Franklin, KY Homes for Sale under $200,000

/19
$144,900
- 2 Beds
- 1 Bath
- 1,257 Sq Ft
501 E Madison St, Franklin, KY 42134

This charming home is rich with character and timeless appeal. Imagine the stories these walls hold. 1875 circa according to tax records. Offering 2 bedrooms and 1 bath and sits on a large level lot with space to enjoy outdoor living, gardening, etc. The detached building provides additional storage or flexible use. Recent updates include newer windows and a newer water heater. A rare opportunity

Jeff Wilkerson

EXIT Realty Garden Gate Team

(270) 341-9387

501 E Madison St, Franklin, KY 42134
Explore Franklin
/19
$199,850
- 3 Beds
- 1.5 Baths
- 1,050 Sq Ft
506 Millwood Dr, Franklin, KY 42134

Charming 3-Bedroom Home Near Simpson Elementary! This well-maintained 3-bedroom, 1.5-bath home offers approximately 1,050 sq ft of comfortable living space and numerous recent updates. Improvements include brand-new flooring throughout, a new HVAC system, new windows, a new water heater, fresh exterior pressure washing, and new screens on the back porch—perfect for enjoying the outdoors

Suzanne Allen

Crye-Leike Executive Realty

(270) 713-1683

506 Millwood Dr, Franklin, KY 42134
/28
$189,900
- 3 Beds
- 1 Bath
- 1,248 Sq Ft
401 N High St, Franklin, KY 42134

Teresa Perkins

Coldwell Banker, The Advantage REALTOR Group

(270) 638-9059

401 N High St, Franklin, KY 42134
/12
$170,000
- 2 Beds
- 1 Bath
- 864 Sq Ft
1324 Salmons Blackjack Rd, Franklin, KY 42134

Beautiful country setting, over 1 acre, enjoy the sunrise and sunset on the wrap around deck. This 2-bedroom, 1 bath offers great investment potential. Already has a tenant.

Teresa Perkins

Coldwell Banker, The Advantage REALTOR Group

(270) 201-7075

1324 Salmons Blackjack Rd, Franklin, KY 42134
/7
$129,900
- 4 Beds
- 2 Baths
- 1,728 Sq Ft
827 W Madison St, Franklin, KY 42134

4 Bedroom 2 Bath home needs TLC, all information advertised to be verified by showing agent or potential buyer- selling as is-

Sandy Mills Mills Real Estate & Auction

827 W Madison St, Franklin, KY 42134
/12
$180,000
- 3 Beds
- 1 Bath
- 1,380 Sq Ft
500 N High St, Franklin, KY 42134

House is in the middle of renovations that have been halted. Great opportunity to come and create and make this property your own. Back yard fenced with deep corner lot that backs to alley with in walking/biking distance to Franklin Square. Convenient to much!!

Luke Williams Keller Williams First Choice Realty

500 N High St, Franklin, KY 42134
/10
$199,900
- 4 Beds
- 2 Baths
- 1,383 Sq Ft
628 Jefferson St, Franklin, KY 42134

Beautiful home, fully remodeled. featured 4 bedrooms and 2 bath. Great location. Owner is real estate agent. Call to schedule a tour.

Abdel Kaiaa EXP Realty, LLC

628 Jefferson St, Franklin, KY 42134
/3
$120,000
- 4 Beds
- 1 Bath
- 1,960 Sq Ft
805 E Cedar St, Franklin, KY 42134

This 4-bedroom, 1-bath home offers great potential for investors or those looking to add their personal touch. The home features a covered front porch, original cabinetry, and a functional layout ready for updates. Conveniently located near local amenities, schools, and downtown Franklin. Property is being sold AS-IS. Seller will make no repairs. Inspections are welcome for informational purposes

Katherine Tucker Keller Williams First Choice R

805 E Cedar St, Franklin, KY 42134
/17
$135,000
- Land
- 3.14 Acres
- $42,994 per Acre
0 Macedonia Rd Unit RA20261522, Franklin, KY 42134

Small piece of heaven close to all amenities. This 3-acre property is within minutes of everything-- schools, hospitals, convenient to the interstate and all of your shopping needs. Water and electricity available.

Nichole Mann CB/The Advantage Realtor Group

0 Macedonia Rd Unit RA20261522, Franklin, KY 42134
/39
$169,900
- 2 Beds
- 1 Bath
- 1,000 Sq Ft
504 Jefferson St, Franklin, KY 42134

Beautifully updated home...move in ready! Partially fenced backyard features a large deck off back of home. Roof was replaced in May 2023.

Alison Stacey Bluegrass Realty & Property Management, Inc.

