Frankfort Homes under $500,000

Welcome to Frankfort, Indiana – a delightful gem nestled in the heart of Clinton County! Known for its charming small-town atmosphere, Frankfort offers a rich blend of history, community spirit, and accessibility to modern amenities. With a population that values neighborly connections, this city is an ideal place for families, young professionals, and retirees alike.

Frankfort boasts a variety of parks, recreational facilities, and vibrant local events that foster a sense of community. The city’s historic downtown area is filled with unique shops, cozy cafes, and delightful eateries, making it a perfect spot for leisurely strolls or weekend outings. The annual events, including the Frankfort Hot Dog Festival, showcase the town's lively culture and bring residents together to celebrate.

For those considering making Frankfort their home, you’ll be pleased to discover a range of beautiful properties available for under $500,000. From charming single-family homes to spacious townhouses, there’s something to suit every lifestyle and budget. These homes often feature modern amenities, inviting yards, and are located in friendly neighborhoods, perfect for raising a family or enjoying a peaceful retirement.

With its affordable housing options and a welcoming community, Frankfort is not just a place to live; it’s a place to thrive. Whether you’re drawn to the quaint charm of the city or the promise of a vibrant community, Frankfort, Indiana, is ready to welcome you home. Come explore the possibilities and see why so many are choosing to make this lovely city their own!

Newest Frankfort Homes under $500,000

$250,000

3 Beds ⋅ 1 Baths ⋅ 202641215 MLS ⋅ 1,320 SqFt. ⋅ Margie Snyder

Completely remodeled top to bottom and move-in ready! This 3 bedroom, 1 bath home features a brand new kitchen and bathroom, plus an additional room for a home office, den, or flex space. The updated kitchen boasts a stunning quartz island countertop. A partial basement provides extra storage. Updates include new HVAC system, including furnace and air conditioning, plumbing, electrical, tankless water heater, and flooring. Enjoy a new metal roof on both the home and spacious 2.5 car garage. Updated electrical in the garage--perfect for storage, hobbies, or a workshop. New privacy fence creates a great outdoor space to relax and enjoy. So many updates--you'll want to see this one!

1620 E Washington St, Frankfort

Listing courtesy of Margie Snyder from Raeco Realty.

$498,000

4 Beds ⋅ 1 Baths ⋅ 202640912 MLS ⋅ 2,036 SqFt. ⋅ Jazah Jones

Some properties have a way of making you want to stay awhile. Set on 4.9 acres with mature trees and beautiful landscaping, this 4 bedroom, 1 bath home pairs character with thoughtful updates and room to spread out. The updated kitchen and bathroom complement the home’s warm woodwork, Vinyl wood floors, and inviting living spaces. A standout feature is the spacious screened porch, accessible from both the living room and primary bedroom. Exposed rafters and views of the surrounding greenery make it a beautiful spot for morning coffee or an evening meal. Outside, four outbuildings, covered parking, a shed, and silos add to the property’s appeal, with ample space for equipment, storage, hobbies, and projects. A welcoming home with acreage and an impressive collection of outdoor spaces to put to use.

1062 N Union Rd, Frankfort

Listing courtesy of Jazah Jones from BerkshireHathaway HS IN Realty. Agt: 765-670-9065

$274,900

3 Beds ⋅ 2 Baths ⋅ 202640278 MLS ⋅ 2,857 SqFt. ⋅ Julie Knight

Character galore in this home! Natural woodwork throughout. So much charm in this historic home. You will enjoy all the room that this home offers inside and out. 3 large bedrooms and an office. 2 full baths. Original hardwood flooring throughout (and possibly under the carpet). Newer vinyl windows upstairs. Furnace and AC new in 2017. 2 sheds outside as well as a nice c, overed area for those rainy day exits from the car! Enjoy the sounds of the koi pond with a waterfall (has goldfish in it now). 2 large lots that means you will own a corner lot with 1/2 a block on each street. There are laundry hook-ups on the main floor and in the basement. You will love the gas log fireplace between the living room and sitting room. So much opportunity here, and you need to see it for yourself!

857 E Clinton St, Frankfort

Listing courtesy of Julie Knight from BerkshireHathaway HS IN Realty. Agt: 765-412-0067

$219,900

4 Beds ⋅ 2 Baths ⋅ 202639618 MLS ⋅ 2,301 SqFt. ⋅ Leovardo Lopez

Check out this charming 4-bed, 2-bath, 2-story home offering 2,301 sq ft of comfortable living space. Featuring three fireplaces, main-level laundry, a huge kitchen, separate dining space, a covered front porch, and plenty of character, this home is just a short walk from TPA Park. A wonderful blend of space, charm, and convenience in Frankfort! Book your showing now!

553 N Clay St, Frankfort

Listing courtesy of Leovardo Lopez from ceXp Realty, LLC.

