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New Construction Homes Under $300K in Indianapolis, IN



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238 Homes

Spruce - Abbey Place: Columbus, Indiana - Arbor Homes

Ready to Build

Virtual Tour

Spruce

Columbus, IN 47201

Arbor Homes

Abbey Place

888-227-5734

$288,995

4 Br | 2.5 Ba
2,313 sq. ft.

Chestnut - Silver Stream: Indianapolis, Indiana - Arbor Homes

Now Building

Chestnut

4737 Jasper Ridge Blvd
Indianapolis, IN 46235

Arbor Homes

Silver Stream

888-897-7542

$299,995

3 Br | 2 Ba | 2 Gr
1,801 sq. ft.

Bradford - Abbey Place: Columbus, Indiana - Arbor Homes

Ready to Build

Virtual Tour

Bradford

Columbus, IN 47201

Arbor Homes

Abbey Place

888-227-5734

$257,995

3 Br | 2 Ba
1,611 sq. ft.

Castello - Villas at Wynne Farms: Brownsburg, Indiana - M/I Homes

Ready to Build

Castello

Brownsburg, IN 46112

M/I Homes

Villas at Wynne Farms

888-361-3716

$297,990

2 Br | 2.5 Ba | 2 Gr
1,628 sq. ft.

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.

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Wembley - Eagle Lakes: Indianapolis, Indiana - Fischer Homes

Ready to Build

Green Virtual Tour

Wembley

Indianapolis, IN 46224

Fischer Homes

Eagle Lakes

888-718-7293

$256,990

2 Br | 1.5 Ba | 2 Gr
1,247 sq. ft.

Mulberry - Heron Creek: Greenfield, Indiana - Arbor Homes

Ready to Build

Virtual Tour

Mulberry

Greenfield, IN 46140

Arbor Homes

Heron Creek

888-365-1629

$293,995

3 Br | 2.5 Ba | 2 Gr
1,967 sq. ft.

Bradford - Westwind at Cumberland: Franklin, Indiana - Arbor Homes

Ready to Build

Virtual Tour

Bradford

Franklin, IN 46131

Arbor Homes

Westwind at Cumberland

$259,995

3 Br | 2 Ba
1,611 sq. ft.

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

Ready to Build

Virtual Tour

Spruce

Indianapolis, IN 46229

Arbor Homes

Trails at Grassy Creek

888-579-6058

$286,995

4 Br | 2.5 Ba
2,313 sq. ft.

Aspen - Grassy Creek South: Indianapolis, Indiana - Arbor Homes

Ready to Build

Virtual Tour

Aspen

Indianapolis, IN 46239

Arbor Homes

Grassy Creek South

888-237-6281

$298,995

4 Br | 2.5 Ba | 2 Gr
2,128 sq. ft.

Legacy 1611 - Auburn Meadows: Lebanon, Indiana - Pyatt Builders

Ready to Build

Virtual Tour Plan Viewer

Legacy 1611

Lebanon, IN 46052

Pyatt Builders

Auburn Meadows

$300,000

3 Br | 2 Ba | 2 Gr
1,611 sq. ft.

Bradford - Bluffs at Young's Creek: Franklin, Indiana - Arbor Homes

Ready to Build

Virtual Tour

Bradford

Franklin, IN 46131

Arbor Homes

Bluffs at Young's Creek

888-858-2308

$261,995

3 Br | 2 Ba
1,611 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.

Aspen - Bluffs at Young's Creek: Franklin, Indiana - Arbor Homes

Ready to Build

Virtual Tour

Aspen

Franklin, IN 46131

Arbor Homes

Bluffs at Young's Creek

888-858-2308

$288,895

4 Br | 2.5 Ba | 2 Gr
2,128 sq. ft.

Cottonwood - Bluffs at Young's Creek: Franklin, Indiana - Arbor Homes

Ready to Build

Virtual Tour

Cottonwood

Franklin, IN 46131

Arbor Homes

Bluffs at Young's Creek

888-858-2308

$299,995

3 Br | 2.5 Ba
2,324 sq. ft.

Spruce - Westwind at Cumberland: Franklin, Indiana - Arbor Homes

Ready to Build

Virtual Tour

Spruce

Franklin, IN 46131

Arbor Homes

Westwind at Cumberland

$287,995

4 Br | 2.5 Ba
2,313 sq. ft.

T1600 - The Overlook at Central State: Indianapolis, Indiana - M/I Homes

Ready to Build

Virtual Tour Plan Viewer

T1600

Indianapolis, IN 46222

M/I Homes

The Overlook at Central State

888-436-7044

$289,990

2 Br | 2.5 Ba | 2 Gr
1,734 sq. ft.

Spruce - Grassy Creek South: Indianapolis, Indiana - Arbor Homes

Ready to Build

Virtual Tour

Spruce

Indianapolis, IN 46239

Arbor Homes

Grassy Creek South

888-237-6281

$296,995

4 Br | 2.5 Ba
2,313 sq. ft.

Elm - Brandywine: Greenfield, Indiana - Ryan Homes

Ready to Build

Video Plan Viewer

Elm

Greenfield, IN 46140

Ryan Homes

Brandywine

888-960-7097

$279,990

4 Br | 2.5 Ba | 2 Gr
2,203 sq. ft.

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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 644 new homes for sale in Indianapolis with a good selection of cheaper homes starting at under $300K.

How to Find Homes in Indianapolis For Less Than $300K?

Many builders recognize there is growing demand in the Indianapolis area for homes under the $300k 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.