Franklin Homes for Sale

/54
$510,000
- 5 Beds
- 3 Baths
- 3,076 Sq Ft
5611 Highway 11, Elizabeth, IN 47117

Interest rates just dropped!!! The existing mortgage is assumable at a 2.5% INTEREST RATE — a rare and powerful opportunity for qualified buyers! —But that's not all! A HOME WARRANTY is included! This stunning custom-built log home sits on 2.91 private acres in Floyd County with park-like, wooded scenic views front and back. 5 BR,3 BA, and over 3,076 sq ft. The main level features a huge great

Sharon Handy

Real Estate Go To

(812) 616-4529

5611 Highway 11, Elizabeth, IN 47117
Explore Franklin
/78
$540,000
- 3 Beds
- 3 Baths
- 2,682 Sq Ft
6425 W McCarthy Knob Rd, Lanesville, IN 47136

First time ever offered on the market, this stunning custom-built home sitting on over 10 breathtaking acres delivers the kind of views you truly have to see to believe. Thoughtfully designed with luxury, comfort, and functionality in mind, this 3-bedroom home features two spacious main suites, 2.5 bathrooms, and a finished basement offering additional living and entertaining space. Inside,

Christina McKim

Green Tree Real Estate Services

(812) 575-4836

6425 W McCarthy Knob Rd, Lanesville, IN 47136
/78
$549,900

Open Sun 2PM - 4PM
- 3 Beds
- 3 Baths
- 3,313 Sq Ft
6742 Seven Mile Ln, Elizabeth, IN 47117

"Step into history with the Gabrilla Farnsley Home, a magnificent 1856 French Colonial masterpiece nestled on 4.73 private acres in Floyd County. This rare, fully remodeled 3-bedroom, 2.5-bath estate seamlessly blends 19th-century charm with modern luxury — from the high-end main bath finishes to three gas fireplaces that anchor the home's timeless character. Original hardwood floors may lie

Teresa Moody simpler.realestate

6742 Seven Mile Ln, Elizabeth, IN 47117
/79
$949,000
- 3 Beds
- 3.5 Baths
- 3,709 Sq Ft
3257 Lands End, New Albany, IN 47150

25 Acres. One Skyline. Zero Compromises. Some views are features. This one is a reason to move. Perched atop 25 wooded acres in Floyd County, this modern contemporary is privately accessed by a dedicated drive and positioned to deliver panoramic views of the Louisville skyline from nearly every room in the house ,including the soaking tub. The great room announces itself immediately: a wall of

Brad Curry simpler.realestate

3257 Lands End, New Albany, IN 47150
/47
$479,900

New Construction Open Sun 2PM - 4PM
- 4 Beds
- 3 Baths
- 2,517 Sq Ft
7035 Oaken Ln Unit 235, Lanesville, IN 47136

Schuler Homes is offering a $7,500 BUYER INCENTIVE for this Move-in Ready brand new home backing up to a 9 acre common area in Floyd County! You can use the $7,500 towards any allowable closing costs, a refrigerator allowance, and/or an interest rate buy down! This NEW ACCORD Plan features 4-bedrooms, 3-bath, 3 car garage with over 2,500 sq. ft. offering an open floor plan, split bedrooms,

Jesse Niehaus Schuler Bauer Real Estate Services ERA Powered (N

7035 Oaken Ln Unit 235, Lanesville, IN 47136
/4
$299,900
- Land
- 8.8 Acres
- $34,080 per Acre
2190 Two Mile Ln, New Albany, IN 47150

Experience peaceful country living with this beautiful 8.8+/- acre parcel in Floyd County. Offering a private setting with plenty of open space, this property provides the perfect opportunity to build your dream home, create a recreational retreat, or invest in land with endless potential. Enjoy the quiet surroundings while still having convenient access to local amenities, schools, and nearby

Stephannie Wilson NextHome Wilson Real Estate

2190 Two Mile Ln, New Albany, IN 47150
/9
$99,900
- 1 Bed
- 1.5 Baths
5456 State Road 111, New Albany, IN 47150

Looking for River front property? This is it! 1.52 Acres with small apartment for weekend get away. Storage building. Property needs TLC. Seller welcomes inspections but will not do any repairs. Property being sold "As Is". Property classified as AE Floodway. Please attach the "AS IS" addendum with purchase agreement. Call for your showing today.

