Palermo Gardens

Starting From

The Mid $200s

Estimated Monthly Payment

$1,600

Own a home at Palermo Gardens
Temporary Interest Rate Buydown Subsidy Available.
Year 1: Payment of $1,600, based on a 3.75% Interest Rate, 6.206% APR
Year 2: Payment of $1,753, based on a 4.75% Interest Rate
Year 3-30: Payment of $1,916, based on a 5.75% Interest Rate

Principal & Interest

$1,215

Property Tax

$222

Hazard Insurance

$44

Mortgage Insurance

$118

Total estimated monthly payment

$1,600

Financing example based on a FHA 30 year fixed loan product with a 2-1 buydown. Based on a sales price of $266,990, a loan amount of $262,318 and a 3.5% down payment. Principal and interest payment of $1,215/month with a rate of 3.75% for year one, $1,368/month with a rate of 4.75% for year two, $1,531/month with a rate of 5.75% for year three and an APR of 6.206%. Rates come at a cost of 1.375% of the loan amount. Real estate taxes are estimated at $222 per month, mortgage insurance is estimated at $118 per month and hazard insurance is estimated at $44 per month for a total monthly payment of $1,600 for year one, $1,753 for year two and $1,916 for years 3-30. Interest rate is based on a 30 day rate lock. Rates and APR on loan programs may vary based on credit criteria, final amount of down payment and are subject to current market pricing. Maximum product permissible Interested Party Contribution Limits and QM points/fee limits apply. Certain restrictions may apply. Prices, offers and financing are subject to change without notice. Financing is available through NVR Mortgage Finance, Inc. NMLS ID# 1127.

Coming soon - The lowest-priced new single-family homes in Franklin Township

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Opening

March 2026

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4133 Palermo Drive
Indianapolis, IN 46239

New Homes in Indianapolis, IN

The lowest-priced new single-family homes in Franklin Township

Single-Family Homes Opening March 2026 Franklin Township Community School District

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The Community

Appliances Included Attached 2-Car Garage Franklin Township Schools Your Own Backyard

Welcome home to Ryan Homes at Palermo Gardens – the lowest-priced new single-family homes in Franklin Township.

Imagine waking up in a brand-new home that’s truly yours — bright, spacious, and thoughtfully designed for modern living. At Palermo Gardens, you’ll find the lowest-priced new single-family homes in Franklin Township, so you can stop compromising and start living. We’re opening soon, and now is your chance to join the VIP Interest List to lock in the best pricing and secure your favorite homesite before they’re gone.

Choose from homes with 3–5 bedrooms and up to 3 full baths, including options for open-concept layouts perfect for entertaining. Every home includes a 2-car garage and your own backyard.

And the best part? Everything’s included:

• Kitchen Appliances

• Upgraded flooring in main living areas

• Modern finishes and smart design

• Backyards for cookouts, gardens, and family fun

Located in Franklin Township, Palermo Gardens puts you minutes from I-465, Southeastern Avenue, and I-74, making commutes to Downtown Indy and major job hubs easy. Enjoy weekends at Franklin Township Community Park, local dining, and nearby conveniences like Beech Grove retail and Buck Creek Winery.

With homes starting in the upper $200s, Palermo Gardens offers unmatched value in a thriving location. Plus, with Franklin Township Schools, your kids will thrive too.

Don’t wait — demand is high. Join the VIP Interest List today to be first in line for model tours, introductory pricing, and the best homesite selection.

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Building a home is a big milestone, and we're here to make it easy. At Ryan Homes, we'll guide you through every step, answer your questions, and keep things simple. You can focus on what matters—getting ready to enjoy your new home.

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