Franklin, IN Homes for Sale under $500,000

/39
$421,995 New Construction
- 5 Beds
- 3.5 Baths
- 3,020 Sq Ft
Paddington Plan at Kingsbridge - 3-Car Venture, Franklin, IN 46131

The first floor of this two-story home is host to a spacious open floorplan consisting of a Great Room, dining area and modern kitchen as well as a bedroom and study placed to the side of the home. Upstairs, there are four additional bedrooms, including the restful owner’s suite, and a versatile loft provides shared living space on the second floor.

Lennar Builder

1414 Covington Blvd Unit 36041273, Franklin, IN 46131
Explore Franklin
/35
$400,995 New Construction
- 5 Beds
- 3 Baths
- 2,578 Sq Ft
Jasper Plan at Kingsbridge - 3-Car Venture, Franklin, IN 46131

The first floor of this two-story home is host to an inviting open floorplan consisting of a Great Room, dining area and modern kitchen. A bedroom on the primary floor is ideal for a guest suite or home office. Upstairs, there are four additional bedrooms, including the luxe owner’s suite. A versatile loft provides a shared living area on the second floor.

Lennar Builder

1414 Covington Blvd Unit 36041274, Franklin, IN 46131
/33
$401,995 New Construction
- 5 Beds
- 3.5 Baths
- 3,054 Sq Ft
Valencia Plan at Kingsbridge - Venture, Franklin, IN 46131

The largest floorplan in the collection, this two-story home offers convenience and comfort. A separate bedroom and a study can be found off the foyer, providing space for guests and a practical home office. The Great Room, dining room and kitchen are arranged among a spacious open floorplan. Four bedrooms and a loft are located on the second floor.

Lennar Builder

1414 Covington Blvd Unit 36041266, Franklin, IN 46131
/9
$495,000
- Land
- 22 Acres
- $22,500 per Acre
2069 W 300 S, Franklin, IN 46131

PROPERTY DESCRIPTIONLandProz is pleased to present the Fairview Properties LLC property in Johnson County, IN.This well-located tract offers an excellent opportunity for residential use in a quiet rural setting. The property features mostly level topography with only 18 feet of total elevation change, making it ideal for a custom-built home, hobby farm, or small residential estate

Eric Richards LandProz of Indiana

2069 W 300 S, Franklin, IN 46131
/32
$470,000
- 3 Beds
- 2 Baths
- 2,737 Sq Ft
2248 Somerset Dr, Franklin, IN 46131

Beautifully designed and just 3 years new, this 2,737 sq ft 1.5-story home in Legends West offers a spacious, thoughtfully laid-out floor plan with 9' ceilings and an inviting layout perfect for modern living. Just inside the large entry foyer, you'll find a versatile flex room-ideal for a formal dining room or home office-highlighted by an elegant ceiling feature that adds a touch of

David Ebeyer Ebeyer Realty, LLC

2248 Somerset Dr, Franklin, IN 46131
/91
$449,900
- 4 Beds
- 2.5 Baths
- 3,456 Sq Ft
99 N Forsythe St, Franklin, IN 46131

Welcome to the Nationally Registered Historic Forsythe-Schlosser Home! One of the last standing original farmhouse homes from when Franklin was founded! This distinguished single family residence, constructed in 1856, presents an attractive property in great condition. The heart of this home resides within its meticulously appointed kitchen, where culinary aspirations come to life amidst shaker

Beth Liller Compass Indiana, LLC

99 N Forsythe St, Franklin, IN 46131
/53
$430,000
- 5 Beds
- 2.5 Baths
- 3,373 Sq Ft
1097 Virgo Dr, Franklin, IN 46131

Welcome to this beautifully maintained, like-new home built in 2022-offering all the benefits of new construction without the wait! Situated on a desirable corner lot, this spacious property features 5 bedrooms, including one on the main level (currently used as a home office), a versatile loft area and a finished basement perfect for additional living or workspace. The main level boasts an

Debra Brown-Nally Carpenter, REALTORS®

1097 Virgo Dr, Franklin, IN 46131
/43
$409,900 Open Sun 1PM - 3PM
- 5 Beds
- 3.5 Baths
- 3,054 Sq Ft
1426 Covington Blvd, Franklin, IN 46131

Situated at 1426 Covington BLVD, FRANKLIN, IN, USA, this attractive single family residence, built in 2025, stands in great condition, ready to define a refined living experience. The heart of this home reveals a kitchen designed for both culinary creativity and convivial gatherings. A large kitchen island provides ample space for meal preparation and casual dining, complemented by elegant shaker

