Housing data for Ray Township (Franklin County), IN
Ray Township (Franklin County), IN has an estimated 4,372 residents and 1,519 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Franklin County.
13.9% of households rent.
The median gross rent is $962 a month.
Its population grew measurably since 2015–2019 (+8.7%).
Figures last updated on .
- Residents
- 4,372 (±17)
- Housing units
- 1,519 (±117)
- Households that rent
- 13.9%
- Median gross rent
- $962
- Residents since 2015–2019
- +8.7%
What stands out in Ray Township (Franklin County)
Homes in buildings of 5 or more units: 7.7% (±4.4 points) in Ray Township (Franklin County), higher than in Franklin County (2.8%).
Median real estate taxes: $1,887 (±$211) in Ray Township (Franklin County), higher than in Franklin County ($1,479).
Homes heated by fuel oil: 0.0% (±2.5 points) in Ray Township (Franklin County), lower than in Franklin County (3.2%).
Median home value: $290,200 (±$22,151) in Ray Township (Franklin County), higher than in Franklin County ($249,500).
- Types of homes in Ray Township (Franklin County)
- Property taxes in Ray Township (Franklin County)
- Heating fuel in Ray Township (Franklin County)
- Home values in Ray Township (Franklin County)
Housing in Ray Township (Franklin County) at a glance
- Median rent: $962 median gross rent a month
- Rent by bedrooms: $937 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 59.2% of renters pay 30% or more of income
- Renters and owners: 13.9% of households rent
- Income and affordability: $90,481 median household income
- Home values: $290,200 median home value
- Homeowner costs: $1,676 median monthly cost with a mortgage
- Property taxes: $1,887 median real estate taxes a year
- Types of homes: 7.7% of homes are in buildings of 5 or more units
- Bedrooms: 83.8% of homes have 3 or more bedrooms
- Age of homes: 47.6% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 44.5% heat with utility gas
- Commute and cars: 32.0 minutes average trip to work
- Growth: +8.7% residents since 2015–2019
- How long people stay: 14.5% moved in since 2020
- Crowding and facilities: 0.9% of homes have more than 1 person per room (Small sample: wide margin of error)
Ray Township (Franklin County) against Franklin County, its state and the nation
| Ray Township (Franklin County) | Franklin County | Indiana | United States | |
|---|---|---|---|---|
| Residents | 4,372 (±17) | 23,020 (exact) | 6,851,073 (exact) | 334,922,499 |
| Housing units | 1,519 (±117) | 9,796 (±29) | 2,976,568 (±617) | 143,775,355 |
| Households that rent | 13.9% (±4.6 points) | 18.5% (±3.2 points) | 29.4% (±0.3 points) | 34.8% |
| Median gross rent | $962 (±$107) | $870 (±$78) | $1,062 (±$5) | $1,413 |
| Median household income | $90,481 (±$18,301) | $78,074 (±$10,218) | $71,957 (±$352) | $80,734 |
| Median home value | $290,200 (±$22,151) | $249,500 (±$18,861) | $218,200 (±$739) | $332,700 |
| Median real estate taxes (a year) | $1,887 (±$211) | $1,479 (±$107) | $1,614 (±$9) | $3,119 |
| Built before 1980 | 47.6% (±9.7 points) | 49.0% (±5.7 points) | 55.0% (±0.3 points) | 49.7% |
| Average commute | 32.0 minutes (±8.8) | 36.0 minutes (±2.6) | 24.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 91.7% (±3.3 points) | 83.0% (±3.3 points) | 89.9% (±0.2 points) | 91.0% |
| Median age of residents | 41.3 years (±5.5) | 42.4 years (±0.8) | 38.1 years (±0.2) | 38.9 years |
Ray Township (Franklin County) covers 39.6 square miles of land, about 110 residents per square mile (Census Bureau Gazetteer).
