Paoli Homes under $200,000

Welcome to Paoli, Indiana – a hidden gem nestled in the heart of Orange County. Known for its picturesque landscapes and friendly community, Paoli offers a unique blend of small-town charm and modern conveniences. With a rich history dating back to the early 1800s, this vibrant town is surrounded by stunning natural beauty, including the nearby Hoosier National Forest, making it a perfect haven for outdoor enthusiasts and nature lovers alike.

Paoli boasts a welcoming atmosphere, with local shops, cozy cafes, and family-owned restaurants that reflect the town's warm, community-oriented spirit. Residents enjoy a slower pace of life, where neighbors become friends and local events foster a sense of belonging. The town is also home to the famous Paoli Peaks, a popular destination for skiing and snowboarding in the winter, ensuring that there’s always something to do year-round.

For those seeking affordable housing options, Paoli presents an excellent opportunity with homes available under $200,000. Whether you're a first-time homebuyer, a growing family, or looking to downsize, you’ll find a variety of charming properties that cater to diverse needs and budgets. From quaint cottages to spacious family homes, Paoli offers a range of options that combine comfort and value.

With its beautiful surroundings, strong community ties, and affordable housing market, Paoli is not just a place to live; it’s a place to thrive. Come discover the joys of life in Paoli, where your dream home awaits!

Newest Paoli Homes under $200,000

$139,000

3 Beds ⋅ 1 Baths ⋅ 202640893 MLS ⋅ 1,577 SqFt. ⋅ RANDY CHAPLIN

Pride of ownership shows in this well-kept 1 1/2 story home in Paoli that has been home to the same owner since 1963. The home offers 3 bedrooms and 1 full bath, with 2 bedrooms and the bathroom conveniently located on the main level and a spacious third bedroom upstairs. The living room features a large front window providing plenty of natural light, while the kitchen offers plenty of cabinet and counter space with all appliances included. Additional features include central air, a separate laundry/utility area and a new hot water heater. Situated on two lots totaling .33 acres, the property offers a generous in-town yard with mature landscaping, along with a concrete driveway and rear deck. The detached outbuilding features a concrete floor, workbench and shelving, making it a great space for a workshop, hobbies, lawn equipment or additional storage. All city utilities and immediate possession available. After more than 60 years with the same owner, this well-maintained home is ready for its next chapter.

501 Poe St, Paoli

Listing courtesy of RANDY CHAPLIN from Brooks Galloway Real Estate. Office: 812-936-7301

$79,900

2 Beds ⋅ 1 Baths ⋅ 202640360 MLS ⋅ 876 SqFt. ⋅ Opal Sermersheim

This 2-bedroom, 1-bath home is located near the downtown square and the hospital. The home offers a full, unfinished basement, a separate laundry and dining room, and a large eat-in kitchen with plenty of cabinet and countertop space. Selling As Is.

217 Monon Dr, Paoli

Listing courtesy of Opal Sermersheim from SELL4FREE-WELSH REALTY CORPORATION. andy.welshs4f@gmail.com

$169,900

3 Beds ⋅ 2 Baths ⋅ 202637593 MLS ⋅ 952 SqFt. ⋅ Amanda Childers

Escape to your own private retreat with this 3-bedroom, 2-bath home situated on 18.65 beautiful acres! Offering 1,294 sq. ft. of living space, this property combines comfortable living with the peace and privacy of a gorgeous wooded setting. Inside, you’ll love the open-concept layout, featuring a spacious living area that flows into a beautiful kitchen with an eat-in bar—perfect for everyday meals, entertaining, and gatherings. Tucked away on a private road and surrounded by woods, just down from The Hoosier National Forest, this property offers incredible privacy and wonderful hunting right outside your door. With 18.65 acres, there may also be timber potential, adding even more possibilities to this unique property. Outside, relax around the fire pit, enjoy the convenience of a circular drive, and take advantage of several versatile outbuildings. There’s a shed with flooring and air conditioning, a separate mower shed, and a fun bar shed that’s ready to become your favorite spot for entertaining. If you’ve been searching for a home where you can get away from it all without ever leaving home, this peaceful wooded retreat offers the privacy, acreage, and outdoor lifestyle you’ve been waiting for. Property being sold as-is.

3457 S State Road 37, Paoli

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

$135,000

5 Beds ⋅ 1 Baths ⋅ 202634381 MLS ⋅ 2,449 SqFt. ⋅ Elmer Lambright

Step into a unique piece of Paoli history with this spacious 5-bedroom, 1-bath home offering 2,449 finished square feet. Built in 1935 by Dr. Clark, the property originally served as both his medical practice and personal residence, giving the home a story and character all its own. Ready for your personal touches, this property offers an exciting opportunity to restore and update while preserving its original charm. Beneath the carpet throughout the main level and in three of the upstairs bedrooms, you'll find original hardwood floors just waiting to be brought back to life. Additional historic details include the original front door and built-in cabinetry in the dining room. Enjoy views of the Orange County Courthouse and a convenient location in the heart of Paoli. With generous living space, distinctive character, and a rich local history, this home is ready for its next chapter.

