A typical Franklin Township home is worth roughly $62,000
The short version on homes in Franklin Township
Low tax bills, but a high tax rate
The median tax bill is $630, under the Indiana median of $1,614, because homes cost less. As a share of value, though, it’s 1.02% a year, against 0.74% statewide. The homes ↓
An older housing stock
Half of Franklin Township’s homes were built before 1947, against 1976 for Indiana as a whole. Older homes can mean character, and also bigger heating and repair bills, so an inspection matters. The homes ↓
Written from the data on this page. There’s no Zillow index for Franklin Township, so the typical value is the Census median; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
A typical home costs 1.6 years of income
Less than across Indiana (3 years). Try your own numbers below.
That covers a typical Franklin Township home, with $87K to spare.
A two-bedroom rents for about $970 a month here, $590 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Franklin Township’s typical property tax (1.02% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $970
Renters already here pay a median of $625, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Jay County, IN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
76% of Franklin Township households own their home
Half of Franklin Township’s homes were built before 1947.
Indiana: 71% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Franklin Township vs. its neighbors
Franklin Township is the least expensive of 5 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Franklin Township | $62K* | — | $970 | $39,097 |
| Ward Township | $134K* | — | $970 | $72,841 |
| Green Township | $142K* | — | $970 | $86,719 |
| Jefferson Township | $181K* | −0.5%† | $970 | $78,500 |
| Monroe Township | $115K* | +20.6%† | $980 | $53,571 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
On the market in Franklin Township
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Franklin Township buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.