Mary Finkle Mainstreet REALTORS

5456 State Road 111, New Albany, IN 47150
/31
$449,900

New Construction Open Sun 2PM - 4PM
- 4 Beds
- 3 Baths
- 2,315 Sq Ft
7039 Oaken Ln Unit 233, Lanesville, IN 47136

Schuler Built Homes is offering a $5,000 incentive towards your closing costs, interest rate buydown, or a refrigerator allowance- YOUR CHOICE. The desirable INDEPENDENCE floor plan on lot 233 in POPLAR WOODS is move-in ready! This one checks a lot of boxes and offers a great backyard that backs up to a 9 ACRE common area! Hard to find new construction in Floyd County with spacious yards and not

Jesse Niehaus Schuler Bauer Real Estate Services ERA Powered (N

7039 Oaken Ln Unit 233, Lanesville, IN 47136

Indiana Floyd County New Albany Franklin

Why Live in Franklin

Franklin, located on the outskirts of New Albany, Indiana, offers a rural atmosphere with a mix of new constructions and older homes, including bungalows, ranch-styles, and Colonial Revival designs. The neighborhood is characterized by its expansive farmland, wooded hills, and river views, providing residents with a sense of privacy and natural beauty. Planned communities like Poplar Wood feature large traditional and Classical Revival estates. Franklin is just 9 miles from Louisville, making it convenient for accessing city amenities. Students attend highly rated schools such as Scribner Middle and New Albany High, known for its award-winning theater program. Shopping and dining options are plentiful, with nearby Georgetown offering spots like Village House Coffee and 812 Pizza, while Downtown New Albany features independent restaurants like Dragon King’s Daughter and The Exchange Pub and Kitchen. Outdoor enthusiasts can enjoy the Campbell-Woodland Nature Trails, Falls of the Ohio State Park, and Garry E. Cavan Park. The Sporting Club at the Farm provides recreational activities such as archery and skeet shooting. Annual events like the Harvest Homecoming Festival and entertainment at Caesars Southern Indiana Hotel and Casino add to the local charm. Despite its rural setting, Franklin is well-connected via major highways, with New Albany just over 6 miles away and Downtown Louisville about 11 miles away. The area has a lower crime rate compared to the national average, contributing to its appeal for potential homebuyers.

Learn more about living in Franklin

Frequently Asked Questions

Is Franklin a good place to live?

Franklin is a good place to live. Franklin is considered very car-dependent and somewhat bikeable. Franklin is a neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. Franklin has 5 parks for recreational activities. It has a median age of 47. The average household income is $95,367 which is below the national average. College graduates make up 25% of residents. A majority of residents in Franklin are home owners, with 10.8% of residents renting and 89.2% of residents owning their home. A local real estate agent serving Franklin can help you decide if this neighborhood is the right one for you. Learn more on our Franklin neighborhood guide.

Is Franklin, IN a safe neighborhood?

Franklin, IN is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.

How much do you need to make to afford a house in Franklin?

The median home price in Franklin is $419,900. If you put a 20% down payment of $84,000 and had a 30-year fixed mortgage with an interest rate of 6.37%, your estimated principal and interest payment would be $2,090 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $90K a year to afford the median home price in Franklin. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Franklin is $95K.

What are the best public schools in Franklin?

The best public schools that serve Franklin are:

Floyd Central High School has an A- Niche grade, a student teacher ratio of 21:1 and an average review score of 4.0.
Highland Hills Middle School has an A- Niche grade, a student teacher ratio of 19:1 and an average review score of 2.9.
Georgetown Elementary School has an A- Niche grade and a student teacher ratio of 18:1.

What are the best private schools in Franklin?

The best private schools that serve Franklin are:

Saint John's Lutheran School has a student teacher ratio of 12:1.

What are the most popular zip codes in Franklin, New Albany, IN?

The most popular zip codes in Franklin, New Albany, IN include 47136, 47150, 47117, 40216 and 47122.

What are the most popular neighborhoods near Franklin, New Albany, IN?

The most popular neighborhoods near Franklin, New Albany, IN are Riverside Gardens, Saint Denis, Chickasaw, Pleasure Ridge Park and Park Duvalle.

Are home prices dropping in Franklin?

Yes, home prices in Franklin are down 18% in the last 12 months.

Home Trends in Franklin, IN

On average, homes in Franklin, New Albany sell after 37 days on the market compared to the national average of 58 days. The median sale price for homes in Franklin, New Albany over the last 12 months is $320,000, down 23% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$320,000

Median Single Family Sale Price

$338,900

Average Price Per Sq Ft

$176

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

4.40

Median List Price

$419,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

-23%

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

Franklin Types of Homes for Sale

Franklin Single Family Homes for Sale

More About Living in Franklin

Homes for Sale in Nearby Neighborhoods

Homes for Sale in Nearby Cities

Homes for Sale in Nearby Counties

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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