Lafayette Homes under $400,000

Welcome to Lafayette, Indiana – a vibrant city nestled in the heart of Tippecanoe County. Known for its rich history, thriving arts scene, and strong sense of community, Lafayette offers an inviting atmosphere that appeals to families, young professionals, and retirees alike. With its picturesque parks, charming downtown, and proximity to the beautiful Wabash River, this city is a hidden gem waiting to be explored.

Lafayette boasts a diverse range of homes, with many options available under $400,000, making it an ideal destination for first-time homebuyers and those looking to settle down in a friendly neighborhood. From cozy bungalows to spacious family homes, you’ll find a variety of architectural styles that cater to different tastes and lifestyles. The real estate market here is competitive yet accessible, ensuring that you can find a property that fits your budget without compromising on quality.

In addition to its affordable housing, Lafayette is home to excellent schools, a robust healthcare system, and a variety of recreational opportunities. Residents enjoy easy access to local parks, walking trails, and community events that foster a strong sense of belonging. The city’s strategic location also means you’re just a short drive away from the bustling cities of Indianapolis and West Lafayette, where you can experience even more cultural and entertainment options.

Whether you’re looking to buy your first home, invest in a rental property, or simply explore the possibilities, Lafayette, Indiana, welcomes you with open arms and a wealth of opportunities. Discover the charm and warmth of this thriving community today!

Newest Lafayette Homes under $400,000

$150,000

3 Beds ⋅ 4 Baths ⋅ 202641404 MLS ⋅ 2,176 SqFt. ⋅ Robyn Bower

INVESTMENT OPPORTUNITY near downtown Lafayette! This triplex offers three separate units and plenty of potential for an investor looking to add to or start building a rental portfolio. While the property could benefit from some updates and improvements, the units are ready for tenants and offer immediate income-producing possibilities. Conveniently located near downtown Lafayette with easy access to restaurants, shopping, entertainment, employment, and area amenities. Whether you're looking for a value-add investment, long-term rental property, or an opportunity to improve and increase future returns, this property is worth a closer look. Three units, one property, and plenty of potential! Unit 1 is a 2-bed, 1.5-bath. Unit 2 is a 1-bed, 1-bath, and Unit 3 is a studio apartment that could be converted back into a garage. Endless possibilities here. Plenty of parking in the back and a carport. Inspections welcome. Property sold as-is.

1011 Union St, Lafayette

Listing courtesy of Robyn Bower from The Real Estate Agency. Agt: 765-337-3960

$269,900

3 Beds ⋅ 2 Baths ⋅ 202641401 MLS ⋅ 1,200 SqFt. ⋅ Ashley Kirk

Step inside and immediately feel at home! This beautifully updated three-bedroom, two full bath home features a walk-in foyer entry, as well as a spacious Great Room with vaulted ceilings, sky lights and a cozy fireplace that creates the perfect space to relax and unwind. The fresh paint, newer flooring, updated appliances and garage door make this home truly move in ready. Outside, the fully fenced backyard offers even more to love with a pergola and fire pit, perfect for entertaining or enjoying a quiet evening outdoors. Plus, a shed giving ample amount of storage space. All that's missing is YOU! Schedule a tour and make this home yours today!

5123 Saddle Dr, Lafayette

Listing courtesy of Ashley Kirk from The Real Estate Agency.

$185,000

2 Beds ⋅ 1 Baths ⋅ 202641333 MLS ⋅ 741 SqFt. ⋅ Cathy Russell

Fresh, updated, and ready to move in! This 2-bedroom, 1-bath Lafayette home features a remodeled kitchen and bathroom, fresh paint throughout, and a new HVAC system for added comfort and peace of mind. Conveniently located close to shopping, dining, parks, schools, and more, this home offers an appealing combination of updates, comfort, and location. Whether you're a first-time buyer, looking to downsize, or searching for an investment opportunity, come take a look and see what this Lafayette home has to offer!

