Frankton, IN
Population 1,789 · Indiana
About Frankton, IN
Frankton is a small community in Indiana with a population of 1,789 residents. The median household income is $64,500 per year, which is near the national average. The median age in Frankton is 39.5 years.
Housing in Frankton has a median home value of $120,200 and median monthly rent of $1,000. Of the 760 total housing units, the majority are owner-occupied, with 536 owner-occupied and 138 renter-occupied units.
The unemployment rate in Frankton is 4.2% and the poverty rate is 11.0%. 12.8% of residents hold a bachelor's degree or higher. The average commute time is 31.5 minutes.
Cost of Living in Frankton, IN
Compared to national averages, Frankton has a median household income of $64,500 (14% below the national median of $75,149). Home values average $120,200, which is 51% below the national median. Monthly rent at $1,000 is 14% below the US average of $1,163. Within Indiana, Frankton's income is 7% below the state average of $69,330, and home values are 26% below the state median of $163,409.
Why Live in Frankton, IN?
Frankton offers affordable housing with a median home value of $120,200, below the US average of $244,900, and rent that’s lower than the national average at $1,000/month, and a low poverty rate of 11.0%, better than the national average.
Potential considerations include median household income ($64,500) that falls below the national average. However, Frankton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Frankton has a population of 1,789 with a median age of 39.5 years. Compare Frankton with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Frankton
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| French Lick | 1,790 | $54,412 | $79,600 | Compare |
| Milan | 1,775 | $54,688 | $136,400 | Compare |
| Henryville | 1,804 | $77,440 | $190,200 | Compare |
| Ardmore | 1,807 | $45,709 | $113,300 | Compare |
| Dillsboro | 1,809 | $46,591 | $137,700 | Compare |
| Monon | 1,764 | $52,569 | $84,600 | Compare |
| Bourbon | 1,816 | $71,375 | $156,800 | Compare |
| Aberdeen | 1,761 | $97,344 | $344,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Frankton
What is the population of Frankton, IN?
The population of Frankton, IN is 1,789 according to the latest Census data.
What is the median household income in Frankton?
The median household income in Frankton, IN is $64,500 per year.
What is the median home value in Frankton?
The median home value in Frankton, IN is $120,200.
What is the average rent in Frankton?
The median monthly rent in Frankton, IN is $1,000.
What is the unemployment rate in Frankton?
The unemployment rate in Frankton, IN is 4.2%.