Franklin County, IN
Comprehensive housing, income, and cost of living data for Franklin County, Indiana. Population: 22.9K.
Housing & Finance
Demographics & Economics
Racial Demographics
Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.
Climate & Environment
Frequently Asked Questions
What is the median home price in Franklin County, IN?
The median home price in Franklin County, Indiana is $254.8K. The price-to-income ratio is 3.2x, meaning the median home costs 3.2 times the median household income.
What salary do you need to buy a home in Franklin County?
Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $65.0K per year to buy the median home in Franklin County, IN. Monthly housing costs break down to $1,288 for mortgage, $122 for property tax, and $106 for insurance.
What is the property tax rate in Franklin County?
The effective property tax rate in Franklin County is 0.57%, which comes to approximately $1,459 per year on the median home.
What is the median household income in Franklin County?
The median household income in Franklin County, Indiana is $79.7K per year, based on Census Bureau American Community Survey data. The unemployment rate is 2.5%%.
Is Franklin County a good place to live?
Franklin County, Indiana has a population of 22.9K. Housing affordability is strong with a price-to-income ratio of 3.2x. The climate averages 53 degrees F with 178 sunny days per year. Compare Franklin County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.