Franklin Homes under $400,000

Franklin Homes under $400,000

**Discover Franklin, Indiana: Your Perfect Home Awaits**

Nestled in the heart of Johnson County, Franklin, Indiana, is a charming city that perfectly balances small-town warmth with modern conveniences. With its rich history, vibrant community, and picturesque landscapes, Franklin is an ideal destination for families, professionals, and retirees alike. Residents enjoy a tight-knit community feel while being just a short drive from the bustling city of Indianapolis, making it a perfect retreat for those who want the best of both worlds.

Franklin boasts a variety of amenities, including beautiful parks, local shops, and a thriving arts scene. The historic downtown area is lined with delightful boutiques and eateries, offering a taste of local flavor and culture. Outdoor enthusiasts will appreciate the numerous trails and parks, providing ample opportunities for recreation and relaxation.

What makes Franklin even more appealing is the availability of homes under $400,000. This price range allows first-time buyers and growing families to find their dream home without breaking the bank. From charming single-family homes to modern townhouses, there’s something for everyone in this friendly community. Many properties feature spacious yards, updated interiors, and access to top-rated schools, making it an attractive option for families looking to settle down.

With its welcoming atmosphere, rich history, and affordable housing options, Franklin, IN, is not just a place to live—it's a place to thrive. Explore the possibilities and discover why so many are choosing to call Franklin home. Your dream home is waiting for you in this delightful Indiana gem!

Newest Franklin Homes under $400,000

5525 Floating Leaf Drive, Indianapolis
$269,900
3 Beds ⋅ 2 Baths
At 5525 Floating Leaf DR in INDIANAPOLIS, IN, discover a single-family residence constructed in 2004, offering 2034 square feet of thoughtfully designed living space. This property presents an opportunity for comfortable living with a focus on practical elegance. Across two stories, this home provides a functional layout. The residence features three bedrooms, offering versatile spaces for rest and personalization. Accompanying these are one full bathroom and one half bathroom, providing convenience for residents and guests alike. Close to schools and shopping centers. **** New Floors, New Carpet, New Kitchen appliances****

5525 Floating Leaf Drive, Indianapolis

Listing courtesy of Nagra Realty Inc.

5220 Mesa Verde Drive, Indianapolis
$249,900
3 Beds ⋅ 2 Baths
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, Indianapolis

Listing courtesy of Mainstay Brokerage LLC.

942 Ram Drive, Franklin
$355,000
4 Beds ⋅ 3 Baths
942 Ram Dr in Franklin has approximately 2,909 square feet, four bedrooms, and two and a half bathrooms. Built in 2020, the two-story home has a kitchen with a large island, pantry, and stainless steel appliances. Connected dining and living areas include a fireplace anchoring the main living space. A separate front office has built-in shelving and glass-paneled doors. Upstairs, the primary suite has walk-in storage and a bathroom with dual sinks, a tub, and a separate shower. An additional upstairs living area expands the layout. The rear deck and yard provide outdoor space, and an attached garage adds storage. Included 100-Day Home Warranty with buyer activation

942 Ram Drive, Franklin

Listing courtesy of Opendoor Brokerage LLC.

130 Brookside Court, Franklin
$250,000
3 Beds ⋅ 2 Baths
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, Franklin

Listing courtesy of Keller Williams Indy Metro Partners.

1615 Younce Street, Franklin
$275,000
3 Beds ⋅ 1 Baths
Spacious Corner-Lot Home with Excellent Garage & Storage! This 3-bedroom, 1-full-bath home offers 1,225 sq. ft. of comfortable living space plus two additional rooms. One room is ideal for an office, playroom, or hobby space, while the other could potentially serve as an additional bedroom, providing flexible living options. Situated on a corner lot and not in a flood zone, this home offers plenty of space and functionality. The impressive 24' x 30' garage features a gas furnace and provides approximately 2.5-car capacity, while the additional carport offers even more parking. A 12' x 24' mini barn with electricity provides excellent storage or workshop space. Additional features include a vinyl exterior, gas heat, electric stove, reverse osmosis drinking water system, and a gas tankless water heater and water softener, both approximately 5 years old. The roof is approximately 1.5 years old. With abundant parking, storage, and flexible living space, this property is ready to welcome its next owner!

1615 Younce Street, Franklin

Listing courtesy of Keller Williams Indy Metro Partners.

8145 Whistlewood Court, Indianapolis
$150,000
3 Beds ⋅ 2 Baths
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, Indianapolis

Listing courtesy of Trueblood Real Estate.

