The median home in Franklin, Indiana is valued at $272,551, up 1.7% year over year. Typical monthly rent is $1,664, producing a price-to-rent ratio of 13.6x — below the national average of 18x. Franklin is part of the Indianapolis-Carmel-Anderson, IN metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Indianapolis-Carmel-Anderson, IN stress score, crash risk, and 12-month forecast →

Home Value$272,551

+1.7%

Rent$1,664/mo

AFFORDABILITY

Enter your income for Franklin.

Income (annual)

Down Payment

$54,510 on $272,551

Affordable — 27.3% of income

Under the 28% guideline.

PITI$1,705

P/I27.3%

Afford$280K

Room+$7K

P&I $1,378Tax $193Ins $133

Renting $41/mo cheaper ($1,664 rent)6.50% 30yr, 20% down, county tax + IN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Indiana

Compare Franklin with other housing markets across Indiana.

Dune Acres$889K Clear Lake$747K Long Beach$720K Zionsville$661K Carmel$548K Michiana Shores$540K Ogden Dunes$467K Westfield$460K

Full Indianapolis-Carmel-Anderson, IN analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Indianapolis-Carmel-Anderson, IN metro.

View Indianapolis-Carmel-Anderson, IN metro →

FRANKLIN, IN