Franklin Homes under $300,000

Welcome to Franklin, Indiana—where small-town charm meets vibrant community living! Nestled just 20 miles south of Indianapolis, Franklin boasts a rich history, picturesque landscapes, and a welcoming atmosphere that makes it an ideal place to call home. With its quaint downtown area filled with unique shops, delightful eateries, and beautiful parks, residents enjoy a perfect blend of suburban tranquility and urban convenience.

Franklin is known for its strong sense of community and family-friendly environment. The city is home to top-rated schools, making it a great choice for families looking to settle down. With a variety of local events, festivals, and recreational activities, there’s always something happening in this lively town. Whether you’re exploring the scenic trails, enjoying a day at the Franklin Parks and Recreation, or attending a local farmers market, you’ll quickly discover why so many choose to live here.

For those seeking affordable housing options, Franklin offers a range of homes priced under $300,000. From charming bungalows to modern townhouses, you’ll find the perfect residence to fit your lifestyle and budget. Many of these homes feature spacious yards, open floor plans, and easy access to local amenities, making them ideal for first-time homebuyers, growing families, or anyone looking to downsize without sacrificing quality.

Explore the possibilities in Franklin, where you can enjoy a high quality of life without breaking the bank. Your dream home awaits in this delightful Indiana community!

Newest Franklin Homes under $300,000

$240,000

3 Beds ⋅ 2 Baths

Welcome to 8123 Little River Lane, a meticulously maintained, turn-key 3-bedroom, 2-bath ranch in Franklin Township offering incredible appeal for owner-occupants and investors alike. Situated on a flat .14-acre lot with serene pond views, this 1,146 sq ft gem blends seamless single-level living with outstanding outdoor entertaining in a fully fenced backyard featuring an oversized covered concrete patio and fire pit. Inside, you will find fresh interior paint, brand-new vinyl windows, an open kitchen with 4-year-old appliances flowing into a bright living room anchored by a cozy wood-burning fireplace, and low-maintenance new tile running through the entry, halls, kitchen, laundry, and baths. All bedrooms boast plush new carpet, led by a primary suite with a walk-in closet and an updated en-suite bath. Modern upgrades continue with new lighting, ceiling fans, switches, a brand-new patio door, a brand-new water heater, and a 3-year-old roof, with all appliances included-even the washer and dryer! Set in a quiet neighborhood within walking distance of Franklin Central High School, you are moments from Edgewood Intermediate, Southeastway Park, and vibrant retail hubs along Southport Rd and Emerson Ave, with fast I-74 and I-465 access to downtown Indianapolis and Greenwood. Move-in perfection meets an unbeatable location-schedule your tour today!

8123 Little River Lane, Indianapolis

Listing courtesy of Peter Stewart. Keller Williams Indpls Metro N

$209,900

4 Beds ⋅ 2 Baths

Charming 4-Bedroom Home with Room to Make It Your Own! Welcome to this inviting 4-bedroom, 2-bath home offering 1,548 square feet of living space and plenty of possibilities! The primary bathroom has been recently updated, and the spacious living areas provide room to relax, entertain, and make memories. With four bedrooms, there's flexibility for guests, a home office, or hobbies. Enjoy the outdoor space, mature trees, and room to create your own backyard retreat. Whether you're looking for extra space or an opportunity to add your personal touch, this home is full of potential. Come see the possibilities and imagine making it yours!

1811 N Main Street, Franklin

Listing courtesy of Karen Nowacki. Keller Williams Indy Metro Partners

$259,900

3 Beds ⋅ 2 Baths

WOW Amazing home in Downtown Franklin walking distance to everything! This awesome historic home has been totally refreshed to meet modern living. The home features beautiful refinished original hardwood floors, new bathroom fixtures, a remodeled kitchen, and so much more! Don't forget the HUGE fenced backyard and two car garage with an additional side parking spot which is really rare this close to Downtown Franklin. You won't want to miss this one it won't last long!

