Franklin
Neighborhood in New Albany, Indiana
Floyd County 47117, 47136, 47150
New construction and extensive acreage in Franklin
In terms of housing, Franklin offers prospective buyers a diverse mix of brand-new construction with older properties. Between its miles of farmland and acres of forests, most homes are spread out a good distance from their neighbors and offer a peaceful, rural atmosphere. Over the last decade, Franklin also has seen the rise of planned communities like Poplar Wood, where large traditional and Classical Revival estates with over 3,000 square feet of space can sell from about $450,000 to $750,000. Older builds from the 1950s and '60s can also be found throughout the neighborhood, including bungalows, ranch-styles and Colonial Revival designs. Most properties in the neighborhood start at about $150,000, though many feature extensive acreage — think 40-plus acres of undeveloped land — and can sell for upwards of $600,000. When compared to similar properties across the river in Louisville, homes in Franklin are often less expensive with lower property taxes. “It’s an ideal market for first-time home buyers,” says Bandy.
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Outdoor opportunities along the Ohio River
When folks are looking for an easy way to get outside, the Campbell-Woodland Nature Trails are located right in the neighborhood and span 122 acres of land. With paved, handicap-accessible paths and several routes to choose from, visitors can wade through cool streams or cross over wooden bridges while walking their dogs or perhaps taking a quiet jog beneath the shade of the park’s oaks and sugar maples. To see the Ohio River, Falls of the Ohio State Park offers a playground, views of Louisville's skyline and even historic fossil beds with educational information about the area's ancient history. For more recreational opportunities, folks can also visit Garry E. Cavan Park in Georgetown to find tennis courts, two playgrounds and even a horseshoe pit. Another nearby option is The Sporting Club at the Farm, located in Franklin just off of River Road. In addition to a popular indoor wedding venue, The Sporting Club is home to a family-friendly archery range and skeet shooting, where visitors fire shotguns at flying clay targets. "It's really popular down here," says Carmichael. "We're in the Midwest. We're in America. People here love their second amendment rights."
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An emphasis on theater at New Albany High School
Students in Franklin can attend school just a few miles down the road in New Albany. Young students start at S. Ellen Jones Elementary, which earns a B-rating from the educational review site, Niche, while fifth graders move on to Scribner Middle and New Albany High, both earning B-plus ratings. New Albany High School (NAHS) is best known for its award-winning theater program and annual Christmas mini-musical, which locals often attend. A few NAHS graduates have even gone on to star on Broadway and London’s West End.
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The Harvest Homecoming Festival and gaming at Caesars
Each October, locals head into downtown New Albany to check out the Harvest Homecoming Festival. Residents can join in on the parade of vintage cars and homemade floats, or enroll in the Miss Harvest Homecoming pageant — the winners will later compete in Miss Indiana pageant — for a night of glamour and celebration. "It's great for local businesses who want to connect with the community. Local schools bring out there dance teams and there are lots of booths and vendors- it's a lot of fun," says Carmichael. Another local destination that offers entertainment throughout the year is Caesars Southern Indiana Hotel and Casino. Located just south of the neighborhood, folks can try their luck at an impressive selection of table games or catch a live show featuring touring musicians and comedians from across the country. Fans of the show Hell's Kitchen might also appreciate dining at the Gordon Ramsey Steakhouse, located in the casino.
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Quick transportation with Indiana State Road 111
Despite Franklin's rural setting, "People here can still get places rather quickly," says Carmichael, explaining that "all of the major highway and interstates down here connect things really well." Whether taking Indiana State Road 111 or driving along Budd Road, which passes right through the middle of Franklin, New Albany is just over 6 miles away from home and Downtown Louisville isn't much farther. Interstate 64 will take residents across the Sherman Minton Bridge into Downtown Louisville, which is about 11 miles, or a 20-minute drive, from Franklin. Residents can also access the Louisville International Airport right here in the city for all their travel needs, which offers direct flights to nearly 40 US cities. In the case of a medical emergency, Norton Clark Hospital is the closest option and is located right in New Albany.Big box retailers and family-owned restaurants in New Albany
For shopping and dining, Franklin residents often hop in the car and take a short drive over to nearby areas like Georgetown. Located right on Main Street, Village House Coffee serves morning pick-me-ups, breakfast pastries and custom-made seasonal beverages that patrons can enjoy on the shop's shady outdoor seating area. Or, for a dinner on-the-go, folks can stop by 812 Pizza and watch its chefs heat up their pies brick oven-style. When cooking at home, residents can pick up groceries and daily essentials from New Albany options like Kroger and Aldi. Big box retailers like Walmart, Marshalls and Target are also nearby for any shopping needs folks may have. In addition to national chains, Downtown New Albany is also a hotspot for dining, with a growing lineup of independently owned restaurants like Dragon King’s Daughter, which is known for their drunken chicken tacos. Jessica Carmichael, a local Realtor with Schuler Bauer Real Estate, recommends The Exchange Pub and Kitchen for its "excellent chef" and ever-changing menu items. "You might have short rib gnocchi one day and the next they'll switch over to a blackened salmon over orzo rice- it's really excellent," says Carmichael.
