Franklin County Real Estate and Livability Trends
Franklin County, Indiana has seen substantial economic changes, with average taxable income rising from $51,454.66 in 2013 to $78,524.93 in 2021, and the average state and local income taxes per return surging from $5,179.44 in 2012 to $13,536.36 in 2021. Home values have also been climbing, peaking at $200,700 in 2022, outpacing both state and national averages. A better student-to-teacher... Read more
Franklin County Market Trends
In Franklin County, Indiana, median home values have been on a generally upward trajectory, peaking at $200,700 in 2022, a figure surpassing both the Indiana state and national averages. This indicates a potentially robust market for investors and prospective homeowners. Residential energy tax credits peaked at approximately $2,700 in 2018 but have since stabilized around $1,386 in 2021, possibly... Read more
Median Value of Occupied Housing Units in Franklin County, Indiana Over the Last 8 Years
Over the past eight years, Franklin County, Indiana has experienced a generally upward trend in median home values, peaking at $200,700 in 2022. This growth trajectory seems to exceed both the national and Indiana state averages, which reached $179,400 and $183,600 respectively in the same year. For investors and prospective homeowners, this indicates potential for solid returns and a competitive market, especially compared to broader trends. This relative spike may imply burgeoning demand or limited supply within the county.
Residential Energy Tax Credit Per Tax Return in Franklin County, IN Over the Last 9 Years
The residential energy tax credit per tax return in Franklin County, Indiana, has shown notable variation over the past nine years, peaking dramatically at around $2,700 in 2018 and stabilizing in subsequent years with values hovering around $1,386 in 2021. Such fluctuations indicate potential changes in energy efficiency incentives or adoption rates of energy-saving measures. This trend could be relevant for investors, property developers, and real estate agents who might see energy-efficient homes as an appealing market. Insurance agents and appraisers might also find this useful when assessing property value impacts due to energy-saving installations.
Average Real Estate Taxes Per Tax Return in Franklin County, IN Over the Last 10 Years
Over the past decade, Franklin County, Indiana has seen a noticeable upward trend in average real estate taxes per tax return. Starting from approximately $1,612.65 in 2012, there has been a gradual increase with a significant jump observed in 2018 when the average spiked to about $2,804.88. The upward trajectory continued with 2021 recording an average of $3,351.72. Investors, real estate agents, and potential residents might find this trend indicative of rising property values or changes in tax policies, impacting overall investment decisions and affordability. Appraisers and insurance agents could also see this data as a factor in assessing property risk and valuations.
Percentage of Farm Returns in Franklin County, IN Over the Last 10 Years
Over the past decade, Franklin County, Indiana has seen a slight decline in the percentage of farm tax returns. Starting at around 6.55% in 2012, there has been a gradual decrease, ending at approximately 5.26% in 2021. Farm tax returns represent the portion of tax filings specifically related to agricultural income, reflecting the economic health and activity within the farming sector. This subtle but consistent downtrend might suggest shifting economic dynamics or changing demographics, potentially impacting decisions for those considering investments, relocation, or property development in the area.
Number of Mortgages by Occupancy Type in Franklin County, IN Over the Last 5 Years in Franklin County
Over the last five years in Franklin County, Indiana, there's a notable shift in the number of mortgages for different occupancy types. While Principal Residence mortgages have fluctuated, peaking significantly in 2020 with 1,639 mortgages, and then dropping to 927 in 2022, Investment Properties saw a slight but steady decline from 43 in 2020 to 36 in 2022. Second Residence mortgages have remained consistently low, never exceeding 22 per year. These trends could suggest a market focused on primary homeowners, with a minor presence of investment opportunities. For potential investors or real estate agents, understanding these patterns might highlight the region's stability for principal residences versus a more modest return in investment properties. Additionally, this information can help appraisers and insurance agents assess risk and property value changes over time.
Economic Outlook
Franklin County, Indiana has seen its average taxable income per tax return rise from about $51,454.66 in 2013 to approximately $78,524.93 in 2021, suggesting a potentially strengthening local economy and evolving market. Along with this, average state and local income taxes per return have increased significantly from $5,179.44 in 2012 to $13,536.36 in 2021, highlighting growing financial contributions from residents. The average total tax liability per return also spiked to $13,213.25 in... Read more
Average Taxable Income per Tax Return in Franklin County, IN over the last 9 years
Franklin County, Indiana has seen notable increases in average taxable income per tax return over the past nine years, growing from approximately $51,454.66 in 2013 to around $78,524.93 in 2021. This upward trend could indicate a strengthening local economy, potentially making it an attractive spot for investors and new residents. For those considering real estate ventures, this income growth might suggest an evolving market with promising opportunities for property value appreciation.
Average State and Local Income Taxes Per Tax Return in Franklin County, IN Over the Last 10 Years
Franklin County, Indiana has seen a significant increase in average state and local income taxes per tax return over the past decade, jumping from $5,179.44 in 2012 to $13,536.36 in 2021. This continuous rise, especially notable after 2017, highlights growing financial contributions from residents, possibly tied to higher incomes or increasing tax rates. For those looking to invest, move, or build property here, the upward trend in tax liabilities indicates a robust and possibly expanding local economy.
