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228 E 600 N, Alexandria, IN
Picture quiet mornings with coffee in the backyard, surrounded by open sky and peaceful privacy. Welcome to your cozy country ranch just outside Alexandria and Anderson, where space, privacy, and simple living come together. Sitting on spacious land in a quiet rural neighborhood, this home offers the breathing room many buyers are searching for. Step outside and you'll find one of the home's standout features: a fully fenced backyard that creates your own private retreat, and a secondary fence for any animals you'd like to keep! Inside, the ranch layout makes everyday living easy and comfortable. With three bedrooms and multiple living spaces, the home offers just the right balance of openness and warmth. Natural light filters throughout! If you've been dreaming about a place where life slows down just enough to enjoy it, this is the one!

Fizbo Market Record — April 10, 2026 Compared against 18 active listings in Alexandria, 9,356 across Indiana, and 179,621 nationwide, here is where this property stands. This 3-bedroom, 2-bathroom ranch-style house sits on a 0.46-acre lot with 12,000 square feet of living space. The listing notes renovations to the home's systems, including a new roof and updated plumbing, as well as upgrades to the electrical system. Built in 1964, this property is situated just outside Alexandria and Anderson, offering a quiet rural neighborhood feel. Priced at $220,000, this listing ranks above 78% of active inventory in the city, with only 22% of listings being more expensive. While it's priced below the state median of $310,000, it's still a luxury premium compared to its peers. In terms of price-per-square-foot, this property is among the top 10% in the city, indicating an aggressive pricing strategy. One notable differentiator for this listing is its large lot size, which ranks in the top 67th percentile in the city. This could be a major selling point for buyers looking for space and privacy. However, it's worth noting that only 12% of competing listings include a garage, which may be an objection to raise with potential buyers. With 18 active listings in the city, this property is competing against a relatively small pool of inventory. The average days on market in Alexandria is just 16 days, indicating a hot market where homes are moving quickly. Given the aggressive pricing strategy and luxury premium, it's likely that this listing will attract strong interest from buyers looking for a high-end property with plenty of space. The median price for 3-bedroom, 2-bathroom listings in the city is $252,400, putting this listing at the 25th percentile among its peers. This suggests that there may be some room to negotiate on price, but it's also worth noting that the property's specs (bedrooms and bathrooms) are slightly below average compared to competing listings.
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Property Type
Single Family
Style
Ranch
Year Built
1964
Lot Size
20,037 sqft
Price / Sqft
$183
Days on Market
13 days
Full Baths
1
Half Baths
1
Subdivision
No Subdivision
MLS #
MBR22087785
Listing Type
Residential
Market
MIBOR
Pending
Mar 24, 2026
228 E 600 N, Alexandria, IN 46001 — Madison County
Ashley Short
Carpenter, REALTORS®

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How this home compares across city, state, and national benchmarks
Listed at $220,000, this 3-bed house in Alexandria is 137% above the Census median home value of $92,700 for Alexandria. Compared to 15 other 3-bed homes in Alexandria (averaging $265,293), this property is 17% below average. Indiana's median home value is $139,802, putting this listing 57% above the state benchmark. The U.S. national median home value is $334,900.
Where this listing falls among 23 homes for sale
Alexandria has a population of 5,145 with a median household income of $60,616 and a homeownership rate of 63.8%. The median home value is $92,700 and the median rent is $813/mo.
Sources: U.S. Census Bureau ACS 2023, Fizbo listing data