Salem Homes under $200,000

Salem Homes under $200,000

Welcome to Salem, Indiana – a charming city that beautifully blends small-town warmth with a rich history and a vibrant community spirit. Nestled in Washington County, Salem is known for its picturesque landscapes, friendly neighbors, and a strong sense of belonging. With a population that enjoys a slower pace of life, residents here appreciate the serene surroundings, making it an ideal place for families, retirees, and anyone seeking a peaceful retreat.

Salem is steeped in history, boasting several historic sites and a quaint downtown area that features unique shops, delightful eateries, and local markets. The city is surrounded by lush parks and outdoor recreational opportunities, perfect for hiking, picnicking, and enjoying the beauty of nature. With a strong sense of community, Salem hosts various events throughout the year, fostering connections among residents and providing a lively atmosphere.

For those looking to purchase a home in Salem, you’ll be pleased to know that there are fantastic options available under $200,000. Whether you’re a first-time homebuyer, downsizing, or seeking an investment opportunity, Salem offers a range of affordable housing options. From cozy bungalows to charming ranch-style homes, you’ll find properties that suit your lifestyle and budget. With a growing real estate market, now is the perfect time to explore the possibilities of homeownership in this delightful city.

Come discover Salem, Indiana – where affordable living meets a welcoming community, and your dream home awaits!

Newest Salem Homes under $200,000

1205 Locust Street, Salem
$165,000
3 Beds ⋅ 2 Baths ⋅ 2026012577 MLS ⋅ ACTIVE Status
Welcome home! This inviting property offers a spacious open floor plan, a desirable split bedroom layout, and a comfortable primary suite with a private bath. Enjoy relaxing on the large front porch or entertaining in the fenced backyard. Major updates include a roof and HVAC system replaced within the last five years. With a functional one level design and appliances included, this home offers comfortable living and everyday convenience. Don't miss the opportunity to make this Salem property your own. Schedule your showing today!

1205 Locust Street, Salem
807 Sandy Circle, Salem
$194,900
3 Beds ⋅ 2 Baths ⋅ 2026012513 MLS ⋅ ACTIVE Status
New construction in the desirable Hidden Hills subdivision! This quality-built 3-bedroom, 2-bath home offers approximately 1,100 square feet of thoughtfully designed living space on a spacious 0.305-acre lot. The open floor plan provides a comfortable flow between the living area, kitchen, and dining space, making it ideal for everyday living and entertaining. The split-bedroom layout offers added privacy, while the primary suite features its own full bath. Built with modern finishes, energy-efficient construction, and low-maintenance living in mind, this home is an excellent opportunity for first-time buyers, downsizers, or anyone looking to enjoy the benefits of brand-new construction. USDA 100% Financing is available on this home to buyers that qualify. Please note: The City of Salem is currently in the process of constructing a cul-de-sac at the end of Sandy Circle, providing improved access and enhancing the neighborhood upon completion.

807 Sandy Circle, Salem
708 N Water Street, Salem
$199,900
3 Beds ⋅ 2 Baths ⋅ 2026012258 MLS ⋅ ACTIVE Status
Location, Location, Location! This 2 story 3 bedroom, 1.5 bath home offers approximately 1420 sq ft. of comfortable living space in a convenient location within walking distance of schools, Cheddar Depot and near the hospital. The home features the main bedroom on the 1st floor and two others on the 2nd floor. A one car detached garage has many possibilities. There is a large loft in the garage as well for all your storage needs. Nice size fenced back yard boast a great deck, above ground pool and plenty of space to relax or entertain. With plenty of space and versatility, this home and property would be a great place for you! Schedule your showing today and see all that 708 N Water St has to offer!

708 N Water Street, Salem
6129 S Bud Miller Road, Salem
$129,000
3 Beds ⋅ 2 Baths ⋅ 2026011893 MLS ⋅ ACTIVE Status
Welcome to 6129 S Bud Miller Rd in Salem, Indiana! This property offers the opportunity to enjoy the peaceful Washington County countryside while remaining conveniently located near Salem and area amenities. Whether you're looking for a place to call home, a property with room to grow, or an opportunity to make a property your own, this location is worth a look. Set along Bud Miller Road, the property provides a more private rural setting with the potential to create the lifestyle you've been looking for. Bring your vision and take advantage of all this property has to offer. Schedule your private showing today and see the possibilities for yourself!

