Franklin County Homes under $500,000

Welcome to Franklin County, Tennessee, a hidden gem nestled in the heart of the Volunteer State! Known for its scenic landscapes and rich history, Franklin County offers a perfect blend of small-town charm and modern conveniences. With rolling hills, lush greenery, and the serene beauty of the Cumberland River, this county is an ideal place for families, retirees, and anyone looking to enjoy a peaceful lifestyle while still being close to urban amenities.

One of the most attractive features of Franklin County is the diverse real estate market, particularly for those seeking homes under $500,000. Whether you’re a first-time homebuyer or looking to downsize, you’ll find a variety of options that cater to your needs. From charming single-family homes with spacious yards to contemporary townhouses in friendly neighborhoods, there’s something for everyone. The affordability of these homes makes Franklin County an excellent choice for those looking to invest in real estate without breaking the bank.

In addition to its affordable housing, Franklin County boasts excellent schools, vibrant community events, and an array of recreational activities. Enjoy hiking along the beautiful trails, fishing in the local lakes, or exploring the quaint shops and restaurants in the area. With a welcoming community and a slower pace of life, Franklin County is not just a place to live; it’s a place to thrive.

Explore the opportunities that await you in Franklin County, where your dream home under $500,000 is just waiting to be discovered!

Newest Franklin County Homes under $500,000

$369,900

3 Beds ⋅ 2 Baths ⋅ 3619121 MLS ⋅ ACTIVE Status ⋅ 0.86 Acres ⋅ 37330 Zip Code

Experience elevated living in this beautifully crafted new construction, perfectly positioned on just under an acre with peaceful surroundings and seasonal lake views. This stunning 3-bedroom, 2-bath residence showcases a thoughtfully designed split-bedroom floor plan and an expansive open-concept layout where modern sophistication meets effortless everyday living. At the heart of the home, the beautifully appointed kitchen features extensive cabinetry, a generous center island, spacious pantry, and abundant storage, creating a space equally suited for entertaining and daily life. The main living area makes an impressive statement with soaring vaulted ceilings accented by striking architectural beams, adding warmth, character, and a custom designer touch. Step outside onto the back deck and take in the tranquil natural surroundings and seasonal lake views—the perfect backdrop for morning coffee, intimate gatherings, or peaceful evenings at home. From its refined finishes and architectural details to its generous storage and serene setting, this exceptional new construction offers a beautiful balance of luxury, comfort, and privacy—all wrapped into a home designed to impress.

93 Bluebird Trl, Estill Springs

$369,900

3 Beds ⋅ 2 Baths ⋅ 3619120 MLS ⋅ ACTIVE Status ⋅ 0.86 Acres ⋅ 37330 Zip Code

Experience elevated living in this beautifully crafted new construction, perfectly positioned on just under an acre with peaceful surroundings and seasonal lake views. This stunning 3-bedroom, 2-bath home showcases a thoughtfully designed split-bedroom floor plan with an expansive open-concept layout that blends modern elegance with everyday functionality. The beautifully appointed kitchen serves as the heart of the home, featuring extensive cabinetry, a generous island, spacious pantry, and abundant storage. Tray ceilings accented with LED ambient lighting create a sophisticated atmosphere and add a custom architectural touch to the main living space. Step outside onto the back deck, where tranquil views and natural surroundings provide the perfect setting for morning coffee, evening gatherings, or simply unwinding. With its refined finishes, thoughtful design, generous storage, and serene setting, this exceptional new construction offers a beautiful combination of style, comfort, and privacy.

59 Bluebird Trl, Estill Springs

$469,000

3 Beds ⋅ 3 Baths ⋅ 3619053 MLS ⋅ ACTIVE Status ⋅ 0.32 Acres ⋅ 37398 Zip Code

This home has so many details that make it special, from the beautifully crafted coffered ceiling and statement lighting to the thoughtfully selected finishes throughout. The open living area features a cozy fireplace and flows into a spacious kitchen with a large island, perfect for everyday living and entertaining. All three bedrooms are on the main level, with an upstairs bonus room and half bath offering extra flexibility. Located just minutes from Tims Ford Lake and downtown Winchester, with easy access to boating, fishing, local restaurants, and shopping. A beautiful home in a great location with plenty to enjoy both inside and out!

