Why Live in Franklin
Franklin, a neighborhood in Marion, is characterized by its early 1900s bungalows and Nationals, with telephone wires adding to its historic charm. The Marion water tower is a notable landmark, visible from the sidewalks that connect residents to local amenities like Franklin Park, where children can easily access the playground. The Cardinal Greenway Trail runs along the southern edge, offering a scenic route toward downtown Marion and beyond. Matter Park, located on the northern side of the city, provides over 100 acres of recreational space, including playgrounds, butterfly gardens, and courts for tennis and pickleball. Dining options in Franklin range from chain restaurants on Baldwin Avenue to local spots like Don’s Tap, known for its pub fare and outdoor patio. Grocery shopping is convenient with Ruler Foods and Needler’s Fresh Market about a mile away, and Aldi just 1.5 miles from the neighborhood. The West Marion bus route facilitates easy commuting to downtown and nearby work locations. While the local schools have average ratings, Marion High School offers an Advanced High School Credit program. Franklin's location provides access to community events at Matter Park, such as the Marion Fall Festival and the Walkway of Light during the holiday season.
Frequently Asked Questions
Is Franklin a good place to live?
Franklin is a good place to live. Franklin is considered somewhat walkable and bikeable. Franklin has 1 park for recreational activities. It has a median age of 39. The average household income is $40,509 which is below the national average. College graduates make up 11.8% of residents. A majority of residents in Franklin are home owners, with 49.9% of residents renting and 50.1% of residents owning their home. A
local real estate agent serving Franklin can help you decide if this neighborhood is the right one for you. Learn more on our
Franklin neighborhood guide.
Is Franklin, IN a safe neighborhood?
Franklin, IN is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Franklin?
The median home price in Franklin is $64,900. If you put a 20% down payment of $13,000 and had a 30-year fixed mortgage with an interest rate of 6.31%, your estimated principal and interest payment would be $320 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $14K a year to afford the median home price in Franklin. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Franklin is $41K.
What are the best public schools in Franklin?
The best public schools that serve Franklin are:
What are the best private schools in Franklin?
The best private schools that serve Franklin are:
What are the most popular zip codes in Franklin, Marion, IN?
What are the most popular neighborhoods near Franklin, Marion, IN?
Are home prices dropping in Franklin?
Yes, home prices in Franklin are down 7% in the last 12 months.
Home Trends in Franklin, IN
On average, homes in Franklin, Marion sell after 60 days on the market compared to the national average of 53 days. The median sale price for homes in Franklin, Marion over the last 12 months is $61,950, down 19% from the median home sale price over the previous 12 months.
Median Sale Price
$61,950
Median Single Family Sale Price
$48,000
Average Price Per Sq Ft
$52
Number of Homes for Sale
5
Last 12 months Home Sales
12
Median List Price
$64,900
Median Change From 1st List Price
17%
Median Home Sale Price YoY Change
-19%