Bloomington Homes under $500,000

Welcome to Bloomington, Indiana, a vibrant city nestled in the heart of Monroe County. Known for its rich history, diverse culture, and stunning natural beauty, Bloomington is a delightful place to call home. This charming city is home to Indiana University, which infuses the area with youthful energy, cultural events, and a plethora of dining and entertainment options. With its picturesque parks, lively downtown, and friendly community, Bloomington offers a unique blend of small-town charm and urban sophistication.

For those looking to settle down in this enchanting city, Bloomington presents an array of homes under $500,000. Whether you’re a first-time homebuyer, a growing family, or someone looking to downsize, you’ll find a variety of options that cater to your needs. From cozy bungalows to modern townhomes, the real estate market in Bloomington is as diverse as its residents. Many of these homes feature beautiful architectural details, spacious yards, and are conveniently located near schools, shopping, and recreational facilities.

Living in Bloomington means enjoying a lifestyle filled with arts and culture, outdoor adventures, and a strong sense of community. Explore the scenic trails of the Hoosier National Forest, indulge in local cuisine at farm-to-table restaurants, or immerse yourself in the thriving arts scene with galleries and performances throughout the year.

With its welcoming atmosphere and affordable housing options, Bloomington is not just a place to live—it's a place to thrive. Discover your perfect home in this captivating city and experience all that Bloomington has to offer!

Newest Bloomington Homes under $500,000

$369,000

3 Beds ⋅ 2 Baths ⋅ 202641067 MLS ⋅ 1,513 SqFt. ⋅ Sable Beyers

Brand new ranch home by Valu-built Construction is now 100% done and move-in ready! Situated on 0.28 acre lot, this home features 3 bedrooms, 2 full bathrooms, an open concept kitchen, living, and dining area, and a two car garage. The kitchen features soft-close shaker cabinets, quartz countertops, subway tile backsplash, and stainless steel Whirlpool appliances. Interior finishes include Craftsman-style trim, three-panel Craftsman doors, and black hardware, lighting, and plumbing fixtures. LVP flooring covers the main areas with tile in the bathrooms and laundry room. Outside, the home features LP Smart siding on the front, vinyl siding on the sides and back, with a stone accent for added curb appeal. All finished photos are of a different completed build and serve as an example of what finishes may look like. Builder warranty is included.

4627 N Thomas Rd, Bloomington

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

$399,900

3 Beds ⋅ 3 Baths ⋅ 202641020 MLS ⋅ 2,184 SqFt. ⋅ Zakary Szymanski

Amazing price in Park Ridge East! This exceptional home is across from a popular park and was completely renovated in 2021 — roof, siding, windows, kitchen, bathrooms, plumbing, wiring, HVAC, tankless water heater. Offering 3 to 4 Bedrooms, 3 full baths, and 2,200 sq ft, it features vaulted ceilings, hardwood floors, quartz countertops, a primary bedroom suite, and an open living area with a bright sunroom! The generous lot includes a large yard, fully fenced in back, and low-maintenance fruit trees, native plants and perennials. Lower level has a study/playroom, third full bath, and a family room with space to accommodate another bedroom or guest suite. At the park: tennis, pickleball, basketball, and playground. The home also sits directly on a bicycle greenway, and is minutes to IU and College Mall, to complete your classic Bloomington experience.

4310 E Morningside Dr, Bloomington

Listing courtesy of Zakary Szymanski from Stellar Realty Group.

