What percentage of people rent in Franklin Township (Marion County), IN?

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

23.9% (±2.7 points) of the occupied homes in Franklin Township (Marion County), IN are rented (2020–2024 American Community Survey).

That is 5,899 renting households against 18,829 that own their home.

In Franklin Township (Marion County), the share of households that rent went from 22.9% in 2015–2019 to 23.9% in 2020–2024 (+1.0 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 23.9% (±2.7 points)
Renting households: 5,899 (±770)
Median renter income: $55,661 (±$6,858)

Who rents and who owns in Franklin Township (Marion County)

Tenure, estimate (90% margin of error)
	Franklin Township (Marion County)	Marion County	Indiana	United States
Renter-occupied share	23.9% (±2.7 points)	43.5% (±0.7 points)	29.4% (±0.3 points)	34.8%
Renting households	5,899 (±770)	173,991 (±3,120)	799,766 (±7,038)	45,017,354
Owning households	18,829 (±759)	226,441 (±2,971)	1,916,243 (±9,865)	84,210,142
Average renter household size	2.2 (±0.2)	2.2 (±0.0)	2.2 (±0.0)	2.3
Average owner household size	2.8 (±0.1)	2.6 (±0.0)	2.6 (±0.0)	2.6
Median renter household income	$55,661 (±$6,858)	$45,770 (±$1,355)	$42,811 (±$480)	$52,966
Median owner household income	$112,172 (±$4,436)	$88,581 (±$1,414)	$87,459 (±$395)	$100,009

In Franklin Township (Marion County), the renter share is lower than in Marion County (43.5%).

It is also lower than in Indiana (29.4%).

It is lower than the national figure (34.8%).

In Marion County, Franklin Township (Marion County) ranks 15 of 25 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 547 of 1,600.

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

How renting in Franklin Township (Marion County) has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	22.9% (±2.0 points)	23.9% (±2.7 points)	+1.0 percentage points	Not a measurable change
Median gross rent	$1,053 (±$47)	$1,288 (±$118)	+22.3%	No measurable change after inflation
Median household income	$76,100 (±$2,917)	$97,383 (±$7,925)	+28.0%	No measurable change 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.

Households that rent in places near Franklin Township (Marion County)

Nearest places with a published estimate, compared with Franklin Township (Marion County)
Place	Distance	Households that rent	Compared with this place
Franklin Township (Marion County)	—	23.9% (±2.7 points)	—
Beech Grove	4.8 mi	43.8% (±6.1 points)	Higher
Southport	5.8 mi	17.2% (±5.8 points)	Lower
Clark Township (Johnson County)	6.3 mi	5.0% (±5.4 points)	Lower
Homecroft	6.4 mi	3.0% (±2.9 points)	Lower
Moral Township	6.7 mi	10.1% (±7.3 points)	Lower
Warren Township (Marion County)	6.8 mi	40.0% (±2.3 points)	Higher
New Palestine	7.2 mi	19.7% (±6.6 points)	Not measurably different
Greenwood	7.2 mi	40.7% (±2.9 points)	Higher

Nearby places with a measurably lower figure: Southport, IN (17.2%), Clark Township (Johnson County), IN (5.0%), Homecroft, IN (3.0%).

Nearby places with a measurably higher figure: Beech Grove, IN (43.8%), Warren Township (Marion County), IN (40.0%), Greenwood, IN (40.7%).

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

Households that rent across Marion County, place by place

Rank	Place	Households that rent
9	Warren Township (Marion County)	40.0% (±2.3 points)
10	Perry Township (Marion County)	39.8% (±2.1 points)
11	Lawrence Township	39.7% (±2.3 points)
12	Decatur Township	38.4% (±4.3 points)
13	Lawrence	33.9% (±3.5 points)
14	Cumberland	28.7% (±7.6 points)
15	Franklin Township (Marion County)	23.9% (±2.7 points)
16	Crows Nest	23.5% (±21.0 points)
17	Rocky Ripple	18.0% (±7.4 points)
18	Southport	17.2% (±5.8 points)
19	Clermont	14.2% (±7.3 points)
20	North Crows Nest	10.3% (±13.6 points)
21	Williams Creek	8.5% (±7.6 points)

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)

How many renters are there in Franklin Township (Marion County)?

Franklin Township (Marion County) has an estimated 5,899 (±770) renting households, 23.9% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Franklin Township (Marion County)?

In Franklin Township (Marion County), the share of households that rent went from 22.9% in 2015–2019 to 23.9% in 2020–2024 (+1.0 percentage points), not a measurable change.

How big are renting households in Franklin Township (Marion County)?

A renting household in Franklin Township (Marion County) has 2.2 people on average, against 2.8 in an owned home.

How much do renters earn in Franklin Township (Marion County)?

The median renting household in Franklin Township (Marion County), IN has an income of $55,661 (±$6,858) a year, against $112,172 for households that own their home.

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.