Franklin Homes under $350,000

Welcome to Franklin, Indiana – a charming city that perfectly balances small-town warmth with modern conveniences. Nestled just 20 miles south of Indianapolis, Franklin boasts a rich history, vibrant community spirit, and an array of recreational opportunities. With its picturesque downtown area, filled with unique shops, delightful cafes, and beautiful parks, Franklin is a place where residents can truly feel at home.

For those seeking an affordable yet charming place to live, Franklin offers an impressive selection of homes under $350,000. Whether you're a first-time homebuyer, a growing family, or looking to downsize, there's something here for everyone. From cozy bungalows to spacious two-story homes, the real estate options are as diverse as the community itself. Many of these homes feature beautiful yards, modern amenities, and easy access to local schools and parks, making them perfect for families or anyone looking to enjoy a peaceful lifestyle.

Franklin is also known for its strong sense of community, with numerous events and festivals throughout the year that bring residents together. The local parks and recreational facilities provide plenty of opportunities for outdoor activities, including hiking, biking, and sports. Plus, with a low cost of living and a friendly atmosphere, it’s no wonder that so many people are choosing to call Franklin home.

Come explore the inviting neighborhoods of Franklin and discover why this delightful city is the perfect place to find your dream home without breaking the bank!

Newest Franklin Homes under $350,000

$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

$325,000

3 Beds ⋅ 3 Baths

Now available in Franklin Township! Built in 2023, this move-in ready modern home features 3 bedrooms, 2.5 bathrooms, and an open floor plan designed for effortless living. The sleek kitchen boasts quartz countertops and stainless steel appliances, seamlessly opening to the main living area. With contemporary finishes and low-maintenance style throughout, this property is a must-see-schedule your private tour today!

6024 Medina Spirit Drive, Indianapolis

Listing courtesy of Cleia Tupper. Keller Williams Indy Metro Partners

$305,000

3 Beds ⋅ 2 Baths

Discover the charm of 7430 S Franklin Road, offering 1421 square feet of thoughtfully designed living space in highly desired Franklin Township. NO HOA! This all brick property presents an exceptional opportunity for comfortable living. This inviting home features three roomy bedrooms, with original hardwood floors, providing ample personal space for everyone. Complementing these are two full bathrooms, ensuring convenience and ease for daily routines. Living room, Family room/dining room combo. Set on a substantial 1/2 acre, this property provides abundant outdoor space for recreation, gardening, or simply enjoying the Indiana sunshine. An additional custom-built mini barn with electricity is also located in the back yard for all of those outdoor storage needs. For the warmer days, there is an additional attached sunroom. New roof in 2023, new HVAC in 2019. Come and check out this great find in Franklin Township before it's gone!

7430 S Franklin Road, Indianapolis

Listing courtesy of Maryann Davidson. Hoosier, REALTORS®

$325,000

3 Beds ⋅ 3 Baths

Welcome to this beautifully maintained home in the desirable Big Run neighborhood of Franklin Township! Lovingly cared for by the same family since 1990, this home showcases exceptional pride of ownership, spacious living areas, and numerous updates. Freshly painted inside and out in 2026, it's ready for you to move right in! Situated on a beautifully landscaped .54-acre lot with access to the neighborhood pond and space for two boats, this property offers wonderful outdoor living. Enjoy gatherings on the expansive deck, refreshed in 2026, or relax on the charming wraparound front porch. Inside, gather around the wood-burning fireplace in the living room, enjoy casual dining in the breakfast nook, or entertain in the spacious formal dining room. The kitchen features appliances new in 2025, and all windows have been replaced within the past two years. The spacious primary suite features double closets, a window seat, and an ensuite bath with double vanities, a newer shower, and a sunken jetted tub. Upstairs are two additional bedrooms, a full bath, and a large loft overlooking the living room, with the potential to become a fourth bedroom. The basement offers plenty of room for hobbies and storage, plus the washer and dryer. Major updates include an HVAC system replaced in 2023 and a newer sump pump with backup, along with a water softener and iron oxidizer. A finished garage with pull-down attic stairs provides even more storage. Be sure to check the supplements for a complete list of updates and included items. Don't miss this opportunity to enjoy a meticulously maintained home in a peaceful neighborhood just in time for the holidays!

4934 Palomino Trail, Indianapolis

Listing courtesy of Michelle Mann. F.C. Tucker Company

$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

$335,900

3 Beds ⋅ 2 Baths

Here is a new Gem, in Franklin Township. Sitting on a quiet cul-de-sac, this home has been meticulously redesigned on the interior, with a beautiful exterior and large backyard for all your family leisure time. Exterior features include, an ALL NEW ROOF, gutters and downspouts, that were just installed the first week of October 2026. Enjoy the 600 square foot custom decking and a tranquil pond, with a waterfall feature, in a fully fenced in backyard, with custom firepit and a small shed for outdoor storage. The interior of this home boasts, a newly redesigned kitchen, with quartz countertops, expanded soft close and pullout cabinetry, expanded counter space and a built-in wine rack. Brand new G.E. Appliances, new deep kitchen sink and garbage disposal. New custom cordless blinds, wood burning fireplace, new lighting and ceiling fans, 6-inch craftsman style baseboards and all new fresh paint throughout the home. The ensuite primary bathroom comes equipped with a double sink vanity, a garden tub and a stand-alone shower. Everything is secured with an ADT Security System. Take a chance and go see this home and all its beautiful Craftsmanship, you will not be disappointed.

5535 Oakcrest, Indianapolis

Listing courtesy of John Stewart. My Agent

$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

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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 $350,000

Newest Franklin Homes under $350,000

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