Housing data for Franklin Township (Hendricks County), IN
Franklin Township (Hendricks County), IN has an estimated 1,334 residents and 538 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Hendricks County.
3.5% of households rent.
The median gross rent is $873 a month.
Figures last updated on .
- Residents
- 1,334 (±245)
- Housing units
- 538 (±94)
- Households that rent
- 3.5%
- Median gross rent
- $873
- Residents since 2015–2019
- −10.7%
What stands out in Franklin Township (Hendricks County)
Homes built before 1980: 62.9% (±19.2 points) in Franklin Township (Hendricks County), higher than in Hendricks County (27.4%).
Households that rent: 3.5% (±3.8 points) in Franklin Township (Hendricks County), lower than in Hendricks County (21.8%).
Homes in buildings of 5 or more units: 0.9% (±9.6 points) in Franklin Township (Hendricks County), lower than in Hendricks County (11.1%).
Households that moved in since 2020: 9.3% (±8.9 points) in Franklin Township (Hendricks County), lower than in Hendricks County (25.7%).
- Age of homes in Franklin Township (Hendricks County)
- Types of homes in Franklin Township (Hendricks County)
Housing in Franklin Township (Hendricks County) at a glance
- Median rent: $873 median gross rent a month (Small sample: wide margin of error)
- Rent burden: 0.0% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 3.5% of households rent (Small sample: wide margin of error)
- Income and affordability: $104,500 median household income
- Home values: $247,400 median home value
- Homeowner costs: $1,798 median monthly cost with a mortgage
- Property taxes: $1,604 median real estate taxes a year
- Types of homes: 0.9% of homes are in buildings of 5 or more units
- Bedrooms: 75.6% of homes have 3 or more bedrooms
- Age of homes: 62.9% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 58.4% heat with propane
- Commute and cars: 28.8 minutes average trip to work
- Growth: −10.7% residents since 2015–2019
- How long people stay: 9.3% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 0.4% of homes have more than 1 person per room (Small sample: wide margin of error)
- Fair Market Rent: $1,270 Small Area FMR, 2 bedrooms (ZIP 46180)
Franklin Township (Hendricks County) against Hendricks County, its state and the nation
| Franklin Township (Hendricks County) | Hendricks County | Indiana | United States | |
|---|---|---|---|---|
| Residents | 1,334 (±245) | 183,344 (exact) | 6,851,073 (exact) | 334,922,499 |
| Housing units | 538 (±94) | 69,675 (±93) | 2,976,568 (±617) | 143,775,355 |
| Households that rent | 3.5% (±3.8 points) | 21.8% (±1.5 points) | 29.4% (±0.3 points) | 34.8% |
| Median gross rent | $873 (±$594) | $1,436 (±$48) | $1,062 (±$5) | $1,413 |
| Median household income | $104,500 (±$44,733) | $101,144 (±$2,791) | $71,957 (±$352) | $80,734 |
| Median home value | $247,400 (±$60,262) | $307,600 (±$6,334) | $218,200 (±$739) | $332,700 |
| Median real estate taxes (a year) | $1,604 (±$571) | $2,482 (±$57) | $1,614 (±$9) | $3,119 |
| Built before 1980 | 62.9% (±19.2 points) | 27.4% (±1.6 points) | 55.0% (±0.3 points) | 49.7% |
| Average commute | 28.8 minutes (±3.7) | 25.3 minutes (±0.7) | 24.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 80.5% (±14.0 points) | 94.1% (±0.9 points) | 89.9% (±0.2 points) | 91.0% |
| Median age of residents | 46.0 years (±4.7) | 38.5 years (±0.3) | 38.1 years (±0.2) | 38.9 years |
Franklin Township (Hendricks County) covers 26.3 square miles of land, about 51 residents per square mile (Census Bureau Gazetteer).
How Franklin Township (Hendricks County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,494 (±214) | 1,334 (±245) | −10.7% | Not a measurable change |
| Housing units | 599 (±79) | 538 (±94) | −10.2% | Not a measurable change |
| Median gross rent | $900 (±$279) | $873 (±$594) | −3.0% | No measurable change after inflation |
| Median home value | $169,100 (±$25,867) | $247,400 (±$60,262) | +46.3% | No measurable change after inflation |
| Median household income | $82,619 (±$43,642) | $104,500 (±$44,733) | +26.5% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,227 (±$171) | $1,798 (±$228) | +46.5% | No measurable change after inflation |
| Median real estate taxes | $1,552 (±$283) | $1,604 (±$571) | +3.4% | No measurable change after inflation |
| Households that rent | 10.0% (±7.0 points) | 3.5% (±3.8 points) | −6.5 percentage points | Not a measurable change |
| Rental vacancy rate | 8.2% (±12.4 points) | 0.0% (±75.1 points) | −8.2 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Hendricks County
Franklin Township (Hendricks County) has no police department of its own in the FBI’s figures, so this is the figure for Hendricks County as a whole.
