Franklin Homes under $200,000

Franklin Homes under $200,000

Welcome to Franklin, Indiana – a hidden gem nestled in the heart of Johnson County! This charming city, rich in history and community spirit, offers an inviting atmosphere that perfectly blends small-town charm with modern conveniences. Franklin is renowned for its picturesque downtown, featuring quaint shops, delightful eateries, and beautiful parks, making it an ideal place for families, young professionals, and retirees alike.

One of the most appealing aspects of Franklin is its diverse range of housing options, particularly for those seeking homes under $200,000. This affordability allows residents to enjoy the benefits of homeownership without breaking the bank. From cozy bungalows to spacious ranch-style homes, there's a variety of properties that cater to different lifestyles and preferences. Whether you're a first-time homebuyer or looking to downsize, Franklin's real estate market has something for everyone.

In addition to its affordable housing, Franklin boasts excellent schools, vibrant community events, and numerous recreational opportunities. Residents can enjoy outdoor activities at nearby parks and trails, or take part in the city's numerous festivals and farmers' markets. With easy access to major highways, commuting to Indianapolis is a breeze, making Franklin an attractive option for those who work in the city but prefer the tranquility of suburban living.

Discover the charm of Franklin, Indiana, where affordable homes and a tight-knit community await you. Embrace the opportunity to create lasting memories in a city that truly feels like home!

Newest Franklin Homes under $200,000

960 Duane Street, Franklin
$187,000
2 Beds ⋅ 1 Baths
Welcome to 960 Duane St. An inviting two bed, one bath home just minutes from downtown Franklin. This home features 1,389 SqFt, plenty of potential to make it your own. The kitchen offers lots of storage space with all appliances included in the sale. Completely fenced in lot offering plenty of space for outdoor entertaining with convenient access to nearby shopping, parks, entertainment and walking trails. This home is definitely a must-see!

960 Duane Street, Franklin

Listing courtesy of Carpenter, REALTORS®.

350 Hamilton Avenue, Franklin
$199,000
2 Beds ⋅ 1 Baths
Welcome to 350 Hamilton, a charming Franklin home that's a great place to start your homeownership journey! This inviting single-story ranch offers two comfortable bedrooms and an easy-to-manage layout designed for everyday living. The kitchen features sleek stainless steel appliances, plenty of workspace, and a convenient peninsula perfect for morning coffee, casual meals, or gathering with friends. The updated bathroom offers a fresh, modern feel with a walk-in shower. Outside, the spacious lot provides plenty of room to relax, entertain, garden, or create an outdoor space of your own. An attached garage adds valuable storage and convenience, while the welcoming front porch is the perfect spot to settle in and enjoy your new neighborhood. Whether you're ready to stop renting or simply looking for a place to call your own, 350 Hamilton offers the comfort, convenience, and charm to make homeownership feel within reach. Schedule your showing today!

350 Hamilton Avenue, Franklin

Listing courtesy of CENTURY 21 Scheetz.

1431 Roberts Road, Franklin
$189,950
2 Beds ⋅ 1 Baths
Charming Franklin Home with Oversized Garage & Fenced Corner Lot! Welcome to Franklin, Indiana! This spacious 2-bedroom, 1-bath home features generously sized rooms and plenty of potential. According to the Johnson County Tax Records, the home was previously configured as a 3-bedroom, and it could potentially be converted back if you need that additional bedroom. The bathroom has received a partial update, while the kitchen offers lots of cabinet space and all existing appliances will remain with the home. Recent updates include windows, roof, and HVAC, giving you a great foundation to bring your own vision and personal touches. Outside, enjoy the generous .25-acre corner lot, completely fenced around the perimeter. There is also a smaller fenced area that is perfect for keeping a smaller pup close and supervised. The real standout is the 21' x 24' (504 sq. ft.) detached garage! The garage is finished with OSB board and features: Upstairs storage with convenient drop-down stairs Garage heater 220-volt wiring - perfect for a welder or electric vehicle setup. Cabinets and workbenches galore. Plenty of room for projects, hobbies, tools, or extra storage. Located conveniently near everything Franklin has to offer, with easy access to I-65, US 31, shopping, dining, and local amenities. With its large rooms, recent major updates, generous fenced lot, and exceptional garage, this property offers plenty of space and possibilities. Come bring your vision and make this Franklin home your own!

1431 Roberts Road, Franklin

Listing courtesy of The Modglin Group.