500 N Gospel St, Paoli

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

$180,000

3 Beds ⋅ 2 Baths ⋅ 202633767 MLS ⋅ 1,100 SqFt. ⋅ Natasha Johns

INVITING. COMFORTABLE. SPACIOUS. Welcome to this inviting THREE bedroom, TWO bathroom home featuring a covered front porch, the perfect place to relax or entertain throughout the day. Inside, you'll discover a bright open-concept layout that seamlessly brings together the kitchen, dining, and living areas, creating a comfortable setting for both everyday living and gatherings. The spacious living room is filled with natural light, creating a warm and welcoming atmosphere. The eat-in kitchen offers plenty of space for meals, entertaining, and everyday convenience. The thoughtfully designed split-bedroom floor plan provides added privacy, with the primary suite located to the right, while two additional bedrooms and a guest bathroom are located on the left. Out back, enjoy the covered porch, offering a peaceful spot to relax and take in the surrounding views. Home comes complete with kitchen appliances and may qualify for 100% USDA financing. Utility averages are: Town of Paoli ($150/month), Indiana Natural Gas ($88/month), Town of Orleans ($95/month), and Orange County Fiber ($55/month). With its open layout, welcoming outdoor spaces, and thoughtfully designed floor plan, this home offers an ideal setting for comfortable everyday living and entertaining.

203 Ne 1st St, Paoli

Listing courtesy of Natasha Johns from Williams Carpenter Realtors.

$185,000

3 Beds ⋅ 2 Baths ⋅ 202632546 MLS ⋅ 1,176 SqFt. ⋅ Dylan Hoover

Why wait to build when you can own a move-in ready home built in 2020? This 3-bedroom, 1.5-bath home offers modern features, a functional layout, and a convenient in-town location. The spacious primary bedroom includes a private half bath, while the kitchen provides generous counter space and ample cabinetry for storage and meal preparation. Step outside to the covered front porch overlooking the fenced backyard, offering plenty of space to relax, entertain, or enjoy pets. A storage shed provides additional room for lawn equipment and tools. Conveniently located close to town, this home is ready for its next owner.

316 W Thornton St, Paoli

Listing courtesy of Dylan Hoover from Re/Max First.

$164,900

2 Beds ⋅ 1 Baths ⋅ 202628816 MLS ⋅ 800 SqFt. ⋅ Jody Cobb

Experience modern living in this newly built 2024 home. Featuring 2 bedroom and 1 full bathroom. This thoughtfully designed home offers a stylish and efficient layout, and piece of mind that comes with new construction.

323 Horton Ave, Paoli

Listing courtesy of Jody Cobb from Williams Carpenter Realtors. Cell: 812-583-2084

$139,000

1 Beds ⋅ 1 Baths ⋅ 202623133 MLS ⋅ 375 SqFt. ⋅ RANDY CHAPLIN

Completely remodeled and move-in ready, this charming cottage is the perfect getaway for outdoor enthusiasts, weekend adventurers, or those seeking a peaceful retreat. Featuring 1 bedroom, 1 full bath, ductless HVAC, public water, and private septic, this property offers comfortable and low-maintenance living. Situated on five lots totaling approximately 0.69 acres, there is plenty of room to relax and enjoy the outdoors. An added bonus is the camper hookup complete with water, septic, and electric, making it easy to accommodate guests or additional recreational vehicles. Located just a short drive from Patoka Lake and downtown French Lick, this property is ideally positioned for boating, fishing, golfing, dining, and entertainment. With hundreds of acres of government land nearby, hunting, hiking, and outdoor recreation opportunities are right at your doorstep. Whether you're looking for a vacation getaway, hunting camp, fishing retreat, or potential short-term rental investment, this property offers an affordable opportunity to enjoy all that Southern Indiana has to offer.

