Franklin, IN Homes for Sale under $500,000

/35
$436,085 New Construction
- 5 Beds
- 3.5 Baths
- 3,020 Sq Ft
3773 Hanford Rd, 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

3773 Hanford Rd, Franklin, IN 46131
Explore Franklin
/35
$439,085 New Construction
- 5 Beds
- 3.5 Baths
- 3,020 Sq Ft
3776 Hanford Rd, 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

3776 Hanford Rd, Franklin, IN 46131
/39
$419,995 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
/26
$429,900 New Construction
- 5 Beds
- 3.5 Baths
- 3,062 Sq Ft
Johnstown Plan at Winterfield, Franklin, IN 46131

D.R. Horton, America’s Builder, presents the Johnstown. At 3,062 square feet, the Johnstown has everything you are looking for and more with 5 bedrooms, 3.5 baths and 3-car garage. Discover a spacious bedroom on the first floor, along with the abundantly-sized great room, dining area and flex room. The star of the home is the stunning kitchen with its large center island, countertop space galore

D.R. Horton Builder

1138 Winterfield Blvd Unit 36206603, Franklin, IN 46131
/69
$484,000
- 5 Beds
- 2 Baths
- 2,406 Sq Ft
3366 S 800 E, Franklin, IN 46131

Just in time for the NEW YEAR! Your search for a peaceful, secluded property on a couple of acres just outside of town - ends now. Modern farmhouse charm on 2 beautiful acres, just minutes from Downtown Franklin! This fully remodeled 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

Corina Jones Your Home Team

3366 S 800 E, Franklin, IN 46131
/54
$469,000
- 3 Beds
- 2.5 Baths
- 2,850 Sq Ft
3151 E 150 S, Franklin, IN 46131

Nestled at 3151 E 150 S, FRANKLIN, IN, this single-family residence in Johnson County presents an inviting home, ready for its new chapter. The living room is a true centerpiece, featuring a fireplace that promises cozy evenings, built-in shelves perfect for showcasing your favorite collections, and a beamed ceiling that adds character and architectural interest. Imagine relaxing in this space,

Levi Coons Doc Real Estate, Inc

3151 E 150 S, Franklin, IN 46131
/22
$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
/26
$444,900 New Construction
- 5 Beds
- 3.5 Baths
- 3,388 Sq Ft
1105 Winterfield Blvd, Franklin, IN 46131

D.R. Horton is thrilled to unveil the Dayton floorplan in Franklin. This extraordinary 3,388-square-foot home, featuring five bedrooms, promises grandeur and style. Imagine open living spaces with an expansive great room, a casual dining area, and a kitchen designed to impress. The kitchen shines with a large center island, abundant countertop and ample cabinet space featuring soft white

D.R. Horton Builder

1105 Winterfield Blvd, Franklin, IN 46131
/32
$400,000 New Construction
- 3 Beds
- 2 Baths
- 2,287 Sq Ft
1553 Crabapple Rd, Franklin, IN 46131

Christopher Burke Keller Williams Indy Metro S

1553 Crabapple Rd, Franklin, IN 46131
/34
$469,900
- 4 Beds
- 3 Baths
- 2,034 Sq Ft
2310 Fox Dr, Franklin, IN 46131

Welcome Home to Peace and Privacy! Nestled on a quiet street surrounded by well-maintained homes, this beautifully updated 4-bedroom, 3-bath residence offers the perfect balance of modern comfort and country charm set on an expansive 1.4 acre lot with no HOA restrictions. Step inside to find new flooring, fresh paint throughout, and updated lighting that enhance every room. The kitchen shines

Jake Stiles Coldwell Banker Stiles

2310 Fox Dr, 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
/66
$464,900
- 4 Beds
- 2.5 Baths
- 2,554 Sq Ft
1990 Red Oak Dr, Franklin, IN 46131

Nestled at 1990 Red Oak DR, in the beautiful city of Franklin, Indiana, this single-family residence presents an incredible opportunity to own a substantial home in Paris Estates. This property offers an abundance of space and potential for comfortable living. The living area provides ample room for both relaxation and entertainment. Imagine comfortable evenings spent in one of the two living

Christy Norton Norton Premier Real Estate

1990 Red Oak Dr, Franklin, IN 46131
/28
$452,390 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
$434,995 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
/12
$448,900
- 4 Beds
- 2.5 Baths
- 2,669 Sq Ft
2160 Partridge Dr, Franklin, IN 46131

Seller is offering a rate buydown! Welcome to the 2,669 sq. ft. Whitley plan by Dunnhaven Homes! This 2-story haven offers spacious living with thoughtful design. Home features 4 bedrooms, 2.5 baths, an open-concept main floor with a dedicated home office, cozy family room and gourmet kitchen with large island, walk-in pantry, and elegant finishes. Upstairs, the luxurious primary suite provides a

Marie Edwards HMS Real Estate, LLC

2160 Partridge Dr, Franklin, IN 46131
/28
$400,900 New Construction
- 4 Beds
- 3 Baths
- 2,278 Sq Ft
1099 Winterfield Blvd, Franklin, IN 46131

You're going to want to see this stunning ranch with a covered porch in person. Placed in our beautiful new Franklin community, the Cortland offers a spacious 2,278 square foot design featuring 4 bedrooms, 3 baths and a 3 car garage. This open concept floorplan showcases a large great room that flows seamlessly into the kitchen and dining space. The kitchen offers a center island with quartz

D.R. Horton Builder

1099 Winterfield Blvd, Franklin, IN 46131
/58
$475,000
- 8 Beds
- 4 Baths
- 4,944 Sq Ft
1664 Woodside Cir, Franklin, IN 46131

Who's been searching high and low for that unicorn listing? Today is your lucky day-it's here and it's spectacular! This spacious home offers eight bedrooms, an open floor plan, an updated kitchen, a fully finished basement, and a loft with endless possibilities. Step into the inviting entryway, enhanced with stylish board and batten, leading directly to the expansive kitchen and great room. The

Sarah Lux CENTURY 21 Scheetz

1664 Woodside Cir, Franklin, IN 46131
/53
$459,900
- 3 Beds
- 3 Baths
- 3,285 Sq Ft
322 Samuel Dr, Whiteland, IN 46184

Welcome to 322 Samuel Dr., located in the premiere neighborhood of Park Forest in Whiteland, Indiana. This Single-Family residence in Johnson County is an attractive property in Great Condition with many Upgrades, including New Carpet upstairs in 2025, New Windows and Exterior Paint in 2024, Pool Liner in 2021, Water Heater in 2021, Roof in 2019, Granite Countertops in the Kitchen and Hardwood

Douglas Alvey RE/MAX Advanced Realty

322 Samuel Dr, Whiteland, IN 46184

Indiana Johnson County Franklin

Home Trends in Franklin, IN

On average, homes in Franklin, IN sell after 37 days on the market compared to the national average of 53 days. The median sale price for homes in Franklin, IN over the last 12 months is $305,000, up 9% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$305,000

Median Single Family Sale Price

$317,900

Median Townhouse Sale Price

$216,500

Median 2 Bedroom Sale Price

$225,000

Average Price Per Sq Ft

$169

Number of Homes for Sale

112

Last 12 months Home Sales

495

Months of Supply

2.70

Median List Price

$326,995

Median Change From 1st List Price

Median Home Sale Price YoY Change

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 18 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

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