Bloomington Homes under $400,000

Welcome to Bloomington, Indiana – a vibrant city nestled in the heart of Monroe County, known for its rich cultural heritage, beautiful landscapes, and a welcoming community spirit. Home to Indiana University, Bloomington boasts a youthful energy that combines academic excellence with a thriving arts scene. From the stunning limestone architecture to the picturesque parks, this city offers a unique blend of urban amenities and natural beauty.

For those looking to settle down in Bloomington without breaking the bank, the real estate market has plenty to offer. With a variety of homes priced under $400,000, prospective buyers can find their dream residence in this dynamic city. Whether you’re seeking a charming bungalow with a historic touch, a modern townhouse with contemporary finishes, or a spacious family home with a backyard perfect for summer barbecues, Bloomington has options that cater to diverse tastes and lifestyles.

The neighborhoods here are as diverse as the residents themselves, each offering its own unique charm. Enjoy a leisurely stroll through the tree-lined streets of Elm Heights, explore the vibrant community around the downtown area, or relax in the serene surroundings of the near-campus neighborhoods. With excellent schools, local parks, and a plethora of dining and entertainment options, Bloomington is not just a place to live; it’s a place to thrive.

Discover the beauty and possibilities of Bloomington, Indiana, where your perfect home awaits – all at an affordable price! Embrace the opportunity to be part of this exceptional community and make your move to Bloomington today.

Newest Bloomington Homes under $400,000

$350,000

4 Beds ⋅ 2 Baths ⋅ 202640885 MLS ⋅ 2,320 SqFt. ⋅ Courtney Mullis

Interior photos coming soon! The home is currently being cleaned out and prepared for photos, but there is already plenty to get excited about at this unique 5-acre property. With a home plus three large outbuildings, this property offers an incredible amount of space and flexibility for hobbies, animals, storage, workshops, or creating your own homestead-style setup. The home features living space on both levels, including kitchen areas upstairs and downstairs, two bedrooms on each level, and a main-level office that offers additional flexible space. Wood stoves on both levels provide an additional heat source, along with hot-water heat and mini-splits on each level. Hardwood floors, main-level laundry, and a large wraparound deck add to the home's appeal. Outside is where this property really stands out. A 24x36 garage with overhead storage provides plenty of room for vehicles and equipment. A separate large barn, previously used for horses, offers options for animals or additional storage. The impressive 64x30 building provides even more possibilities, with a workshop area above and a lower-level garage/basement space. A large concrete area offers additional room for gatherings, projects, or outdoor use. There is even a 6x8 walk-in cooler on the property. With five acres, multiple substantial outbuildings, and an incredibly versatile setup, this is a property with plenty of room to make it your own. Whether you're looking for workshop space, storage, room for animals, or simply a property that gives you options, there is a lot here to work with—and plenty of potential still to discover.

5565 S Rockport Rd, Bloomington

Listing courtesy of Courtney Mullis from Berkshire Hathaway HomeServices Indiana Realty-Bloomington. Cell: 812-327-0650

$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

$359,900

3 Beds ⋅ 2 Baths ⋅ 202640820 MLS ⋅ 1,272 SqFt. ⋅ Jeff Warden

Tucked into one of Bloomington's most desirable and popular neighborhoods, 5 blocks from the IU campus, this charming 50's style home radiants mid-century charm while offering the comfort and convenience today's buyers expect. The living room features warm hardwood floors and a striking limestone fireplace flowing directly into the adjoining dining room with built-in shelving and cabinets. A layout perfect for both cozy evenings and easy entertaining. Relish in the remodelled eat in kitchen with custom cabinets, stone countertops and stylish backsplash designed by Rake Solutions. Complemented by SS refrigerator, gas range, Bosch dishwasher, and a new microwave that ties the kitchen together beautifully. Off the breakfast area is a 24' x 14' secluded deck, installled in 2020, overlooking the secluded and fenced backyard. Each of the 3 bedrooms have hardwood floors and ample closet space. Including a 1/2 bath in the primary bedroom adds a nice touch to the moderization of the home. Centrally located, the full bathroom has an attractive vanity with granite top, tiled shower/tub combo and graceful tile flooring. Full of additional storage the dry unfinished basement, with washer/dryer, numerous cabinets and shelves, plus a stand alone freezer, will all convey with the property. Ideally located only minutes to campus, Bryan Park, shopping and restuarants, this home is an excellent choice for home owners and investors alike. School district is Rogers/Binford, Jackson Creek and Bloomington South.

