Marion Homes under $200,000

Welcome to Marion, Indiana—a charming township that perfectly blends small-town warmth with modern conveniences. Nestled in the heart of Grant County, Marion is a vibrant community known for its rich history, friendly residents, and a plethora of outdoor activities. With its picturesque parks, bustling local shops, and a strong sense of community spirit, Marion is an ideal place to call home.

One of the standout features of Marion is its affordability. For those looking to settle down without breaking the bank, there are numerous homes available for under $200,000. Whether you’re a first-time homebuyer, a growing family, or someone looking to downsize, Marion offers a variety of housing options that cater to diverse needs and budgets. From charming bungalows to cozy ranch-style homes, you’ll find residences that are not only affordable but also filled with character and potential.

Living in Marion means enjoying a peaceful lifestyle while still being close to essential amenities. The township boasts excellent schools, healthcare facilities, and recreational spots, ensuring that residents have everything they need right at their fingertips. Additionally, Marion’s strategic location provides easy access to larger cities, making it a perfect spot for commuters seeking a tranquil retreat after a busy day.

Explore the possibilities of homeownership in Marion, where affordable living meets a welcoming community. With homes under $200,000, your dream of owning a beautiful property in this delightful township is within reach. Come discover why Marion is the perfect place to plant your roots and create lasting memories.

Newest Marion Homes under $200,000

$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.

$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

$135,000

2 Beds ⋅ 1 Baths ⋅ 202637169 MLS ⋅ 1,652 SqFt. ⋅ Jeffrey Lawson

This is 2 lots this one and 16102 Winchester rd go together. Fixer upper in Yoder 2 to possibly 3 bedroom, needs some lovin on the inside.

3624 E Yoder Rd, Fort Wayne

Listing courtesy of Jeffrey Lawson from F.C. Tucker Fort Wayne.

$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

$169,000

3 Beds ⋅ 1 Baths ⋅ 202636226 MLS ⋅ 1,008 SqFt. ⋅ Jake Stiles

Welcome to this charming 3-bedroom, 1-bath ranch home nestled in a quiet rural setting in Lawrence County. Situated on a spacious .62-acre lot, this property offers plenty of room to enjoy the outdoors while providing the comfort and convenience of one-level living. The home features a 1-car garage and a large yard with plenty of potential for gardening, recreation, or simply relaxing in the peaceful surroundings. Inside, you'll find numerous updates with a fresh, neutral feel with NEW flooring, NEW windows, NEW gutters, NEW HVAC, NEW water heater and NEW paint throughout. Roof - 8/9 yrs old. These updates provide a move-in-ready foundation for its next owner. Located in a tranquil area while still offering access to the Bedford community and nearby amenities, this home is a great opportunity for anyone looking for space, updates, and a quieter pace of living.

102 Juliet Ln, Bedford

Listing courtesy of Jake Stiles from Coldwell Banker Stiles. jake@cbstiles.com

$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

$189,900

3 Beds ⋅ 1 Baths ⋅ 202635333 MLS ⋅ 1,400 SqFt. ⋅ Jody Dorais

This adorable 3-bedroom home with a bonus room and full bath is full of charm, updates, and flexible living space. With plenty of room to spread out, entertain, work from home, or entertain in the stunning backyard, this home is a must see. The kitchen offers ample cabinetry and flows nicely into the dining area, while the bright interior and neutral finishes make the home feel warm and inviting. Recent improvements include a 2024 roof, gutters, flooring, bathroom, water softener, doors, and storage shed, along with a 2025 on-demand water heater/boiler heating system. You’ll also appreciate a radon mitigation system and a water filtration system. Outside, the amazing landscaping really makes this property shine, with beautiful plantings, a welcoming covered front porch, and a peaceful backyard setting. With thoughtful updates, flexible space, great curb appeal, and so much already done for you, this home is ready to impress!

16015 Winchester Rd, Fort Wayne

Listing courtesy of Jody Dorais from Mike Thomas Assoc., Inc.

