Franklin Homes under $500,000

Welcome to Franklin, a charming city nestled in the heart of Tennessee, just a short drive from the vibrant metropolis of Nashville. Known for its rich history, picturesque landscapes, and a welcoming community, Franklin offers a unique blend of small-town charm and modern conveniences. The city boasts a vibrant downtown area filled with boutique shops, delightful eateries, and a lively arts scene, making it a perfect place to call home or visit.

For those seeking affordable housing options, Franklin presents an incredible opportunity with homes priced under $500,000. This price range opens the door to a variety of delightful properties, from cozy single-family homes to charming townhouses, each exuding character and warmth. Families can find spacious backyards perfect for children and pets, while young professionals may appreciate the proximity to local amenities and the ease of commuting to Nashville.

Franklin’s neighborhoods are known for their friendly atmosphere and strong sense of community. With excellent schools, parks, and recreational facilities, it’s an ideal setting for families looking to settle down. Additionally, the city hosts numerous events throughout the year, fostering a close-knit environment where residents can connect and create lasting memories.

Whether you’re a first-time homebuyer or looking to downsize, Franklin’s real estate market under $500,000 offers an array of options to suit various lifestyles and preferences. Experience the charm of Franklin, where your dream home awaits amidst a backdrop of Southern hospitality and vibrant community spirit. Come explore what makes Franklin not just a place to live, but a place to thrive!

Newest Franklin Homes under $500,000

$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

$415,000

3 Beds ⋅ 2 Baths ⋅ 5111683 MLS

Welcome to 96 Babbitt Road in Franklin! This inviting 3-bedroom, 2-bath home offers an open living area and a comfortable layout designed for everyday living. Built in 1999, the home offers the convenience of a newer construction while providing plenty of opportunity to make the space your own. Situated on a manageable 0.38-acre lot, the property offers a nice balance of outdoor space without the extensive maintenance that comes with a larger parcel. Inside, you’ll find three bedrooms, two bathrooms, and versatile living space that can accommodate a variety of needs. Located in a convenient Franklin location, this home puts you within easy reach of the area’s recreation, shopping, dining, schools, and amenities. Whether you’re a first-time buyer, looking for a move-up home, or simply looking for an affordable place to call home in Central New Hampshire, 96 Babbitt Road is worth a look. Come see what this Franklin home has to offer! Pool pictured has been removed. Open house Saturday 10/3 1-4 PM

96 Babbitt Rd, Franklin

$489,900

3 Beds ⋅ 2 Baths ⋅ 5111411 MLS

NEED SPACE, we have space! 8+ private acres with TONS of Opportunity! Need space for at home business that requires usable land w/ plenty of parking? Check - Need space for horses, goats, chickens with a 4 stall barn? Check - How about a large fenced in yard to keep those pets coralled? Check - You name it - this lot can handle it! BONUS workshop / storage building + 2 car detached garage, all the space you could ask for! Enjoy EZ living in the single level, Ranch style home with 3 Bedrooms, 2 Baths & updated features throughout to include lowerlevel finished area's and additional interior workshop space. Now grab a book and Cozy up on those chilly New England winter nights around the 2 pellet stoves up and downstairs, fantastic alternative heat sources! Great property, Great Price - Don't Miss Out!

246 Hill Rd, Franklin

$377,000

2 Beds ⋅ 1 Baths ⋅ 5111053 MLS

NEW CONSTRUCTION! AT AN AFFORDABLE PRICE! This charming 2-bedroom, 1-bath Ranch offers easy, one-level living in a convenient location. Whether you’re looking for your first home, downsizing for retirement, or seeking a low-maintenance property, this thoughtfully designed home is a great opportunity. Enjoy an open and inviting layout, modern finishes, and the ease of brand-new construction. Conveniently located close to Franklin's quaint downtown, shopping, dining, and golf, you’ll have everyday amenities and recreational opportunities just minutes away. A wonderful combination of comfort, convenience, and affordability!

3 Piper St Unit 112-6, 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

$440,000

3 Beds ⋅ 2 Baths ⋅ 5110367 MLS

Classic New England character, thoughtful updates, and more than four acres come together at 57 Gilman Street. This inviting 3-bedroom, 2-bath home offers the warmth and charm of a classic New England property with beautifully updated spaces for today’s lifestyle. At the heart of the home is the updated kitchen, featuring generous cabinetry, abundant workspace, and extra-deep quartz countertops ideal for cooking, entertaining, and gathering. An updated bathroom and shower add a fresh, modern touch, while a cozy sitting room with pellet stove creates an inviting retreat during the cooler months. Start your mornings with coffee on the charming three-season porch, unwind with a good book, or simply take in the peaceful surroundings. A partially finished walk-up attic provides even more space and storage, while a new boiler installed in 2023 adds another meaningful update. Step outside and you'll quickly see what makes this property so special. More than four acres offer a rare sense of space and privacy, complemented by a large barn with incredible versatility for storage, hobbies, a workshop, recreational equipment, and more. A fenced yard, berry bushes, vegetable garden, and beautiful weeping willow create an idyllic New England setting with room to garden, entertain, play, explore, or simply enjoy the outdoors. And you don't have to sacrifice convenience for the setting. Downtown Franklin, the Northern Rail Trail, Mill City Whitewater Park, Veterans Memorial Recreation Area, and the area's lakes, rivers, hiking, and mountain biking are all nearby. With its character, acreage, expansive barn, modern updates, and room to grow, 57 Gilman Street is more than a home, it’s an opportunity to enjoy the New Hampshire lifestyle you’ve been looking for. Can't make the open houses? Book your private tour today!

