Indianola Homes under $500,000

Indianola Homes under $500,000

Welcome to Indianola, Iowa – a charming city nestled in the heart of Warren County, where small-town charm meets vibrant community spirit. Known for its rich history, Indianola is a delightful place to call home, offering residents a perfect blend of peaceful living and access to modern amenities. With its picturesque parks, friendly neighborhoods, and a strong sense of community, Indianola is an ideal spot for families, young professionals, and retirees alike.

One of the standout features of Indianola is its affordability. For those seeking their dream home without breaking the bank, you'll find an impressive selection of properties under $500,000. Whether you're looking for a cozy bungalow or a spacious family home, Indianola's real estate market offers diverse options to suit a variety of tastes and budgets. Many homes boast charming architectural details, well-maintained yards, and proximity to local schools, parks, and shopping areas.

In addition to its affordable housing, Indianola is also known for its thriving local culture. The city hosts numerous events throughout the year, including the famous National Balloon Classic, which attracts visitors from all over. With a strong sense of community pride, residents enjoy a variety of recreational activities, from hiking trails to local sports leagues.

If you’re looking for a welcoming community with affordable housing options, Indianola, Iowa, is the perfect place to start your next chapter. Explore the opportunities that await you in this vibrant city and discover why so many have chosen to make Indianola their home.

Newest Indianola Homes under $500,000

17322 88th Avenue, Indianola
$399,900
3 Beds ⋅ 2 Baths ⋅ 750477 MLS
Privacy, space, and affordability. This 6.87-acre property is located southwest of Indianola in the Indianola School District, with an easy commute to the metro. It's less than 1 mile off pavement and comes with panoramic Iowa countryside views without another house in sight! The south-facing 3 bedroom, 2 bath walkout home offers all-day natural light and a partially finished lower level with 9' ceilings. A wood-burning stove in the basement keeps things cozy through Iowa winters, and there's plenty of firewood already cut and ready to go. The big updates are already done, with a metal roof, updated furnace and water heater, and newer appliances - you can move in without a list of projects. A private well with whole-home RO water filtration means no water bill, and rural water is available at the road if needed. Fiber internet is already hooked up. If you've been wanting horses or a few head of livestock, the setup is already in place. There are multiple fenced pastures and barns with electric, and the pasture offers potential hay income. There's also room for everything the garage in town couldn't hold: a 30x45 covered carport with a 30-amp hookup for the camper, a 24x24 detached 2-car garage with 100-amp service, a 15x18 metal shed, and 9x11 and 11x15 lean-to barns. Mature trees create a peaceful, private setting, and there's an ideal spot ready for a future pond. Deer and turkey are frequent visitors. Schedule your showing today and come see it for yourself!

17322 88th Avenue, Indianola
1612 W 5th Avenue, Indianola
$259,900
4 Beds ⋅ 2 Baths ⋅ 750320 MLS
Welcome home to this move-in ready 4-bedroom split foyer on the west side of Indianola! Freshly repainted throughout with new carpet, this home offers plenty of space and updates to enjoy. The functional layout features 4 bedrooms, 1.25 baths, and a finished laundry room for added convenience. Step outside to a large, fully fenced yard with a nice deck perfect for entertaining, pets, or simply enjoying your own outdoor space. A 2-car detached garage provides plenty of room for parking, storage, or hobbies. With fresh finishes, great outdoor space, and a convenient Indianola location, this home is ready for its next owners. Schedule your showing today!

1612 W 5th Avenue, Indianola
1708 E Euclid Avenue, Indianola
$349,000
3 Beds ⋅ 2 Baths ⋅ 750107 MLS
Welcome home to this inviting open-concept residence featuring tall, vaulted ceilings that create a bright and spacious feel throughout the main living area. The kitchen offers crisp white cabinetry and countertops, complemented by a practical mix of carpet and LVP flooring. Carpet extends through the bedrooms, stairs, hallway, and great room, while LVP flooring flows throughout the remainder of the home for easy maintenance. The main level includes three bedrooms, a full bathroom, and a convenient laundry room. The spacious primary suite is a true retreat, featuring an elegant tray ceiling, private en-suite bathroom, and walk-in closet. The unfinished basement provides valuable additional space and is already stubbed for a future bathroom, offering plenty of potential to create additional living, recreation, or entertaining areas as your needs grow. Step outside onto the deck and enjoy peaceful views overlooking an open, undeveloped field—providing a sense of privacy and an inviting backdrop for morning coffee, outdoor dining, or relaxing evenings. With its functional layout, modern finishes, spacious basement, and scenic outdoor setting, this home offers comfortable living with room to grow.