6129 S Bud Miller Road, Salem
602 Tucker Street, Salem
$189,900
3 Beds ⋅ 1 Baths ⋅ 2026011853 MLS ⋅ ACTIVE Status
Welcome to this charming 3-bedroom, 1-bath home in Salem! Featuring a blend of classic charm and thoughtful updates, this home is ready for its next owner. From the beautifully updated kitchen and bathroom to the original character throughout, every space has something to appreciate. Natural light, hardwood floors, marble windowsills, and a spacious living area add to the warmth of the home. The kitchen and bathroom were beautifully updated in 2025. Major exterior improvements include a new roof, gutters, and garage door, all completed in 2021. The basement was professionally waterproofed in 2026, providing added peace of mind. An attached garage offers convenient parking and additional storage. It’s comfortable, charming, and thoughtfully cared for. The kind of home that feels easy to settle into.

602 Tucker Street, Salem
104 N Posey Street, Salem
$154,900
3 Beds ⋅ 1 Baths ⋅ 2026011745 MLS ⋅ ACTIVE Status
Super cute 3 Br. 1 Ba home has a rustic feel when you enter off the covered front porch. Amenities include a wraparound covered porch which was recently redone and has new front steps and a back deck. Detached garage/shed, and a large, shaded lot with additional concrete pad and alley access in the back yard. Inside amenities include a large Kitchen with lots of cabinets and includes all appliances, large formal dining room with arched doorway, new laminate flooring and trim, separate utility/mud room. Lots of new upgrades including a new roof, new A/C, updated bathroom, new front and back door and new gutters. Low utility bills and is close to shopping and schools.

104 N Posey Street, Salem
4249 W Grandview Road, Salem
$132,000
3 Beds ⋅ 1 Baths ⋅ 2026011851 MLS ⋅ ACTIVE Status
Step into the rustic warmth of 4249 W Grandview Road, a charming 3 bed, 1 bath country retreat offering 1,482 square feet of comfortable living. Nestled in a peaceful rural setting, this home blends rustic character with wide-open surroundings, creating the perfect escape from the everyday rush. Inside, you will find spacious rooms, natural textures, new appliances, and a cozy country feel throughout. Outside, enjoy the newly installed deck, perfect for relaxing, entertaining, or taking in the peaceful surroundings. The property also provides room to roam, garden, or simply enjoy the quiet beauty of nature. Whether you're dreaming of a simpler lifestyle or a place with authentic rustic appeal, this property delivers a welcoming slice of country living

4249 W Grandview Road, Salem
606 Cauble Street, Salem
$179,900
3 Beds ⋅ 1 Baths ⋅ 2026011831 MLS ⋅ ACTIVE Status
Welcome home to 606 Cauble Street, where the hard work has already been done and all that’s left is making it yours. Completely redone in 2022, this Salem home pairs modern updates with the kind of easy, comfortable charm that just feels good the minute you walk in. Inside, you’ll find a bright, open living space, updated flooring, a modern kitchen with stainless appliances, and plenty of natural light. The soft colors and clean finishes keep everything feeling fresh without losing that cozy, lived-in warmth. And outside? There’s a covered front porch practically begging for a rocking chair and a slow morning cup of coffee, plus a spacious yard and storage shed that stays with the property. Updated, inviting, and ready for its next people, 606 Cauble Street is the kind of place that makes coming home feel easy.

