Franklin Homes under $250,000

Franklin Homes under $250,000

Welcome to Franklin, Indiana, a charming city that beautifully blends small-town warmth with modern conveniences. Nestled just a short drive south of Indianapolis, Franklin boasts a rich history, vibrant community spirit, and an array of amenities that make it an ideal place to call home. With its picturesque downtown, tree-lined streets, and friendly neighbors, Franklin offers a welcoming atmosphere that is hard to resist.

One of the most appealing aspects of Franklin is its affordability. For homebuyers seeking value, the market features a variety of homes priced under $250,000. Whether you're a first-time buyer, a growing family, or an investor looking for rental opportunities, Franklin has something for everyone. From charming bungalows and classic two-story homes to modern townhouses, you'll find a diverse selection of properties that cater to different lifestyles and budgets.

Franklin is not just about homes; it’s about a lifestyle. Residents enjoy access to beautiful parks, top-rated schools, and a plethora of recreational activities. The city is home to the renowned Franklin College, which adds a youthful energy to the community. You can indulge in local dining experiences, explore boutique shops, or take a leisurely stroll along the scenic Greenway Trail.

In Franklin, you’re not just purchasing a property; you’re investing in a vibrant community that values connection, growth, and quality living. Discover your dream home in this delightful Indiana gem, where affordability meets charm and opportunity awaits around every corner!

Newest Franklin Homes under $250,000

4607 Marshall Drive
$225,000
2 Beds ⋅ 2 Baths ⋅ 46237 Zip Code
Come take a look at this wonderfully maintained property in Crystal Lakes. Built in 2002, this 1119 square foot home offers a perfect blend of modern comfort and effortless living, designed for those who appreciate a thoughtfully laid out open plan space. This inviting single-story home features two comfortable bedrooms with en-suite in the primary bedroom and walk in closets, providing ample personal space. The two full bathrooms are well-appointed. Laundry room with garage access. Fully fenced in backyard perfect for pets and children with covered concrete porch. Welcoming neighborhood environment for both relaxation and everyday life. We invite you to experience the charm and functionality of this exceptional property. The roof is 2 years old. Wednesday is trash day. Utilities are electric AES, gas/water/sewer Citizens energy, cable Xfinity.

4607 Marshall Drive

Listing courtesy of Tomorrow Realty, Inc..

5220 Mesa Verde Drive
$249,900
3 Beds ⋅ 2 Baths ⋅ 46237 Zip Code
Welcome to this 1-story home in Thompson Park offering 3 bedrooms, 2 full bathrooms, and 1,340 square feet of living space. The functional floor plan provides comfortable living areas with plenty of potential to personalize and make your own. An attached 2-car garage offers convenient parking and additional storage, while the spacious backyard provides room to enjoy the outdoors. Schedule your showing today! One or more photos may have been virtually staged.

5220 Mesa Verde Drive

Listing courtesy of Mainstay Brokerage LLC.

130 Brookside Court
$250,000
3 Beds ⋅ 2 Baths ⋅ 46131 Zip Code
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

Listing courtesy of Keller Williams Indy Metro Partners.

8145 Whistlewood Court
$150,000
3 Beds ⋅ 2 Baths ⋅ 46239 Zip Code
Renovation opportunity at an attractive price! This 3-bedroom, 2-full-bath ranch offers approximately 1,323 SqFt, an attached 2-car garage and a fenced backyard. The single-level layout includes a dining area with access to the backyard patio. The home needs repairs and updating throughout, with the asking price reflecting its current condition. Nearby comparable sales and rental listings suggest potential resale value in the low-to-mid $200s and potential monthly rent in the high $1,000s after remodeling, depending on the improvements and market conditions. An opportunity for a renovation project, a potential rental investment or a buyer looking to update a home and build immediate equity.

8145 Whistlewood Court

Listing courtesy of Trueblood Real Estate.

5771 Quail Crossing Drive
$242,500
3 Beds ⋅ 2 Baths ⋅ 46237 Zip Code
Open House on Sunday, October 11, 2026 from 2:00-4:00pm. Welcome home to 5771 Quail Crossing Drive. This cozy 3 bedroom, 2 bath home has over 1500 square feet and a perfect sun room to enjoy your morning coffee, evening sunset or a quiet place to read your favorite book. Your new home has a great OPEN floorplan, SOARING ceilings with skylights that allow loads of natural light, freshly painted ceilings and walls, as well as updated LVP flooring throughout. The primary bedroom is the perfect size with an ensuite bathroom that offers a double vanity and large walk in closet. Enjoy this open floor plan that allows you to cook in the ample sized kitchen while entertaining and chatting with family and friends in the dining area and living room. Speaking of family and friends there is plenty of off street parking in the large driveway that leads to your spacious two car garage. Hurry because this beautiful condo won't last long!

5771 Quail Crossing Drive

Listing courtesy of CENTURY 21 Scheetz.

