A study is reported of the low-temperature electrophysical (including superconducting) characteristics of the (Pb0.5Sn0.5)1 − xInxTe semiconducting solid solutions with an indium content variable within x = 0.05–0.20. A decrease in the impurity content x in the material has been found to bring about a decrease in the superconducting transition temperature Tc and the onset of an “insulating” state of the material. These effects manifest themselves in an increase in the low-temperature (T = 4.2 K) resistivity of (Pb0.5Sn0.5)0.95In0.05Te by more than three orders of magnitude as compared to that of (Pb0.5Sn0.5)0.8In0.2Te. A decrease in the In content in the solid solution also gives rise to a radical change in the shape of the temperature dependence of the electrical resistivity from a metallic behavior in the material with x = 0.20 (decrease in the electrical resistivity with decreasing temperature in the range 300–4.2 K) to a semiconducting behavior in a sample with x = 0.05 (exponential increase in the resistivity at T < 25 K). This transition to the insulating state with decreasing content of the impurity should be assigned to the displacement of the impurity band of quasi-local indium states toward the top of the light-hole valence band of the material and its emergence into the band gap of the solid solution.