Franklin, IN Real Estate
According to census data in the year 2000 there were 7,547 housing units in Franklin.
This represents a 61.9% growth from 4,661 in 1990.
Of those housing units, 7,382 were located in either urbanized areas or urban clusters, and 165 were located in what is classified as a rural area.
Homeownership rate in Franklin is about 67.9%.
Franklin's vacancy rate, including seasonal lodging, is about 7.9%.
Average household size is 2.58 people.
The majority of houses, apartments or condos in Franklin were built after 1978.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 8% |
| Two Bedrooms | 35.70% |
| Three Bedrooms | 45.20% |
| Four Bedrooms | 8.70% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1984 |
| Median Value of occupied units | $103,000 |
| Median Price asked for vacant units | $97,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $650 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 6.90% |
| Simple Mortgage | 59.70% |
| Debt Free | 26.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.1% |