Baljinder Singh Keller Williams Indy Metro NE

1426 Covington Blvd, Franklin, IN 46131
/53
$450,000
- 5 Beds
- 2 Baths
- 3,632 Sq Ft
690 E Jefferson St, Franklin, IN 46131

Historic Charm Meets Modern Updates in the Heart of Downtown Franklin! Don't miss this stunning 5-bedroom, 2-bath historic home just steps from Downtown Franklin's shops, restaurants, and entertainment. Walkable, move-in ready, and full of character - this one checks every box. Step inside to a grand foyer with a beautiful hardwood staircase and a formal living room bathed in natural light,

Devan Lunceford Ellsbury Group

690 E Jefferson St, Franklin, IN 46131
/13
$495,000
- Land
- 22.41 Acres
- $22,089 per Acre
2065 W 300 S, Franklin, IN 46131

This well-located tract offers an excellent opportunity for residential use in a quiet rural setting. The property features mostly level topography with only 18 feet of total elevation change, making it ideal for a custom-built home, hobby farm, or small residential estate with room for outbuildings. With approximately 325 feet of road frontage along 300 South, the property provides convenient

Eric Richards Landproz of Indiana, LLC

2065 W 300 S, Franklin, IN 46131
/21
$450,000
- 3 Beds
- 2 Baths
- 1,748 Sq Ft
5495 E Greensburg Rd, Franklin, IN 46131

Country Living with Modern Comfort in Franklin, Indiana! Welcome to your dream home in beautiful Franklin, located in desirable Johnson County! This well-maintained 3 bedroom, 2 bathroom ranch home sits on 3.24 peaceful acres, offering the perfect blend of privacy, space, and convenience. Property Features: * Spacious and functional single-level ranch layout * Durable metal roof for long-term

Kamalgurinder Jawandha WELCOME HOME INDIANA LLC

5495 E Greensburg Rd, Franklin, IN 46131
/84
$469,000
- 5 Beds
- 2 Baths
- 2,406 Sq Ft
3366 S 800 E, Franklin, IN 46131

Your search for a peaceful, secluded property on 2 acres just outside of town - ends now! Modern farmhouse charm on 2 beautiful acres, just minutes from Downtown Franklin! This stunning 5-bedroom home has been updated from top to bottom within last three to five years and offers the privacy and style you've been looking for, with an easy commute in any direction thanks to a short drive to the

John Pfifer Hemrick Property Group Inc.

3366 S 800 E, Franklin, IN 46131
/61
$469,900
- 2 Beds
- 1.5 Baths
- 2,053 Sq Ft
227 E Jefferson St, Franklin, IN 46131

The timeless appeal and nostalgic charm of this classic mid-1800s American home are evident at every turn. From the richly detailed exterior trim and inviting covered front porch to the traditional vestibule, the home beautifully showcases its historic character. Soaring ceilings, finely crafted woodwork, elegant transom doorways, and leaded stained-glass windows evoke the warmth and

Steve Lew Steve Lew Real Estate Group, LLC

227 E Jefferson St, Franklin, IN 46131
/86
$409,900
- 6 Beds
- 3.5 Baths
- 3,720 Sq Ft
492 Pelenor Dr, Franklin, IN 46131

Discover an exceptionally spacious 6-bedroom, 3.5-bath home in Franklin's desirable Camelot neighborhood-with no HOA and room for everyone. Perfect for multi-generational living, home offices, or large families, this home offers an adaptable layout with multiple living areas and an elevator for easy access between floors. Enjoy summertime living in your own inground pool, plus a fully fenced

Kimberlee Peters Kimberlee Peters

492 Pelenor Dr, Franklin, IN 46131
/30
$418,225 New Construction
- 5 Beds
- 3 Baths
- 3,054 Sq Ft
1596 Pine Cir, Franklin, IN 46131

The largest floorplan in the collection, this two-story home offers convenience and comfort. A separate bedroom and a study can be found off the foyer, providing space for guests and a practical home office. The Great Room, dining room and kitchen are arranged among a spacious open floorplan. Four bedrooms and a loft are located on the second floor.

Lennar Builder

1596 Pine Cir, Franklin, IN 46131
/36
$461,375 New Construction
- 5 Beds
- 3 Baths
- 3,020 Sq Ft
1588 Hickory Ln, Franklin, IN 46131

The first floor of this two-story home is host to a spacious open floorplan consisting of a Great Room, dining area and modern kitchen as well as a bedroom and study placed to the side of the home. Upstairs, there are four additional bedrooms, including the restful owner’s suite, and a versatile loft provides shared living space on the second floor.

