About 25 miles south of Indianapolis lies the Johnson County city of Franklin, Indiana.
With a current estimated population of 26,414, Franklin is the 39th largest city in Indiana. Since 2010, the population has grown 11.40%.
Franklin offers a sparse suburban feel, with a revitalizing Downtown area.
The median age is 37.9 with an average household income of $72,640 according to World Population Review.
Caucasians make up 95.38% of the population.
The average rental amount is $880 and the median home value is $129,200.
According to Niche, it’s ranked #51 out of 115 for best suburbs to live in Indiana, #46 for best suburbs for young professionals, and #44 for suburbs with the lowest cost of living in Indiana.
A majority 67% of residents own their homes compared to 33% that rent, also reported by Niche.
Below is some additional information that will hopefully help you determine if Avon is a good place to invest for your goals.
FRANKLIN, INDIANA ZIP CODES
- 46131
FRANKLIN, INDIANA NEIGHBORHOODS
- Arbor Springs
- Deer Village
- Lynhurst
- Windstar
- Franklin Park Village
- Oakleaf Manor
- Stonybrook
- Park Forest
- Ellis
FRANKLIN, INDIANA SCHOOLS
Franklin schools are well rated. With 5,031 students in grades PK-12, there is a student-teacher ration of 20-1.
Niche gives the school system an overall grade of B+ with category breakdowns as follows:
- Academics: B
- Teachers: A
- Clubs and Activities: A
- Diversity: B-
- College Prep: B+
- Health and Safety: A-
It’s also home to Franklin College, a liberal arts school founded in 1834.
FRANKLIN, INDIANA CRIME RATES
According to BestPlaces, Franklin’s violent crime rate is ranked a 26.9 and property crime is ranked a 54.9.
This is based off of a scale of 1-100 where 1 is low crime and 100 is high crime.
Out of 291 Indiana school districts, Franklin Township is ranked 24th.
Franklin Township Crime Rates
According to BestPlaces.net, the violent crime rate in Franklin Township is ranked at a 22 out of 100, with the national average being 22.7.
The property crime rate is ranked a 44.9 compared to the national average of 35.4.
These are based on a scale of 1-100 with 1 being the lowest amount of crime to 100 being the high crime.
Conclusion
While Franklin, Indiana may not have been on your radar before, hopefully it is now!
With lower property prices, opportunities for cash flow AND appreciation, and commutable proximity to Downtown Indianapolis, this could be an ideal investment area.
Above average schools and continued population growth are just a couple more added benefits.
If you’re in need of an investor focused agent to help you on your REI journey, we would love to talk!
