Frankton, Indiana.
Typical home $203,091 (+1.1% in a year). Indianapolis-Carmel-Anderson, IN metro.
to buy the typical home at today's mortgage rate — +$617 (+137%) since Jan 2020.
- 1 year
- Up $2,248 +1%
- $200,843$203,091 since Sep 2025
- 5 years
- Up $44,345 +28%
- $158,746$203,091 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Frankton$1,066
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Frankton, IN rose 1.1% over the past year — in step with the nation.
Living in Frankton, Madison County, Indiana
Frankton is a town of 1,775 people in Madison County. Half its households earn more than $68,611 a year and half less, against $63,037 across Madison County; 9% of its people live below the poverty line. 84% of its homes are lived in by their owners and 16% are rented. Unemployment in Madison County was 3.6% in August 2026, and the county had 0.4% more jobs in 2025 than the year before. The most residents work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Frankton is a small town in Madison County, Indiana, with a small population. Residents are somewhat older than in many places, and nearly all homes are lived in by their owners. Household incomes run above the county's, and poverty is relatively uncommon. A smaller share of adults hold a four-year degree than in many communities.
Work. Residents work mainly in manufacturing, in schools, hospitals and social care, in shops, and in the building trades. Across Madison County, some of the largest workplaces are Anderson Community School, Community Hospital Anderson and Ascension St. Vincent Anderson. Commutes are on the long side, and very few people work from home.
Things to do. Pipe Creek, a river a short drive away, is the closest spot for time by the water. The Anderson Center for the Arts, a museum a short drive away, offers an indoor outing. For a longer drive, Mounds State Park is a protected area with trails and woods. Winters are cold and summers warm, with a fair amount of rain and melted snow through the year.
Report a mistake
- 660households
- 14%of adults have a degree
- 9%below the poverty line
- 32 mintypical commute
- 4%work from home
What residents work in
Employed residents by industry, from the Census survey. Madison County had 40,359 jobs in 2025, 0.4% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 34° and lows near 18°; warmest in July, with highs near 84° and lows near 63°. About 42 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Elwood weather station, 6 miles away (NOAA).
Largest workplaces in Madison County
- Anderson Community School CorpSchool district923FTE
- Community Hospital AndersonGeneral hospital873FTE
- ElsaAutomotive parts manufacturer700
- Harrah's Hoosier Park Racing & Casino623
- Ascension St. Vincent AndersonGeneral hospital535FTE
- Carter Express - AndersonTrucking, general freight, long-distance, truckload526
- NTN Driveshaft AndersonDrive shafts and half shafts, automotive, truck, and bus, manufacturing523
- South Madison Com Sch Corp SchoolsSchool district508FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 100 workplaces with 20 or more staff, 12,948 people in all across the county; Frankton has none of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively moderate
- TornadoesRelatively moderate
- Winter weatherRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Frankton’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Madison County and the Indianapolis-Carmel-Anderson, IN metro.
Frankton home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Frankton$203,091
- Indiana$257,165
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Frankton11
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Frankton address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Frankton — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.