37 / 100

Johnson County, IN

Pleasant

RANK #620 / 996 NAT  ·  #26 / 28 IN  ·  POP 161,952

1YR FORECAST: +0.6%

5YR OUTLOOK: +21%

Johnson County's housing market is projected to grow +0.6% over the next year, below the national average.

[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] Top Employers

  1. 1
    Johnson Memorial Health Healthcare
    1,000+
  2. 2
    Ulta Beauty Distribution Ctr Logistics
    250+
  3. 3
    Walmart Supercenter Retail
  4. 4
    Indiana Masonic Hm Health Ctr Healthcare
  5. 5
    Meijer Retail
  6. 6
    Clark-Pleasant Community School Corporation Education
  7. 7
    Endress+Hauser USA Manufacturing
  8. 8
    Interstate Warehousing Logistics
  9. 9
    The Garrett Companies Other
  10. 10
    KYB Americas Corporation Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
32.4%
of residents (national avg: 33%)

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] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.5
per 100K · nat avg 6.3
Firearm Fatalities
12.5
per 100K · nat avg 14.8
Injury Deaths
74.4
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

At 37/100, Johnson County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $82,730 combined with job growth of +1.4% suggests the local economy is struggling to keep pace with national trends.

Is Johnson County affordable?

Housing in Johnson County is roughly in line with national affordability norms. The median home costs $240,700 and the income-to-home-value ratio sits at 0.34, with rents averaging $1,155/month. Not a bargain, but not a stretch for most local earners either.

Is Johnson County growing or shrinking?

Johnson County is growing on multiple fronts. Population is up +1.4% year-over-year while employers added jobs at a +1.4% clip. Home values shifted +1.1% in the past year.

Are people moving to Johnson County?

In significant numbers — 6.57% of Johnson County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[09] Similar Counties by Size & Score

Boone County, IN 45 Porter County, IN 45 Hendricks County, IN 48 Vigo County, IN 49 Monroe County, IN 23 Hamilton County, IN 22 Cochise County, AZ 37 Caddo Parish, LA 37