Population 2,696 · Census ACS 2020–24
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Population and households in Frankton
Household size in Frankton
| Period | Frankton | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.57 | 2.60 | 2.57 | 2.68 |
| 2010–14 | 2.55 | 2.63 | 2.59 | 2.73 |
| 2015–19 | 2.65 | 2.63 | 2.57 | 2.71 |
| 2020–24 | 2.49 | 2.59 | 2.54 | 2.65 |
| Change | −0.09 | −0.01 | −0.03 | −0.03 |
The average household in Frankton has 2.49 people, under the U.S. average of 2.65.
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 Frankton
| Period | Frankton | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 40.0 | 36.3 | 37.5 | 37.7 |
| 2010–14 | 41.2 | 37.0 | 38.4 | 38.6 |
| 2015–19 | 41.8 | 37.7 | 39.1 | 39.6 |
| 2020–24 | 42.9 | 38.2 | 39.3 | 40.1 |
| Change | +2.9 | +1.9 | +1.7 | +2.3 |
The median resident of Frankton is 42.9 years old, older than the national median of 40.1. The median age has climbed from 40.0 in 2006–10, but in a place this small, much of that may be survey noise rather than real change.
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 Frankton
| Period | Frankton | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.9% | 12.7% | 11.8% | 12.3% |
| 2010–14 | 11.5% | 12.8% | 12.0% | 12.3% |
| 2015–19 | 13.6% | 12.0% | 11.6% | 11.6% |
| 2020–24 | 7.5% | 11.8% | 11.7% | 11.6% |
| Change | −2.5 pts | −0.9 pts | −0.1 pts | −0.6 pts |
Single parents head only 7.5% of households in Frankton, well below the national share of 11.6%.
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 Frankton
Renters in Frankton
| Period | Frankton | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 15.0% | 31.4% | 28.5% | 33.3% |
| 2010–14 | 17.5% | 34.2% | 30.5% | 35.6% |
| 2015–19 | 23.2% | 34.8% | 30.9% | 36.0% |
| 2020–24 | 11.9% | 33.2% | 29.4% | 34.8% |
| Change | −3.1 pts | +1.8 pts | +1.0 pts | +1.5 pts |
Frankton is overwhelmingly a place of homeowners: only 11.9% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. About four in ten owners (40.8%) have paid off their mortgages, about the same as nationally.
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 Frankton
| Period | Frankton | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.7% | 11.2% | 11.2% | 11.4% |
| 2010–14 | 10.1% | 10.6% | 11.2% | 11.4% |
| 2015–19 | 9.8% | 9.6% | 10.9% | 11.1% |
| 2020–24 | 8.9% | 8.0% | 9.3% | 9.6% |
| Change | −0.7 pts | −3.2 pts | −2.0 pts | −1.8 pts |
About as many homes sit empty in Frankton as nationally: 8.9%, against 9.6%.
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 Frankton
| Period | Frankton | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 1964 | 1978 | 1972 | 1974 |
| 2010–14 | 1960 | 1979 | 1973 | 1975 |
| 2015–19 | 1964 | 1980 | 1974 | 1977 |
| 2020–24 | 1969 | 1982 | 1977 | 1980 |
| Change | +5 | +5 | +5 | +6 |
Frankton is a place of older homes: half were built before 1969, while the national median is 1980. That means established neighborhoods, and more houses that may need updating.
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 Frankton
| Period | Frankton | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | $636 | $877 | $763 | $965 |
| 2010–14 | $803 | $946 | $819 | $1,040 |
| 2015–19 | $729 | $1,060 | $903 | $1,213 |
| 2020–24 | $1,117 | $1,368 | $1,146 | $1,571 |
| Change | +$480 | +$492 | +$384 | +$606 |
The median renter in Frankton pays $1,117 a month for rent and utilities, well below the national median of $1,571. Rent takes 17.4% of the typical renter's income, comfortably under the 30% mark often used to define affordable rent.
