Frankton town, Indiana Demographics & Population 2026

Name: Frankton town, Indiana Demographics
Creator: U.S. Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

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Very AffordableHome value to income ratio of 1.9x is exceptionally low

As of 2026, Frankton town, Indiana has a total population of 1,789, the 251st largest city in Indiana, with a median household income of $64,500, which is 8% lower than the state average. The poverty rate is 11.0%.

Key Takeaways

Housing is very affordable with a home-value-to-income ratio of just 1.9x.

Frankton town Quick Facts

Population 1,789

Median Household Income $64,500

Median Home Value $120,200

Poverty Rate 11.0%

Unemployment Rate 4.2%

Median Age 39.5 years

Homeownership Rate 79.5%

Affordability Ratio 1.9x

Bachelor's Degree or Higher 12.8%

High School Graduation Rate 90.8%

Diversity Index 14/100

Population 1,789 251st of 967

Median Income $64,500 average

Poverty Rate 11.0% 12% lower national

Median Home Value $120,200 average

How Frankton town Compares

Median Household Income

Frankton town

$64,500

$70,051

National

$78,538

Median Home Value

Frankton town

$120,200

$201,600

National

$303,400

Economy & Housing

Household Income Distribution

Under $25K 17.5%

$25K-$50K 22.0%

$50K-$100K 35.8%

$100K+ 24.8%

Employment

4.2% Unemployment Rate State: 4.3% | National: 5.2%

65.8% Labor Force Participation

Housing Overview

Owner 79.5%

Renter 20.5%

Affordability Index Very Affordable

1.9x home value to income ratio

People & Demographics

Age Distribution

Under 18

23.8%

18-34

21.1%

35-54

27.1%

55-74

21.2%

75+

6.8%

Race & Ethnicity

Diversity Index

Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Educational Attainment (Adults 25+)

Frankton town Rankings in Indiana

#251 Population of 967

#363 Median Income of 967

#534 Education of 967

#483 Home Value of 967

Explore Indiana Rankings

Cities by Population All cities ranked by size Richest Cities Ranked by median income Most Educated By bachelor's degree rate Most Affordable By housing affordability

Cities Similar to Frankton town

These cities in the same state have comparable population and economic profiles.

City	Population	Median Income	Home Value	Bachelor's+	Poverty
Hamilton town	1,849	$66,884	$265,600	20.2%	8.2%
Argos town	1,822	$60,214	$128,100	11.4%	18.9%
North Liberty town	1,838	$61,143	$157,100	27.6%	9.2%
Bourbon town	1,816	$71,375	$156,800	23.1%	11.0%
Brookston town	1,703	$62,375	$132,700	18.4%	11.9%

Population Overview

Frankton town is a small community located in Indiana. The total population is 1,789. It ranks as the 251st most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in Frankton town is 39.5 years. This is 4% higher than the state median of 38.0 years.

Economy, Income & Housing

The median household income in Frankton town is $64,500. This is 8% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 18% lower. The poverty rate stands at 11.0%. This is 10% lower than the state poverty rate of 12.2%. The unemployment rate is 4.2%. This is 2% lower than the state rate of 4.3%. The median home value is $120,200. Housing costs are 40% lower than the state median of $201,600. With a home-value-to-income ratio of just 1.9x, Frankton town is one of the most affordable housing markets in the area. 79.5% of occupied housing units are owner-occupied. This homeownership rate is 13% higher than the state average of 70.3%.

Race & Ethnicity

Frankton town has a predominantly White (non-Hispanic) population, comprising 92.6% of all residents. Hispanic or Latino residents account for 4.2%. The Asian population (0.6%) is well below the state average of 2.5%.

Education

12.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 56% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.8%.

Data Sources & Methodology

All demographic data for Frankton town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Frankton town, Indiana?

Frankton town, Indiana has a population of 1,789 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Frankton town, IN?

The median household income in Frankton town is $64,500, which is 18% lower the national median of $78,538.

What is the poverty rate in Frankton town, IN?

The poverty rate in Frankton town is 11.0%. This means approximately 195 residents live below the federal poverty line.

What is the racial makeup of Frankton town, Indiana?

Frankton town's population is 92.6% White, 0.0% Black, 4.2% Hispanic/Latino, and 0.6% Asian.

What is the median home value in Frankton town, IN?

The median home value in Frankton town is $120,200. The home-value-to-income ratio is 1.9x.

How educated is Frankton town, Indiana?

12.8% of adults (25+) in Frankton town hold a bachelor's degree or higher, and 4.7% hold a graduate or professional degree.