Franklin Homes under $400,000

Franklin Homes under $400,000

Welcome to Franklin, Indiana, a charming city that perfectly blends small-town warmth with modern conveniences. Nestled just 20 miles south of Indianapolis, Franklin boasts a rich history, vibrant community, and an array of recreational opportunities that make it an ideal place to call home. Known for its picturesque downtown area, complete with quaint shops, delightful eateries, and beautiful parks, Franklin invites residents and visitors alike to explore its welcoming atmosphere.

For those seeking affordable housing options, Franklin is a treasure trove of homes priced under $400,000. This makes it an attractive choice for first-time homebuyers, families, and anyone looking to enjoy the benefits of homeownership without breaking the bank. The real estate market here offers a diverse selection of properties, from charming historic homes with character to modern new builds that cater to contemporary tastes.

Families will appreciate the excellent public schools and community programs that foster a strong sense of belonging. Outdoor enthusiasts can take advantage of the many parks and trails, perfect for hiking, biking, and enjoying nature's beauty. Franklin is also home to various cultural events and festivals throughout the year, ensuring there’s always something exciting happening in the community.

With its affordable housing options, friendly neighborhoods, and a strong sense of community, Franklin, Indiana, is not just a place to live; it’s a place to thrive. Come discover the charm of Franklin and find your dream home today!

Newest Franklin Homes under $400,000

1598 Thornburg Lane, Franklin
$369,900
3 Beds ⋅ 3 Baths
Located in Jefferson Meadows with, this stunning home offers a great combination of comfort, updates, and convenience. A few updates within the last year include new white paint throughout, new carpet in all three upstairs bedrooms, a stair runner, new hardwood flooring on the upstairs landing, an epoxy-coated garage floor, and a new refrigerator and dishwasher. The recent 3-seasons sun room addition also adds an extra 182 sq ft of extended space to enjoy just off the breakfast room. The home offers a comfortable layout with three upstairs bedrooms, a stunning open kitchen to great room setup with the warm fireplace as the focal point. Fresh paint and gorgeous flooring throughout give it a clean, move-in-ready feel. Just minutes from everything Franklin has to offer, you'll be close to locally owned restaurants and shops, the Historic Artcraft Theatre, 10 Pins, the Franklin Aquatic Center, and Young's Creek Park and Amphitheater. With community favorites like First Fridays, the Farmers Market, the Firecracker Festival, and the Franklin Holiday Lighting and Winter Market, there's always something happening. Add in the convenience of the location and no HOA, and this is a great opportunity to call Franklin home.

1598 Thornburg Lane, Franklin

Listing courtesy of Highgarden Real Estate.

942 Ram Drive, Franklin
$355,000
4 Beds ⋅ 3 Baths
942 Ram Dr in Franklin has approximately 2,909 square feet, four bedrooms, and two and a half bathrooms. Built in 2020, the two-story home has a kitchen with a large island, pantry, and stainless steel appliances. Connected dining and living areas include a fireplace anchoring the main living space. A separate front office has built-in shelving and glass-paneled doors. Upstairs, the primary suite has walk-in storage and a bathroom with dual sinks, a tub, and a separate shower. An additional upstairs living area expands the layout. The rear deck and yard provide outdoor space, and an attached garage adds storage. Included 100-Day Home Warranty with buyer activation

942 Ram Drive, Franklin

Listing courtesy of Opendoor Brokerage LLC.

130 Brookside Court, Franklin
$250,000
3 Beds ⋅ 2 Baths
This spacious 3-bedroom, 2-bath brick ranch offers comfortable one-level living with plenty of space both inside and out. The home features a generous living room, a large family room with vaulted ceilings and decorative wood beams, and a well-appointed kitchen with abundant cabinetry and counter space. A dedicated laundry area adds convenience. One of the standout features is the expansive screened-in porch overlooking the beautiful backyard. The large fenced yard offers mature trees, established landscaping, garden space, and plenty of room for outdoor activities, pets, and entertaining. A patio just off the screened porch provides additional outdoor living space. Two detached storage sheds. The attached two-car garage provides additional convenience and storage. With its all-brick exterior, spacious living areas, large fenced yard, impressive screened-in porch, two storage sheds, and desirable Franklin location, this home offers a wonderful opportunity to make it your own. Schedule your showing today!

130 Brookside Court, Franklin

Listing courtesy of Keller Williams Indy Metro Partners.