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Crime
Franklin receives a CAP Index crime score of 1 out of 10, which is lower than the national average. The national average is a score of 4.
Written By
Bayley Malo
Photography Contributed By
Jon Puckett
Video By
Jeffrey Knight
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Agents Specializing in this Area
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Vicki Kitterman
Vicki Kitterman
Ward Realty Services
(812) 596-5083
61 Total Sales
1 in Franklin
$60,000 Price
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Matt Lincoln
Matt Lincoln
Responds QuicklySchuler Bauer Real Estate Services ERA Powered
(502) 335-4469
254 Total Sales
1 in Franklin
$146,000 Price
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Terri Wedding
Terri Wedding
Responds QuicklySemonin REALTORS
(502) 586-3865
80 Total Sales
2 in Franklin
$165K - $175K Price Range
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Mary Finkle
Mary Finkle
Responds QuicklyMainstreet REALTORS
(812) 570-5466
476 Total Sales
2 in Franklin
$90K - $312K Price Range
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Kristal May
Kristal May
Responds QuicklyLopp Real Estate Brokers
(502) 586-6779
96 Total Sales
2 in Franklin
$18K - $320K Price Range
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Rachel Gish
Rachel Gish
Responds QuicklySemonin REALTORS
(502) 586-4544
92 Total Sales
1 in Franklin
$185,000 Price
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
- 9th to 12th
- Public
- 5th to 8th
- Public
- Pre-K to 4th
- Public
Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Parks in this Area
Anderson Park
Binford Park
Kevin Hammersmith Memorial Park
Garry E Cavan Park
Campbell-Woodland Nature Trails
Transit
Crime and Safety
| 1 - Low Crime, 10 - High Crime | Franklin | US |
|---|---|---|
| Homicide | 1 | 4 |
| Sexual Assault | 1 | 4 |
| Assault with Weapon | 1 | 4 |
| Robbery | 1 | 4 |
| Burglary | 1 | 4 |
| Motor Vehicle Theft | 1 | 4 |
| Larceny | 1 | 4 |
| Crime Score | 1 | 4 |
Source: WhatIsMyCrimeRisk.com
Franklin Demographics and Home Trends
On average, homes in Franklin, New Albany sell after 93 days on the market compared to the national average of 49 days. The median sale price for homes in Franklin, New Albany over the last 12 months is $414,400, up 30% from the median home sale price over the previous 12 months.
Housing Trends
Median List Price
$439,900
Median Sale Price
$414,400
Median Single Family Sale Price
$414,900
Median Change From 1st List Price
2%
Last 12 months Home Sales
40
Median Home Sale Price YoY Change
30%
Average Price Per Sq Ft
$169
Neighborhood Facts
Number of Homes in Neighborhood
495
Number of Homes for Sale
7
Median Year Built
1980
Months of Supply
2.10
Average Single Family Home Size Sq Ft
1,925
On par with the national average
1,933
Median Lot Size Sq Ft
43,560
Open Houses
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Sunday, Jun 222 - 4pm
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Sunday, Jun 152 - 4pm
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Sunday, Jun 152 - 4pm
Distribution of Home Values
Homes for Sale
Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Average Home Value
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
1,880
Median Age
47
Population Density
1 person/acre
Population under 18
22.2%
On par with the national average
23.8%
Population over 65
22.2%
On par with the national average
19.1%
Finances
Median Household Income
$76,404
Above the national average
$71,702
Average Household Income
$95,367
Education and Workforce
High School Graduates
91%
College Graduates
25%
Below the national average
34.1%
Advanced Degrees
10.7%
On par with the national average
13.3%
% Population in Labor Force
63.5%
Weather
Annual Precipitation
48''
Average Winter Low Temperature
28°F
Average Summer High Temperature
89°F
Annual Snowfall
14''
Area Factors
Car-Dependent
Walk Score®
0
/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
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