New Albany Homes under $250,000

New Albany Homes under $250,000

Welcome to New Albany, Indiana – a charming city nestled along the banks of the Ohio River, just across from Louisville, Kentucky. Known for its rich history and vibrant community, New Albany offers a unique blend of small-town charm and urban convenience. With a population of approximately 37,000 residents, this picturesque city boasts a thriving downtown area, filled with delightful shops, restaurants, and cultural attractions.

One of the standout features of New Albany is its commitment to preserving its historical roots while embracing modern living. Stroll through the tree-lined streets and marvel at the beautifully restored Victorian homes that tell the story of the city’s past. Parks, trails, and recreational facilities abound, providing ample opportunities for outdoor enthusiasts to enjoy the natural beauty of the area.

For homebuyers seeking affordability without sacrificing quality, New Albany presents an enticing selection of homes priced under $250,000. This market segment is perfect for first-time buyers, families, or those looking to downsize. You’ll find a variety of charming properties, from cozy bungalows to spacious single-family homes, all offering the warmth and character that New Albany is known for.

With its friendly neighborhoods, excellent schools, and convenient access to major highways, New Albany is an ideal place to call home. Whether you're drawn by the historic architecture, the strong sense of community, or the affordability of housing, New Albany is a city that welcomes you with open arms. Discover your dream home in this delightful Indiana gem today!

Newest New Albany Homes under $250,000

335 E 14th Street, New Albany
$199,900
5 Beds ⋅ 3 Baths ⋅ 2026012230 MLS
Great investment opportunity in downtown New Albany. 2 properties on one lot- Front house is 1,166 sq. ft. with 2 bedrooms and 1 bath. Back house is accessed through privacy fence or alley, 2 story with 900 sq. ft., 3 bedrooms, 1 bath. Have a family member you would like to be close to? Great idea! Rent out both or live in one and rent the other to pay your monthly mortgage.

335 E 14th Street, New Albany

Listing courtesy of Semonin REALTORS.

1715 McDonald, New Albany
$245,900
4 Beds ⋅ 2 Baths ⋅ 2026012235 MLS
Opportunity awaits at 1715 McDonald Lane! This unique property offers two separate living spaces, making it a great option for an investor, multi-generational living, or an owner-occupant looking for potential additional rental income. Updates on the main home: roof, windows, siding. The main home (1122sqft) features 2 bedrooms and 1 bath, while the detached garage (744sqft) includes an upstairs apartment with an additional 2 bedrooms and 1 bath. The property also includes two additional lots located behind the home, adding even more possibilities for the new owner. Bring your ideas and personal touches to unlock the potential this property has to offer. Conveniently located in New Albany with easy access to shopping, restaurants, everyday amenities and the interstate, with Louisville just a short drive away. Property is being sold AS-IS.

1715 McDonald, New Albany

Listing courtesy of Keller Williams Realty Consultants.

1936 Olive Street, New Albany
$199,000
3 Beds ⋅ 1 Baths ⋅ 2026012215 MLS
Move-in ready and absolutely adorable! This charming Cape Cod offers 3 bedrooms, 1 full bath, and character throughout. Step inside to a welcoming living room with beautiful real hardwood floors. The kitchen features tile flooring and stainless-steel appliances, while the updated full bath offers tile flooring and a fresh, clean feel. Two bedrooms are conveniently located on the main level. Upstairs, the spacious third bedroom spans the entire length of the home and features real hardwood floors and ample closet space. Downstairs, the unfinished walkout basement provides laundry, plenty of storage, and room for future possibilities. Charming, comfortable, and ready to call home! Property is being sold AS-IS; inspections are welcome.

1936 Olive Street, New Albany

Listing courtesy of simpler.realestate.

2705 Charlestown Road, New Albany
$220,000
3 Beds ⋅ 2 Baths ⋅ 2026012207 MLS
Back on the market due to no fault of the seller! Welcome to this charming 3 bedroom, 2 bathroom stone home located in a convenient New Albany neighborhood. This beautifully renovated 1,300 sq ft home perfectly blends original character with modern updates, featuring two brand new bathrooms, luxury LVP flooring throughout main living areas, a new roof, and replacement windows. The original stone exterior and architectural details have been carefully preserved and enhanced, creating a home that retains its authentic, timeless appeal while delivering the updated systems and finishes that today's homeowners want. Conveniently situated in an established New Albany neighborhood close to schools, shopping, dining, and services, this move-in-ready home is perfect for first-time homebuyers, small families, or anyone seeking a well-maintained property with character, convenience, and modern updates all in one package. This is the kind of home and neighborhood where you can truly feel at home from day one.

