What percentage of people rent in Frankton, IN?

Name: Renters and owners in Frankton, IN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

16.5% (±6.5 points) of the occupied homes in Frankton, IN are rented (2020–2024 American Community Survey).

That is 109 renting households against 551 that own their home.

In Frankton, the share of households that rent went from 30.0% in 2015–2019 to 16.5% in 2020–2024 (−13.5 percentage points), a measurable decrease.

Figures last updated on November 12, 2026.

Households that rent: 16.5% (±6.5 points)
Renting households: 109 (±44)
Median renter income: $80,938 (±$64,556)

Who rents and who owns in Frankton

Tenure, estimate (90% margin of error)
	Frankton	Madison County	Indiana	United States
Renter-occupied share	16.5% (±6.5 points)	29.8% (±1.4 points)	29.4% (±0.3 points)	34.8%
Renting households	109 (±44)	15,941 (±794)	799,766 (±7,038)	45,017,354
Owning households	551 (±88)	37,488 (±783)	1,916,243 (±9,865)	84,210,142
Average renter household size	3.7 (±1.2)	2.1 (±0.1)	2.2 (±0.0)	2.3
Average owner household size	2.3 (±0.2)	2.5 (±0.0)	2.6 (±0.0)	2.6
Median renter household income	$80,938 (±$64,556)	$36,650 (±$4,568)	$42,811 (±$480)	$52,966
Median owner household income	$66,528 (±$10,417)	$75,613 (±$1,591)	$87,459 (±$395)	$100,009

In Frankton, the renter share is lower than in Madison County (29.8%).

It is also lower than in Indiana (29.4%).

It is lower than the national figure (34.8%).

In Madison County, Frankton ranks 18 of 29 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 882 of 1,600.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Frankton has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	30.0% (±5.8 points)	16.5% (±6.5 points)	−13.5 percentage points	Measurable decrease
Median gross rent	$729 (±$56)	$1,186 (±$153)	+62.7%	Up after inflation
Median household income	$51,107 (±$4,608)	$68,611 (±$11,833)	+34.2%	No measurable change 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 Frankton

Nearest places with a published estimate, compared with Frankton
Place	Distance	Households that rent	Compared with this place
Frankton	—	16.5% (±6.5 points)	—
Pipe Creek Township (Madison County)	2.1 mi	27.0% (±4.0 points)	Higher
Lafayette Township (Madison County)	3.8 mi	19.8% (±6.3 points)	Not measurably different
Orestes	4.3 mi	39.0% (±15.1 points)	Higher
Elwood	5.0 mi	34.8% (±5.6 points)	Higher
Alexandria	5.9 mi	40.3% (±8.8 points)	Higher
Jackson Township (Madison County)	6.0 mi	3.8% (±3.2 points)	Lower
Monroe Township (Madison County)	6.8 mi	30.2% (±6.7 points)	Higher
River Forest	8.0 mi	0.0% (±100.0 points)	Not measurably different

Nearby places with a measurably lower figure: Jackson Township (Madison County), IN (3.8%).

Nearby places with a measurably higher figure: Pipe Creek Township (Madison County), IN (27.0%), Orestes, IN (39.0%), Elwood, IN (34.8%).

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

Households that rent across Madison County, place by place

Rank	Place	Households that rent
12	Richland Township (Madison County)	25.5% (±12.7 points)
13	Ingalls	24.0% (±9.9 points)
14	Stony Creek Township	21.3% (±6.7 points)
15	Lafayette Township (Madison County)	19.8% (±6.3 points)
16	Markleville	17.9% (±8.6 points)
17	Van Buren Township (Madison County)	16.6% (±6.8 points)
18	Frankton	16.5% (±6.5 points)
19	Fall Creek Township (Madison County)	16.1% (±3.9 points)
20	Adams Township (Madison County)	13.6% (±6.2 points)
21	Green Township (Madison County)	13.3% (±5.0 points)
22	Union Township (Madison County)	10.9% (±2.6 points)
23	Woodlawn Heights	10.0% (±18.4 points)
24	Edgewood	7.2% (±5.1 points)

Showing 13 of 29 places in Madison 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 Frankton

How many renters are there in Frankton?

Frankton has an estimated 109 (±44) renting households, 16.5% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Frankton?

In Frankton, the share of households that rent went from 30.0% in 2015–2019 to 16.5% in 2020–2024 (−13.5 percentage points), a measurable decrease.

How big are renting households in Frankton?

A renting household in Frankton has 3.7 people on average, against 2.3 in an owned home.

How much do renters earn in Frankton?

The median renting household in Frankton, IN has an income of $80,938 (±$64,556) a year, against $66,528 for households that own their home.

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) and detailed tables (acs/acs5) for Frankton town, Indiana (place:25702, in state:18).

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.

Request a Census API 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.