Cheap homes for sale & real estate in 46131, IN

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ABOUT THIS HOME
Cheap Home for sale in 46131, IN:
Quiet Country Living at an Affordable Price! Enjoy lower utility bills with this 2 Bed/1 Bath starter/transition home. Located in the southern outskirts of Johnson County nestled on a long half-acre lot (part of it fully fenced). No HOA and No Down Payment USDA Financing Eligible!

$194,000

2 beds1 bath1,006 sq ft

4621 S 537 E, Franklin, IN 46131

Fully fenced • Lower utility bills • Long half-acre lot

3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in 46131, IN:
Discover a rare opportunity to own 5.64 acres in the heart of Franklin, offering the perfect balance of peaceful country living and everyday convenience. Tucked away among mature trees, this unique property provides exceptional privacy while remaining just minutes from downtown Franklin, local shopping, restaurants, parks, and Franklin College. The home offers a warm, inviting layout with endless possibilities to make it your own. A full unfinished basement provides tremendous potential for additional living space, a recreation room, workshop, home gym, or abundant storage-allowing you to expand and customize the home to fit your needs for years to come. Outside, the possibilities are just

$325,000

3 beds2 baths2,080 sq ft

915 S Home Ave, Franklin, IN 46131

5.64 acres • Wooded surroundings • Fire pit

OPEN SAT, 2PM TO 4PM

ABOUT THIS HOME
Cheap Home for sale in 46131, IN:
Welcome Home! This beautifully maintained, turnkey property is ready for its next family to enjoy. With only one proud owner, this home features 4 spacious bedrooms plus a loft, a new powervent water heater (installed just last year), and laminate flooring throughout-including the stairs and bedrooms! Fresh paint brightens many areas, and the fully fenced backyard with a wooden deck is perfect for relaxing or entertaining. The community perks? Absolutely next level. You'll have access to a pool, playgrounds, a fitness center, tennis courts, and basketball courts. It is everything you need for fun, fitness, and neighborly connection right outside your front door!

$315,000

4 beds2.5 baths2,306 sq ft

948 Brookshire Dr, Franklin, IN 46131

Laminate flooring • Access to pool • Wooden deck

ABOUT THIS HOME
Cheap Home for sale in 46131, IN:
Spacious, well taken care of home in a great area. New kitchen countertops, kitchen appliances, and some new light fixtures. Wood baseboards and doors. 3rd Car garage is behind the 2-car garage.

$330,000

3 beds2 baths1,628 sq ft

909 N Shore Blvd, Franklin, IN 46131

Kitchen appliances • Wood doors • Wood baseboards

3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in 46131, IN:
Discover the allure of 1931 Mach LN, a single-family residence built in 2017, offering 2437 square feet of living space in great condition. This attractive property in FRANKLIN, IN, presents a unique opportunity for sophisticated living, blending traditional architectural style with modern comfort. This spacious home features four comfortable bedrooms, providing ample private retreats. Complementing these are two full bathrooms and an additional half bathroom, designed for convenience and ease. With two stories, this residence offers a thoughtful layout, separating living and private spaces. The integrated garage provides secure parking and additional storage solutions. Embrace the opportun

