2026 Affordability Data
Most Affordable Neighborhoods in Franklin - 2026 Data
The median home value in Franklin is $195,100, 31% below nat'l avg. Median rent is $1,013/month. With an affordability index of 159, Franklin is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Franklin, IN area.
Key Takeaways: Affordability in Franklin
- 1The most affordable neighborhood in Franklin is McCordsville, with a median home value of $298,800.
- 2Franklin's median home value is $195,100, 31% below nat'l avg (national: $281,900).
- 3Franklin's affordability index is 159 (baseline 100), making it more affordable than the national average.
- 4Median rent in Franklin is $1,013/month, 13% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Franklin to find the most affordable areas based on home values, rent, and affordability index.
Franklin Affordability Overview
Median Home Value
$195,100
31% below nat'l avg
Median Rent
$1,013/mo
13% below nat'l avg
Median Income
$72,344
3% below nat'l avg
Affordability Index
159
59% above nat'l avg
Most Affordable Neighborhoods in Franklin (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | McCordsvilleIN | $298,800 |
| 2 | WashingtonIN | $117,700 |
| 3 | AuburnIN | $147,300 |
| 4 | KokomoIN | $118,400 |
| 5 | AndersonIN | $101,700 |
| 6 | ElkhartIN | $119,300 |
| 7 | LafayetteIN | $145,200 |
| 8 | GaryIN | $81,800 |
| 9 | BedfordIN | $123,200 |
| 10 | NoblesvilleIN | $295,700 |
| 11 | SpeedwayIN | $178,000 |
| 12 | South BendIN | $113,800 |
| 13 | Cedar LakeIN | $231,300 |
| 14 | CarmelIN | $425,900 |
| 15 | Terre HauteIN | $99,600 |
Detailed Neighborhood Profiles
Home Value: $298,800
Rent: $945/mo
Affordability: 184
Population: 9,098
Walk Score: 47/100
Home Value: $117,700
Rent: $1,013/mo
Affordability: 159
Population: 12,076
Walk Score: 47/100
Home Value: $147,300
Rent: $1,013/mo
Affordability: 159
Population: 13,316
Walk Score: 47/100
4
Home Value: $118,400
Rent: $1,013/mo
Affordability: 159
Population: 59,534
Walk Score: 47/100
5
Home Value: $101,700
Rent: $1,013/mo
Affordability: 159
Population: 55,011
Walk Score: 47/100
6
Home Value: $119,300
Rent: $1,013/mo
Affordability: 159
Population: 53,785
Walk Score: 47/100
7
Home Value: $145,200
Rent: $1,013/mo
Affordability: 159
Population: 70,828
Walk Score: 47/100
8
Home Value: $81,800
Rent: $1,013/mo
Affordability: 159
Population: 69,136
Walk Score: 47/100
9
Home Value: $123,200
Rent: $1,013/mo
Affordability: 159
Population: 13,802
Walk Score: 47/100
10
Home Value: $295,700
Rent: $1,013/mo
Affordability: 159
Population: 70,442
Walk Score: 47/100
11
Home Value: $178,000
Rent: $1,013/mo
Affordability: 159
Population: 13,646
Walk Score: 47/100
12
Home Value: $113,800
Rent: $1,013/mo
Affordability: 159
Population: 103,084
Walk Score: 47/100
13
Home Value: $231,300
Rent: $1,013/mo
Affordability: 159
Population: 14,215
Walk Score: 47/100
14
Home Value: $425,900
Rent: $1,013/mo
Affordability: 159
Population: 99,453
Walk Score: 47/100
15
Home Value: $99,600
Rent: $1,013/mo
Affordability: 159
Population: 58,599
Walk Score: 47/100
Frequently Asked Questions About Affordability in Franklin
What is the most affordable neighborhood in Franklin, IN?▾
Based on 2026 data, McCordsville is the most affordable neighborhood in Franklin with a median home value of $298,800. Kurby analyzed 15 neighborhoods in the Franklin area to compile these rankings.
What is the median home price in Franklin, IN?▾
The median home price in Franklin is $195,100, which is 31% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Franklin affordable compared to the national average?▾
Franklin has an affordability index of 159, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Franklin, IN?▾
The median monthly rent in Franklin is $1,013. This is 13% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Franklin?▾
The median household income in Franklin is $72,344 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Franklin are below the national average home price?▾
12 out of 15 ranked neighborhoods in Franklin have a median home value below the national average of $281,900. The most affordable is Washington at $117,700 (Source: Kurby, 2026).