The Most Affordable Neighborhoods in West Franklin, IN by Home Value

 

West Franklin, IN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the West Franklin area can be challenging. Home prices in West Franklin are now at a median cost of $195,229, higher than the Indiana average of $175,617.

The average cost of rent is $744/mo in West Franklin, primarily driven by the current value of real estate in the West Franklin area. While nearly 37.26% of residents own their homes outright in West Franklin, 14.52% rent.

Housing affordability isn’t just about home prices, though. The average household income in West Franklin is $8,721 per month. Households that rent pay about 8.53% of their income on rent here. West Franklin's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.


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