$319,900

3 Beds ⋅ 2 Baths ⋅ 202639534 MLS ⋅ 1,726 SqFt. ⋅ Karen Butcher

Welcome home to this beautifully remodeled property nestled in a peaceful country setting on 1.12 acres! Originally designed as a two-bedroom home, the layout has been thoughtfully converted to offer three bedrooms and two full bathrooms, providing additional space for family, guests, a home office, or hobbies. Recent updates include new flooring throughout, fresh interior paint, new bathroom vanities and faucets, and new lighting fixtures in the bedrooms, kitchen, and living room. The refreshed interior offers a clean, modern feel while maintaining the comfortable character of a country home. Outside, the property offers plenty of space to enjoy the peaceful surroundings. An above-ground swimming pool provides the perfect spot for relaxing and entertaining during the warmer months. Parking and storage are abundant with a two-car attached garage plus a separate two-car detached garage, offering room for vehicles, recreational equipment, a workshop, storage, or hobbies. If you're looking for updated living space, acreage, garages, and the tranquility of a country setting, this property offers a lot of possibilities. Come see all this 3-bedroom, 2-bath home on 1.12 acres has to offer!

1432 S County Road 200 W, Frankfort

Listing courtesy of Karen Butcher from Raeco Realty.

$185,000

2 Beds ⋅ 1 Baths ⋅ 202639165 MLS ⋅ 916 SqFt. ⋅ Scott Irons

This is it! If you are looking for a very well-maintained, affordable, and low-maintenance home, this is it. Whether you are just starting out or maybe ready to down size a bit, this home is in great shape with very nice hardwood flooring throughout most of the home as well as an updated kitchen and full basement. There is a lot to love in this property, with a nice carport leading into the one-car garage you are under roof at all times heading into the home. There is also a nice backyard for relaxing but easy to maintain. This one won't last long, so come see this one right away.

907 N Main St, Frankfort

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

$442,900

5 Beds ⋅ 3 Baths ⋅ 202638710 MLS ⋅ 2,567 SqFt. ⋅ Allyson Schutte

820 Hackberry Ct, Frankfort

Listing courtesy of Allyson Schutte from Epique Inc.. Agt: 765-242-9194

$360,000

3 Beds ⋅ 2 Baths ⋅ 202638434 MLS ⋅ 1,860 SqFt. ⋅ Margie Snyder

Built in 2022, this beautifully maintained property features charming stone and blue siding, a welcoming front entry, and an oversized garage - nearly 700 sq ft - with plenty of room for vehicles, storage, and hobbies. Inside, you'll find a bright, open-concept living area with vaulted ceilings, abundant natural light, and a cozy fireplace. The kitchen offers ample cabinetry, stainless steel appliances and a spacious island with bar seating. The spacious primary suite offers a beautiful ensuite bath with a large soaking tub, oversized windows, and a double vanity. An enclosed porch utilized as a home office offers extra space. Outside enjoy a large backyard with a privacy fence and plenty of room to relax. This home offers comfort, style, and inviting spaces both inside and out!

1840 Southridge Dr, Frankfort

Listing courtesy of Margie Snyder from Raeco Realty.

$329,000

5 Beds ⋅ 2 Baths ⋅ 202638237 MLS ⋅ 2,336 SqFt. ⋅ Charna Virtue

WOW! Completely remodeled duplex offering the perfect blend of investment opportunity, low maintenance, and flexible living! Live in one side and rent the other, house family nearby, or maximize rental income with this truly move-in-ready property. Nearly everything is NEW—including mechanicals, HVAC systems, water heaters, roof, windows, flooring, bathrooms, and kitchens! The easy-care brick exterior means less maintenance and more time to enjoy the benefits of this versatile property. Whether you're an investor, owner-occupant, or looking for a multi-generational living solution, this one is ready to go! Completely Remodeled Duplex — Turn-Key Investment & Multi-Generational Opportunity!

1601-1603 N Maish Rd, Frankfort

Listing courtesy of Charna Virtue from BerkshireHathaway HS IN Realty. Agt: 765-242-8157

$235,000

4 Beds ⋅ 2 Baths ⋅ 202637336 MLS ⋅ 2,128 SqFt. ⋅ Jazah Jones

There is so much to love about this 4 bedroom, 2 full bath home, starting with its welcoming character and spacious layout. Inside, you’ll find beautiful woodwork, generous living spaces, a spacious kitchen and room to spread out. Outside, the fenced backyard offers plenty of usable space, while the large garage provides excellent parking, storage or workshop potential. The roof also includes a transferable warranty for added peace of mind.

50 Main Ave, Frankfort

Listing courtesy of Jazah Jones from BerkshireHathaway HS IN Realty. Agt: 765-670-9065

$495,000

3 Beds ⋅ 3 Baths ⋅ 202636322 MLS ⋅ 2,466 SqFt. ⋅ Scott Irons

COMING SOON! Showings to start on Sept. 8. Welcome to this Stunning, custom-built ranch home in beautiful Lake Ridge Estates! This Brick home features three large bedrooms and two and a half baths, and so much space in every room that you will be very impressed. In the kitchen, you will find custom cabinets and countertops as well as an open concept with the dining area and walk-in pantry. The master bedroom suite is very inviting with its walk-in closet plus another large closet to the private master bath with walk-in shower and dual vanity sinks; there is so much to love! The two other bedrooms are a very nice size, each having a walk-in closet of their own. The living area is a massive room with vaulted ceilings that just calls for the family to stay a while or come out to the family room with lots of natural light that looks out to the three patios along the back of the house, including a wonderful built-in fireplace! There are so many great things about this property; it is difficult to list them all. You need to come and see this for yourself! The seller is offering a $5000 upgrade allowance for any upgrades the new owner would like to do.

1681 E Garnett Dr, Frankfort

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

$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.

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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.