Franklin Northwest median real estate price is $325,340, which is more expensive than 71.3% of the neighborhoods in Indiana and 41.9% of the neighborhoods in the U.S.
The average rental price in Franklin Northwest is currently $1,568, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.7% of the neighborhoods in Indiana.
Franklin Northwest is a rural neighborhood (based on population density) located in Franklin, Indiana.
Franklin Northwest real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Northwest neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Franklin Northwest, the current vacancy rate is 2.0%, which is a lower rate of vacancies than 85.9% of all neighborhoods in the U.S. This means that the housing supply in Franklin Northwest is very tight compared to the demand for property here.
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.
Did you know that the Franklin Northwest neighborhood has more Austrian and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.5% of this neighborhood's residents have Austrian ancestry and 1.8% have Ukrainian ancestry.
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 Northwest 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 59.1% of the neighborhoods in America. With 12.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 56.1% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Franklin Northwest neighborhood, 37.2% 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 23.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.0%), and 17.6% in clerical, assistant, and tech support occupations.
The most common language spoken in the Franklin Northwest neighborhood is English, spoken by 96.1% of households.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Franklin Northwest neighborhood in Franklin, IN, residents most commonly identify their ethnicity or ancestry as German (14.7%). There are also a number of people of Irish ancestry (8.7%), and residents who report English roots (6.8%), and some of the residents are also of Mexican ancestry (2.6%), along with some Ukrainian ancestry residents (1.8%), 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 Northwest neighborhood spend under 15 minutes commuting one-way to work (37.2% of working residents), one of the shortest commutes across America.
Here most residents (81.1%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (10.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.