Frankton

Population: 1,789
Median household income: $64,500
Median home value: $120,200

Frankton, a community in Madison County, Indiana, has 1,789 residents. The median household income of $64,500 is in line with the Madison County median ($62,632).

From 2019 to 2023, Frankton's population declined 14.3% from 2,088 to 1,789, while its median home value rose 40.3% from $85,700 to $120,200.

The typical home was built around 1965. 11.0% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 1,789
Median age: 39.5 yrs
Median household income: $64,500
Median home value: $120,200
Median gross rent: $1,000
Housing units: 760
Homeownership rate: 79.5%
Bachelor's degree or higher: 12.8%
Unemployment rate: 4.2%

Trends

ACS 5-year · 2019–2023

Population

2,0881,789

Median household income

$51,107$64,500

Median home value

$85,700$120,200

Median gross rent

$729$1,000

Year	Population	Median household income	Median home value	Median gross rent
2019	2,088	$51,107	$85,700	$729
2020	2,107	$51,714	$87,600	$712
2021	2,047	$51,680	$87,400	$769
2022	1,849	$57,250	$106,300	$829
2023	1,789	$64,500	$120,200	$1,000

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 53.4%

5 to 1720.3%

18 to 247.3%

25 to 3413.8%

35 to 4412.4%

45 to 5414.7%

55 to 6414.3%

65 to 746.9%

75 and over6.8%

	Count	Share
Under 5	61	3.4%
5 to 17	364	20.3%
18 to 24	131	7.3%
25 to 34	247	13.8%
35 to 44	222	12.4%
45 to 54	263	14.7%
55 to 64	255	14.3%
65 to 74	124	6.9%
75 and over	122	6.8%

Race & ethnicity

	Count	Share
White (non-Hispanic)	1,657	92.6%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	10	0.6%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	16	0.9%
Two or more races	31	1.7%
Hispanic or Latino (any race)	75	4.2%

Educational attainment (age 25+)

No high school diploma9.2%

High school graduate47.8%

Some college or associate's30.3%

Bachelor's degree8.1%

Graduate or professional degree4.7%

	Count	Share
No high school diploma	113	9.2%
High school graduate	589	47.8%
Some college or associate's	373	30.3%
Bachelor's degree	100	8.1%
Graduate or professional degree	58	4.7%

Commute to work

Mean travel time to work: 32 min

Drove alone84.4%

Carpooled10.5%

Public transit0.0%

Walked0.3%

Bicycle0.0%

Worked from home4.3%

Other means0.5%

How workers get to work

	Count	Share
Drove alone	728	84.4%
Carpooled	91	10.5%
Public transit	0	0.0%
Walked	3	0.3%
Bicycle	0	0.0%
Worked from home	37	4.3%
Other means	4	0.5%

Travel time

	Count	Share
Under 15 min	113	13.7%
15 to 29 min	389	47.1%
30 to 44 min	152	18.4%
45 to 59 min	108	13.1%
60+ min	64	7.7%

Households

Average household size: 2.65
Poverty rate: 11.0% (195 of 1,772)

	Count	Share
Family households	436	64.7%
Nonfamily households	238	35.3%

Housing

Median year structure built: 1965

Occupancy

	Count	Share
Occupied	674	88.7%
Vacant	86	11.3%

Tenure (of occupied units)

	Count	Share
Owner-occupied	536	79.5%
Renter-occupied	138	20.5%

1-unit, detached77.9%

1-unit, attached1.8%

2 to 4 units4.2%

5 to 19 units0.4%

20 or more units0.0%

Mobile home & other15.7%

Units in structure

	Count	Share
1-unit, detached	592	77.9%
1-unit, attached	14	1.8%
2 to 4 units	32	4.2%
5 to 19 units	3	0.4%
20 or more units	0	0.0%
Mobile home & other	119	15.7%

Geography

Place GEOID: 1825702
Type (LSAD): 43
Land area: 1.06 sq mi
Water area: 0 sq mi
Center point: 40.2210, -85.7720