Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Franklin city, Indiana?
City · Census ACS 5-Year estimates
The median gross rent in Franklin city, Indiana is $1,186/month (±$105), based on Census ACS 5-Year estimates (2024). The median home value is $231,500 (±$10,439), and the median household income is $82,380/year. The unemployment rate in Johnson County, Indiana was 2.3% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Franklin city, Indiana
| Metric | Value |
|---|---|
| Median Gross Rent | $1,186 |
| Median Home Value | $231,500 |
| Median Household Income | $82,380 |
| Total Housing Units | 9,590 |
| Renter-Occupied Units | 3,288 |
| Renter-Occupied Share | 34% |
| Households Paying 50%+ Income | 861 households |
| Unemployment Rate(April 2026) | 2.3% |
How does Franklin city, Indiana compare?
Median gross rent ranked against all cities in Indiana.
Higher rent than 88% of cities in Indiana · 67th of 551
| # | City | Value |
|---|---|---|
| 1 | Cloverland CDP | $3,501 |
| 2 | Aberdeen CDP | $2,109 |
| 3 | Whitestown town | $1,842 |
| … 63 more … | ||
| 67 | Franklin city(you are here) | $1,186 |
| … 481 more … | ||
| 549 | Spring Grove town | $437 |
| 550 | Camden town | $392 |
| 551 | Shoals town | $383 |
More data for Franklin city, Indiana
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Frequently asked questions
What is the average rent in Franklin city, Indiana?
The median gross rent in Franklin city, Indiana is $1,186/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Franklin city, Indiana?
The median rent for a 2-bedroom in Franklin city, Indiana is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Franklin city, Indiana?
The median home value in Franklin city, Indiana is $231,500 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Franklin city are rent-burdened?
In Franklin city, Indiana, 861 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Franklin city, Indiana?
The median household income in Franklin city, Indiana is $82,380/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,186 has a margin of error of ±$105. In very small areas, MOEs can be large relative to the estimate.
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