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 Frankton
Bachelor's degrees in Frankton
| Period | Frankton | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 12.5% | 30.9% | 23.8% | 28.4% |
| 2010–14 | 15.7% | 31.8% | 24.6% | 29.6% |
| 2015–19 | 18.2% | 35.2% | 27.1% | 32.1% |
| 2020–24 | 17.9% | 38.6% | 30.0% | 35.6% |
| Change | +5.4 pts | +7.7 pts | +6.2 pts | +7.2 pts |
College degrees are relatively uncommon in Frankton: 17.9% of adults 25 and older hold a bachelor's or higher, well below the national share of 35.6%.
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 Frankton
| Period | Frankton | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 89.8% | 88.1% | 86.5% | 84.9% |
| 2010–14 | 91.8% | 88.9% | 87.7% | 86.1% |
| 2015–19 | 92.6% | 89.6% | 88.7% | 87.7% |
| 2020–24 | 92.2% | 90.8% | 89.9% | 89.3% |
| Change | +2.5 pts | +2.8 pts | +3.4 pts | +4.3 pts |
About nine in ten adults in Frankton have finished high school (92.2%), a bit above the national rate of 89.3%. That is in line with the rest of the Indianapolis area.
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 Frankton
| Period | Frankton | Indianapolis area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 10.6% | 7.9% | 8.4% | 8.1% |
| 2010–14 | 7.3% | 9.0% | 8.9% | 9.4% |
| 2015–19 | 2.0% | 4.9% | 4.9% | 5.6% |
| 2020–24 | 3.4% | 4.1% | 4.3% | 5.4% |
| Change | −7.1 pts | −3.7 pts | −4.1 pts | −2.7 pts |
Unemployment in Frankton runs below the national rate: 3.4% of the labor force was out of work and looking, against 5.4% nationally. That is in line with the rest of the Indianapolis area. 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).
Frankton 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Frankton | 2.49 | 42.9 | 7.5% | 11.9% | 8.9% | 1969 | $1,117 | 17.9% | 92.2% | 3.4% |
| Dundee | 2.69 | 49.9 | 4.1% | 6.8% | 11.4% | 1969 | $853 | 22.3% | 97.0% | 5.2% |
| Orestes | 2.43 | 41.0 | 10.2% | 23.5% | 12.6% | 1964 | $853 | 17.4% | 91.2% | 7.3% |
| New Lancaster | 2.36 | 49.5 | 6.9% | 16.5% | 7.2% | 1967 | $824 | 23.9% | 90.5% | 4.1% |
| Elwood | 2.53 | 45.8 | 13.9% | 27.4% | 11.4% | 1955 | $902 | 13.0% | 92.6% | 5.1% |
| Alexandria | 2.45 | 38.5 | 12.5% | 26.6% | 20.7% | 1962 | $904 | 21.4% | 91.0% | 5.7% |
| Rigdon | 2.81 | 51.4 | 6.9% | 6.6% | 9.2% | 1962 | $813 | 18.5% | 95.4% | 4.2% |
| Perkinsville | 2.49 | 49.3 | 5.6% | 3.9% | 14.2% | 1968 | $950 | 26.9% | 93.2% | 4.5% |
| Moonville | 2.12 | 40.6 | 5.1% | 40.0% | 18.3% | 1972 | $792 | 14.3% | 91.2% | 2.8% |
| Woodlawn Heights | 2.70 | 41.3 | 1.3% | 13.5% | 6.4% | 1956 | $1,006 | 30.6% | 98.7% | 7.7% |
| Edgewood | 2.48 | 43.6 | 9.4% | 8.2% | 5.5% | 1959 | $976 | 37.4% | 97.1% | 1.4% |
All figures 2020–24.
Cities with similar populations: West Rutland, VT · Seneca, KS · Paddock Lake, WI · North Catasauqua, PA · Silver Lake, KS · St. Louisville, OH · Malabar, FL · Lavalette, WV · Walnut Grove, MO · Wartrace, TN
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 Frankton. 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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