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Advertise here →Franklin, IN · Market Data
Franklin, Indiana real estate market data.
Real estate market data for Franklin, IN (Johnson County) — Census median home value $212,500, county listing prices down about 3.1% over the past year.
Franklin, IN is in Johnson County, Indiana — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 25,999, with a median household income of $77,305. Census data puts Franklin's median home value at $212,500 (all owner-occupied homes); Johnson County's current median listing price runs $369,925, down about 3.1% over the past year.
At a glance
Franklin market snapshot
Population
25,999
Median Household Income
$77,305
Median Home Value (city)
$212,500
Median Listing Price (Johnson County)
$369,925
Median Gross Rent
$1,127/mo
Price Trend (YoY)
-3.1%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Franklin different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Franklin's median home value — across all owner-occupied homes, not just recent sales — at $212,500. Separately, Johnson County's current median listing price (via Realtor.com data, 2026-06-01) runs $369,925. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Johnson County's FHFA house price index shows a 4.77% annual change in 2025.
Population & Income
Franklin has an estimated population of 25,999 and a median household income of $77,305, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Franklin's Census-reported median home value works out to about 2.7x the area's median household income, and median gross rent runs roughly 17% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Franklin FAQ
What are home values like in Franklin, IN?
The Census Bureau's American Community Survey puts Franklin's median home value at $212,500. Johnson County's current median listing price runs $369,925, down about 3.1% over the past year.
What is the population of Franklin, IN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Franklin's population at approximately 25,999.
What's the median rent in Franklin, IN?
The Census ACS estimates median gross rent in Franklin at approximately $1,127 per month.
What is the median household income in Franklin, IN?
Census ACS data puts the median household income in Franklin at approximately $77,305.
Is the Franklin housing market growing?
Johnson County's FHFA house price index shows a 4.77% annual change in 2025.
Is Franklin, IN affordable relative to income?
Census ACS data puts Franklin's median home value at about 2.7 times the median household income, with median gross rent equal to roughly 17% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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