2 min read

Where to Invest in Indianapolis: Franklin, IN

Aug 30, 2021 10:00:00 AM

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.Franklin, IN

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 Report

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 ranked #82 of 291 for best school districts in the state, #47 for best school district for athletes, and #79 for schools with the best teachers. 

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. 

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!

Speak with an Expert Realtor

 

Devon L. Hicks

Written by Devon L. Hicks

As well as being a licensed Realtor, Devon has her Bachelors in Marketing from Missouri State University and utilizes her skills in a variety of ways to educate and advise real estate investors in the Central Indiana region.

Featured