724 S Eastside Dr, Bloomington

Listing courtesy of Jeff Warden from Realty Professionals. Offc: 812-650-3600

$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.

$385,000

3 Beds ⋅ 1 Baths ⋅ 202640560 MLS ⋅ 1,304 SqFt. ⋅ Dan Rarey

Updated Ranch/Bungalow in Great Location. This updated 1940's home is convenient to the IU Campus, IU Health Hospital and all of Bloomington's NE side amenities. Just across from the IU Sports Complex on Matlock Road it offers a convenient location and also a large (over 1/2 acre) lot and yard with rear yard privacy. Living room with period knotty pine paneling and limestone fireplace, adjacent dining area, large kitchen. Three bedrooms plus study with bookshelves. Hardwood floors. Garage is attached via breezeway. Large deck overlooks lovely backyard. Unfinished basement/cellar. This is a hard to find type of property in an excellent location that is ready to move into. Suitable for owner occupancy or rental/investment.

1615 E Matlock Rd, Bloomington

Listing courtesy of Dan Rarey from Dan Rarey Real Estate.

$299,900

3 Beds ⋅ 3 Baths ⋅ 202640544 MLS ⋅ 1,440 SqFt. ⋅ Andy Walker

Comfortable, well-maintained, and conveniently located, this 3-bedroom, 2.5-bath home offers a functional floor plan with generous living spaces and an attached two-car garage. The main level features a spacious living room with plenty of natural light, an adjoining dining area, and a nicely sized kitchen with abundant cabinetry, stainless steel appliances, and good workspace. A convenient half bath and laundry area complete the main level. Upstairs, the roomy primary suite offers a large bedroom, private bath, and walk-in closet. Two additional bedrooms and a second full bath provide plenty of space for family, guests, or a home office. Outside, mature landscaping, established trees, a covered front porch, and a nicely sized yard create an inviting setting. Located on a quiet cul-de-sac with easy access to shopping, dining, schools, I-69, and downtown Bloomington, 675 S Bosell Court offers a great combination of space, convenience, and value.

675 S Bosell Ct, Bloomington

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

$365,000

3 Beds ⋅ 2 Baths ⋅ 202640461 MLS ⋅ 1,876 SqFt. ⋅ Deborah Tomaro

Easy one-level living with no steps, generous storage, and a long list of updates—all in a low-maintenance condo setting. This 3-bedroom, 2-bath home offers the convenience of everything on one floor, including a spacious primary suite with a zero-step walk-in shower and walk-in closet. Hardwood floors extend throughout most of the home, while vaulted ceilings and a gas fireplace make the living area feel open, bright and inviting. The updated kitchen is complemented by a huge walk-in pantry plus a separate coffee station with its own sink. Three bedrooms provide flexibility for guests, an office, hobbies or exercise space. Outside, enjoy private outdoor space with a privacy screen and the added bonus of backing up to a park. There's also a two-car garage and attic storage. The location makes everyday life easy, too, with Bloomington's east-side shopping, grocery stores, restaurants and other amenities just minutes away. You can enjoy a quiet residential setting while keeping the conveniences you use most close at hand. Major systems offer additional peace of mind, with a roof approximately 6 years old and HVAC approximately 5 years old. And this is where condo living really shines: the monthly HOA fee covers exterior maintenance, roofs, driveways, snow removal, lawn care, annual HVAC cleanings and regular dryer-vent cleaning. The driveways were recently resurfaced, and the community benefits from a financially strong HOA. It's the kind of lock-and-leave lifestyle that makes it easy to travel, head south for the winter, or simply spend your time doing something other than taking care of the house. No steps. No lawn to mow. No snow to shovel. Just comfortable, practical living with room for the things—and people—you love.

