Housing in Franklin Township at a glance
- Population
- about 66,239
- Housing units
- about 25,559
- Median value, owner-occupied homes
- $270,000Indianapolis: $224,800 (+20%)
- Median gross rent
- $1,290 a monthIndianapolis: $1,156 (+11%)
- Owner-occupied homes
- 76.1%Indianapolis: 56%
- Homes built before 1980
- 24.7%
- Median year built
- 2000
Franklin Township is the newest corner of Indianapolis, with just 24.7% of homes predating 1980, the lowest share of the nine sectors, and a median build year of 2000. It also has the highest owner share at 76.1%, a level 20.1 points over the citywide 56%, and the highest rent at $1,290. Home value of $270,000 is second only to Washington Township, against $224,800 for Indianapolis overall. Its neighbours sit far below, from Perry Township at $224,000 down through Warren Township at $180,000 to Center Township at $170,000. Owners number 18,829 households against 5,899 renters. Reading the city from its middle, the township lies in the south-east, with 66,239 residents.
Questions about Franklin Township
What is the median home value in Franklin Township, Indianapolis?
$270,000 for owner-occupied homes, against $224,800 for Indianapolis as a whole (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary). It is the owners' own estimate of their home's value, not a sale price.
What is the median rent in Franklin Township?
$1,290 a month in gross rent (rent plus utilities paid by the renter), against $1,156 in Indianapolis (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Do most people in Franklin Township own or rent?
Most own: 76.1% of occupied homes are owner-occupied, against 56% in Indianapolis (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Data and method
Data as of: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (retrieved 2026-11-02).
Estimate from the 12 census tracts whose internal point lies within the official boundary: counts are summed, and each median is recomputed from the summed value, rent and year-built brackets (grouped median, linear interpolation). The gap with the city is measured with the same method on the whole city. Boundaries used: City of Indianapolis and Marion County GIS, Townships (OpenData_Boundaries layer 8) (consulted 2026-11-02).
Sector boundaries: Marion County townships, Marion County Township Boundaries layer, IndyGIS (gis.indy.gov OpenData_Boundaries, layer 8).
Sources: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, tables B01003, B25001, B25003, B25034, B25063, B25064, B25075, B25077; U.S. Census Bureau, 2024 Gazetteer files (census tract internal points). City figures: the same survey, published for Indianapolis as a whole. Home values are owners' estimates, not sale prices.
Near Franklin Township
The closest sectors of Indianapolis, by distance between population centres.
Other sectors of Indianapolis
Five trades, one spot each
Payotte lists one professional per trade in Franklin Township. No one is listed yet: every spot is open.
- Real estate agentOpen spot
- Mortgage loan officerOpen spot
- Home inspectorOpen spot
- Real estate attorneyOpen spot
- AppraiserOpen spot
Work in one of these trades in Franklin Township? Ask for your spot.