5907 Timber Lake Boulevard, Indianapolis
$275,000
3 Beds ⋅ 2 Baths
Beautifully remodeled and move-in ready, this tri-level home at 5907 Timber Lake Boulevard sits on a 0.3-acre lot overlooking the pond! The all-new kitchen features soft-close cabinets, quartz countertops, new appliances, and a custom backsplash. New luxury vinyl plank flooring runs throughout the entire home, complemented by fresh interior paint, new trim and interior doors, and new recessed lighting. A completely renovated full bathroom and a newer lower-level bathroom add to the extensive updates. Outside, a new front entry door, updated exterior lighting, and a remodeled covered porch create a welcoming first impression, while the spacious lot offers room to relax and enjoy the pond views. The HVAC system was replaced in 2021, and windows were replaced around the same time. With the interior remodeling already complete, this turnkey home is ready for you to move in and enjoy!

5907 Timber Lake Boulevard, Indianapolis

Listing courtesy of Key Realty Indiana.

5771 Quail Crossing Drive, Indianapolis
$242,500
3 Beds ⋅ 2 Baths
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, Indianapolis

Listing courtesy of CENTURY 21 Scheetz.

1110 Foxtail Drive, Franklin
$374,900
4 Beds ⋅ 3 Baths
Beautiful 4-bedroom, 2.5-bath home offering over 2,500 sq. ft. of living space, ideally situated on a cul-de-sac in the popular Windstar subdivision. A welcoming covered front porch leads into the spacious main level featuring a living room, dining room, kitchen with center island and eat-in area, family room, and half bath. The second floor offers a generous primary suite with double sinks, soaking tub, separate shower, and his-and-her walk-in closets, along with three additional bedrooms, a full bath, and convenient laundry room. Enjoy the outdoors from the oversized TREX deck overlooking the fenced backyard with mini barn-perfect for entertaining or relaxing. New flooring and solar panels add to the home's appeal, helping provide a very favorable electric bill. All appliances, including washer and dryer, are included. Fantastic location within walking distance to downtown Franklin, with nearby walking paths, shopping, restaurants, and easy access to I-65. Don't miss this opportunity!

1110 Foxtail Drive, Franklin

Listing courtesy of CENTURY 21 Scheetz.

7627 Sly Fox Drive, Indianapolis
$388,000
4 Beds ⋅ 3 Baths
This beautiful home, located in the highly desirable Red Fox Commons neighborhood, has been tastefully updated to offer a modern, open-concept layout that is perfect for both everyday living and entertaining. Nestled on a quiet street and situated on a huge lot, this property offers incredible comfort, versatility, and curb appeal. The stunning kitchen features brand-new stainless steel appliances, pristine quartz countertops, cabinets with plenty of storage and a large center island-ideal for daily meal prep and hosting guests. The spacious family room features a beautiful fireplace and four large windows that flood the space with natural light. It is the perfect spot to unwind by the window or curling up by the fire on a chilly evening. Tucked just around the corner sits a flexible space that functions beautifully as either a formal dining room, living room or a private home office. Beautiful LVP flooring spans the main level, creating a clean, cohesive, and seamless flow from room to room. Upstairs, the spacious primary suite serves as a true retreat, featuring an expansive walk-in closet and a private en suite bathroom with a huge, beautifully tiled shower. Three additional large bedrooms-each with its own walk-in closet-provide excellent flexibility and room to grow. The entire second floor features plush new carpet for ultimate comfort. All bathrooms throughout the home feature gorgeous quartz vanity tops and updated faucets. Fresh paint and all-new light fixtures and ceiling fans completely revitalize the entire interior. The updates continue outside with a brand-new garage door and a new expansive rear deck that perfectly extends your living area into the outdoors. Red Fox Commons is a peaceful, family-oriented community known for its well-maintained homes and beautiful green spaces.

7627 Sly Fox Drive, Indianapolis

Listing courtesy of Liberty Real Estate, LLC..

7902 Alexander Street, Indianapolis
$265,000
3 Beds ⋅ 2 Baths
Looking for a home that's move-in ready and easy to make your own? This 3-bedroom, 2-bath home offers a great opportunity for a first-time buyer or anyone looking for a comfortable home with modern updates and plenty of character. Inside, you'll find a practical layout with spacious living areas, three bedrooms, and two full bathrooms. The updated kitchen features stainless steel appliances and stone countertops, making it a great space for both everyday meals and entertaining. One of the bedrooms includes its own private ensuite bathroom, adding extra convenience. The home also offers a welcoming front porch and a nice mix of historic charm and more recent improvements. With its functional layout, updated features, and approachable feel, this could be a great place to start your homeownership journey.

7902 Alexander Street, Indianapolis

Listing courtesy of CENTURY 21 Scheetz.

5944 S Karen Drive, Indianapolis
$235,500
3 Beds ⋅ 2 Baths
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, Indianapolis

Listing courtesy of CENTURY 21 Scheetz.

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