Average Total Tax Liability Per Tax Return in Franklin County, IN Over the Last 10 Years
The average total tax liability per tax return in Franklin County, Indiana, has generally increased over the last decade, with occasional fluctuations. This trend suggests growing economic activities and possibly rising incomes, impacting tax liabilities. Notably, there was a significant spike in 2021, reaching $13,213.25, hinting at substantial financial changes or policy impacts in the region. These patterns could be critical for investors and those planning to move or build property in the area, indicating economic growth and changing fiscal dynamics.
Cost of Living in Franklin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,261 | $1,363 | $1,844 | $1,677 | $1,331 |
| 1 adult 4 children | $1,261 | $1,113 | $1,418 | $1,677 | $1,459 |
| 2 adults 3 children | $1,261 | $1,114 | $1,596 | $1,677 | $1,124 |
| 1 adult 3 children | $1,261 | $909 | $1,170 | $1,677 | $1,230 |
| 2 adults 2 children | $930 | $912 | $1,348 | $1,476 | $934 |
| 1 adult 2 children | $930 | $681 | $922 | $1,476 | $923 |
| 2 adults 1 child | $930 | $721 | $1,100 | $822 | $851 |
| 1 adult 1 child | $930 | $465 | $674 | $822 | $711 |
| 2 adults | $707 | $579 | $852 | $0 | $643 |
| 1 adult | $623 | $316 | $426 | $0 | $530 |
Safety trends & Data
Recent data from Franklin County, Indiana, shows fluctuating yet generally decreasing property crime rates over the past five years. Burglary and larceny-theft lead the reported offenses, with notable peaks in motor vehicle theft and stolen property cases during 2018 and 2019. Arson and vandalism incidents are sporadic but not significantly prevalent. This trend may make the region appealing to prospective residents and investors seeking safer community... Read more
Property Crime Trends in Franklin County, IN Over the Last 5 Years
Over the last five years in Franklin County, Indiana, property crime trends exhibit fluctuations, with burglary and larceny-theft being the most common offenses. Marked increases in motor vehicle theft and stolen property cases were noted in 2018 and 2019, but these figures saw a reduction in subsequent years. Arson and vandalism appear sporadically but did not show significant prevalence. The data suggests relatively stable, though generally decreasing, property crime rates which may appeal to prospective residents and investors looking for safer communities in the area.
Demographics
Franklin County, Indiana shows a nearly equal gender distribution with a slight male majority. The population is predominantly White, with minimal representation from Black, Asian, and other races. Age distribution highlights a well-spread range, with notable concentrations in the 0-10 years and 55-64 years brackets. Educational attainment reveals that a substantial portion of residents are high school graduates, while the percentages drop for higher educational degrees. This demographic layout... Read more
Race Distribution in Franklin County, Indiana (2022)
Educational Attainment in Franklin County, Indiana (2022)
Age Distribution in Franklin County, Indiana
Citizen Population in Franklin County, Indiana (2022)
Political Trends & Data
Franklin County, Indiana, presents a solid leaning towards Republican preferences in presidential elections, with over 80% of the vote going to the GOP. Democrats received approximately 18%, while Libertarians garnered a minimal 1.4%. The negligible support for Green Party and other affiliations suggests minimal influence from third parties, pointing to deep-seated political alignments and limited partisan... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Franklin County, Indiana, displays a noteworthy sway towards Republican preferences, with over 80% of the vote. Democrats captured around 18%, while Libertarian support was significantly lower, at approximately 1.4%. The Green Party and other affiliations barely registered, making it clear that third parties wield minimal influence in this county. These patterns could hint at a deeply rooted political alignment and limited partisan diversity.
80.76% of voters voted for the Republican party in the 2020 Presidential Election
17.81% of voters voted for the Democrat party in the 2020 Presidential Election
1.41% of voters voted for the Livertarian party in the 2020 Presidential Election
0.01% of voters voted for the Green party in the 2020 Presidential Election
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Franklin County, Indiana, the student-to-teacher ratio has dropped from 19 students per teacher in 2014 to about 15 in 2023. This improvement in educational resources might make the area more attractive to families considering relocation. For investors and real estate agents, this presents an opportunity to market properties to young families seeking quality education—potentially driving up property values. Additionally, insurance agents and builders might find it strategic to highlight... Read more
Student-to-teacher ratio in Franklin County, Indiana over the last 10 years
Over the last decade, the student-to-teacher ratio in Franklin County, Indiana has steadily decreased from 19 students per teacher in 2014 to about 15 in 2023. This trend might indicate an improvement in educational resources, potentially making the area more appealing for families considering relocation. For investors and real estate agents, this could signal an opportunity to market properties to young families seeking quality education. Appraisers might see an increase in property values due to the desirable lower student-to-teacher ratios. Additionally, insurance agents and those building property may find it strategic to highlight these educational trends as part of their service offerings. Overall, compared to the U.S. national average of 14 students per teacher, Franklin County is trending favorably towards a more favorable ratio, aligning closer to national standards.