1615 Younce Street, Franklin
$275,000
3 Beds ⋅ 1 Baths
Spacious Corner-Lot Home with Excellent Garage & Storage! This 3-bedroom, 1-full-bath home offers 1,225 sq. ft. of comfortable living space plus two additional rooms. One room is ideal for an office, playroom, or hobby space, while the other could potentially serve as an additional bedroom, providing flexible living options. Situated on a corner lot and not in a flood zone, this home offers plenty of space and functionality. The impressive 24' x 30' garage features a gas furnace and provides approximately 2.5-car capacity, while the additional carport offers even more parking. A 12' x 24' mini barn with electricity provides excellent storage or workshop space. Additional features include a vinyl exterior, gas heat, electric stove, reverse osmosis drinking water system, and a gas tankless water heater and water softener, both approximately 5 years old. The roof is approximately 1.5 years old. With abundant parking, storage, and flexible living space, this property is ready to welcome its next owner!

1615 Younce Street, Franklin

Listing courtesy of Keller Williams Indy Metro Partners.

1110 Foxtail Drive, Franklin
$374,900
4 Beds ⋅ 3 Baths
Beautiful 4-bedroom, 2.5-bath home offering over 2,500 sq. ft. of living space, ideally situated on a cul-de-sac in the popular Windstar subdivision. A welcoming covered front porch leads into the spacious main level featuring a living room, dining room, kitchen with center island and eat-in area, family room, and half bath. The second floor offers a generous primary suite with double sinks, soaking tub, separate shower, and his-and-her walk-in closets, along with three additional bedrooms, a full bath, and convenient laundry room. Enjoy the outdoors from the oversized TREX deck overlooking the fenced backyard with mini barn-perfect for entertaining or relaxing. New flooring and solar panels add to the home's appeal, helping provide a very favorable electric bill. All appliances, including washer and dryer, are included. Fantastic location within walking distance to downtown Franklin, with nearby walking paths, shopping, restaurants, and easy access to I-65. Don't miss this opportunity!

1110 Foxtail Drive, Franklin

Listing courtesy of CENTURY 21 Scheetz.

101 Robinson Street, Franklin
$240,000
2 Beds ⋅ 1 Baths
Welcome home to this charming mid-century gem, in the heart of Franklin! The picture-perfect front porch sets the tone right away. It's an inviting spot for relaxing evenings, welcoming guests, and even receiving packages. Inside, you'll find a beautifully maintained home with fresh paint throughout, newer vinyl plank flooring in most rooms, and brand new carpet in the hall and primary bedroom. The living room opens into the dining room, and beyond that is the kitchen, which also gives access to the basement. At the back, a charming sitting room offers extra living space, plenty of windows, and easy access to both the primary bedroom and the backyard patio, perfect for everyday living or entertaining. The kitchen comes fully equipped with all appliances included, among them a large stainless steel French door refrigerator, and a stylish tile backsplash adds a custom touch. The bathroom has been beautifully remodeled by the current owner. The bedrooms are generously sized and offer comfortable, private space. The full basement houses the mechanicals and the washer and dryer, and offers excellent storage and peace of mind when storms roll in. Outside, the large garage includes a dedicated workshop area, ideal for hobbies or extra storage, and alley access makes coming and going easy. Necessary tree work has been completed, and a brand new privacy fence has been installed, so the big back yard is ready to enjoy. Exceptionally well cared for and truly move-in ready, this solid home combines character, thoughtful updates, and a great location at a very affordable price.

101 Robinson Street, Franklin

Listing courtesy of RE/MAX Allstars.

4144 Beechwood Court, Franklin
$264,900
4 Beds ⋅ 2 Baths
Welcome to this well-maintained 4-bedroom, 2-full-bath home in the well-established Knollwood Farms neighborhood! The seller has taken great care of this home and added numerous updates throughout, including LVP flooring, wainscoting wall paneling, neutral gray paint, stylish barn doors, and a butcher block center island in the kitchen. The kitchen also features stainless steel appliances, making it both functional and inviting. A 2-car attached garage provides plenty of convenience and storage. Out back, you'll find the best part: an above-ground pool and shed, creating the perfect space for entertaining, relaxing, and enjoying those warm summer days. This one is ready for its next owner to call home!

4144 Beechwood Court, Franklin

Listing courtesy of JF Property Group.

1320 Swan Drive, Franklin
$225,000
2 Beds ⋅ 2 Baths
Welcome to 1320 Swan Drive located in Whispering Ponds, one of Franklin's most popular 55+ communities! This well maintained home features 2 bedrooms, 1.5 baths, and 1,126 square feet of living space. The primary bedroom includes a full en suite bathroom and walk in closet. Enjoy the outdoors in any weather in the fully enclosed sun room with new flooring. For nicer days, relax on the side patio, or covered front porch. Experience low maintenance living, with lawncare and snow removal included in HOA fees. The community also features a clubhouse available to rent for larger gatherings. Conveniently located near shopping, dining, medical facilities and entertainment options. Clean and move in ready, this one is a must see!