5819 S Wild Chestnut St, Paoli

Listing courtesy of RANDY CHAPLIN from Brooks Galloway Real Estate. Office: 812-936-7301

$169,000

4 Beds ⋅ 2 Baths ⋅ 202626224 MLS ⋅ 2,891 SqFt. ⋅ Arla Jean Frazier

WELCOME TO 106 COLLEGE AVENUE IN THE HEART OF PAOLI WALKING DISTANCE TO HISTORIC TOWN SQUARE & LISTENING DISTANCE TO THE COURT HOUSE CHIMES * A CLASSIC 1900'S HISTORIC BUNGALOW CHERISHED BY OWNER FOR 33 YEARS * A WARM WELCOME AWAITS YOU FROM THE MOMENT YOU STEP INSIDE THE EXPANSIVE 3-SEASON 24 X 10 GLASSED-IN FRONT PORCH TO THE LOVELY INTERIOR FEATURING ARCHWAYS, 10 FT CEILINGS & TIMELESS DETAILS * 4-BED + 2 BATHS (MAIN LVL BATH UPDATED W/GLASS WI SHOWER) * 25x15 L/R FEATURES LARGE WIDNOWS FLANKING FIREPLACE (GAS HEATER INSERT) * DEN/SITTING ROOM OFF L/R IS LIGHT AND BRIGHT * 16 X 10 FORMAL DINING ROOM * 15 X 14 EAT-IN-KITCHEN FEATURES ARCHED FAUX BRICK ACCENT WALL AND ATTACHED 12 X 6 LAUNDRY ROOM W/PANTRY CLOSET & ADDITIONAL CABINETS * 2 MAIN LEVEL BEDROOMS * PRIMARY BED FEATURES W/I CLOSET * OFF SET FORMAL STAIRCASE LEADS TO CHARMING UPPER LEVEL 20 X 9 LANDING WITH WINDOW SEAT 2 LARGE BEDROOMS WITH KNEE WALL STORAGE & CLOSETS * UNFINISHED W/O BASEMENT WITH WORKSHOP AREA AND 2ND FULL BATH * LOWER MAINTENANCE VINYL SIDING EXTERIOR & METAL ROOF * 4+ CARPORT * MATURE LOT (2 PARCELS = .42 AC) IDEAL FOR GARDEN AREA * 2 OUTBUILDINGS * DRIVEWAY BELONGS TO 106 WITH ACCESS EASEMENT TO NEIGHBOR TO NORTH * STARTER APPLIANCES INCLUDED * ONE LOOK AND YOU WILL WANT TO CALL THIS HOME!

106 College Ave, Paoli

Listing courtesy of Arla Jean Frazier from Ever Real Estate, LLC.

$79,900

3 Beds ⋅ 1 Baths ⋅ 202628092 MLS ⋅ 925 SqFt. ⋅ Elmer Lambright

Unlock the potential of this 3-bedroom, 1-bath investment opportunity situated on a spacious 0.85-acre lot. This fixer-upper is ready for your vision and offers endless possibilities for renovation or resale. Conveniently located just minutes from Walmart, restaurants, and everyday amenities, with Green Acres Golf Course nearby for recreation. Whether you're looking to renovate, flip, or add to your rental portfolio, this property offers a great location and plenty of room to create value.

1556 Ne Main St, Paoli

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

$144,900

2 Beds ⋅ 1 Baths ⋅ 202624214 MLS ⋅ 768 SqFt. ⋅ Beverly Lawyer

Looking for your own home away from home near Patoka Lake? This charming retreat in the desirable Wildwood Lake Shores community comes fully furnished, very clean, and offers the perfect blend of relaxation, recreation, and investment potential! Nestled among mature shade trees on 4 lots, this property provides plenty of room to spread out and enjoy the outdoors. Spend your days boating, fishing, hiking, or exploring Patoka Lake, then return home to unwind on the spacious covered porch overlooking the beautifully landscaped grounds. The large gravel recreation area is ideal for outdoor games, gatherings around the fire pit, and making memories with family and friends. A pole barn provides ample storage for your boat, golf cart, jet skis, kayaks, and all your lake toys, making it easy to enjoy everything the area has to offer. Best of all, you’re located just minutes from the boat ramp, so getting on the water is quick and convenient. Whether you’re searching for a personal weekend getaway, a vacation home, or an opportunity to create an Airbnb or short-term rental, this property checks all the boxes. With its wooded setting, outdoor entertaining spaces, and proximity to Patoka Lake attractions, guests will love escaping here year-round.

4387 W Co Rd 640 S, Paoli

Listing courtesy of Beverly Lawyer from Century 21 Classic Realty. Cell: 812-483-1177

$99,900

3 Beds ⋅ 2 Baths ⋅ 202609588 MLS ⋅ 1,080 SqFt. ⋅ Karen Goodwine

Ranch style manufactured home featuring 3 bedrooms and 2 baths with a split floor plan. It has an open concept living area, covered front porch, and a storage shed. This home has solid potential for rental income or for resale and it is ideally located near the Paoli schools

515 S Oak St, Paoli

Listing courtesy of Karen Goodwine from Williams Carpenter Realtors. 812-276-8280

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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.