1708 E Euclid Avenue, Indianola
618 Trail Ridge Road, Indianola
$415,000
3 Beds ⋅ 3 Baths ⋅ 750102 MLS
Welcome to this beautifully appointed 3-bedroom, 3-bathroom townhome on sought-after Trail Ridge Rd.! Thoughtfully designed with stylish finishes and an abundance of living space, this home is ready to impress. The modern kitchen features quartz countertops, abundant cabinetry, a center island, and fingerprint-resistant appliances. A spacious dining area connects the kitchen and living room and showcases a custom shiplap accent wall. The inviting living room features a stone-wrapped fireplace with mantle, lighted built-ins, and views of the expansive deck w/ pergola and extensive backyard landscaping—perfect for relaxing or entertaining. Engineered Hickory hardwood floors flow throughout the kitchen, dining, and living areas. The primary en-suite offers trey ceilings, a dual vanity, and a walk-in closet. All bedrooms feature new carpet installed in 2026. Downstairs, you'll find an additional living area, third bedroom, 3/4 bath, and an impressive amount of storage. With its combination of modern updates, spacious living areas, beautiful outdoor spaces, and desirable location, this Trail Ridge Rd. townhome offers comfort, functionality, and plenty of room to make it your own!

618 Trail Ridge Road, Indianola
1215 N B Street, Indianola
$369,900
4 Beds ⋅ 3 Baths ⋅ 749980 MLS
With this 4 bedroom, 3 bath homes combination of mid-century charm, extensive new living space, flexible bonus rooms, and numerous updates, this home offers an incredible amount of space and potential. When entering through the front door, you’ll immediately notice the beautifully polished hardwood floors and original woodwork. The main level features a comfortable living room, two bedrooms, and a full bathroom. Upstairs, you’ll find another finished bedroom and additional living space. The home opens into the impressive new addition, featuring a large, well-designed kitchen, pantry and dining area with plenty of room for entertaining. Just off the kitchen is the wonderful deck, and on the other side the spacious primary suite, complete with an ensuite and walk-in closet. The side entrance provides convenient access to a mudroom/laundry room, with stairs leading either upstairs or down to the basement. The basement includes a large ¾ bathroom and a finished room currently being used as an office / guest room. The basement under the new addition offers even more possibilities, with two additional rooms that are nearly finished. These spaces could be whatever best fits your needs. There’s also an additional bonus room for even more flexibility. Step outside onto the deck and enjoy the large, almost fully fenced backyard, perfect for relaxing, entertaining, gardening, or enjoying outdoor activities. Come see everything this unique home has to offer!

1215 N B Street, Indianola
107 N H Street, Indianola
$345,000
4 Beds ⋅ 3 Baths ⋅ 750000 MLS
Classic two story home just a few short blocks from Whittier Elementary School.  4 bedrooms plus two and one half baths.  Formal living room and family room that share a two sided gas fireplace.  Formal dining rm that has so many uses.  White kitchen includes all appliances and a pantry. Upstairs, the primary bedroom includes ¾ bath plus three bedrooms and a full bath.  Hard wood floors in the family bedrooms. Lower level has partially finished rec spaces.  Covered deck and fenced side yard with garden shed. Make this one your new home!

107 N H Street, Indianola
1015 S R Street S, Indianola
$475,000
3 Beds ⋅ 3 Baths ⋅ 749761 MLS
JUST LISTED OPEN SUNDAY 1-3 October 4th . Fabulous View of the Deer Run golf course. 2 car garage plus parking next to garage. Kitchen is open to dining area and living room with fireplace. Large enclosed 3 season porch with view of golf course and pond. 3rd bedroom with glass doors and could be used as den or office. Lower level includes family room with ample space for pool table and lots of storage area.

1015 S R Street S, Indianola
400 S 8th Ct Unit 46, Indianola
$374,900
3 Beds ⋅ 3 Baths ⋅ 749788 MLS
Welcome to easy, low-maintenance living at The Meadows! This beautifully cared-for 3BR/3BA walkout is packed with updates and truly move-in ready. The open main level features newer LVP flooring, a spacious kitchen with a large island and walk-in pantry, and convenient main-floor laundry complete with a brand-new washer & dryer set. The primary suite offers its own private bath, while an additional bedroom and bath provide flexibility all on one level. Step outside to the deck with seasonal shade cover and enjoy the outdoors without the hassle of lawn care or snow removal! The finished walkout ll adds even more usable space with a large family room, third bedroom, bath, craft/flex room, added sink area, additional electrical upgrades, and plenty of room for storage. Even the garage has been upgraded with a professionally finished epoxy floor. Thoughtfully improved throughout and exceptionally maintained, this home offers the space, updates, storage, and convenience.

