Bloomington Homes under $200,000

Welcome to Bloomington, Indiana—a vibrant city nestled in the heart of Monroe County, known for its rich cultural tapestry and stunning natural beauty. Home to Indiana University, Bloomington boasts a lively atmosphere filled with art, music, and diverse culinary experiences. The city seamlessly blends small-town charm with the amenities of a larger urban center, making it an ideal place for families, students, and professionals alike.

One of the most appealing aspects of Bloomington is its affordability, particularly for homebuyers seeking properties under $200,000. This price range opens the door to a variety of charming homes that cater to different lifestyles and preferences. Whether you’re looking for a cozy bungalow, a quaint cottage, or a modern townhouse, Bloomington offers a range of options that fit your budget without compromising on quality or comfort.

Imagine sipping coffee on your front porch while enjoying the beautiful views of the nearby hills or taking a leisurely stroll through the picturesque neighborhoods filled with lush greenery and friendly faces. With a strong sense of community, residents often gather at local parks, farmers' markets, and festivals that celebrate the city’s unique character.

Bloomington’s real estate market is thriving, and with homes priced under $200,000, now is the perfect time to explore your options. Discover the joys of living in this enchanting city, where affordability meets an enriching lifestyle. Let Bloomington be the backdrop for your next chapter—your dream home awaits!

Newest Bloomington Homes under $200,000

$175,000

4 Beds ⋅ 3 Baths ⋅ 202640842 MLS ⋅ 1,530 SqFt. ⋅ Laura Stevens

NEW HVAC and WATER HEATER! Discover the perfect blend of style and convenience in this updated 4-bedroom, 2.5-bath townhouse located in Timber Ridge on Bloomington?s south side. Freshly painted with brand-new flooring throughout, this home is move-in ready. The main floor offers a versatile layout that works perfectly for both daily living and hosting guests. The primary suite includes private access to the full bath, adding both comfort and functionality. Downstairs, the fully finished basement provides endless possibilities - whether you need a fourth bedroom, media room, home office, workout area, or additional living space. Enjoy easy access to shopping, schools, dining, and public transportation, making daily life simple and convenient. This is a fantastic opportunity to own a low-maintenance townhouse in a great location.

598 E Graham Pl, Bloomington

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

$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

$189,900

3 Beds ⋅ 1 Baths ⋅ 202640569 MLS ⋅ 1,032 SqFt. ⋅ Dan Rarey

Fix up or flip opportunity. This home has significant new features and upgrades but needs a total interior renovation. 3 bedrooms, 1 bath, 1,032 s.f. Mostly gutted. New roof shingles, soffit, gutters, exterior paint. Recent furnace & a/c. New Pella windows are ready to be installed. Situated in popular Westbrook Downs. Because of work needed, cash only please. Priced accordingly at $189,900.

4375 N Ridgewood Dr, Bloomington

Listing courtesy of Dan Rarey from Dan Rarey Real Estate.

$175,000

2 Beds ⋅ 1 Baths ⋅ 202640211 MLS ⋅ 800 SqFt. ⋅ Edward Buthelezi

Potential Alert!! checkout this unique property situated on 3.5 acres on Bloomington’s desirable south side. Offering incredible versatility, this parcel features two separate single-family dwellings—both being sold strictly as-is—making it an ideal setup for a multi-unit rental portfolio, a family compound, or a value-add flip. Left Unit: A charming 2-bedroom, 1-bath home featuring a solid limestone exterior and an detached 1-car garage. It just needs a buyer with vision to bring its classic character back to life. Right Unit: A 2-bedroom, 1-bath single-family home with vinyl siding, offering a great canvas for renovations and updates. Location is everything, and this property delivers. Enjoy room to spread out on expansive acreage while staying just minutes from southside amenities, including easy access to Lake Monroe for boating, fishing, racing, and outdoor recreation. Whether you're searching to build passive income or execute a high-upside transformation, 5601 S Handy Rd is packed with opportunity. Bring your contractor and your vision!

5601 S Handy Rd, Bloomington

Listing courtesy of Edward Buthelezi from Carpenter, REALTORS-Bloomington. Cell: 812-671-3070

$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

$169,900

5 Beds ⋅ 2 Baths ⋅ 202637562 MLS ⋅ 1,176 SqFt. ⋅ Andy Walker

5 Bd, 2 ba home w/rental permit for 5 on Bloomington's near West side of the downtown. Currently VACANT, this property can work well for an owner occupant or an investor. Lots of parking in back of the structure. Ultra-convenient to downtown Bloomington, Indiana University, and Downtown and West side restaurants, services, and shopping. Great chance to build equity! Property is being sold "AS IS." Immediate occupancy available!

1222 W Kirkwood Ave, Bloomington

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

$194,900

1 Beds ⋅ 1 Baths ⋅ 202636952 MLS ⋅ 564 SqFt. ⋅ Tim Ballard

This quaint little bungalow is located in the sought-after Bryan Park neighborhood! As a rental property it features 1 bedroom and a bathroom, an eat-in kitchen with an electric range and refrigerator, hardwood floors throughout, as well as an unfinished basement with a full-sized washer/dryer, and off-street parking. Currently rented for $1400/month for the 26-27 school year. This would be a great addition to any rental portfolio or make it your first investment. Set up your showing today!

