Housing data for Franklin Township (Owen County), IN
Franklin Township (Owen County), IN has an estimated 1,077 residents and 620 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Owen County.
25.3% of households rent.
Figures last updated on .
- Residents
- 1,077 (±303)
- Housing units
- 620 (±145)
- Households that rent
- 25.3%
- Residents since 2015–2019
- −10.2%
What stands out in Franklin Township (Owen County)
Households that moved in since 2020: 8.4% (±7.0 points) in Franklin Township (Owen County), lower than in Owen County (16.5%).
Median home value: $224,000 (±$34,619) in Franklin Township (Owen County), higher than in Owen County ($172,400).
Housing in Franklin Township (Owen County) at a glance
- Rent burden: 100.0% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 25.3% of households rent (Small sample: wide margin of error)
- Income and affordability: $59,125 median household income (Small sample: wide margin of error)
- Home values: $224,000 median home value
- Homeowner costs: $1,205 median monthly cost with a mortgage
- Property taxes: $1,215 median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 67.1% of homes have 3 or more bedrooms
- Age of homes: 37.0% of homes were built before 1980
- Vacancy rate: 17.9% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 31.9% heat with wood
- Commute and cars: 39.4 minutes average trip to work
- Growth: −10.2% residents since 2015–2019
- How long people stay: 8.4% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 5.3% of homes have more than 1 person per room (Small sample: wide margin of error)
Franklin Township (Owen County) against Owen County, its state and the nation
| Franklin Township (Owen County) | Owen County | Indiana | United States | |
|---|---|---|---|---|
| Residents | 1,077 (±303) | 21,604 (exact) | 6,851,073 (exact) | 334,922,499 |
| Housing units | 620 (±145) | 9,918 (±27) | 2,976,568 (±617) | 143,775,355 |
| Households that rent | 25.3% (±14.6 points) | 18.6% (±2.5 points) | 29.4% (±0.3 points) | 34.8% |
| Median gross rent | — | $911 (±$62) | $1,062 (±$5) | $1,413 |
| Median household income | $59,125 (±$48,425) | $62,464 (±$5,041) | $71,957 (±$352) | $80,734 |
| Median home value | $224,000 (±$34,619) | $172,400 (±$11,458) | $218,200 (±$739) | $332,700 |
| Median real estate taxes (a year) | $1,215 (±$329) | $1,145 (±$81) | $1,614 (±$9) | $3,119 |
| Built before 1980 | 37.0% (±15.0 points) | 47.5% (±4.8 points) | 55.0% (±0.3 points) | 49.7% |
| Average commute | 39.4 minutes (±17.8) | 35.5 minutes (±2.6) | 24.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 65.3% (±14.1 points) | 81.2% (±2.4 points) | 89.9% (±0.2 points) | 91.0% |
| Median age of residents | 45.8 years (±7.9) | 45.0 years (±0.3) | 38.1 years (±0.2) | 38.9 years |
Franklin Township (Owen County) covers 35.1 square miles of land, about 31 residents per square mile (Census Bureau Gazetteer).
How Franklin Township (Owen County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,199 (±230) | 1,077 (±303) | −10.2% | Not a measurable change |
| Housing units | 534 (±86) | 620 (±145) | +16.1% | Not a measurable change |
| Median home value | $88,800 (±$41,041) | $224,000 (±$34,619) | +152.3% | Up after inflation |
| Median household income | $53,693 (±$14,525) | $59,125 (±$48,425) | +10.1% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,319 (±$483) | $1,205 (±$266) | −8.6% | No measurable change after inflation |
| Median real estate taxes | $736 (±$350) | $1,215 (±$329) | +65.1% | No measurable change after inflation |
| Households that rent | 8.0% (±6.6 points) | 25.3% (±14.6 points) | +17.3 percentage points | Measurable increase |
| Rental vacancy rate | 0.0% (±47.5 points) | 17.9% (±25.5 points) | +17.9 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.
ZIP codes in Franklin Township (Owen County)
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 47431 | 48% | 1,662 | $742 | $163,500 | $61,948 |
| 47460 | 11% | 11,006 | $853 | $193,000 | $68,447 |
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 (Owen County)
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Clay Township (Owen County) | 5.4 mi | $711 | $199,500 | 9.0% |
| Lafayette Township (Owen County) | 6.1 mi | $1,218 | $164,500 | 12.5% |
| Spencer | 6.8 mi | $798 | $162,900 | 32.9% |
| Highland Township (Greene County) | 7.0 mi | — | $157,500 | 0.0% |
| Jefferson Township (Owen County) | 7.7 mi | $645 | $147,700 | 11.9% |
| Washington Township (Owen County) | 8.3 mi | $862 | $191,200 | 23.8% |
| Beech Creek Township | 8.4 mi | $782 | $235,300 | 13.9% |
| Jefferson Township (Greene County) | 8.7 mi | $605 | $120,700 | 16.6% |
HUD Fair Market Rent for Franklin Township (Owen County), fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $818 | $914 | $1,014 | $1,244 | $1,606 |
HUD income limits for Franklin Township (Owen County), fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $17,850 | $29,700 | $47,500 |
| 2 people | $21,640 | $33,950 | $54,300 |
| 3 people | $27,320 | $38,200 | $61,100 |
| 4 people | $33,000 | $42,400 | $67,850 |
| 5 people | $38,680 | $45,800 | $73,300 |
| 6 people | $44,360 | $49,200 | $78,750 |
| 7 people | $50,040 | $52,600 | $84,150 |
| 8 people | $55,720 | $56,000 | $89,600 |
These are the limits HUD sets for its housing programs in the Owen County, IN HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $84,000.
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 (Owen County)
What is the average home value in Franklin Township (Owen County), IN?
The Census Bureau publishes the median: $224,000 (±$34,619) for owner-occupied homes in Franklin Township (Owen County) (2020–2024 American Community Survey).
What is the average mortgage payment in Franklin Township (Owen County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Franklin Township (Owen County), IN is $1,205 (±$266) a month, including taxes, insurance and utilities.
How much are property taxes in Franklin Township (Owen County)?
The median real estate tax paid by homeowners in Franklin Township (Owen County), IN is $1,215 (±$329) a year (2020–2024 American Community Survey).
How many homes are in Franklin Township (Owen County)?
Franklin Township (Owen County), IN has an estimated 620 (±145) housing units, occupied and vacant (2020–2024 American Community Survey).
What is the most common home size in Franklin Township (Owen County)?
The most common size is 3 bedrooms, 52.4% of homes in Franklin Township (Owen County), IN.
How old are most homes in Franklin Township (Owen County)?
37.0% of homes in Franklin Township (Owen County), IN were built before 1980 (2020–2024 American Community Survey).
Is Franklin Township (Owen County) growing?
In Franklin Township (Owen County), the number of residents went from 1,199 in 2015–2019 to 1,077 in 2020–2024 (−10.2%), not a measurable change.
What ZIP codes are in Franklin Township (Owen County)?
The ZIP codes that cover Franklin Township (Owen County) are 47431, 47460.
What is the median rent in ZIP code 47431?
The median gross rent in ZIP Code Tabulation Area 47431 is $742 (±$558) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Franklin township, Owen County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin township, Owen County, Indiana
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Franklin township, Owen County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Franklin township, Owen County, Indiana
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Franklin township, Owen County, Indiana
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Franklin township, Owen County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin township, Owen County, Indiana
- HUD Fair Market Rents, fiscal year 2027: Owen County, IN HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Owen County, 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, Owen County, Indiana (county subdivision:25540, in state:18 county:119).
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 .