Zip 46131 (Franklin, IN) Housing

The housing median value in 46131 Franklin, IN is $244,800, which is lower than the US House Median Value of $338,100. However, the 1 year house appreciation rate in 46131 Franklin, IN is 13.55%, which is higher than the US 1 year House Appreciation rate of 8.27%. This suggests that housing in 46131 Franklin, IN may be an attractive investment opportunity for potential buyers and investors due to its higher home value appreciation rate compared to the national average.

The median home cost in Franklin (zip 46131) is $244,800. Home appreciation the last 10 years has been 95.7%. Home Appreciation in Franklin (zip 46131) is up 17.9%.

Average Age of Homes

- The median age of Franklin (zip 46131) real estate is 30 years old

The Rental Market in Franklin (zip 46131)

- Renters make up 29.8% of the Franklin (zip 46131) population
- 1.6% of houses and apartments in Franklin (zip 46131), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Franklin, Indiana	United States
	12,736.0	139,647,020.0
	32	42
	$244,800	$338,100
	17.9%	16.6%
	66.2%	57.0%
	95.7%	101.1%
	$8.74	$10.98
	$1,524	$2,690
	66.5%	57.4%
	6.5%	11.2%
	27.0%	31.4%
Vacant Housing
	1.6%	1.9%
	0.2%	0.4%
	0.0%	0.7%
	1.0%	0.4%
	0.6%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	3.5%	2.6%
	1.5%	2.4%
	1.5%	2.8%
	2.8%	3.9%
	4.6%	4.5%
	22.1%	11.3%
	24.3%	13.0%
	22.8%	20.1%
	11.2%	13.6%
	3.0%	8.3%
	2.2%	9.7%
	0.1%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	17.8%	13.6%
	17.8%	13.6%
	20.2%	13.6%
	10.7%	13.2%
	7.2%	14.8%
	20.2%	13.6%
	6.9%	10.0%
	4.5%	4.7%
	12.6%	12.2%

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