Franklin, IN Homes for Sale under $500,000

/39
$422,995

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
/34
$401,995

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
/8
$495,000

$65K PRICE DROP
- 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
/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
/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
/60
$455,000

$25K PRICE DROP
- 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 with full basement offers the privacy and style you've been looking for, with an easy commute in any direction thanks to a short drive to the highway or interstate. The kitchen is a true centerpiece

John Pfifer Hemrick Property Group Inc.

3366 S 800 E, Franklin, IN 46131
/29
$450,030

New Construction $5K PRICE DROP
- 6 Beds
- 4.5 Baths
- 3,300 Sq Ft
3750 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

3750 Hanford Rd, 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
/29
$445,816

New Construction $11K PRICE DROP
- 6 Beds
- 4.5 Baths
- 3,300 Sq Ft
1566 Hickory Ln, 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

1566 Hickory Ln, Franklin, IN 46131
/32
$436,995

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
/30
$490,000

$20K PRICE DROP
- 3 Beds
- 2.5 Baths
- 2,768 Sq Ft
245 Fairway Ct, Franklin, IN 46131

Don't miss this incredible opportunity to own a home in the highly sought-after Club Estates neighborhood! Nestled on a spacious .66-acre lot surrounded by mature trees and abundant wildlife, this beautifully maintained 3-bedroom, 2.5-bath home offers the perfect blend of comfort, privacy, and versatility. Located just outside Hillview Golf Course, this property is ideal for both indoor and

Katherine VanDeman Smythe & Co, Inc

245 Fairway Ct, Franklin, IN 46131
/13
$495,000

$65K PRICE DROP
- 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
/55
$416,794

New Construction
- 5 Beds
- 3 Baths
- 2,600 Sq Ft
1121 Jubilee Ln, Franklin, IN 46131

Presenting the Henley floor plan by D.R. Horton, America’s Builder. This expansive 5-bedroom, 3-bathroom residence is masterfully designed to provide space for everyone, blending sophisticated style with the practical needs of a modern, active lifestyle. The main level is defined by its thoughtful versatility. Just off the foyer, a dedicated study offers a quiet sanctuary, perfect for a

D.R. Horton Builder

1121 Jubilee Ln, Franklin, IN 46131
/45
$472,995
- 5 Beds
- 2.5 Baths
- 3,142 Sq Ft
910 Borealis Dr, Franklin, IN 46131

Pride of ownership shines throughout this beautifully maintained 5-bedroom, 2.5 bath home offering over 3,100 sq ft of thoughtfully designed living space. Situated on a gorgeous .31-acre premium lot with no neighbors behind you, this property delivers rare privacy and an exceptional outdoor experience. The heart of the home is the dream kitchen, featuring a large center island, breakfast bar,

Gregory Leugers Keller Williams Indy Metro S

910 Borealis Dr, Franklin, IN 46131
/30
$404,625

New Construction $19K PRICE DROP
- 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
$453,980

New Construction
- 5 Beds
- 3 Baths
- 3,020 Sq Ft
1558 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

1558 Hickory Ln, Franklin, IN 46131
/9
$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
/32
$411,740

New Construction $5K PRICE DROP
- 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
/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
/109
$499,900

$75K PRICE DROP
- 4 Beds
- 2 Baths
- 2,097 Sq Ft
1022 E 600 S, Franklin, IN 46131

Experience a unique blend of 1930s character and versatile outdoor amenities, This stunning residence features a historic brick facade and offers just over 2,000 sq ft of thoughtfully designed living space. Inside, you are greeted by soaring high ceilings in the living room and original hardwood floors that lead into a functional kitchen and dining combo. For the equestrian enthusiast, the estate

Zane Wischmeier eXp Realty LLC

1022 E 600 S, Franklin, IN 46131
/38
$456,750

New Construction $2K PRICE INCREASE
- 5 Beds
- 3.5 Baths
- 3,388 Sq Ft
1078 Jubilee Ln, Franklin, IN 46131

D.R. Horton, proudly known as America’s Builder, invites you to discover the Dayton in the picturesque Winterfield. This architectural marvel spans an impressive 3,388 square feet, boasting five luxurious bedrooms that perfectly blend grandeur with modern living. Step into a world of open-concept elegance, where the expansive great room seamlessly connects to a casual dining area and a

D.R. Horton Builder

1078 Jubilee 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
/30
$417,820

New Construction $8K PRICE DROP
- 5 Beds
- 3 Baths
- 3,054 Sq Ft
1520 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

1520 Pine Cir, Franklin, IN 46131
/86
$409,900
- 6 Beds
- 3.5 Baths
- 3,720 Sq Ft
492 Pelenor Dr, Franklin, IN 46131

If you've been searching for a home that truly has space for everyone-this is the one. Located in the desirable Camelot neighborhood in Franklin with no HOA, this expansive 6-bedroom, 3.5-bath home offers over 3,600 square feet of flexible living designed to fit real life. Whether you need room for extended family, separate work-from-home spaces, or simply want everyone to have their own place to

Kimberlee Peters Kimberlee Peters

492 Pelenor Dr, Franklin, IN 46131
/61
$464,900

$10K PRICE DROP
- 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
/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
/30
$406,380

New Construction $4K PRICE DROP
- 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
/64
$450,500
- 5 Beds
- 3 Baths
- 3,119 Sq Ft
1261 Pegasus Dr, Franklin, IN 46131

Welcome home to this spacious 5-bedroom, 3 full bath home offering over 3,100 square feet of living space in sought-after Franklin! Situated on a scenic pond lot, this home features an ideal layout with a private main-level 5th bedroom and full bath, perfect for guests, multi-generational living, or in-law quarters. Upstairs, you'll find 4 additional bedrooms including an oversized primary suite

Chloe Tudor Carpenter, REALTORS®

1261 Pegasus Dr, Franklin, IN 46131
/21
$450,000

$50K PRICE DROP
- 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
/34
$415,742

New Construction $3K PRICE DROP
- 4 Beds
- 3 Baths
- 2,278 Sq Ft
1086 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

1086 Jubilee Ln, Franklin, IN 46131
/5
$480,000
- Land
- 10.47 Acres
- $45,845 per Acre
0 W 500 Rd N Unit MBR22092862, Whiteland, IN 46184

Ready to build your dream home? This stunning 10 acres estate property offers the perfect blend of privacy, space, and opportunity. Conveniently located between US 31 and SR 135, this rare parcel comes with no HOA- giving you the freedom to create the lifestyle you want. Whether you envision a custom home, pole barn or your private retreat, the possibilities are endless. Enjoy peaceful country

Mandeep Kaur Keller Williams Indy Metro S

0 W 500 Rd N Unit MBR22092862, Whiteland, IN 46184

Indiana Johnson County Franklin

Home Trends in Franklin, IN

On average, homes in Franklin, IN sell after 46 days on the market compared to the national average of 58 days. The median sale price for homes in Franklin, IN over the last 12 months is $320,000, up 10% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$320,000

Median Single Family Sale Price

$331,947

Median Townhouse Sale Price

$223,000

Median 2 Bedroom Sale Price

$320,000

Average Price Per Sq Ft

$169

Number of Homes for Sale

111

Last 12 months Home Sales

538

Months of Supply

2.50

Median List Price

$341,995

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 32 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

More About Living in Franklin

Homes for Sale in Nearby Neighborhoods

Homes for Sale in Nearby Cities

Homes for Sale in Nearby Counties

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