307 S 29th St, Lafayette

Listing courtesy of Cathy Russell from @properties. Agt: 765-426-7000

$375,000

3 Beds ⋅ 3 Baths ⋅ 202641311 MLS ⋅ 2,656 SqFt. ⋅ Cara McLean-Rolfes

Welcome home to this spacious and well-maintained 3-bedroom, 2.5-bath two-story home located in a desirable county neighborhood with convenient access to the interstate, making commuting a breeze. Offering an ideal blend of functionality and comfort, this home features multiple living spaces designed to accommodate today's lifestyle. The main level boasts a welcoming living room, formal dining room, dedicated office, and a spacious kitchen that serves as the heart of the home. Equipped with stainless steel appliances, abundant cabinetry, and plenty of room for gathering and entertaining, the kitchen is sure to impress. A generously sized pantry provides excellent storage, while a convenient half bath completes the main floor. Upstairs, you'll find a versatile loft area perfect for a recreation room, media space, playroom, home gym, or additional living area. The spacious primary suite offers a private retreat with an ensuite bath featuring dual vanities, a large soaking tub/shower combination, and a generously sized walk-in closet. Two additional oversized bedrooms provide flexibility for family, guests, hobbies, or work-from-home needs. The upstairs laundry room adds everyday convenience with easy access to all bedrooms. Step outside to enjoy the fully fenced backyard featuring a 6-foot vinyl privacy fence, creating the perfect setting for pets, play, or outdoor entertaining. A large patio offers ample space for grilling, relaxing, and hosting gatherings. Completing the property is a two-car attached garage and a location that combines neighborhood living with quick access to shopping, dining, and major travel routes.

3110 Bardsdell St, Lafayette

Listing courtesy of Cara McLean-Rolfes from Trueblood Real Estate. Agt: 765-714-3569

$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

$189,700

3 Beds ⋅ 1 Baths ⋅ 202641250 MLS ⋅ 816 SqFt. ⋅ Brenda Sprunger

Welcome home to this charming one-story 2–3 bedroom home featuring newer flooring and a freshly painted interior. The basement offers a finished 9’10” x 17’11” bonus room, a utility room, and additional open space, providing plenty of flexibility for storage, hobbies, or recreation. Step outside and enjoy the deck overlooking the fenced-in yard—perfect for relaxing or entertaining. The property also includes an impressive 2-car garage with an upper level, plus a spacious 12’ x 25’ lean-to for additional storage, workspace, or recreational needs. With its comfortable layout, fresh updates, and abundant storage space, this home is ready for its next owner!

44 Vernon Ln, Lafayette

Listing courtesy of Brenda Sprunger from Redlow Group.

$189,900

3 Beds ⋅ 2 Baths ⋅ 846349 MLS ⋅ 1,486 SqFt. ⋅ Georgeann Weisman

This spacious 3-bedroom, 1.5-bath ranch offers a functional floor plan, generous living space, and plenty of opportunity to make it your own. Inside, you'll find two separate living areas, including a cozy family room featuring a classic brick fireplace, giving you plenty of space for relaxing, entertaining, or creating a home office or flex area. The kitchen provides an abundance of wood cabinetry and counter space, with an adjoining dining area. Hardwood/parquet flooring can be found in the bedrooms, and the home also features a convenient in-home laundry area. A covered front porch stretches across much of the home and overlooks the established yard and mature trees. The home is functional and livable as-is while offering excellent potential for buyers who want to update finishes and add their own style. With its single-level layout, multiple living spaces and solid potential, this is a great opportunity to create a home that's truly your own.

6313 Wea Woodland Drive, Lafayette

Listing courtesy of Georgeann Weisman from Brokerworks Group.

$250,000

4 Beds ⋅ 2 Baths ⋅ 202641171 MLS ⋅ 2,360 SqFt. ⋅ Kat Snethen

Step back in time with the timeless charm of this beautifully maintained 1920 home! Featuring 4 bedrooms and 1.5 baths, this character-filled residence showcases gorgeous natural woodwork, a classic pocket door, and a beautiful fireplace. The enclosed front porch and lovely deck provide inviting spaces to relax and enjoy the outdoors. A charming she shed offers the perfect retreat for hobbies, gardening, or simply a little escape. The extra-large garage provides plenty of room for vehicles, storage, and hobbies, with an upstairs workshop for added versatility. Conveniently located near schools and shopping, this delightful home combines historic character with everyday convenience.

