Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Franklin area can be challenging. Home prices in Franklin are now at a median cost of $85,722, lower than the Alabama average of $185,232.
The average cost of rent is $617/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. While nearly 69.80% of residents own their homes outright in Franklin, 22.82% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $3,705 per month. Households that rent pay about 16.65% of their income on rent here. Franklin's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Fountain, AL: higher priced homes
- Tinela, AL: equally priced homes
- Mexia, AL: higher priced homes
- Perdue Hill, AL: higher priced homes
- Natchez, AL: less expensive homes
- Tunnel Springs, AL: equally priced homes
- Suggsville, AL: equally priced homes
- Monroeville, AL: higher priced homes
- Peterman, AL: equally priced homes
- Scyrene, AL: higher priced homes
Cities with Similar Populations
- Starrsville, GA: higher priced homes
- Forest Springs, CA: higher priced homes
- Fossil, OR: higher priced homes
- Gibtown, TX: higher priced homes
- Glenn Springs, SC: higher priced homes
- Grahn, KY: higher priced homes
- Granger Homesteads, IA: higher priced homes
- Graphite, NC: higher priced homes
- Griffithville, AR: less expensive homes
- Spring Glen, PA: higher priced homes
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