In 2025, the police departments that report for Hendricks County recorded 104 violent and 836 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Franklin Township (Hendricks County)
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 46180 | 44% | 1,085 | — | $228,600 | $90,208 |
| 46121 | 18% | 5,271 | $1,250 | $275,700 | $89,409 |
| 46118 | 10% | 4,709 | $982 | $276,900 | $78,298 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Franklin Township (Hendricks County)
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Stilesville | 1.3 mi | — | $193,300 | 6.1% |
| Amo | 3.6 mi | $1,000 | $168,100 | 8.8% |
| Clay Township (Hendricks County) | 3.7 mi | $1,179 | $229,900 | 4.5% |
| Coatesville | 4.8 mi | $1,227 | $180,400 | 12.3% |
| Adams Township (Morgan County) | 5.4 mi | $850 | $180,400 | 7.4% |
| Clayton | 5.8 mi | $1,174 | $229,300 | 23.4% |
| Liberty Township (Hendricks County) | 5.9 mi | $999 | $313,000 | 13.1% |
| Marion Township (Putnam County) | 7.0 mi | $1,217 | $223,400 | 17.7% |
Places in Indiana most like Franklin Township (Hendricks County)
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Washington Township (Whitley County) | $920 | $313,600 | $107,096 | 5.1% |
| Scott Township (Montgomery County) | $953 | $262,600 | $105,637 | 12.3% |
| Nineveh Township | $1,013 | $265,000 | $91,477 | 3.0% |
| Franklin Township (Harrison County) | $785 | $258,000 | $95,686 | 9.7% |
| Jefferson Township (Morgan County) | $1,010 | $258,400 | $101,587 | 13.7% |
| Jackson Township (Newton County) | $1,083 | $260,900 | $93,779 | 9.6% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Indiana.
HUD Fair Market Rent for Franklin Township (Hendricks County), fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,187 | $1,336 | $1,536 | $1,991 | $2,425 |
HUD also publishes a Small Area Fair Market Rent for each ZIP code in the area; the Fair Market Rent page for this place lists its ZIP codes.
HUD income limits for Franklin Township (Hendricks County), fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $23,200 | $38,650 | $61,800 |
| 2 people | $26,500 | $44,150 | $70,600 |
| 3 people | $29,800 | $49,650 | $79,450 |
| 4 people | $33,100 | $55,150 | $88,250 |
| 5 people | $38,680 | $59,600 | $95,350 |
| 6 people | $44,360 | $64,000 | $102,400 |
| 7 people | $50,040 | $68,400 | $109,450 |
| 8 people | $55,720 | $72,800 | $116,500 |
These are the limits HUD sets for its housing programs in the Indianapolis-Carmel, IN HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $110,300.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Franklin Township (Hendricks County)
What is the median household income in Franklin Township (Hendricks County)?
The median household income in Franklin Township (Hendricks County) is $104,500 (±$44,733) a year (2020–2024 American Community Survey).
What is the average home value in Franklin Township (Hendricks County), IN?
The Census Bureau publishes the median: $247,400 (±$60,262) for owner-occupied homes in Franklin Township (Hendricks County) (2020–2024 American Community Survey).
What is the average mortgage payment in Franklin Township (Hendricks County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Franklin Township (Hendricks County), IN is $1,798 (±$228) a month, including taxes, insurance and utilities.
How much are property taxes in Franklin Township (Hendricks County)?
The median real estate tax paid by homeowners in Franklin Township (Hendricks County), IN is $1,604 (±$571) a year (2020–2024 American Community Survey).
How many homes are in Franklin Township (Hendricks County)?
Franklin Township (Hendricks County), IN has an estimated 538 (±94) housing units, occupied and vacant (2020–2024 American Community Survey).
What is the most common home size in Franklin Township (Hendricks County)?
The most common size is 3 bedrooms, 54.1% of homes in Franklin Township (Hendricks County), IN.
Is Franklin Township (Hendricks County) growing?
In Franklin Township (Hendricks County), the number of residents went from 1,494 in 2015–2019 to 1,334 in 2020–2024 (−10.7%), not a measurable change.
What ZIP codes are in Franklin Township (Hendricks County)?
The ZIP codes that cover Franklin Township (Hendricks County) are 46180, 46121, 46118.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Franklin township, Hendricks County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin township, Hendricks County, Indiana
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Franklin township, Hendricks County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Franklin township, Hendricks County, Indiana
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Franklin township, Hendricks County, Indiana
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Franklin township, Hendricks County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin township, Hendricks County, Indiana
- HUD Fair Market Rents, fiscal year 2027: Indianapolis-Carmel, IN HUD Metro FMR Area
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Indianapolis-Carmel, IN HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Franklin township, Hendricks County, Indiana (county subdivision:25414, in state:18 county:063).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .