Median home value: $273K (+1.7% YoY). Rent: $1,664/mo. Price-to-rent: 13.6x. Part of Indianapolis-Carmel-Anderson, IN.
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Basic Zillow data only. For stress scores, AI analysis, and trends, Indianapolis-Carmel-Anderson, IN metro page.
Home Value$272,551
+1.7%
Rent$1,664/mo
AFFORDABILITYBuying $30/mo cheaper ($1,664 rent)6.00% 30yr, 20% down, county tax + IN ins. 28% per HUD.
Enter your income for Franklin.
$54,510 on $272,551
Affordable — 26.1% of income
Under the 28% guideline.
PITI$1,634
P/I26.1%
Afford$292K
Room+$19K
P&I $1,307Tax $193Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing