Franklin-In County Homes under $200,000

Welcome to Franklin County, Indiana, a hidden gem nestled in the heart of the Midwest. Known for its picturesque landscapes and friendly communities, Franklin County offers a perfect blend of small-town charm and modern conveniences. With its lush parks, scenic trails, and vibrant local culture, this county is an ideal place for families, retirees, and anyone seeking a peaceful yet engaging lifestyle.

One of the standout features of Franklin County is its affordability in the housing market. For those looking to find a home under $200,000, the options here are both plentiful and appealing. From cozy single-family homes to charming bungalows, you can discover a range of properties that fit various lifestyles and budgets. Many homes in this price range boast inviting yards, spacious interiors, and a warm sense of community, making them perfect for first-time buyers or those looking to downsize.

Franklin County is also home to excellent schools, local shops, and delightful dining options, ensuring that residents have everything they need just a stone's throw away. With easy access to major highways, commuting to nearby cities is a breeze, allowing you to enjoy the tranquility of country living without sacrificing convenience.

Embrace the opportunity to plant roots in Franklin County, where your dream home awaits at an unbeatable price. Whether you're searching for a starter home or a quaint retreat, this charming county has something for everyone. Explore the possibilities today and discover why Franklin County is the perfect place to call home!

Newest Franklin-In County Homes under $200,000

$150,000

2 Beds ⋅ 2 Baths ⋅ 1879558 MLS

Enjoy peaceful country living in this well-cared-for manufactured home situated on approximately 1 acre overlooking the neighboring woods. This one-level home offers a spacious kitchen with plenty of room for cooking and gathering, along with a large primary suite featuring an attached full bath. Currently configured as a 2-bedroom home, the office could easily be converted into a 3rd bedroom by adding a separation wall from the living room if desired. Recent updates include a newer metal roof, and the blacktop driveway adds convenience and curb appeal. Outside, the detached garage and two storage sheds provide abundant space for vehicles, storage, hobbies, or a workshop area. A great opportunity for comfortable living with room to spread out both inside and out!

14246 State Road 1, Brookville

$165,000

1883883 MLS

Looking for an investment opportunity near Brookville Lake? This income producing duplex offers the perfect blend of income potential and peaceful surroundings. Nestled alongside a beautiful stream, the property provides a serene setting that tenants will appreciate while remaining just minutes from Brookville Lake and its year-round recreation. Ideal for long-term rentals, short-term vacation rentals, or owner occupancy with supplemental rental income. Tenants will enjoy ample parking, access to a versatile barn/outbuilding for additional storage or hobby space, and the relaxing natural surroundings. Whether you're looking to expand your investment portfolio or offset your mortgage with rental income, this property offers exceptional flexibility. Agent owned.

10034 State Road 1, Brookville

$70,000

2 Beds ⋅ 1 Baths ⋅ 1866307 MLS

Enjoy the peace and privacy of country living with this home situated on a proposed 1 +/- acre parcel. This is an estate property being sold AS-IS, WHERE-IS, offering a great opportunity for buyers looking for a project with potential. Surrounded by open space and rural views, this home provides the perfect setting for someone wanting to create their own country retreat. Whether you're an investor, renovator, or a buyer ready to put in some work, this property offers room to grow and the chance to add value while enjoying a quiet rural lifestyle. Acreage is subject to final survey and approval. Lines on images are for visual reference only. Up to 87+/- acres additional land available behind the house and listed separately.

17223 Mcguire Ridge Road, Metamora

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than our company are marked with the Broker Reciprocity™ logo (the small house as shown to the left) and detailed information about them includes the name of the listing brokers. This data is up-to-date as of . Copyright 2026, MLS of Greater Cincinnati, Inc. All rights reserved. Information deemed reliable but not guaranteed.