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Franklin Homes for Sale

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  • /6

    $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
  • /26

    $159,900

    $20K PRICE DROP
    • 1 Bed
    • 1 Bath
    • 720 Sq Ft

    3285 Budd Rd, New Albany, IN 47150

    Are you looking for that laid-back country life, while still being close to city amenities? If so, 3285 Budd Rd is calling your name! This cozy and completely renovated 1-BR (with wardrobe), 1-Bath home with new electric, new plumbing, new HVAC, and new roof offers the best of both worlds. The open living space, with new paint and flooring, features a well-laid-out kitchen with plenty of cabinets

    Candace Pierce Jan Scholtz REALTORS®

    3285 Budd Rd, New Albany, IN 47150
  • /20

    $280,000

    • 4 Beds
    • 3 Baths
    • 1,251 Sq Ft

    2615 2 Mile Ln, New Albany, IN 47150

    Nestled on 1.17 wooded acres, this updated 4-bedroom, 3-bath home offers privacy, flexibility, and convenience just minutes from New Albany, Floyds Knobs, Georgetown, and Louisville. The remodeled kitchen features custom cabinetry, stainless steel appliances, and a large center island that opens to the living space. Enjoy peaceful views from the expansive deck overlooking the wooded setting. A

    Deon Reese Polo Real Estate Group LLC

    2615 2 Mile Ln, New Albany, IN 47150
  • /79

    $879,500

    • 4 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
  • /80

    $499,900

    • 3 Beds
    • 2.5 Baths
    • 3,313 Sq Ft

    6742 Seven Mile Ln, Elizabeth, IN 47117

    Step into history with the Gabriel Farnsley Home, a magnificent 1856 French Colonial masterpiece nestled on 4.73 private acres in Floyd County. Located approx. 1 mile from Caesar Southern Indiana. This rare, fully updated 3-bedroom, 2.5-bath seamlessly blends 19th Century charm with modern luxury. From the high-end main bath to 3 fireplaces that anchor the home's timeless character. Original

    Teresa Moody simpler.realestate

    6742 Seven Mile Ln, Elizabeth, IN 47117
  • /47

    $475,000

    New Construction Open Sun 2PM - 4PM $5K PRICE DROP
    • 4 Beds
    • 3 Baths
    • 2,517 Sq Ft

    7035 Oaken Ln Unit 235, Lanesville, IN 47136

    Schuler Homes is offering a $10,000 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 $10,000 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
  • /18

    $214,900

    $15K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 960 Sq Ft

    7420 S Sheffield Ct, Lanesville, IN 47136

    Nicely redone inside and out on this 3 bedroom vinyl siding home that has had many upgrades in the last year: roof, crawl space, paint, dog door, rear privacy fence and blinds to start with. This home is ready for quick possession and qualifies for 100% USDA FINANCING, VA 100%, FHA 3.5% plus all other standard financing options. This home will not last long. Plus the one car garage is a front

    Russ Kruer RE/MAX Plus

    7420 S Sheffield Ct, Lanesville, IN 47136
  • /31

    $439,900

    New Construction Open Sun 2PM - 4PM $10K PRICE DROP
    • 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 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 no more lots

    Jesse Niehaus Schuler Bauer Real Estate Services ERA Powered (N

    7039 Oaken Ln Unit 233, Lanesville, IN 47136
  • /28

    $265,000

    • 3 Beds
    • 1 Bath
    • 1,257 Sq Ft

    7427 Kensington Rd, Lanesville, IN 47136

    Nestled on a secluded 0.80 acre lot in desirable Lanesville, this charming 3 bedroom ranch home offers the perfect blend of privacy, comfort, and modern updates. From the moment you arrive, you'll appreciate the peaceful setting, gently rolling yard, and beautiful countryside views that create a serene place to call home. Step inside to discover luxury vinyl plank flooring flowing throughout the

    Jay Pitts RE/MAX Premier Properties

    7427 Kensington Rd, Lanesville, IN 47136

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.

Franklin Home Prices vs. Nearby New Albany, IN Neighborhoods

Franklin Georgetown Audubon New Albany
Median Home Price
$299,900
$354,450
$300,000
$259,990
Median Sale Price
$329,450
-20% YoY
$362,500
+1% YoY
$285,000
+9% YoY
$249,450
+8% YoY
Median Single Family Price
$305,000
$350,000
$289,000
$250,000
Total Active Listings
13
107
4
192
Market Conditions
6 Months of Supply
Balanced Market
5 Months of Supply
Balanced Market
1 Months of Supply
Seller's Market
3 Months of Supply
Seller's Market

Frequently Asked Questions

Is Franklin a good place to live?
Franklin is a good place to live. Franklin is considered 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 is sparse in population with 1.0 people per acre and 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 11% of residents renting and 89% 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 $299,900. If you put a 20% down payment of $60,000 and had a 30-year fixed mortgage with an interest rate of 6.58%, your estimated principal and interest payment would be $1,530 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $66K 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:
What are the best private schools in Franklin?
The best private schools that serve Franklin are:
What are the most popular zip codes in Franklin, New Albany, IN?
The most popular zip codes in Franklin, New Albany, IN include 47150, 40216, 47136, 47122 and 47117.
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, Park Duvalle and Shawnee.
Are home prices dropping in Franklin?
Yes, home prices in Franklin are down 12% in the last 12 months.
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