scene, picturesque landscapes, and welcoming community. Home to the renowned Indiana University, Bloomington is a hub of education, innovation, and artistic expression. With a thriving downtown area filled with charming boutiques, eclectic restaurants, and lively entertainment options, there’s always something to explore in this dynamic city.

For those looking to plant roots in Bloomington without breaking the bank, you’ll be delighted to discover that the city offers a variety of homes priced under $150,000. These affordable options make it an ideal spot for first-time homebuyers, young professionals, and families seeking a cozy place to call home. Imagine settling into a charming bungalow or a quaint townhouse, all while being mere minutes away from the stunning natural beauty of the nearby Hoosier National Forest and the serene waters of Lake Monroe.

Bloomington’s strong sense of community is evident in its numerous parks, recreational activities, and annual events, fostering a lifestyle that balances work and play. With its affordable housing market, you can enjoy the best of both worlds—an engaging urban environment paired with the tranquility of suburban living. So whether you’re looking for a starter home, an investment property, or a place to retire, Bloomington’s real estate market has something for everyone. Come discover the charm of Bloomington, where your dream home awaits!

Newest Bloomington Homes under $150,000

$99,900

3 Beds ⋅ 1 Baths ⋅ 202640625 MLS ⋅ 1,248 SqFt. ⋅ Amy Kopp

Great opportunity to make this home your own! This 1,248 sq ft property offers a spacious layout and sits on a generously sized lot with a wooded backdrop, providing privacy and a peaceful setting. The home is ready for updates and improvements, making it ideal for buyers looking to add value and personalize their space. With a functional layout and plenty of room to work with, this property offers a strong foundation for renovation and future potential. Whether you're looking to create your own home or invest in a project with upside. being sold "AS IS"

6655 S Harmony Rd, Bloomington

Listing courtesy of Amy Kopp from RE/MAX Acclaimed Properties. Cell: 812-272-3000

$145,000

1 Beds ⋅ 1 Baths ⋅ 202639919 MLS ⋅ 600 SqFt. ⋅ Laura Stevens

Nestled in the heart of Maple Heights, this one bedroom, one bath home is just minutes from Indiana University and downtown Bloomington. This home has rental history and could be an investment or owner occupied property. The floorplan includes a front living room, hallway to the bedroom, kitchen, and bathroom and a covered back porch area. The back yard is private and offers green space plus there is a driveway big enough for two cars offering off street parking. The flooring in the living space is hardwood and the kitchen is light filled with a nice window placed over the sink area and washer and dryer hookups for ease and convenience . Close to amenities, this is an opportunity for a new owner to create a home with history and a bit of style. This property is being sold AS IS.

918 N Maple St, Bloomington

Listing courtesy of Laura Stevens from The Indiana Team LLC. Offc: 812-961-8000

$100,000

1 Beds ⋅ 1 Baths ⋅ 202636400 MLS ⋅ 460 SqFt. ⋅ Eweami Powers

Welcome to Pointe Retreat, where you can enjoy a low-maintenance home with the feel of a getaway! This cozy upper-level end unit offers natural light with vaulted ceilings and a skylight, plus a fireplace that makes the living space feel warm and inviting. This home would make a great full-time residence or the perfect weekend retreat. Luxury vinyl plank flooring gives the main living area a fresh, updated feel. Step outside and enjoy views of the golf course from the front deck, while the wooded view out back gives you a little more privacy and a peaceful place to unwind. Pointe Retreat has so much to offer - golf clubhouse, restaurant, pickleball courts, pool and cabana bar are just down the street, with Lake Monroe and Fourwinds Marina only a short drive away. Whether you're spending the day golfing, heading to the lake, relaxing by the pool or grabbing dinner at the clubhouse, there's always something to enjoy.

9245 S Pointe Retreat Dr, Bloomington

Listing courtesy of Eweami Powers from The Indiana Team LLC. Offc: 812-961-8000

$140,000

2 Beds ⋅ 2 Baths ⋅ 202635718 MLS ⋅ 1,088 SqFt. ⋅ Linda Kidwell

This 1-acre property offers excellent potential in a convenient location off IN-45. It includes a 1995 mobile home with 1,088 sq. ft., a detached propane-heated three-car garage, a garden shed, and a shelter house with electricity, a built-in gas grill, a fire pit, and swings—ideal for outdoor entertaining. RV hookups are available at the driveway and shelter house. The property is being sold as-is, with no known major repairs needed, but it does require some long needed TLC. Price is negotiable, and the seller will consider all offers.

5650 S Harmony Rd, Bloomington

Listing courtesy of Linda Kidwell from Camelot Realty Group. Offc: 812-825-4234

$100,000

2 Beds ⋅ 2 Baths ⋅ 202633716 MLS ⋅ 1,098 SqFt. ⋅ Lance DaSilva

Bring your vision to Prospect Hill. Located in one of Bloomington's most desirable west-side neighborhoods, 618 Howe Street presents a rare opportunity for a builder, investor, or buyer with the vision to take on a major reconstruction project. Offered at $100,000 and sold AS IS, the property is currently in shell condition, with significant demolition and little framing completed and no roof in place. This is not a typical renovation—it will require substantial reconstruction. But for the right buyer, the opportunity is compelling. A City of Bloomington Building Permit is already in place and transfers with the property to the new owner. The permit is valid through July 2, 2028. The permitted project includes engineered plans prepared by structural engineer Kevin Potter for an extensive renovation and addition that essentially reimagines and rebuilds the old existing home. A buyer can explore completing the existing permitted plans or pursue a different vision for the property, subject to applicable City and Historic District requirements. With R3 zoning, approximately 0.0895 acres, and a coveted Prospect Hill location, there is significant potential for someone who knows how to turn a challenging property into something exceptional. This is an opportunity to step in with much of the planning and permitting groundwork already completed and finish the project—or take it in an entirely new direction (thought a new permit would need to be applied for). Property is being sold strictly AS IS. Buyer to independently verify all zoning, Historic District requirements, permit details, plans, development potential, existing conditions, and other information important to the buyer.

