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Franklin Real Estate Market Conditions

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Franklin Schools and Demographics


Education near Franklin, IN

City County
High School Graduates 89.07 90.89
College Degree - 2 year 8.85 9.2
College Degree - 4 year 21.67 25.92
Graduate Degree 6.59 6.12
Expenditures per Student 9,423 9,423
Students per Teacher 19.5 18.2

Elementary Schools near Franklin, IN

Grades Students P/T Ratio ZIP
Break-O-Day Elementary School 02 - 04 472 22.5 46184
Clark Elementary School KG - 04 680 21.3 46131
Creekside Elementary School KG - 04 535 20.6 46131
East Side Elementary School PK - 05 420 17.5 46124
Indian Creek Elementary School KG - 05 388 17.6 46181
Indian Creek Intermediate School 03 - 05 417 18.1 46181
Maple Grove Elementary School KG - 05 735 21 46106
Needham Elementary School KG - 04 399 17.7 46131
Northwood Elementary School KG - 04 477 19.9 46131
Pleasant Crossing Elementary School KG - 04 515 22.4 46184
Sawmill Woods Elementary School KG - 01 346 21.6 46184
Union Elementary School KG - 04 151 14.4 46106
Webb Elementary School KG - 04 282 17.6 46131
Whiteland Elementary School KG - 04 389 19.5 46184

Middle Schools near Franklin, IN

Grades Students P/T Ratio ZIP
Custer Baker Intermediate School 05 - 06 737 19.9 46131
Edinburgh Community Middle School 06 - 08 232 12.2 46124
Franklin Community Middle School 07 - 08 768 20.5 46131
Indian Creek Middle School 06 - 08 461 16.5 46181

High Schools near Franklin, IN

Grades Students P/T Ratio ZIP
Edinburgh Community High School 09 - 12 287 13.7 46124
Franklin Community High School 09 - 12 1,713 22.4 46131
Indian Creek Senior High School 09 - 12 584 15.5 46181
Whiteland Community High School 09 - 12 1,724 21.3 46184

Demographics near Franklin, IN

City County
Neighborhood Type Suburban
Population 23,857 140,033
Population Density 1,834 437
Median Age 34.2 37.1
People per Household 2.6 2.6
Median Household Income 49,228 62,888
Average Income per Capita 24,074 28,737

Franklin Real Estate


Find homes for sale in Franklin, Indiana. Whether you're new to Franklin, or a long-time resident, here are a few interesting facts about Real Estate in Franklin, Indiana. Franklin boasts 265 homes for sale with an average price of $125,000. The average income in Franklin, Indiana is $49,228 compared to the county average of $62,888.

Searching for Franklin Real Estate? Franklin has a population of 23,857. The median age in Franklin is 34.2 years. Franklin is more family-centric than the surrounding county with 36.56% of the households containing married families with children. The county average for households married with children is 37.87%.


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Franklin, Indiana's courthouse, where hoimes for sale are processed.Only twenty minutes south of Indianapolis lies Franklin, Indiana. Sometimes described as a sleepy suburb, Franklin describes itself as an "exciting blend of tradition and innovation with a rich history dating back to its founding in 1822." We don't know what it was like in 1822, but that describes no sleepy suburb. But it's a pretty decent description of today's Franklin. 

As the county seat of Johnson County, with a population of roughly 22,000, Franklin has one of those traditional Midwest downtowns, a main street loaded with locally-owned shops, coffeehouses and restaurants.  (Right in the middle of town - one the square - you'll find Home to Franklin College, Franklin Indiana.Carpenter's office!)  Also downtown is Franklin College, one of the oldest institutions of higher education in Indiana. Just beyond downtown, if you enjoy that old-timey feel, you'll love the Century-old Victorian mansions that line King and Jefferson streets.  If you're more into doing than watching, you can find many trails providing opportunity for a quiet walk or a scenic jog. 

The average home value in Franklin is under $130,000 (that's affordable) and the cost of living in town is well under the national average.

Beyond that tradition, Franklin is also home to a state-of-the-art high school, some decent night life (it is a college town, after all) and nonprofit groups that work hard to advance every Franklinian's quality of life. Also, the city's pro-business attitude and strategic location have attracted companies from all over the world, including five Japanese corporations.

Ben Franklin statue, Franklin Indiana. Guess why!  Parks, parks, parks in Franklin Indiana.  In downtown Franklin Indiana you'll find a downtown.Carpenter Realtors is always available for your search for Franklin, Indiana real estate. For those of you ready to buy a Franklin, Indiana home for sale, Carpenter Realtors will handle everything, from setting up an appointment to view a home in Franklin, Indiana to the closing table.  Search for houses for sale below, or click the Carpenter logo above to search by MLS listings or our easy-to use map.

FRANKLIN HOME VALUES City         U.S.       
Median home value  $129,900 $217,200
% Owner-occupied  62.9% 66.2%
% Vacant 8.2% 9.0%
Rental  28.7% 24.8%

Search Franklin homes for sale and real estate

With more than 20,000 Indiana homes for sale, is your best choice for new Franklin, Indiana homes for sale, real estate listings, virtual tours and open houses inFranklin, Indiana. Carpenter Realtors(r) is Indiana's leader in real estate and home ownership services, especially for Franklin, Indiana real estate for sale and homes for sale. Call Carpenter to sell real estate or buy real estate in Franklin, Indiana. Our real estate agents, all licensed REALTORS, specialize in Franklin, Indiana real estate. Whether you are buying or selling a new home, town house, condominium or apartment, choose a Carpenter Realtors agent or to find a property by map, MLS or BLC listing number or price.

Here's a little more about Franklin.

Franklin Map

Franklin real estate offices

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3 E. Monroe Street
Franklin, IN
Realtors & Staff

1012 E 775 S
Nineveh, IN
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295 W. Smith Valley Road
Greenwood, IN
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County Line
2152 E. County Line Road South
Indianapolis, IN
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South Meridian
8901 S. Meridian Street
Indianapolis, IN
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400 State Road 37 North
Martinsville, IN
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1026 N. Mitthoeffer Road
Indianapolis, IN
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Nashville 1
158 N. Jefferson St.
Nashville, IN
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North Meridian
8722 N. Meridian Street
Indianapolis, IN
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Real estate near Franklin