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New Construction Homes Under $250K in Indianapolis, IN



Quick Move-In Hot Deals Model Homes Ready to Build

31 Homes

Walnut - Silver Stream: Indianapolis, Indiana - Arbor Homes

Ready to Build

Walnut

Indianapolis, IN 46235

Arbor Homes

Silver Stream

888-897-7542

$229,995

3 Br | 2 Ba
1,210 sq. ft.

Aruba Bay - Sunbrook Villas: Lebanon, Indiana - Ryan Homes

Ready to Build

Video Plan Viewer

Aruba Bay

Lebanon, IN 46052

Ryan Homes

Sunbrook Villas

888-783-7028

$239,990

2 Br | 2 Ba | 2 Gr
1,153 sq. ft.

1612 - Landmark: New Castle, Indiana - Century Complete

Ready to Build

1612

New Castle, IN 47362

Century Complete

Landmark

888-714-1574

$247,990

4 Br | 2 Ba | 2 Gr
1,603 sq. ft.

1612 - Tarkington Heights: Connersville, Indiana - Century Complete

Ready to Build

Plan Viewer

1612

Connersville, IN 47331

Century Complete

Tarkington Heights

888-228-8527

$199,990

4 Br | 2 Ba | 2 Gr
1,603 sq. ft.

Walnut - Maple Run: Sheridan, Indiana - Arbor Homes

Ready to Build

Walnut

Sheridan, IN 46069

Arbor Homes

Maple Run

888-320-0872

$237,995

3 Br | 2 Ba
1,210 sq. ft.

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Simplicity 1646 - The Pointe at Central Park: Shelbyville, Indiana - Pyatt Builders

Ready to Build

Virtual Tour Plan Viewer

Simplicity 1646

Shelbyville, IN 46176

Pyatt Builders

The Pointe at Central Park

$243,500

3 Br | 2.5 Ba | 2 Gr
1,646 sq. ft.

Aspen - Brandywine: Greenfield, Indiana - Ryan Homes

Ready to Build

Video Plan Viewer

Aspen

Greenfield, IN 46140

Ryan Homes

Brandywine

888-960-7097

$249,990

3 Br | 2 Ba | 2 Gr
1,440 sq. ft.

1802 - Tarkington Heights: Connersville, Indiana - Century Complete

Ready to Build

Plan Viewer

1802

Connersville, IN 47331

Century Complete

Tarkington Heights

888-228-8527

$202,990

4 Br | 3 Ba | 2 Gr
1,811 sq. ft.

1802 - Elwood: Elwood, Indiana - Century Complete

Ready to Build

Plan Viewer

1802

Elwood, IN 46036

Century Complete

Elwood

888-312-9658

$202,990

4 Br | 3 Ba | 2 Gr
1,811 sq. ft.

Ashton - Silver Stream: Indianapolis, Indiana - Arbor Homes

Ready to Build

Virtual Tour

Ashton

Indianapolis, IN 46235

Arbor Homes

Silver Stream

888-897-7542

$234,995

3 Br | 2 Ba | 2 Gr
1,355 sq. ft.

Grand Bahama - Sunbrook Villas: Lebanon, Indiana - Ryan Homes

Ready to Build

Video Plan Viewer

Grand Bahama

Lebanon, IN 46052

Ryan Homes

Sunbrook Villas

888-783-7028

$249,990

3 Br | 2 Ba | 2 Gr
1,338 sq. ft.

Ashton - Trails at Grassy Creek: Indianapolis, Indiana - Arbor Homes

Ready to Build

Virtual Tour

Ashton

Indianapolis, IN 46229

Arbor Homes

Trails at Grassy Creek

888-579-6058

$242,995

3 Br | 2 Ba | 2 Gr
1,355 sq. ft.

2002 - Tarkington Heights: Connersville, Indiana - Century Complete

Ready to Build

Plan Viewer

2002

Connersville, IN 47331

Century Complete

Tarkington Heights

888-228-8527

$209,990

4 Br | 2.5 Ba | 2 Gr
2,009 sq. ft.

Ashton - Maple Run: Sheridan, Indiana - Arbor Homes

Ready to Build

Virtual Tour

Ashton

Sheridan, IN 46069

Arbor Homes

Maple Run

888-320-0872

$244,995

3 Br | 2 Ba | 2 Gr
1,355 sq. ft.

1602 - Elwood: Elwood, Indiana - Century Complete

Ready to Build

Plan Viewer

1602

Elwood, IN 46036

Century Complete

Elwood

888-312-9658

$188,990

3 Br | 2.5 Ba | 2 Gr
1,606 sq. ft.

Aspen - Sunbrook: Lebanon, Indiana - Ryan Homes

Ready to Build

Video Plan Viewer

Aspen

Lebanon, IN 46052

Ryan Homes

Sunbrook

888-211-9491

$249,990

3 Br | 2 Ba | 2 Gr
1,440 sq. ft.

Aruba Bay - Brandywine Villas: Greenfield, Indiana - Ryan Homes

Ready to Build

Video Plan Viewer

Aruba Bay

Greenfield, IN 46140

Ryan Homes

Brandywine Villas

888-808-5125

$249,990

2 Br | 2 Ba | 2 Gr
1,153 sq. ft.

Simplicity 1830 - The Pointe at Central Park: Shelbyville, Indiana - Pyatt Builders

Ready to Build

Plan Viewer

Simplicity 1830

Shelbyville, IN 46176

Pyatt Builders

The Pointe at Central Park

$247,000

3 Br | 2.5 Ba | 2 Gr
1,830 sq. ft.

Other Homes for Sale

Harmony - Homestead: Monrovia, Indiana - D.R. Horton

Now Building

Harmony

Monrovia, IN 46157

D.R. Horton

Homestead

from $249,900

3 Br | 2 Ba | 2 Gr
1,498 sq. ft.

 - : Sunman, Indiana -

Available

958 Brickyard Drive

Sunman, IN 47041

from $225,000

3 Br | 2 Ba

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Indianapolis features many of the best homes builders and new construction homes 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 is still possible to design and build an affordable home in the Indianapolis area. In fact, there are 106 new homes for sale in Indianapolis with a good selection of cheaper 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.