Franklin East median real estate price is $406,121, which is more expensive than 86.2% of the neighborhoods in Indiana and 54.5% of the neighborhoods in the U.S.
The average rental price in Franklin East is currently $1,113, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 87.6% of Indiana neighborhoods.
Franklin East is a rural neighborhood (based on population density) located in Franklin, Indiana.
Franklin East real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Franklin East neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 7.1% in Franklin East. NeighborhoodScout analysis shows that this rate is lower than 51.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
If you are planning to retire in Indiana, this neighborhood should be on your must-see list. For many reasons, Franklin East may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Indiana, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 99.5% of neighborhoods in IN. If a Indiana retirement is in your future, this neighborhood should be one of the places you visit.
Our research reveals that 88.2% of commuters who live in the Franklin East neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 95.1% of U.S. neighborhoods.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Franklin East neighborhood in Franklin are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 47.9% of the neighborhoods in America. With 10.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 51.9% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Franklin East neighborhood, 53.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 23.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.6%), and 3.0% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Franklin East neighborhood is English, spoken by 96.9% of households. Some people also speak Spanish (3.1%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Franklin East neighborhood in Franklin, IN, residents most commonly identify their ethnicity or ancestry as English (19.2%). There are also a number of people of German ancestry (15.9%), and residents who report Irish roots (11.6%), and some of the residents are also of Scottish ancestry (2.7%), along with some Swedish ancestry residents (2.5%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Franklin East neighborhood spend under 15 minutes commuting one-way to work (28.7% of working residents), one of the shortest commutes across America.
Here most residents (88.2%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.