Franklin Homes under $200,000

Welcome to Franklin, a charming city nestled in the heart of Tennessee, where southern hospitality meets modern living. Known for its rich history and vibrant culture, Franklin boasts a picturesque downtown area filled with unique boutiques, delightful eateries, and a lively arts scene. With its historic architecture and beautiful parks, this city offers a perfect blend of small-town charm and urban convenience.

For those seeking affordable housing options, Franklin has an exciting range of homes under $200,000. These properties present a fantastic opportunity for first-time homebuyers, investors, or anyone looking to downsize without compromising on quality of life. Whether you’re searching for a cozy bungalow, a quaint cottage, or a spacious townhouse, Franklin’s real estate market has something to suit every taste and budget.

Living in Franklin means being surrounded by lush landscapes and a strong sense of community. Residents enjoy access to top-rated schools, numerous recreational facilities, and a variety of local events that bring neighbors together. The city’s close-knit atmosphere is complemented by its proximity to Nashville, allowing for easy access to the vibrant music scene and employment opportunities just a short drive away.

In Franklin, you’ll discover that homeownership is not just a dream but an attainable reality. With homes under $200,000, you can invest in your future while enjoying all the benefits this delightful city has to offer. Explore the possibilities and find your perfect home in Franklin today!

Newest Franklin Homes under $200,000

$165,000

1 Beds ⋅ 1 Baths ⋅ 5112235 MLS

This house was built in 1830, and accordingly has need for some updating. It has the kinds of quirks you would expect from such an old home- sloping floors, low ceilings, and a need for some TLC. It also has a good deal of charm- it is essentially a cottage, right out of a story book. If a quaint home with potential, (and 2 acres of land land) appeals to you, this could be your dream home. It is located in a country setting, but only a roughly 5 minute ride from Franklin's up and coming downtown. Some of the issues you will encounter: the owner estimates that it has a 75 amp fuse box. The roof was re-done about 25 years ago, and while it hasn't leaked, it does need some work. The septic has never had an issue yet, but it is pre-1988. The windows are very old, wood framed, single paned. There is insulation in the attic, but it would seem there is none in the walls. The house is very old, and has some interesting quirks, but it has been in decent shape for the current renter (who is scheduled to move out in the next week or so). There is city water, and trash collection, high speed internet.

460 Prospect St, Franklin

$97,900

4 Beds ⋅ 1 Baths ⋅ 5112150 MLS

7 room, 4 bedroom, 1 bath house featuring 1844 feet of living space. With a small barn, all located on a 0.75 acre lot. Sold as-is.

4748 Lake Rd, Franklin

$100,000

2 Beds ⋅ 1 Baths ⋅ 5110836 MLS

Plenty of room to develop your ideal retreat minutes from Lake Carmi and the Canadian Border. With St. Albans a short drive away, you have modern conveniences at the ready, while maintaining the rural charm of the area. While the home is in need of major renovations/rehab, it can work as your blueprint for the perfect getaway.

4789 Lake Rd, Franklin

$150,000

5109596 MLS

Single room structure that for over 80 years served as home to the Transfiguration Greek Orthodox Church. There is modest electricity inside but very little else in terms of utilities. It sits on an acre and a half with two curb cuts on the frontage. Conduct due diligence then bring your ideas to expand and repurpose these sturdy bones into a cozy domicile. High vaulted ceilings with exposed cosmetic beams and stained glass windows add a unique charm. Don't be surprised to find a family of deer in the wooded back yard, in the middle of Franklin. Property is currently tax exempt as a place of worship. Pews inside are scheduled for removal but can be negotiated if buyer desires them.

26 S Sulloway St, Franklin

$125,000

1 Beds ⋅ 1 Baths ⋅ 5107971 MLS

4 acre lot with a 24x40 house/garage on a concrete slab. This home is off grid living with a mix of modern conveniences. This home has a drilled well, greywater storage tank and composting toilet. The lower level has an open floor plan with a living kitchen bath. The upper level has a single bedroom. The home has a domestic solar system that charges the battery packs and 2 back up generators are included in the sale. The lot has a year around running spring that feeds a pond. The property has an approved state wastewater permit for a 3 BR house but the mound system has not been built. The grey water holding tank has been installed and is operating. The lot offers great country views of a wooded ridge line and open meadows. This property is on a low traffic street and is a 20 minute drive to St. Albans and 50 minutes drive to Burlington. Occupy this home or build another and use this as a workshop/garage. This could also be great for a seasonal camper lot to land at for the summers and use the well solar grey water holding tank and garage.

305 Richard Rd, Franklin

$184,900

2 Beds ⋅ 3 Baths ⋅ 5097640 MLS

For experienced flippers and investors. The story of this home was interrupted but it still has more life to give! This property is being sold as is. It's clear to see the goals and aspirations that were poured into this location. The first floor has washer and dryer connections. There's a kitchen/dining room area and living room. With space for a primary bedroom and an office with a full bathroom on the main floor. The second floor has a bedroom, a spare room and the beginnings of it's own bathroom with a plumbing already ran upstairs. The basement has the beginnings of a potential ADU with a bathroom already installed. Great potential for relatives to come and visit. ****OPEN HOUSE JULY 4TH FROM 10-12***

91 Munroe St, Franklin

$164,000

3 Beds ⋅ 2 Baths ⋅ 5089275 MLS

3 bedroom 2 bathroom home for sale. Sold as is as seen no warranties. Subject to short sale approval, subject to third party approval. This is a short sale, subject to third-party approval, being sold “As-Is”. a licensed New Hampshire Debt Adjuster, has been retained by the Seller to facilitate short sale and loss mitigation negotiations with lienholders.

30 Hampshire Dr, Franklin

$99,900

1 Beds ⋅ 1 Baths ⋅ 5060520 MLS

It’s always a great time to enjoy your own 3season retreat,possibly longer with the gas heater, added insulation,and great neighbors! Wake to the call of morning birds in this charming camp with lake views and leased ROW access to Lake Carmi, just a short and easy walk away. Perfect for kayaking, canoeing, fishing, or simply relaxing by the water. Set on a spacious leased lot (lease runs through August 2093), the property offers plenty of room for parking at least three vehicles, plus space for lawn games, campfires, BBQs, and gatherings. Inside, you’ll find excellent kitchen storage and a lovely enclosed porch for peaceful mornings or tranquil evenings. The attached shed could be converted into extra sleeping space (pending permits). Recent upgrades include tongue and groove walls and ceilings, a new roof, updated electrical, water heater, gas heater, and a composting toilet making this a move in ready . A potting shed and flower garden area add to the charm. All the buildings could be moved to another location as both the original camp, the addition and the shed could become tiny homes with some adjustments .This fabulous camp sits at the intersection of one of the most sought after Lake Carmi neighborhoods: Hammond Shore and Dewing Road.Very Motivated Seller Make an Offer !

35 Hammond Shore Rd, Franklin

Start Your Search

board logo Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated .