Real Estate Agent Hourly Pay in Franklin, IN: $23.18 (2026)
Quick Answer:Hourly pay for a real estate agent working in Franklin, IN runs $23.18 at the median for 2026 — annualizing to $48,215 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Franklin's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $25.39 nationally would. A 24-hour part-time schedule grosses $28,932 per year.
Based on BLS state-level estimates · View source
In Franklin, Indiana, the real estate agent hourly pay for 2026 is projected at $23.18, which is approximately 10.08% lower than the national average of $25.78. This rate offers prospective agents valuable insight into potential earnings when working part-time, such as three days a week, where they may earn enough to make a solid income through strategic client interactions, whether in brokerage offices, during property showings, or closing tables at title companies. The hourly earnings for real estate agents can vary significantly, ranging from an entry-level $14.57 to as high as $35.93 for seasoned professionals, reflecting both experience and market demand. These estimates illustrate the breadth of opportunities available in the field, where agents can flexibly pursue income through varying schedules and locations, supporting a dynamic work-life balance.
About the Franklin Market
Salary estimated from Indiana average ($55,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $14.57 | $116.52 |
| Lower Range (P25) | $17.40 | $139.18 |
| Median (P50) | $23.18 | $185.46 |
| Upper Range (P75) | $29.67 | $237.35 |
| Top Earners (P90) | $35.93 | $287.45 |
Estimated Annual Income by Work Schedule in Franklin
Based on $23.18/hr median hourly rate · 2026 est.
At $23.18/hr, a real estate agent working full-time (40 hr/wk) in Franklin, IN can expect to earn approximately $48,220 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $27,819. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Franklin.
Hourly Rate Calculator
Schedule Comparison in Franklin
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $927.30 | $4,018 | $48,220 |
| Part-Time (24 hrs) | $556.38 | $2,411 | $28,932 |
| Per Diem (16 hrs) | $370.92 | $1,607 | $19,288 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Franklin) | $23.18 |
| Real Estate Broker (National Avg) | $42.96 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Property / Real Estate Manager (National Avg) | $33.79 |
| Appraiser / Assessor of Real Estate (National Avg) | $37.18 |
Real Estate Agents in Franklin, IN earn a median of $48,215 per year (2026 est.), which is 10.08% lower than the national median of $53,622 and 1.70% below the Indiana state average of $49,048.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $23.18/hr = $28,932/year (purchasing power: $31,689).
Working 40h/week (full-time) = $48,220/year (purchasing power: $52,815).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$21.15/hr
2025 BLS Actual
$22.84/hr
2026 Current Est.
$23.18/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Franklin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $21.15/hr | Actual |
| 2020 | $21.20/hr | Actual |
| 2021 | $20.90/hr | Actual |
| 2022 | $21.61/hr | Actual |
| 2023 | $23.48/hr | Actual |
| 2024 | $23.73/hr | Actual |
| 2025 | $22.84/hr | Actual |
| 2026(current) | $23.18/hr | Estimated |
| 2027 | $23.53/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Franklin grew 8.0% from $21.15/hr (2019) to $22.84/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $23.53/hr by 2027. Part-time and per-diem real estate agents can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Franklin metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 1.50% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Real Estate Agent in Franklin
Beyond the hourly wage, understanding the earning potential is critical for those considering a part-time career in real estate. A real estate agent working a 3-day week, committing 24 hours, could bring home a respectable income, especially compared to full-time colleagues. However, the industry operates primarily on a commission basis, making actual per diem real estate agent pay in Franklin a unique scenario. Newer agents, in their first couple of years, often find themselves earning below minimum wage when factoring in unpaid prospecting time, while top-tier agents can earn $100 to $300 per hour depending on their productivity and client base. Compensation packages also differ widely based on brokerage types; agents at national franchises might receive base salaries but may forego higher hourly earnings for the added security of benefits. Those working as independent contractors or at fee-based companies may negotiate terms that empower them with more flexibility but might lack traditional employee perks, prompting them to weigh their priorities carefully. As the landscape continues to evolve, especially post-2024 NAR commission settlement, agents must be prepared to adapt their strategies for income generation within this commission-based framework.
More salary data for Franklin, IN:
Frequently Asked Questions
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Written by Maria Gonzalez, REALTOR®
Career Analyst
Maria has 10 years of experience as a real estate agent. She specializes in residential properties. She works with a large brokerage in Texas.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 1.50% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for real estate agents in Franklin. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Franklin is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 1.50%, derived from historical BLS wage trends for real estate agents (SOC 41-9022).
Compiled and verified by Maria Gonzalez, REALTOR®, a licensed real estate agent with 10+ years of clinical experience. · View source data at BLS.gov