Median Age
38 Years
Largest Age Group
15-24 Years
Approximately 14% of Residents
Under 20
25%
Over 65
18%
Avg Rent
$1,224
Population
27,502
Renter Mix
33% Rent
Franklin, Indiana carries the kind of small-town character that's hard to manufacture and even harder to leave. As the county seat of Johnson County, the city draws energy from Franklin College, a liberal arts institution woven into the fabric of downtown life, bringing arts performances, athletic events, and an academic pulse to the area. The historic downtown square anchors the city's identity, where 19th-century architecture frames a lively calendar that includes beloved annual gatherings like Strawberries on the Square and the Holiday Lighting ceremony. Situated about 20 minutes south of Indianapolis, Franklin offers a quieter pace without disconnecting residents from the broader metro area.
The housing landscape here reflects the city's character: a mix of craftsman-style homes converted into rental units, townhomes, and well-maintained apartment communities that range from cozy one-bedroom layouts to more spacious multi-bedroom options. Renters can choose between the walkable energy of the downtown corridor and quieter residential pockets on the city's outer edges. Whether you're drawn to the college-town atmosphere, the historic streets, or the straightforward access to Indianapolis, Franklin delivers an approachable, grounded lifestyle with genuine small-city soul.
A breathtaking view of Franklin's county courthouse.
In downtown Franklin there is no lack of shopping or things to do.
Province Park in Franklin is a 50-acre park with shelters, playgrounds and trails along a creek
Find historic homes throughout Franklin.
Franklin College is a private liberal arts college with a rich history.
The Willard, is a local favorite in Franklin, IN.
Median Household Income
$70,633
Average: $82,494
Education
4,824
Residents Have a Degree
Job Market
13,570
Workers Employed
Median Age
38 Years
Largest Age Group
15-24 Years
Approximately 14% of Residents
Under 20
25%
Over 65
18%
Housing Distribution
Franklin has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
As of July 2026, the average apartment rent in Franklin, IN is $832 for a studio, $1,229 for one bedroom, $1,287 for two bedrooms, and $1,813 for three bedrooms. Apartment rent in Franklin has increased by 5.0% in the past year.
Explore how walkable, bikeable, drivable, and transit-friendly Franklin, IN is for everyday living.
Somewhat Walkable
Walkability
Very Drivable
Drivability
Fairly Bikeable
Bikeability
Public
Grades PK-5
319 Students
Custer Baker Intermediate School
Public
Grades K-5
734 Students
Public
Grades PK-5
347 Students
Public
Grades PK-5
561 Students
Public
Grades PK-5
517 Students
Franklin Community Middle School
Public
Grades 6-8
759 Students
Franklin Community High School
Public
Grades 9-12
1,610 Students
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
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© 2026. All rights reserved.
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.