$350,000

4 beds2.5 baths2,437 sq ft

1931 Mach Ln, Franklin, IN 46131

9,409 sq ft lot • 2 garage spots • Built 2017

Property at 2063 Pelican, Franklin, IN 46131, 2 beds, 1.5 baths

$220,000

2 beds1.5 baths1,182 sq ft

2063 Pelican, Franklin, IN 46131

Property at 1547 Pine Cir, Franklin, IN 46131, 6 beds, 3.5 baths

$435,449

6 beds3.5 baths3,420 sq ft

1547 Pine Cir, Franklin, IN 46131

Property at 3151 E 150 S, Franklin, IN 46131, 3 beds, 2.5 baths

$335,000

3 beds2.5 baths2,332 sq ft

3151 E 150 S, Franklin, IN 46131

Property at 690 E Jefferson St, Franklin, IN 46131, 5 beds, 2 baths

$334,000

5 beds2 baths5,184 sq ft

690 E Jefferson St, Franklin, IN 46131

Property at 725 Lake Shore Rd, Franklin, IN 46131, 3 beds, 2 baths

$275,000

3 beds2 baths1,394 sq ft

725 Lake Shore Rd, Franklin, IN 46131

Property at 2316 Bristol Dr, Franklin, IN 46131, 3 beds, 2 baths

$244,000

3 beds2 baths1,313 sq ft

2316 Bristol Dr, Franklin, IN 46131

Property at 925 Harbon Dr, Franklin, IN 46131, 3 beds, 2.5 baths

$223,000

3 beds2.5 baths1,756 sq ft

925 Harbon Dr, Franklin, IN 46131

Property at The Perry Plan, Franklin, IN 46131, 3 beds, 2 baths

$415,900

3 beds2 baths1,850 sq ft

The Perry Plan, Franklin, IN 46131

Listing provided by Zillow

Property at 196 E Madison St Unit B, Franklin, IN 46131, 3 beds, 2 baths

$385,000

3 beds2 baths1,828 sq ft

196 E Madison St Unit B, Franklin, IN 46131

Property at 4067 Dogwood Ct, Franklin, IN 46131, 3 beds, 2.5 baths

$275,000

3 beds2.5 baths2,670 sq ft

4067 Dogwood Ct, Franklin, IN 46131

Property at Cortland II Plan, Franklin, IN 46131, 4 beds, 3 baths

$398,900

4 beds3 baths2,278 sq ft

Cortland II Plan, Franklin, IN 46131

Listing provided by Zillow

Property at 2273 Bridlewood Dr, Franklin, IN 46131, 3 beds, 2 baths

$260,000

3 beds2 baths1,370 sq ft

2273 Bridlewood Dr, Franklin, IN 46131

Property at 1349 Fiesta Dr, Franklin, IN 46131, 3 beds, 2.5 baths

$270,000

3 beds2.5 baths1,709 sq ft

1349 Fiesta Dr, Franklin, IN 46131

Property at 1081 Fairlane Ct, Franklin, IN 46131, 3 beds, 2.5 baths

$275,000

3 beds2.5 baths1,480 sq ft

1081 Fairlane Ct, Franklin, IN 46131

Property at 1214 Harvest Ridge Cir, Franklin, IN 46131, 4 beds, 2.5 baths

$289,000

4 beds2.5 baths1,980 sq ft

1214 Harvest Ridge Cir, Franklin, IN 46131

Property at 1528 Covington Blvd, Franklin, IN 46131, 5 beds, 3.5 baths

$449,000

5 beds3.5 baths3,054 sq ft

1528 Covington Blvd, Franklin, IN 46131

Property at 2003 Falcon Ct, Franklin, IN 46131, 4 beds, 2.5 baths

$225,000

4 beds2.5 baths1,519 sq ft

2003 Falcon Ct, Franklin, IN 46131

Property at The Gibson Plan, Franklin, IN 46131, 3 beds, 2.5 baths

$398,900

3 beds2.5 baths2,257 sq ft

The Gibson Plan, Franklin, IN 46131

Listing provided by Zillow

Property at 2122 Bridlewood Dr, Franklin, IN 46131, 3 beds, 2.5 baths

$260,000

3 beds2.5 baths2,062 sq ft

2122 Bridlewood Dr, Franklin, IN 46131

Property at 3795 Flora Dr, Franklin, IN 46131, 5 beds, 3 baths

$383,680

5 beds3 baths2,736 sq ft

3795 Flora Dr, Franklin, IN 46131

Property at 955 Graham St, Franklin, IN 46131, 3 beds, 2 baths

$239,900

3 beds2 baths2,024 sq ft

955 Graham St, Franklin, IN 46131

Property at 420 S Main St, Franklin, IN 46131, 2 beds, 1 bath

$209,900

2 beds1 bath900 sq ft

420 S Main St, Franklin, IN 46131

Property at 783 N Shore Blvd, Franklin, IN 46131, 4 beds, 3 baths

$389,900

4 beds3 baths3,250 sq ft

783 N Shore Blvd, Franklin, IN 46131

Property at 3707 Hanford Rd, Franklin, IN 46131, 5 beds, 3.5 baths

$418,782

5 beds3.5 baths3,020 sq ft

3707 Hanford Rd, Franklin, IN 46131

Property at 1067 Taurus Ln, Franklin, IN 46131, 3 beds, 2 baths

$284,000

3 beds2 baths1,662 sq ft

1067 Taurus Ln, Franklin, IN 46131

Property at 2076 Gosling Ct, Franklin, IN 46131, 3 beds, 2.5 baths

$402,415

3 beds2.5 baths2,257 sq ft

2076 Gosling Ct, Franklin, IN 46131

Property at 275 E Madison St, Franklin, IN 46131, 4 beds, 4 baths

$389,000

4 beds4 baths2,280 sq ft

275 E Madison St, Franklin, IN 46131

Property at 551 E Adams St, Franklin, IN 46131, 2 beds, 1 bath

$300,000

2 beds1 bath1,894 sq ft

551 E Adams St, Franklin, IN 46131

Property at 1083 Aries Blvd, Franklin, IN 46131, 4 beds, 3 baths

$363,900

4 beds3 baths2,399 sq ft

1083 Aries Blvd, Franklin, IN 46131

Property at Johnstown II Plan, Franklin, IN 46131, 5 beds, 3.5 baths

$429,900

5 beds3.5 baths3,062 sq ft

Johnstown II Plan, Franklin, IN 46131

Listing provided by Zillow

Property at 1004 Wild Ivy Trl, Franklin, IN 46131, 2 beds, 2 baths

$214,900

2 beds2 baths1,236 sq ft

1004 Wild Ivy Trl, Franklin, IN 46131

Property at 1199 Saticoy Ct, Franklin, IN 46131, 5 beds, 3 baths

$349,999

5 beds3 baths2,335 sq ft

1199 Saticoy Ct, Franklin, IN 46131

Property at 2706 Muirfield St, Franklin, IN 46131, 4 beds, 2.5 baths

$391,358

4 beds2.5 baths2,346 sq ft

2706 Muirfield St, Franklin, IN 46131

Property at 1191 N Aberdeen Dr, Franklin, IN 46131, 3 beds, 2.5 baths

$259,900

3 beds2.5 baths2,035 sq ft

1191 N Aberdeen Dr, Franklin, IN 46131

Property at 107 Weber Ct, Franklin, IN 46131, 3 beds, 2 baths

$254,900

3 beds2 baths1,337 sq ft

107 Weber Ct, Franklin, IN 46131

Property at 1644 Covington Blvd, Franklin, IN 46131, 5 beds, 3 baths

$398,780

5 beds3 baths3,054 sq ft

1644 Covington Blvd, Franklin, IN 46131

Listing provided by Zillow

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Based on information submitted to the MLS GRID as of Thu Oct 08 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Cheap Homes for Sale in 46131

There are currently 136 cheap homes for sale in 46131 at a median listing price of $335K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 46131 stay on the market for 47 days and receive 1 offers. This map is refreshed with the newest listings in 46131 every 15 minutes.

In the past month, 45 homes have been sold in 46131. In addition to houses in 46131, there were also 4 condos, 1 townhouse, and 3 multi-family units for sale in 46131 last month. Find your dream home in 46131 using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in 46131 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 46131. If you're looking to sell your home in the 46131 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 46131 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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