Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$292,357+4.3% YoY · prices are rising fast
Market right nowBalanced marketFewer homes for sale than last year, 33% have cut their price
Income needed to buy, per year$63,377About 0.8× the local median income ($79,204): affordable for a typical household
Days on market82 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.0%Zillow expects prices to rise slightly
The typical home in Franklin County, IN is worth $292,357, up 4.3% from a year ago. That is well above what local incomes have historically supported: fair value is about $254,117, so the area is 15.0% overvalued. It is a balanced market: homes take about 82 days to sell, listings are down 17% from a year ago, 33% of listings have had a price cut. Zillow expects prices to rise about 3.0% over the next year. A household needs about $63,377 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,204. In the latest IRS figures, 12 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$292,357
Change in 1 year
+4.3%
Overvalued %
+15.0%
Show 7 more
Fair home value
$254,117
Change in 5 years
+26.3%
Zillow forecast, next 12 months
+3.0%
Home value to income
3.7×
Monthly mortgage payment (20% down)
$1,584
Income needed to afford it
$63,377
Property tax rate
0.59%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,148
Market activity
Listings vs a year ago
−17.4%
Days on market
82
Listings with a price cut
32.6%
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Homes for sale
57
Pending sales per 100 listings
25
Asking price per sq ft
$157
People and jobs
Median household income
$79,204
Population change (1 year)
+0.6%
Unemployment rate
3.9%
Show 4 more
Population
23,286
Income adjusted for cost of living
$83,023
Net moves in (IRS)
−12
Cost of living (US = 100)
95.4
Schools, risk and environment
School rating (1 to 10)
5.5
FEMA hazard risk score (0 to 100)
34.2
Flood risk score
52.7
Show 3 more
Wildfire risk score
14.9
Walkability (1 to 20)
5.1
Road, rail and air noise
54 dB
Questions people ask
Is Franklin County, IN overvalued?
Home prices in Franklin County, IN are well above what local incomes have historically supported: fair value is about $254,117, so the area is 15.0% overvalued.
Is Franklin County, IN a buyer's or seller's market?
Franklin County, IN is a balanced market: homes take about 82 days to sell, listings are down 17% from a year ago, 33% of listings have had a price cut.
Are home prices going down in Franklin County, IN?
Home values in Franklin County, IN are up 4.3% over the last year. Zillow's forecast for the next 12 months is +3.0%.
How much do you need to earn to buy a home in Franklin County, IN?
A household needs about $63,377 a year to afford the typical home in Franklin County, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,204.