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Johnson County, IN

RANK #619 / 996  ·  POP 161,952  ·  IN

PROJECTED GROWTH: +0.3%

Johnson County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Johnson County?

Franklin, the county seat, stands out in Johnson County, Indiana, as the home of Franklin College, notable for being the first college in Indiana to admit women in 1842. Located directly south of Indianapolis, Johnson County offers a suburban and rural feel with a commute of about 20 minutes to downtown Indianapolis from its largest city, Greenwood. The county features over 1,200 acres of parks, including Johnson County Park with five miles of hiking trails and the Hoosier Horse Park, which hosted equestrian events for the 1987 Pan American Games.

Life in Johnson County often appeals to families, with several school corporations including Center Grove, Clark-Pleasant, and Franklin Community Schools. Public transportation, such as Access Johnson County, provides fixed routes within Franklin and Greenwood and connections to Indianapolis. The economy is experiencing growth in commercial and residential development, with new housing projects underway. While manufacturing and logistics are significant sectors, the county is also seeing investment in other areas, contributing to a diverse economic landscape.

[02] Market Snapshot

Housing Ratio
6.6x

Above national median (4.7x)

GDP Growth
+2.0%

Below national median

Home Prices
+1.1%

Below national median

Climate & Terrain
-1.2

Below-average climate & terrain

Price/Rent
13x

Below national median (13x)

Housing is fairly valued at 6.6x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Johnson County U.S. National

The Numbers

DEMOGRAPHICS
Population
161,952
+1.39% YoY
Median Household Income
$82,730
Median Home Value
$240,700
+1.14% 12mo
Median Rent
$1,155
Average Annual Pay
$50,444
+3.3% YoY
Employment
65,487
+1.4% YoY
Income-to-Home-Value
0.3437
More affordable than average
Migration Inflow
6.57%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$315,000
Days on Market
58
Moderate pace
Months of Supply
2.3
Seller's market
Sale-to-List Ratio
97.6%
Negotiation room for buyers
Sold Above List
10.1%
Listings w/ Price Drops
31.5%
Building Permits (2024)
1,134
Single-Family Permits
1,076

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$239M
TOTAL
PROJECT AMOUNT STATUS
Amazon Receive Center
Amazon.com Inc.
$80M Completed
The Post Mixed-Use Development
Undisclosed
$59M Under Construction
Pulte Homes' Iron Horse Development
Pulte Homes
$50M Planned
Innovation Park (Franklin College)
Franklin College
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.0% 35 percentile
Population Growth +1.4% 80 percentile
Income Growth +6.1% 8 percentile
Vacancy Rate 1.0% 55 percentile
Home Price Change +1.1% 48 percentile
Rent Growth +0.4% 14 percentile
Price/Rent 13x 57 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Johnson County, IN a good place to move to?

Johnson County has a Boom Town Index score of 38/100, ranking #619 among 996 U.S. counties. With job growth at +1.4% and a median household income of $82,730, it faces some economic headwinds compared to faster-growing counties.

Is Johnson County affordable?

The median home value in Johnson County is $240,700 with median rent at $1,155/month. The income-to-home-value ratio is 0.3437, which is more affordable than the national average.

Is Johnson County growing or shrinking?

Population growth: +1.4% year-over-year. Job growth: +1.4%. Home values changed +1.1% in the past 12 months.

Are people moving to Johnson County?

Yes — 6.57% of Johnson County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

McMinn County, TN 48 Montgomery County, VA 48 Bullitt County, KY 48 Cumberland County, NC 48 Licking County, OH 48 Walker County, GA 48 Monroe County, IN 48 Darlington County, SC 48