How Ray Township (Franklin County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 4,021 (±19) | 4,372 (±17) | +8.7% | Measurable increase |
| Housing units | 1,571 (±106) | 1,519 (±117) | −3.3% | Not a measurable change |
| Median gross rent | $780 (±$44) | $962 (±$107) | +23.3% | No measurable change after inflation |
| Median home value | $193,000 (±$19,946) | $290,200 (±$22,151) | +50.4% | Up after inflation |
| Median household income | $72,398 (±$5,168) | $90,481 (±$18,301) | +25.0% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,427 (±$185) | $1,676 (±$201) | +17.4% | No measurable change after inflation |
| Median real estate taxes | $1,435 (±$98) | $1,887 (±$211) | +31.5% | No measurable change after inflation |
| Households that rent | 12.5% (±4.2 points) | 13.9% (±4.6 points) | +1.4 percentage points | Not a measurable change |
| Rental vacancy rate | 24.4% (±17.3 points) | 0.0% (±16.3 points) | −24.4 percentage points | Measurable decrease |
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 Ray Township (Franklin County)
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 47036 | 37% | 1,173 | $863 | $413,700 | $98,300 |
| 47006 | 28% | 12,988 | $859 | $253,500 | $72,559 |
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 Ray Township (Franklin County)
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Oldenburg | 1.2 mi | $681 | $276,100 | 29.2% |
| Batesville | 2.3 mi | $847 | $225,400 | 32.9% |
| Butler Township (Franklin County) | 5.0 mi | — | $325,700 | 10.9% |
| Salt Creek Township (Franklin County) | 5.3 mi | — | $254,500 | 18.2% |
| Laughery Township | 5.6 mi | $735 | $205,000 | 30.6% |
| New Point | 5.7 mi | $1,219 | $122,500 | 30.5% |
| Adams Township (Ripley County) | 6.3 mi | $961 | $281,400 | 23.8% |
| Saltcreek Township | 6.4 mi | $1,219 | $279,800 | 8.6% |
Places in Indiana most like Ray Township (Franklin County)
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Liberty Township (Hendricks County) | $999 | $313,000 | $82,171 | 13.1% |
| Kelso Township | $838 | $268,000 | $97,721 | 11.0% |
| Lowell | $1,123 | $248,000 | $84,024 | 15.7% |
| Sugar Creek Township (Hancock County) | $1,011 | $338,200 | $100,714 | 15.0% |
| Harrison Township (Delaware County) | $952 | $235,500 | $82,806 | 11.3% |
| Cedar Creek Township (Lake County) | $1,108 | $288,300 | $86,780 | 13.5% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Indiana.
HUD Fair Market Rent for Ray Township (Franklin County), fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $841 | $950 | $1,148 | $1,503 | $1,509 |
HUD income limits for Ray Township (Franklin County), fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $20,450 | $34,100 | $54,550 |
| 2 people | $23,400 | $39,000 | $62,350 |
| 3 people | $27,320 | $43,850 | $70,150 |
| 4 people | $33,000 | $48,700 | $77,900 |
| 5 people | $38,680 | $52,600 | $84,150 |
| 6 people | $44,360 | $56,500 | $90,400 |
| 7 people | $50,040 | $60,400 | $96,600 |
| 8 people | $55,720 | $64,300 | $102,850 |
These are the limits HUD sets for its housing programs in the Franklin County, IN HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $97,400.
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 Ray Township (Franklin County)
What is the average rent in Ray Township (Franklin County), IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Ray Township (Franklin County) is $962 (±$107) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
Are renters in Ray Township (Franklin County) rent-burdened?
59.2% of renting households in Ray Township (Franklin County) pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Ray Township (Franklin County)?
Ray Township (Franklin County) has an estimated 210 (±70) renting households, 13.9% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Ray Township (Franklin County)?
The median household income in Ray Township (Franklin County) is $90,481 (±$18,301) a year (2020–2024 American Community Survey).
What is the average home value in Ray Township (Franklin County), IN?
The Census Bureau publishes the median: $290,200 (±$22,151) for owner-occupied homes in Ray Township (Franklin County) (2020–2024 American Community Survey).
What is the average mortgage payment in Ray Township (Franklin County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Ray Township (Franklin County), IN is $1,676 (±$201) a month, including taxes, insurance and utilities.
Is Ray Township (Franklin County) growing?
In Ray Township (Franklin County), the number of residents went from 4,021 in 2015–2019 to 4,372 in 2020–2024 (+8.7%), a measurable increase.
What ZIP codes are in Ray Township (Franklin County)?
The ZIP codes that cover Ray Township (Franklin County) are 47036, 47006.
What is the median rent in ZIP code 47036?
The median gross rent in ZIP Code Tabulation Area 47036 is $863 (±$90) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Ray township, Franklin County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Ray township, Franklin County, Indiana
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Ray township, Franklin County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Ray township, Franklin County, Indiana
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Ray township, Franklin County, Indiana
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Ray township, Franklin County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Ray township, Franklin County, Indiana
- HUD Fair Market Rents, fiscal year 2027: Franklin County, IN HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Franklin 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 Ray township, Franklin County, Indiana (county subdivision:63126, in state:18 county:047).
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 .