201 Lookout Dr, Winchester

$485,000

3 Beds ⋅ 3 Baths ⋅ 3618897 MLS ⋅ ACTIVE Status ⋅ 0.65 Acres ⋅ 37330 Zip Code

Like-new, immaculate home built in 2024, offering 2,273 square feet, 3 bedrooms and 2.5 baths just minutes from Tims Ford Lake and approximately one mile from the Pleasant Grove public boat ramp! The open floor plan features a welcoming fireplace, LVP flooring, and a spacious kitchen with granite and butcher-block countertops, an island, stainless steel appliances and a pantry. The main-level primary suite includes a custom tiled walk-in shower. Enjoy the covered front porch, covered back deck and private backyard backing to woods situated on .65 acres. A heated and cooled two-car garage adds year-round convenience. Seller will consider selling furnished for an additional price. This property could be a great Short Term Rental for Tims Ford Lake visitors!

791 HASTY LANE, Estill Springs

$169,900

3 Beds ⋅ 2 Baths ⋅ 3613169 MLS ⋅ ACTIVE Status ⋅ 0.26 Acres ⋅ 37398 Zip Code

Charming three bedroom two bath plus bonus that could be used as a fourth bedroom! This home offers character, charm, and space! Located walking distance to the lake and only minutes from downtown.

1011 Massengill St, Winchester

$349,900

3 Beds ⋅ 2 Baths ⋅ 3612346 MLS ⋅ ACTIVE Status ⋅ 1.15 Acres ⋅ 37398 Zip Code

Discover the perfect blend of modern comfort and peaceful country living with this beautiful new construction home situated on 1.15 acres. Thoughtfully designed with today's buyer in mind, this home will feature durable LVT flooring, stunning quartz countertops, a luxurious tiled walk-in shower in the primary suite, and the convenience and efficiency of a tankless water heater. Now is the perfect time to make it your own! Purchase early and you'll have the exciting opportunity to choose your own colors and finishes, adding your personal touch before construction is complete.

Sisk Rd, Winchester

$465,000

3 Beds ⋅ 3 Baths ⋅ 3612231 MLS ⋅ ACTIVE Status ⋅ 12.81 Acres ⋅ 37388 Zip Code

What if your next home wasn’t just a house, but an entire lifestyle? Welcome to 215 Gourdneck Hollow Road in Tullahoma! This beautifully maintained 3-bedroom, 3-bath home sits on 12.8 acres of rolling Tennessee countryside, offering privacy, usable land, abundant wildlife, and convenient access to Tim’s Ford Lake. A recent appraisal valued the property at $465,000, and it is being offered at the appraised value. The fenced property features a 40x56 horse barn, 2 horse corrals, 42x22 pole barn with 42x15 lean-to, 2 enclosed chicken coops with runs, a freshwater pond, electric and wooden fencing, and 2 garden areas with brand new raised beds. Established pear, fig, and persimmon trees attract deer, wild turkeys, birds, butterflies, and hummingbirds, while the acreage offers opportunities for hunting and enjoying wildlife. Inside, the spacious kitchen offers abundant cabinet space and storage, along with a sunroom/mudroom, wood deck, 2 wood burning fireplaces, approximately 800 sq. ft. of unfinished basement space, and a 21x26 attached 2 car garage with utility sink. The basement provides exceptional storage and flexible space, as well as a valuable enclosed area during severe weather & tornado shelter. Recent improvements include newer windows, new HVAC, and an updated primary bathroom. All appliances convey, including 2 refrigerators and a brand new washer and dryer. The sellers have meticulously cared for this property, including recently inspecting and pumping the septic system and replacing pipes, with documentation of improvements and maintenance preserved. Neighborhood lake access provides opportunities for fishing, kayaking, canoeing, and camping, while Blue Gill Grill & Marina and the boat ramp are approximately 5 minutes away. The area also has a fascinating history as the former town of Awalt, which was submerged when Tim’s Ford Lake was created. This rare 12.8-acre property offers the country lifestyle without sacrificing everyday convenience.

215 Gourdneck Hollow Rd, Tullahoma

$389,000

5 Beds ⋅ 3 Baths ⋅ 3611610 MLS ⋅ ACTIVE Status ⋅ 9.57 Acres ⋅ 37398 Zip Code

NEW, IMPROVED price on prime real estate in Franklin County!! With over 600' of road frontage on AEDC Rd and next door to Scenic View Golf Course, 3754 AEDC Rd boasts TWO viable dwellings, along with 9.57 acres of picturesque farm land, complete with panoramic views of the mountains. Build your dream home or develop the parcel into smaller lots. Rehab the dwellings to have the perfect mini farm. The sky is the limit here for those looking for prime land with the potential of returns through multiple avenues. Sellers do not wish to divide the property for sale at this time! This property has one site-built single-family home and one manufactured home on a permanent foundation that, while needing some work, have been well-maintained by the current owners. The site-built single-family home has 1256 sq ft of livable space with 2 bed/1 bath and a detached one car garage. There is also an eat-in kitchen, living area and large utility room with washer/dryer hookups. The covered back deck offers the perfect place to sit and take in the mountain views. For those looking to increase square footage, there is ample opportunity to utilize some of the ample attic space to create more living area. There is also a full basement. The manufactured home is 3 bed/2 bath. It is approximately 1100 sq ft. It is on a permanent foundation and has a covered, attached carport. Buyer and/or buyer's agent to verify all information. Showings by appointment only.

