Housing data for Franklin Township (Wayne County), IN
Franklin Township (Wayne County), IN has an estimated 1,191 residents and 390 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Wayne County.
12.5% of households rent.
Figures last updated on .
- Residents
- 1,191 (±324)
- Housing units
- 390 (±97)
- Households that rent
- 12.5%
- Residents since 2015–2019
- −20.8%
What stands out in Franklin Township (Wayne County)
Homes heated by fuel oil: 14.8% (±8.9 points) in Franklin Township (Wayne County), higher than in Wayne County (4.7%).
Median household income: $95,093 (±$36,827) in Franklin Township (Wayne County), higher than in Wayne County ($55,692).
Households that rent: 12.5% (±8.8 points) in Franklin Township (Wayne County), lower than in Wayne County (30.8%).
Households that moved in since 2020: 7.8% (±12.5 points) in Franklin Township (Wayne County), lower than in Wayne County (24.3%).
- Heating fuel in Franklin Township (Wayne County)
- Income and affordability in Franklin Township (Wayne County)
Housing in Franklin Township (Wayne County) at a glance
- Rent burden: 3.3% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 12.5% of households rent (Small sample: wide margin of error)
- Income and affordability: $95,093 median household income
- Home values: $170,900 median home value
- Homeowner costs: $1,346 median monthly cost with a mortgage
- Property taxes: $1,243 median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 81.3% of homes have 3 or more bedrooms (Small sample: wide margin of error)
- Age of homes: 83.4% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 38.7% heat with propane
- Commute and cars: 27.5 minutes average trip to work
- Growth: −20.8% residents since 2015–2019
- How long people stay: 7.8% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 10.4% of homes have more than 1 person per room (Small sample: wide margin of error)
Franklin Township (Wayne County) against Wayne County, its state and the nation
| Franklin Township (Wayne County) | Wayne County | Indiana | United States | |
|---|---|---|---|---|
| Residents | 1,191 (±324) | 66,397 (exact) | 6,851,073 (exact) | 334,922,499 |
| Housing units | 390 (±97) | 30,736 (±86) | 2,976,568 (±617) | 143,775,355 |
| Households that rent | 12.5% (±8.8 points) | 30.8% (±2.2 points) | 29.4% (±0.3 points) | 34.8% |
| Median gross rent | — | $815 (±$29) | $1,062 (±$5) | $1,413 |
| Median household income | $95,093 (±$36,827) | $55,692 (±$3,150) | $71,957 (±$352) | $80,734 |
| Median home value | $170,900 (±$23,930) | $140,200 (±$8,712) | $218,200 (±$739) | $332,700 |
| Median real estate taxes (a year) | $1,243 (±$259) | $1,137 (±$49) | $1,614 (±$9) | $3,119 |
| Built before 1980 | 83.4% (±21.2 points) | 78.9% (±3.4 points) | 55.0% (±0.3 points) | 49.7% |
| Average commute | 27.5 minutes (±4.8) | 21.8 minutes (±1.1) | 24.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 81.1% (±9.6 points) | 88.1% (±1.5 points) | 89.9% (±0.2 points) | 91.0% |
| Median age of residents | 40.9 years (±8.3) | 41.0 years (±0.4) | 38.1 years (±0.2) | 38.9 years |
Franklin Township (Wayne County) covers 28.4 square miles of land, about 42 residents per square mile (Census Bureau Gazetteer).
How Franklin Township (Wayne County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,504 (±250) | 1,191 (±324) | −20.8% | Not a measurable change |
| Housing units | 565 (±84) | 390 (±97) | −31.0% | Measurable decrease |
| Median home value | $124,200 (±$20,108) | $170,900 (±$23,930) | +37.6% | No measurable change after inflation |
| Median household income | $59,412 (±$14,658) | $95,093 (±$36,827) | +60.1% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,155 (±$171) | $1,346 (±$226) | +16.5% | No measurable change after inflation |
| Median real estate taxes | $992 (±$188) | $1,243 (±$259) | +25.3% | No measurable change after inflation |
| Households that rent | 12.4% (±7.3 points) | 12.5% (±8.8 points) | +0.1 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±36.3 points) | 0.0% (±48.6 points) | 0.0 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 (Wayne County)
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 47341 | 42% | 2,460 | $673 | $157,900 | $81,750 |
| 47374 | 11% | 44,615 | $820 | $130,700 | $50,766 |
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 (Wayne County)
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Whitewater | 1.7 mi | — | $112,500 | 6.9% |
| Fountain City | 3.2 mi | $671 | $96,200 | 26.9% |
| New Garden Township | 3.8 mi | $682 | $161,800 | 20.1% |
| Hollansburg | 4.7 mi | — | $69,700 | 37.5% |
| Harrison Township (Darke County) | 5.6 mi | $883 | $116,500 | 19.1% |
| Webster Township (Wayne County) | 6.4 mi | — | $163,000 | 10.7% |
| Greensfork Township | 7.1 mi | $530 | $127,800 | 13.1% |
| Jefferson Township (Preble County) | 7.5 mi | $766 | $136,900 | 21.8% |
HUD Fair Market Rent for Franklin Township (Wayne County), fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $770 | $775 | $1,014 | $1,281 | $1,333 |
HUD income limits for Franklin Township (Wayne 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 Wayne County, IN, where HUD’s median family income for fiscal year 2026 is $70,300.
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 (Wayne County)
What is the median household income in Franklin Township (Wayne County)?
The median household income in Franklin Township (Wayne County) is $95,093 (±$36,827) a year (2020–2024 American Community Survey).
What is the average home value in Franklin Township (Wayne County), IN?
The Census Bureau publishes the median: $170,900 (±$23,930) for owner-occupied homes in Franklin Township (Wayne County) (2020–2024 American Community Survey).
What is the average mortgage payment in Franklin Township (Wayne County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Franklin Township (Wayne County), IN is $1,346 (±$226) a month, including taxes, insurance and utilities.
How much are property taxes in Franklin Township (Wayne County)?
The median real estate tax paid by homeowners in Franklin Township (Wayne County), IN is $1,243 (±$259) a year (2020–2024 American Community Survey).
How many homes are in Franklin Township (Wayne County)?
Franklin Township (Wayne County), IN has an estimated 390 (±97) housing units, occupied and vacant (2020–2024 American Community Survey).
How old are most homes in Franklin Township (Wayne County)?
83.4% of homes in Franklin Township (Wayne County), IN were built before 1980 (2020–2024 American Community Survey).
Is Franklin Township (Wayne County) growing?
In Franklin Township (Wayne County), the number of residents went from 1,504 in 2015–2019 to 1,191 in 2020–2024 (−20.8%), not a measurable change.
What ZIP codes are in Franklin Township (Wayne County)?
The ZIP codes that cover Franklin Township (Wayne County) are 47341, 47374.
What is the median rent in ZIP code 47341?
The median gross rent in ZIP Code Tabulation Area 47341 is $673 (±$52) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Franklin township, Wayne County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin township, Wayne County, Indiana
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Franklin township, Wayne County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Franklin township, Wayne County, Indiana
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Franklin township, Wayne County, Indiana
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Franklin township, Wayne County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin township, Wayne County, Indiana
- HUD Fair Market Rents, fiscal year 2027: Wayne County, IN
- HUD Income Limits, fiscal year 2026: Wayne County, IN
- 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, Wayne County, Indiana (county subdivision:25666, in state:18 county:177).
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 .