Monticello Homes under $250,000

Welcome to Monticello, Indiana, a charming city that beautifully blends small-town charm with modern conveniences. Nestled along the banks of Lake Shafer and the Tippecanoe River, Monticello is a haven for nature lovers and outdoor enthusiasts. With its picturesque landscapes and vibrant community, Monticello offers an inviting atmosphere that makes it a perfect place to call home.

One of the standout features of Monticello is its affordability. For those looking to settle down without breaking the bank, the city boasts a variety of homes priced under $250,000. Whether you’re a first-time homebuyer, a growing family, or someone looking to downsize, Monticello has a diverse selection of properties that cater to all lifestyles. From charming bungalows to spacious family homes, there’s something for everyone in this delightful city.

The community spirit in Monticello is palpable, with numerous local events, farmers' markets, and festivals that bring residents together. The city's rich history is evident in its well-preserved architecture and friendly neighborhoods, making it a great place to build lasting relationships. Plus, with access to excellent schools and recreational facilities, families will find everything they need right at their doorstep.

In Monticello, you’re not just buying a house; you’re investing in a lifestyle filled with warmth, community, and endless opportunities for adventure. Come explore the affordable housing options in Monticello and discover why so many people are proud to call this lovely city their home!

Newest Monticello Homes under $250,000

$209,900

4 Beds ⋅ 2 Baths ⋅ 202641242 MLS ⋅ 2,136 SqFt. ⋅ Jeremy Spann

Welcome home! This beautiful stone one and a half story home features spacious living areas, four bedrooms, 1.5 baths, and 2,136 square feet of comfortable living space in the heart of Monticello. Situated on a corner lot, the home is filled with character, including hardwood floors, original woodwork, and a flexible layout with plenty of room to make it your own. The large kitchen and dining area features stainless steel appliances, abundant cabinetry and counter space, and plenty of room for gathering around the table. Large windows bring great natural light into the comfortable living room, while four bedrooms provide flexibility for family, guests, a home office, or hobby space. Outside, the screened-in back porch offers plenty of potential to create an additional seasonal living space. The oversized heated one-car garage provides room for a vehicle plus additional space for storage, tools, lawn equipment, or a work area. With its beautiful stone exterior, generous living space, hardwood floors, heated oversized garage, and plenty of character throughout, this Monticello home is ready to welcome its next owner.

201 Meadow Ln, Monticello

Listing courtesy of Jeremy Spann from Keller Williams Lafayette. Agt: 765-421-1339

$209,900

3 Beds ⋅ 2 Baths ⋅ 202641043 MLS ⋅ 1,306 SqFt. ⋅ John Koppelmann, CRS, e-PRO, GRI, SRES

Beautifully remodeled 3-bedroom, 2-full-bath home offering a fresh, move-in-ready feel with nearly everything updated and new! The flexible floor plan features a convenient main-level bedroom, while the upper-level loft-style bedroom provides additional versatility and could easily serve as a den, office, playroom, or additional sleeping space. Enjoy relaxing on the covered front porch or entertaining on the rear wood deck overlooking the spacious yard. A storage shed provides convenient space for lawn equipment, tools, and outdoor belongings. With extensive recent remodeling throughout, this home combines modern updates with comfortable living spaces and plenty of outdoor room. A great opportunity for buyers looking for an updated home with flexible living options in Monticello!

606 Maple St, Monticello

Listing courtesy of John Koppelmann, CRS, e-PRO, GRI, SRES from Koppelmann Real Estate. Office: 574-583-3171

$189,900

4 Beds ⋅ 3 Baths ⋅ 202640834 MLS ⋅ 1,984 SqFt. ⋅ Ryan Clemons

If space, character, and value are what you are looking for, this in-town home offers a lot of house at an approachable price point. Featuring 4 bedrooms, 3 full baths, and ample living space, the home is filled with historic woodwork, charm, and a spacious layout. The primary bedroom features vaulted ceilings and plenty of natural light. Outside, you’ll find both a 2-car detached garage and an additional 1-car detached garage, offering excellent space for parking, storage, a workshop, or hobbies. The home could benefit from some updating and repairs, but the attractive price point gives buyers an opportunity to make improvements over time while enjoying the space and character from day one. Convenient in-town location and plenty of potential make this one worth a look.

215 S Main St, Monticello

Listing courtesy of Ryan Clemons from Redlow Group.

$179,900

2 Beds ⋅ 1 Baths ⋅ 202640184 MLS ⋅ 1,552 SqFt. ⋅ Rebecca Gibson

Welcome to your peaceful retreat just steps to Lake Freeman! This charming cottage features an open living/dining space, 2 bedrooms, newer windows, and full insulation, creating a comfortable and inviting space filled with abundant natural light. The kitchen features stainless appliances, and a separate private entrance. The walk-out basement provides additional storage and living space! Enjoy the outdoors from both the upper and lower private decks, each offering plenty of seating and relaxing views of the water. Take advantage of the opportunity to enjoy the lake right outside your door! Inspections welcome, but home is being sold AS IS.

11910 W Breezy Point Dr, Monticello

Listing courtesy of Rebecca Gibson from Raeco Realty.

$154,900

3 Beds ⋅ 2 Baths ⋅ 202639839 MLS ⋅ 1,176 SqFt. ⋅ Jesse Douglass

Very well maintained 3 Bedroom 1 1/2 Bath House that is close to grocery stores and schools. It is also just a short walk to the park with brand-new pickle-ball courts. New Central Heat/AC and updated throughout with a remodeled kitchen, bath, flooring, and paint. Don't let this reasonably priced home in Monticello pass you by and schedule a showing now!

434 Turpie St, Monticello

Listing courtesy of Jesse Douglass from Family Realty Group.