2260 E Cape Cod Dr, Bloomington

Listing courtesy of Deborah Tomaro from Deb Tomaro Real Estate. deb.tomaro@homefinder.org

$299,000

3 Beds ⋅ 2 Baths ⋅ 202640440 MLS ⋅ 1,955 SqFt. ⋅ Sable Beyers

Enjoy a private wooded setting just minutes from Bloomington’s favorite destinations! Situated on a spacious 0.93-acre lot, this clean, well-maintained ranch over a fully finished basement offers 3 bedrooms, 2 full bathrooms, and an oversized 2-car garage with abundant storage. Conveniently located just minutes from I-69 access, IU campus, and Griffy Lake—and only 5 minutes from IU Memorial Stadium—this home offers easy access to both town and outdoor recreation. The main level features a comfortable living room, dining area, kitchen, laundry, two bedrooms, and a full bathroom. Downstairs, the finished basement provides a second living room, another full bathroom, and an exceptionally large third bedroom. Ample closets throughout the home and additional storage areas in the garage make staying organized easy. Step outside to enjoy a private backyard with lovely wooded views and a fully fenced area, perfect for relaxing or entertaining. Major updates within the last five years include an entirely new septic system, new roof and water heater in 2023, new windows in both main-level bedrooms, bathroom remodels, updated kitchen flooring, and a new privacy fence. The furnace is approximately 9 years old. With generous living space, a beautiful setting, and so many big updates already completed, this home is ready for its next chapter.

4414 N Old State Road 37, Bloomington

Listing courtesy of Sable Beyers from Beyers Realty. Cell: 812-327-8734

$214,900

4 Beds ⋅ 3 Baths ⋅ 202640422 MLS ⋅ 2,448 SqFt. ⋅ Isaac Redden

Don’t miss this affordable living home! ?Perfect for first-time buyers, a growing family, or a high-yield investment property. Conveniently located in a central neighborhood close to all essential amenities, schools, and shopping. ?Key Features: ?4 Spacious Bedrooms & 3 Full Bathrooms ?Separate Living Spaces: Ideal for multi-generational living or rental potential ?Full Walkout Basement: Tons of natural light and direct outdoor access ?Attached Garage: Convenient parking and extra storage ?Cul-de-Sac Location: Low traffic, quiet, and safe setting

1201 W Green Tree Ln, Bloomington

Listing courtesy of Isaac Redden from Century 21 Scheetz - Bloomington. Cell: 812-325-5080

$289,000

3 Beds ⋅ 3 Baths ⋅ 202640221 MLS ⋅ 1,266 SqFt. ⋅ Samantha Brummett

Welcome Home! This charming two-story home offers a great location, a fenced-in backyard, and convenient access to schools, shopping, dining, and more. The light-filled main level features an open living room with a cozy fireplace, flowing seamlessly into the dining area and kitchen. You’ll also find the convenience of main-level laundry and a half bath. Upstairs, there are two nicely sized bedrooms with a full bath located conveniently down the hall. The spacious primary bedroom features its own connecting bath with a walk-in shower and a large walk-in closet. Situated in a great neighborhood and close to everything you need, this home is ideal for anyone looking to enjoy the convenience of being in town. The home is in good condition and offers a wonderful opportunity for a new owner to personalize and update the space to make it their own. Priced right and ready for new ownership — come see all this home has to offer!

436 E Laurelwood Dr, Bloomington

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

$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

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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.