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Franklin, IN Townhomes for Sale

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    $650,000 New Construction

    • 3 Beds
    • 3 Baths
    • 2,363 Sq Ft

    178 S Water St Unit F, Franklin, IN 46131

    Newkirk Square Townhomes is the perfect mix of elegance, modernism, and classical upscale housing. Newkirk Square phase 1 is low maintenance luxury living with attached 2-car rear load garages for easy access. The townhome is dressed with brick and stone adding to its rich architectural style. These upscale townhomes featured in the heart of Downtown Franklin are within walking distance to all

    Tanya Smythe Smythe & Co, Inc

    178 S Water St Unit F, Franklin, IN 46131
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    $725,000 New Construction

    • 3 Beds
    • 3 Baths
    • 2,616 Sq Ft

    98 E Wayne St Unit D, Franklin, IN 46131

    Newkirk Square Townhomes is the perfect mix of elegance, modernism, and classical upscale housing! This Custom Luxury Townhome is 3 Bedrooms 3 1/2 bath with attached 2-car rear load garages for easy access. Exterior is dressed with brick and stone adding to its rich architectural style. These upscale townhomes featured in the heart of Downtown Franklin are within walking distance to all

    Tanya Smythe Smythe & Co, Inc

    98 E Wayne St Unit D, Franklin, IN 46131
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    $629,000 New Construction

    • 2 Beds
    • 3 Baths
    • 2,363 Sq Ft

    82 E Wayne St Unit C, Franklin, IN 46131

    JUST COMPLETED-MOVE IN READY! Newkirk Square Townhomes is the perfect mix of elegance, modernism, and classical upscale housing. This home features OPEN concept great room, dining, kitchen with volume ceilings. Two car attached FINISHED garage with storage area. This UPSCALE CUSTOM Townhome, featured in the heart of downtown Franklin, is within walking distance to all things downtown,

    Tanya Smythe Smythe & Co, Inc

    82 E Wayne St Unit C, Franklin, IN 46131

Why Live in Franklin

Franklin, a small college town at the southeast edge of Greater Indianapolis, is surrounded by farmland and offers a unique blend of historic charm and modern amenities. Located about 25 miles southeast of downtown Indianapolis, Franklin is easily accessible via Interstate 65, making it a convenient commute to the city. The presence of Franklin College, a private liberal arts institution, adds a distinctive vibe to the community. The neighborhood features a mix of home styles, from historic bungalows and Victorian-era houses along Jefferson Street to mid-century and traditional single-family homes near downtown, and larger contemporary custom homes in subdivisions further out. The Franklin Community School Corporation serves most students and is highly rated. Franklin's downtown area is vibrant with local shops, restaurants, and attractions like The Historic Artcraft Theatre, which hosts vintage movie screenings and the Torchfire Film Festival. Public art, including murals and installations like Artcraft Alley and Kuji Alley, are city signatures. Franklin boasts 13 parks and the 17-mile-long Franklin Greenway Trail, with Youngs Creek Park being a central hub for community events. The city has taken measures to mitigate flooding risks following a historic flood in 2008. Franklin's crime rates are lower than the national average, contributing to its appeal as a safe and welcoming community. Public transportation is available on weekdays, and the city is just under 35 miles from Indianapolis International Airport.

Home Trends in Franklin, IN

Housing Trends

Median Sale Price
$297,967
Median Single Family Sale Price
$308,997
Median Townhouse Sale Price
$217,500
Median 2 Bedroom Sale Price
$290,000
Average Price Per Sq Ft
$176
Number of Homes for Sale
122
Last 12 months Home Sales
458
Months of Supply
3.20
Median List Price
$322,497
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
10%
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