Population 31,187 · Census ACS 2020–24
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Population and households in Franklin
Household size in Franklin
| Period | Franklin | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.48 | 2.60 | 2.57 | 2.68 |
| 2010–14 | 2.65 | 2.63 | 2.59 | 2.73 |
| 2015–19 | 2.63 | 2.63 | 2.57 | 2.71 |
| 2020–24 | 2.63 | 2.59 | 2.54 | 2.65 |
| Change | +0.15 | −0.01 | −0.03 | −0.03 |
At 2.63 people per household, Franklin sits close to the national average of 2.65. Household size has climbed from 2.48 in 2006–10, even as the national average fell. The biggest households, usually families with children, are concentrated in the northwest.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Franklin
| Period | Franklin | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 35.5 | 36.3 | 37.5 | 37.7 |
| 2010–14 | 37.4 | 37.0 | 38.4 | 38.6 |
| 2015–19 | 39.2 | 37.7 | 39.1 | 39.6 |
| 2020–24 | 37.1 | 38.2 | 39.3 | 40.1 |
| Change | +1.5 | +1.9 | +1.7 | +2.3 |
Franklin is younger than the country as a whole: its median age is 37.1, against 40.1 nationally. Since 2006–10, the median age has climbed from 35.5, in line with the national trend. The youngest areas are in the north, the oldest in the east.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Franklin
| Period | Franklin | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 10.8% | 12.7% | 11.8% | 12.3% |
| 2010–14 | 10.6% | 12.8% | 12.0% | 12.3% |
| 2015–19 | 11.4% | 12.0% | 11.6% | 11.6% |
| 2020–24 | 10.3% | 11.8% | 11.7% | 11.6% |
| Change | −0.5 pts | −0.9 pts | −0.1 pts | −0.6 pts |
Single-parent households are a bit less common in Franklin than nationally: 10.3%, against 11.6%. The single-parent share has barely moved since 2006–10, while the national share fell.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Franklin
Renters in Franklin
| Period | Franklin | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 29.5% | 31.4% | 28.5% | 33.3% |
| 2010–14 | 33.7% | 34.2% | 30.5% | 35.6% |
| 2015–19 | 29.0% | 34.8% | 30.9% | 36.0% |
| 2020–24 | 30.1% | 33.2% | 29.4% | 34.8% |
| Change | +0.6 pts | +1.8 pts | +1.0 pts | +1.5 pts |
About three in ten households in Franklin rent their homes (30.1%), a little below the national share of 34.8%; the rest own. About a quarter of owners (25.4%) have paid off their mortgages, well below the national share of 39.8%. Renting is most common in the center and least common in the northeast. The renter share is up 0.6 points from 2006–10, in line with the national trend.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Franklin
| Period | Franklin | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.4% | 11.2% | 11.2% | 11.4% |
| 2010–14 | 9.7% | 10.6% | 11.2% | 11.4% |
| 2015–19 | 7.5% | 9.6% | 10.9% | 11.1% |
| 2020–24 | 6.9% | 8.0% | 9.3% | 9.6% |
| Change | −2.5 pts | −3.2 pts | −2.0 pts | −1.8 pts |
Vacancy is on the low side in Franklin: 6.9% of homes sit empty, against 9.6% nationally, which points to steady demand for housing. The Indianapolis area as a whole looks much the same. Vacancy has fallen 2.5 points since 2006–10, as it has nationally.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Franklin
| Period | Franklin | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 1982 | 1978 | 1972 | 1974 |
| 2010–14 | 1981 | 1979 | 1973 | 1975 |
| 2015–19 | 1984 | 1980 | 1974 | 1977 |
| 2020–24 | 1986 | 1982 | 1977 | 1980 |
| Change | +4 | +5 | +5 | +6 |
Homes in Franklin are newer than the national norm: the median home was built in 1986, versus 1980 across the U.S. The median year built has moved up from 1982 in 2006–10, a sign of steady new building. Newer construction is concentrated in the northeast, while the center has the oldest housing.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Franklin
| Period | Franklin | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | $786 | $877 | $763 | $965 |
