South Franklin is a neighborhood of 17,780 people in Indianapolis. Households here earn about 74% more than in Indianapolis as a whole. This is an unusually credentialed place: 50% of adults have a four-year degree. 78% of homes are owner-occupied. There are 2,576 people per square mile. Households take in $115,065 a year at the median, 40% more than the country as a whole. These figures are approximated by combining the 3 census tracts that make up South Franklin; the Census Bureau does not tabulate data for neighborhoods directly.
At a glance
Wealthier
above the US median
US median: $82,259
Mid-age
median age 38.7
US median: 38.9
More educated
50% hold a bachelor's degree
US average: 36%
Owner-heavy
78% owner-occupied
US average: 65%
Section 01
Population & growth
Total population
17,780
Population density
2,576 / sq mi
US average: 281
Median age
38.7
US average: 38.9
Land area
6.90 sq mi
Section 02
Income & economy
Median household income
$115,065
US average: $82,259
Per capita income
$50,669
US average: $44,673
Households earning $100K+
69.8%
US average: 53.3%
Poverty rate
4.6%
US average: 12.5%
Income inequality (Gini)
0.354
US average: 0.476
Workforce by industry, 2024
Retail trade9.5%
US avg: 9.9%
Finance & insurance8.9%
US avg: 5.9%
Professional, scientific, technical8.1%
US avg: 5.1%
Information7.5%
US avg: 10.8%
Other services7.1%
US avg: 6.7%
Public administration5.6%
US avg: 4.8%
Wholesale trade4.3%
US avg: 6.9%
Transportation & warehousing2.7%
US avg: 2.2%
Arts, entertainment, food1.5%
US avg: 1.9%
Education & health services0.8%
US avg: 0.9%
Agriculture, forestry, fishing0.2%
US avg: 1.6%
Construction0.2%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 03
Housing
Median home value
$302,554
US average: $376,019
Median gross rent
$1,635
US average: $1,442
Owner-occupied
77.7%
22.3% rent
Vacancy rate
2.0%
US average: 10.0%
Persons per household
2.63 people
US average: 2.54
Owner cost-burdened
10.6%
US average: 22.9%
Renter cost-burdened
24.8%
US average: 47.4%
Afford Score
2.6
Years of local income it takes to buy a local home, on a scale of about 0 to 15. Lower is more affordable.
Section 04
Race & ethnicity
2024
White, non-Hispanic74.6%(13,268)
Black2.9%(524)
Hispanic / Latino5%(895)
Asian13.2%(2,345)
Other4.2%(748)
2024
White, non-Hispanic74.6%(13,268)
Black2.9%(524)
Hispanic / Latino5%(895)
Asian13.2%(2,345)
Other4.2%(748)
Diversity Score
53
Our index, 0 to 100. Higher means a more even mix of racial and ethnic groups.
How many people live in South Franklin, Indianapolis, Indiana?
South Franklin, Indianapolis, Indiana has about 17,780 residents according to the 2024 American Community Survey.
What is the median household income in South Franklin, Indianapolis, Indiana?
The typical household in South Franklin, Indianapolis, Indiana earns about $115,065 a year. Half of households make more than that, and half make less.
Is South Franklin, Indianapolis, Indiana expensive?
In South Franklin, Indianapolis, Indiana, the median home is worth about $302,554, and the typical rent is about $1,635 a month.
How educated are people in South Franklin, Indianapolis, Indiana?
About 49.8% of adults age 25 and over in South Franklin, Indianapolis, Indiana hold a bachelor's degree or higher.
What is the poverty rate in South Franklin, Indianapolis, Indiana?
About 4.6% of people in South Franklin, Indianapolis, Indiana live below the federal poverty line.
