Franklin County, IN

Comprehensive housing, income, and cost of living data for Franklin County, Indiana. Population: 22.9K.

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Median Home Price

$254.8K

Based on 6 cities

Median Household Income

$79.7K

Annual household income

Price-to-Income Ratio

3.2x

Moderately affordable

Salary Needed to Buy

$65.0K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax

$1,459

Average annual amount

Effective Tax Rate

0.57%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$1,288

Property Tax$122

Insurance$106

Total Monthly$1,516

Historical Home Prices

2015

$145.3K

2016

$151.3K

+4.2%%

2017

$161.1K

+6.4%%

2018

$170.5K

+5.8%%

2019

$185.5K

+8.8%%

2020

$203.8K

+9.9%%

2021

$230.5K

+13.1%%

2022

$246.8K

+7.1%%

2023

$257.2K

+4.2%%

2024

$271.9K

+5.7%%

2025

$282.2K

+3.8%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

2.5%%

Below national average

Population Density

People per square mile

Homicide Rate

16.7

Medium (per 100K residents)

Political Lean (2020)

Competitive

R+1

Racial Demographics

White

96%

Black

0.1%

Hispanic

1.1%

Asian

0.6%

Two or More Races

1.6%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature

53°F

Annual average

Sunny Days

178

Days per year

Annual Rainfall

44.4"

Inches per year

Natural Disaster Risk

Moderate Risk

Score: 34/100

January Low

26°F

Average winter low

July High

88°F

Average summer high

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