5944 S Karen Drive
$235,500
3 Beds ⋅ 2 Baths ⋅ 46239 Zip Code
INVESTOR & HOME FLIPPER OPPORTUNITY! Beautiful .72-Acre Property with Tri-Level Home - Sold AS-IS Bring your vision and unlock the potential of this unique property! Situated on a beautiful .72-acre lot, this tri-level home offers an exciting opportunity for investors, experienced renovators, and home flippers looking for their next project. The home needs substantial work and is being offered strictly AS-IS, but the generous lot and existing structure provide plenty of possibilities for the right buyer. Property Highlights: * Approximately .72 acres * Tri-level home with renovation potential * Large lot offering privacy and flexibility * Ideal opportunity for investors and experienced rehabbers * Sold AS-IS * Bring your contractor, vision, and imagination! Whether you're looking to completely renovate the existing home, create a long-term investment, or explore the property's potential, this is an opportunity worth taking a closer look at. Investors, flippers, and rehabbers-this one is for you!

5944 S Karen Drive

Listing courtesy of CENTURY 21 Scheetz.

101 Robinson Street
$240,000
2 Beds ⋅ 1 Baths ⋅ 46131 Zip Code
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

Listing courtesy of RE/MAX Allstars.

5501 Yeager Court
$238,000
3 Beds ⋅ 2 Baths ⋅ 46237 Zip Code
Welcome to this well-maintained 3-bedroom home in Franklin Township! The main level features an updated kitchen, beautiful laminate flooring throughout, a cozy fireplace, formal family room, and spacious great room. Enjoy the large deck overlooking the generously sized, fully fenced backyard-perfect for relaxing or entertaining. The home also offers a 2-car garage. Recent updates include a revamped sewer system in 2020, new HVAC in 2024, and a new water heater in 2025. Don't miss this great opportunity!

5501 Yeager Court

Listing courtesy of Redfin Corporation.

1320 Swan Drive
$225,000
2 Beds ⋅ 2 Baths ⋅ 46131 Zip Code
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

Listing courtesy of Modern Realty Group Inc.

5762 Overcrest Drive
$185,000
2 Beds ⋅ 2 Baths ⋅ 46237 Zip Code
Welcome to easy, low-maintenance living in Bradford Place! This inviting 2-bedroom, 2-full-bath condominium offers 1,103 square feet of comfortable living space and a convenient attached garage. The spacious living area features a cozy gas fireplace, creating the perfect setting for relaxing or entertaining. Two well-appointed bedrooms and two full bathrooms provide flexibility and comfort for everyday living or hosting guests. Enjoy the benefits of community living with access to Bradford Place's clubhouse and pool-perfect for gathering with neighbors or unwinding on warm summer days. With a desirable combination of comfort, convenience, and amenities, this condominium is ready to welcome its next owner!

5762 Overcrest Drive

Listing courtesy of Trueblood Real Estate.

6214 Rolling Meadow Lane
$200,000
2 Beds ⋅ 2 Baths ⋅ 46237 Zip Code
Discover the ease of condominium living at 6214 Rolling Meadow Lane. Built in 1999, this inviting ranch-style home offers 1290 square feet of thoughtfully designed living space, ready for you to move in and make it your own. The heart of this home is its kitchen, featuring a practical G-shaped layout complemented by a peninsula, offering both functionality and a welcoming space for culinary endeavors. A dedicated laundry room provides convenience and organization, streamlining daily routines. Outside, a private patio extends your living space, perfect for enjoying quiet moments or entertaining al fresco. The attached garage provides secure parking and additional storage. With two comfortable bedrooms and two full bathrooms, including a walk-in shower for a touch of everyday luxury, this single-story residence offers an exceptional blend of comfort and practicality. Inquire today to experience the serene lifestyle this property affords.

6214 Rolling Meadow Lane

Listing courtesy of Crossroads Real Estate Group LLC.

5930 Timber Lake Way
$225,000
4 Beds ⋅ 3 Baths ⋅ 46237 Zip Code
Franklin Woods 4BR, 3 full bath split-bedroom tri-level home located on pond lot in Franklin Township. This home offers an eat-in kitchen, formal living rm with direct access to sunroom on the main level. Lower level features bonus room and 4th bedroom with full bath, currently being used as a family rm. Upper level offers primary bedroom suite featuring private full bath with walk-in shower. 2 additional bedrooms share hall bath featuring tub with shower surround. Open patio off of the lower level overlooks backyard with pond access. Mature neighborhood located off of Arlington Ave. between Thompson Rd. and Edgewood Ave. Just minutes from Arlington Elementary, Lutheran HS and Newly renovated Thompson Park. This home does need cosmetics, but is perfect for someone willing to put in a little elbow grease to make it their own. This is an excellent opportunity in Franklin Twp!!

5930 Timber Lake Way

Listing courtesy of Keller Williams Indy Metro Partners.

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