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Indianapolis, IN New Homes Under $250K

9 Communities

Wood Preserve by Arbor Homes in Indianapolis Indiana
Home in Wood Preserve by Arbor Homes
Home in Wood Preserve by Arbor Homes

$233,995 - $308,995

Wood Preserve

Trafalgar, IN 46181

12 Floor Plans

Arbor Homes

Cold Springs at Huntzinger Farm by Arbor Homes in Indianapolis Indiana
Home in Cold Springs at Huntzinger Farm by Arbor Homes
Home in Cold Springs at Huntzinger Farm by Arbor Homes

$249,995 - $325,995

Cold Springs at Huntzinger Farm

Pendleton, IN 46064

12 Floor Plans

Arbor Homes

Abbey Place by Arbor Homes in Indianapolis Indiana
Home in Abbey Place by Arbor Homes
Home in Abbey Place by Arbor Homes

$246,995 - $320,995

Abbey Place

Columbus, IN 47201

11 Floor Plans

Arbor Homes

Maple Run by Arbor Homes in Indianapolis Indiana
Home in Maple Run by Arbor Homes
Home in Maple Run by Arbor Homes

$245,995 - $324,995

Maple Run

Sheridan, IN 46069

12 Floor Plans

Arbor Homes

Tuscany by Arbor Homes in Indianapolis Indiana
Home in Tuscany by Arbor Homes
Home in Tuscany by Arbor Homes

$249,995 - $320,995

Tuscany

Lapel, IN 46051

11 Floor Plans

Arbor Homes

Offsite - Destination by Arbor Homes in Indianapolis Indiana
Home in Offsite - Destination by Arbor Homes
Home in Offsite - Destination by Arbor Homes

$199,995 - $263,995

Offsite - Destination

Indianapolis, IN 46216

5 Floor Plans

Arbor Homes

Trails at Grassy Creek by Arbor Homes in Indianapolis Indiana
Home in Trails at Grassy Creek by Arbor Homes
Home in Trails at Grassy Creek by Arbor Homes

$242,995 - $320,995

Trails at Grassy Creek

Indianapolis, IN 46229

10 Floor Plans

Arbor Homes

Silver Stream by Arbor Homes in Indianapolis Indiana
Home in Silver Stream by Arbor Homes
Home in Silver Stream by Arbor Homes

$234,995 - $317,995

Silver Stream

Indianapolis, IN 46235

3 Homes

12 Floor Plans

Arbor Homes

Woodfield Pointe by Arbor Homes in Indianapolis Indiana
Home in Woodfield Pointe by Arbor Homes
Home in Woodfield Pointe by Arbor Homes

$232,995 - $322,995

Woodfield Pointe

Greenfield, IN 46140

12 Floor Plans

Arbor Homes

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Market Snapshot

New Homes in Indianapolis by Region

RegionCommunitiesAverage New Home Price
Central Indianapolis 9$269,000
East Indianapolis 42$379,000
North Indianapolis 80$503,000
Northeast Indianapolis 31$482,000
Northwest Indianapolis 29$366,000
South Indianapolis 30$396,000
Southeast Indianapolis 34$379,000
Southwest Indianapolis 18$367,000
West Indianapolis 25$394,000

New Home Cities in Indianapolis

CityCommunitiesAverage New Home Price
Westfield33$504,682
Indianapolis29$334,548
Carmel12$621,083
Fishers11$547,966
Noblesville10$454,323
McCordsville10$456,321
Greenwood9$425,067
Whitestown8$379,469
Brownsburg7$390,341
Danville7$351,532
Plainfield6$440,787
Pendleton5$334,534

Indianapolis features many of the best home builder communities in Indiana, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Indianapolis has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the Indianapolis area. In fact, there are 9 communities and 1 builders in Indianapolis with homes starting at under $250K.

How to Find Homes in Indianapolis for Less than $250K?

Many builders recognize there is growing demand in the Indianapolis area for homes under the $250k price point and often have a few floor plans available, but these may be in limited supply. To ensure affordability without compromising on the quality of the home, builders may utilize value engineering techniques to reduce the cost of construction and keep the price of the home as low as possible. This may include building on a smaller lot or utilizing standard-sized materials, such as windows and doors, that provide high-value for the cost. The results are delivering similar quality at lower prices.