Housing in Franklin, IN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$297,500
Median List Price
$337,447
Price Per Sq Ft
$148
Days on Market
51
Active Inventory
53
Months of Supply
1.5
Seller's market
Zillow Home Value
$272,551
ZHVI — January 2026
Zillow Rent Index
$1,664
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
8.3%
Off Market in 2 Weeks
17.2%
Sale-to-List Ratio
97.2%
Buyer's market
Market Activity
Source: RedfinHomes Sold
36
New Listings
24
Pending Sales
29
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$148
Median List $/SF
$158
Franklin vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Franklin is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$212,500
Median Rent
$1,127
Total Housing Units
9,924
Vacancy Rate
6.4%
Owner Occupied
66.4%
Renter Occupied
33.6%
Median Property Tax
$1,669
per year
Monthly Cost (w/ Mortgage)
$1,165
Housing Types
The current median sale price in Franklin, IN is $297,500 according to Redfin data. Homes spend a median of 51 days on the market. 8.3% of homes sold above asking price. The market has 1.5 months of supply. The median price per square foot is $148. Zillow's observed rent index is $1,664/month. About 66.4% of housing units are owner-occupied. The median year homes were built is 1994. There are 9,924 total housing units.