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Area data

Franklin, IN — ZIP 46131

Population: 34,647 (Census ACS)

The median home value in ZIP 46131 (Franklin, IN) is $286,619 — up 1.7% over the past year. Homes sell for a median $299,750 after a median 29 days on market. Typical rent runs $1,821/month. 8 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with strongwind, winterweather, hail the top-rated hazards. Cost of living is 9.5% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$286,619

Median home value

+1.7%

1-year change

29

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Median home value
$286,619
1-year appreciation
+1.7%
3-year appreciation
+7.8%
5-year appreciation
+28.7%
10-year appreciation
+106.3%
All-time peak (2026-07)
$286,619
House Price Index (state)
367.2 (+2.9% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$299,750
Median list price
$325,000
Median price per sqft
$167
1-year sale-price change
+7.1%
Median days on market
29 days
Homes sold (recent period)
117
For-sale inventory
113
Sale-to-list ratio
98.1%
Active listings
78
1-year forecast
+1.3%
Days to pending
22 days
New listings (monthly)
45

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,821/mo
1-year rent change
+3.5%
Studio fair-market rent
$1,090/mo
1BR fair-market rent
$1,230/mo
2BR fair-market rent
$1,430/mo
3BR fair-market rent
$1,850/mo
4BR fair-market rent
$2,270/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
90.5 (100 = US avg)
Electricity rate (state-level)
16.2¢/kWh
Natural gas rate (state-level)
$11.50/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
8
Elementary schools
5
Middle schools
2
High schools
1
School districts serving the area
Clark-Pleasant Community Sch Corp, Franklin Community School Corp
Schools include
Clark Elementary School, Franklin Community Middle School, Franklin Community High School, Needham Elementary School, Northwood Elementary School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
strongWind, winterWeather, hail, inlandFlooding, lightning
Notable hazard ratings (county)
coldWave: Relatively Low · drought: Relatively Low · earthquake: Relatively Low · hail: Relatively Moderate · heatWave: Relatively Low · iceStorm: Relatively Low
FEMA flood zone
AE
Flood risk level
High
Wildfire risk to homes (county)
Higher than 10% of US counties
Buildings in wildfire direct-exposure zone
26.1%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Reilly Tar & Chemical Corp. (Indianapolis Plant) (20.6 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
47.3 in
USDA plant hardiness zone
6b (extreme annual low -5 to 0°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
11.3 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
40,504
Jobs reachable by transit (45 min)
38,344

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
55
Nearest airport
Woods Field (2 mi)
Nearest major airport
Columbus Municipal Airport (CLU) (17 mi)
Hospitals nearby (~15 mi)
1
Hospitals include
JOHNSON MEMORIAL HOSPITAL
Avg hospital rating (CMS)
5.0 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (4.1 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
+489 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,991
Housing built before 1970
33.6%
Housing built 2000 or later
31.7%
Median annual property tax
$1,864
Mean commute to work
23 min
Households with broadband internet
76.5%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
56,587
Average weekly wage
$937
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
1,057

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 46131State medianUS median
Median home value$286,619$237,170$289,727
Median sale price$299,750$238,000$325,000
Median days on market29 days38 days51 days
Typical rent$1,821/mo$1,331/mo$1,808/mo
Median annual property tax$1,864$1,179$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 46131?
$286,619.
What is the median sale price in ZIP 46131?
$299,750.
How long do homes take to sell in ZIP 46131?
Median days on market: 29 days.
What is typical rent in ZIP 46131?
Typical rent: $1,821/month.
What is the natural-hazard risk in ZIP 46131?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: strongWind, winterWeather, hail, inlandFlooding, lightning.
Is ZIP 46131 in a flood zone?
High (FEMA NFIP). FEMA flood zone AE.
What is the wildfire risk in ZIP 46131?
Risk to homes is higher than 10% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 46131?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 46131?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 46131?
8 schools (5 elementary, 2 middle, 1 high) (NCES, 2022-23).
Is ZIP 46131 walkable?
Walkability index: 11.3/20 (EPA Smart Location Database).
What is the cost of living in ZIP 46131?
Regional Price Parity: 90.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

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