2705 Charlestown Road, New Albany

Listing courtesy of Schuler Bauer Real Estate Services ERA Powered (N.

3609 Gray Fox Drive, New Albany
$245,000
3 Beds ⋅ 2 Baths ⋅ 2026012173 MLS
Welcome to 3609 Gray Fox Drive! Located in a highly desirable New Albany neighborhood between Grant Line and Charlestown Roads, this meticulously maintained, all-brick ranch offers the perfect combination of everyday convenience and quiet suburban charm—just minutes from local dining, shopping, and groceries. Key Highlights: Main-Level Living: Features 3 spacious bedrooms, 2 full baths, a formal living room, and a formal dining room perfect for hosting. Cozy Family Room: Unwind in the rear family room featuring a cozy gas log fireplace. Outdoor Oasis: Step outside to an amazing covered patio overlooking a fully fenced backyard, complete with a storage shed for all your tools and equipment. Expansive Basement: The full basement provides endless potential and tons of extra space for a home gym, workshop, recreation area, or storage. Parking & Care: Includes an attached 1-car garage, durable all-brick construction, and a track record of meticulous care throughout. Move-in ready and built to last—schedule your private tour today! Notes from Estate: 2012/22 new HVAC, Fence one year old, Selling As is: seller welcomes inspections.. Sq ft & rm sz approx.

3609 Gray Fox Drive, New Albany

Listing courtesy of Schuler Bauer Real Estate Services ERA Powered.

1411 Slate Run Road Unit 19, New Albany
$165,000
2 Beds ⋅ 2 Baths ⋅ 2026012178 MLS
Rare New Albany condo offering 2 bedrooms, 1.5 baths, 1,150 sq. ft., and the only 2-car garage in the development! This move-in-ready home features fresh paint, spacious bedrooms, a primary walkin closet with patio access, washer/dryer included, and a private patio. The deep garage provides excellent parking and storage. HOA includes exterior maintenance, hot and cold water, trash, common areas, and insurance. Conveniently located near Slate Run Elementary, downtown New Albany, I-64, and I-65 for easy access to Louisville. A fantastic low-maintenance opportunity in a wellestablished community! Come see today!

1411 Slate Run Road Unit 19, New Albany

Listing courtesy of RE/MAX FIRST.

1306 Ekin Avenue, New Albany
$175,000
2 Beds ⋅ 2 Baths ⋅ 2026012120 MLS
Charming 1929 cottage-style home offering 2 beds, 2 baths, with wonderful vintage character! Seller just had new roof installed, numerous updates completed since September 15, 2026. Inside, you'll find beautiful oak hardwood flooring, new carpet bedroom flooring, freshly painted throughout, all new PVC sewer line all cast iron removed! Check out the digitally altered hallway photo showing how awesome the hallway would look with built-ins on both sides of the window. This feature would add storage and a functional design. The exterior features a distinctive front gable with decorative gingerbread-style trim and classical architectural details. The former garage has been removed, creating additional parking in the rear of the home with convenient rear access. The backyard is fenced and you will love the covered patio, put your porch swing out there to enjoy the cool fall evenings shortly approaching! This home offers a unique combination of character and everyday functionality.

1306 Ekin Avenue, New Albany

Listing courtesy of Genesis Realty LLC.

812 Vincennes Street, New Albany
$229,500
2 Beds ⋅ 2 Baths ⋅ 2026012097 MLS
Welcome to 812 Vincennes Street, located in The Row—a boutique community of just seven modern townhome condos near the heart of downtown New Albany! This 2-bedroom, 1.5-bath home offers low-maintenance living with a thoughtfully designed layout and the added bonus of a private detached 1-car garage with additional storage space. Step inside to a bright, open-concept main level where the kitchen, dining, and living areas flow seamlessly together, making the space perfect for everyday living or entertaining. The home has been refreshed with new paint throughout most of the interior, along with updated carpeting in one of the bedrooms. The kitchen island has also been enhanced with a new, larger butcher-block countertop, adding both function and character. A convenient half bath and main-level laundry complete the first floor. Upstairs, you'll find two spacious bedrooms and a full bath. The location is hard to beat—enjoy quick access to downtown New Albany's restaurants, shops, and local favorites, along with convenient access to the Sherman Minton Bridge for an easy commute into Louisville. Whether you're searching for your first home, looking to simplify with low-maintenance living, or considering an investment property with rental potential, 812 Vincennes Street offers flexibility in a fantastic New Albany location.

