Palermo Gardens

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

Starting From

The Mid $200s

Est. Payment

$1,403 /mo

Own a home at Palermo Gardens
Temporary Interest Rate Buydown Subsidy Available.
Year 1: Payment of $1,403, based on a 4.875% Interest Rate, 7.161% APR
Year 2: Payment of $1,536, based on a 5.875% Interest Rate
Year 3-30: Payment of $1,677, based on a 6.875% Interest Rate

Principal & Interest

$1,136

Property Tax

$222

Hazard Insurance

$44

Total estimated monthly payment

$1,403

Financing example based on a Conventional conforming 30 year loan product with a 2-1 buydown. Based on a sales price of $266,990, a loan amount of $214,577 and a 20% down payment. Principal and interest payment of $1,136/month with a rate of 4.875% for year one, $1,269/month with a rate of 5.875% for year two, $1,410/month with a rate of 6.875% for year three and an APR of 7.161%. Rates come at a cost of 1.125% of the loan amount. Real Estate taxes are estimated at $222 per month and hazard insurance is estimated at $44 per month for a total monthly payment of $1,403 for year one, $1,536 for year two and $1,677 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.

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4133 Palermo Drive
Indianapolis, IN 46239

New Single Family Homes in Indianapolis, IN

Appliances Included Up to 5 Bedrooms Ranch and 2-Story Plans Minutes from I-74

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

Imagine coming home to a brand-new space that’s actually yours — open, bright, and designed for the way you live now. Whether you’re renting an apartment, a townhome, or a single-family house, this is a chance to stop paying for someone else’s property and start building something of your own. No shared walls. No upstairs neighbors. Just your own home, your own yard, and room to grow.Palermo Gardens offers the most attainable new single-family homes in Franklin Township, making it easier than ever to make a smart move.

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

With easy access to downtown Indianapolis, everyday shopping and dining in Wanamaker, and the convenience of living close to everything Franklin Township has to offer, you’ll enjoy a location that works for both weekdays and weekends — without the congestion or cost of city living.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 New Bethel Ordinary Pizza, and Milk & Honey Coffee House.

With homes starting in the mid $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.

What’s Included When You Buy a New Home

Building new construction means clarity from day one - so you know exactly what’s included, how the process works, and who’s guiding you every step of the way.

The floorplan of your choice, thoughtfully designed to fit your lifestyle
A home built with quality materials and backed by third-party inspections
Designer Interior collections that simplify personalizing your home
A comprehensive home warranty for added peace of mind
Smart home and energy-efficient features provide convenience and long-term savings
A dedicated Community Team committed to delivering an exceptional experience

We'll Guide You Home, Every Step of the Way

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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