$44,000

3 Beds ⋅ 2 Baths ⋅ 202635263 MLS ⋅ 1,261 SqFt. ⋅ Michael Sorrells

Uncover an exceptional investment or sweat-equity opportunity in the heart of Mitchell, Indiana! Offered strictly as-is, this 3-bedroom, 2-bathroom residence presents a classic canvas ready for your vision, custom repairs, and full personal restoration. The home’s interior floor plan features three generously sized bedrooms, two full bathrooms, and open living spaces waiting to be redesigned to fit your specific needs. Whether you are looking to complete a full flip, build a strong addition to your rental portfolio, or custom-craft your next primary home, this property provides the foundational structure to bring your project ideas to life. Serious buyers are strongly encouraged to verify all square footage, lot boundaries, and room dimensions independently. A major exterior highlight of the property is the substantial pole barn situated in the deep backyard. This versatile outbuilding provides immense value, offering ample space for secure vehicle storage, boat or trailer parking, a functional workshop, or vast extra equipment storage. The surrounding grounds offer plenty of room for outdoor recreation, gardening, or outdoor living expansion. Owned by a Licensed Real Estate Agent licensed in Indiana. Cash buyers only.

940 Newby St, Mitchell

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

$179,900

3 Beds ⋅ 1 Baths ⋅ 202634894 MLS ⋅ 1,136 SqFt. ⋅ Pamela Ray

Move-In Ready! The home's convenient location provides easy access to State Road 37 and HWY 60. Welcome home to 601 S 9th Street, Mitchell, IN! This charming 3-bedroom, 1-bath home on a corner lot, with off street parking. with a basement is waiting for its new owner! New flooring in 4 rooms 2026 Roof updated in 2023 HVAC updated in 2022 Sewer serviced with a new cleanout Large fenced-in backyard on 2 parcels 3 bedrooms 1 full bath Basement for additional storage or space With important updates already taken care of, you can move in and start making this house your home! The large fenced-in backyard is perfect for enjoying the outdoors, pets, entertaining, or simply relaxing. Ready for its new owner—come take a look!

601 S 9th St, Mitchell

Listing courtesy of Pamela Ray from Keach & Grove Real Estate, LLC. pamelaray224@gmail.com

$199,750

2 Beds ⋅ 2 Baths ⋅ 202634270 MLS ⋅ 1,108 SqFt. ⋅ Matthew Corey

THIS COULD BE THE ONE YOU HAVE BEEN WAITING FOR! THIS LOVELY 2 BEDROOM, 2 BATHROOM HOME SETS OVER A FULL BASEMENT INCLUDING A BREEZEWAY AND SPACIOUS 2 CAR GARAGE. THIS LOCATION MAKES FOR EASY ACCESS TO HIGHWAYS 37 AND US 50. SOME RECENT RENOVATIONS INCLUDE REMODELED BATHROOM, ACCESS RAMP, AND ADDITIONS TO KITCHEN. STEP INSIDE THE ENCLOSED PATIO AND WELCOME GUESTS INSIDE OF THE HOME. LARGE LIVING ROOM LEADS TO THE FORMAL DINING AREA WITH DISPLAY CABINETRY. KITCHEN INCLUDES A MOVEABLE ISLAND AND ALLOWS FOR EASY ACCESS TO THE MUD ROOM AND BASEMENT ENTRANCES. BOTH BEDROOMS PROVIDE ACCESSES TO THE BATHROOM AREAS. CAN YOU SAY FIREPIT AREA? THIS BACK YARD WAS MADE PERFECT FOR THOSE COOLER NIGHTS. ALL KITCHEN APPLIANCES AND A 1 YEAR HSA HOME WARRANTY ARE INCLUDED.

2996 Dixie Hwy, Bedford

Listing courtesy of Matthew Corey from Williams Carpenter Realtors. Cell: 812-583-2274

$77,000

3 Beds ⋅ 2 Baths ⋅ 202633801 MLS ⋅ 1,473 SqFt. ⋅ Chris Burton

Investor opportunity in a nice, established neighborhood! This 3-bedroom, 2-bath home offers 1,300+ square feet of living space and sits on a large city lot. With its spacious layout and desirable location, this property offers excellent potential for an investor looking for a renovation project, rental property, or future resale. Bring your vision and unlock the potential this property has to offer!

624 S 9th St, Mitchell

Listing courtesy of Chris Burton from Brooks Galloway Real Estate. Office: 812-936-7301

Start Your Search

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.