812 Vincennes Street, New Albany

Listing courtesy of Re/Max Premier Properties.

826 Catherine Place, New Albany
$224,900
3 Beds ⋅ 1 Baths ⋅ 2026012025 MLS
Welcome to 826 Catherine Place! This beautifully remodeled 3-bedroom, 1-bath home offers a fresh, inviting feel with thoughtful updates throughout. The newly remodeled interior provides a clean and modern backdrop while maintaining the character and charm of the home. A covered front porch welcomes you in and offers a comfortable outdoor space to enjoy year-round. With three bedrooms, one full bath, and updated living spaces, this home is move-in ready and waiting for its next owner. Conveniently located in New Albany, this property combines classic charm with modern updates. Schedule your showing today! Seller is a licensed real estate agent.

826 Catherine Place, New Albany

Listing courtesy of Keller Williams Realty Consultants.

614 Lynn Road, New Albany
$199,000
3 Beds ⋅ 2 Baths ⋅ 2026011944 MLS
Bring your ideas & make this brick home your own. Situated on a .35 acre corner lot, this home offers plenty of space, solid features, & great potential for an investor or a buyer who wants to live in the home while making improvements over time. The main level features 3 spacious bedrooms and 2 full bathrooms. Hardwood floors run throughout much of the home & are ready to be restored to their original beauty. Laundry hookups offer flexibility, with the option for laundry on the main level or the unfinished basement. The large unfinished basement provides plenty of additional space & has been waterproofed. One basement room already has an egress window, creating future possibilities for an additional bedroom, living area, office, hobby room, or other finished space. Outside, enjoy a shaded backyard with a deck & convenient access from Wolfe Trace, while the front of the home faces Lynn Street. A new front door has also been added. The oversized 2 car garage is a standout feature, offering 3 phase electric, a wood burning stove with blower, and a loft for additional storage. Whether you need room for vehicles, projects, a workshop, equipment, or extra storage, this garage offers plenty of versatility. This home is being sold AS IS & offers a great opportunity for an investor or a buyer looking for a home they can live in now while making updates and improvements over time. Add your own style, customize the space, and create additional value along the way. Sq ft & rm sz approx.

614 Lynn Road, New Albany

Listing courtesy of Schuler Bauer Real Estate Services ERA Powered (N.

1415 Slate Run Road Unit 50, New Albany
$148,500
2 Beds ⋅ 2 Baths ⋅ 2026012074 MLS
Welcome home to low-maintenance living at its absolute finest in Lochwood II Condominiums! Superbly located just minutes from premium shopping, dining, and effortless interstate access, this property ensures everything you need is well within reach. Step up to the inviting covered front porch and take in the peaceful, park-like views before heading inside. The main level features a spacious living room and dining area with durable LVP flooring, a convenient half bath and a large storage closet. Natural light floods the space, which seamlessly transitions through sliding glass doors to your private patio area. Upstairs, retreat to the primary bedroom, complete with a spacious walk-in closet and private sliding doors opening to an elevated balcony overlooking serene green space. The second bedroom is equally impressive, offering abundant storage with double closets. A full hallway bath features integrated washer/dryer hookups for ultimate convenience, alongside an adjacent linen closet. Say goodbye to weekend yard work and hello to a lifestyle of ease! Buyer(s) agent to verify taxes, exemptions, HOA/restrictions and school system. All measurements are approximate. If important, buyer(s) or buyer(s) agent to verify.

1415 Slate Run Road Unit 50, New Albany

Listing courtesy of Keller Williams Realty Consultants.

2103 E Elm Street, New Albany
$209,900
3 Beds ⋅ 2 Baths ⋅ 2026012039 MLS
Opportunity awaits in a convenient New Albany location just minutes from downtown, shopping, dining, and easy access to the bridges! This 3-bedroom home is filled with character and offers a great foundation for a buyer ready to add their own personal touches. Step inside to find gorgeous hardwood floors, impressive 10-foot ceilings, and an antique oak fireplace that adds warmth and charm to the living space. The home also features an extra-large first-floor utility/laundry room, providing plenty of functional space and storage. Outside, enjoy a fenced backyard along with the convenience of a garage. While the home could benefit from a little TLC and updating, it offers plenty of character, space, and potential in a great New Albany location. Bring your ideas and make this one your own! Sq. Ft. is approx. Buyer to verify

2103 E Elm Street, New Albany

Listing courtesy of NextHome Wilson Real Estate.

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