Why Live in Franklin
Franklin, a small college town at the southeast edge of Greater Indianapolis, is surrounded by farmland and offers a unique blend of historic charm and modern amenities. Located about 25 miles southeast of downtown Indianapolis, Franklin is easily accessible via Interstate 65, making it a convenient commute to the city. The presence of Franklin College, a private liberal arts institution, adds a distinctive vibe to the community. The neighborhood features a mix of home styles, from historic bungalows and Victorian-era houses along Jefferson Street to mid-century and traditional single-family homes near downtown, and larger contemporary custom homes in subdivisions further out. The Franklin Community School Corporation serves most students and is highly rated. Franklin's downtown area is vibrant with local shops, restaurants, and attractions like The Historic Artcraft Theatre, which hosts vintage movie screenings and the Torchfire Film Festival. Public art, including murals and installations like Artcraft Alley and Kuji Alley, are city signatures. Franklin boasts 13 parks and the 17-mile-long Franklin Greenway Trail, with Youngs Creek Park being a central hub for community events. The city has taken measures to mitigate flooding risks following a historic flood in 2008. Franklin's crime rates are lower than the national average, contributing to its appeal as a safe and welcoming community. Public transportation is available on weekdays, and the city is just under 35 miles from Indianapolis International Airport.
Home Trends in Franklin, IN
On average, homes in Franklin, IN sell after 32 days on the market compared to the national average of 50 days. The median sale price for homes in Franklin, IN over the last 12 months is $295,000, up 9% from the median home sale price over the previous 12 months.
Median Sale Price
$295,000
Median Single Family Sale Price
$308,997
Median Townhouse Sale Price
$220,000
Median 2 Bedroom Sale Price
$290,000
Average Price Per Sq Ft
$176
Number of Homes for Sale
126
Last 12 months Home Sales
455
Median List Price
$320,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
9%