57 Gilman St, Franklin

$439,900

5109704 MLS

Behold, a meticulously maintained multi-family residence, elegantly situated in the vibrant core of downtown Franklin, NH. Each charming unit offers a trio of inviting bedrooms, a full bathroom, a formal dining room, a kitchen designed for leisurely dining, and a sunlit front porch for basking in natural light. The interiors are bathed in daylight, courtesy of the abundant windows in every room. Recent enhancements have modernized the primary systems, including a sophisticated wall-mounted hot water boiler, all connected to a single natural gas meter. The second floor, however, is warmed by an oil-fueled steam heating system. Each unit operates its own utilities and is equipped with a 100Amp service circuit breaker panel. Elevated from the street with a retaining wall and front steps, the property also features a sloping driveway, contributing to its grand entrance. Additional amenities comprise a two-car garage, a fenced backyard, and a paved driveway. Investors are encouraged to take notice of this fully occupied property with a robust rental history. It is the investment opportunity you have long sought: a prudent choice for an owner-occupied income property. Please contact us to schedule your private tour today.

670 Central St, Franklin

$359,900

5 Beds ⋅ 2 Baths ⋅ 5109645 MLS

Charming Cape with Endless Possibilities! Step inside this cute and charming 5 bedroom, 1.5 bath Cape and discover a home filled with character, natural light, and an abundance of space. Thoughtfully designed with many built-in features, storage options, and charming details throughout, this home offers plenty of room to make it your own. The first floor features a spacious dining room, inviting living room with beautiful wood flooring, and a bright sunroom filled with amazing natural light and wood floors; an ideal spot to relax, read, or enjoy your morning coffee. The kitchen is bright and cheerful, offering plenty of windows and a great amount of space. A convenient mudroom/entry area provides the perfect place to store coats, shoes, and everyday items before entering the main living space. Two bedrooms are also located on the first floor. Upstairs, the possibilities continue with a wide-open space currently used as a third bedroom, along with two additional bedrooms and another bathroom. With so much room throughout, there are endless options for bedrooms, home office space, hobbies, or whatever best suits your needs. The basement provides additional storage and a convenient laundry area, while the detached one-car garage offers even more storage or workspace. All of this is situated on a large corner lot with plenty of potential. Come see all that this wonderful Cape has to offer!

52 Clark St, Franklin

$349,000

3 Beds ⋅ 2 Baths ⋅ 5109639 MLS

Welcome to 675 Central St, a beautifully maintained 3-bedroom, 2-bathroom home offering 1,590 square feet of comfortable living space in the heart of Franklin, NH. This move-in ready property blends classic character with thoughtful modern updates throughout. Step inside to find gleaming wide plank hardwood floors, professionally refinished to showcase their natural beauty and warmth. The fully updated kitchen features new appliances and finishes, ready for everyday living and entertaining alike. The bathrooms have also been tastefully updated, offering clean, contemporary style. Stay comfortable year-round with a natural gas furnace for efficient central heating, complemented by two wood stoves that add cozy ambiance and a reliable backup heat source — perfect for New Hampshire winters. The house also features a large back date and private backyard with a firepit. Conveniently located near downtown Franklin, this home offers easy access to shopping, dining, and outdoor recreation throughout the Lakes Region. Don't miss this opportunity — schedule your showing today!

675 Central St, 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

$369,900

3 Beds ⋅ 2 Baths ⋅ 5109554 MLS

Welcome to a fully turn-key, move-in-ready home situated in a quiet, highly desirable Franklin neighborhood. Featuring extensive major updates including a brand-new roof and a complete electrical upgrade by a licensed electrician. This low-maintenance home offers ultimate peace of mind. Inside, a spacious unfinished attic and a large unfinished basement provide excellent storage with immense potential for future expansion. Set on an expansive lot with a generous, usable yard, the outdoor space is perfect for relaxing or entertaining, complete with a charming gazebo, two storage sheds, and two garages providing abundant parking. Unbeatably located for convenience and outdoor lovers, you are just minutes from local schools, the hospital, downtown Franklin, Mill City Park, and nearby trails for kayaking, whitewater rafting, and connecting with nature.

140 Victory Dr, 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 .