Median Age
38 Years
Largest Age Group
15-24 Years
Approximately 14% of Residents
Under 20
25%
Over 65
18%
Franklin
Franklin, IN Area Guide
Avg Rent
$1,212
Population
27,502
Renter Mix
33% Rent
Enjoy a small-town atmosphere with suburban conveniences
Suburban
•
Rural
•
Historic
•
Modern
•
Growing
•
Charming
•
Quaint
•
Close-Knit
•
Welcoming
•
Convenient
•
Situated in the heart of Central Indiana, Franklin boasts an exciting blend of historic tradition and modern innovation. This blend is most evident in Franklin’s downtown area, where rows of specialty shops, coffeehouses, and restaurants occupy historic buildings, lending a modern flair to its vintage appeal. Franklin College is also located in Downtown Franklin, contributing an array of cultural and sporting events to the community.
The Franklin community gathers downtown for a bevy of year-round events, including Strawberries on the Square, Smoke on the Square, the Great Race, Hops and Vines, and the Holiday Lighting ceremony. Franklin is surrounded by farmland but just 20 minutes’ driving distance from Indianapolis. Residents enjoy the benefits of a historic small-town feel with all the conveniences of a suburban lifestyle. Getting around from Franklin is easy with access to I-65 and U.S. 31.
Demographics
Median Household Income
$70,633
Average: $82,494
Education
4,824
Residents Have a Degree
Job Market
13,570
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Franklin has more homeowners than renters.
Renters
33%
Non-Renters
67%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
14%
Other Education
86%
Rent Trends
As of April 2026, the average apartment rent in Franklin, IN is $850 for a studio, $1,258 for one bedroom, $1,305 for two bedrooms, and $1,820 for three bedrooms. Apartment rent in Franklin has increased by 7.0% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,258/month
712 Sq Ft
House
$1,907/month
1,760 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Franklin, IN is for everyday living.
Somewhat Walkable
Walkability
30
/ 100
Very Drivable
Drivability
80
/ 100
Fairly Bikeable
Bikeability
40
/ 100
Scores provided by
Schools
Public
Grades PK-5
281 Students
Custer Baker Intermediate School
Public
Grades K-5
727 Students
Public
Grades PK-5
561 Students
Public
Grades PK-5
326 Students
Public
Grades PK-5
510 Students
Franklin Community Middle School
Public
Grades 6-8
759 Students
Franklin Community High School
Public
Grades 9-12
1,610 Students
School data provided by
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
Data provided by
GreatSchools.org
© 2026. All rights reserved.
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
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Blue Heron Park
- Summerfield Park
- Craig Park
- Children's Garden Park
- Westside Park
Commuter Rail
Airports
- Indianapolis International
Top Apartments in Franklin
Houses for Rent in Franklin
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
Nearby House Rentals
Nearby City Guides
Methodology
† 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 February 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.