$247,900

2 Beds ⋅ 2 Baths ⋅ 202639345 MLS ⋅ 1,418 SqFt. ⋅ Spencer Childers

Enjoy peaceful rural living on a partially wooded lot with plenty of potential! This 2-bedroom, 2-bath home offers a comfortable layout with a spacious living room and kitchen. This property is perfect for relaxing and enjoying the surrounding wildlife. Also included is a detached 1-car garage and additional shed for storage. Located in a quiet country setting with convenient access to the surrounding area and nearby lake amenities. Whether you're looking for an affordable home, weekend getaway, or investment opportunity, this property is ready for your vision.

6035 N Hodges Dr, Monticello

Listing courtesy of Spencer Childers from Keller Williams Lafayette. Agt: 765-430-4276

$225,000

2 Beds ⋅ 1 Baths ⋅ 202639042 MLS ⋅ 800 SqFt. ⋅ Dawn Dilley

Tippecanoe River hidden gem! Opportunity knocks! This river cottage has loads of potential! The original cabin was raised in 2018, intact is the "cabin feel" of this home with knotty pine walls, valuted ceiling in the dining/kitchen area with beams, 2 bedrooms and 1 full bath. The view is spectacular from the deck and the windows in the main living area! 50 ft of river frontage with a concrete seawall, firepit and easy access to the water for floating and kayaking. The unfinished basement provides storage and a place to gather on rainy days with an adundnce of windows! Property has been raised but is located in the floodplain. Inspections welcome, however no repairs will be made.

6485 N 1225 W, Monticello

Listing courtesy of Dawn Dilley from eXp, LLC.

$249,000

3 Beds ⋅ 2 Baths ⋅ 202639039 MLS ⋅ 1,864 SqFt. ⋅ David Nolan

OMG-Love the Country Air solitude, but complemented by easy access to downtown Monticello! Picturesque corner lot with beautiful trees around the perimeter on a generous 1.56-acre lot! The owners have worked overtime to create an oasis, now allowing bountiful harvests with an abundance of gardens for plants and vegetables. If you like canning...check out the owners' closet! Whew! The new outbuildings are not only cute, but also functional. Storage and work shed. Sweet. Step inside to discover a well-designed new floor plan built for entertaining. The renovated garage now offers a rec room, extra bedroom, or additional family lounge area. Lots of NEW vinyl, vinyl plank, and carpeted floors. New refrigerator, stove, and newer hot water heater. New exterior fences add that country feel and complement the setting. Fenced yard great for pets! New bathroom, new washer and dryer....lot of new and improved! Well maintained and ready for move-in! NOTE: 2 Car Garage has been converted to usable space (720 sq. ft.). Sellers use it as a music room now. It could also serve as a 3rd bedroom (with a built-in closet), a rec room, or be converted back to a car garage. Whether you're looking for a peaceful retreat or a home with great customization

6506 E 250th N Rd, Monticello

Listing courtesy of David Nolan from Redlow Group.

$89,900

2 Beds ⋅ 1 Baths ⋅ 202635625 MLS ⋅ 944 SqFt. ⋅ John Schmicker

Here's your chance to own a rare piece of riverfront paradise! Situated on a .405 lot that gently slopes to the water’s edge, this gutted home is ready for your vision and creativity. Enjoy panoramic views of the river right from your living room, with direct access to the water for fishing, kayaking, boating, or simply relaxing and taking in the serene surroundings. The interior has been completely stripped to the studs, providing a clean slate and saving you demo costs. Utilities are on and functioning... has bathroom & water, hooked to TLSD ! This property is in the flood zone.

8049 E Pondview Ct, Monticello

Listing courtesy of John Schmicker from All American Realty. Cell: 574-225-0292

$229,000

2 Beds ⋅ 1 Baths ⋅ 202635423 MLS ⋅ 668 SqFt. ⋅ Paula Brooks

Adorable Turnkey Riverfront Cottage Near Oakdale Dam! This little gem has been completely updated inside and out and is ready to enjoy! Featuring 2 bedrooms, 1 nicely updated full bath, new siding, new trex decking, new electrical, new hot water. heater on demand, and a new mini-split heating and cooling system. Enjoy beautiful views of the Tippecanoe River right from the deck. Just steps from the deck, the concrete dock runs along the property line with a pier for mooring your boat. The property also features its own sandy beach areas on both sides of the pier—perfect for launching a canoe or kayak, soaking your toes, or simply relaxing by the river. Being sold turnkey with everything included, this charming cottage is ready for you to start making river memories!

6541 N 1225 W, Monticello

Listing courtesy of Paula Brooks from Redlow Group.

$204,900

2 Beds ⋅ 1 Baths ⋅ 202634433 MLS ⋅ 1,088 SqFt. ⋅ Kathleen Bassett

Unique 3-bedroom, 1-bath multi-colored stone home situated on a spacious 1.18 acre lot within the city limits. Conveniently located close to schools and shopping, this property offers both comfort and convenience. The home features an unfinished basement, detached garage, and an additional shop building—providing plenty of room for storage, hobbies, or projects. A great opportunity to enjoy the space and privacy of a larger lot while still being close to town!

713 Hanawalt St, Monticello

Listing courtesy of Kathleen Bassett from Redlow Group.

$168,000

2 Beds ⋅ 1 Baths ⋅ 202633548 MLS ⋅ 912 SqFt. ⋅ Jeffrey W Bossung

This small but spacious home offers 2 bedrooms, 1 bath, a covered porch, deck in the back and area with a fire pit. hot tub will stay along with all appliances. 2 1 car garages and a double lot. no showings before 3 pm weekdays. dog in the house. MOTIVATED SELLER

618 East St, Monticello

Listing courtesy of Jeffrey W Bossung from VOGEL REAL ESTATE. jbossung@vogel-real-estate.com

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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.