Franklin, IN Profile: Facts & Data

Advertisement

Franklin Local Links & Resources:
Resources | ALL Franklin Content
Planning to visit Franklin? See Local Hotels

Also See: Franklin, IN ZIP Codes & ZIP Code Maps

Franklin, Indiana - Basic Facts

The City of Franklin had a population of 26,493 as of July 1, 2020. Franklin ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Franklin is located at latitude 39.4806 and longitude -86.055 in Johnson County. The formal boundaries for the City of Franklin encompass a land area of 13.01 sq. miles and a water area of 0 sq. miles. Johnson County is in the Eastern time zone (GMT -5). The elevation is 725 feet.

The City of Franklin (GNIS ID: 2394808) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Franklin is located within Township of Franklin, a minor civil division (MCD) of Johnson County.


Advertisement

Franklin, IN Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 26,493 (100%)
Population in Households 24,997 (94.4%)
Population in Families 20,166 (76.1%)
Population in Group Quarters1 1,496 ( 5.6%)
Population Density 1,971
Diversity Index2 22
 
 

INCOME

Median Household Income $59,322
Average Household Income $73,215
% of Income for Mortgage4 10%
Per Capita Income $27,622
Wealth Index5 66
 

HOUSING

Total HU (Housing Units) 11,095 (100%)
Owner Occupied HU 6,456 (58.2%)
Renter Occupied HU 3,589 (32.3%)
Vacant Housing Units 1,049 ( 9.5%)
Median Home Value $139,700
Average Home Value $171,011
Housing Affordability Index3 237
 

HOUSEHOLDS

Total Households 10,046
Average Household Size 2.49
Family Households 6,706
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 1.07% 1.1%
Households 1.2% 1.19%
Families 1.09% 1.08%
Median Household Income   1.17%
Per Capita Income   1.65%
Owner Occupied HU   1.29%

Advertisement

Franklin, IN - Peer Comparisons by Rank and Percentile

The table below compares Franklin to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 40 94th
Population Density # 122 82nd
Median Household Income # 216 68th
Housing Affordability Index # 228 34th
Per Capita Income # 250 63rd
Diversity Index # 154 77th

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

Franklin, IN - Most Popular Things to Do

Also See: Nearby Hotels | Driving Directions

Use HTL Address Research for a Indiana Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2020, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Indiana Census Data Comparison Tool

Compare Indiana July 1, 2020 Data
Data:
Locations:
Highest or Lowest:
Results:

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Indiana COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.


Advertisement