504 Jefferson St, Franklin, KY 42134
/32
$189,900
- 3 Beds
- 1 Bath
- 943 Sq Ft
625 Brevard St, Franklin, KY 42134

Completely refreshed and move-in ready, this charming Franklin home has the perfect cozy cottage character with modern finishes. Have peace of mind knowing recent updates include new roof, HVAC windows & more! Step inside to find a bright, open layout featuring original hardwood and new tile flooring, fresh paint, and a beautifully updated kitchen with new cabinetry, quartz countertops, and

Britney Pryor BHG Realty

625 Brevard St, Franklin, KY 42134
/22
$185,000
- 2 Beds
- 1 Bath
- 887 Sq Ft
417 Morris St, Franklin, KY 42134

Welcome to this adorable 2 bedroom 1 bath home! Updated throughout the inside featuring an open concept kitchen and living area, large island and new appliances. Roof is also less than 3 years old! This could make the perfect home for a first-time buyer or an investment property

Morgan Robertson Coldwell Banker Legacy Group

417 Morris St, Franklin, KY 42134
/22
$179,900
- 3 Beds
- 1 Bath
- 1,288 Sq Ft
319 Montague St, Franklin, KY 42134

Remodeled home in Franklin!! This home has been completely updated!! Updates include all new flooring, fresh paint, brand new kitchen appliances and cabinets, all new bathroom, updated plumbing, new ductless mini splits, and new fixtures! This home has two bedrooms downstairs with a third bedroom or large bonus upstairs. The upstairs has incredible closet storage and attic storage as well. The

Tony Huynh Keller Williams First Choice R

319 Montague St, Franklin, KY 42134
/4
$144,900
- Land
- 10.02 Acres
- $14,461 per Acre
Tract 2 Kinnard Rd, Franklin, KY 42134

Mini farm available in Simpson County! This property, featuring 10.02 acres of rolling Kentucky farmland along Kinnard Road, is a prime opportunity for aspiring homesteaders or hobby farmers. Peaceful country setting in a convenient location just minutes from town. County water available, and electricity available near property. Call today for more information!

Jack Wade CB/The Advantage Realtor Group

Tract 2 Kinnard Rd, Franklin, KY 42134
/4
$119,900
916 W Madison St, Franklin, KY 42134

Excellent multi-family building lot. Just off the square in Franklin, KY. This lot is surrounded by multi family development. This lot splits the R2 and R3 zoning lines. A new survey and plat has been completed by Hester Precision Surveys. Some clearing and dirt work has been completed. Bring your engineer and builder to get started. Call today!

Michael Wilson Mills Real Estate & Auction

916 W Madison St, Franklin, KY 42134
/4
$110,000
- Land
- 1.67 Acres
- $65,868 per Acre
5989 & 5995 Gold City Rd, Franklin, KY 42134

1.67 acres with two water meters and electricity available that are deeded separately. A great location for your dream home or business.

Chad Hunter United Country, Heartland Realty & Auction, LLC

5989 & 5995 Gold City Rd, Franklin, KY 42134
/11
$139,900
- Land
- 4 Acres
- $34,975 per Acre
Tract 1 Vances Mill Rd, Franklin, KY 42134

Rare 4 acre tract in North Simpson County. Ready to build your new home. Just minutes from Franklin, Bowling Green, and I65.

Stacy House Crye-Leike Executive Realty

Tract 1 Vances Mill Rd, Franklin, KY 42134
/11
$139,900
- Land
- 3.9 Acres
- $35,872 per Acre
Tract 2 Vances Mill Rd, Franklin, KY 42134

Rare 4 acre tract in North Simpson County. Ready to build your new home. Just minutes from Franklin, Bowling Green, and I65.

Stacy House Crye-Leike Executive Realty

Tract 2 Vances Mill Rd, Franklin, KY 42134

Kentucky Simpson County Franklin

Home Trends in Franklin, KY

On average, homes in Franklin, KY sell after 80 days on the market compared to the national average of 55 days. The median sale price for homes in Franklin, KY over the last 12 months is $259,445, up 13% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$259,445

Median Single Family Sale Price

$270,000

Median Townhouse Sale Price

$250,000

Average Price Per Sq Ft

$175

Number of Homes for Sale

106

Last 12 months Home Sales

248

Months of Supply

5.10

Median List Price

$274,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

13%

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

In Franklin, you'll find a diverse selection of properties with 18 homes for sale under $200,000, catering to budget-conscious buyers seeking affordable housing solutions. Whether you're a first-time homebuyer in search of a cozy starter home or an investor eyeing a promising opportunity, these affordable homes provide a gateway into the real estate market in Franklin, KY.

Franklin Types of Homes for Sale

Franklin Homes by Price

Franklin Real Estate Listings

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Homes for Sale in Nearby Neighborhoods

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