Housing Affordability

Home price and typical payment compared to income

 Quick Summary

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Housing AffordabilityFranklin CountyJanuary 2026

Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price
January 2026
27.0%
Year-over-year change
-6%
Compared to 28.6% last year
Difference from state
-18%
Compared to 32.9% in Indiana
View source and notes...

Last update: Feb. 8, 2026, 3:44 p.m. Source: IAR Data Warehouse / American Community Survey Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average.

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K
January 2026
64.1%
Year-over-year change
+53%
Compared to 41.9% last year
Difference from state
+36%
Compared to 47.0% in Indiana
View source and notes...

Last update: Feb. 8, 2026, 3:32 p.m. Source: IAR Data Warehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average.

Demographics

Median Household Income

Adjusted to current dollars
January 2025
$86,150
Year-over-year change
+4%
Compared to $83,166 last year
Difference from state
+23%
Compared to $69,976 in Indiana
View source and notes...

Last update: Feb. 8, 2026, 3:44 p.m. Source: American Community Survey and Bureau of Labor Statistics Employment Cost Index Data notes: The most recent income measure from the American Community Survey is adjusted by two-year change in the Employment Cost Index to adjust to current dollars.

Market Momentum

Price

Median Monthly Payment

For median-priced home
January 2026
$1,938
Year-over-year change
-6%
Compared to $2,051 last year
Difference from state
+1%
Compared to $1,920 in Indiana
View source and notes...

Last update: Feb. 8, 2026, 3:32 p.m. Source: IAR Datawarehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average.

Median Sale Price

3-Month Rolling Median
January 2026
$262,500
Year-over-year change
+1%
Compared to $260,000 last year
Difference from state
+1%
Compared to $260,000 in Indiana
View source and notes...

Last update: Feb. 8, 2026, 3:32 p.m. Source: IAR Data Warehouse Data notes: -

Sales

Closed Sales by Price

12-month rolling total
All properties, February 2026
143
+4%
Under $250K
63
+0%
At Least $250K
80
+5%
View source and notes...

Last update: Feb. 8, 2026, 4:28 p.m. Source: IAR MLS Data Warehouse Data notes: None

Supply

New Listings by Price

12-month rolling total
All properties, February 2026
235
+26%
Under $250K
108
+26%
At Least $250K
129
+26%
View source and notes...

Last update: Feb. 8, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None

Inventory by Price

Average daily inventory in latest month
All properties, February 2026
38
+23%
Under $250K
17
+31%
At Least $250K
20
+17%
View source and notes...

Last update: Feb. 8, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None