What is the median rent in Franklin Township (Randolph County), IN?
The median gross rent in Franklin Township (Randolph County), IN is $625 (±$288) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 105 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Franklin Township (Randolph County), the median gross rent went from $590 in 2015–2019 to $625 in 2020–2024 (+5.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $625 (±$288)
- Rented homes
- 105 (±47)
- $2,000 or more
- 0.0%
- Since 2015–2019
- +5.9%
How much rent costs in Franklin Township (Randolph County)
| Monthly gross rent | Franklin Township (Randolph County) | Randolph County | Indiana | United States |
|---|---|---|---|---|
| Less than $500 | 6.7% (±9.4 points) | 16.8% | 7.1% | 6.3% |
| $500 to $999 | 83.8% (±16.2 points) | 58.7% | 36.9% | 20.2% |
| $1,000 to $1,499 | 9.5% (±11.9 points) | 18.6% | 38.5% | 28.1% |
| $1,500 to $1,999 | 0.0% (±29.2 points) | 4.6% | 12.0% | 21.1% |
| $2,000 to $2,499 | 0.0% (±29.2 points) | 0.0% | 3.6% | 12.0% |
| $2,500 to $2,999 | 0.0% (±29.2 points) | 1.2% | 1.0% | 5.5% |
| $3,000 or more | 0.0% (±29.2 points) | 0.0% | 0.9% | 6.8% |
The most common range is $500 to $999, paid by 83.8% of renting households.
0.0% of rented homes in Franklin Township (Randolph County) cost $2,000 or more a month.
Franklin Township (Randolph County) against Randolph County, its state and the nation
| Franklin Township (Randolph County) | Randolph County | Indiana | United States | |
|---|---|---|---|---|
| Median gross rent | $625 (±$288) | $723 (±$43) | $1,062 (±$5) | $1,413 |
| Rented homes paying rent | 105 (±47) | 2,130 (±257) | 758,146 (±6,704) | 42,849,984 |
In Franklin Township (Randolph County), median gross rent is not measurably different from Randolph County ($723).
It is also lower than in Indiana ($1,062).
It is lower than the national figure ($1,413).
In Randolph County, Franklin Township (Randolph County) ranks 15 of 18 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 1152 of 1,204.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Franklin Township (Randolph County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $590 (±$66) | $625 (±$288) | +5.9% | No measurable change after inflation |
| Households that rent | 16.5% (±7.2 points) | 24.4% (±10.2 points) | +7.9 percentage points | Not a measurable change |
| Rental vacancy rate | 6.8% (±10.5 points) | 0.0% (±26.7 points) | −6.8 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.
Median gross rent in places near Franklin Township (Randolph County)
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Franklin Township (Randolph County) | — | $625 (±$288) | — |
| Ridgeville | 1.6 mi | $736 (±$180) | Not measurably different |
| Ward Township | 4.6 mi | $689 (±$118) | Not measurably different |
| Green Township (Randolph County) | 5.9 mi | $1,679 (±$359) | Higher |
| Monroe Township (Randolph County) | 7.0 mi | $818 (±$143) | Not measurably different |
| Farmland | 7.2 mi | $832 (±$132) | Not measurably different |
| Saratoga | 7.3 mi | $755 (±$137) | Not measurably different |
| Redkey | 7.8 mi | $905 (±$184) | Not measurably different |
| White River Township (Randolph County) | 7.8 mi | $805 (±$108) | Not measurably different |
Nearby places with a measurably higher figure: Green Township (Randolph County), IN ($1,679).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Randolph County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 9 | Modoc | $746 (±$366) |
| 10 | Ridgeville | $736 (±$180) |
| 11 | Parker City | $717 (±$391) |
| 12 | Ward Township | $689 (±$118) |
| 13 | Washington Township (Randolph County) | $674 (±$43) |
| 14 | Lynn | $661 (±$40) |
| 15 (tie) | Franklin Township (Randolph County) | $625 (±$288) |
| 15 (tie) | Wayne Township (Randolph County) | $625 (±$168) |
| 17 | Union City | $595 (±$204) |
| 18 | Greensfork Township | $530 (±$68) |
Showing 10 of 18 places in Randolph 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 (Randolph County)
What is the average rent in Franklin Township (Randolph County), IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Franklin Township (Randolph County) is $625 (±$288) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Franklin Township (Randolph County)?
In Franklin Township (Randolph County), the median gross rent went from $590 in 2015–2019 to $625 in 2020–2024 (+5.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Franklin Township (Randolph County) cost more than $2,000 a month?
0.0% of rented homes in Franklin Township (Randolph County) have a gross rent of $2,000 or more a month, and 6.7% cost less than $500.
Is rent in Franklin Township (Randolph County) higher than in Randolph County?
In Franklin Township (Randolph County), median gross rent is not measurably different from Randolph County ($723).
It is also lower than in Indiana ($1,062).
It is lower than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin township, Randolph County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin township, Randolph County, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Franklin township, Randolph County, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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, Randolph County, Indiana (county subdivision:25594, in state:18 county:135).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
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 .
Related
- Housing in Franklin Township (Randolph County) at a glance
- Renters and owners in Franklin Township (Randolph County)
- Income and affordability in Franklin Township (Randolph County)
- Home values in Franklin Township (Randolph County)
- Homeowner costs in Franklin Township (Randolph County)
- Property taxes in Franklin Township (Randolph County)
- Types of homes in Franklin Township (Randolph County)
- Bedrooms in Franklin Township (Randolph County)
- Age of homes in Franklin Township (Randolph County)
- Heating fuel in Franklin Township (Randolph County)
- Commute and cars in Franklin Township (Randolph County)
- Population growth in Franklin Township (Randolph County)
- Indiana landlord and tenant rules
- Housing across Randolph County
- Indiana places ranked by median rent
- Housing data for every place in Indiana