163 W King Street, Franklin

Listing courtesy of Stewart Duhamell. RE/MAX Advanced Realty

$285,000

3 Beds ⋅ 2 Baths

Welcome home to this beautiful 3-bedroom, 2-bath ranch in Franklin Township, featuring a dedicated home office, spacious living areas, and thoughtful updates throughout! This home offers an inviting floor plan with generously sized rooms, vaulted ceilings, and newer vinyl flooring. The spacious great room features vaulted ceilings, abundant natural light, and an open layout that flows seamlessly into the dining area and kitchen, creating the perfect space for everyday living and entertaining. The attractive kitchen features updated countertops, stylish tile backsplash, stainless steel appliances, abundant white cabinetry, and a large breakfast bar offering additional seating and counter space. The adjoining breakfast area provides plenty of room for gathering with family and friends. The primary bedroom offers a comfortable retreat with a private bathroom featuring a step-in shower, ceramic tile flooring, a new vanity, and mirror, while two additional bedrooms provide flexibility for family or guests. The second full bathroom also features ceramic tile flooring, a new vanity, and mirror. A separate home office offers the perfect space for working remotely, studying, or pursuing hobbies. Step outside to enjoy the large deck overlooking the spacious, fully fenced backyard, offering plenty of room for outdoor entertaining. Mature trees provide a lovely backdrop, while a mini barn adds convenient storage for lawn equipment and outdoor essentials. The finished 2-car garage includes an additional storage room, providing even more space to stay organized. Tucked away at the end of the street on a cul-de-sac, this home enjoys a wonderful setting with plenty of outdoor space to enjoy. Conveniently located in Franklin Township near shopping, dining, parks, and everyday amenities, approximately 15 minutes to Greenwood Park Mall and 20 minutes to downtown Indianapolis.

6241 Whitaker Farms Drive, Indianapolis

Listing courtesy of David C Brenton. DAVID BRENTON'S TEAM

$279,900

3 Beds ⋅ 2 Baths

Set on a half-acre corner lot in Franklin Township, this brick ranch delivers easy one-level living with room to spread out inside and out. The home offers 3 bedrooms, 2 full baths, and 1,768 sq ft, with new carpet and a newer furnace, central air, and water heater. The family room centers on a brick gas fireplace with beamed ceiling, crown molding, and direct access to the back patio. The eat-in kitchen features maple cabinetry, new flooring, and stainless appliances. A home office plus an adjoining room with a full wall of built-in storage adds flexible space for work, hobbies, or guests. Garage space is a standout: an oversized 2-car garage plus a separate 1-car garage, each with its own driveway. Outside, enjoy a covered front porch, fully fenced backyard, large patio, fire pit, and storage shed. No HOA. Franklin Township Schools with convenient access to I-465, shopping, and dining.

5817 S Franklin Road, Indianapolis

Listing courtesy of Jimmy Perry. Ever Real Estate, LLC

$264,900

3 Beds ⋅ 2 Baths

Excellently maintained brick ranch style home with 3 bedrooms 2 bathrooms in the Southport area. Spacious kitchen. One-half acre lot completely fenced for children to safely play. Large deck on the back of the home great for entertaining or relaxing at the end of the day. Close to shopping and entertainment. Easy access to I-65. Don't miss out on this great opportunity!

7440 Combs Road, Indianapolis

Listing courtesy of Kelly Agnew. Agnew Auction & Realty, Inc

$245,000

3 Beds ⋅ 3 Baths

This is home! Welcome to 3314 Brandenburg Blvd. This well maintained 3 bedroom 2.5 bathroom home has it all. Walk in the front door to the open living/dining space where you will encounter laminate hardwood floors and a beautiful wood fireplace which is the heart of the space. Wander into the spacious kitchen that includes a dining nook, tons of cabinets and stainless steel appliances. The kitchen also features a newer sink and faucet & updated lighting. Through the kitchen you will encounter a 1/2 bath, large pantry and access to the 2 car garage. Step though the new sliding door into the large, fully fenced back yard with pond views, gazebo & large patio with built in seating. Upstairs you will enjoy a large loft area for extra entertaining space, 3 generously sized bedrooms all with newer carpet, 2 full bathrooms & walk-in closets and laundry room with washer & dryer included . Updates include New Trane HVAC system in 2024, New water heater in 2023, roof, trim, gutters including gutter guards are all newer within the last 10 years. 4K wireless Security system included with PTZ camera in the front and 4 turret cameras around the exterior. You don't need to look any further...this home is everything you need and more. Schedule your showing today!

3314 Brandenburg, Indianapolis

Listing courtesy of Heather Hemphill. Key Realty Indiana

$232,500

3 Beds ⋅ 2 Baths

Looking for a 3-bedroom, 2-bath ranch home in Indianapolis? Check out this fresh updates and single-level living in Wildcat Run! This 3-bedroom, 2-bath ranch home on Indianapolis' southeast side features new carpet throughout, fresh interior paint, and updated light fixtures. The eat-in kitchen has freshly painted white cabinets and black hardware, while the spacious great room features a wood-burning fireplace. Step outside to enjoy the fully fenced backyard with a paver patio and room to relax, garden, or entertain. A brand-new roof, HVAC/AC approximately 4 years old, and water heater approximately 2 years old add to the appeal. An attached 2-car garage and neighborhood amenities including a pool, park, and clubhouse round out this southeast Indianapolis home. Come take a look!

