Mitchell Homes under $400,000

Welcome to Mitchell, Indiana—a hidden gem nestled in the heart of Lawrence County. Known for its rich history and small-town charm, Mitchell is a delightful community that offers the perfect blend of rural tranquility and modern convenience. With its picturesque landscapes, friendly residents, and vibrant local culture, Mitchell is an ideal place to call home.

One of the standout features of this charming city is its affordability. For those seeking a home under $400,000, Mitchell offers a variety of attractive options. From cozy bungalows to spacious family homes, you can find a property that suits your needs without breaking the bank. The real estate market here is diverse, with many homes featuring lovely yards, modern amenities, and easy access to local parks and recreational areas.

Mitchell is not just about affordable housing; it also boasts a strong sense of community. Residents enjoy a variety of local events, farmers' markets, and festivals throughout the year, fostering connections and a welcoming atmosphere. Additionally, the city’s proximity to larger urban areas allows for convenient access to shopping, dining, and entertainment while still providing the peaceful lifestyle many desire.

Whether you are a first-time homebuyer, looking to downsize, or seeking a family-friendly neighborhood, Mitchell has something for everyone. Explore the wonderful homes available under $400,000 and discover why so many are choosing to make this charming city their forever home. Come experience the warmth and community spirit of Mitchell, Indiana—where your dream home awaits!

Newest Mitchell Homes under $400,000

$359,900

3 Beds ⋅ 2 Baths ⋅ 202640674 MLS ⋅ 1,576 SqFt. ⋅ Christina Root

BREATHTAKING PANORAMIC COUNTRYSIDE VIEWS STRETCHING APPROXIMATELY FOUR MILES AND A GORGEOUS COUNTRY SETTING DEFINE THIS 9.71-ACRE WORKING MINI FARM, FEATURING A THREE-BEDROOM, TWO-BATH HOME, DETACHED TWO-CAR GARAGE, BARN, POLE BARN, AND FENCED PASTURE FOR CATTLE. SITUATED IN A BEAUTIFUL ELEVATED SETTING, THIS PROPERTY OFFERS MOSTLY OPEN PASTURE COMPLEMENTED BY TREES, CREATING AN UNCLUTTERED, OPEN LANDSCAPE WITH FLEXIBILITY FOR A VARIETY OF USES. THE EXPANSIVE VIEWS, USABLE ACREAGE, AND MULTIPLE OUTBUILDINGS MAKE THIS A STANDOUT OPPORTUNITY TO ENJOY COUNTRY LIVING. UPDATES INCLUDE LUXURY VINYL PLANK FLOORING IN THE DINING ROOM, LIVING ROOM, HALLWAY, AND LAUNDRY ROOM, ALONG WITH A COMPLETE LAUNDRY ROOM REMODEL. THE RED BARN HAS A NEW ROOF, NEW SIDING, AND UPDATED INTERIOR FINISHES. ADDITIONAL IMPROVEMENTS INCLUDE NEW PASTURE FENCING ALONG THE SOUTH FENCE LINE, AN UPDATED COW SHED, A NEW CHICKEN COOP AND RUN WITH AN AUTOMATIC DOOR AND ELECTRICAL OUTLET, UPDATED LANDSCAPING, AND A RESTORED SWIMMING POOL AND DECK WITH A REPLACEMENT POOL MOTOR. WOODED PATHS PROVIDE SPACE FOR UTV USE AND CAMPING, WHILE ADDED BARN LIGHTING AND ELECTRICAL SERVICE TO THE BARN, POOL, GARDEN, AND CHICKEN COOP ENHANCE THE PROPERTY’S FUNCTIONALITY.

1118 Kings Ridge Rd, Mitchell

Listing courtesy of Christina Root from Hawkins & Root Real Estate. Office: 812-675-6952

$99,000

3 Beds ⋅ 1 Baths ⋅ 202640067 MLS ⋅ 1,600 SqFt. ⋅ Christina Root

COUNTRY SETTING! Bring your ideas and make this property your own! This 3-bedroom, 1-bath home sits on 1.36 acres and offers plenty of potential for its next owner. Enjoy the peaceful country setting while being just steps away from the White River. The property also features a 2-car detached garage, providing additional parking and storage space. Whether you're looking for a place to call home or a property you can update to fit your vision, this one is worth a look! Home is being sold AS-IS, Cash or Conventional.