606 Cauble Street, Salem
1681 S Lockenour Lane, Salem
$189,000
3 Beds ⋅ 2 Baths ⋅ 2026011757 MLS ⋅ ACTIVE Status
Country setting, acreage, major recent improvements, and convenient interstate access come together in this 3-bedroom, 2-bath home situated on approximately 1.37 acres in Washington County. The metal roof and Bryant HVAC system are both approximately one year old, adding value from the start. Inside, the home features a dedicated laundry room, freestanding propane fireplace, and a primary bathroom with a garden tub and separate shower. The refrigerator, range, microwave, and dishwasher remain. Outside features include a covered front porch, side deck, wide driveway, firepit, small playhouse, and a fully fenced portion of the yard. The property also offers a storage shed with electricity, and outlets, plus a 30-amp electrical hookup for a camper or RV. Public water and a private septic system complete the property. Located approximately 21 minutes from I-65 Exit 19 via State Road 160, the location provides convenient access toward Louisville and destinations farther south. With acreage, recent big-ticket improvements, interstate access, and useful outdoor amenities, this property offers an appealing combination of features and value. Schedule your showing today!

1681 S Lockenour Lane, Salem
1007 N Main Street, Salem
$154,900
3 Beds ⋅ 2 Baths ⋅ 2026011566 MLS ⋅ ACTIVE Status
Come check out this 3 bedroom/2 bath home that offers a 2-Car Detached Garage in a very convenient location on Main Street in Salem, IN! The seller is offering UP TO $6,000 in buyer closing costs/points and prepaids! This home has gorgeous hardwood floors and hardwood trim throughout with a large living room (w/fireplace) and formal dining room! It offers 1,092 sq. ft plus an additional 322 sq. ft in the enclosed front porch and back porch with a main floor laundry room! There is plenty of storage space in the unfinished basement that offers an additional 1,092 sq. ft! Sold AS IS @ Closing! ALL data is APPROX. and should be VERIFIED by Buyer's via home inspections and/or survey. Inspections/Survey WELCOME @ Buyer's expense.

1007 N Main Street, Salem
3034 W Cox Ferry Road, Salem
$119,900
4 Beds ⋅ 3 Baths ⋅ 2026011046 MLS ⋅ ACTIVE Status
BACK ON MARKET DUE TO BUYERS ON PERFORMING...DON'T MISS THIS ONE AGAIN Looking for a couple of acres in the country? This could be the spot for you! Situated on approximately 2 acres in Salem, this 4-bedroom, 2.5-bath home offers plenty of space inside and out. The home features a dining area and a spacious living room with a wood-burning stove, perfect for adding extra warmth on those chilly evenings. The updated kitchen features newer cabinets and granite countertops, and all kitchen appliances will remain. The bedrooms have new carpet, the room addition used as the Main bedroom has a walk in closet, full bath, and its own exterior entrance. This home also has an updated 200-amp electrical panel. Several major improvements have already been completed, including a new HVAC system in 2019, new gutters in 2019, and a metal roof approximately 6 years old. Need garage space? The oversized garage is a standout feature, offering plenty of room for a mechanic, car enthusiast, or anyone needing a large workshop with space to work on multiple vehicles. The garage also features a wood-burning stove, and a large air compressor will remain with the property. Two new garage doors were installed in 2019, and some additional garage equipment will remain. An attached lean-to provides additional covered parking, while the separate shed offers even more storage for lawn equipment, tools, and outdoor gear. Sq ft & rm sz approx.

3034 W Cox Ferry Road, Salem
no property photo
$189,500
3 Beds ⋅ 2 Baths ⋅ 2026010979 MLS ⋅ ACTIVE Status
Move-in ready with a BRAND-NEW ROOF! This extensively updated 3-bedroom, 2-full-bath Salem home offers approximately 1,306 sq. ft. of comfortable living with improvements inside and out. Step inside to fresh paint and waterproof luxury vinyl plank flooring throughout, charming arched openings and updated lighting. The refreshed kitchen features new cabinetry, a pantry with stylish barn doors, range and dishwasher that remain with the home. Both full bathrooms have been updated, including modern vanities, fixtures and shower surround. Major improvements include a new Rheem HVAC system professionally installed by Richardson’s Heating & Air, cleaned HVAC ductwork and a new water heater. Outside you’ll find new siding, new gutters, a new front deck, several replacement windows and a partially fenced backyard offering plenty of room to relax, play or entertain. Conveniently located in Salem near schools, shopping, dining and everyday amenities. So many updates are already complete—just move in and make it yours! Schedule your private showing today.

606 Ridgeview Drive, Salem
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