1320 Swan Drive, Franklin

Listing courtesy of Modern Realty Group Inc.

350 W King Street, Franklin
$400,000
4 Beds ⋅ 3 Baths
Historic Charm Meets Modern Comfort in the Heart of Franklin! Timeless character, thoughtful updates, and an unbeatable location come together in this beautiful historic home built in 1876! Offering 4 bedrooms, 2.5 bathrooms, and versatile living spaces designed for today's lifestyle, this home is filled with charm from the inviting covered front porch to the gorgeous hardwood floors and abundant natural light. Step inside to discover a spacious, flowing floor plan featuring an open concept living room that provides plenty of space to entertain or relax. The updated kitchen impresses with granite countertops, beautiful cabinetry, a breakfast bar, and an open connection to the living area. A main level primary suite and additional bedroom allow for flexible living space that offers possibilities for a home office or guest accommodations. Upstairs, you'll find two generously sized bedrooms filled with natural light. The charm continues outdoors! Enjoy a fully fenced backyard with mini barn, and plenty of room for entertaining, gardening, and summer gatherings. Sip your morning coffee on the covered front porch or enjoy Franklin's beloved downtown parades right from home! Located just minutes from vibrant downtown Franklin, you'll appreciate convenient access to locally owned shops, restaurants, entertainment, and community events. With historic character, modern conveniences, generous living spaces, and an exceptional location, this is more than just a house, it's an opportunity to experience everything that makes Franklin living so special!

350 W King Street, Franklin

Listing courtesy of BluPrint Real Estate Group.

3855 Branch Circle, Franklin
$358,990
3 Beds ⋅ 2 Baths
The Venture Collection offers the new single-family homes coming soon to the Kingsbridge masterplan in Franklin, IN. Onsite amenities include a park for leisurely fun and multi-use trails to get in a daily walk, jog or run. The peaceful city of Franklin features a vibrant downtown with numerous shops, restaurants and cultural venues, along with recreation-packed parks that are a favorite for all ages. Spend the day playing on the playground at Blue Heron Park or bring the kids to the splash pad at Youngs Creek Park. Enjoy free summer events at DriveHubler Amphitheater, ranging from live concerts to Saturday farmers' markets. Enjoy single level living with this amazing open concept ranch home. Then enter into the large great room with abundant windows which opens to the central kitchen island with breakfast bar seating. The kitchen features 42" high upper cabinetry and ample storage. Be greeted by the family foyer entry from garage with locker style built-ins for organizational ease. One of the highlights of this plan is the integrated covered rear porch, great for relaxing day or night. Finally, retreat away to the spacious owner's suite with dual vanity sink, fiberglass shower with glass door, and private water closet. A 3 car garage adds extra storage. The Ashbury is a must see. *Photos/Tour of model may show features not selected in home.

3855 Branch Circle, Franklin

Listing courtesy of Compass Indiana, LLC.

4017 Willow Court, Franklin
$239,900
3 Beds ⋅ 2 Baths
The home you've been waiting for in Franklin, IN - No HOA! You'll love being just moments to Franklin, Bargersville, Greenwood and more. Neighborhood also connects to the new Lennar neighborhood featuring a playground, dog park and walking trails. And here are the things that matter: 3 bedrooms, 2 full and recently updated bathrooms (2025 and 2026) | Roof and gutters (2025 - with warranty) | Primary bedroom with new walk-in closet (2026) | Updated kitchen including new cabinetry, pantry, quartz countertop, backsplash and single-basin quartz sink (2023) | New LG THinQ Line kitchen appliances (2023) | Extended patio and fencing at fully-fenced backyard (2024) | HVAC (2019) | Luxury vinyl plank flooring throughout the home. | What stays: All appliances including washer, dryer; shed; cameras; vintage storage cabinet in kitchen may also stay. Don't miss this turn-key home at an incredible value!

4017 Willow Court, Franklin

Listing courtesy of Maywright Property Co..

1204 Orchard Lane, Franklin
$250,000
4 Beds ⋅ 2 Baths
Welcome to 1204 Orchard Lane in Franklin! This spacious 4-bedroom, 1.5 bath home offers a great combination of location, updates, and outdoor space.Situated on a quiet dead-end street, the home features a fenced in backyard, perfect for relaxing, entertaining, and pets. Major updates include new windows, siding, gutters, soffits, a new water heater, updated PEX plumbing and much more. Located within walking distance of Franklin College and the vibrant downtown Franklin, you'll have easy access to local restaurants, shops, parks, and everything the charming town has to offer. With four bedrooms, numerous updates and a fantastic location, 1204 Orchard Lane is ready for the next owner!

1204 Orchard Lane, Franklin

Listing courtesy of United Real Estate Indpls.

Start Your Search

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative