What percentage of people rent in Franklin Township (Randolph County), IN?
24.4% (±10.2 points) of the occupied homes in Franklin Township (Randolph County), IN are rented (2020–2024 American Community Survey).
That is 116 renting households against 360 that own their home.
In Franklin Township (Randolph County), the share of households that rent went from 16.5% in 2015–2019 to 24.4% in 2020–2024 (+7.9 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 24.4% (±10.2 points)
- Renting households
- 116 (±50)
Who rents and who owns in Franklin Township (Randolph County)
| Franklin Township (Randolph County) | Randolph County | Indiana | United States | |
|---|---|---|---|---|
| Renter-occupied share | 24.4% (±10.2 points) | 22.7% (±2.6 points) | 29.4% (±0.3 points) | 34.8% |
| Renting households | 116 (±50) | 2,355 (±278) | 799,766 (±7,038) | 45,017,354 |
| Owning households | 360 (±88) | 8,009 (±315) | 1,916,243 (±9,865) | 84,210,142 |
| Average renter household size | 2.5 (±0.6) | 2.1 (±0.1) | 2.2 (±0.0) | 2.3 |
| Average owner household size | 2.3 (±0.4) | 2.4 (±0.1) | 2.6 (±0.0) | 2.6 |
| Median renter household income | — | $30,332 (±$3,867) | $42,811 (±$480) | $52,966 |
| Median owner household income | $39,714 (±$7,471) | $72,140 (±$2,920) | $87,459 (±$395) | $100,009 |
In Franklin Township (Randolph County), the renter share is not measurably different from Randolph County (22.7%).
It is not measurably different from Indiana (29.4%).
It is lower than the national figure (34.8%).
In Randolph County, Franklin Township (Randolph County) ranks 12 of 20 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 524 of 1,600.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Franklin Township (Randolph County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 16.5% (±7.2 points) | 24.4% (±10.2 points) | +7.9 percentage points | Not a measurable change |
| Median gross rent | $590 (±$66) | $625 (±$288) | +5.9% | No measurable change after inflation |
| Median household income | $45,962 (±$8,849) | $39,097 (±$4,217) | −14.9% | Down 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 (Randolph County)
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Franklin Township (Randolph County) | — | 24.4% (±10.2 points) | — |
| Ridgeville | 1.6 mi | 22.1% (±11.1 points) | Not measurably different |
| Ward Township | 4.6 mi | 19.4% (±8.4 points) | Not measurably different |
| Jefferson Township (Jay County) | 5.6 mi | 16.1% (±13.3 points) | Not measurably different |
| Green Township (Randolph County) | 5.9 mi | 19.0% (±16.2 points) | Not measurably different |
| Monroe Township (Randolph County) | 7.0 mi | 27.5% (±6.1 points) | Not measurably different |
| Farmland | 7.2 mi | 44.0% (±10.0 points) | Higher |
| Saratoga | 7.3 mi | 32.9% (±16.0 points) | Not measurably different |
| Redkey | 7.8 mi | 25.5% (±8.3 points) | Not measurably different |
Nearby places with a measurably higher figure: Farmland, IN (44.0%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Randolph County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 6 | Wayne Township (Randolph County) | 29.3% (±8.0 points) |
| 7 | Lynn | 27.6% (±13.4 points) |
| 8 | Monroe Township (Randolph County) | 27.5% (±6.1 points) |
| 9 | Parker City | 26.7% (±7.7 points) |
| 10 | White River Township (Randolph County) | 24.9% (±5.3 points) |
| 11 | Losantville | 24.7% (±16.3 points) |
| 12 | Franklin Township (Randolph County) | 24.4% (±10.2 points) |
| 13 | Ridgeville | 22.1% (±11.1 points) |
| 14 | Ward Township | 19.4% (±8.4 points) |
| 15 | Green Township (Randolph County) | 19.0% (±16.2 points) |
| 16 | Washington Township (Randolph County) | 18.6% (±9.1 points) |
| 17 | Stoney Creek Township (Randolph County) | 13.8% (±11.7 points) |
| 18 | Union Township (Randolph County) | 13.4% (±5.8 points) |
Showing 13 of 20 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)
How many renters are there in Franklin Township (Randolph County)?
Franklin Township (Randolph County) has an estimated 116 (±50) renting households, 24.4% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Franklin Township (Randolph County)?
In Franklin Township (Randolph County), the share of households that rent went from 16.5% in 2015–2019 to 24.4% in 2020–2024 (+7.9 percentage points), not a measurable change.
How big are renting households in Franklin Township (Randolph County)?
A renting household in Franklin Township (Randolph County) has 2.5 people on average, against 2.3 in an owned home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin township, Randolph County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Franklin township, Randolph County, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Franklin township, Randolph County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin township, Randolph County, Indiana
- Median Household Income (B19013), 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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free 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.
Figures last updated on .
Related
- Housing in Franklin Township (Randolph County) at a glance
- Median rent 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 share of renters
- Housing data for every place in Indiana