Lennar Builder

1588 Hickory Ln, Franklin, IN 46131
/30
$412,450 New Construction
- 4 Beds
- 3 Baths
- 2,278 Sq Ft
1183 Jubilee Ln, Franklin, IN 46131

Step into the Cortland by D.R. Horton, America’s Builder, where contemporary design meets timeless comfort in a sprawling 2,278 square foot ranch haven. This exquisite residence is a masterclass in modern architecture, boasting four spacious bedrooms and three luxurious bathrooms thoughtfully arranged to maximize both privacy and connection. The heart of the home is the magnificent open-concept

D.R. Horton Builder

1183 Jubilee Ln, Franklin, IN 46131
/29
$451,930 New Construction
- 6 Beds
- 4.5 Baths
- 3,420 Sq Ft
3762 Hanford Rd, Franklin, IN 46131

The Great Room, dining room and kitchen share a convenient open concept floorplan on the first floor of this two-story home, adjacent to a secondary bedroom and study. A versatile loft and five additional bedrooms occupy the top floor, including the restful owner’s suite, which features a bedroom, en-suite bathroom and walk-in closet.

Lennar Builder

3762 Hanford Rd, Franklin, IN 46131
/29
$448,675 New Construction
- 6 Beds
- 3.5 Baths
- 3,300 Sq Ft
3723 Hanford Rd, Franklin, IN 46131

The Great Room, dining room and kitchen share a convenient open concept floorplan on the first floor of this two-story home, adjacent to a secondary bedroom and study. A versatile loft and five additional bedrooms occupy the top floor, including the restful owner’s suite, which features a bedroom, en-suite bathroom and walk-in closet.

Lennar Builder

3723 Hanford Rd, Franklin, IN 46131
/32
$411,085 New Construction
- 5 Beds
- 3 Baths
- 2,578 Sq Ft
3777 Hanford Rd, Franklin, IN 46131

The first floor of this two-story home is host to an inviting open floorplan consisting of a Great Room, dining area and modern kitchen. A bedroom on the primary floor is ideal for a guest suite or home office. Upstairs, there are four additional bedrooms, including the luxe owner’s suite. A versatile loft provides a shared living area on the second floor.

Lennar Builder

3777 Hanford Rd, Franklin, IN 46131
/22
$409,900 Open Sat 11AM - 1PM
- 4 Beds
- 2 Baths
- 1,771 Sq Ft
1114 Winterfield Blvd, Franklin, IN 46131

Welcome to 1114 Winterfield in Franklin - a beautiful brand-new ranch home designed with modern comfort and style in mind. This thoughtfully designed 4-bedroom, 2 full bath home features an open-concept layout with 9-foot ceilings throughout. The expansive kitchen is the heart of the home, offering crisp white cabinetry, durable hard-surface countertops and plenty of space for cooking

Deana Hawkins Carpenter, REALTORS®

1114 Winterfield Blvd, Franklin, IN 46131
/44
$442,600 New Construction
- 5 Beds
- 3.5 Baths
- 3,062 Sq Ft
1157 Jubilee Ln, Franklin, IN 46131

Welcome to the Johnstown by D.R. Horton, America’s Builder—a residence that redefines spaciousness and modern luxury. Boasting an impressive 3,062 square feet, this home is designed to accommodate every aspect of a busy lifestyle with its 5 generous bedrooms, 3.5 bathrooms, and a versatile 3-car garage that provides ample room for vehicles and storage alike. The main level is a masterclass in

D.R. Horton Builder

1157 Jubilee Ln, Franklin, IN 46131
/10
$443,797 New Construction
- 4 Beds
- 2.5 Baths
- 2,431 Sq Ft
2066 Gosling Ct, Franklin, IN 46131

Discover the Harrison-an inviting 2story home designed for modern living in a small custom community. This thoughtfully crafted layout features 4 spacious bedrooms & a mainfloor den, offering the perfect balance of flexibility & function. The openconcept kitchen & great room create a bright, seamless gathering space ideal for everyday living & entertaining. Enjoy peaceful pond views from the

Marie Edwards HMS Real Estate, LLC

2066 Gosling Ct, Franklin, IN 46131
/36
$409,777 New Construction
- 4 Beds
- 3 Baths
- 2,278 Sq Ft
1110 Jubilee Ln, Franklin, IN 46131

Step into the Cortland by D.R. Horton, America’s Builder, where contemporary design meets timeless comfort in a sprawling 2,278 square foot ranch haven. This exquisite residence is a masterclass in modern architecture, boasting four spacious bedrooms and three luxurious bathrooms thoughtfully arranged to maximize both privacy and connection. The heart of the home is the magnificent open-concept

D.R. Horton Builder

1110 Jubilee Ln, Franklin, IN 46131
/32
$418,390 New Construction
- 5 Beds
- 3 Baths
- 2,578 Sq Ft
3768 Hanford Rd, Franklin, IN 46131

The first floor of this two-story home is host to an inviting open floorplan consisting of a Great Room, dining area and modern kitchen. A bedroom on the primary floor is ideal for a guest suite or home office. Upstairs, there are four additional bedrooms, including the luxe owner’s suite. A versatile loft provides a shared living area on the second floor.

