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 a picturesque setting that makes it an ideal place to call home. With its tree-lined streets, historic downtown, and friendly atmosphere, Franklin offers a unique lifestyle that appeals to families, young professionals, and retirees alike.

One of the most attractive features of Franklin is its diverse real estate market, particularly for those seeking homes under $400,000. Here, you can find a variety of options that cater to different tastes and needs. From quaint bungalows and traditional two-story homes to contemporary designs, there’s something for everyone. These affordable homes provide not only comfort and style but also the opportunity for families to settle in a welcoming community without breaking the bank.

Franklin is also home to excellent schools, beautiful parks, and a thriving local economy, making it a great place to raise a family. Enjoy weekend strolls through Franklin's historic downtown, where you'll discover delightful shops, cozy cafes, and a calendar full of community events. With easy access to major highways, commuting to Indianapolis for work or entertainment is a breeze.

If you're looking for an affordable home in a community that prioritizes connection and quality of life, Franklin, IN, is the perfect place to start your journey. Explore the possibilities today and discover why so many are choosing to call this charming city their home!

Newest Franklin Homes under $400,000

$299,900

3 Beds ⋅ 3 Baths

Welcome Home! Built in 2021, this practically new home has been impeccably maintained and is ready for its next owner! The main level features a welcoming open-concept layout with durable vinyl plank flooring in the kitchen and breakfast area, complemented by plush carpeting in the great room. Whether you're entertaining guests or enjoying a cozy night at home, this layout makes it easy to stay connected while preparing dinner or spending time with family and friends. A versatile flex room at the front of the home offers endless possibilities for a formal dining room, home office, additional living space, or playroom. The breakfast area overlooks a natural pond view, enjoyed through the sliding patio door. Upstairs, you'll find three spacious bedrooms, a generously sized loft, and ceiling fan/light fixtures in every room for added comfort and convenience. The loft is the perfect spot for a reading nook, play area, home office, or additional hangout space. Conveniently located near the interstate, you'll enjoy easy access to downtown Indianapolis, Greenwood, and beyond. With **over 2,200 square feet for under $300,000 in Franklin Township**, this home offers an incredible combination of space, modern construction, and value! To make the opportunity even sweeter, the sellers are offering a credit toward the buyer's closing costs or discount points to help buy down the interest rate with an acceptable offer. Don't miss your chance to make this beautiful home yours!

9707 Violet Circle, Indianapolis

Listing courtesy of Sarah O'Donnell. F.C. Tucker Company

$130,000

3 Beds ⋅ 2 Baths

Welcome to 402 N Miller Ave in Marion, Indiana. This 1959 single-family ranch residence offers 1,520 square feet of inviting, move-in-ready living space that perfectly balances classic charm with everyday functionality. The home features three bedrooms, providing flexible space for your unique lifestyle needs, whether you are looking for a dedicated primary suite, a home office, or a comfortable guest area. Complementing these living spaces are one full bathroom and one half bathroom, thoughtfully positioned to serve both residents and visitors with ease. The exterior of this one-story property invites you to enjoy the outdoors with a private yard that provides a wonderful sense of personal space. Whether you are relaxing on the porch or utilizing the convenience of the attached garage, the layout is designed for seamless transitions between indoor comfort and outdoor enjoyment, all set within a manageable 7,440-square-foot lot.

402 N Miller Avenue, Marion

Listing courtesy of Gabriel Long. eXp Realty, LLC

$379,900

4 Beds ⋅ 3 Baths

Nicely updated ranch with vaulted ceilings, a full, finished basement, a 3-car attached garage, and a large fenced backyard. With 3,250 sqft, this spacious home has room for everyone: 4 bedrooms + an office, 3 full bathrooms, a 16x19 mainfloor family room, a 16x28 basement rec room, and a 12x28 home gym! The primary suite includes a walk-in closet, double-sinks in a quartz vanity top, a custom-tiled walk-in shower with a waterfall showerhead, and a separate soaking tub. Open-concept dining and living area on the main floor with a wood-burning fireplace. All new windows! Updated hardwood and LVP flooring, granite counterrtops in the kitchen, and a tankless water heater. The sun-filled home office looks out at the big backyard that is fully-fenced and includes a concrete patio and storage shed. The concrete driveway is 3-cars wide and provides plenty of extra parking. The 10x16 basement bonus room is ideal for storage and as a tornado shelter. Located on a 1/3 acre lot in a quiet residential neighborhood on the south side of Franklin walking distance to Blue Heron Park, people trails, amphitheater, & downtown. All kitchen and laundry appliances plus the water softener remain with the home.