1101 S Dunn St, Bloomington

Listing courtesy of Tim Ballard from Cornerstone Realtors. alignedpg@gmail.com

$179,000

3 Beds ⋅ 3 Baths ⋅ 202636841 MLS ⋅ 1,380 SqFt. ⋅ Juan Carlos Carrasquel CCIM

Unique opportunity to own a three-bedroom, two-and-a-half-bath townhome with a finished basement. The main level features a comfortable living room, an eat-in kitchen, a half bath, a large pantry, and new flooring. The kitchen also includes a new refrigerator, microwave, and electric range. Upstairs, you’ll find two bedrooms and a full bathroom, along with new carpeting and new bathroom flooring. The finished basement offers a versatile office area, a laundry closet, and a private primary suite with a full bathroom and direct access to its own patio.

729 E Sherwood Hills Dr, Bloomington

Listing courtesy of Juan Carlos Carrasquel CCIM from The JuanSells.com Realty Co. Juan@JuanSells.com

$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

$179,900

3 Beds ⋅ 2 Baths ⋅ 202635866 MLS ⋅ 1,160 SqFt. ⋅ Amy Kopp

Conveniently located 3-bedroom, 1.5-bath townhouse offering a spacious and functional open floor plan. The main level features a large eat-in kitchen, laundry area, half bath, and an expansive living room perfect for everyday living or entertaining. The kitchen opens to a private back deck, providing a great space to relax outdoors. Upstairs you’ll find three generously sized bedrooms and a shared full bath. Plenty of storage throughout and all appliances are included. Fantastic location close to Catalent, the B-Line Trail, Showers Park, and just minutes from downtown Bloomington, shopping, and dining.

1377 W Allen St Unit E5, Bloomington

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

$159,900

2 Beds ⋅ 1 Baths ⋅ 202634442 MLS ⋅ 672 SqFt. ⋅ AJ Bowlen

Charming, affordable, and ready for its next owner—3660 S Woods Avenue delivers all three in a peaceful rural pocket of Bloomington. Whether you're a first-time buyer, savvy investor, or simply seeking a simpler pace, this two-bedroom, one-bath home checks the boxes at a price point that's hard to overlook. Priced below a recent appraisal. Perched on a generous corner lot, the property greets you with tidy curb appeal and thoughtful care throughout. Step inside to find fresh flooring and newer appliances that make daily living easy from day one. Everything here feels clean, bright, and genuinely move-in ready—no projects, just comfort. A recently installed metal roof adds durability and long-term peace of mind, a smart upgrade you'll appreciate for years to come. Hobbyists and tinkerers, take note: the workshop garage space offers room to create, repair, or store your gear. And for buyers seeking a truly turnkey option, furnishings can be included—ask for details. The setting strikes a lovely balance between quiet countryside and everyday convenience. You're just minutes from the Monroe County Fairgrounds, where seasonal events bring the community together, while a Walmart Supercenter sits close by for all your errands and essentials. Well maintained inside and out, this cute little home proves that character and value can share the same address. Owner-occupied or income-producing, the potential is yours to shape. Opportunities like this move fast—schedule your showing and discover the easygoing charm waiting on Woods Avenue.

3660 S Woods Ave, Bloomington

Listing courtesy of AJ Bowlen from RE/MAX Acclaimed Properties. Cell: 812-345-3712

9479 S Lake Ridge Dr Unit 147A, Bloomington

$179,900

2 Beds ⋅ 2 Baths ⋅ 202634354 MLS ⋅ 900 SqFt. ⋅ Susan Slaven

Welcome to this beautifully remodeled 2-bedroom, 2-bath condo overlooking the 16th hole at Eagle Pointe Golf Resort. Enjoy convenient front-entry parking with only two steps, making access easy for full-time living, a weekend retreat, or an investment property. The updated interior features solid-surface countertops, stainless steel appliances, remodeled bathrooms, newer carpet, and a spacious screened-in back deck overlooking the golf course—the perfect place to relax and enjoy the peaceful surroundings. Major mechanicals and appliances, including the furnace, air conditioner, water heater, and appliances, windows and sliding doors are all less than five years old. The community has also benefited from recent exterior improvements, including updated siding and newer decking. This village offers the option for rental investment opportunities, adding flexibility for buyers looking for both personal enjoyment and income potential. Experience the Eagle Pointe lifestyle with an 18-hole golf course, on-site restaurant and bar, oversized swimming pool, and cabana, all surrounded by the natural beauty of southern Indiana. Just minutes from Lake Monroe and the resort marina, you'll have convenient access to boating, fishing, swimming, and everything the lake has to offer. Whether you're searching for a full-time residence, weekend getaway, or investment opportunity, this updated golf-course condo offers a wonderful combination of location, amenities, and low-maintenance resort living. Condo has been virtually staged

9479 S Lake Ridge Dr Unit 147A, Bloomington

Listing courtesy of Susan Slaven from Susan Slaven Realty. Cell: 812-325-5473

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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.