Frankton, IN—46044
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Frankton, IN
As of Oct '25, the median home price in Frankton, IN is $197,000, with a year-over-year change of 3.7%. This indicates that home prices in Frankton, IN are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $197,000 | 3.7% |
| Single Family | $197,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $155,000 | 3.3% |
3 Bed | $203,000 | 3.0% |
4 Bed | $254,000 | 4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Frankton, IN
Frankton, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Frankton, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Frankton, IN is 65. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $271,000 | 5.0% |
Listing Count | 6 | -28.0% |
| Listings as % of Homes | 0.5% | -28.0% |
Days on Market | 65 | -16.0% |
Demographics — Frankton, IN
As of the latest ACS Survey released in 2023, Frankton, IN has a population of 2,650, which has decreased by -13.8% over the past 5 years. Frankton, IN is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 15.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,650 | -13.8% |
% Under 18 | 23.2% | -11.5% |
% Seniors | 17.7% | -1.1% |
% WFH | 7.6% | 31.0% |
% w/ College Degree | 15.4% | -17.6% |
As of the latest ACS Survey released in 2023, Frankton, IN is a predominantly white area, with 93.8% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Frankton, IN is hispanic, making up 2.8% of the population. Foreign-born residents account for 2.5% of the population in Frankton, IN, and this percentage has increased by 47.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.8% | -1.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.8% | 16.7% |
% Asian | 1.4% | 75.0% |
% Foreign Born | 2.5% | 47.1% |
Mortgage and Risk — Frankton, IN
According to HUD data as of 2023, there were 51 mortgage originations in Frankton, IN, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Frankton, IN. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 51 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Frankton, IN
Frankton, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $1,030 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Frankton, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $197,000 |
| Median Household Income | $75,100 |