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Organized in the 1820s, Franklin Township is another one of the 9 Marion County townships.
Located in the southeast corner, it was one of the last areas in Marion County to see heavy suburban land development.
Despite efforts to maintain a rural atmosphere, Franklin Township has seen a population explosion in recent years.
However, it’s a more expensive area to penetrate. You can certainly find cash flow, but Franklin Township is generally more of an appreciation play with home values being on the higher side.
It’s a desirable area for families and has proven to be a fairly solid rental market. The good schools and lower crime rates make this a desirable location for families.
As of 2016, the population in Franklin Township was 56,462. According to Niche, the current median household income is $71,706.
With an unemployment rate of 3.5% and projected future job growth of 37.5%, Franklin Township has a fairly strong local economy.
Of the 1,293 homes that were sold on the MLS in Franklin Township in the past year, the median sale price was $180,000. Of the 293 homes that were leased in the last year, the median rental amount was $1,295.
According to Niche, 75% of the population owns their homes versus 25% who rent.
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.
Franklin Township no doubt offers some great aspects for investors.
The good schools and lower crime rates make this a desirable location for families.
However, it’s a more expensive area to penetrate. You can certainly find cash flow, but Franklin Township is generally more of an appreciation play with home values being on the higher side.
T&H Realty is working with Owner Clients to add Franklin Township rental properties to their portfolios. If you are interested in finding properties in that area, our brokerage would be more than happy to help you purchase a property.
