Indianola Homes under $200,000

Indianola Homes under $200,000

Welcome to Indianola, Iowa – a charming city nestled in the heart of Warren County, where small-town charm meets modern convenience. Known for its friendly atmosphere and vibrant community spirit, Indianola boasts a rich history and a plethora of recreational opportunities. With its stunning parks, local festivals, and a thriving arts scene, it’s no wonder that families and individuals alike are drawn to this delightful region.

For those seeking affordable housing options, Indianola offers a variety of homes under $200,000, making it an ideal location for first-time buyers, young families, or anyone looking to invest in a welcoming community without breaking the bank. These homes range from cozy bungalows to spacious townhouses, providing a diverse selection that caters to different lifestyles and preferences.

Living in Indianola means enjoying the best of both worlds – a serene suburban atmosphere while being just a short drive away from the hustle and bustle of Des Moines. Residents can take advantage of excellent schools, local shops, and dining options that highlight the area’s unique flavor. Additionally, the nearby Lake Ahquabi State Park offers outdoor enthusiasts a chance to explore nature trails, fishing spots, and picnic areas.

Whether you’re looking to settle down or invest, Indianola’s affordable housing market and vibrant community make it a fantastic place to call home. Discover the charm of Indianola today, where your dream home awaits!

Newest Indianola Homes under $200,000

106 S P Street, Indianola
$170,000
3 Beds ⋅ 2 Baths ⋅ 749974 MLS
A well-loved home with great potential in the heart of Indianola! This 3-bedroom, 1.5-bath property offers a fantastic opportunity for buyers looking to add their own personal touch and build equity. With some updating needed, this home is priced to sell and ready for its next chapter. The property offers great curb appeal, a convenient one-car garage, and a fully fenced backyard that is perfect for entertaining, relaxing, or letting the four-legged family members roam. Enjoy summer evenings on the large backyard deck, with plenty of space to create your own outdoor retreat. A backyard shed provides additional storage for lawn equipment, tools, and more. Inside, you'll find a functional layout with plenty of opportunity to make the space your own. Whether you're a first-time buyer, investor, or someone looking for a home with room to add value, this property is worth a look.

106 S P Street, Indianola
510 S Jefferson Way, Indianola
$195,000
4 Beds ⋅ 3 Baths ⋅ 749408 MLS
Well maintained rental property on Hwy 65/69 across from Indianola's South Caseys Store. There are currently two tenants but the upstairs will become vacant at the end of October. This current rental property could be a good investment or make a nice home as a single family residence. There are currently 3 bedrooms, 1-1/2 baths, kitchen and laundry on the main level, with a kitchen/bedroom/bathroom in the upper level. The roof was replaced in 2016. Contact the listing agent as the tenants require 24 hours notice to show.

510 S Jefferson Way, Indianola
308 E Ashland Avenue, Indianola
$175,000
4 Beds ⋅ 2 Baths ⋅ 748127 MLS
Welcome to 308 E Ashland Ave in Indianola! This spacious two-story home offers plenty of room to spread out, both inside and out. The main living area features hardwood floors, abundant natural light, and a large, open feel that gives you flexibility for multiple seating or entertaining areas. The kitchen provides ample cabinet and counter space, while the home also offers 4 spacious bedrooms upstairs, along with with 1.75 bathrooms. Outside, you’ll find a large corner lot with a fenced backyard, giving you plenty of space for pets, play, gardening, or outdoor entertaining. An attached garage adds everyday convenience, and the home’s location puts you close to everything Indianola has to offer. With generous living space, a great lot, and plenty of opportunity to make it your own, 308 E Ashland Ave is ready for its next chapter.

308 E Ashland Avenue, Indianola
207 W 4th Avenue, Indianola
$187,900
2 Beds ⋅ 1 Baths ⋅ 747583 MLS
This ranch style home showcases a brand new kitchen with granite countertops and stainless steel appliances, positioning it as a practical choice for buyers seeking updated living space in Indianola. The single-story layout and refreshed interior make this residence move-in ready. The newly renovated kitchen includes a dishwasher for everyday convenience, while central air conditioning maintains comfort throughout the interior. New interior paint, new luxury vinyl plank flooring in the living room and kitchen, and new carpet in the bedrooms reflect recent updates. A 2 car garage provides secure storage and workspace. The covered patio extends the living area outdoors. Location highlights make this address particularly appealing. This positioning puts essential amenities and community gathering spaces within convenient distance, allowing residents to handle errands efficiently and participate in neighborhood activities without extensive travel. The combination of updated finishes, practical garage storage, and proximity to both campus and downtown Indianola creates a straightforward appeal for those prioritizing location and convenience. Contact your agent today to schedule a showing and experience this updated home firsthand. This is a Fannie Mae HomePath property. First Time Buyers, complete the HomePath Ready Buyer homeownership course on Homepath.com. Attach certificate to offer up to 3% closing cost assistance. Check HomePath.com for more details. Restrictions apply.

207 W 4th Avenue, Indianola
900 E Girard Avenue, Indianola
$189,000
2 Beds ⋅ 2 Baths ⋅ 747335 MLS
Unbeatable location meets incredible value-add potential in Indianola, Iowa! This 2-bedroom, 2-bathroom ranch sits on an established through-street less than 3 blocks from Emerson Elementary School, with an easy commute into Des Moines. The 0.33-acre lot backs directly onto the popular Indianola bike trail and includes a back deck overlooking a large, tree-lined yard. Major capital expenses are handled: the roof, vinyl siding, and central air conditioning are all under 6-8 years old, so buyers can focus their budget on cosmetic and lower-level updates instead of big-ticket repairs. The main floor offers 960 square feet, including 2 bedrooms, a functional kitchen/dining combo, and a spacious first-floor laundry room attached directly to the main bathroom ? a rare, convenient layout. The lower level is partially finished with 300 square feet, which includes a second full bathroom featuring a spacious tiled shower, bringing the home's finished total to roughly 1,260 square feet. Finishing the remaining lower level and adding cosmetic touches upstairs offers instant sweat equity. An attached 1-car garage and parking pad round out the property. A rare find for buyers, DIYers, or investors looking to build value in Warren County, Iowa.

900 E Girard Avenue, Indianola
707 N 4th Street, Indianola
$200,000
4 Beds ⋅ 1 Baths ⋅ 745685 MLS
Don’t miss this well-maintained 4-bedroom ranch in one of Indianola’s most convenient locations! Situated just minutes from Simpson College, Dayton Park, the historic downtown square, shopping, restaurants, fitness centers, and everyday conveniences, this home offers the lifestyle today’s buyers are looking for. The main level features 3 bedrooms and 1 full bath, while the basement includes the 4th bedroom and offers excellent potential to finish additional living space, a family room, home office, or workout area. Outside, enjoy a fully fenced backyard—perfect for pets, play, or entertaining.

707 N 4th Street, Indianola
503 W 2nd Avenue, Indianola
$140,000
3 Beds ⋅ 1 Baths ⋅ 740651 MLS
Here is a home or investment opportunity for less than $150,000! This as-is home is already producing rent with a long-term tenant so it is instant income for an investor. This 3-bedroom home also includes 2 garages on site that are not use by the tenant, so it comes with all the extra storage you may need. The water heater was replaced in 2023 and the furnace was new in 2022. Check this home out today. All information was obtained by the seller and public records

503 W 2nd Avenue, Indianola
104 E Boston Avenue, Indianola
$194,900
1 Beds ⋅ 5 Baths ⋅ 740926 MLS
Investment opportunity is knocking! 4-unit rental with 3 studio apartments & a 1 BR apartment near the Indianola square. Recently updated electric meter & panel plus much of the unit is rewired to save you THOUSANDS!! Main level included 2 studio apartments including kitchenettes and ¾ baths. Upper unit has been converted into 1 large space featuring 2 kitchens/baths and living spaces, perfect for friend to be close but have individual spaces. 1 BR larger unit with separate entrance at the back of the property. Common area backyard and additional income potential with a 1 car detached garage. Fully rented & providing steady cash flow & quality return. 24-hour notice to preview.

104 E Boston Avenue, Indianola
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