$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

$489,000

3 Beds ⋅ 3 Baths ⋅ 202640821 MLS ⋅ 2,062 SqFt. ⋅ Sable Beyers

Welcome to “The Maple,” a custom-built, 1.5-story bungalow by Oakstead Builders. Located on Bloomington’s southeast side in a new four-lot subdivision, this home is just 0.5 miles from Montessori School and 0.8 miles from the YMCA. Built to the National Green Building Standard at the Silver certification level, The Maple thoughtfully combines timeless character, energy-conscious construction, and modern finishes. Situated on a 0.23-acre lot extending approximately 239 feet deep, the property offers a truly special backyard setting. The rear portion is a designated tree-preservation area filled with mature woods and frequently visiting wildlife. Inside, a dedicated foyer with an arched opening welcomes you into the spacious, open-concept living area. The kitchen features soft-close shaker cabinetry, Level 3 quartz countertops, a tile backsplash, and stainless steel Samsung appliances. The living room opens to a 17-by-9-foot covered Trex deck overlooking the wooded backyard. The main-level primary suite includes a large walk-in closet and a beautifully appointed bathroom with a fully tiled walk-in shower with glass doors, and an impressive eight-foot double vanity with a central storage tower. A half bathroom and a generous storage closet beneath the stairs complete the main level. Upstairs, you’ll find two additional bedrooms, a spacious loft, and a finished 8-by-16-foot attic area—perfect for extra storage, a playroom, hobby space, or whatever suits your needs. The second full bathroom offers a double vanity, a soaking tub with tile surround, and a large linen closet. Completion is projected no later than the end of October. Blueprints, features list, warranty information, builder details, and additional documentation are available upon request.

1829 S Maxwell St, Bloomington

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

$439,900

4 Beds ⋅ 3 Baths ⋅ 202640817 MLS ⋅ 2,436 SqFt. ⋅ Jeff Warden

Tucked along Garden Path, this home feels welcoming from the moment you arrive. Step into bright airy living spaces, with 9' ceilings, new wood laminate flooring, fresh interior paint, as you flow through rooms with ease. Enjoy over 2400 square feet of living space, in this custom 4BR, 2.5 bath, meticulously cared for property. Designed for comfort and convenience the great room, with an appealing gas fireplace, opens to the dining room which adjoins a three sided glass sunroom leading to a spacious composite deck and private fenced backyard. The well appointed kitchen is situated to accommodate conversation with the "L" shaped breakfast bar. Rich wall to wall cabinets, abundent counter space, 2 pantry's w/ pull out shelves, and sleek LG SS appliances will delight any home chef. A half bath is conveniently located off the foyer. On the 2nd level, with plush new carpet, a vaulted ceiling adds a spectacular touch to the primary suite including a double vanity, jetted tub/shower & generous walk-in closet. Secondary bedrooms have neutral wall tones, large windows, closets and a shared full bath w/tub-shower combo. The 4th bedroom, which includes the laundry closet, offers the flexibility to be a bonus/exercise room, playroom or office where there is extra storage space and dormers adding additional light with there warm southern exposure. Located in one of Bloomington's fantastic southeast locations, only minutes to the IU Campus, downtown, shopping, two minutes to Verona Coffee House and Half Bottle Bistro. Walk or bike to the Jackson Creek Trail, Meadow Creek dog park, and Olcott Park. School district is Rogers/Binford, Jackson Creek and Bloomington South. Pristine, hospitable, affordable, and Move-In Ready!

2859 E Garden Path, 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

$472,000

3 Beds ⋅ 2 Baths ⋅ 202640610 MLS ⋅ 1,838 SqFt. ⋅ Lisa Funkhouser

Amazing home on large corner lot in Ellettsville's Java Heights subdivision. Enter through the stunning glass front door into immaculate hardwood floored great room with gas fireplace and added sunroom. This 3 bed 2 bath home has a roomy open feel with kitchen, family room and breakfast nook all visible as you enter the warm inviting main living area. The large bar is a kitchen island bar is great addition to the already spacious kitchen. Over 1800 Sq. Ft. of very functional space, split bedroom design and beautiful owners suite conveniently located on the West side of the home that includes a nice size walk in closet and garden tub with separate shower area. Both front and rear porches are covered for seasonal enjoyment. The rear patio area has a new gazebo to add to outdoor entertaining. The large attached garage is side load and has ample room for storage and work space including additional attic storage. The sunroom is spacious and allows for four season enjoyment as well. This home is simply wonderful, inviting and comfortable. You won't want to miss this rare opportunity.

4202 W Coffey Ln, Bloomington

Listing courtesy of Lisa Funkhouser from Funkhouser Real Estate & Property Manage. Cell: 812-322-0070

$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

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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.