Franklin Homes under $500,000

Welcome to Franklin, Ohio, a hidden gem nestled in the heart of Warren County! This charming city boasts a rich history, vibrant community, and an array of amenities that make it an ideal place to call home. With its small-town charm and close-knit feel, Franklin offers residents a welcoming atmosphere while still being conveniently located near larger urban centers like Dayton and Cincinnati.

Franklin is known for its beautiful parks, scenic walking trails, and family-friendly activities. The city hosts numerous community events throughout the year, fostering a strong sense of belonging among its residents. Whether you’re exploring the picturesque Franklin City Park or enjoying a weekend at the local farmer’s market, you’ll find plenty of opportunities to connect with your neighbors and enjoy the great outdoors.

For those seeking affordable housing options, Franklin truly shines. With a diverse selection of homes available for under $500,000, this city offers a variety of choices to fit any lifestyle. From charming single-family homes with spacious yards to modern townhouses, there’s something for everyone. These properties provide an excellent opportunity for first-time homebuyers, growing families, or those looking to downsize without sacrificing quality or comfort.

Living in Franklin means you can enjoy a balanced lifestyle—affordable housing, excellent schools, and a strong sense of community—all while being just a short drive away from the excitement of big city life. Discover your dream home in Franklin, where comfort meets convenience, and start creating lasting memories in this delightful Ohio city!

Newest Franklin Homes under $500,000

$198,500

4 Beds ⋅ 2 Baths ⋅ 970822 MLS ⋅ Christy Stamper

Storybook Charm Meets Modern Living! This adorable A-frame is a dollhouse you'll fall in love with. From its charming front porch to the darling built-in bookshelves and custom kitchen banquette with added storage, every detail adds to its character. Featuring 4 bedrooms, 2 full baths, and 2 flex rooms this home has been completely renovated from top to bottom. Enjoy the peace of mind of all new HVAC, plumbing, wiring, flooring, kitchen, and bathrooms, plus LVP and new carpet. Be apart of the citys new walkable downtown, with shopping and restaurants just mins away. This little gem is ready for you to unpack, settle in, and make it home! Please rely on your own measurements/ agent owned.

1005 S River Street, Franklin

Courtesy of Christy Stamper and Coldwell Banker Heritage

$179,900

3 Beds ⋅ 1 Baths ⋅ 970704 MLS ⋅ Paul Ostermann

3 bedroom brick ranch, attached garage, dining room, near schools, owner will soon be remodeling bathroom and replacing flooring. Then price will go up.

771 Martha Drive, Franklin

Courtesy of Paul Ostermann and Coldwell Banker Heritage

$224,999

3 Beds ⋅ 2 Baths ⋅ 970583 MLS ⋅ Rachele Pence

Step into the charm of this 1901 farmhouse nestled in the heart of Franklin! This 3-bedroom, 2-full-bath home blends timeless character with thoughtful updates, including a new roof, updated bathrooms, and newer carpet. The convenient first-floor primary bedroom offers easy everyday living, while the sunroom provides the perfect spot to relax, sip your morning coffee, or enjoy the view of the expansive backyard. Outside, you’ll find a huge fenced-in yard with plenty of room to entertain, play, garden, or let the pets roam, plus a charming little pond with a waterfall that adds a peaceful touch to the outdoor space. A detached garage and large driveway provide plenty of parking and additional storage. Full of character, space, and charm, this Franklin farmhouse is ready to welcome its next owners home!

628 S Main Street, Franklin

Courtesy of Rachele Pence and RE/MAX Victory + Affiliates

$215,000

3 Beds ⋅ 1 Baths ⋅ 970592 MLS ⋅ Melissa Neace

Beautiful landscaping and inviting outdoor spaces give this charming 3-bedroom Cape Cod standout curb appeal from the moment you arrive. The main level features two bedrooms, a full bath, comfortable living space, and a dedicated dining room. Upstairs, you’ll find the third bedroom along with a separate office, offering great flexibility for working from home or additional space to fit your needs. Relax on the covered front porch or enjoy the privacy of the fenced backyard and covered patio—perfect for quiet evenings or entertaining. A two-car detached garage provides plenty of parking and storage. Tucked away on a dead-end street, this home offers charm, privacy, and beautiful outdoor spaces you’ll love!

212 W 8th Street, Franklin

Courtesy of Melissa Neace and Irongate Inc.

$189,900

4 Beds ⋅ 3 Baths ⋅ 970596 MLS ⋅ Paul Ostermann

Large 4 bedroom, large rooms, new windows, newer HVAC

30 W 2nd Street, Franklin

Courtesy of Paul Ostermann and Coldwell Banker Heritage

$117,000

1 Beds ⋅ 1 Baths ⋅ 970412 MLS ⋅ Paul Ostermann

Under $100,000, great for investor. Off street parking. Possible 2nd bedroom.