400 S 8th Ct Unit 46, Indianola
306 W Boston Avenue, Indianola
$269,000
4 Beds ⋅ 2 Baths ⋅ 749685 MLS
Charm, Space, and Location! This inviting 1½-story Cape Cod offers more room than you might expect and is just a short walk to beautiful Buxton Park, the library, and the shops and restaurants on the Indianola square. Inside, you’ll love the beautiful hardwood floors throughout. The main level features a spacious living room with wood-burning fireplace, dining area, updated kitchen with cozy breakfast nook and built-in hutch, two bedrooms and a full bath. Upstairs you’ll find two additional bedrooms and another full bath. The basement offers laundry, plenty of storage, a perimeter drain and sump pump. Outside, enjoy beautiful landscaping, a partially privacy-fenced backyard and a 1-car garage. With 4 bedrooms, plenty of character, thoughtful updates and a fantastic location, this well-cared-for home has so much to offer!

306 W Boston Avenue, Indianola
400 S 8th Court Unit 66, Indianola
$339,900
3 Beds ⋅ 3 Baths ⋅ 749667 MLS
Townhome living awaits you at The Meadows! Welcome to unit #66, open floor plan & nicely updated! Move right in & enjoy! Large living space w/ gas fireplace opens to dining & kitchen area, newer LVP floors. Granite counters, stainless appliances & large walk in pantry. Mudroom w/ built in locker system & main level laundry off the 2 car attached garage. Spacious primary suite featuring walk in closet & ensuite w/ walk in shower! Full bath & 2nd BR on main level too. Finished lower level adds a 3rd bedroom, 3/4 bath and large living space. Need storage? Plenty of space in the large storage room. Enjoy greenspace & community from your deck but don't worry about the lawn or snow here!

400 S 8th Court Unit 66, Indianola
401 E 2nd Avenue, Indianola
$269,900
4 Beds ⋅ 3 Baths ⋅ 749590 MLS
Charming 4 BR, 2.5 BA home filled with character, original woodwork, and timeless built-ins throughout. The main level offers beautiful new hardwood floors, a recently remodeled kitchen, a spacious dining area with built-ins, and a comfortable living room featuring a wood-burning fireplace. A main-level bedroom provides flexibility for guests, an office, or everyday living. Steps leading to the covered front porch with swing is the perfect spot to relax and enjoy the neighborhood. Off the back of the home, a convenient mudroom provides add. storage and easy access to the backyard and greenhouse! New stairs and a landing lead to a nice-sized yard with a concrete patio, ideal for outdoor entertaining, along with a detached 2-car garage. Upstairs, you'll find three generously sized bedrooms, each offering ample closet space, plus an additional full bathroom. The unfinished basement provides abundant storage, laundry facilities, and an additional half bath, offering plenty of potential for future use. With its blend of charm and nice updates, this home offers character, functionality, and space in all the right places. From the classic woodwork and built-ins to the remodeled kitchen and new flooring, this is a home that's ready to be enjoyed!

401 E 2nd Avenue, Indianola
801 Trail Ridge Road, Indianola
$450,000
3 Beds ⋅ 3 Baths ⋅ 749457 MLS
Beautifully appointed zero entry townhome with exceptional golf course views and an ideal blend of style, comfort, and functionality. The main level welcomes you with gorgeous white oak hardwood floors and an open floor plan that flows from the kitchen to the living room. The kitchen features granite counters, while the main-floor laundry adds everyday convenience. The spacious primary suite offers a trey ceiling, dual vanity, and walk-in closet. A versatile second bedroom/office includes built-ins, providing the perfect space for working from home or hosting guests. Enjoy the changing seasons from the four-season room, or step onto the composite deck overlooking Indianola Golf Club’s 10th hole. A concrete patio below provides even more outdoor living space. The oversized 2-car attached garage features a durable coated floor w/ floor drain. The walkout LL expands the living space considerably, offering a 3rd bedroom, non-conforming 4th bedroom, wet bar, and a spacious finished area that feels like an almost complete second living space—perfect for a family room, recreation area, guests, or entertaining. This is a truly special opportunity to enjoy low-maintenance living with beautiful finishes, abundant space, and an outstanding golf course backdrop

801 Trail Ridge Road, Indianola
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