Lennar Builder

3768 Hanford Rd, Franklin, IN 46131
/30
$411,680 New Construction
- 5 Beds
- 3.5 Baths
- 3,054 Sq Ft
1560 Pine Cir, Franklin, IN 46131

The largest floorplan in the collection, this two-story home offers convenience and comfort. A separate bedroom and a study can be found off the foyer, providing space for guests and a practical home office. The Great Room, dining room and kitchen are arranged among a spacious open floorplan. Four bedrooms and a loft are located on the second floor.

Lennar Builder

1560 Pine Cir, Franklin, IN 46131
/5
$414,900 New Construction
- 4 Beds
- 2.5 Baths
- 2,851 Sq Ft
Branson Plan at Winterfield, Franklin, IN 46131

The Branson by D.R. Horton in Franklin is an expansive two-story floorplan that offers approximately 2,702 square feet of living space, expertly designed to accommodate the needs of a growing family. This home features 4 spacious bedrooms and 2.5 well-appointed bathrooms, beginning with a grand main level that emphasizes open-concept living. The heart of the home is a chef-inspired kitchen

D.R. Horton Builder

1138 Winterfield Blvd Unit 39577277, Franklin, IN 46131
/26
$429,900 New Construction
- 5 Beds
- 3.5 Baths
- 3,062 Sq Ft
Johnstown Plan at Winterfield, Franklin, IN 46131

Welcome to the Johnstown by D.R. Horton, America’s Builder—a residence that redefines spaciousness and modern luxury. Boasting an impressive 3,062 square feet, this home is designed to accommodate every aspect of a busy lifestyle with its 5 generous bedrooms, 3.5 bathrooms, and a versatile 3-car garage that provides ample room for vehicles and storage alike. The main level is a masterclass in

D.R. Horton Builder

1138 Winterfield Blvd Unit 36206603, Franklin, IN 46131
/39
$444,900 New Construction
- 5 Beds
- 3.5 Baths
- 3,388 Sq Ft
Dayton Plan at Winterfield, Franklin, IN 46131

D.R. Horton, America’s Builder, presents the Dayton. Grand in size and style, the Dayton is a 3,388 square feet, 5 bedroom beauty. Open living with an expansive great room, casual dining area and kitchen. The well-designed kitchen is enhanced by a large center island with plenty of countertop and cabinet space, generous walk-in pantry with access to the dining area. The main level also features a

D.R. Horton Builder

1138 Winterfield Blvd Unit 36206604, Franklin, IN 46131
/32
$435,995 New Construction
- 6 Beds
- 3.5 Baths
- 3,300 Sq Ft
Wentworth Plan at Kingsbridge - 3-Car Venture, Franklin, IN 46131

The Great Room, dining room and kitchen share a convenient open concept floorplan on the first floor of this two-story home, adjacent to a secondary bedroom and study. A versatile loft and five additional bedrooms occupy the top floor, including the restful owner’s suite, which features a bedroom, en-suite bathroom and walk-in closet.

Lennar Builder

1414 Covington Blvd Unit 36041275, Franklin, IN 46131

Indiana Johnson County Franklin

Home Trends in Franklin, IN

On average, homes in Franklin, IN sell after 43 days on the market compared to the national average of 55 days. The median sale price for homes in Franklin, IN over the last 12 months is $319,497, up 10% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$319,497

Median Single Family Sale Price

$330,000

Median Townhouse Sale Price

$215,000

Median 2 Bedroom Sale Price

$320,000

Average Price Per Sq Ft

$168

Number of Homes for Sale

Last 12 months Home Sales

508

Months of Supply

2.30

Median List Price

$339,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

10%

How to Buy a Home How to Finance a Home How to Sell a Home

In Franklin, you'll encounter a variety of homes and houses for sale priced under $500,000, providing affordable options for potential buyers. With 30 listings available, there's a wide selection to explore, from charming bungalows to contemporary townhouses. These properties offer an opportunity to enter the real estate market or diversify your investment portfolio without exceeding your budget. Discover the range of homes for sale under 500k in Franklin, IN and find the perfect fit for your homeownership goals.

Franklin Types of Homes for Sale

Franklin Homes by Price

Franklin Real Estate Listings

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Homes for Sale in Nearby Counties

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