1303 S 14th St, Lafayette

Listing courtesy of Kat Snethen from F.C. Tucker/Shook.

$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.

$250,000

2 Beds ⋅ 2 Baths ⋅ 202641133 MLS ⋅ 1,200 SqFt. ⋅ Garrett Criswell

Well-maintained 2 bedroom, 1.5 bath home located on the south end of Lafayette in a quiet neighborhood. This meticulous home features a freshly painted interior and thoughtful updates throughout. Recent exterior improvements include a newly poured concrete patio, updated landscaping, and a recently aerated yard, perfect for outdoor enjoyment. The home offers an attached screened-in patio at the rear, along with a shed that includes electric capability for added storage or workspace. One bedroom features a convenient half-bath en suite. Appliances include a refrigerator with a new ice maker and a dishwasher that is approximately one year old. Furnace and water heater are estimated to be 9–10 years old. Move-in ready and well cared for, this property offers comfort, functionality, and a peaceful setting while still being close to local amenities.

3920 George Washington Rd, Lafayette

Listing courtesy of Garrett Criswell from Raeco Realty.

$369,900

6 Beds ⋅ 3 Baths ⋅ 846296 MLS ⋅ 2,044 SqFt. ⋅ Karlie Grundy

Welcome to 2120 South Street in Lafayette, a beautifully remodeled 6-bedroom, 3-bathroom home that blends timeless character with modern convenience. Situated on a desirable corner lot, this home makes a lasting first impression with its inviting front porch -- the perfect spot for a porch swing, morning coffee, or relaxing evenings. Inside, you'll find the warmth and craftsmanship of original details thoughtfully preserved throughout, including hardwood floors, wood trim, built-in cabinetry, detailed door frames, and stunning exposed brick in the oversized upstairs primary bedroom. Every space feels rich with character while offering the refreshed style today's buyers are looking for. The kitchen and bathrooms feature gorgeous modern finishes, creating a beautiful contrast between old-home charm and elevated updates. With six spacious bedrooms and three bathrooms, there is plenty of room for family, guests, a home office, hobby space, or flexible living. This home is also designed with comfort and convenience in mind, featuring an Alexa-run smart home system for security cameras, lighting, and more. Mechanical highlights include radiator heat on the first floor, natural gas forced air for the upper level, a tankless water heater, a new furnace, and a well-maintained boiler system. Whether you love entertaining or simply appreciate extra convenience, the property also offers plenty of on-street parking around the corner lot, making gatherings easy. Thoughtfully updated, full of charm, and beautifully modernized, this Lafayette home offers a rare opportunity to enjoy classic character with today's must-have features. This is more than a remodel -- it's a home with history, personality, and style.

2120 South Street, Lafayette

Listing courtesy of Karlie Grundy from The Real Estate Shoppe, LLC.

$307,000

3 Beds ⋅ 3 Baths ⋅ 202641016 MLS ⋅ 1,760 SqFt. ⋅ Tabitha Casto

Experience the joy of new construction in this stunning home, now complete and ready for you to make lasting memories! The open main level floorplan is perfect for entertaining, featuring a delightful kitchen with solid surface countertops, stainless steel appliances, a center island, and a spacious walk-in pantry. The expansive great room, dining area, and inviting entryway with a ventless fireplace provide a flexible living space for your needs. Retreat to the second floor where all three bedrooms await, ensuring comfort and privacy away from the main living area. Each home showcases distinct architecture and vibrant exterior colors, creating a unique sense of community. Embrace 21st-century living in the charming and peaceful historic Ellsworth Romig neighborhood, just minutes from downtown. Enjoy leisurely walks or bike rides to your favorite locally owned restaurants, parks, downtown Farmer's Market, Main Street festivals and all things historic Lafayette! Relish the convenience of having Miller Elementary just a block away for your kids. This home offers the perfect blend of modern living in a historic setting. Truly a unique place to call your own! HOA includes lawn car and snow removal and is $75/mo.

603 S 3rd St, Lafayette

Listing courtesy of Tabitha Casto from TruVant Realty.

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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.