Wanamaker, Acton and the new subdivisions of Marion County's southeast corner. Homes are taking longer to sell here than anywhere else in the county, and new construction is everywhere. Here is how to use that.
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Franklin Township is the southeast corner of Marion County: about 42 square miles, all of it part of consolidated Indianapolis. It had 32,080 people in 2000 and 65,788 at the 2020 Census, so it roughly doubled in 20 years. Most of that growth is new subdivisions on what used to be farmland.
One thing to clear up first. This is not the city of Franklin in Johnson County, further south. That is a separate city with its own schools and its own guide: Franklin, Indiana homes for sale. Listings and school names get mixed up between the two all the time.
Here's the thing about this market right now: it slowed down without getting cheaper. Homes took a median of 33 days to go under contract, up from 24, the longest of Marion County's nine townships this year. Sales were flat at 729 against 731, and supply rose from 2.4 to 2.9 months in August. But the median only slipped to $315,000 from $319,990, still second only to Washington Township in the county, and sellers got 98.4% of list.
What you are actually buying: newer housing stock, a lot of new-construction choice, Southeastway Park and quick access to I-65 and I-74. What you are giving up: a short drive downtown from most of the township (Wanamaker is about nine miles out), and a lot of two-lane roads in the growing parts of the township. Franklin Township's schools also have no voter-approved referendum, which keeps that rate off your tax bill.
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The township mixes 1800s crossroads towns, a belt of brand-new subdivisions and open country. They trade very differently.
Founded as New Bethel in 1834 on the Michigan Road and renamed in 1889 for Postmaster General John Wanamaker. Southeastern Avenue still follows the old road. It's about nine miles southeast of downtown (46239), and the Old Settler's Day street fair has run here every year since the late 1980s.
See homes →Platted in 1852 as Farmersville near the railroad and renamed Acton a couple of years later (46259). A Methodist campground ran near Southport and Acton roads from 1859 until a 1905 fire; part of that site became Acton Park in 2004. I-74 has an exit at Acton Road.
See homes →The northwest corner, home to the Marion County Fairgrounds and the century-old H.A. Waterman Co.
See homes →Southport, Franklin, Hickory, Thompson and Pentecost roads and Edgewood Avenue, mostly 46239 and 46259. More of Marion County's actively selling new construction is here than in any other township (12 of the 30 Marion County communities on this site). Residents have pushed back on traffic from new projects on two-lane roads, so drive the route at rush hour before you buy.
See homes →The north end. Google withdrew a rezoning for a 468-acre data center campus here on September 22, 2025, before an expected council denial. It could come back; I haven't confirmed whether it has. Residents raised well-water concerns, so if the house you like is on a well, test it and ask me what I know about the site.
See homes →The eastern part of Beech Grove sits inside the township, but Beech Grove is a separate city with its own government and its own school district, Beech Grove City Schools (46107). Check the city line for any address near it.
See homes →Neighborhood guides: Wildcat Run · Chessington Grove · Arlington Acres · Village at New Bethel · Farhill Downs
Most of the township is served by the Franklin Township Community School Corporation (Franklin Central High School). The eastern Beech Grove area is served by Beech Grove City Schools. IPS does not include Franklin Township. Confirm the assignment for the specific address.
Franklin Township schools have no voter-approved referendum. General-fund referendums failed in 2009 (twice) and 2011, and in May 2022 a $98.4 million capital referendum, about 21 cents per $100 of assessed value over 22 years, failed with 62% voting no. At the time that left the district as the only one of Marion County's 11 school districts without an approved referendum.
I found no Franklin Township question on the November 3, 2026 ballot, though the state list I checked may not be complete. Don't confuse this with Franklin Community Schools in Johnson County, which is a different district with its own November ballot question.
Southeastway Park on Carroll Road has 188 acres, about 80 of them forest, with Buck Creek, prairie and four miles of trails. Franklin Township Community Park, 99 acres next to Franklin Central, reopened in October 2025 after a $2.8 million upgrade with a new playground, pickleball and basketball courts and paved trails.
I-65, I-74 and Emerson Avenue are the main routes, and Southeastern Avenue runs diagonally through Wanamaker. In the new-subdivision belt, residents have raised traffic on two-lane roads at township land-use meetings.
Indiana caps homestead property tax at 1% of gross assessed value under the circuit breaker, so most owner-occupants land at or near that figure before any voter-approved referendum rate, which sits outside the cap. Rentals and second homes are capped at 2% and should be modeled separately. Marion County's local income tax is 2.02%, per Indiana Department of Revenue Departmental Notice #1, effective October 1, 2026. Confirm assessments with the Marion County Assessor.
If you want to walk to restaurants or be downtown in ten minutes, this isn't it. If you want the same new-construction feel with a Johnson County address, compare Greenwood. If you want a small town past the county line on the east side, look at New Palestine. For the full list of new builds, see the Marion County new home builds page.
The median single-family sale was $315,000 year to date through August 2026, on 729 closings, down 1.6% from $319,990 over the same stretch of 2025.
No. Franklin Township is part of Indianapolis in southeast Marion County. The city of Franklin is in Johnson County, with its own government and schools. It has its own guide: Franklin, Indiana homes for sale.
Slower than last year. Homes went under contract in a median of 33 days against 24 a year ago, and months of supply was 2.9 in August, up from 2.4. Sellers still received 98.4% of list.
Most of the township is served by the Franklin Township Community School Corporation. The eastern Beech Grove area is served by Beech Grove City Schools. IPS does not include Franklin Township. Confirm the assignment for the specific address.
No. The district's referendums failed in 2009, 2011 and May 2022, and I found no Franklin Township question on the November 3, 2026 ballot. Franklin Community Schools in Johnson County is a different district.
Yes. More of Marion County's active new construction is here than in any other township: 12 of the 30 Marion County communities on this site's New Home Builds page. As of September 27, 2026: M/I Homes' Sagebrook West from $266,990, Ryan Homes' Palermo Gardens from $274,990, D.R. Horton's Fields at New Bethel from $299,900 and Edgewood Farms from $339,900, Fischer Homes' Emerald Preserve from $310,990, and Beazer's Crossroads at Southport from $419,990, among others. See the Marion County new home builds page.
I'm Wes Johnston, a Realtor with Trueblood Real Estate, based in Fishers. I cover the whole Indianapolis metro, and every guide on this site is built the same way: MIBOR numbers, public sources, and the trade-offs a listing description won't mention.
My job isn't to open doors. It's to tell you what a house is actually worth, what's wrong with it, and whether it's the right move for what you're trying to do — then negotiate hard on your behalf and own the process from contract to close.
If you're two years out, that's fine. Most of my best clients started with a question, not a showing.
Fishers-based. Honest numbers, every part of the metro. Committed to your success.
At 33 days to contract you have time to compare a resale against the new builds nearby. Set up a saved search and you'll get new listings the morning they come on the market.
Start My Franklin Township SearchNot a national algorithm guessing from square footage. A real valuation based on what's actually selling near you, from someone who has been inside those houses.