2959 Lawrenceport Rd, Mitchell

Listing courtesy of Christina Root from Hawkins & Root Real Estate. Office: 812-675-6952

$94,900

4 Beds ⋅ 2 Baths ⋅ 202640012 MLS ⋅ 2,306 SqFt. ⋅ Michael Sorrells

Looking for your next fixer-upper or investment opportunity? Own a piece of Mitchell history with this 1907, 2.5-story Victorian home at 512 W Frank Street! This property is ready for someone with vision to continue the work, complete the unfinished interior, and bring this historic home back to life. With 2.5 stories plus a basement, the home offers an impressive amount of space and a versatile layout with plenty of possibilities. The interior is not completely finished and will require additional renovation and finishing work, making this property especially well suited for an investor, renovator, or buyer searching for a project they can customize from the ground up. Whether the goal is restoration, renovation, resale, or creating a spacious home to enjoy, this property provides an exciting starting point. The home retains the character and charm associated with its early-1900s construction, including hardwood flooring and Victorian-era details. A mudroom adds useful everyday space, while the basement provides additional space beyond the main living areas. A detached garage offers even more room for parking, tools, equipment, storage, or workshop use. This is not a completely finished, move-in-ready home—it is an opportunity to take a historic property with substantial space and transform it into something special. Investors, renovators, and buyers who appreciate the character of older homes will find plenty of potential within these walls. Conveniently located in Mitchell near local amenities, 512 W Frank Street is ready for its next chapter. Bring your plans, creativity, and vision and see what this 2.5-story Victorian fixer-upper could become! Seller to choose title company

512 W Frank Street St, Mitchell

Listing courtesy of Michael Sorrells from Great Plains Land Company, LLC.

$298,900

3 Beds ⋅ 2 Baths ⋅ 202639503 MLS ⋅ 3,024 SqFt. ⋅ Kelli Lucas

Welcome home to this charming chalet-style retreat, beautifully situated on 2.51 peaceful acres! This spacious home offers 3 bedrooms, 2 full bathrooms, a comfortable family room, a separate living room, and plenty of space for everyone to relax. The large kitchen and dining area are perfect for the gatherings and entertaining-and wait until you see the EXTRA-LARGE walk-in pantry! 2 detached garages provides plenty of room for vehicles, storage, hobbies or a workshop. Enjoy the peace and beauty of country living on the large front deck while remaining just minutes from town. If you've been search for space, character and true country charm, this could be the one! Did we mention free Sparklight internet and streaming TV! AC and furnace new in 2024. New septic.

190 Tv Tower Rd, Mitchell

Listing courtesy of Kelli Lucas from LUCAS Indiana Realty and Home Services. dogwoodrealtyinc1@gmail.com

$210,000

3 Beds ⋅ 2 Baths ⋅ 202639287 MLS ⋅ 1,280 SqFt. ⋅ Taylor Spradlin

Enjoy the feel and finishes of a brand new home without waiting for construction to be completed! This 3 bedroom, 2 full bath home is move in ready! Inside you’ll find a spacious kitchen featuring a large island, pantry, and brand new appliances. The primary suite offers a private bathroom and walk in closet, while the laundry/mud room adds functionality with its own sink. Situated on approximately a half acre lot, there’s plenty of room to enjoy the outdoors, create your own backyard space, or explore the potential for adding a garage or outbuilding, subject to applicable zoning and restrictions. A unique opportunity to own a never lived in home with modern finishes, new appliances, and the space of a larger lot! Listing Agent is part owner.

307 N 2nd St, Mitchell

Listing courtesy of Taylor Spradlin from RE/MAX Acclaimed Properties. cell: 812-583-6241

$189,900

2 Beds ⋅ 2 Baths ⋅ 202638052 MLS ⋅ 1,260 SqFt. ⋅ Amy Seputis-Roll

Cute, charming and move-in ready! Built in 2020, this 2-bedroom, 1.5-bathroom home offers 1,260 sq ft of comfortable living space. Step onto the welcoming front porch with convenient ramped entry and inside to a spacious kitchen with plenty of room to gather. The primary bedroom offers a comfortable retreat, while the second bedroom provides flexibility for a variety of needs. Outside, you'll love the fenced-in backyard- perfect for pets, entertaining, or relaxing outdoors- plus a storage shed for extra space. With newer construction, a new 2026 roof, single-level floor plan, fenced yard, and plenty of charm inside and out, this one is ready to welcome you home!

1010 W Grissom Ave, Mitchell

Listing courtesy of Amy Seputis-Roll from Hawkins & Root Real Estate. Office: 812-675-6952

$180,000

3 Beds ⋅ 1 Baths ⋅ 202637635 MLS ⋅ 1,198 SqFt. ⋅ Austin Ranard

Step inside this inviting 2–3 bedroom ranch on a spacious corner lot, where natural light, original woodwork, and flexible living spaces create a warm and functional feel from the moment you enter. The welcoming sunroom opens into a bright living room, offering an easy place to relax, gather, or enjoy a quiet start to the day. The eat-in kitchen features ample cabinet space and convenient access to the main-level laundry room, keeping everyday living simple and efficient. Two bedrooms connect near the full bathroom with stand-up shower, while an additional versatile room offers options for a third bedroom, home office, hobby space, or guest area. A mudroom/office area off the kitchen adds even more functionality and leads to the spacious side yard, ideal for outdoor seating, gardening, or entertaining. Outside, you’ll find a one-car garage with attached carport plus off-street parking for added convenience. USDA financing may be available for qualified buyers. Schedule your showing and explore the potential this charming ranch has to offer.

449 N 7th St Cmn, Mitchell

Listing courtesy of Austin Ranard from Century 21 Scheetz - Bloomington. cell: 812-369-7913

$169,900

3 Beds ⋅ 2 Baths ⋅ 202636790 MLS ⋅ 1,104 SqFt. ⋅ AJ Bowlen

An appealing price point, manageable upkeep, and useful outdoor space make 55 Diana St a smart new option in Mitchell. Offering three bedrooms, two bathrooms, and 1,104 square feet, this manufactured home fits first-time buyers, downsizers, or investors considering a possible rental property. Everyday living feels comfortable thanks to a spacious open floorplan that keeps the kitchen and living area connected. The large kitchen features newer cabinets and countertops, providing an updated workspace with plenty of room for meal preparation and storage. Vinyl plank flooring runs through the kitchen and living room, making routine cleaning simpler and supporting an easy-care lifestyle. Privacy is thoughtfully built into the split-bedroom arrangement. The large owner’s suite occupies its own side of the home with a private bathroom, while two secondary bedrooms and another full bath sit separately. This flexible setup works well for children, guests, a home office, or shared living. Outdoors, the lot offers a great backyard without creating an overwhelming maintenance burden. The included playset adds immediate fun and value, while the remaining yard leaves room for pets, gardening, cookouts, or quiet afternoons outside. Both the interior and exterior are designed with straightforward upkeep in mind. Convenient access to State Road 37 helps simplify commuting and regional travel. Mitchell High School and Mitchell City Park are also nearby, placing education and recreation within easy reach. For buyers seeking value, functionality, and a comfortable amount of space, this property deserves a closer look.

55 Diana St, Mitchell

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

$229,000

3 Beds ⋅ 2 Baths ⋅ 202635861 MLS ⋅ 1,340 SqFt. ⋅ Kayla Burgi

This charming 3-bedroom, 2-full bath home is freshly renovated and ready for new owners! Situated on a spacious corner lot, the property features a one-car garage and a classic, well-defined floor plan. This prime location is within walking distance to Main Street the hub of community life. You’ll be just steps from local shops, restaurants, and the beloved Persimmon Festival parade route, making this home ideal for those who want to be close to it all. With tasteful updates throughout and a location that puts you in the heart of town, this home offers the perfect blend of comfort, character, and convenience. Don’t miss your chance to own a piece of Mitchell charm!

401 W Grissom Ave, Mitchell

Listing courtesy of Kayla Burgi from RE/MAX Acclaimed Properties. Cell: 812-583-8737

$344,900

5 Beds ⋅ 2 Baths ⋅ 202635543 MLS ⋅ 2,240 SqFt. ⋅ Amanda Childers

Escape to your own private retreat with this stunning 5-bedroom, 2-bath log cabin nestled on 2 beautiful acres across two separate lots—offering the perfect blend of wooded privacy and wide-open outdoor living. From the moment you arrive, you'll fall in love with the inviting covered front porch, the perfect place to enjoy your morning coffee while taking in the peaceful scenery. Inside, the spacious floor plan showcases gorgeous hardwood floors, warm wood accents, and the timeless charm that makes log homes so special. With five generously sized bedrooms, there's plenty of room for guests or a home office. Step outside to discover an incredible backyard designed for relaxing, entertaining, and enjoying nature. One lot offers a beautiful wooded setting, while the other provides an expansive yard with endless possibilities for gatherings, gardening, play, or simply soaking in the tranquil surroundings. Wildlife lovers will appreciate the frequent visits from deer and the peaceful country atmosphere. Additional features include a detached garage, a charming potting shed for gardening enthusiasts, and a spacious back deck that's perfect for grilling, entertaining, or unwinding after a long day. If you've been dreaming of a home that offers rustic charm, modern comfort, and breathtaking views with room to roam, this exceptional property is one you won't want to miss. Schedule your private showing today and experience the beauty of log cabin living for yourself!

8 Spice Valley Ct, Mitchell

Listing courtesy of Amanda Childers from Hawkins & Root Real Estate. Office: 812-675-6952

$215,000

3 Beds ⋅ 2 Baths ⋅ 202635444 MLS ⋅ 1,008 SqFt. ⋅ Elmer Lambright

This charming 3-bedroom, 1.5-bath ranch offers 1,008 square feet of comfortable living space and would make a great place to call home. Situated on a 0.2-acre lot, the property features a fenced backyard for added privacy, pets, play, or outdoor entertaining. Located on a quiet street in a well-kept neighborhood, you'll enjoy the convenience of being close to Mitchell schools and the Mitchell Community Pool. With its manageable size, inviting setting, and convenient location, this home is a great option for a first-time homebuyer, downsizer, or anyone looking for easy one-level living.

115 Hel Mar Dr, Mitchell

Listing courtesy of Elmer Lambright from eXp Realty, LLC. Cell: 812-653-4121

$44,900

3 Beds ⋅ 1 Baths ⋅ 202635378 MLS ⋅ 1,440 SqFt. ⋅ Ronita Walcott

Spacious three-bedroom home on corner lot. Home features a fenced back yard and a 20x24 detached garage. Rooms are large size and there is an enclosed front porch. Bring your design ideas to make this home your own.

438 W Oak St, Mitchell

Listing courtesy of Ronita Walcott from Evergreen Real Estate & Auctions. Cell: 812-327-6201

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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.