312 Hill Avenue, Franklin

Courtesy of Paul Ostermann and Coldwell Banker Heritage

$380,000

3 Beds ⋅ 3 Baths ⋅ 970230 MLS ⋅ Amanda J Leach

Don't let the front of this home fool you! There's over 2,500 sq. ft. of finished living space waiting inside! Located in Wilson Farms, this home offers an open main level with a split-bedroom floor plan, giving the private primary suite its own side of the home. The spacious kitchen features bar seating and opens to the great room with a gas fireplace and access to the rear deck. The primary suite includes a large walk-in closet, while plenty of additional storage can be found throughout the home. The finished walkout basement adds an incredible amount of living and entertaining space with a 26x34 recreation room, 9-ft. ceilings, partial second kitchen, full bathroom, workshop and plenty of storage, perfect for hosting family and friends, game days or creating additional living space. Outside, enjoy a fenced backyard with a storage shed with electric and peaceful, nature-filled views overlooking more than an acre of green space. With a 2-car attached garage, raised laundry station with storage below and a layout that feels open and spacious, this home offers much more than you would ever expect from the curb!

3609 Madison Grace Way, Franklin

Courtesy of Amanda J Leach and Keller Williams Community Part

$239,999

3 Beds ⋅ 1 Baths ⋅ 969447 MLS ⋅ Jennifer Dietrich

Welcome home to this classic red brick architecture and a welcoming front porch that sets a serene tone for this single-story residence. The covered entryway provides a shaded transition into the home, where warmth and charm are immediately present when you walk into an open layout that seamlessly connect the primary living areas. Inside, the kitchen features white cabinetry, dark countertops, a classic subway tile backsplash, and a suite of appliances including a range, dishwasher, microwave, and refrigerator. The home offers three bedrooms, each grounded by beautiful flooring and equipped with ceiling fans. A full bathroom presents beadboard walls and a single vanity, while a dedicated laundry zone features functional workspace and upper cabinetry. The garage has been converted into a recreation room, providing an indoor gathering space that is the perfect place to entertain friends and family during game days! This room adds 368 sq ft of versatile space to the home OR turn the space back into a garage! This large room leads directly outside to the absolutely stunning exterior features of the property. Outside, a extra large wooden deck measuring 24x14 overlooks a 1.12-acre lot defined by mature trees, rolling lawns, and a storage shed. This back yard is one you have to see in person!! The exterior of the home is finished with a combination of brick and vinyl siding, and includes a driveway for extra parking. Updates include: roof on house, roof on shed, flooring, kitchen cabinets, exterior paint on house, exterior paint on back porch, exterior paint on shed, front porch outdoor carpet, new bath/shower insert, attached garage remodel to extra living space, kitchen lighting update, electrical light switched and outlet replaced. Schedule a time to explore the functional spaces and tranquil acreage of this Franklin property.

4318 Pennyroyal Road, Franklin

Courtesy of Jennifer Dietrich and Irongate Inc.

$209,000

3 Beds ⋅ 1 Baths ⋅ 970109 MLS ⋅ Sonu Singh

Adorable,affordableone story home with front porch charm that is bigger than its decription. freshly painted.big yard with rear deck.

221 Bridge Street, Franklin

Courtesy of Sonu Singh and Glasshouse Realty Group

$214,900

3 Beds ⋅ 1 Baths ⋅ 969156 MLS ⋅ Kyle Strasburger

Welcome to this three-bedroom, ranch home in the Carlisle area, set on a spacious 0.61-acre lot. Inside, the living room features a step down from the kitchen , a brick floor to ceiling fireplace with glass doors and is open to the dining area and kitchen. Enjoy the hardwood floors throughout An enclosed porch offers extra space to relax while overlooking the backyard. You’ll also find a convenient laundry area, a storage shed, and plenty of outdoor room in the large back yard to garden or entertain. It offers great landscaping also. A newer roof and a/c adds to the appeal. Schedule your showing and see the possibilities for yourself!

7819 Lyn Drive, Franklin

Courtesy of Kyle Strasburger and M R Real Estate

$293,000

3 Beds ⋅ 3 Baths ⋅ 968327 MLS ⋅ Kerin Campbell

Cute, updated, and ready to impress! This move-in-ready three-bedroom home in Franklin Landing offers the perfect combination of style, comfort, and peace of mind. Located at the end of the street with a private fenced in yard, this home is one you’ll want to see before it’s gone! Inside, you’ll find neutral paint and updated light fixtures throughout, creating a fresh, welcoming feel. The bright white kitchen features stainless steel appliances, all of which convey with the home. Upstairs, three bedrooms and two updated full bathrooms provide plenty of comfortable living space. The spacious primary suite includes a walk-in closet and a beautifully updated ensuite bath. Buyers will appreciate the peace of mind that comes with several important updates: water heater (2021), furnace and A/C (2019) and garage door (2022). The Franklin Landing HOA adds even more to the appeal, offering walking paths, a pond, play area, and basketball court. HOA dues are paid semi-annually. Cute, comfortable, updated, and ready for its next owner—come see all this charming Franklin Landing home has to offer!

71 Lakeview Drive, Franklin

Courtesy of Kerin Campbell and Howard Hanna Real Estate Serv

$149,900

2 Beds ⋅ 1 Baths ⋅ 968640 MLS ⋅ Melissa Bolser

Updated and move in ready. This 2 bedroom, 1 bath home offers recent cosmetic updates including new flooring, paint, lighting, and a refreshed bathroom. Some of the major mechanicals have already been addressed with a new roof, newer furnace and hot water heater. Storage shed included. A great opportunity for an owner occupant or investor

715 South Avenue, Franklin

Courtesy of Melissa Bolser and Sibcy Cline, Inc.

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