| 2010–14 | $860 | $946 | $819 | $1,040 |
| 2015–19 | $965 | $1,060 | $903 | $1,213 |
| 2020–24 | $1,386 | $1,368 | $1,146 | $1,571 |
| Change | +$600 | +$492 | +$384 | +$606 |
A typical rental in Franklin costs $1,386 a month with utilities, below the national median of $1,571. Rents are up $600 a month from 2006–10, a 76% jump, faster than rents rose nationally. Rent takes 26.4% of the typical renter's income, comfortably under the 30% mark often used to define affordable rent. Renters on a budget will find the lowest rents in the south; the highest are in the northeast.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Franklin
Bachelor's degrees in Franklin
| Period | Franklin | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 21.1% | 30.9% | 23.8% | 28.4% |
| 2010–14 | 22.5% | 31.8% | 24.6% | 29.6% |
| 2015–19 | 27.3% | 35.2% | 27.1% | 32.1% |
| 2020–24 | 27.1% | 38.6% | 30.0% | 35.6% |
| Change | +6.0 pts | +7.7 pts | +6.2 pts | +7.2 pts |
More than a quarter of adults 25 and older in Franklin (27.1%) have a bachelor's degree or higher, below the national share of 35.6%. Since 2006–10, the share with a degree has risen 6.0 points, mirroring the country. College graduates are most concentrated in the east and least in the northwest.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Franklin
| Period | Franklin | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 88.6% | 88.1% | 86.5% | 84.9% |
| 2010–14 | 88.9% | 88.9% | 87.7% | 86.1% |
| 2015–19 | 90.1% | 89.6% | 88.7% | 87.7% |
| 2020–24 | 90.8% | 90.8% | 89.9% | 89.3% |
| Change | +2.2 pts | +2.8 pts | +3.4 pts | +4.3 pts |
About nine in ten adults in Franklin have finished high school (90.8%), a bit above the national rate of 89.3%. The Indianapolis area as a whole looks much the same. Since 2006–10, the share with a diploma has risen 2.2 points, mirroring the country.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Franklin
| Period | Franklin | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.2% | 7.9% | 8.4% | 8.1% |
| 2010–14 | 7.6% | 9.0% | 8.9% | 9.4% |
| 2015–19 | 4.3% | 4.9% | 4.9% | 5.6% |
| 2020–24 | 3.1% | 4.1% | 4.3% | 5.4% |
| Change | −3.1 pts | −3.7 pts | −4.1 pts | −2.7 pts |
The job market in Franklin has been strong: just 3.1% of the labor force was out of work and looking, well below the national rate of 5.4%. Unemployment has fallen 3.1 points since 2006–10, mirroring the country. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Franklin compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Franklin | 2.63 | 37.1 | 10.3% | 30.1% | 6.9% | 1986 | $1,386 | 27.1% | 90.8% | 3.1% |
| Hopewell | 2.65 | 42.0 | 3.9% | 17.6% | 5.9% | 1960 | $1,439 | 47.2% | 99.3% | 0.1% |
| Urmeyville | 3.02 | 32.7 | 17.8% | 17.8% | 5.9% | 2002 | $2,068 | 27.9% | 84.0% | 2.8% |
| Mount Pleasant | 2.61 | 45.3 | 1.5% | 3.2% | 8.3% | 1970 | $1,365 | 36.7% | 96.5% | 0.0% |
| Whiteland | 2.92 | 37.3 | 13.9% | 17.2% | 5.1% | 1997 | $1,762 | 29.9% | 91.5% | 1.6% |
| New Whiteland | 2.84 | 37.4 | 12.3% | 11.8% | 10.1% | 1990 | $1,843 | 28.1% | 92.4% | 0.1% |
| Needham | 3.23 | 31.9 | 24.9% | 25.9% | 2.6% | 2004 | $2,269 | 29.9% | 77.1% | 4.0% |
| Bengal | 3.11 | 38.0 | 6.1% | 12.4% | 5.9% | 1970 | $1,151 | 23.4% | 91.4% | 1.1% |
| Bargersville | 2.85 | 35.1 | 12.5% | 25.3% | 3.6% | 1999 | $1,215 | 43.1% | 96.4% | 5.2% |
| Bud | 2.75 | 44.7 | 4.9% | 1.1% | 5.0% | 1966 | $1,416 | 24.0% | 94.3% | 0.3% |
| Marietta | 2.61 | 45.7 | 7.0% | 10.2% | 1.5% | 1990 | $753 | 25.0% | 92.0% | 1.5% |
All figures 2020–24.
Cities with similar populations: Bonney Lake, WA · Bartow, FL · Newington, CT · Milford, MA · Millville, NJ · Moultrie, GA · Mount Dora, FL · Mustang, OK · Naugatuck, CT · Newberg, OR
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Franklin. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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