Frankfort Homes under $150,000

Welcome to Frankfort, Indiana—an inviting city nestled in the heart of Clinton County, where small-town charm meets modern convenience. Known for its rich history and vibrant community spirit, Frankfort is a place where neighbors become friends and families thrive. With a population of just over 16,000, this delightful city offers a warm atmosphere and a slower pace of life, making it an ideal location for those seeking both comfort and community.

Frankfort boasts a variety of parks, recreational facilities, and local events that cater to residents of all ages. Whether you're exploring the scenic trails at the local parks or enjoying a weekend festival, there’s always something happening in this close-knit community. The city is also home to excellent schools, making it a great place for families looking to settle down.

For those on a budget, Frankfort offers an array of charming homes priced under $150,000, making homeownership attainable for first-time buyers and those looking to invest. Whether you’re searching for a cozy bungalow or a spacious family home, you'll find a diverse selection of properties that fit your needs without breaking the bank.

With its affordable housing options, friendly atmosphere, and rich local culture, Frankfort, IN is not just a place to live—it's a place to call home. Explore the possibilities today and discover why so many are choosing to make Frankfort their forever home!

Newest Frankfort Homes under $150,000

$149,000

3 Beds ⋅ 2 Baths ⋅ 202636903 MLS ⋅ 955 SqFt. ⋅ Scott Irons

Complete Remodel on this nice three bedroom, one and a half bath home! This one has been redone from top to bottom and turned out really well. This home has a brand new kitchen, new walls and paint, new lighting, new siding, a new roof, new doors, and two new bathrooms. So if you are looking for an affordable home that is move in ready, this one is for you! Come by and check this one out right away. New gutters will be installed before closing.

453 Delphi Ave, Frankfort

Listing courtesy of Scott Irons from Snyder Strategy Realty, Inc.

$129,000

2 Beds ⋅ 1 Baths ⋅ 202636376 MLS ⋅ 864 SqFt. ⋅ Jessica LaMar

814 W Boone St is located in the town of Frankfort and offers 864 square feet of space. The home features an open concept layout, 2 bedrooms, 1 bathroom, and fenced in back yard. You'll find newer mechanicals within the last few years as well as newer stainless steel appliances,

814 W Boone St, Frankfort

Listing courtesy of Jessica LaMar from Raeco Realty.

$85,000

2 Beds ⋅ 1 Baths ⋅ 202635852 MLS ⋅ 960 SqFt. ⋅ Ryan Dilley

Opportunity for the experienced investor or renovator! This 2-bedroom, 1-bath home offers approximately 960 square feet of living space plus a partial unfinished basement and an 8x12 storage shed. Hardwood flooring remains in portions of the home, and the property offers an opportunity for a substantial renovation or redevelopment project. Property is in need of extensive repairs and is being sold as-is. Cash or renovation financing strongly preferred; property condition may prevent qualification for conventional financing. Buyer to conduct all desired inspections and independently verify property condition, utilities, and suitability for intended use.

507 E Mcclurg St, Frankfort

Listing courtesy of Ryan Dilley from Trueblood Real Estate. Agt: 765-412-6761

$108,000

2 Beds ⋅ 1 Baths ⋅ 202634101 MLS ⋅ 928 SqFt. ⋅ June Palmer

This 2-bedroom, 1-bath bungalow-style home offers an opportunity for renovation and investment in an established city neighborhood. The property features a full basement providing additional storage and potential usable space. The home requires substantial repairs and updates, making it well suited for an investor, contractor, or buyer looking for a renovation project. The property shares a driveway and garage with 1306 E Washington St. Buyers should verify all shared-access, parking, and property-use details during their due diligence. The property is being offered in its current condition.

1310 E Washington St, Frankfort

Listing courtesy of June Palmer from Raeco Realty.

$119,900

2 Beds ⋅ 1 Baths ⋅ 202630896 MLS ⋅ 856 SqFt. ⋅ John Bradley

2-bedroom, 1-bath bungalow offering easy, low-maintenance living in Frankfort! With no HOA. Situated on a large lot with a detached 1-car garage, this home has seen many updates through the years including siding, roof, windows, and kitchen improvements. With a little TLC and cosmetic finishing touches, this property offers a wonderful opportunity to make it your own. Affordable, manageable, and full of potential!

1051 John St, Frankfort

Listing courtesy of John Bradley from Traditions Realty, LLC.

$139,900

2 Beds ⋅ 1 Baths ⋅ 202616990 MLS ⋅ 1,104 SqFt. ⋅ Brandi Shaw

Charming corner-lot home with character, space, and flexibility! This 2-bedroom, 1-bath home features a welcoming covered front porch, perfect for relaxing and enjoying your morning coffee. Inside, you’ll find a large open-concept living area with soaring ceilings and oversized windows that fill the space with natural light. The main level also offers a separate laundry room for added convenience. Upstairs are two bedrooms, which would also make a great home office, loft, bonus space, nursery, or cozy retreat. Outside, enjoy the partially fenced backyard ideal for pets, entertaining, or relaxing, along with a 1-car detached garage for extra storage and parking. A unique layout with plenty of charm and potential

358 Sims St, Frankfort

Listing courtesy of Brandi Shaw from Indiana Realty Group. Cell: 765-543-2094

$82,000

3 Beds ⋅ 1 Baths ⋅ 202621919 MLS ⋅ 1,652 SqFt. ⋅ Lauren Alexander

Exciting opportunity with major updates already completed! Renovations have begun and include all-new flooring, refinished hardwood floors, a brand-new furnace and ductwork ready for future central A/C, an updated walk-in shower, new lower kitchen cabinets, and updated plumbing. Located on a corner lot just a short walk from downtown amenities, this home is ready for its next owner to complete the finishing touches and make it their own. Shared garage with the rear neighboring property. Cash or conventional financing only. Sold as-is.

358 S Columbia St, Frankfort

Listing courtesy of Lauren Alexander from Encore Sotheby's International.

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of 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. Some listings have been excluded from this website.