Franklin
Franklin city, Indiana
Franklin, Indiana, offers a refreshing alternative to the soaring costs of living found in many parts of the country. This charming city of just over 26,000 residents presents a compelling blend of small-town charm and big-city accessibility, all while maintaining a remarkably affordable lifestyle. Imagine owning a home valued at around $195,100 – a figure well below the national median – allowing you to stretch your dollar further and enjoy a higher quality of life. The median household income of $72,344 reflects a stable economic environment, providing a solid foundation for families and individuals alike. Franklin's appeal lies in its ability to balance affordability with a welcoming community spirit, making it an attractive destination for those seeking a more relaxed pace of life without sacrificing financial stability.
From an investment perspective, Franklin's real estate market offers promising opportunities. The city's affordability, coupled with a median household income that closely aligns with the national average, suggests a healthy and sustainable housing market. While specific crime statistics aren't available, the general sense of safety and community underscores Franklin's appeal to families and individuals looking for a secure environment. This is a place where you can find a good balance between work and life. With its blend of affordability, community, and potential for growth, Franklin is ideally suited for first-time homebuyers, families seeking a safe and welcoming environment to raise children, and savvy investors looking for a market with long-term potential.
Franklin, Indiana at a Glance
Franklin is a city in Franklin city, Indiana with a population of approximately 26,073. The median home value is $195,100 and the median household income is $72,344. It has a Walk Score of 47 out of 100, indicating car dependency. The violent crime rate is 0.0 per 1,000 residents, which is 100% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively High." Median rent is $1,013 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$195,100
Median Income
$72,344
Population
26,073
Walk Score
47
Air Quality
AQI 44
Good
Climate Risk
Relatively High
Good
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- Population
- 26,073
- Median Age
- N/A
- Median Household Income
- $72,344
3% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 11.2%
10% below nat'l avg
- Median Home Value
- $195,100
31% below nat'l avg
- Median Rent
- $1,013
13% below nat'l avg
- Homeownership Rate
- 35.0%
47% below nat'l avg
- Affordability Index
- 159
59% above nat'l avg
- Violent Crime Rate
- N/A
- Property Crime Rate
- 0.1 per 1K
99% below nat'l avg
- AQI
- 44
5% above nat'l avg
- Category
- Good
- Overall Risk
- Relatively High
- Risk Score
- 84.70
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 14.6¢/kWh
12% below nat'l avg
- Est. Monthly Electric
- $131
4% below nat'l avg
- Total Schools
- 44
- Elementary
- 27
- Middle
- 6
- High School
- 8
- Avg. Enrollment
- 753
- Student-Teacher Ratio
- 17.3:1
- Free/Reduced Lunch
- 64.8%
- Title I Schools
- 0%
- Charter Schools
- 15.9%
Student Demographics
Nearby Schools
- Unemployment Rate
- 4.7%
27% above nat'l avg
- Poverty Rate
- 11.2%
10% below nat'l avg
Weather & Climate in Franklin
Avg High
63°F
Avg Low
46°F
Annual Rainfall
43"
Avg Humidity
70%
Political Landscape
→ Politically stable
Based on Marion County county-level presidential election data
Culture & Things to Do in Franklin
Franklin Fall Festival
Annual festival featuring arts, crafts, food vendors, and live entertainment.
Strawberry Festival
A community celebration with strawberries, food, and family activities.
The Taste of Johnson County
A food festival showcasing local restaurants and culinary delights.
Franklin Farmers Market
A weekly market offering fresh produce and local goods.
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