What is the rental vacancy rate in Franklin Township (Marion County), IN?

Name: Vacancy rate 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 rental vacancy rate in Franklin Township (Marion County), IN is 3.7% (±2.9 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 0.0% (±0.2 points).

831 (±287) homes, 3.3% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Franklin Township (Marion County), the rental vacancy rate went from 6.2% in 2015–2019 to 3.7% in 2020–2024 (−2.5 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Rental vacancy rate: 3.7% (±2.9 points)
Homeowner vacancy rate: 0.0% (±0.2 points)
Vacant homes: 831 (±287)

Vacancy in 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
Rental vacancy rate	3.7% (±2.9 points)	4.9% (±0.5 points)	5.6% (±0.3 points)	5.5%
Homeowner vacancy rate	0.0% (±0.2 points)	1.2% (±0.2 points)	0.8% (±0.1 points)	0.9%
Vacant housing units	831 (±287)	40,608 (±1,898)	260,559 (±6,417)	14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Franklin Township (Marion County), the rental vacancy rate is not measurably different from Marion County (4.9%).

It is not measurably different from Indiana (5.6%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Franklin Township (Marion County)

Nearest places with a published estimate, compared with Franklin Township (Marion County)
Place	Distance	Rental vacancy rate	Compared with this place
Franklin Township (Marion County)	—	3.7% (±2.9 points)	—
Beech Grove	4.8 mi	4.0% (±3.8 points)	Not measurably different
Southport	5.8 mi	0.0% (±25.0 points)	Not measurably different
Clark Township (Johnson County)	6.3 mi	0.0% (±47.5 points)	Not measurably different
Homecroft	6.4 mi	0.0% (±96.0 points)	Not measurably different
Moral Township	6.7 mi	0.0% (±19.2 points)	Not measurably different
Warren Township (Marion County)	6.8 mi	4.5% (±1.4 points)	Not measurably different
New Palestine	7.2 mi	16.7% (±16.4 points)	Not measurably different
Greenwood	7.2 mi	5.7% (±2.7 points)	Not measurably different

None of the nearby places differs measurably from this one on this figure.

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

Rental vacancy rate across Marion County, place by place

Rank	Place	Rental vacancy rate
6	Center Township (Marion County)	5.2% (±1.0 points)
7	Indianapolis	5.0% (±0.6 points)
8	Warren Township (Marion County)	4.5% (±1.4 points)
9 (tie)	Beech Grove	4.0% (±3.8 points)
9 (tie)	Perry Township (Marion County)	4.0% (±1.5 points)
11	Decatur Township	3.9% (±2.7 points)
12	Franklin Township (Marion County)	3.7% (±2.9 points)
13	Wayne Township (Marion County)	2.8% (±1.0 points)
14	Pike Township (Marion County)	2.6% (±1.3 points)
15	Speedway	1.1% (±1.1 points)
16 (tie)	Clermont	0.0% (±35.0 points)
16 (tie)	Crows Nest	0.0% (±100.0 points)
16 (tie)	Cumberland	0.0% (±4.9 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.

What you can do on Seayora in Franklin Township (Marion County)

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Franklin Township (Marion County), save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Franklin Township (Marion County) beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Franklin Township (Marion County), and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Franklin Township (Marion County)

Is it hard to find a rental in Franklin Township (Marion County)?

The rental vacancy rate in Franklin Township (Marion County), IN is 3.7% (±2.9 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Franklin Township (Marion County) tighter than it was?

In Franklin Township (Marion County), the rental vacancy rate went from 6.2% in 2015–2019 to 3.7% in 2020–2024 (−2.5 percentage points), not a measurable change.

How many homes are vacant in Franklin Township (Marion County)?

An estimated 831 (±287) housing units, 3.3% of the total, including seasonal homes and homes waiting to be sold or rented.

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 DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

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.