783 N Shore Boulevard, Franklin

Listing courtesy of Sarah Sanders. 1 Percent Lists Indiana Real Estate

$379,990

4 Beds ⋅ 3 Baths

Located at 3922 Quinn Road in Indianapolis/Franklin Township, this new construction home offers 2,368 square feet of thoughtfully arranged living space across 2 levels. The floorplan is designed to balance shared gathering areas with private retreats, making it well suited to a variety of daily routines. At the center of the home is an open-concept living space that connects the kitchen, dining area, and family room. This layout allows natural light to travel throughout the main level and keeps conversation flowing between rooms, whether the occasion is a weeknight dinner or a larger gathering. Key features include: 4 bedrooms, including an owner's bedroom with a private en-suite bathroom 2 full bathrooms and 1 half bathroom, providing a convenient option for guests 2,368 square feet of living space Open-concept main level connecting the kitchen, dining, and living areas Morning room addition Loft The quality of design is evident in the home's practical room proportions and high-quality construction standards. Bedrooms are sized to accommodate furniture arrangements for sleeping, studying, or working, and the secondary spaces offer flexibility as a home office, playroom, or guest quarters. With its generous square footage, functional layout, and new construction quality, this 4-bedroom home presents an exceptional new home open in Franklin Township!

3922 Quinn Road, Indianapolis

Listing courtesy of Jennifer Mencias. M/I Homes of Indiana, L.P.

$375,000

4 Beds ⋅ 3 Baths

Need more space? Welcome to this 2-story home with a basement in sought after Bel Moore with neighborhood pool and playground. With updated paint, the Main floor features a formal living room, complete spacious family room with a fireplace, and a flex room off the family room perfect to meet your need for an office or playroom. The Breakfast area opens to the Kitchen and the Patio, and there is a formal Dining Room off the Living Room and main floor Laundry. Upstairs the large primary Bedroom has a vaulted ceiling, walk-in closet and ensuite Bath with updated shower and garden tub. The 3 secondary Bedrooms upstairs are all good sizes and share a Full Bath. The Basement is ready for your personal touches to build out to meet your needs. Relax in the Backyard on the open patio overlooking a great, fenced backyard with a storage shed. HVAC is 2 years old. Situated close to schools and parks, minutes to I-65, Adams Elementary and Greenwood.

7520 Samuel Drive, Indianapolis

Listing courtesy of Mary Boustani. Keller Williams Indy Metro NE

$375,000

3 Beds ⋅ 2 Baths

Welcome to 4119 Abigail Way, an impeccably maintained, one-owner brick-front ranch in Franklin Township's sought-after Chessington Grove. Built with every builder extension to create the community's largest ranch layout, this turn-key gem offers 1,856 sq ft on the main level plus a matching 1,856 sq ft basement ready for equity-building expansion. Inside, enjoy fresh paint, newer flooring, and full smart-home automation controlling lighting, climate, ceiling fans, appliances, and the wired security system with cameras. The open-concept kitchen boasts smart stainless appliances (1.5 yrs old), a walk-in pantry, a massive island, and an adjoining dining space flowing seamlessly into a vaulted living room with a wood-burning fireplace. Retreat to the primary suite featuring a walk-in closet and a deluxe en-suite with dual vanities and a tiled walk-in shower. Outside, entertain on the oversized wood deck inside a fully fenced yard with a fire pit and dedicated play area. The partially framed basement features a rough-in for a full bath, included building materials, and a triple-backup sump system. An extended 2-car garage features 10-ft ceilings, commercial LED lighting, and a shaft-drive opener. All appliances and mounted smart TVs stay! Top-rated Franklin Township schools, neighborhood pool, clubhouse, and seamless I-74/I-465 access seal the deal-schedule your tour today!

4119 Abigail Way, Indianapolis

Listing courtesy of Peter Stewart. Keller Williams Indpls Metro N

$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

$356,890

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.

1652 Covington Boulevard, Franklin

Listing courtesy of Erin Hundley. Compass Indiana, LLC

$375,000

5 Beds ⋅ 3 Baths

SPACE, FUNCTIONALITY, AND ONE OF THE BEST BACKYARD VIEWS IN THE NEIGHBORHOOD! This beautifully designed 5 bedroom, 3 full bath home offers an incredibly efficient floor plan that just keeps going and going! The MAIN LEVEL BEDROOM AND FULL BATHROOM provide flexibility for guests, a private home office, or multigenerational living. Upstairs, you'll find FOUR ADDITIONAL BEDROOMS, a HUGE LOFT that truly functions as a SECOND LIVING ROOM, and the convenience of UPSTAIRS LAUNDRY. Whether you're looking for extra entertaining space, a media room, or simply room to spread out, this layout delivers! Since purchasing, the current owners have made thoughtful improvements, including an EXTENDED DRIVEWAY, EXPANDED BACK PATIO, BEAUTIFUL RAISED GARDEN BEDS THAT STAY WITH THE HOME, HIGH EFFICIENCY WATER SOFTENER, WATER PURIFICATION SYSTEM, and an R-17 INSULATED GARAGE DOOR. But one of the biggest highlights? THE BACKYARD VIEW. Instead of looking directly into another home, you'll enjoy peaceful views of OPEN GREEN SPACE AND A POND, creating a beautiful backdrop for relaxing, entertaining, or enjoying evenings on the patio. With FIVE SPACIOUS BEDROOMS, MULTIPLE LIVING AREAS, a flexible main level layout, and valuable upgrades already completed, this home offers the space, convenience, and setting that are so hard to find!

3674 Sunset Ridge Drive, Franklin

Listing courtesy of Rachel Patterson. CENTURY 21 Scheetz

$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®

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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 $400,000

Newest Franklin Homes under $400,000

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