5836 Outer Bank Road, Indianapolis

Listing courtesy of Victoria Pina. Compass Indiana, LLC

$200,000

3 Beds ⋅ 2 Baths

Some homes come with a project list. This one comes with the keys-and NO HOA! Welcome to 5538 Wagon Wheel Trail, a move-in-ready 3-bedroom, 1.5-bath home in Franklin Township offering over 1,000 square feet of comfortable living space. Inside, you'll find newer appliances, a new water heater, and a home that's ready to enjoy without immediately donating your weekends to home improvement projects. Step outside to a nice-sized, fully fenced backyard with plenty of room for dogs, kids, cookouts, a garden, or just kicking back and enjoying your own space. And with no HOA, you can enjoy your home without the extra monthly dues or a neighborhood committee keeping tabs on the height of your grass. Located in the Franklin Township school district, this home checks a lot of boxes without handing you a long list of projects in return. Move in, settle down, and start enjoying your new home!

5538 Wagon Wheel Trail, Indianapolis

Listing courtesy of Steve Snyder. Ferris Property Group

$280,000

3 Beds ⋅ 2 Baths

Well-maintained 3 bedroom, 2 bath ranch with a split-bedroom floor plan. The vaulted great room centers on a cozy gas fireplace. The kitchen features updated stainless steel appliances, golden oak cabinets, a ceramic tile backsplash, and pull-out cabinetry for added efficiency. Out back, the fully fenced yard offers an 18' x 12' decorative concrete patio under a pergola. Upgrades that set this home apart: 2-year-old roof with dimensional shingles * Tankless water heater for endless hot water * Reverse osmosis water system * Hard-surface bathroom countertops * Heat-treated oak porch ceiling * Lighted linen closet in primary suite * Extra 220V garage outlet for heavy equipment * Furnace Whole House Humidifier

8105 Red Barn Court, Indianapolis

Listing courtesy of Michael Deane. F.C. Tucker Company

$249,000

3 Beds ⋅ 1 Baths

Looking for a home that is far from cookie cutter? Tucked into a quiet Franklin Township neighborhood with mature trees and no HOA, this charming 3-bedroom, 1-bath brick & limestone ranch could be exactly what you have been searching for. Inside, original hardwood floors add timeless character. The spacious eat-in kitchen features ceramic tile flooring, beautiful cabinetry, recessed lighting, and all appliances included. Outside, a large covered porch offers a welcoming spot for cookouts, family gatherings, or simply relaxing and enjoying the peaceful backyard. Additional highlights include a new roof installed in September 2026 and two outbuildings -- a mini barn to store your lawn equipment and an impressive 12x15 two-story storage barn (complete with a garage door, partial insulation, electricity, and its own 60-amp breaker box) to store all your recreational toys, sporting goods & seasonal items. Brand new awning for covered patio to be installed by mid-November. Enjoy the convenience of Indianapolis living while still savoring a peaceful, rural feel -- with a nearby pasture where chickens, turkeys, sheep & pigs roam. Turn-key and ready for its next owners, this charming home offers comfort, character, and ample storage inside and out. Schedule your tour today!

6144 S Irwin Street, Indianapolis

Listing courtesy of Jeannie Grant. Highgarden Real Estate

$188,000

2 Beds ⋅ 1 Baths

Enjoy the ease of downtown Franklin living in this charming 2-bedroom home set on a generous 100x131 mature lot. Inside, hardwood floors add warmth and character, while the eat-in kitchen creates a comfortable space for casual meals and conversation. The updated full bath features a tiled shower, single sink, and tile flooring. The family room offers added flexibility with a convenient laundry area. Outside, the oversized 1-car garage provides extra room for a workbench, hobbies, and storage, One of the best parts of life here is the location - enjoy dinner, shopping, golf, pickleball, and the energy of downtown Franklin just a short walk away. With Franklin now low-speed vehicle approved, golf cart owners have even more freedom to explore and enjoy the community. Schedule your showing and see how easily this home fits the way you want to live.

897 Hurricane Street, Franklin

Listing courtesy of Patrick Watkins. Mike Watkins Real Estate Group

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Franklin Homes under $300,000

Newest Franklin Homes under $300,000

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