3754 Aedc Rd, Winchester

$359,900

3 Beds ⋅ 3 Baths ⋅ 3611156 MLS ⋅ ACTIVE Status ⋅ 0.99 Acres ⋅ 37330 Zip Code

Built in 2024, this like-new, fully furnished home offers 3 bedrooms, 2.5 bathrooms, 1,578 sq. ft., and an unrestricted 1-acre lot with no HOA and no city taxes. Interior features include luxury vinyl plank flooring throughout, no carpet, matching granite countertops in the kitchen and bathrooms, stainless steel appliances, soft-close cabinets and drawers, upgraded fixtures, and recessed LED lighting. The primary suite features a separate bathtub and walk-in shower. Additional features include covered front and back porches, an attached two-car garage, and high-speed internet availability. All necessary builder-warranty repairs have recently been completed. The property is sold completely furnished, including all furniture, appliances, decorations, and a zero-turn lawn mower. A $10,000 Westinghouse whole-home water softening and filtration system with under-sink reverse osmosis drinking-water filtration and a transferable lifetime warranty is included. The remaining pest-control contract also transfers. Conveniently located approximately 5 minutes from Tims Ford Lake and Blue Gill Restaurant & Marina, 7 minutes from the boat ramp, and 12 minutes from Winchester Square. Shopping, dining, and everyday conveniences are approximately 20 minutes away or less. Qualified buyers may be eligible to assume the existing FHA mortgage at 6.047%, subject to lender approval and applicable requirements. THIS IS A GREAT OPPORTUNITY!

1378 Pleasant Grove Rd, Estill Springs

$129,900

3 Beds ⋅ 1 Baths ⋅ 3611084 MLS ⋅ ACTIVE Status ⋅ 0.24 Acres ⋅ 37398 Zip Code

Home with great potential, on large lot in great neighborhood. Home was originally 3br 1 bath but it's a clear canvas right now, allowing for the right buyer to reshape the property to their liking. Conventional or Cash offers due to condition. Owner Financing available with 20k down payment financed at 10% interest rate. $1181 payment on 15 year loan, lenght of term is negotiable payment would vary accordingly.

115 NW 11th Ave, Winchester

$399,900

2 Beds ⋅ 2 Baths ⋅ 3610672 MLS ⋅ ACTIVE Status ⋅ 37398 Zip Code

Welcome to your dream home in a brand-new 55+ community designed for comfort, convenience, and low-maintenance living. This newly constructed, single-level home offers a thoughtfully designed floor plan with no steps, making everyday living effortless. Inside, you’ll find 2 spacious bedrooms and 2 full bathrooms, along with a large flex room perfect for a home office, hobby space, or guest area. The open-concept layout is complemented by custom cabinetry and beautiful quartz countertops in both the kitchen and bathrooms, blending style with functionality. Step outside to relax on the covered back porch, ideal for morning coffee or quiet evenings. Built with durable, low-maintenance Hardie board siding, this home allows you to spend less time on upkeep and more time enjoying life. As part of this vibrant 55+ community, residents enjoy access to exceptional amenities including a clubhouse, swimming pool, fitness center, and dog park—everything you need for an active and social lifestyle. Don’t miss this opportunity to own a brand-new home in a welcoming, amenity-rich neighborhood!

56 Deer Valley Cir, Winchester

$219,000

3 Beds ⋅ 2 Baths ⋅ 3610339 MLS ⋅ ACTIVE Status ⋅ 0.35 Acres ⋅ 37330 Zip Code

This cozy Estill Springs home pairs a kitchen remodeled in 2024 with peaceful outdoor spaces you’ll want to enjoy. Offering 3 bedrooms, 1.5 baths, and 1,408 square feet, the home features a comfortable, efficient layout. The kitchen includes new white cabinets, countertops, flooring, and stainless steel appliances. Relax on the covered front patio or back deck surrounded by mature greenery. Yearly termite inspections through Cumberland Termite and annual HVAC maintenance through Danley Heating & Air reflect thoughtful upkeep. The exterior front door and both storm doors were replaced in 2025. Schedule your showing to experience the updates, charm, and peaceful setting in person!

105 Wells St, Estill Springs

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.