Franklin, IN Real Estate

According to census data in the year 2000 there were 7,547 housing units in Franklin. This represents a 61.9% growth from 4,661 in 1990.

Of those housing units, 7,382 were located in either urbanized areas or urban clusters, and 165 were located in what is classified as a rural area.

Homeownership rate in Franklin is about 67.9%. Franklin's vacancy rate, including seasonal lodging, is about 7.9%. Average household size is 2.58 people.

The majority of houses, apartments or condos in Franklin were built after 1978.


Housing Size

Housing Units by Size
Studio Type1.40%
One Bedroom8%
Two Bedrooms35.70%
Three Bedrooms45.20%
Four Bedrooms8.70%
Five Bedrooms or more1.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.63
Median year structure was built1984
Median Value of occupied units$103,000
Median Price asked for vacant units$97,300

Rented Homes, Apartments and Condos

Average Household Size2.49
Median year structure was built1969
Median Monthly Rent asked for vacant units$650

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.60%
Home Equity Loan6.90%
Simple Mortgage59.70%
Debt Free26.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.1%