What is the median home value in Franklin Township (Marion County), IN?

Name: Home values in Franklin Township (Marion County), IN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Franklin Township (Marion County), IN is $270,200 (±$12,733), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Franklin Township (Marion County), the median home value went from $164,400 in 2015–2019 to $270,200 in 2020–2024 (+64.4%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median home value: $270,200 (±$12,733)
Owner-occupied homes: 18,829 (±759)
Most common range: $300,000 to $499,999

Home values in Franklin Township (Marion County)

Owner-occupied homes by value, 2020–2024
Value	Franklin Township (Marion County)	Marion County	Indiana	United States
Less than $50,000	1.5% (±0.7 points)	4.0%	6.0%	5.3%
$50,000 to $99,999	0.9% (±0.7 points)	8.1%	10.1%	6.1%
$100,000 to $149,999	7.1% (±2.7 points)	12.3%	12.7%	6.8%
$150,000 to $199,999	16.6% (±3.0 points)	17.0%	15.8%	9.0%
$200,000 to $299,999	31.7% (±3.0 points)	30.2%	25.1%	17.8%
$300,000 to $499,999	34.9% (±3.1 points)	20.7%	21.8%	26.9%
$500,000 to $999,999	6.7% (±1.6 points)	6.6%	7.3%	20.9%
$1,000,000 or more	0.6% (±0.5 points)	1.1%	1.2%	7.1%

The most common range is $300,000 to $499,999, 34.9% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Franklin Township (Marion County) against Marion County, its state and the nation

Estimate (90% margin of error)
	Franklin Township (Marion County)	Marion County	Indiana	United States
Median home value	$270,200 (±$12,733)	$224,000 (±$2,242)	$218,200 (±$739)	$332,700
Owner-occupied homes	18,829 (±759)	226,441 (±2,971)	1,916,243 (±9,865)	84,210,142

In Franklin Township (Marion County), the median home value is higher than in Marion County ($224,000).

It is also higher than in Indiana ($218,200).

It is lower than the national figure ($332,700).

In Marion County, Franklin Township (Marion County) ranks 8 of 25 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 225 of 1,574.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Franklin Township (Marion County) have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$164,400 (±$3,748)	$270,200 (±$12,733)	+64.4%	Up after inflation
Median owner cost with a mortgage	$1,270 (±$33)	$1,569 (±$49)	+23.5%	No measurable change after inflation
Median real estate taxes	$1,797 (±$67)	$2,519 (±$102)	+40.2%	Up after inflation

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.

Median home value in places near Franklin Township (Marion County)

Nearest places with a published estimate, compared with Franklin Township (Marion County)
Place	Distance	Median home value	Compared with this place
Franklin Township (Marion County)	—	$270,200 (±$12,733)	—
Beech Grove	4.8 mi	$182,600 (±$9,441)	Lower
Southport	5.8 mi	$206,300 (±$12,674)	Lower
Clark Township (Johnson County)	6.3 mi	$388,400 (±$59,959)	Higher
Homecroft	6.4 mi	$231,600 (±$13,124)	Lower
Moral Township	6.7 mi	$301,200 (±$39,826)	Not measurably different
Warren Township (Marion County)	6.8 mi	$180,400 (±$6,280)	Lower
New Palestine	7.2 mi	$357,500 (±$29,981)	Higher
Greenwood	7.2 mi	$276,100 (±$8,190)	Not measurably different

Nearby places with a measurably lower figure: Beech Grove, IN ($182,600), Southport, IN ($206,300), Homecroft, IN ($231,600).

Nearby places with a measurably higher figure: Clark Township (Johnson County), IN ($388,400), New Palestine, IN ($357,500).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Marion County, place by place

Rank	Place	Median home value
2	North Crows Nest	$1,557,700 (±$517,959)
3	Williams Creek	$1,201,400 (±$233,831)
4	Meridian Hills	$661,700 (±$43,072)
5	Wynnedale	$350,000 (±$67,908)
6	Spring Hill	$327,300 (±$35,584)
7	Washington Township (Marion County)	$318,700 (±$7,274)
8	Franklin Township (Marion County)	$270,200 (±$12,733)
9	Lawrence Township	$253,300 (±$8,278)
10	Cumberland	$239,200 (±$27,105)
11	Homecroft	$231,600 (±$13,124)
12	Lawrence	$230,100 (±$8,648)
13	Speedway	$228,600 (±$7,115)
14	Indianapolis	$224,800 (±$2,289)

Showing 13 of 25 places in Marion County, ranked from highest to lowest.

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 (Marion County)

What is the average home value in Franklin Township (Marion County), IN?

The Census Bureau publishes the median: $270,200 (±$12,733) for owner-occupied homes in Franklin Township (Marion County) (2020–2024 American Community Survey).

Have home values in Franklin Township (Marion County) gone up?

In Franklin Township (Marion County), the median home value went from $164,400 in 2015–2019 to $270,200 in 2020–2024 (+64.4%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Franklin Township (Marion County) sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

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, Marion County, Indiana (county subdivision:25504, in state:18 county:097).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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.