Lafayette Homes under $150,000

Welcome to Lafayette, Indiana—a vibrant city nestled in the heart of Tippecanoe County, where charm meets affordability! Known for its rich history and a strong sense of community, Lafayette offers a unique blend of urban conveniences and small-town warmth. With a population that embraces diversity, this city is home to Purdue University, lending a youthful energy and a plethora of cultural activities.

For those seeking a home without breaking the bank, Lafayette is a treasure trove of opportunities, especially for properties under $150,000. Whether you’re a first-time homebuyer, a savvy investor, or looking to downsize, the real estate market here boasts a variety of options. From quaint bungalows to cozy townhouses, you’ll find homes that fit both your lifestyle and budget.

Imagine sipping coffee on your front porch while enjoying the serene views of local parks or taking a leisurely stroll through historic neighborhoods lined with tree canopies. Lafayette’s affordable housing market allows you to embrace this idyllic lifestyle without compromising on quality. Plus, with a thriving local economy, excellent schools, and a welcoming atmosphere, you’ll find that this city truly has it all.

Explore the charm of Lafayette today! With homes under $150,000, your dream of homeownership is closer than ever. Come and discover why so many are proud to call Lafayette home, where comfort, community, and affordability converge. Your new beginning awaits in this delightful city!

Newest Lafayette Homes under $150,000

$124,500

3 Beds ⋅ 3 Baths ⋅ 202641284 MLS ⋅ 1,760 SqFt. ⋅ Matthew Brown

Great starter home. Spacious 3 bedroom, 1 full and 2 half baths, 1760 sq ft has lots to offer. Large eat-in kitchen, two family rooms, wood burning fireplace, 2 car attached garage, and fenced back yard. Some visible discoloration was cut/removed and/or treated. Some may still be present in or out of sight. No formal remediation was done. No before/after professional reports are in hand. Buyer to conduct due diligence. Plumbing system did not hold pressure during winterization. Water will not be turned on.

2515 Eckman Dr, Lafayette

Listing courtesy of Matthew Brown from Tom Hayes Realty. Cell: 765-210-2959

$135,000

2 Beds ⋅ 1 Baths ⋅ 202641154 MLS ⋅ 1,580 SqFt. ⋅ Christian Smith

Welcome to this cute and cozy 2-bedroom, 1-bath home offering approximately 1,580 square feet of comfortable living space. The main floor features a functional kitchen and dining area, along with a versatile additional room that could be used as a home office, playroom, hobby space, or whatever best fits your needs. The convenience continues with main-floor laundry complete with a utility sink. Upstairs, you’ll find two spacious bedrooms offering plenty of room to relax and unwind. An unfinished basement provides additional storage space and potential for future use. With its cozy feel, flexible living spaces, and practical layout, this home is ready for its next owner to make it their own!

807 S 20th St, Lafayette

Listing courtesy of Christian Smith from eXp Realty, LLC.

$136,000

3 Beds ⋅ 2 Baths ⋅ 202638945 MLS ⋅ 1,797 SqFt. ⋅ Aaron Walker

Needs much love. Metal roof. Lots of potential.

1108 Salem St, Lafayette

Listing courtesy of Aaron Walker from F.C. Tucker/Shook.

$95,000

2 Beds ⋅ 1 Baths ⋅ 202634711 MLS ⋅ 960 SqFt. ⋅ Loren Rockhill

This is a fantastic opportunity to own your very own condo in Greater Lafayette, only 5 minutes from down town & just 5 miles from Purdue University. This two bedroom, 1 bath home offers dual balconies, ample storage space, two separate entrances into the building as well as private parking! This property offers functionality that is hard to find. While this location could benefit from a little cosmetic TLC and updating, it has been well cared for and presents a great opportunity to add your own personal touches. Snag this up before it's gone! This property is subject to HOA. Property being sold as-is.

908 N 21st St Unit 3, Lafayette

Listing courtesy of Loren Rockhill from C&C Home Realty. Agt: 765-491-5750

$138,000

2 Beds ⋅ 1 Baths ⋅ 202602676 MLS ⋅ 940 SqFt. ⋅ Jarred Moen

*Seller willing to sell on land contract* Prime city investment opportunity! This property is located in a convenient in-town location with easy access to shopping, dining, schools, and public transportation. Offering strong potential for rental income or future appreciation, this home could be great for anyone looking to customize the home of their dreams! Or investors looking to add to their portfolio. The layout provides functional living space with room for updates or value-add improvements. Whether you’re looking for a long-term rental, fix-and-hold, or flip opportunity, this property offers great potential.

1524 Virginia St, Lafayette

Listing courtesy of Jarred Moen from eXp Realty, LLC. Cell: 574-850-9308

$145,000

3 Beds ⋅ 1 Baths ⋅ 202625689 MLS ⋅ 1,320 SqFt. ⋅ Kellie Dussault

Opportunity awaits with this charming two-story home in the heart of Lafayette! Offering 3 bedrooms, 1 full bath, and 1,320 square feet of living space, this home is full of character and potential. The spacious covered front porch provides a warm welcome and the perfect place to relax. Inside, you'll find a bright living room, a functional kitchen with a movable island, and a convenient main-level bedroom, full bath, and laundry room. Upstairs offers two additional bedrooms with plenty of space for family, guests, or a home office. Outside, enjoy a fully fenced backyard, covered patio, storage shed, and mature landscaping that provides beauty throughout the seasons. This property also includes two separate lots, offering additional outdoor space and endless possibilities for expansion, a future garage, gardening, recreation, or investment potential. Conveniently located near downtown Lafayette, shopping, restaurants, schools, and parks, this home offers the perfect opportunity to make it your own.

1014 S 14th St, Lafayette

Listing courtesy of Kellie Dussault from Keller Williams Lafayette. Agt: 463-239-0965

$149,900

2 Beds ⋅ 1 Baths ⋅ 202627731 MLS ⋅ 720 SqFt. ⋅ Cathy Russell

Just 10 minutes from Purdue University and downtown Lafayette, this charming 2-bedroom, 1-bath home offers a wonderful blend of convenience and potential! Nestled on a corner lot, the home features an attached 1-car garage and an unfinished basement, offering plenty of extra storage space. With shopping, dining, entertainment, and all that Purdue and downtown Lafayette have to offer just minutes away, this home is a great fit for a homeowner, investor, or anyone looking for a convenient location. Whether you're looking for a cozy place to call home or your next investment opportunity, this one is ready to shine! Call your favorite Realtor to schedule a private showing today!

102 Owen St, Lafayette

Listing courtesy of Cathy Russell from @properties.

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Updated . Information deemed reliable but not guaranteed.

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.