Franklin, Marion, IN
Franklin — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Franklin, Marion, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Franklin Neighborhood Overview
Franklin is a residential neighborhood located in the city of Marion, Indiana. It offers a quiet, community-focused atmosphere within the larger city. The area is characterized by its affordable living and convenient access to local amenities.
Lifestyle & Amenities
Residents enjoy a relaxed lifestyle with easy access to the shopping, dining, and services available throughout Marion. The neighborhood's location provides a balance of suburban tranquility and urban convenience. Local parks and community spaces offer opportunities for recreation and social gatherings.
Real Estate Market
The Franklin real estate market is notably affordable, with a median home value of $117,600 and a price per square foot around $34.66. Homes typically sell after an average of 50 days on the market, and the homeownership rate is a solid 69%. Rental options are also accessible, with a median monthly rent of $746.
Schools & Education
Families in Franklin are served by the Marion Community Schools district. The neighborhood's proximity to local schools provides convenient educational options for children. Higher education institutions are also accessible within the broader region.
Transportation & Connectivity
Franklin is well-connected by Marion's local road network, making commutes and errands straightforward. Major state routes provide efficient access to surrounding areas and interstate highways. The neighborhood's layout primarily caters to personal vehicle travel.
Why Choose Franklin
Franklin is an excellent choice for homebuyers and renters seeking an affordable, stable community in Marion. The combination of low housing costs, a high rate of homeownership, and a median household income of $52,056 supports a comfortable lifestyle. It represents a practical and welcoming entry point to homeownership in Grant County.
Franklin Market Data
| Metric | Value |
|---|---|
| Median Home Price | $118K |
| Median Gross Rent | $746/mo |
| Median Household Income | $52K |
| Homeownership Rate | 69.3% |
| Renter-Occupied | 30.7% |
| Rental Vacancy Rate | 14.8% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP Code | 46952 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 200,703 |
| VA Loan Originations | 9,853 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $255K |
| Conventional Loan Originations | 166,323 |
| FHA Loan Originations | 24,527 |
Top Real Estate Agents in Franklin, Marion
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Franklin, Marion, IN. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12