Franklin, IN — Momentum Score, Home Values & Best-For

All states·Indiana·Franklin

Johnson County · Indianapolis-Carmel-Anderson · population 26,158

First-time buyers
Franklin, IN
Image: Wikipedia · Franklin, Indiana
OverviewCost of livingMoving guide
View watchlist →
71
Rising
Momentum score · 0–100

Where Franklin stands

At or near all-time high.

Median home $280,616
1-year +2.0%
5-yr CAGR +6.3%
vs 5-yr peak +0.0%
Population +0.8%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-04$281k$123k$179k$235k$292k201620182020202220242026

Lifestyle scores

🚶
Walkability
32/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
15/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
84/100
Excellent for remote work
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$1,786/mo$1,245$1,569$1,893202220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent136135100120140202220242026

Rent vs buy

Price-to-rent ratio: 13.1
Buy

At a 13.1 price-to-rent ratio, buying generally beats renting in Franklin on a long-enough horizon. The headline math is that one year of mortgage payments approximates 13.1 years of rent — well below the 15+ threshold where ownership starts to dominate.

How the momentum score breaks down

methodology →
Home YoY
60 · w22%
Home 5-yr CAGR
71 · w22%
Distance from peak
90 · w18%
Population growth
61 · w16%
Rent YoY
69 · w12%
Home 10-yr CAGR
80 · w10%
Long thesis

Franklin is a Rust Belt market with +0.8% population growth — a rare combination. You're buying real housing for less than the cost of a coastal studio in a city the data says is finally turning.

Short thesis

Franklin's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.

About Franklin

Franklin is a city in Johnson County, Indiana, with an estimated population of 26,158. It anchors the Indianapolis-Carmel-Anderson metro area. The population grew 0.8% annually from 2020 to 2024, a moderate gain. The median home value in Franklin is $280,616 as of 2026-04, up 2.0% over the last 12 months. Over the last five years, home values have averaged +6.3% annual growth, with prices at or near the 5-year peak. Rents in Franklin average $1,786 per month, up 3.5% year-over-year. The composite momentum score is 71 of 100 (Rising). The market is healthy with prices supported by underlying demand.

▲ Bull case

●Healthy 5-year run: +6.3% annualized over 5 years, outpacing US inflation.
●Quiet strength: +2.0% over the trailing year — not a melt-up, but the market is bid.
●Held the highs: currently +0.0% from the 5-year peak — this market refused to give back gains.

▼ Bear case

○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About Franklin (Wikipedia)

Franklin is a city in Johnson County, Indiana, United States. As of the 2020 census, Franklin had a population of 25,313. Located about 20 miles (32 km) south of Indianapolis, the city is the county seat of Johnson County. The site of Franklin College, the city attracts numerous regional sports fans for the college teams, as well as audiences for its art events.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

Playbook

Buyer

You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.

Seller

Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.

Investor

Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.

Local safety & alerts

No active National Weather Service alerts for Johnson County right now.

NWS active alerts (IN)Indiana Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Johnson County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like Franklin

Crawfordsville, IN71 · RisingNew Castle, IN68 · RisingLafayette, IN71 · RisingMartinsville, IN68 · Rising

Run the numbers for Franklin

ToolCan I afford Franklin?Income → city shortlistToolROI on a Franklin rentalCap rate, cash-on-cash, DSCRToolCompare Franklin to anywhereSide-by-side up to 3 citiesToolFranklin cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
35° / 19°
avg high / low
Summer (Jul)
85° / 64°
avg high / low
Sunny days/yr
186
~51% of year
Annual precip
42″ rain
20″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
High
Wildfire
Very low
Earthquake
Low
Flood
Moderate

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Local sports teams

Major professional teams the Indianapolis-Carmel-Anderson area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Franklin listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local economy & environment

Humidity
72%
Humid climate
Median household income
$67,200
Indiana state median
Top industries (state-level)
Manufacturing (auto)HealthcareLogistics

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

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