Frankton is a town in Pipe Creek and Lafayette townships, Madison County, Indiana, United States. It is part of the Anderson, Indiana Metropolitan Statistical Area. The population was 1,862 at the 2010 census.
Frankton was laid out in 1853. It was incorporated as a town in 1871.
Frankton is located at 40°13′20″N 85°46′19″W (40.222213, -85.771806).
According to the 2010 census, Frankton has a total area of 1.05 square miles (2.72 km2), all land.
As of the census of 2010, there were 1,862 people, 732 households, and 531 families living in the town. The population density was 1,773.3 inhabitants per square mile (684.7/km2). There were 808 housing units at an average density of 769.5 per square mile (297.1/km2). The racial makeup of the town was 97.5% White, 0.4% African American, 0.1% Native American, 0.1% Asian, 0.9% from other races, and 1.1% from two or more races. Hispanic or Latino of any race were 2.2% of the population.
There were 732 households, of which 35.9% had children under the age of 18 living with them, 52.9% were married couples living together, 14.6% had a female householder with no husband present, 5.1% had a male householder with no wife present, and 27.5% were non-families.