Real Estate Investing in Franklin, Indiana

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 35,502 • Johnson County

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Should you buy in Franklin, IN? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (75/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Franklin, IN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.8% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $286,619
Avg Monthly Rent $1,821
ZIP Codes 1

Investing in Franklin Real Estate

Across Franklin's 1 ZIPs, the picture is modest: $287K median values, $1,821/mo rents, and a population that has faced real economic pressure.

The investment case for Franklin is difficult to make on screen data alone. less favorable for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

The $1,821/mo / $287K relationship in Franklin looks lackluster once vacancy and capex are incorporated into underwriting. appears to the realized yield tends to disappoint.

Distressed-leaning demographics in Franklin — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Indianapolis-Carmel-Anderson, IN

Franklin is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$286,619
Avg Monthly Rent
$1,821
1% Rule
✗ Below
Landlord Friendly (IN)

🎓 Colleges & Universities in Franklin

1 College 966 Students
C
Franklin College
4-Year Private · 966 students

ZIP Codes in Franklin, IN

Screen every ZIP in Franklin

Filter Franklin’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Franklin, IN

What is the typical rental rate in Franklin, IN?

The typical rental in Franklin, IN commands about $1,821/mo monthly. That rent profile reliable cash flow against the $287K purchase basis.

Is vacancy a concern in Franklin, IN?

Rental vacancy in Franklin, IN is elevated. Investors should budget normal turnover but not chronic empty units.

Is Franklin, IN a good place for real estate investing?

Franklin, IN clocks in at an investability rating of 3.0/5, with median home values near $287K and average rents around $1,821/mo. That combination puts it in the durable tier for investor interest.

Is rental property easy to operate in Franklin, IN?

The landlord environment in Franklin, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.

Are homes affordable in Franklin, IN?

Franklin, IN home values average about $287K. That price point suits investors targeting rentals with $1,821/mo in monthly income.

Community Ratings

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