618 W Howe St, Bloomington

Listing courtesy of Lance DaSilva from Century 21 Scheetz - Bloomington. Cell: 540-850-1623

$125,000

1 Beds ⋅ 1 Baths ⋅ 202633649 MLS ⋅ 1,024 SqFt. ⋅ Chris Clark

Affordable one bedroom home ready for your updates! Car port, fenced back yard. Ideal for a handyman or carpenter looking to build equity.

1018 E Thornton Dr, Bloomington

Listing courtesy of Chris Clark from Century 21 Scheetz - Bloomington. Cell: 812-322-1871

$139,777

3 Beds ⋅ 2 Baths ⋅ 202616994 MLS ⋅ 960 SqFt. ⋅ Alex Gul

Near Lake Monroe - Proximity to I-69 streamlines access. One mile from Moore's Creek boat ramp 10 minutes to town Very efficient heating Low Real Estate property Tax FULL Acre of Beautiful area near Lake Monroe. Paradise for Boaters. 3 Comfortable Bedrooms + 2 Full Bathrooms. 960 sq.ft. with a Laundry facility, including Washer and Dryer. House connected to Natural Gas.

7046 S Shields Ridge Rd, Bloomington

Listing courtesy of Alex Gul from Alex Gul Real Estate. Offc: 812-320-7555

$120,000

2 Beds ⋅ 1 Baths ⋅ 202630706 MLS ⋅ 728 SqFt. ⋅ Samantha Brummett

2.04 acres north of Bloomington with easy access to downtown, Schools, shopping and Hwy 37 and I69. 2 bedroom 1 bath trailer with new roof & survey. Would make a nice rental or place to build a home. Backs up to Yellow Wood State Forest and is on septic and city water.

8105 N Old St Rd 37 Cmn, Bloomington

Listing courtesy of Samantha Brummett from Millican Realty. Cell: 812-322-4830

$149,000

1 Beds ⋅ 1 Baths ⋅ 202619507 MLS ⋅ 572 SqFt. ⋅ Jamie Morris

Efficient floor plan with off street parking and a nice yard. Being sold AS IS.

632 N Adams St, Bloomington

Listing courtesy of Jamie Morris from Century 21 Scheetz - Bloomington.

$149,900

2 Beds ⋅ 2 Baths ⋅ 202629543 MLS ⋅ 758 SqFt. ⋅ Andy Walker

Unlock the potential in this affordable 2-bedroom, 2 full bath home! Offering 758 square feet of living space, this property is ready for its next chapter. Features include a spacious living room, eat-in kitchen, large primary bedroom with an adjoining full bath/laundry area, enclosed back porch, and detached two-car garage. Situated on a level corner lot with a generous yard, this home presents an excellent opportunity for investors, flippers, or buyers looking to build sweat equity. Convenient location close to shopping, restaurants, and everyday amenities.

2401 S Rogers St, Bloomington

Listing courtesy of Andy Walker from RE/MAX Acclaimed Properties. Cell: 812-325-1290

$110,000

2 Beds ⋅ 1 Baths ⋅ 202629230 MLS ⋅ 984 SqFt. ⋅ Suzette Weakley

Handyman Special! There is potential in this property for investors! This is an Estate Sale and - no disclosures. The price reflects the present condition. Property is being sold 'AS IS'. The lot is very pretty and the back yard is has many annual plantings and is partially chain-link fenced. There is a shared driveway on the west side of home. The outbuilding might have once been used as a one car garage(?). It appears to have been last used for a studio / garden workshop. It too is in need of repair but everything is salvageable! Cash or Construction finance would be most appropriate finance method for this property. Ask your lender about programs they might offer for fixer-uppers!

1520 W 7th St, Bloomington

Listing courtesy of Suzette Weakley from Bloomington Realty, Inc. Offc: 812-323-2323

$149,800

1 Beds ⋅ 1 Baths ⋅ 202621393 MLS ⋅ 750 SqFt. ⋅ Tracee Lutes

Proposed Construction. This affordable 2 BR, 2 Bath single-level plan offers great design! Known as The Baby Jade LUX version (excludes porch) with 1 BR, 1 Bath, and 750 SF. There is a standard version available for only $128,144, a MAX version with 900 SF, 2 BR, 1 Bath for $143,444, and a LUX MAX version for $165,100. See attached brochure. You may choose many of your selections and watch your home being built for you. Buyers may choose from other plans, making the purchase price higher or lower depending on preferred options. This is a part of the Summit Hill Land Trust development and the lot is a leased lot rather than a part of the purchase price and sale. The Land Trust will provide all information regarding a long-term land lease and the availability of financing. There is a maximum income limit for buyers to qualify for the program. The buyer is limited to earning less than 120% of the area's median income. Buyer's will work with a representative from the Land Trust to assist with the qualification process.

1629 N Breckenridge Rd, Bloomington

Listing courtesy of Tracee Lutes from RE/MAX Acclaimed Properties. Cell: 812-322-2650

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.