2184 Galaxy Drive, Franklin
$199,000
2 Beds ⋅ 2 Baths
Welcome to 2184 Galaxy Drive in Franklin! This two-bedroom, one-and-a-half-bath home offers 1,134 square feet and is conveniently located near downtown Franklin, schools, shopping, dining, and everyday amenities. The primary bedroom features a walk-in closet and access to a Jack-and-Jill-style bathroom. Recent updates include a brand-new fence and HVAC system with a transferable warranty. Outside, enjoy a private backyard that backs up to mature trees with no rear neighbors, along with a back deck perfect for relaxing or entertaining. Seller had the crawl space fully encapsulated this year and new insulation installed in the attic. HVAC system includes a transferable five-year warranty.

2184 Galaxy Drive, Franklin

Listing courtesy of eXp Realty, LLC.

4621 S 537 E, Franklin
$194,000
2 Beds ⋅ 1 Baths
Quiet Country Living at an Affordable Price! Enjoy lower utility bills with this 2 Bed/1 Bath starter/transition home. Located in the southern outskirts of Johnson County nestled on a long half-acre lot (part of it fully fenced). No HOA and No Down Payment USDA Financing Eligible!

4621 S 537 E, Franklin

Listing courtesy of Grace & Agape Real Estate Services.

1572 Roberts Road, Franklin
$135,000
3 Beds ⋅ 2 Baths
Don't miss this incredible opportunity to build instant equity! This affordable fixer-upper is packed with potential and is the perfect project for a homeowner ready to renovate and create their dream home, or an investor looking for their next flip or cash-flowing rental. The home's simple ranch layout keeps future maintenance easy and affordable, making it an excellent long-term investment once renovations are complete. Located in desirable Franklin, you'll enjoy all the benefits of one of Central Indiana's most sought-after communities, where strong buyer demand and a healthy housing market continue to make homeownership an attractive investment. Whether you're looking to roll up your sleeves and create equity or add another property to your investment portfolio, this is a value-packed opportunity you won't want to miss. Home is being sold as-is.

1572 Roberts Road, Franklin

Listing courtesy of Indiana Ford Realty LLC.

1145 Southpointe Drive, Franklin
$167,000
2 Beds ⋅ 2 Baths
Milestone Lending is offering a $2000 credit for closing costs (see attached flyer). Could be a great investment property! Certified Foundation Report available for any buyer. Move right in and start enjoying this beautifully updated, fully furnished 2-bedroom, 2-bath home! Whether you're looking for a primary residence, a second home, or an investment property, this turnkey home offers comfort, convenience, and exceptional value. Filled with natural light, the inviting family room features a cozy gas fireplace, creating the perfect space to relax. The spacious kitchen offers abundant cabinetry, a stylish tile backsplash, an electric range, and a cheerful dining area ideal for everyday living. The generously sized primary suite includes a private bath with a double vanity and relaxing garden tub. Outside, you'll find a fully fenced backyard with plenty of space for pets, gardening, or entertaining, along with a storage shed for extra storage. Enjoy the confidence of numerous recent updates, including new windows, new plumbing, new gutters and downspouts, updated lighting, & new toilets-providing peace of mind for years to come. Conveniently located near US 31, this move-in-ready home is being offered fully furnished, making it an outstanding opportunity for homeowners, investors, or anyone seeking a hassle-free purchase. Don't miss your chance to own this turnkey property! Immediate Possession Available!

1145 Southpointe Drive, Franklin

Listing courtesy of CENTURY 21 Scheetz.

151 Breckenridge Street, Franklin
$197,500
2 Beds ⋅ 1 Baths
Welcome home to 151 Breckenridge! This charming 2-bedroom home offers the perfect blend of modern updates and classic character in the heart of Downtown Franklin. Recently renovated, the home features durable luxury vinyl plank flooring throughout, updated lighting, and thoughtfully refreshed finishes in every room. The beautifully remodeled kitchen showcases granite countertops, stainless steel appliances, and stylish cabinetry, while the updated full bath adds contemporary comfort and appeal. Move-in ready and full of charm, this home is an excellent opportunity for anyone looking to enjoy downtown living. Step outside and enjoy the covered front porch or unwind on the wood deck overlooking the backyard-ideal for relaxing evenings or entertaining guests. Best of all, you're within walking distance of everything Downtown Franklin has to offer, including the Farmers Market, local festivals, the amphitheater, pickleball courts, coffee shops, restaurants, boutiques, and more. Don't miss your chance to own this beautifully updated home in one of Franklin's most desirable locations!

151 Breckenridge Street, Franklin

Listing courtesy of Smythe & Co, Inc.

Start Your Search

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